Securities Code:002001 Securities Abbr:NHU

Zhejiang NHU Company Ltd.Q3 2025 Report

The Company and whole members of the BOD guarantee that the information disclosed is

authentic accurate complete and free from any false records misleading statements or significant

omissions.Important Content Reminder:

1. The Board of Directors Board of Supervisors directors supervisors and senior executives of

Zhejiang NHU Company Ltd. (hereinafter referred to as the “Company”) hereby guarantee that

the information presented in this report is authentic accurate complete and free of any false

records misleading statements or material omissions and they will bear joint and several

liabilities for such information.

2. The Company’s legal representative the person in charge of finance and accounting work and

the person in charge of accounting institution (Accounting Officer) hereby declare and warrant

that the financial statements in this report are authentic accurate and complete.

3. Whether the Third Quarterly Report has been audited or not

□ Yes √ No

Note:

This Report has been prepared in both Chinese and English version and the English version is for

reference only. Should there be any discrepancies or misunderstandings between the two versions

the Chinese versions shall prevail. The complete published Chinese Third Quarterly Report may

be obtained at www.cninfo.com.cn.

1Securities Code:002001 Securities Abbr:NHU

Section Ⅰ Key Accounting Data

Ⅰ Key Accounting Data and Financial Indicators

Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not

□ Yes √ No

Items Q3 2025 YoY Change(%) Q1-Q3 2025 YoY Change(%)

Operating revenue (yuan) 5541468928.14 -6.66% 16642101764.92 5.45%

Net profit attributable to

shareholders of listed 1717397711.55 -3.80% 5320721690.71 33.37%

company (yuan)

Net profit attributable to

shareholders of listed

1654407973.04-4.08%5332970513.6037.37%

company after deducting non-

recurring profit or loss (yuan)

Net cash flows from operating

——5642188919.2523.28%

activities (yuan)

Basic EPS (yuan/share) 0.56 -3.45% 1.73 34.11%

Diluted EPS (yuan/share) 0.56 -3.45% 1.73 34.11%

Decrease 1.19 Increase 2.10

Weighted average ROE 5.45% 17.32%

percentage points percentage points

Items September 30 2025 December 31 2024 Change(%)

Total assets (yuan) 45093962982.74 42989132470.97 4.90%

Net assets attributable to

shareholders of listed 32202980917.62 29324997728.95 9.81%

company (yuan)

II Non-recurring gains and losses for this period

√ Applicable □ Not applicable

Unit: RMB

Item Q3 2025 Q1-Q3 2025

Gains or losses on disposal of non-current assets including write-off of -2005386.27 -3587525.96

provision for impairment

Government grants included in profit or loss (excluding those closely related to

operating activities of the Company satisfying government policies and 26974759.03 80275899.54

regulations and continuously enjoyed with certain quantity or quota based on

certain standards)

Gains or losses on changes in fair value of held-for-trading financial assets and

held-for-trading financial liabilities and investment income from disposal of 29307362.58 -97424973.49

held-for-trading financial assets and held-for-trading financial liabilities

excluding those arising from hedging business related to operating activities

Gains or losses on assets consigned to the third party for investment or 11473733.69 19658731.97

management

Other non-operating revenue or expenditures 1005129.31 -774974.03

2Securities Code:002001 Securities Abbr:NHU

Less: Enterprise income tax affected 3456271.87 10154901.87

Non-controlling interest affected (after tax) 309587.96 241079.05

Total 62989738.51 -12248822.89

Remarks on other profit or loss satisfying the definition of non-recurring profit or loss:

□ Applicable √ Not Applicable

The Company has no other profit or loss satisfying the definition of non-recurring profit or loss.Remarks on defining non-recurring profit or loss listed in the “Interpretation Pronouncement on Information Disclosure Criteria forPublic Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss.□ Applicable √ Not ApplicableThe Company has no situation of defining non-recurring profit or loss listed in the “Interpretation Pronouncement on InformationDisclosure Criteria for Public Companies No. 1 – Non-Recurring Profit or Loss” as recurring profit or loss

III Major Changes of Main Items in Financial Statements and Financial Indicators within the Reporting

Period as well as the Reasons for the Changes

√ Applicable □Not applicable

1.Balance Sheet Position

(1) The closing balance of Held-for-trading financial assets increased by 264509.38% compared to the opening balance in this

year. It was mainly due to the increase in the purchase of bank financial products during the reporting period.

