Pin Gao Co., Ltd.: Net losses of 52.5155 million yuan in 2025.

Baode Corporation announced that its operating income in 2025 was 475 million yuan, a year-on-year decrease of 8.75%. The net loss attributable to shareholders of the listed company was 52.5155 million yuan, compared to a net loss of 64.0552 million yuan in the same period last year. The company plans not to distribute cash dividends, not to increase capital reserves through capitalization of surplus funds, and not to issue bonus shares in 2025.