Stock Code: 600057 Stock Abbreviation: Xiamen

Xiangyu

Xiamen Xiangyu Co. Ltd.The Board of Directors and all Directors of the Company shall guarantee that there is no

false recordation misleading statement or material omission in contents of this

Announcement and shall assume the legal liability for authenticity accuracy and

completeness of such contents.Notes to Important Items:

The Board of directors the Board of Supervisors as well as Directors Supervisors and Senior

Management of the Company shall guarantee the authenticity accuracy and completeness of

the contents of the Quarterly Report without any false recordation misleading statement or

material omission and shall assume the joint and several legal liabilities.The person in charge of the Company the person in charge of financial affairs and the leading

member of the accounting body (the person in charge of accounting) shall guarantee the

authenticity accuracy and completeness of the financial information in the Quarterly Report.Whether the financial statements for the third quarter are audited or not

□Yes √No

I. Key financial data

(1) Key accounting data and financial indicators

Unit: million Yuan Currency: RMB

From beginning of the

Current reporting Changes on a Changes on a YoY

Item year to the end of

period YoY basis (%) basis (%)

reporting period

Operating revenue 117207.25 3.8 326252.45 2.96

Total profit 1014.79 -2.75 2676.06 5.04

Net profit attributable to

shareholders of the 596.63 -0.77 1662.63 1.79

listed company

Net profit attributable to

shareholders of the

listed company after 701.10 -14.3 1642.89 43

deducting the non-

recurring profit and loss

Net cash flow from

Not applicable Not applicable -5907.43 -182.93

operating activities

Basic earnings per

0.16 -11.11 0.44 -10.2

share (Yuan/share)

Diluted earnings per

0.16 -11.11 0.44 -10.2

share (Yuan/share)

Weighted average Increased by

2.96 8.00 Increased by 0.17pp

return on equity (%) 0.12 pp

At the end of Changes compared to

At the end of last year

reporting period the end of last year (%)

Total assets 133979.38 12869705.04 4.10

Owner’s equity

attributable to the

34083.87 31653.38 7.68

shareholders of the

listed company

Note: The “Current Reporting Period” means the period of three months from the beginning of

the current quarter to the end of the current quarter; the same as below.Remark:

In the above statement the net profit attributable to the shareholders of the listed company from

beginning of the year to the end of reporting period includes the interests attributable to the

holders of the perpetual bonds in the amount of RMB 423 million; after deducting such interest

the amount of the net profit attributable to the shareholders of the listed company from beginning

of the year to the end of reporting period is RMB 1.24 billion. When calculating the basic earnings

per share the diluted earnings per share the weighted average net return on equity and other

key financial indicators the perpetual bonds and the interests accrued thereon are deducted.(2) Non-recurring profit and loss items and amounts thereof

Unit: Yuan Currency: RMB

Amount from beginning

Non-recurring profit and loss Amount in current

of the year to the end of Remark

items reporting period

the reporting period

The disposal gains and losses of

non-current assets including the

reversal of previously -6113446.78 19063471.48

recognized asset impairment

provisions

The government subsidies

(except for those closely related

to the Company’s normal

business operations in line with

national policies and 3671414.59 180108625.92

continuously available at certain

standard quota or ration)

included in the current profit and

loss

Mainly including the

changes in fair value

recognized in profit or loss

Except for the effective hedging and the gains and losses

business related to the on disposal arising from the

Company’s normal business Company’s hedging

operations the changes in fair against fluctuations in

value recognized in profit or loss commodity prices and

derived from holding financial -16792160.83 -410585233.98 exchange rates using

assets and financial liabilities by futures instruments and

non-financial enterprises and foreign exchange contracts

the gains and losses arising to support the spot

from the disposal of financial operations of the main

assets and financial liabilities business which are closely

related to the operating

profit and loss of the main

business.Fund occupation fees charged

to non-financial enterprises that

recognized in current profit or 24965609.11

loss

Reversal of the impairment

provision for receivables of 1146442.73 15110954.07

which the impairment tests are

carried out separately

Trustee fee from entrusted

operations 1686320.74 5058962.26

Other non-operating incomes

and expenses than those -23402283.86 71725300.35

mentioned above

Less: Amount of income tax

consequence 27920341.26 -92342159.52

Amount of minority equity

consequence (after tax) 36743329.37 -21948730.79

Total -104467384.04 19738579.52

For items not listed in the Explanatory Announcement on Information Disclosure for Companies

