Xinyi Energy Holdings Limited anticipates a sharp contraction in profitability for the six months ended 30 June 2026 (1H2026). Based on a preliminary review of unaudited figures, management expects net profit to decline by between 25% and 35% from the RMB449.80 million recorded in 1H2025, implying a projected earnings range of roughly RMB292.37 million to RMB337.35 million.

Key factors driving the downturn:

1. Lower on-grid electricity output • Curtailment losses stemming from consumption-capacity constraints in several mainland provinces, especially affecting subsidised projects, reduced electricity generation volumes.

2. Softer power prices under market reforms • Implementation of the new PRC electricity pricing mechanism increased market-based trading volumes and compressed average selling prices.

3. Change in earnings contribution from Tianjin unit • Following the December 2025 disposal of a 51% stake in Xinyi Solar (Tianjin) Limited, the entity has been reclassified from subsidiary to associate, eliminating its full profit consolidation.

The Board plans to release the Group’s full unaudited 1H2026 results before the end of August 2026, in accordance with Hong Kong Listing Rules. Shareholders and potential investors are urged to exercise caution when dealing in Xinyi Energy shares pending the official results announcement.