(2) The closing balance of Other receivables increased by 44.56% compared to the opening balance in this year. It was mainly due

to the increase in compensation receivable for land during the reporting period.

(3) The closing balance of Other current assets increased by 37.50% compared to the opening balance in this year. It was mainly

due to the increase in value-added tax to be deducted during the reporting period.

(4) The closing balance of Long-term prepayments decreased by 30.89% compared to the opening balance in this year. It was

mainly due to the increase in amortization expenses during the reporting period.

(5) The closing balance of Deferred tax assets increased by 121.90% compared to the opening balance in this year. It was mainly

due to the increase in the asset impairment provision during the reporting period.

(6) The closing balance of Other non-current assets increased by 468.92% compared to the opening balance in this year. It was

mainly due to the increase in prepayments for equipment for project construction during the reporting period.

(7) The closing balance of Held-for-trading financial liabilities decreased by 42.91% compared to the opening balance in this year.

It was mainly due to the exchange rate fluctuations in forward exchange contracts during the reporting period.

3Securities Code:002001 Securities Abbr:NHU

(8) The closing balance of Non-current liabilities due within one year? increased by 66.41% compared to the opening balance in

this year. It was mainly due to the reclassification of long-term borrowings due within one year during the reporting period.

(9) The closing balance of Long-term borrowings decreased by 32.89% compared to the opening balance in this year. It was

mainly due to the transfer of the portion due within one year to current liabilities during the reporting period.

(10) The closing balance of Special reserve increased by 47.82% compared to the opening balance in this year. It was mainly due

to the increase in the provision for production safety expenses during the reporting period.

2. Income Statement Position

(1) Financial expenses in the current Q1-Q3 period decreased by 192.68% compared to the same period of last year. It was mainly

due to the increase in foreign exchange gains in the current Q1-Q3 period.

(2) Investment income in the current Q1-Q3 period increased by 81.63% compared to the same period of last year. It was mainly

due to the improved performance of its associates in the current Q1-Q3 period.

(3) Gains on changes in fair value in the current Q1-Q3 period decreased by 11489.32% compared to the same period of last year.

It was mainly due to the decreased in fair value as a result of exchange rate fluctuations in the current Q1-Q3 period.

(4) Credit impairment loss in fair value in the current Q1-Q3 period decreased by 131.28% compared to the same period of last

year. It was mainly due to the decrease in credit impairment losses provided for changes in accounts receivable in the current Q1-

Q3 period.

(5) Assets impairment loss in fair value in the current Q1-Q3 period increased by 191.13% compared to the same period of last

year. It was mainly due to the increase in impairment losses on assets due to fluctuations in market prices of products in the current

Q1-Q3 period.

(6) Non-operating income in the current Q1-Q3 period decreased by 47.75% compared to the same period of last year. It was

mainly due to the decrease in compensation income in the current Q1-Q3 period.

(7) Non-operating expenditures in fair value in the current Q1-Q3 period increased by 48.23% compared to the same period of last

year. It was mainly due to the increase in the scrapping of fixed assets in the current Q1-Q3 period.

3. Cash Flow Statement Position

(1) Net cash flows from investing activities in the current Q1-Q3 period decreased by 61.66% compared to the same period of last

year. It was mainly due to the increase in expenditure on the purchase bank financial products in the current Q1-Q3 period.

(2) Net cash flows from financing activities in the current Q1-Q3 period decreased by 70.47% compared to the same period of last

year. It was mainly due to the increase in dividend payments in the current Q1-Q3 period.

4Securities Code:002001 Securities Abbr:NHU

SectionⅡ Shareholders Information

Ⅰ Total Number of Common Shareholders and Number of Preferred Shareholders with Voting Rights

Recovered and Information about Top 10 Shareholders

Unit: share

Total Number of Ordinary Shareholders at the End Total Number of Shareholders with Restored

of the Reporting Period 82471 Voting Rights for Preferred Shares at the End of 0the Reporting Period (if any)

Shareholding of the Top 10 Shareholders (Excluding Shares Lent through Securities Lending)

