GEPIC Energy Development Co Ltd

Gansu Energy released its 2026 interim report, with net profit attributable to the parent company of 840 million yuan, up 1.80% from the same period last year. Total operating revenue was 4.17 billion yuan, up 6.08% year-on-year, marking four consecutive years of growth. Net cash inflow from operating activities was 2.085 billion yuan, down 6.31% year-on-year. The company's latest asset-liability ratio was 53.31%, gross margin was 41.39%, and diluted earnings per share was 0.26 yuan.

Gansu Diantou Energy Development Co., Ltd.’s wholly-owned subsidiary Jiuhui Company, through its Gansu Diantou Qingyang New Energy Co., Ltd., invested in the construction of the Gansu Qingyang East-West Computing Industrial Park Green Power Aggregation Pilot Project Phase II 1 gigawatt new energy project, which received approval and filing from the Qingyang Energy Bureau on July 29, 2026. The installed capacity of this project exceeds 10% of the company’s total controlled installed capacity that was already generating power as of the end of 2025. It is a pilot project exploring the green power aggregation supply model of nearby power supply, aggregated trading, and local consumption. The company approved the project through its board of directors and extraordinary shareholders’ meeting in April 2026, and noted the risk that the project may not progress as scheduled, mainly due to factors such as the loess ridge and gully terrain and financing, as well as sensitivity factors including changes in construction investment, electricity prices, utilization rates, and transmission and distribution prices that could lead to the risk of not achieving expected returns.