虹美菱B:2026年三季度报告（英文版）

Stock Code: 000521 200521 Stock Abbreviation: Changhong Meiling Changhong Meiling B

Announcement No.: 2026-070

Changhong Meiling Co. Ltd.2026 Third Quarter Report

The Company and all members of the Board of Directors hereby confirm that the content of

this information disclosure is true accurate complete and free from fictitious statements

misleading statements or important omissions.Important Notice:

Does any director or senior executive has objections to the content of the quarterly report or is

unable to guarantee its truthfulness accuracy and completeness

□ Yes √ No

1. Board of directors all directors and senior executives of Changhong Meiling Co. Ltd.

(hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements

misleading statements or important omissions carried in this report and shall take all

responsibilities individual and/or joint for the reality accuracy and completion of the whole

contents.

2. Mr. Li Xiaodong the person in charge of the company Mr. Yang Bing the person in charge of

accounting work and Mr. Hu Xiangfei the head of the accounting body (accounting supervisor)

declare that they guarantee the authenticity accuracy and completeness of the financial

information in the quarterly report.

3. Has the financial and accounting report for the third quarter been audited

□ Yes √ No

I. Major Financial Data

(I) Main accounting data and financial indexes

Does it have retroactive adjustment or re-statement on previous accounting data

□ Yes √ No

From the beginning Year-on-year changeChange compared to of the year to the end for the period fromReporting period the same period of the beginning of the

last year of the reportingperiod year to the end of thereporting period

Operating revenue

(RMB) 6631557225.37 -9.42% 22767742938.03 -10.34%

Net profit

attributable to

shareholders of the -49533974.57 -169.55% 8448670.89 -98.27%

listed company

(RMB)

Net profit

attributable to

shareholders of the

listed company after -73519859.38 -222.57% -82480981.57 -118.29%

deducting non-

recurring gains and

losses (RMB)

Net cash flows

generated from

operating activities — — 856778398.71 -36.29%

(RMB)

Basic earnings per

share (RMB/share) -0.0492 -171.10% 0.0084 -98.23%

Diluted earnings per

share (RMB/share) -0.0492 -171.10% 0.0084 -98.23%

Weighted average -0.84% Decrease by 2 0.14% Decreased by 7.72return on net assets percentage points percentage points

End of the reporting

period End of last year Change compared to end of last year

Total assets (RMB) 26604218162.51 22302792548.16 19.29%

Equity attributable to

shareholders of the

listed company 5830154897.45 6083548865.34 -4.17%

(RMB)

(II) Items and amounts of non-recurring gains and losses

√ Applicable □ Not applicable

Unit: RMB

Amount for the period

Items Amount in the from the beginning of thereporting period year to the end of the Description

reporting period

Gains or losses on disposal of non-current

assets (including the reversal of previously 142783.66 118149.35

recognized asset impairment provisions)

Government grants recognized in profit or

loss for the current period (excluding those

closely related to the Company’s normal

operations in compliance with national 15390562.16 38553975.39

policies enjoyed according to fixed

standards and having a sustained impact on

the Company’s profit or loss)

Gains or losses from fair value changes of

financial assets and financial liabilities held The main reason is

by non-financial enterprises and gains or the profit and loss

losses from disposal of such assets and 12761993.49 55719588.25 generated from

liabilities other than effective hedging changes in fair

activities related to the Company’s normal value and disposal

operations of financial assets

Reversal of impairment provisions for

receivables tested for impairment 3088385.77

individually

Other non-operating income and expenses

other than the above items 1104995.23 13877723.52

Other gains/losses items that meets the

definition of non-recurring gains and losses

Less: impact on income tax 4343541.89 17399757.12

Effect of minority interests (after tax) 1070907.84 3028412.70

Total 23985884.81 90929652.46 --

Details of other gains/losses items that meets the definition of non-recurring gains and losses:

□ Applicable √ Not applicable

There are no other gains/losses items that meet the definition of non-recurring gains and losses in

the Company.Explain the items defined as recurring gains and losses according to the lists of non-recurring

gains and losses in Q&A Announcement No.1 on Information Disclosure for Companies Offering

Their Securities to the Public --- Non-recurring Gains and Losses

□ Applicable √ Not applicable

There are no items defined as recurring profit (gain)/loss according to the lists of non-recurring

gains and losses in Q&A Announcement No.1 on Information Disclosure for Companies Offering

Their Securities to the Public --- Non-recurring Gains and Losses.(III) Analysis of changes in main accounting data and financial indexes

√ Applicable □ Not applicable

1、Analysis of changes in balance sheet items

Report item Ending balance Balance at end of Changeprevious year ratio Reason for change

