Zhejiang NHU Company Ltd.Q3 2026 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 directors 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

This Third Quarterly Report is an English translation of the Chinese version of the Third Quarterly Report. In case the

English version does not conform to the Chinese version the Chinese version prevails.SectionⅠ 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 2026 YoY Change(%) Q1-Q3 2026 YoY Change(%)

Operating revenue

(yuan) 6102032952.63 10.12% 19231333213.52 15.56%

Net profit attributable to

shareholders of listed 1857010823.43 8.13% 5867744277.98 10.28%

company (yuan)

Net profit attributable to

shareholders of listed

company after deducting 1796578194.25 8.59% 5715514757.97 7.17%

non-recurring profit or

loss (yuan)

Net cash flows from

operating activities — — 5227614698.17 -7.35%

(yuan)

Basic EPS (yuan/share) 0.60 7.14% 1.90 9.83%

Diluted EPS

(yuan/share) 0.60 7.14% 1.90 9.83%

Weighted average ROE 5.33% Decrease 0.12 Decrease 0.60percentage points 16.72% percentage points

Items September 30 2026 December 31 2025 Change(%)

Total assets (yuan) 49258662771.37 45606449805.48 8.01%

Net assets attributable to

shareholders of listed 36548803725.76 32805654181.90 11.41%

company (yuan)

II. Non-recurring gains and losses for this period

√ Applicable □ Not applicable

Unit: RMB

Items Q3 2026 Q1-Q3 2026

Gains or losses on disposal of non-current

assets including write-off of provision for 3489749.05 -31816784.65

impairment

Government grants included in profit or loss

(excluding those closely related to operating 9989575.39 47814329.64

activities of the Company satisfying

Items Q3 2026 Q1-Q3 2026

government policies and 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 held-for-trading 51782760.68 153088793.76

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 management 6404749.61 23007162.01

Other non-operating revenue or expenditures -645427.77 -8954489.16

Less: Enterprise income tax affected 10575259.86 30717417.11

Non-controlling interest affected (after

tax) 13517.92 192074.48

Total 60432629.18 152229520.01

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 37.91% 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 Receivables financing decreased by 45.49% compared to the opening balance in this year. It was mainly

due to the decrease in bank acceptance bills held by the Company during the reporting period.

(3) The closing balance of Prepayments increased by 111.92% compared to the opening balance in this year. It was mainly due to

the increase in prepayments for raw materials.(4) The closing balance of Other current assets increased by 143.08% 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.

(5) The closing balance of Other equity instrument investment decreased by 56.18% compared to the opening balance in this year.

It was mainly due to the combined impact of the decline in the valuation of the investment portfolio held by the invested company

from the beginning of the year to the reporting period and dividends received from such investment during the reporting period.

(6) The closing balance of Construction in progress increased by 124.16% compared to the opening balance in this year. It was

mainly due to the increase in capital expenditure on construction in progress during the reporting period.

(7) The closing balance of Intangible assets increased by 39.08% compared to the opening balance in this year. It was mainly due

to the increase in purchases of land use rights during the reporting period.

(8) The closing balance of Deferred tax assets increased by 89.65% compared to the opening balance in this year. It was mainly

due to the increase in deferred income tax recognised as a result of higher credit impairment losses during the reporting period.

(9) The closing balance of Short-term borrowings increased by 56.32% compared to the opening balance in this year. It was

mainly due to the increase in short-term credit borrowings during the reporting period.

(10) The closing balance of Held-for-trading financial liabilities increased by 100.00% compared to the opening balance in this

year. It was mainly due to the fair value changes of forward financial products held and the fair value changes of the undelivered

portion of raw material futures during the reporting period.

(11) The closing balance of Other payables decreased by 37.29% compared to the opening balance in this year.It was mainly due

to the reduction in accrued expenses payable during the reporting period.

(12) The closing balance of Non-current liabilities due within one year decreased by 30.35% compared to the opening balance in

this year. It was mainly due to repayment of long-term loans maturing within one year during the reporting period.

(13) The closing balance of Other current liabilities increased by 468.65% compared to the opening balance in this year. It was

mainly due to the issuance of the first tranche of science and technology innovation bonds during the reporting period.

