Shandong Hi-Speed New Energy Group Limited (SDHS New Energy) disclosed preliminary production data for March 2026, indicating weaker output across both solar and wind portfolios.

Group-level performance • Operating power generation from all projects—covering subsidiaries, associates and joint ventures—reached 539,615 MWh in March 2026. • For the three months ended 31 March 2026, cumulative output totaled 1.49 million MWh.

Mainland China subsidiary portfolio Centralized photovoltaic (PV) plants • March output: 211,944 MWh, a 10.6% year-on-year decline. • Q1 output: 561,311 MWh, down 12.3% versus the same period in 2025. • Notable gains were recorded in Shanxi Province (+55.0% YoY for March, +63.7% YTD), Ningxia (+16.8% YTD) and Jilin (+21.9% YoY for March). The steepest monthly contractions came from Guangdong (-34.7%) and Henan (-20.7%).

Wind power plants • March output: 241,528 MWh, down 30.5% year-on-year. • Q1 output: 737,338 MWh, a 13.9% decrease from the prior-year period. • Xinjiang exhibited relative resilience (-2.8% YoY for March), while Shanxi posted the sharpest monthly drop (-62.3%).

Combined subsidiary performance • Total March production from PV and wind assets stood at 453,472 MWh, representing a 22.4% year-on-year fall. • Q1 combined output reached 1.30 million MWh, 13.2% lower than the corresponding period in 2025.

Management notes that all figures are based on preliminary internal statistics and remain subject to normal accounting adjustments. Shareholders and potential investors are advised to interpret the data as operational indicators rather than definitive financial results for the period ending 31 December 2026.