Mainly due to the purchase of

Trading financial assets 1835761948.21 —— —— wealth management products in the

current period

Notes receivable 20313327.48 It was primarily due to the increase——

in customer settlement bills

Accounts receivable 3001023741.90 2014944491.33 48.94% It is mainly due to the seasonal

fluctuation of revenue

Mainly due to a decrease in the

Accounts receivable 986267305.67 409930586.39 140.59% Company’s discounting of bankfinancing acceptance bills compared with the

beginning of the period

Non-current Assets Mainly due to an increase in debt

Due within One Year 944411491.59 659796120.71 43.14% investments maturing within one

year in the current period

Mainly due to adjustments to the

Debt Investments 960589766.24 1661029964.49 -42.17% Company’s capital allocation

structure.Construction in Mainly due to an increase in the

progress 290898643.61 127282346.90 128.55% number of the Company’s projects

commencing operations

Other Non-current 14256181.41 26856492.34 -46.92% Mainly due to a decrease in theAssets Company’s prepayments

Derivative financial

liabilities 58577125.57 38804849.55 50.95%

Mainly due to exchange rate

fluctuations in the current period

Notes payable 10100683029.04 7004658556.59 44.20% It is mainly due to the increase in

operational procurement

Accounts payable 6560852906.41 4934324141.76 32.96% Mainly due to an increase in

purchases for operating activities

Mainly due to changes in relevant

Other current liabilities 16212074.04 54001977.67 -69.98% taxes resulting from a decrease in

advances received in the current

period

Mainly due to an increase in

Deferred income 190154151.20 139056707.76 36.75% government grants related to assets

received by the Company in the

current period

Treasury shares 150036041.38 86960746.82 72.53% Mainly due to ongoing stock

repurchases in the current period

Mainly due to a year-on-year

Special Reserve 54729992.62 38391282.14 42.56% increase in the base used to

calculate the provision

2、Analysis of changes in income statement items

Corresponding

Report item Current periodamount prior period Change ratio Reason for changeamount

Financial expenses -81150108.31 -186471.43 -43418.79% Mainly due to exchange rate

fluctuations in the current period

Mainly due to changes in the VAT

Other Income 63941970.40 125123336.51 -48.90% additional deduction in the current

period

Investment income 99404958.15 30072540.83 230.55% Mainly due to exchange rate

fluctuations in the current period

Income from fair

value changes -21642139.65 88670567.94 -124.41%

Mainly due to exchange rate

fluctuations in the current period

Mainly due to a decrease in

Credit Impairment

Losses -4152055.76 -25339996.75 -83.61%

provisions for bad debt losses on

accounts receivable in the current

period

Non-operating Mainly due to an increase in

Income 15732291.47 5649236.72 178.49% liquidated damages received in the

current period

Non-operating Mainly due to a decrease in the

Expenses 3385190.72 7384314.26 -54.16% disposal of scrapped fixed assets in

the current period

Income tax

expenses 25468513.26 104245622.31 -75.57%

Mainly due to a decrease in profit

in the current period

3、Analysis of changes in cash flow statement items

Current period CorrespondingReport item amount prior period

Change Reason for change

amount ratio

Cash paid for various Mainly due to a decrease in

taxes 264486991.83 433837530.22 -39.04% VAT and surcharges paid in the

current period

Net cash received from

disposal of fixed assets Mainly due to an increase in

intangible assets and 2378800.42 1404030.10 69.43% disposals of fixed assets in the

other long-term assets current period

Other Cash Received Mainly due to exchange rate

Relating to Investing 224531627.51 123604562.13 81.65% fluctuations in the current

Activities period

Other Cash Paid Mainly due to exchange rate

Relating to Investing 14224866.33 134132125.91 -89.39% fluctuations in the current

Activities period

Cash received from 1390113600.00 2779799558.07 -49.99% Mainly due to a decrease inborrowings borrowings in the current period

Other Cash Received Mainly due to an increase in the

Relating to Financing 1653841240.19 332226468.58 397.81% discounting of bills not yet due

Activities in the current period

Cash paid for Mainly due to a year-on-year

repayment of debts 1297635811.06 2503042196.13 -48.16% decrease in repayments of bank

borrowings in the current period

Cash paid for Mainly due to a year-on-year

dividends profit 236988857.08 362242151.38 -34.58% decrease in dividends paid on

distribution or interest the Company’s shares in the

current period

Other Cash Paid Mainly due to an increase in

Relating to Financing 1192550319.70 202114377.38 490.04% guarantee deposits for bank

Activities acceptance bills in the current

period

Effect of exchange rate Mainly due to exchange rate

changes on cash -36225533.31 5683154.75 -737.42% fluctuations in the current

period

II. Use of Proceeds

□ Applicable √ Not applicable

The Company had no use of proceeds during the reporting period.III. Shareholder Information

