Zhejiang DunAn Artificial Environment Co Ltd

Dun'an Environment released its 2026 semi-annual report on the evening of August 26. In the first half, it achieved operating revenue of 7.231 billion yuan, up 7.45% year on year, while net cash flow from operating activities reached 547 million yuan, surging 71.12% year on year. Against a backdrop of pressure on the traditional household air-conditioning industry, the company's three major business segments showed a pattern of one stable and multiple growing areas. Revenue from the refrigeration and air-conditioning components segment was 5.306 billion yuan, a slight decline of 1.96% year on year, but within it, revenue from data-center cooling component products rose more than 40% year on year, stainless steel product orders were sufficient, and some products grew more than 100% year on year. Revenue from the refrigeration equipment segment was 652 million yuan, surging 35.03% year on year, benefiting from demand in emerging sectors such as semiconductors, nuclear power, and energy storage. Revenue from the new energy vehicle thermal management segment was 606 million yuan, up 25.89% year on year, with more than 120 new project nominations including electronic expansion valves and nearly 20 passenger vehicle water-side pump project nominations. The company's R&D investment reached 252 million yuan, and its quality loss rate improved 25% year on year, as it evolves from a traditional refrigeration components leader into a diversified thermal management platform enterprise.