(14) The closing balance of Bonds payable increased by 100.00% compared to the opening balance in this year. It was mainly due

to the issuance of 3-year science and technology innovation bonds during the reporting period.

(15) The closing balance of Lease liabilities increased by 83.33% compared to the opening balance in this year. It was mainly due

to the increase in lease payables during the reporting period.

(16) The closing balance of Treasury stock decreased by 51.37% compared to the opening balance in this year. It was mainly due

to the transfer of treasury stock by the Company to the employee share ownership plan during the reporting period.2. Income Statement Position

(1) Financial expenses in the current Q1-Q3 period increased by 423.43% compared to the same period of last year. It was mainly

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

(2) Investment income in the current Q1-Q3 period increased by 271.05% compared to the same period of last year. It was mainly

due to the combined effect of the increase in net profits of associates and joint ventures from the beginning of the year to the

reporting period the corresponding increase in investment income recognised by the Company under the equity method and the

increase in investment income obtained from the disposal of trading financial assets in the current Q1-Q3 period.

(3) Gains on changes in fair value in the current Q1-Q3 period increased by 225.28% compared to the same period of last year. It

was mainly due to the increase in fair value of forward foreign exchange settlement and sale products resulting from exchange rate

fluctuations in the current Q1-Q3 period.

(4) Credit impairment losses in the current Q1-Q3 period increased by 313.99% compared to the same period of last year. It was

mainly due to the increase in credit impairment losses recognised due to changes in accounts receivable arising from higher sales

volume in the current Q1-Q3 period.

(5) Asset impairment losses in the current Q1-Q3 period decreased by 42.89% compared to the same period of last year. It was

mainly due to the decrease in inventory impairment provisions recognised in the current Q1-Q3 period.

(6) Gains from asset disposal in the current Q1-Q3 period increased 393.65% compared to the same period of last year. It was

mainly due to the increase in disposals of fixed assets in the current Q1-Q3 period.

(7) Non-operating expenditures in the current Q1-Q3 period increased by 374.17% compared to the same period of last year. It

was mainly due to the combined effect of the increase in asset scrapping losses and the increase in external donations 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 47.77% compared to the same period of last

year. It was mainly due to the increase in payments for equipment and purchases of bank financial products in the current Q1-Q3

period.

(2) Net Increase in Cash and Cash Equivalents in the current Q1-Q3 period decreased by 48.90% compared to the same period of

last year. It was mainly due to the combined impact of changes in operating activities and investing activities in the current Q1-Q3

period.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 common Total number of preferred shareholders

shareholders at the end of the 95256 whose voting rights have been recovered at 0

reporting period the end of the reporting period

Information about top 10 shareholders（Excluding shares lent through refinancing）

Number of Shares pledged marked or

Shareholders Nature of Holding Number ofshareholders proportion Shares Held Restricted

frozen

Shares Held Condition Quantity

Domestic

NHU Holding non-state-

Group Co. Ltd. owned legal 50.08% 1539232431 0 N/A 0

person

Hong Kong

Securities Clearing Overseas 5.04% 154781614 0 N/A 0

Company Limited legal person

National Social

Security Fund 503 Others 0.74% 22600000 0 N/A 0

Portfolio

Zhejiang NHU Co.Ltd.– Fifth

Employee Stock Others 0.70% 21454310 0 N/A 0

Ownership Plan

China Construction

Bank Corporation –

E Fund CSI 300

Pharmaceutical Others 0.64% 19661511 0 N/A 0

Healthcare Exchange

Traded Fund

China Foreign

Economy and Trade

Trust Co. Ltd. –

FOTIC – Others 0.61% 18657799 0 N/A 0

Chongyang Xiyue

Collective Fund

Trust Plan

Domestic

Hu Baishan natural 0.47% 14595929 10946947 N/A 0

person

Domestic

Hu Baifan natural 0.45% 13922998 10442248 N/A 0

person

National Social

Security Fund 117 Others 0.42% 12928361 0 N/A 0

Portfolio

China Universal

Fund Management

Co. Ltd. – Social Others 0.42% 12773892 0 N/A 0

Security Fund

Portfolio 16032

Information about top 10 shareholders without trading restrictions

(excluding shares lent through transfer facility and shares locked up by executives)