(I) Total Number of ordinary shareholders and preference shareholders with restored

voting rights and shareholdings of the top 10 shareholders

Unit: Shares

Total number of ordinary shareholders at the Total number of preferred shareholders

end of the reporting period 60831 with restored voting rights at the end of 0the reporting period (if any)

Shareholdings of the top 10 shareholders (excluding shares lent through securities lending and borrowing)

Name of shareholder Nature of Shareh Number of Number of Pledge marking or

shareholders olding shares held shares freezing status

ratio subject to

restricted Status of

conditions shares

Number

Sichuan Changhong Electric State-owned 24.12

Co. Ltd. legal person % 248457724 0 —— ——-

Hong Kong Securities Overseas

Clearing Company Limited legal person 3.08% 31761684 0 —— ——-

CHANGHONG (HK) Overseas

TRADING LIMITED legal person 2.97% 30582182 0 —— ——-

Hefei Industry Investment State-owned

Holding (Group) Co. Ltd. legal person 1.83% 18864896 0 —— ——-

CAO SHENGCHUN Overseasnatural person 1.43% 14766086 0 —— ——-

Wang Jialing Domesticnatural person 1.18% 12200018 0 —— ——-

Li Tao Domesticnatural person 1.10% 11333200 0 —— ——-

Xu Qianwei Domesticnatural person 0.82% 8486600 0 —— ——-

Phillip Securities (Hong Overseas

Kong) Limited legal person 0.61% 6296913 0 —— ——-

Industrial and Commercial

Bank of China Limited – Domestic

Taikang Strategy Preferred non-state- 0.49% 5000000 0 —— ——-

Flexible Allocation Hybrid owned legal

Securities Investment Fund person

Shareholding of the top 10 shareholders with unrestricted shares (excluding shares lent through securities lending

and senior management lock-up shares)

Class and number of

Name of shareholder Number of shares not subject to sharesrestricted conditions Type of

shares Number

RMB

Sichuan Changhong Electric Co. Ltd. 248457724 ordinary 248457724

Hong Kong Securities Clearing Company RMB

Limited 31761684 ordinary 31761684shares

Domesti

CHANGHONG (HK) TRADING LIMITED 30582182 c listedforeign 30582182

Hefei Industry Investment Holding (Group) RMB

Co. Ltd. 18864896 ordinary 18864896shares

Domesti

CAO SHENGCHUN 14766086 c listedforeign 14766086

RMB

Wang Jialing 12200018 ordinary 12200018

RMB

Li Tao 11333200 ordinary 11333200

Xu Qianwei 8486600 RMB 8486600

ordinary

Domesti

Phillip Securities (Hong Kong) Limited 6296913 c listedforeign 6296913

Industrial and Commercial Bank of China RMB

Limited – Taikang Strategy Preferred Flexible 5000000 ordinary 5000000

Allocation Hybrid Securities Investment Fund shares

Among the above shareholders CHANGHONG (HK)

TRADING LIMITED (hereinafter referred to as

“Hong Kong Changhong”) is a wholly-owned

subsidiary of Sichuan Changhong Electric Co. Ltd.(hereinafter referred to as “Sichuan Changhong”). In

addition to directly holding the Company’s B shares

Hong Kong Changhong also holds 6296913 B shares

Explanation of related-party relationships or acting-in- of the Company through Phillip Securities (Hong

concert arrangements among the above shareholders Kong) Limited. Sichuan Changhong and Hong Kong

Changhong have a related party relationship and

constitute acting-in-concert parties. The Company is

unaware of whether any relationships exist among the

other shareholders or whether any of them are persons

acting in concert as defined in the Administrative

Measures for Information Disclosure on Changes in

Shareholdings of Shareholders of Listed Companies.Explanation of participation by the top 10 shareholders

in margin financing and securities lending (if any) N/A

Note: As at the end of this reporting period the Company has repurchased a total of 22575498 A-shares

through the special securities account for share repurchase via centralized bidding transactions accounting for

2.19% of the Company’s total share capital.

Participation of shareholders holding more than 5% the top 10 shareholders and the top 10

unrestricted circulating shareholders in securities lending under the margin trading and securities

lending scheme

□ Applicable √ Not applicable

Changes in the top 10 shareholders and top 10 unrestricted circulating shareholders’ holdings

compared to the previous period due to lending/return under the margin trading and securities

lending scheme

□ Applicable √ Not applicable

(II) Total number of preference shareholders of the Company and shareholdings of the top

10 preference shareholders

□ Applicable √ Not applicable

IV. Other Significant Matters

√ Applicable □ Not applicable

1. On January 21 1.2026 Ms. Li Xia resigned from her position as the Vice President Chief

Compliance Officer General Counsel and all other positions due to a job transfer. She is now

employed by the controlling shareholder's related unit. Details were disclosed by the Company in

the form of an announcement (Announcement No. 2026-002) on January 22 2026 in the

designated information disclosure media Securities Times China Securities Journal and Juchao

Website (www.cninfo.com.cn).

