Chuanjinuo: It is expected that the net profit in the first half of 2026 will decrease by 26.76% to 38.03% compared to the previous year.

Chuankinuo Announcement: It is expected that the operating income from January 1, 2026 to June 30, 2026 will be between 2 to 2.2 billion yuan, an increase of 14.68% to 26.14% compared to the same period last year; the net profit attributable to the shareholders of the listed company is expected to be between 110 million yuan to 130 million yuan, a decrease of -38.03% to -26.76% compared to the same period last year; the net profit after deducting non-recurring gains and losses is expected to be between 105 million yuan to 125 million yuan, a decrease of -36.95% to -24.94% compared to the same period last year. The main reasons for the decrease in net profit in the first half of 2026 compared to the same period last year are: first, the rising cost of one of the core raw materials, sulfur, has squeezed the profit margin; second, the comprehensive gross profit margin has decreased year-on-year due to market and other factors; third, financial expenses and management expenses have increased year-on-year.