Category and quantity of shares

Shareholders Quantity of non-restricted shares

Category Quantity

NHU Holding Group Co. Ltd. 1539232431 RMB ordinaryshares 1539232431

Hong Kong Securities Clearing

Company Limited 154781614

RMB ordinary

shares 154781614

National Social Security Fund 503 22600000 RMB ordinaryPortfolio shares 22600000

Zhejiang NHU Co. Ltd.– Fifth RMB ordinary

Employee Stock Ownership Plan 21454310 shares 21454310

China Construction Bank Corporation –

E Fund CSI 300 Pharmaceutical 19661511 RMB ordinary 19661511

Healthcare Exchange Traded Fund shares

China Foreign Economy and Trade

Trust Co. Ltd. – FOTIC – Chongyang 18657799 RMB ordinary 18657799

Xiyue Collective Fund Trust Plan shares

National Social Security Fund 117 12928361 RMB ordinaryPortfolio shares 12928361

China Universal Fund Management Co.Ltd. – Social Security Fund Portfolio 12773892 RMB ordinaryshares 1277389216032

Industrial and Commercial Bank of

China Limited – China Universal Value 11768400 RMB ordinarySelect Mixed Securities Investment shares 11768400

Fund

Yu Baomu 11503200 RMB ordinaryshares 11503200

Among the above shareholders Hu Baifan is the chairman general

manager and actual controller of Zhejiang NHU Holding Group Co.Ltd.; Hu Baishan is a director of Zhejiang NHU Holding Group Co.Ltd.; Hu Baifan and Hu Baishan are brothers. Hu Baifan and Hu

Explanation on associated relationship Baishan have an affiliated relationship with Zhejiang NHU Co. Ltd.or concerted actions among above – Fifth Employee Stock Ownership Plan due to their participation

shareholders in the employee stock ownership plan. The Company is not aware of

whether any related-party relationship exists among the other

shareholders or whether they are persons acting in concert asstipulated in the Measures for the “Administration of the Takeoverof Listed Companies Procedures”.Explanation on top 10 shareholders’ Yu Baomu holds 11287400 shares through the customer credit

participating in securities margin transaction collateral securities account of Guotai Haitong Securities

trading Co. Ltd.Shareholders holding more than 5% of shares top 10 shareholders and top 10 shareholders with unlimited shares in circulation

participating in the lending of shares in the transfer and financing business.□ Applicable √Not applicable

The top 10 shareholders and the top 10 holders of unlimited shares have experienced changes due to participating in the lending of

shares in the transfer and financing business compared to the previous period.□ Applicable √Not applicable

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

□ Applicable √Not applicable

Section III Other Significant Events

√Applicable□Not applicable

1.Progress of Share Repurchase

At the 20th meeting of the 9th Board of Directors held on June 23 2026 the Company deliberated and adopted the Proposal on the

Share Repurchase Plan. The Company approved the repurchase of part of its public shares via centralized bidding trading using

self-owned funds for the implementation of an equity incentive plan or an employee stock ownership plan. The total repurchase

amount ranges from RMB 300 million to RMB 600 million with the repurchase price not exceeding RMB 45.50 per share. The

exact number of repurchased shares and its proportion to the total share capital shall be subject to the actual repurchase volume as

of the expiry of the repurchase period. For details please refer to the Announcement on the Share Repurchase Plan (2026-027)

published by the Company on designated media for information disclosure and CNINFO (http://www.cninfo.com.cn).As of September 30 2026 the Company had repurchased 7136014 shares via centralized bidding through its special securities

account for share repurchase accounting for 0.2322% of the Company's total share capital. The repurchase was executed at a

highest price of RMB 29.97 per share and a lowest price of RMB 25.24 per share with an aggregate transaction value of RMB

199490835.70 (excluding transaction fees). This repurchase complies with the Company's adopted repurchase plan and

applicable laws and regulations. For details please refer to the Announcement on the Progress of the Share Repurchase (2026-040)

published on designated media for information disclosure and CNINFO (http://www.cninfo.com.cn).

