2026 Interim Performance Forecast
Ming Yang Smart Energy Group Ltd
14 July 2026
MING YANG SMART ENERGY GROUP LIMITED
(GDR under the symbol: "MYSE")
(a joint stock company established under the laws of the People's Republic of China with limited liability)
2026 Interim Performance Forecast
Important Notice:
l Specific applicable circumstances for this performance forecast: The company realized a profit, with net profit declining by over 50% year-over-year.
l Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") expects the net profit attributable to shareholders of the Listed Company for the first half of 2026 to be between RMB 100 million and RMB 150 million, representing a decrease of RMB 459.9271 million to RMB 509.9271 million compared to the same period of the previous year, a year-on-year decrease of 75.41% to 83.60%.
l The Company expects the net profit attributable to shareholders of the Listed Company after deducting non-recurring gains or losses for the first half of 2026 to be between RMB 5 million and -RMB 45 million, representing a decrease of RMB 480.3486 million to RMB 530.3486 million compared to the same period of the previous year, a year-on-year decrease of 98.97% to 109.27%.
l This performance forecast has not been audited by a certified public accountant.
I. Details of the Current Performance Forecast
(I) Performance forecast period
From January 1, 2026 to June 30, 2026.
(II) Details of the performance forecast
1. The Company expects the net profit attributable to shareholders of the Listed Company for the first half of 2026 to be between RMB 100 million and RMB 150 million, representing a decrease of RMB 459.9271 million to RMB 509.9271 million compared to the same period of the previous year, a year-on-year decrease of 75.41% to 83.60%.
2. The Company expects the net profit attributable to shareholders of the Listed Company after deducting non-recurring gains or losses for the first half of 2026 to be between RMB 5 million and -RMB 45 million, representing a decrease of RMB 480.3486 million to RMB 530.3486 million compared to the same period of the previous year, a year-on-year decrease of 98.97% to 109.27%.
3. The data in this performance forecast has not been audited by a certified public accountant.
II. Operating Performance and Financial Position for the Same Period of the Previous Year
(I) Net profit attributable to shareholders of the Listed Company: RMB 609.9271 million; net profit attributable to shareholders of the Listed Company after deducting non-recurring gains and losses: RMB 485.3486 million.
(II) Earnings per share: RMB 0.27.
III. Main reasons for the change in performance during the current period
Affected by the construction progress and sales progress of power station projects, the Company's sales volume of power station products in the first half of the year 2026 decreased significantly year-on-year.
The Company has continued to advance its overseas business layout, with increased investment in overseas market promotion, local team building, and overseas project research compared to the same period of the previous year.
IV. Risk Warning
The data in this performance forecast is preliminary financial data from the Finance Department of the Company based on its professional judgment and has not yet been audited by a certified public accountant. The Company involves no major uncertainties that would affect the accuracy of this performance forecast.
V. Other Explanations
The forecast data above is only preliminary. The specific and accurate financial data will be subject to the 2026 Semi-annual Report officially disclosed by the Company. Investors are kindly reminded to be aware of investment risks.
Ming Yang Smart Energy Group Limited
July 14, 2026
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