Offering Securities to the Public No.1 - Non-recurring Gains and Losses but defined as non-

recurring gains or losses by the Company with material amount as well as the non-recurring

profit and loss items listed in Explanatory Announcement on Information Disclosure for

Companies Offering Securities to the Public No.1 - Non-recurring Gains and Losses but defined

as recurring gains and losses by the Company explanations should be provided.□Applicable √Not Applicable

(3) The circumstances and causes for occurrence of changes in the key accounting data and

financial indicators

√Applicable □Not Applicable

Proportion of

Name of item Main cause

change (%)

Mainly attributable to the year-on-year increase

in net profit attributable to shareholders of the

listed company and the year-on-year decrease

in non-recurring gains and losses. The year-on-

year decline in non-recurring gains and losses

Net profit attributable to shareholders of was primarily driven by changes in the fair value

the listed company after deducting the of derivative financial instruments including

non-recurring profit and loss_ from 43.00 commodity futures and foreign exchange

beginning of the year to the end of futures held as hedges for the Company’s spot

reporting period positions amid price volatility in futures of

certain products.The Company continuously and dynamically

optimizes its risk management strategies

effectively mitigating the impact of futures price

fluctuations on combined spot and futures gross

profit. Overall the Company ’ s operations

maintained steady and sound growth.Mainly attributable to the Company ’ s

optimization of procurement and sales pace for

its bulk commodity trading operations in

Net cash flow from operating activities_

response to market cycle changes featuring

from beginning of the year to the end of -182.93 phased inventory build-up and expanded

reporting period

procurement scale. Meanwhilethe scale of

procurement under the bill settlement model

decreased.II. Information on shareholders

(1) The total number of common shareholders the number of preferred shareholders whose

voting rights are restored and the shares held by top ten shareholders

Unit: Share

Total number of preferred shareholders whose

Total number of shareholders at

43596 voting rights are restored at the end of the 0

the end of the reporting period

reporting period (if any)

Shareholding status of the top 10 shareholders (excluding shares lent through refinancing)

Pledge Marking or

Proportion of Number of Freezing

Nature of Number of

Name of Shareholder Shareholding Restricted

Shareholder Shares Held Status

(%) Shares Held of Quantity

Share

Xiamen Xiangyu Group State-owned 217425988

1362930780 48.01 No 0

Corporation legal person

State-owned 178253119

China Merchants Group Limited 178253119 6.28 No 0

legal person

State-owned 178253119

Shandong Port Group Co. Ltd. 178253119 6.28 No 0

legal person

National Social Security Fund

Others 63895430 2.25 0 No 0

Portfolio 114

State-owned

Xiamen CCRE Group Co. Ltd. 50226994 1.77 0 No 0

legal person

China Agricultural Reclamation

Industry Development Fund Others 38649050 1.36 0 No 0

(L.P.)

CNI Free Cash Flow Index Others 34332544 1.21

Hong Kong Securities Clearing Overseas

32368108 1.14 0 No 0

Company Ltd. legal person

Xiangyu Real Estate Group Co. State-owned

30388100 1.07 0 No 0

Ltd. legal person

E Fund CSI Dividend ETF Others 18093439 0.64 0 No 0

Shareholding status of the top 10 unrestricted shareholders (excluding shares lent through refinancing)

Class and number of shares

Number of unrestricted outstanding shares

Name of Shareholder Class of Number

held

shares

RMB

Xiamen Xiangyu Group

1145504792 ordinary 1145504792

Corporation

shares

RMB

National Social Security Fund

63895430 ordinary 63895430

Portfolio 114

shares

RMB

Xiamen CCRE Group Co. Ltd. 50226994 ordinary 50226994

shares

China Agricultural Reclamation RMB

Industry Development Fund 38649050 ordinary 38649050

(L.P.) shares

RMB

CNI Free Cash Flow Index 34332544 ordinary 34332544

shares

RMB

Hong Kong Securities Clearing

32368108 ordinary 32368108

Company Ltd.shares

RMB

Xiangyu Real Estate Group Co.

