Qinshang Co., Ltd. announced that net profit attributable to shareholders of listed companies in the first half of 2026 is expected to be a loss of 40 million yuan to 60 million yuan, a loss of 28.123 million yuan in the same period last year, an increase of 42% to 113% year-on-year; net profit after deducting non-recurring profit and loss is 55 million yuan to 75 million yuan, a loss of 35.5529 million yuan for the same period last year, and the loss increased 55% to 111% year on year. Reasons for changes in performance: Affected by macroeconomic and industry competition, sales order volume declined and construction progress slowed down, leading to a year-on-year decline in operating income by about 30%; increased exchange losses due to RMB appreciation; and preparation for depreciation of related assets showing signs of impairment at the end of the period.

Qinshang Co., Ltd. announced that net profit attributable to shareholders of listed companies in the first half of 2026 is expected to be a loss of 40 million yuan to 60 million yuan, a loss of 28.123 million yuan in the same period last year, an increase of 42% to 113% year-on-year; net profit after deducting non-recurring profit and loss is 55 million yuan to 75 million yuan, a loss of 35.5529 million yuan for the same period last year, and the loss increased 55% to 111% year on year. Reasons for changes in performance: Affected by macroeconomic and industry competition, sales order volume declined and construction progress slowed down, leading to a year-on-year decline in operating income by about 30%; increased exchange losses due to RMB appreciation; and preparation for depreciation of related assets showing signs of impairment at the end of the period.