CSSC Han Guang responds to declining performance: The increase in raw material prices has had a certain impact on costs, and it is difficult to pass on the price increase downstream.

In the first quarter of 2026, China Shipbuilding Han Guang achieved a total operating income of approximately 288 million yuan, a year-on-year decrease of 2%; achieved a net profit of approximately 25.6421 million yuan, a year-on-year decrease of 1.36%. The net cash flow generated from operating activities was approximately 7.4822 million yuan, a year-on-year decrease of 43.26%. Regarding the reasons for the performance change, China Shipbuilding Han Guang stated that the company is a third-tier subsidiary of China Shipbuilding, mainly engaged in office supplies such as toner and printing and copying equipment. The decline in performance is mainly related to the decline in market demand. In addition, in the first quarter of 2026, there was a trend of rising prices for raw materials needed for production, which had a certain impact on costs, and it was difficult for the company to pass on the price increase to downstream customers.