2. On January 26 2026 Mr. Wu Dinggang resigned from his positions as Director

Chairman Chair of the Strategy Committee Member of the Audit Committee Member of the

Nomination Committee Member of the Compensation and Appraisal Committee Chair of the

ESG Management Committee and all other positions of the 11th Board of Directors due to a job

transfer. He still holds positions in the controlling shareholder's unit. Details were disclosed by

the Company in the form of an announcement (Announcement No. 2026-003 2026-004) on

January 27 2026 in the designated information disclosure media Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn).

3. On February 11 2026 at the 2026 first extraordinary shareholders’ meeting it was

approved to elect Mr. Li Xiaodong as a non-independent director of the 11th Board of Directors

of the Company effective from the date of approval by the board of shareholders until the

expiration of the 11th Board of Directors’ term. At the 27th meeting of the 11th Board of

Directors it was approved to elect Mr. Li Xiaodong as the Chairman of the 11th Board of

Directors effective from the date of Board approval until the expiration of the 11th Board of

Directors' term. Details were disclosed by the Company in the form of an announcement

(Announcement No. 2026-008 2026-009 and 2026-010) on February 12 2026 in the designated

information disclosure media Securities Times China Securities Journal and Juchao Website

(www.cninfo.com.cn).

4. On April 1 2026 due to the restructuring of the Company's governance Mr. Cheng Ping

no longer serves as a Director of the 11th Board of Directors Member of the Strategy Committee

Member of the ESG Management Committee or holds any other position in the Company. He

still holds a position at the controlling shareholder’s related entity. To ensure the standardized

operation of the Company’s Board of Directors and in accordance with relevant provisions the

Company convened an Employee Representative Congress on April 1 2026 and elected Mr. Lu

Haiyang as the employee director of the 11th Board of Directors of the Company. His term of

office commences on the date of election and approval at this Employee Representative Congress

and expires upon the end of the term of the 11th Board of Directors. Details were disclosed by the

Company in the form of an announcement (Announcement No. 2026-014 2026-025) on April 3

2026 in the designated information disclosure media Securities Times China Securities Journal

and Juchao Website (www.cninfo.com.cn).

5. On April 1 2026 Mr. Hu Zhaogui resigned from his position as Vice President due to a

job transfer but continued to serve as the Chairman of the Company’s subsidiary Sichuan

Changhong Air Conditioner Co. Ltd. Mr. Kou Huameng resigned from his position as Vice

President and all other positions due to a job transfer and now works at an entity of a connected

party. Due to work adjustment Mr. Wang Xiaocheng no longer served as Vice President of the

Company and is now employed by a subsidiary controlled by the Company. In accordance with

relevant provisions upon nomination by Mr. Tang Youdao President of the Company review

and approval at the 9th meeting of the Nomination Committee of the 11th Board of Directors and

deliberation and approval at the 28th meeting of the 11th Board of Directors the Company

appointed Mr. Huang Herong Mr. Tang Shenjie and Mr. Zhang Hao as Vice Presidents of the

Company. Their terms of office commence on the date of approval by the Board of Directors and

expire upon the end of the term of the 11th Board of Directors. Details were disclosed by the

Company in the form of an announcement (Announcement No. 2026-014 2026-026) on April 3

2026 in the designated information disclosure media Securities Times China Securities Journal

and Juchao Website (www.cninfo.com.cn).

6. On April 1 2026 and June 8 2026 upon deliberation at the 28th meeting of the 11th

Board of Directors and approval at the 2025 Annual General Meeting of Shareholders the 2025

Profit Distribution Proposal of the Company was approved. Based on 1007348217 shares of the

Company’s total share capital excluding 22575498 repurchased shares the Company will

distribute a cash dividend of RMB 2.10 (including tax) for every 10 shares held by all

shareholders. No stock dividend will be issued and no capital reserve will be converted into share

capital. On this basis the total cash dividend to be distributed amounts to RMB 211543125.57

(including tax). On June 16 2026 the Company disclosed the Announcement on the

Implementation of the 2025 Profit Distribution Plan and implemented the aforementioned profit

distribution plan. For detailed information the Company disclosed relevant content via

announcements (Announcement No. 2026-014 2026-016 2026-038 and 2026-039) on designated

information disclosure media including Securities Times China Securities Journal and Juchao

Website (www.cninfo.com.cn) on April 3 2026 June 9 2026 and June 16 2026.

