Core Energy Technology: Net profit in the first quarter was 2.2886 million yuan, a year-on-year decrease of 91.70%.

XinNeng Technology announcement, the revenue in the first quarter of 2026 was 121 million yuan, a year-on-year decrease of 14.00%; net profit was 2.2886 million yuan, a year-on-year decrease of 91.70%. During the reporting period, the company's total profit, net profit, earnings per share, and operating cash flow mainly came from the photovoltaic power generation business. The revenue and gross profit of photovoltaic power generation in this period decreased compared to the same period last year, mainly due to two reasons: first, the area where the company's power plants are located had more rainy weather compared to the same period in previous years, resulting in weaker sunlight conditions. The hours of photovoltaic power generation in this period decreased from 216 hours in the same period last year to 189 hours, a decrease of 27 hours; secondly, influenced by the marketization of electricity trading, the price of electricity for large industrial users decreased in this period, and the company's customer settlement price also decreased. These factors led to a decrease in revenue and gross profit of photovoltaic power generation compared to the same period last year, which in turn resulted in a decrease in the company's total profit, net profit, earnings per share, and net cash flow from operating activities compared to the same period last year.