Bao New Energy: Net profit in 2025 is 1.024 billion yuan, a year-on-year increase of 45.21%.

Bao New Energy Announcement: In 2025, the operating income was 8.634 billion yuan, a year-on-year increase of 9.23%. Net profit was 1.024 billion yuan, a year-on-year increase of 45.21%. The profit distribution plan approved by the board of directors is based on the total share capital of 2.176 billion shares at the end of 2025. A cash dividend of 2 yuan will be distributed to all shareholders for every 10 shares, totaling 435 million yuan in profit distribution. The remaining undistributed profits will be carried over for future distribution. There will be no bonus shares or capital reserve conversion for this distribution.