Number of Pledge Marking or

Shareholder Name Shareholder Percenta Number of Shares

Shares Freezing Status

Type ge Held Subject toSale Status Quantity

Restrictions

Domestic non-

NHU Holding Group Co. Ltd. state-owned 50.08% 1539232431 0 N/A 0

legal person

Hong Kong Securities Clearing Overseas legal

Company Limited person 6.03% 185233723 0 N/A 0

Shanghai Chongyang Strategic

Investment Co. Ltd.－ Others 0.88% 26930663 0 N/A 0

Chongyang Strategic Huizhi

Fund

Industrial and Commercial Bank

of China Limited - Huatai-

PineBridge CSI 300 Exchange Others 0.85% 26117241 0 N/A 0

Traded Fund

National Social Security Fund Others 0.81% 25000000 0 N/A 0

No.503 Portfolio

China Construction Bank

Corporation - E Fund Shanghai

and Shenzhen 300 Medical and Others 0.63% 19256682 0 N/A 0

Health Trading Open-end Index

Fund

Shanghai Chongyang Strategic

Investment Co. Ltd.－ Others 0.62% 19150780 0 N/A 0

Chongyang Strategic Caizhi

Fund

China Construction Bank

Corporation - E Fund CSI 300 Others 0.62% 18913931 0 N/A 0

Exchange Traded Fund

Shanghai Chongyang Strategic

Investment Co. Ltd.－ Others 0.49% 15096694 0 N/A 0

Chongyang Strategic Juzhi Fund

Hu Baishan DomesticNatural Person 0.47% 14595929 10946947 N/A 0

Shareholding of the Top 10 Shareholders with Unlimited Sale Conditions Shares (Excluding Shares Lent through Securities

Lending and Shares Locked for Senior Executives)

Number of Unlimited Sale Type and Quantity of SharesShareholder Name Condition Shares Held Type Quantity

NHU Holding Group Co. Ltd. 1539232431 RMB ordinaryshares 1539232431

Hong Kong Securities Clearing Company Limited 185233723 RMB ordinaryshares 185233723

Shanghai Chongyang Strategic Investment Co. 26930663 RMB ordinary 26930663

5Securities Code:002001 Securities Abbr:NHU

Ltd.－ Chongyang Strategic Huizhi Fund shares

Industrial and Commercial Bank of China Limited

- Huatai-PineBridge CSI 300 Exchange Traded 26117241 RMB ordinaryshares 26117241Fund

National Social Security Fund No.503 Portfolio 25000000 RMB ordinaryshares 25000000

China Construction Bank Corporation - E Fund

Shanghai and Shenzhen 300 Medical and Health 19256682 RMB ordinaryshares 19256682

Trading Open-end Index Fund

Shanghai Chongyang Strategic Investment Co. 19150780 RMB ordinaryshares 19150780Ltd.－ Chongyang Strategic Caizhi Fund

China Construction Bank Corporation - E Fund

CSI 300 Exchange Traded Fund 18913931

RMB ordinary

shares 18913931

Shanghai Chongyang Strategic Investment Co. 15096694 RMB ordinaryshares 15096694Ltd.－ Chongyang Strategic Juzhi Fund

Industrial and Commercial Bank of China Limited RMB ordinary

- ChinaAMC CSI 300 Exchange Traded Fund 14113485 shares 14113485

Hu Baishan is a director of NHU Holding Group Co. Ltd. The Company is

Explanation of the Relationship or Acting in not aware of whether any relationships exist between other shareholders or

Concert among the Above Shareholders if they constitute persons acting in concert as defined in the Measures for

the Administration of the Takeover of Listed Companies.Shanghai Chongyang Strategy Investment Co. Ltd. - Chongyang Strategy

Huizhi Fund holds 26930563shares through the customer credit trading

collateral securities account of Guotai Haitong Securities Co. Ltd.;

Explanation of the Involvement of the Top 10 Shanghai Chongyang Strategy Investment Co. Ltd. - Chongyang Strategy

Shareholders in Margin Lending and Securities Caizhi Fund holds 19150780 shares through the customer credit trading

Lending Business (if any) collateral securities account of China Merchants Securities Co. Ltd.;

Shanghai Chongyang Strategy Investment Co. Ltd. - Chongyang Strategy

Juzhi Fund holds 15096694 shares through the customer credit trading

collateral securities account of China Merchants Securities Co. Ltd.Note:Company's Special Securities Account for Repurchase was among the Company's top 10 shareholders at the end of the

reporting period but is not listed in the top 10 shareholders.Participation of Shareholders Holding 5% or More Top 10 Shareholders and Top 10 Shareholders of Unlimited Sale Condition