7. On April 1 2026 and June 8 2026 upon deliberation at the 28th meeting of the 11th

Board of Directors and approval at the 2025 Annual General Meeting of Shareholders it was

agreed to reappoint Pan-China Certified Public Accountants LLP as the audit institution for the

Company’s 2026 financial statements and internal control for a term of one year. For detailed

information the Company disclosed relevant content via announcements (Announcement No.

2026-014 2026-017 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 9 2026.

8. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company and its subsidiaries are permitted to conduct forward foreign exchange transaction

business during the period from July 1 2026 to June 30 2027 mainly including forward foreign

exchange transactions RMB foreign exchange swaps RMB foreign exchange options non-

deliverable forward foreign exchange transactions and other foreign exchange derivative

transactions. The total transaction volume shall not exceed USD 2.222 billion (mainly including

US dollars Australian dollars and euros; all other foreign currencies shall be converted into US

dollars). The maximum settlement period for a single transaction shall not exceed one year. For

detailed information the Company disclosed relevant content via announcements (Announcement

No. 2026-014 2026-019 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 9 2026.

9. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company and its subsidiaries are allowed to apply to Industrial Bank Co. Ltd. Hefei Branch

for a special bill pool credit line of up to RMB 600 million with a credit term of 2 years. For

detailed information the Company disclosed relevant content via announcements (Announcement

No. 2026-014 2026-021 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 9 2026.

10. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company formulated the Remuneration Management System for Directors and Senior

Management of the Company and the 2026 Director Remuneration Plan. For detailed information

the Company disclosed relevant content via announcements (Announcement No. 2026-014 2026-

023 and 2026-038) on designated information disclosure media including Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3 2026 and June 9 2026.

11. On April 21 2026 the Company’s 29th meeting of the 11th Board of Directors approved

the appointment of Mr. Lu Haiyang as the Company’s Chief Compliance Officer. His term of

office commenced on the date of approval by the 29th meeting of the 11th Board of Directors and

will expire upon the conclusion of the term of the 11th Board of Directors. Details were disclosed

by the Company in the form of an announcement (Announcement No. 2026-028 2026-031) on

April 22 2026 in the designated information disclosure media Securities Times China Securities

Journal and Juchao Website (www.cninfo.com.cn).

12. On May 18 12.2026 and June 8 2026 the 30th meeting of the 11th Board of Directors

and the 2025 Annual General Meeting of Shareholders reviewed and approved the Proposal on

Subsidiary Suspending Investment and Construction of the Smart Home Appliance Industrial

Park Project by the Subsidiary. In view of changes in market conditions and the Company’s

production and operating plans and in accordance with the principle of prudence the Company

decided to temporarily suspend investment in and construction of the Hefei Changhong Smart

Home Appliance Industrial Park project by its subsidiary Hefei Industrial. The Chairman of the

Company was also authorized to commence construction of the project at an appropriate time

taking into account market demand and the Company’s capacity utilization.The detailed

information was disclosed by the company in the form of announcements (Announcements No.

2026-033 2026-034 and 2026-038) on the designated information disclosure media namely

Securities Times China Securities Journal and CNINFO (www.cninfo.com.cn) on May 19 and

June 9 2026.

13. On May 27 2026 the Company disclosed the Voluntary Information Disclosure

Announcement on Shareholder Appreciation Activities. In order to express gratitude to

shareholders for their long-term support establish diversified shareholder return mechanisms

enable shareholders to experience the Company’s new products and services and enhance

investors’ understanding and recognition of the Company’s intrinsic value the Company held the

“Changhong Meiling Shareholder Appreciation Event” from May 29 to May 31 2026. Details

were disclosed by the Company in the form of an announcement (Announcement No. 2026-036)

on May 27 2026 in the designated information disclosure media Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn).

14. On August 18 2026 the Company’s 34th meeting of the 11th Board of Directors

reviewed and approved the Proposal on the Revision and Formulation of Certain Corporate

Governance Policies. To further improve the Company’s operational standards and corporate

governance structure the Company revised and formulated 16 corporate governance policies in

accordance with applicable laws regulations regulatory documents and the Articles of

Association taking into account its specific circumstances. These policies include the Rules of

Procedure for Independent Directors the Rules of Procedure for Special Meetings of Independent

Directors and the Implementation Rules for the Audit Committee under the Board of Directors.Details were disclosed by the Company in the form of an announcement (Announcement No.

2026-045 2026-048) on August 20 2026 in the designated information disclosure media

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn).