30388100 ordinary 30388100

Ltd.shares

RMB

E Fund CSI Dividend ETF 18093439 ordinary 18093439

shares

Fullgoal New Value Equity RMB

Single Asset Management Plan 16331344 ordinary 16331344

(China Life Insurance Account) shares

RMB

Xiamen Guoying No.1

11522085 ordinary 11522085

Investment Development LP

shares

Xiangyu Real Estate Group Co. Ltd. is a wholly-owned subsidiary of Xiamen Xiangyu

Group Corporation. The Company is not aware that whether there is any association

Note to association or concerted

between the other aforesaid shareholders or whether the other aforesaid shareholders

action of aforesaid shareholdersare the person acting in concert as stipulated in the “Administration of the Takeover ofListed Companies Procedures”.Notes to participation on top 10

shareholders and top 10

unrestricted shareholders in Not applicable

securities margin trading and

refinancing business (if any)

Share lending status of shareholders holding more than 5% the top 10 shareholders and the

top 10 unrestricted circulating shareholders participating in refinancing.□Applicable √Not Applicable

The top 10 shareholders and the top 10 unrestricted circulating shareholders have changed

compared to the previous period due to lending/returning shares for refinancing.□Applicable √Not Applicable

III. Other reminders

Other important information on the Company’s operating conditions during the reporting period

that investors shall be reminded of

□Applicable √Not Applicable

IV. Quarterly financial statements

(1) Type of auditor’s opinions

□Applicable √Not Applicable

(2) Financial statements

Consolidated Balance Sheet

As at September 30 2026

Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited

Item September 30 2026 December 31 2025

Current assets:

Cash and cash equivalents 18432691446.23 19869475961.27

Deposit reservation for balance

Lending to Banks and Other Financial

Institutions

Held-for-trading financial assets 1989497224.07 1050118887.32

Derivative financial assets 2427815937.46 318412693.20

Notes receivable 829347634.85 883561541.66

Accounts receivable 17696073112.16 16184340302.02

Financing of receivables 624825267.72 407297760.99

Prepayments 20376636391.01 16838083914.69

Premiums receivable

Reinsurance accounts receivable

Provision of cession receivable

Other receivables 6469599992.65 8651386195.13

Including: Interests receivable

Dividends receivable 412042.98

Redemptory monetary capital for sale

Inventories 38727601047.73 31947330840.79

Including: data resources

Contract assets 1291472386.64 688846619.76

Held-for-sale assets

Non-current assets due within one year 269671177.74 6379963852.98

Other current assets 3723108381.54 5306936142.69

Total current assets 112858339999.80 108525754712.50

Non-current assets:

Loan and advance in cash

Investment in creditor’s right

Other investments in creditor’s right

Long-term receivables 41444012.46 36372747.88

Long-term equity investment 1884857686.86 1711344614.84

Investment in other equity instruments 60312790.86 258343483.90

Other non-current financial assets 102477954.95 35240084.32

Investment properties 1478571886.15 1549563397.95

Fixed assets 9919426444.70 10095345801.06

Construction in progress 714726291.73 188846985.94

Productive biological assets

Oil and gas assets

Right-of-use assets 843216102.21 493792533.31

Intangible assets 2118229085.31 2186416650.25

Including: data resources

Development expenditure 319386.79 322264.15

Including: data resources

Goodwill 12669186.90 12669186.90

Long-term unamortized expenses 146945530.50 143742019.36

Deferred income tax assets 3739159491.95 3099342742.14

Other non-current assets 58688470.78 359953198.20

Total non-current assets 21121044322.15 20171295710.20

Total assets 133979384321.95 128697050422.70

Current liabilities:

Short-term borrowing 18922719609.21 15948382250.49

Borrowings from central bank

Loans from other banks and other financial

institutions

Trading financial liabilities 147981969.82 27880112.47

Derivative financial liabilities 913155456.53 2840238743.04

Notes payable 32876771720.68 37633949631.13

Accounts payable 13808125674.25 11991532208.63

Account collected in advance 37634736.55 39557865.08

Contract liabilities 16043061025.15 12109801713.47

Financial assets sold for repurchase

Deposits from customers and interbank

Acting trading securities

Acting underwriting securities

Payroll payable 1245335134.92 1204123846.39

Taxes payable 735975280.19 792105075.93

Other payables 1551390758.37 1544652634.37

Including: Interests payable

Dividends payable 216267840.33 265979490.95

Handling charges and commissions

payable

Accounts payable for reinsurance

Held-for-sale liabilities

Non-current liabilities due within one year 1260918836.86 2338899534.11

Other current liabilities 3287219932.12 1363878704.27

Total current liabilities 90830290134.65 87835002319.38

Non-current liabilities:

Provision for insurance contracts

Long-term borrowings 1546236805.42 1604580589.61

Bonds payable

Including: Preferred shares

Perpetual bonds

Lease liabilities 426689563.64 329061368.74

Long-term payables 17966840.97

Long-term payroll payable 492343037.11 500361126.44

Estimated liabilities

Deferred income 237719841.41 259316911.80

Deferred income tax liabilities 62451268.68 83177375.01

Other non-current liabilities 15708290.42 12847111.13

Total non-current liabilities 2781148806.68 2807311323.70

Total liabilities 93611438941.33 90642313643.08

Owner’s equity (or shareholders’ equity):

Paid-up capital (or capital stock) 2839015539.00 2840589339.00

Other equity instruments 18470000000.00 16265000000.00

Including: Preferred shares

Perpetual bonds 18470000000.00 16265000000.00

Capital reserve 5476037681.93 5781882037.34

Less: Treasury stock 473759553.23 478387071.23

Other comprehensive income -372940486.27 89518952.72

Appropriative reserve 389296.10 959171.46

Surplus reserve 927814189.02 927814189.02

General risk reserve

Undistributed profits 7217309769.92 6226007231.15

Total owner’s equity (or shareholders’

34083866436.47 31653383849.46

equity) attributable to parent company

Minority equity 6284078944.15 6401352930.16

Total owner’s equity (or shareholders’

40367945380.62 38054736779.62

equity)

Total liabilities and owner’s equity (or

133979384321.95 128697050422.70

shareholders’ equity)

Person in charge of Company: Wu Jie Person in charge of financial affairs: Su Zhuquan

Leading member of accounting body: Zhan Chan

Consolidated Income Statement

January – September 2026

Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited

First Three Quarters (January – First Three Quarters (January

Item

September) of 2026 – September) of 2025

I. Total operating revenue 326252453517.67 316864716075.74

Including: Operating revenue 326252453517.67 316864716075.74

Interest income

Insurance premium earned

Handling charges and

commissions income

II. Total operating cost 322650550596.90 314812295164.67

Including: Operating cost 318302576421.75 310851681601.14

Interest expense

Handling charge and

commissions expense

Surrender value

Net payment of insurance

claims

Net provision in insurance

reserve

Policy dividend

Amortized reinsurance

expenditures

Taxes and surcharges 396056244.86 362262287.58

Selling expenses 1789948594.05 1567383597.35

Administrative expenses 1207630630.97 1063114907.50

Research & development

63819609.36 60794253.41

expense

Financial expense 890519095.91 907058517.69

Including: Interest expense 630800249.97 615447236.47

Interest income 144124791.57 367365970.49

Add: Other income 206903433.56 394098564.47

Income from investment

-576609908.35 78844174.50

(Loss to be filled in with “-”)