Circulating Shares in Securities Lending Business through Lending Shares

□ Applicable √Not Applicable

Changes in the Top 10 Shareholders and Top 10 Shareholders of Unlimited Sale Condition Circulating Shares Compared to the

Previous Period Due to Securities Lending/Return Transactions

□ Applicable √ Not Applicable

II Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders

□Applicable √Not applicable

6Securities Code:002001 Securities Abbr:NHU

Section III Other Significant Events

√Applicable □Not applicable

I Progress on Share Repurchase

The Company's Ninth Board of Directors' Eleventh Meeting held on April 11 2025，reviewed and approved the "Proposal on the

Company's Share Repurchase Plan" agreeing that the Company use its own funds or special repurchase loans to repurchase a

portion of the Company's publicly held shares through centralized bidding transactions for the purpose of implementing equity

incentive plans or employee stock ownership plans.The total repurchase amount is planned to be between RMB 300 million and

600 million with a repurchase price not exceeding RMB 32 per share. The specific number of shares repurchased and the

proportion of the total share capital will be based on the actual number repurchased upon expiration of the repurchase period.The

Company implemented its 2024 annual profit distribution on May 21 2025 adjusting the repurchase price from not exceeding

RMB 32 per share to not exceeding 31.5 per share. The implementation period for this share repurchase is no more than 12 months

from the date the Company's Board of Directors reviewed and approved the share repurchase plan. As of September 30 2025 the

Company had repurchased its shares through the dedicated securities account for share repurchase via centralized bidding

transactions. The number of shares repurchased was 14815692 representing 0.4820% of the Company's total share capital. The

highest transaction price was 23.87 yuan per share the lowest transaction price was 21.25 yuan per share and the total transaction

amount was 321411966.15 yuan (excluding transaction fees). This repurchase complies with the Company's established share

repurchase plan and relevant laws and regulations. For details please refer to the "Announcement on the Progress of the

Company's Share Repurchase" (2025-045) published by the Company on the designated information disclosure media and on the

CNINFO website (http://www.cninfo.com.cn).II Application for Registration and Issuance of Debt Financing Instruments

The proposal regarding the application for registration and issuance of debt financing instruments was reviewed and approved at

the 14th Session of the Ninth Board of Directors of the Company held on August 26 2025 and the Second Extraordinary General

Meeting of Shareholders of 2025 held on September 12 2025. To meet the funding needs for the Company's rapid development

optimize the financing structure and reduce financing costs the Company plans to apply to the National Association of Financial

Market Institutional Investors (NAFMII) for the registration and issuance of non-financial enterprise debt financing instruments

with a total value not exceeding RMB 3 billion (including 3 billion). The types of instruments to be issued may include medium-

term notes (with a term not exceeding 3 years) short-term financing bills (with a term not exceeding 1 year) and super short-term

commercial paper (with a term not exceeding 270 days) and they may be issued in tranches. The funds raised from this issuance

are planned to be used for the Company's production and operational activities including but not limited to project construction in

technological innovation fields R&D investment repayment of interest-bearing liabilities and replenishing working capital. This

issuance is subject to the approval and registration by NAFMII with a validity period of 24 months from the date of the "Notice of

Acceptance of Registration." For details please refer to the "Announcement on the Application for Registration and Issuance of

Debt Financing Instruments" (2025-041) published by the Company on the designated information disclosure media and on the

CNINFO website (http://www.cninfo.com.cn).III 2025 Interim Profit Distribution

The "2025 Interim Profit Distribution Plan" was reviewed and approved at the 14th Session of the Ninth Board of Directors held

on August 26 2025 and the 2025 Second Extraordinary General Meeting of Shareholders held on September 12 2025. 2025

7Securities Code:002001 Securities Abbr:NHU

Interim Profit Distribution Plan: Taking 3059121988 shares [Note] calculated based on the total share capital of 3073421680

shares as of July 31 2025 excluding 14299692 repurchased shares as the base the Company will distribute a cash dividend of

RMB 2.00 (including tax) per 10 shares to all shareholders. No bonus shares will be issued (including tax) and no conversion

from capital reserve to share capital will be performed. The total cash distributed will be 611824397.60 yuan and the remaining

profits available for distribution will be carried forward to the following year.[Note]: As of July 31 2025 the Company's total share capital was 3073421680 shares including 14299692 repurchased shares.According to the Rules for Share Repurchases by Listed Companies shares in the listed company's special repurchase account are

not entitled to profit distribution or capital reserve conversion to share capital.If the Company's total share capital changes before the implementation of the distribution plan due to reasons such as the

conversion of convertible bonds share repurchases the exercise of rights under equity incentive plans or the listing of new shares

from refinancing the total distribution amount will be adjusted correspondingly based on the principle of maintaining an

unchanged distribution ratio.The 2025 interim profit distribution was completed on October 20 2025. For details please refer to the "Announcement on the

Implementation of the 2025 Interim Profit Distribution" (2025-046) published by the Company on the designated information

disclosure media and the CNINFO website.

