Changqing Group: The annual performance for 2025 is expected to be a loss of between 175 million and 215 million yuan.

Changqing Corporation announced that it is expected to have a net profit attributable to shareholders of the listed company of -175,000,000 to -215,000,000 RMB in the year 2025, and a net profit after deducting non-recurring gains and losses of -180,000,000 to -220,000,000 RMB. The net profit in the same period of the previous year was 68,159,200 RMB. The main reasons for the expected loss in performance are the bankruptcy reorganization of Hezhong New Energy, which led to the company making provision for impairment losses on related assets; initial losses in the new business investment; increased salary expenses due to the introduction of management talents; and increased sales expenses due to the expansion of the marketing team. The specific financial data is subject to the 2025 annual report.