Mingzhi Technology: Net profit in the first quarter of 2026 was 3.2132 million yuan, a year-on-year decrease of 75.66%.

Mingzhi Technology announces that its revenue for the first quarter of 2026 was 120 million yuan, an increase of 2.30% year-on-year. Net profit was 3.2132 million yuan, a decrease of 75.66% compared to the same period last year. The decrease in net profit was mainly due to the increase in exchange losses from financial expenses caused by changes in exchange rates during the reporting period, as well as a decrease in government subsidies compared to the same period last year and a decrease in credit impairment losses reversed compared to last year.