This is the 4132nd most frequent Arabic word.
سنوي
Annual.
Here, 'سنوي' is used as an adjective to describe an event ('اجتماع') that happens once every year.
الاجتماع السنوي للشركة سيعقد الأسبوع القادم.
The annual company meeting will be held next week.
In this sentence, 'سنوي' qualifies 'تقرير', signifying that this report is created every year.
قمنا بإعداد تقرير سنوي عن أداء الموظفين في الشركة.
We prepared an annual report on the employees' performance in the company.
Here, 'سنوي' is describing 'التغيير', indicating a change observed over a year.