2. 2026 Interim Profit Distribution

At the 21st meeting of the 9th Board of Directors held on August 18 2026 the Company deliberated and adopted the 2026 Interim

Profit Distribution Proposal.The distribution plan for the first half of 2026 is as follows: tentatively on the basis of 3068717398 shares (i.e. the total share

capital of 3073421680 shares as of July 31 2026 minus 4704282 repurchased shares) [Note] the Company will distribute a

cash dividend of RMB 2.00 per 10 shares (tax inclusive) to all shareholders with no bonus shares (stock dividends tax inclusive)

to be issued and no conversion of capital surplus into share capital. The total proposed cash distribution amounts to RMB

613743479.60 and the remaining profit available for distribution to shareholders shall be carried forward to the next year.

Note: As of July 31 2026 the Company's total share capital stood at 3073421680 shares of which 4704282 shares were held in

the special repurchase securities account. Pursuant to the Rules on Share Repurchase by Listed Companies shares held in a listed

company's special repurchase account are not entitled to profit distributions or conversion of capital surplus into share capital.If the Company's total share capital changes prior to the implementation of the distribution plan due to convertible bond

conversion share repurchase exercise of equity incentive rights listing of new shares from refinancing or other circumstances the

aggregate distribution amount shall be adjusted accordingly in accordance with the principle of maintaining the distribution ratio

unchanged.The 2026 interim profit distribution proposal shall take effect only upon deliberation and approval by the general meeting of

shareholders and remains subject to uncertainties. Investors are hereby reminded to be aware of investment risks. For details

please refer to the Announcement on the Implementation of the 2026 Interim Equity Distribution (2026-037) published on

designated media for information disclosure and CNINFO (http://www.cninfo.com.cn).3. Application for Registration of Debt Financing Instruments

The Proposal on Applying for Registration and Issuance of Debt Financing Instruments was deliberated and adopted at the 14th

meeting of the 9th Board of Directors held on August 26 2025 and the 2nd Extraordinary General Meeting of Shareholders for

2025 held on September 12 2025.

To satisfy the capital needs of the Company's rapid development optimize its financing structure and reduce financing costs the

Company intends to apply to the National Association of Financial Market Institutional Investors (NAFMII) for registration of

debt financing instruments for non-financial enterprises with a total issuance size not exceeding RMB 3 billion (inclusive). The

instruments may include Medium-term Notes (MTNs tenor of no more than 3 years) Short-term Commercial Papers (CPs tenor

of no more than 1 year) and Super Short-term Commercial Papers (SCPs tenor of no more than 270 days) and may be issued in

tranches. The proceeds from the issuance are planned to be used for the Company's production and operation activities including

but not limited to project construction in sci-tech innovation R&D investment repayment of interest-bearing liabilities and

supplementation of working capital.During the reporting period in light of the fund utilization plan and the inter-bank market conditions the Company issued two

tranches of Sci-Tech Innovation Bonds on the national inter-bank bond market. Details are as follows:

2026 First Tranche Sci-Tech Innovation Bond: Issuance completed on January 30 2026 and listed for trading on February 3 2026;

issuance size of RMB 500 million with a tenor of 270 days. For details please refer to the Announcement on Issuance Results of

the 2026 First Tranche Sci-Tech Innovation Bond (2026-004) disclosed on designated media for information disclosure and

CNINFO (http://www.cninfo.com.cn).

2026 Second Tranche Sci-Tech Innovation Bond: Issuance completed on August 31 2026 and listed for trading on September 2

2026; issuance size of RMB 1 billion with a tenor of 3 years. For details please refer to the Announcement on Issuance Results of

the 2026 Second Tranche Sci-Tech Innovation Bond (2026-039) disclosed on designated media for information disclosure and

CNINFO (http://www.cninfo.com.cn).Section Ⅳ Quarterly Financial Statements

Ⅰ .Financial statements

1. Consolidated balance sheet

Prepared by Zhejiang NHU Co. Ltd.September 30 2026

Unit: RMB Yuan

Items September 30 2026 January 1 2026

Current assets:

Cash and bank balances 8885013764.16 7966270131.17

Deposit reservation for balance

Lending to banks and other financial

institutions

Trading Financial Assets 2990349455.46 2168275092.55

Derivative financial assets

Notes receivable

Accounts receivable 3847450534.41 3331434677.27

Receivables financing 443200964.35 813062385.73

Prepayments 378173770.75 178450145.87

Insurance premium receivable

Reinsurance accounts receivable

Reserves for reinsurance contract

receivable

Other receivables 264120302.68 274052669.41

Including: Interest receivable

Dividends receivable

Financial assets purchased under resale

agreement

Inventories 5585033824.69 4648749467.43

Among them: data resources

Contracted assets

Assets held for sale

Items September 30 2026 January 1 2026

Non-current assets due within one year

Other current assets 133785487.37 55037719.63

Total current assets 22527128103.87 19435332289.06

Non-current assets:

Granting of loans and advances

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 1218710396.62 965350549.43

Other equity instrument investment 26344805.15 60126147.55

Other non-current financial assets

Investment property

Fixed assets 19046877582.56 20298898673.14

Construction in progress 1670233823.64 745117350.86

Productive biological assets

Oil and gas assets

Right-of-use assets 10606184.21 9116717.87

Intangible assets 3602301313.94 2590073891.40

Among them: data resources

Development expenditure

Among them: data resources

Goodwill 3622704.97 3622704.97

Long-term deferred expenses 15953060.54 19477100.43

Deferred tax assets 5106276.64 2692450.99

Other non-current assets 1131778519.23 1476641929.78

Total non-current assets 26731534667.50 26171117516.42

Items September 30 2026 January 1 2026

Assets in total 49258662771.37 45606449805.48

Current liabilities:

Short-term borrowings 1055422114.75 675172682.37

Borrowings from the central bank

Borrowing from banks and financial

institutions

Financial liabilities held for trading 637459.50

Derivative financial liabilities

Notes payable 74766169.93 70054101.63

Accounts payable 2134280848.32 1780307765.08

Advance receipts

Contract liabilities 293011641.03 294819090.20

Financial assets sold for repurchase

Deposits and interbank deposits

received

Receiving from Vicariously Traded

Securities

Receiving from Vicariously Sold

Securities

Employee compensation payable 397062402.05 511515144.15

Taxes and fees payable 504921885.58 669468878.66

Other payables 82581096.38 131685145.99

Including: Interests payable

Dividends payable

Charges and commissions payable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within one 2204802704.28 3165413873.49

year

Other current liabilities 565002997.46 99358351.24

Items September 30 2026 January 1 2026

Total current liabilities 7312489319.28 7397795032.81

Non-current liabilities:

Provision for insurance contracts

Long-term borrowings 3273702280.70 4187178569.02

Bonds payable 1000000000.00

Including: Preferred stocks

Perpetual bonds

Lease liabilities 4583502.02 2500183.66

Long-term accounts payable

Long-term payroll payable

Estimated liabilities

Deferred income 814667320.29 906007748.59

Deferred income tax liabilities 142905732.28 152052864.16

Other non-current liabilities

Total non-current liabilities 5235858835.29 5247739365.43

Liabilities in total 12548348154.57 12645534398.24

Owner’s equity:

Share capital 3073421680.00 3073421680.00

Other equity instruments

Including: Preferred stocks

Perpetual bonds

Capital reserve 3170620914.25 3135683253.49

Less: Treasury stock 270476110.47 556161195.70

Other comprehensive income 54159441.86 67743496.72

Special reserves 186649666.73 162056373.58

Surplus reserves 1545453678.00 1545453678.00

Items September 30 2026 January 1 2026

General risk reserve

Undistributed profits 28788974455.39 25377456895.81

Total owners’ equity attributed to parent 36548803725.76 32805654181.90

company

Minority shareholders’ equity 161510891.04 155261225.34

Total owner's equity 36710314616.80 32960915407.24

Total liabilities and owners' equity 49258662771.37 45606449805.48

Legal Representative: Hu Baifan Chief Accountant in Charge: Shi Guanqun Chief of Accounting Institution: Wang Xiaobi

