In the first quarter, the net profit attributable to shareholders of SHANGHAI QINGPU (08115) was 7.266 million yuan, an increase of 627.3% year-on-year.

SHANGHAI QINGPU (08115) released its performance for the three months ended on March 31, 2026, with a revenue of 62.449 million yuan (RMB, the same below), an increase of 220.9% year-on-year; the attributable profit to owners of the company was 7.266 million yuan, an increase of 627.3% year-on-year; basic earnings per share were 3.40 cents. The significant growth in performance during the period was mainly due to the successful acquisition of the Fire Training Group by the group on January 5, 2026. Since the completion date, the Fire Training Group has become a wholly-owned subsidiary of the company, and its financial performance has been consolidated into the group's accounts. During the period, the Fire Safety Training Services division performed exceptionally well, contributing approximately 37.059 million yuan to the revenue. The completion of this acquisition marks the company's strategic transformation from focusing mainly on equipment manufacturing to a diversified architecture integrating fire safety training and services. At the same time, the group's original fire equipment business (Qingpu Fire) showed stable performance, generating revenue of approximately 25.39 million yuan during the period. Since transitioning strategically to a subcontracting model at the end of 2025 due to the expiration of some manufacturing licenses, the group has successfully reduced administrative and environmental compliance costs, enhanced production flexibility, and more effectively focused resources on product development and quality assurance.