8Securities Code:002001 Securities Abbr:NHU

Section Ⅳ Quarterly Financial Statements

Ⅰ Financial statements

1. Consolidated balance sheet

Prepared by Zhejiang NHU Co. Ltd.September 30 2025

Unit: RMB Yuan

Items September 30 2025 January 1 2025

Current assets:

Cash and bank balances 8082687914.48 7936504805.65

Settlement funds

Loans to other banks

Held-for-trading financial assets 1973500000.00 745816.34

Derivative financial assets

Notes receivable 293735551.11 292562093.90

Accounts receivable 3324635191.79 3653676104.37

Receivables financing 606050719.51 523913135.22

Advances paid 190306029.89 163216512.08

Premiums receivable

Reinsurance accounts receivable

Reinsurance reserve receivable

Other receivables 325995510.22 225516143.49

Including: Interest receivable

Dividend receivable

Financial assets under reverse repo

Inventories 4514388372.66 4090096841.96

Including: Data resources

Contract assets

Assets held for sale

Non-current assets due within one

year

Other current assets 49458742.82 35969632.09

Total current assets 19360758032.48 16922201085.10

Non-current assets:

Loans and advances

9Securities Code:002001 Securities Abbr:NHU

Items September 30 2025 January 1 2025

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 904797044.21 865262148.36

Other equity instrument investments 17790147.55 19498147.55

Other non-current financial assets

Investment property

Fixed assets 20673616930.45 21915984823.43

Construction in progress 647339302.58 571610643.68

Productive biological assets

Oil & gas assets

Right-of-use assets 10259663.45 13222869.09

Intangible assets 2539887964.92 2482899966.19

Including: Data resources

Development expenditures

Including: Data resources

Goodwill 3622704.97 3622704.97

Long-term prepayments 22847031.64 33059580.89

Deferred tax assets 4673328.54 2106046.31

Other non-current assets 908370831.95 159664455.40

Total non-current assets 25733204950.26 26066931385.87

Total assets 45093962982.74 42989132470.97

Current liabilities:

Short-term borrowings 891964162.60 1162512239.04

Central bank loans

Loans from other banks

Held-for-trading financial liabilities 6366499.86 11151258.46

Derivative financial liabilities

Notes payable 113495660.20 159164822.28

Accounts payable 1452067745.39 1685979157.55

Advances received

Contract liabilities 270673598.40 237013669.77

Financial liabilities under repo

10Securities Code:002001 Securities Abbr:NHU

Items September 30 2025 January 1 2025

Absorbing deposit and interbank

deposit

Deposit for agency security

transaction

Deposit for agency security

underwriting

Employee benefits payable 375211225.51 473107111.45

Taxes and rates payable 599456481.64 538903915.30

Other payables 101150316.79 122424090.50

Including: Interest payable

Dividend payable

Handling fee and commission

payable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within one 4102677827.66 2465378913.94

year

Other current liabilities 41227688.04 53564334.90

Total current liabilities 7954291206.09 6909199513.19

Non-current liabilities:

Insurance policy reserve

Long-term borrowings 3574930881.16 5327243721.25

Bonds payable

Including: Preferred shares

Perpetual bonds

Lease liabilities 2612660.40 3584791.02

Long-term payables

Long-term employee benefits

payable

Provisions

Deferred income 937401393.34 1025834591.04

Deferred tax liabilities 268130463.65 277719591.54

Other non-current liabilities

Total non-current liabilities 4783075398.55 6634382694.85

Total liabilities 12737366604.64 13543582208.04

Equity:

Share capital 3073421680.00 3073421680.00

Other equity instruments

11Securities Code:002001 Securities Abbr:NHU

Items September 30 2025 January 1 2025

Including: Preferred shares

Perpetual bonds

Capital reserve 3132531649.49 3132519968.42

Less: Treasury shares 321433003.38

Other comprehensive income 70102067.44 91513343.50

Special reserve 157204287.24 106348864.91

Surplus reserve 1545453678.00 1545453678.00

General risk reserve

Undistributed profit 24545700558.83 21375740194.12

Total equity attributable to the parent 32202980917.62 29324997728.95

company

Non-controlling interest 153615460.48 120552533.98

Total equity 32356596378.10 29445550262.93

Total liabilities & equity 45093962982.74 42989132470.97

Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: Liu Fanglu

2. Consolidated income statement for Q1-Q3

Unit: RMB Yuan

Items Q1~Q3 2025 Q1~Q3 2024

I. Total operating revenue 16642101764.92 15781739446.23

Including: Operating revenue 16642101764.92 15781739446.23

Interest income

Premiums earned

Revenue from handling charges and commission

II. Total operating cost 10521382709.20 11168127903.08

Including: Operating cost 9061993897.74 9542295372.45

Interest expenses

Handling charges and commission expenditures

Surrender value

Net payment of insurance claims

Net provision of insurance policy reserve

Premium bonus expenditures

Reinsurance expenses

Taxes and surcharges 196595837.25 160042208.27

12Securities Code:002001 Securities Abbr:NHU

Items Q1~Q3 2025 Q1~Q3 2024

Selling expenses 125918576.73 134660406.09

Administrative expenses 460721586.78 448966347.67

R&D expenses 798468927.21 750191079.58

Financial expenses -122316116.51 131972489.02

Including: Interest expenses 161299501.81 207500271.37

Interest income 56852548.36 88226976.49

Add: Other income 184244312.75 204181592.96

Investment income (or less: losses) 76855004.79 42313966.93

Including: Investment income from associates and 61001722.50 19759145.86

joint ventures

Gains from derecognition of financial

assets at amortized cost

Gains on foreign exchange (or less: losses)

Gains on net exposure to hedging risk (or less: losses)

Gains on changes in fair value (or less: losses) -88344579.28 775679.12

Credit impairment loss 19661569.24 -62852250.50

Assets impairment loss -59395217.60 -20401891.12

Gains on asset disposal (or less: losses) -1695485.83 -1819619.21

III. Operating profit (or less: losses) 6252044659.79 4775809021.33

Add: Non-operating revenue 2528959.80 4840258.61

Less: Non-operating expenditures 10311169.44 6956098.91

IV. Profit before tax (or less: total loss) 6244262450.15 4773693181.03

Less: Income tax 890058372.03 765133595.85

V. Net profit (or less: net loss) 5354204078.12 4008559585.18

(I) Categorized by the continuity of operations

1. Net profit from continuing operations (or less: net loss) 5354204078.12 4008559585.18

2. Net profit from discontinued operations (or less: net loss)

(II) Categorized by the portion of equity ownership

1. Net profit attributable to owners of parent company 5320721690.71 3989518788.01

2. Net profit attributable to non-controlling shareholders 33482387.41 19040797.17

VI. Other comprehensive income after tax -21830736.97 6453823.71

Items attributable to the owners of the parent company -21411276.06 7429260.78

(I) Not to be reclassified subsequently to profit or loss

1. Changes in remeasurement on the net defined benefit

plan

13Securities Code:002001 Securities Abbr:NHU

Items Q1~Q3 2025 Q1~Q3 2024

2. Items under equity method that will not be reclassified

to profit or loss

3. Changes in fair value of other equity instrument

investments

4. Changes in fair value of own credit risk

5. Others

(II) To be reclassified subsequently to profit or loss -21411276.06 7429260.78

1. Items under equity method that may be reclassified to

profit or loss

2. Changes in fair value of other debt investments

3. Profit or loss from reclassification of financial assets

into other comprehensive income

4. Provision for credit impairment of other debt

investments

5. Cash flow hedging reserve

6. Translation reserve -21411276.06 7429260.78

7. Others

Items attributable to non-controlling shareholders -419460.91 -975437.07

VII. Total comprehensive income 5332373341.15 4015013408.89

Items attributable to the owners of the parent company 5299310414.65 3996948048.79

Items attributable to non-controlling shareholders 33062926.50 18065360.10

VIII. Earnings per share (EPS):

(I) Basic EPS (yuan per share) 1.73 1.29

(II) Diluted EPS (yuan per share) 1.73 1.29

Net profit realized by the combined party in business combination under common control before the business combination in the

current period was 0.00 yuan and net profit realized by the combined party in the previous period was 0.00 yuan.Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: Liu Fanglu

