He Wang Electric: Net profit in the first quarter was 51.12 million yuan, a year-on-year decrease of 51.48%

He Wang Electrical announced that its operating income in the first quarter of 2026 was 574 million yuan, a year-on-year decrease of 25.82%. Net profit was 51.12 million yuan, a year-on-year decrease of 51.48%. The main reason was a decrease in income from new energy electric control business.