2. Consolidated income statement for Q1-Q3

Unit: RMB Yuan

Items Q1~Q3 2026 Q1~Q3 2025

I. Total operating income 19231333213.52 16642101764.92

Including: Operating revenue 19231333213.52 16642101764.92

Interest income

Earned premiums

Service charge and commission

income

II. Total Operating Cost 12831311343.59 10521382709.20

Including: Operating cost 10711869441.51 9061993897.74

Interest expenses

Handling charge and

commission expenses

Surrender value

Net claims paid

Net Amount of Withdrawn

Reserve for Insurance Liability Contract

Policyholder Dividend Expense

Reinsurance cost

Taxes and surcharges 220521548.20 196595837.25

Items Q1~Q3 2026 Q1~Q3 2025

Selling expenses 135338978.21 125918576.73

Administrative expenses 464249234.41 460721586.78

R&D expenses 903719945.87 798468927.21

Financial expenses 395612195.39 -122316116.51

Including: Interest expenses 111234079.49 161299501.81

Interest income 46701375.05 56852548.36

Add: Other income 169206057.94 184244312.75

Investment income (“-” for 285168511.75 76855004.79

loss)

Including: Income from

investment in associates and joint 219431638.44 61001722.50

ventures

Income recognized at

the termination of financial assets

measured at amortized cost

Exchange gains (“－” for loss)Net-exposure hedging income (“-” for loss)

Incomes from changes in fair 110674615.82 -88344579.28

value (“-” for loss)

Credit impairment losses (“-” -42074280.17 19661569.24

for loss)

Asset impairment losses (“-” -33923192.36 -59395217.60

for loss)

Gains from asset disposal ("-" for 4978850.87 -1695485.83

loss)

III. Operating Profit ("-" for loss) 6894052433.78 6252044659.79

Add: Non-operating income 3141883.58 2528959.80

Less: Non-operating expenses 48892008.26 10311169.44

IV. Total Profit Before Tax (“-” for total 6848302309.10 6244262450.15

losses)

Less: Income tax expense 952725228.70 890058372.03

V. Net Profit (“-” for net loss) 5895577080.40 5354204078.12

(I) Classification by business continuity

1. Net profit from continuing 5895577080.40 5354204078.12

operations (“-” for net loss)

Items Q1~Q3 2026 Q1~Q3 2025

2. Net profit from discontinued

operations (“-” for net loss)

(II) Classification by ownership

1. Net profit attributable to 5867744277.98 5320721690.71

shareholders of the parent company

2. Profit or loss of minority 27832802.42 33482387.41

shareholders

VI. Net Amount after Tax of Other -35167191.58 -21830736.97

Comprehensive Income

Net amount of other comprehensive

income after tax attributed to the owners -13584054.86 -21411276.06

of parent company

(I) Other comprehensive income that -12734141.04

cannot be reclassified into profit or loss

1. Amount of changes in the

defined benefit plan due to re-

measurement

2. Other comprehensive income

that can not be converted into profits and

losses under the equity method

3. Changes in the fair value of -12734141.04

investment in other equity instruments

4. Changes in the fair value of the

enterprise's own credit risk

5. Other

(II) Other comprehensive income -849913.82 -21411276.06

that will be reclassified into profit or loss

1. Other comprehensive income

that can be converted to profit or loss

under the equity method

2. Change in fair value for other

investments on bonds

3. Amount of financial assets

reclassified into other comprehensive

income

4. Provisions for the credit

impairment of investment in other

creditor's rights

5. Cash flow hedge reserve

6. Difference of foreign currency -849913.82 -21411276.06

financial statement translation

7. Other

Net amount of other comprehensive

income after tax attributed to minority -21583136.72 -419460.91

shareholders

VII. Total Comprehensive Income 5860409888.82 5332373341.15

Items Q1~Q3 2026 Q1~Q3 2025

Total comprehensive income

attributable to owners of the parent 5854160223.12 5299310414.65

company

Total comprehensive income 6249665.70 33062926.50

attributable to minority shareholders

VIII. Earnings per Share

(I) Basic earnings per share 1.90 1.73

(II) Diluted earnings per share 1.90 1.73

Legal Representative: Hu Baifan Chief Accountant in Charge: Shi Guanqun Chief of Accounting Institution: Wang Xiaobi

