Zongshen Power: Net profit in the first quarter decreased by 24.16% year-on-year.

Zongshen Power announced that in the first quarter of 2026, the operating income was 3.053 billion yuan, a year-on-year decrease of 5.36%; the net profit attributable to shareholders of the listed company was 172 million yuan, a year-on-year decrease of 24.16%. The main reason for the performance change is the increase in exchange losses due to fluctuations in the US dollar against the RMB compared to the same period last year, as well as the increase in bad debt provision for accounts receivable in this period.