Ling Yun Guang: Net profit is expected to increase by 590% year-on-year in the first half of 2026.

Lingyun Guang Announcement: It is expected that the net profit attributable to the owners of the parent company in the first half of 2026 will be around 6.62 billion yuan, an increase of about 5.66 billion yuan compared to the same period last year, an increase of about 590% year-on-year. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be around 1.3 billion yuan, an increase of about 48.73 million yuan compared to the same period last year, an increase of about 60% year-on-year. In the first half of 2026, the company continued to promote its AI strategic transformation, seizing opportunities for downstream intelligent upgrading and new AI infrastructure growth, continuously optimizing product structure and industry layout, and achieving positive results in business expansion. The company's internal operational improvements and management efficiency have also made positive progress, further enhancing the profitability of its main business. On the other hand, the significant increase in fair value changes of the equity of Zhifu Huazhang held by the company's wholly-owned subsidiary has contributed significantly to the current net profit, and this income falls under non-recurring gains and losses.