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB Yuan

Items Q1~Q3 2026 Q1~Q3 2025

I. Cash flows generated from operating

activities:

Cash received from the sale of

commodities and rendering of labor 17875664762.69 16507712441.00

services

Net increase in deposit from customers

and interbank

Net increase in borrowing from central

bank

Net increase in borrowings from other

financial institutions

Cash receipts from premiums under

direct insurance contracts

Net Amount Arising from Reinsurance

Business

Net Increase in Deposits and

Investments from Policyholders

Cash Arising from Interests Service

Charges and Commissions

Net Increase in Borrowings from Banks

and Other Financial Institutions

Net increase in repurchase business

capital

Net Amount of Cash Received from the

Vicariously Traded Securities

Tax Refund 634756586.63 634061312.52

Cash received relating to other 147239454.60 139317800.55

operating activities

Subtotal of cash inflows from operating 18657660803.92 17281091554.07

activities

Cash payments for goods acquired and 9227572759.43 7702336645.29

Items Q1~Q3 2026 Q1~Q3 2025

services received

Net increase in customer loans and

advances

Net increase in deposits in central bank

and interbank

Cash payments for original insurance

contract claims

Net increase in lending funds from

banks and other financial institutions

Cash payments for interest fee and

commission

Cash payments for insurance

policyholder dividends

Cash paid to and on behalf of 1832146129.34 1712309479.25

employees

Cash payments for taxes 2065560329.77 1753724774.08

Other cash payments relating to 304766887.21 470531736.20

operating activities

Subtotal of cash outflows from operating 13430046105.75 11638902634.82

activities

Net cash flows from operating activities 5227614698.17 5642188919.25

II. Cash Flows from Investing Activities:

Cash receipts from investment 1708000.00

withdrawal

Cash receipts from returns on 90848310.67 51459962.72

investments

Net cash receipts from disposals of

fixed assets intangible assets and other 2623.89 216700.00

long-term assets

Net cash received from disposal of

subsidiaries and other business units

Other cash receipts relating to investing 2451950000.00 2150000000.00

activities

Subtotal of cash inflows from investing 2542800934.56 2203384662.72

activities

Cash Paid for the Purchase and

Construction of Fixed Assets Intangible 1987284066.24 1455104482.79

Assets and Other Long-term Assets

Cash payments for investment

Net increase in pledged loans

Net Cash Paid for Acquisition of

Subsidiaries and Other Business Units

Other Paid Cashes Related to 2960000000.00 2375450000.00

Investment Activities

Subtotal of cash outflows from investing 4947284066.24 3830554482.79

activities

Items Q1~Q3 2026 Q1~Q3 2025

Net cash flows from investing activities -2404483131.68 -1627169820.07

III. Cash Flows from Financing Activities:

Cash received from capital

contributions

Including: Cash received from

investment of minority shareholder from

subsidiary

Cash received from borrowings 4226715478.41 2257904273.76

Other cash receipts relating to financing 518979758.90

activities

Subtotal of cash inflows from financing 4745695237.31 2257904273.76

activities

Cash repayments of amounts borrowed 3821545753.86 1755560300.27

Cash payments for distribution of

dividends profits or cash payments for 2584919216.63 2323096742.28

interest expenses

Including: Dividends and profits paid to

minority shareholders by subsidiaries

Other cash paid related to financing 200245822.01 321956171.67

activities

Subtotal of cash outflows from financing 6606710792.50 4400613214.22

activities

Net cash flows from financing activities -1861015555.19 -2142708940.46

IV. Effect of foreign exchange rate 10629734.85 31133576.05

changes on cash and cash equivalents

V. Net Increase in Cash and Cash 972745746.15 1903443734.77

Equivalents

Add: Beginning balance of cash and 7819707489.01 5521452666.47

cash equivalents

VI. Closing Balance of Cash and Cash 8792453235.16 7424896401.24

Equivalents

Legal Representative: Hu Baifan Chief Accountant in Charge: Shi Guanqun Chief of Accounting Institution: Wang Xiaobi

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

accounting standards for the first time from 2026 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 28 2026