Including: Income from

investment in associated enterprise 227520782.38 154954625.61

and joint venture

Income from

derecognition of financial assets -7297309.21 -1767379.40

measured at amortized cost

Profit or loss on exchange

(Loss to be filled in with “-”)

Net profit on exposure

hedging (Loss to be filled in with “-”)

Income from change in fair

307981574.56 181905639.52

value (Loss to be filled in with “-”)

Loss on credit impairment

-261177903.06 -109897042.79

(Loss to be filled in with “-”)

Asset impairment loss (Loss

-694036322.65 -175808901.59

to be filled in with “-”)

Income from disposal of

22830296.91 -2051496.02

assets (Loss to be filled in with “-”)

III. Operating profit (Loss to be filled

2607794091.74 2419511849.16

in with “-”)

Add: Non-operating income 199173752.72 192776127.34

Less: Non-operating expense 130908250.72 64600824.71

IV. Total profits (Total losses to be

2676059593.74 2547687151.79

filled in with “-”)

Less: Income tax expense 265920055.82 443081763.43

V. Net profit (Net loss to be filled in

2410139537.92 2104605388.36

with “-”)

(I) Classified by sustainability operation

1. Net profit from sustainable

operation (Net loss to be filled in 2410139537.92 2104605388.36

with “-”)

2. Net profit from discontinued

operation (Net loss to be filled in

with “-”)

(II) Classified by attribution of ownership

1. Net profit attributable to the

shareholders of the parent company 1662632620.54 1633367547.82

(Net loss to be filled in with “-”)

2. Minority interest income

747506917.38 471237840.54

(Net loss to be filled in with “-”)

VI. Net-of-tax other comprehensive

-401375297.91 -44790895.77

income

(I) Net-of-tax other comprehensive

income attributable to the parent -375310553.93 -30874495.87

company

1. Other comprehensive income

that cannot be reclassified as profit -33574070.46 208442343.23

and loss

(1) Amount of changes in re-

measurement of defined benefit

plans

(2) Other comprehensive

income that cannot be transferred to

profit and loss under the equity

method

(3) Change in fair value of other

-33574070.46 208442343.23

investments in equity instruments

(4) Changes in fair value of

enterprise’s own credit risk

2. Other comprehensive income

to be reclassified as profit and -341736483.47 -239316839.10

income

(1) Other comprehensive

income that can be transferred to

-11882393.15 -7721234.73

profit and loss under the equity

method

(2) Changes in fair value of

other investments on bonds

(3) Amount of financial assets

reclassified and included in other

comprehensive income

(4) Provision for credit

impairment of other investments in

bonds

(5) Reserve for cash flow hedge 33957733.63 -136419147.58

(6) Translation difference of

foreign currency financial -363811823.95 -95176456.79

statements

(7) Others

(II) Net-of-tax other

comprehensive income attributable -26064743.98 -13916399.90

to the minority

VII. Total comprehensive income 2008764240.01 2059814492.59

(I) Total comprehensive income

attributable to the owners of the 1287322066.61 1602493051.95

parent company

(II) Total comprehensive income

721442173.40 457321440.64

attributable to the minority

VIII. Earnings per share:

(I) Basic earnings per share

0.44 0.49

(Yuan/share)

(II) Diluted earnings per share

0.44 0.49

(Yuan/share)

In case of the merger of enterprises under the same control occurring in the current period the

net profit realized by the merged party before the merger shall be RMB 0.00 and the net profit

realized by the merged party in the previous period shall be RMB 0.00.Person in charge of Company: Wu Jie Person in charge of financial affairs: Su Zhuquan