3.Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB Yuan

Items Q1~Q3 2025 Q1~Q3 2024

I. Cash flows from operating activities:

Cash receipts from sale of goods or rendering of services 16507712441.00 14208584079.52

Net increase of client deposit and interbank deposit

Net increase of central bank loans

Net increase of loans from other financial institutions

Cash receipts from original insurance contract premium

14Securities Code:002001 Securities Abbr:NHU

Items Q1~Q3 2025 Q1~Q3 2024

Net cash receipts from reinsurance

Net increase of policy-holder deposit and investment

Cash receipts from interest handling charges and commission

Net increase of loans from others

Net increase of repurchase

Net cash receipts from agency security transaction

Receipts of tax refund 634061312.52 504347584.09

Other cash receipts related to operating activities 139317800.55 240289766.80

Subtotal of cash inflows from operating activities 17281091554.07 14953221430.41

Cash payments for goods purchased and services received 7702336645.29 7336303377.94

Net increase of loans and advances to clients

Net increase of central bank deposit and interbank deposit

Cash payments for insurance indemnities of original insurance

contracts

Net increase of loans to others

Cash payments for interest handling charges and commission

Cash payments for policy bonus

Cash paid to and on behalf of employees 1712309479.25 1617381639.35

Cash payments for taxes and rates 1753724774.08 1122310348.10

Other cash payments related to operating activities 470531736.20 300495584.59

Subtotal of cash outflows from operating activities 11638902634.82 10376490949.98

Net cash flows from operating activities 5642188919.25 4576730480.43

II. Cash flows from investing activities:

Cash receipts from withdrawal of investments 1708000.00 1000000.00

Cash receipts from investment income 51459962.72 16201616.44

Net cash receipts from the disposal of fixed assets intangible 216700.00 168096.15

assets and other long-term assets

Net cash receipts from the disposal of subsidiaries & other 80930328.36

business units

Other cash receipts related to investing activities 2150000000.00 145000000.00

Subtotal of cash inflows from investing activities 2203384662.72 243300040.95

Cash payments for the acquisition of fixed assets intangible 1455104482.79 1094155338.30

assets and other long-term assets

Cash payments for investments 155675400.17

Net increase of pledged borrowings

Net cash payments for the acquisition of subsidiaries & other

business units

15Securities Code:002001 Securities Abbr:NHU

Items Q1~Q3 2025 Q1~Q3 2024

Other cash payments related to investing activities 2375450000.00

Subtotal of cash outflows from investing activities 3830554482.79 1249830738.47

Net cash flows from investing activities -1627169820.07 -1006530697.52

III. Cash flows from financing activities:

Cash receipts from absorbing investments 1937026.75

Including: Cash received by subsidiaries from non- 1937026.75

controlling shareholders as investments

Cash receipts from borrowings 2257904273.76 3650675987.22

Other cash receipts related to financing activities

Subtotal of cash inflows from financing activities 2257904273.76 3652613013.97

Cash payments for the repayment of borrowings 1755560300.27 3325398021.09

Cash payments for distribution of dividends or profits and for 2323096742.28 1582572282.67

interest expenses

Including: Cash paid by subsidiaries to non-controlling

shareholders as dividend or profit

Other cash payments related to financing activities 321956171.67 1574805.01

Subtotal of cash outflows from financing activities 4400613214.22 4909545108.77

Net cash flows from financing activities -2142708940.46 -1256932094.80

IV. Effect of foreign exchange rate changes on cash & cash 31133576.05 83273351.20

equivalents

V. Net increase in cash and cash equivalents 1903443734.77 2396541039.31

Add: Opening balance of cash and cash equivalents 5521452666.47 4446570415.30

VI. Closing balance of cash and cash equivalents 7424896401.24 6843111454.61

Legal representative: Hu Baifan Officer in charge of accounting: Shi Guanqun Head of accounting department: Liu Fanglu

II Adjustments to financial statements at the beginning of the year of first implementation of new

accounting standards for the first time from 2025 onwards

□Applicable √ Not applicable

III Independent Auditor’s Report

Whether the financial statements above have been audited by an independent auditor.□Yes √ No

These financial statements have not been audited by such an auditor.Board of Directors of Zhejiang NHU Company Ltd

October 292025

16