Leading member of accounting body: Zhan Chan

Consolidated Cash Flow Statement

January – September 2026

Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited

First Three Quarters First Three Quarters

Item (January – September) of (January – September) of

2026 2025

I. Cash flow from operating activities:

Cash receiving from sales of goods and

362013457407.39 344623904314.49

rendering of services

Net increase in customer deposit and

deposit from other banks

Net increase in borrowing from central

bank

Net increase in funds borrowed from other

financial institutions

Cash obtained by receipt of premiums from

original insurance contracts

Net cash received from reinsurance

business

Net increase in deposit of insured and

investment

Cash received from interests handling

charges and commissions

Net increase in loans from other banks and

other financial institutions

Net increase in funds for repurchase

business

Net cash received from acting trading

securities

Refund of tax received 817516903.84 1038385795.62

Other cash received in relation to operating

3453701067.78 3413913677.92

activities

Subtotal of cash inflow from operating

366284675379.01 349076203788.03

activities

Cash paid for goods and services 364473460836.19 333461951023.28

Net increase in customer loans and

advances

Net increase in deposit in the Central Bank

and other banks

Cash paid for claims under the original

insurance contract

Net increase in lending to banks and other

financial institutions

Cash paid for interest handling charges

and commissions

Cash paid for policy dividend

Cash paid to and for the employees 2153953048.71 1881612770.96

Taxes paid 2426023532.30 2161289496.76

Other cash paid in relation to operating

3138670064.47 4447752134.88

activities

Subtotal of cash outflow from operating

372192107481.67 341952605425.88

activities

Net cash flow from operating activities -5907432102.66 7123598362.15

II. Cash flow from investment activities

Cash receiving from investment withdrawal 11339250945.21 5812398209.84

Cash receiving from return on investment 67157744.32 81421478.31

Net amount of cash receiving from disposal

of fixed assets intangible assets and other 138591890.45 162203491.13

long-term assets

Net amount of cash receiving from disposal

of subsidiary and other business unit

Other cash receiving related to investment

activities

Subtotal of cash inflow from investment

11545000579.98 6056023179.28

activities

Cash paid to acquire fixed assets

738528426.58 814011326.10

intangible assets and other long-term assets

Cash paid to acquire investment 4378400585.64 6070265187.44

Net increase in pledge loan

Net amount of cash paid to acquire

subsidiary and other business unit

Other cash paid related to investment

7730972.29

activities

Subtotal of cash outflow from investment

5124659984.51 6884276513.54

activities

Net cash flow from investment

6420340595.47 -828253334.26

activities

III. Cash flow from financing activities:

Cash received from investment by others 7077644857.90 11844524887.55

Including: Cash received from subsidiary

77644857.90 496164300.00

investments from minority shareholders

Cash receiving from borrowings 55137118150.79 59897524666.04

Other cash receiving related to financing

837769775.41 2050838146.10

activities

Subtotal of cash inflow from financing

63052532784.10 73792887699.69

activities

Cash paid for repayment of debt 53188460240.77 65083126338.61

Cash paid for distribution of dividend profit

1540475667.74 2054837783.19

or payment of interest

Including: Dividend and profit paid by

361139491.30 349303095.48

subsidiary to minority shareholders

Other cash paid relating to financing

6376502430.01 11093187033.35

activities

Subtotal of cash outflow from financing

61105438338.52 78231151155.15

activities

Net cash flow from financing activities 1947094445.58 -4438263455.46

IV. Effect of exchange rate changes on

-211088758.79 -95205252.29

cash and cash equivalents

V. Net increase in cash and cash

2248914179.60 1761876320.14

equivalents

Add: Beginning balance of cash and cash

15885278448.08 16686493830.09

equivalents

VI. Ending balance of cash and cash

18134192627.68 18448370150.23

equivalents

Person in charge of Company: Wu Jie Person in charge of financial affairs: Su Zhuquan

Leading member of accounting body: Zhan Chan

The implementation of new accounting standards or the new interpretations to the accounting

standards since 2026 involves the adjustment of the financial statements at the beginning of

the year when they are implemented for the first time.□Applicable √Not Applicable

It is hereby announced.The Board of Directors of Xiamen Xiangyu Co. Ltd.October 29 2026