15. On August 21 2026 the Company disclosed the Announcement on the Shareholding

Increase Plan by Persons Acting in Concert with the Controlling Shareholder and the Initial

Share Increase. In view of its confidence in the Company’s future development and recognition

of the Company’s long-term investment value Hong Kong Changhong a party acting in concert

with the Company’s controlling shareholder Sichuan Changhong planned to increase its holdings

of the Company’s B shares by a total of no fewer than 13.5 million shares and no more than 27

million shares inclusive of the shares acquired on August 20 2026. On August 20 2026 Hong

Kong Changhong increased its shareholding in the Company for the first time by acquiring

1173300 B shares through centralized competitive bidding via the Shenzhen Stock Exchange

trading system representing 0.11% of the Company’s total share capital. Details were disclosed

by the Company in the form of an announcement (Announcement No. 2026-049) on August 21

2026 in the designated information disclosure media Securities Times China Securities Journal

and Juchao Website (www.cninfo.com.cn).

16. On September 9 2026 the Company’s 35th meeting of the 11th Board of Directors

reviewed and approved the Proposal on Investment in and Construction of Clothes Dryer and

Dishwasher Projects by the Company and Its Subsidiary. In line with the Company’s strategic

development plan and business needs and with the aim of broadening its portfolio of white goods

and achieving high-quality development it was agreed that the Company and its subsidiary Hefei

Changhong Industrial Co. Ltd. would jointly invest in the construction of clothes dryer and

dishwasher projects using self-raised funds with a total investment of RMB 79.8 million. Upon

implementation the projects will increase clothes dryer production capacity broaden the

Company’s white goods product portfolio leverage synergies between its industrial operations

and sales channels and support the Company’s high-quality development. Details were disclosed

by the Company in the form of an announcement (Announcement No. 2026-051 2026-052) on

September 10 2026 in the designated information disclosure media Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn).V. Quarterly Financial Statements

(I) Financial Statements

1. Consolidated balance sheet

Prepared by: Changhong Meiling Co. Ltd.September 30 2026

Unit: RMB

Items Ending balance Beginning balance

Current Assets:

Cash and cash equivalents 10869512867.73 10186661869.94

Settlement reserve

Funds lent

Trading financial assets 1835761948.21 -

Derivative financial assets 51366504.11 61841784.71

Notes receivable 20313327.48 -

Accounts receivable 3001023741.90 2014944491.33

Accounts receivable financing 986267305.67 409930586.39

Prepayments 92790893.25 92667517.48

Premiums receivable

Reinsurance receivables

Reinsurance contract reserves

receivable

Other receivables 45660202.34 41558190.51

Including: Interest receivable

Dividends receivable

Financial assets purchased under

resale agreements

Inventory 2346964839.49 2079744997.60

Including: Data resources

Contract assets 693967.94 725425.50

Assets held for sale

Non-current Assets Due within One 944411491.59 659796120.71

Year

Other Current Assets 458883448.71 372910923.88

Total current assets 20653650538.42 15920781908.05

Non-Current Assets:

Loans and advances

Debt Investments 960589766.24 1661029964.49

Other debt investments

Long-term receivables

Long-term Equity Investments 71979660.81 88148806.34

Other equity instrument investments

Other Non-current Financial Assets 661955738.52 661832269.76

Investment Properties 59472230.65 63387835.97

Fixed assets 2333752536.95 2276129362.07

Construction in progress 290898643.61 127282346.90

Productive biological assets

Oil and gas assets

Right-of-use assets 114425135.93 132921569.77

intangible assets 1109566353.84 1031493131.01

Including: Data resources

Development Expenditures 167385113.16 158231792.93

Including: Data resources

Goodwill

Long-term Deferred Expenses 32507222.66 26427371.81

Deferred tax assets 133779040.31 128269696.72

Other Non-current Assets 14256181.41 26856492.34

Total non-current assets 5950567624.09 6382010640.11

Total assets 26604218162.51 22302792548.16

Current Liabilities:

Short-term borrowings 877729667.60 810099931.94

Borrowings from central bank

Funds borrowed

Trading financial liabilities

Derivative financial liabilities 58577125.57 38804849.55

Notes payable 10100683029.04 7004658556.59

Accounts payable 6560852906.41 4934324141.76

Advances Received 2032602.18 20340.81

Contract liabilities 714868087.19 871792341.16

Financial assets sold under repurchase

agreements

Deposits and interbank placements

Securities sold for clients

Securities underwriting payables

Employee Benefits Payable 316123348.19 382124656.03

Taxes payable 50389072.26 63147720.26

Other payables 1110873654.37 1154695090.66

Including: Interest payable

Dividends payable 8438469.40 7492505.08

Fees and commissions payable

Reinsurance payables

Liabilities held for sale

Non-current Liabilities Due within 49728464.47 46005202.83

One Year

Other current liabilities 16212074.04 54001977.67

Total current liabilities 19858070031.32 15359674809.26

Non-Current Liabilities:

Insurance contract reserves

Long-term Borrowings 135067500.00 111178667.25

Bonds payable

Including: Preferred shares

Perpetual bonds

Lease liabilities 95525373.75 114402511.69

Long-term Payables 11455.93 117944.72

Long-term Employee Benefits Payable 8361008.20 9021087.36

Estimated liabilities 35212883.51 33463947.66

Deferred income 190154151.20 139056707.76

Deferred tax liabilities 39340410.57 44604488.14

Other non-current liabilities

Total non-current liabilities 503672783.16 451845354.58

Total Liabilities 20361742814.48 15811520163.84

Owners’ equity:

Share capital 1029923715.00 1029923715.00

Other equity instruments

Including: Preferred shares

Perpetual bonds

Capital Reserves 2749778298.08 2749778298.08

Less: Treasury shares 150036041.38 86960746.82

Other Comprehensive Income -27342978.42 -23780049.29

Special Reserve 54729992.62 38391282.14

Surplus Reserves 551363051.46 551363051.46

General risk reserves

Undistributed Profits 1621738860.09 1824833314.77

Total equity attributable to owners of the 5830154897.45 6083548865.34

parent company

Minority Interests 412320450.58 407723518.98

Total owners’ equity 6242475348.03 6491272384.32

Total liabilities and owners’ equity 26604218162.51 22302792548.16

Legal representative: Li Xiaodong Head of accounting work: Yang Bing Head of accounting department:

Hu Xiangfei

2. Consolidated income statement for the period from the beginning of the year to the end of

the reporting period

Unit: RMB

Items Amounts incurred during the period Amount in prior period

I. Total operating revenue 22767742938.03 25392929837.63

Including: Operating revenue 22767742938.03 25392929837.63

Interest income

Earned premiums

Fee and commission income

II. Total operating costs 22807060067.17 24919740815.00

Including: Operating cost 20906678915.84 22814651602.20

Interest expense

Fee and commission expense

Surrender payments

Net claims expense

Net amount of withdrawal of insurance

reserve

Policyholder dividends paid

Reinsurance expenses

Taxes and Surcharges 83232341.26 88461144.95

Selling expenses 1129731521.87 1204355483.17

Administrative expenses 246555779.38 289887198.88

Research and Development Expenses 522011617.13 522571857.23

Financial expenses -81150108.31 -186471.43

Including: Interest expenses 30587745.30 24906755.48

Interest income 87920488.79 101392384.88

Add: Other Income 63941970.40 125123336.51

Investment income (losses indicated with “–”) 99404958.15 30072540.83

Including: Share of profit of associates and 8060761.15 8538499.92

joint ventures

Gains on derecognition of financial -7469915.31 -20419902.10

assets measured at amortized cost

Foreign exchange gains (losses indicated with

“–”)

Net hedging gains (losses indicated with “–”)

Gains from changes in fair value (losses -21642139.65 88670567.94

indicated with “–”)

Credit impairment losses (losses indicated with -4152055.76 -25339996.75

“–”)

Asset impairment losses (losses indicated with -68073475.08 -82435256.97

“–”)

Gains on disposal of assets (losses indicated 9849.97 111884.60

with “–”)

III. Operating profit (losses indicated with “–”) 30171978.89 609392098.79

Add: Non-operating Income 15732291.47 5649236.72

Less: Non-operating Expenses 3385190.72 7384314.26

IV. Total profit (total losses indicated with “–”) 42519079.64 607657021.25

Less: Income tax expenses 25468513.26 104245622.31

V. Net profit (net losses indicated with “–”) 17050566.38 503411398.94

(I) Classified by continuity of operations

1. Net profit from continuing operations (net 17050566.38 503411398.94

losses indicated with “–”)

2. Net profit from discontinued operations (net

losses indicated with “–”)

(II) Classified by ownership

1. Net profit attributable to shareholders of the 8448670.89 488406410.91

parent company (presented as “-” for net loss)

2. Profit or loss attributable to minority 8601895.49 15004988.03

shareholders (presented as “-” for net loss)

VI. Net of tax of other comprehensive income -3669254.02 -1904880.62

Other comprehensive income net of tax attributable -3562929.13 -1817393.46

to owners of the parent company

(I) Other comprehensive income not reclassifiable

to profit or loss

1. Remeasurements of defined benefit plans

2. Other comprehensive income under the

equity method not reclassifiable to profit or loss

3. Changes in fair value of other equity

instrument investments

4. Changes in fair value arising from the

Company’s own credit risk

5. Others

(II) Other comprehensive income to be reclassified -3562929.13 -1817393.46

into profit or loss

1. Other comprehensive income under the

equity method reclassifiable to profit or loss

2. Changes in fair value of other debt

investments

3. Amounts reclassified to other comprehensive

income upon reclassification of financial assets

4. Allowances for credit impairment of other

debt investments

5. Cash flow hedge reserves

6. Foreign currency financial statement -3562929.13 -1817393.46

translation difference

7. Others

Other comprehensive income net of tax attributable -106324.89 -87487.16

to minority shareholders

VII. Total Comprehensive Income 13381312.36 501506518.32

(I) Total comprehensive income attributable to 4885741.76 486589017.45

owners of the parent company

(II) Total comprehensive income attributable to 8495570.60 14917500.87

minority shareholders

VIII. Earnings per share:

(I) Basic earnings per share 0.0084 0.4743

(II) Diluted earnings per share 0.0084 0.4743

During the period the net profit realized by the acquired entity under the common control business combination

before the combination was RMB 0 and in the previous period it was RMB 0.Legal representative: Li Xiaodong Head of accounting work: Yang Bing Head of accounting department:

Hu Xiangfei

3. Consolidated cash flow statement for the period from the beginning of the year to the end

of the reporting period

Unit: RMB

Items Amounts incurred during the period Amount in prior period

I. Cash flows from operating activities:

Cash received from sale of goods and 22902491974.52 27244478389.60

provision of services

Net increase in customer deposits and

interbank placements

Net increase in borrowings from the

central bank

Net increase in funds borrowed from

other financial institutions

Cash received from original insurance

premiums

Net cash received from reinsurance

business

Net increase in policyholder deposits

and investment funds

Cash received for interest fees and

commissions

Net increase in borrowed funds

Net increase in repurchase business

funds

Net cash received from agency

securities transactions

Tax refunds received 988752222.77 1122837199.52

Other Cash Received Relating to 127267754.80 142470936.53

Operating Activities

Subtotal of Cash Inflows from Operating 24018511952.09 28509786525.65

Activities

Cash paid for purchase of goods and 20443380343.80 24162491841.26

services received

Net increase in loans and advances to

customers

Net increase in placements with the

central bank and other banks

Cash paid for claims under original

insurance contracts

Net increase in funds lent

Cash paid for interest fees and

commissions

Cash paid for policyholder dividends

Cash paid to and on behalf of 1651529341.93 1694985888.04

employees

Cash paid for various taxes 264486991.83 433837530.22

Other Cash Paid Relating to Operating 802336875.82 873576151.81

Activities

Subtotal of Cash Outflows from 23161733553.38 27164891411.33

Operating Activities

Net cash flows generated from operating 856778398.71 1344895114.32

activities

II. Cash flows from investing activities:

Cash received from investment 23953501623.90 20906761598.30

recovery

Cash received from investment 103369167.81 108802511.20

income

Net cash received from disposal of

fixed assets intangible assets and other 2378800.42 1404030.10

long-term assets

Net cash received from disposal of

subsidiaries and other business units

Other Cash Received Relating to 224531627.51 123604562.13

Investing Activities

Subtotal of Cash Inflows from Investing 24283781219.64 21140572701.73

Activities

Cash paid for acquisition and 371124630.65 335245837.22

construction of fixed assets intangible

assets and other long-term assets

Cash paid for investments 25376857648.48 23370000000.00

Net increase in pledged loans

Net cash paid to acquire subsidiaries

and other business units

Other Cash Paid Relating to Investing 14224866.33 134132125.91

Activities

Subtotal of Cash Outflows from 25762207145.46 23839377963.13

Investing Activities

Net Cash Flows from Investing -1478425925.82 -2698805261.40

Activities

III. Cash flows from financing activities:

Cash received from capital

contributions

Including: Cash received from

minority shareholders’ investment in

subsidiaries

Cash received from borrowings 1390113600.00 2779799558.07

Other Cash Received Relating to 1653841240.19 332226468.58

Financing Activities

Subtotal of Cash Inflows from Financing 3043954840.19 3112026026.65

Activities

Cash paid for repayment of debts 1297635811.06 2503042196.13

Cash paid for dividends profit 236988857.08 362242151.38

distribution or interest

Including: Dividends and profit paid 4574784.06 4066474.72

to minority shareholders by subsidiaries

Other Cash Paid Relating to Financing 1192550319.70 202114377.38

Activities

Subtotal of Cash Outflows from 2727174987.84 3067398724.89

Financing Activities

Net cash flows from financing activities 316779852.35 44627301.76

IV. Effect of exchange rate changes on -36225533.31 5683154.75

cash and cash equivalents

V. Net increase in cash and cash -341093208.07 -1303599690.57

equivalents

Add: Cash and cash equivalents at 9759861189.08 9976098734.11

beginning of period

VI. Ending balance of cash and cash 9418767981.01 8672499043.54

equivalents

Legal representative: Li Xiaodong Head of accounting work: Yang Bing Head of accounting department:

Hu Xiangfei

(II) Adjustments to relevant items in the opening financial statements for the year of first-

time adoption of new accounting standards effective from 2026

□ Applicable √ Not applicable

(III) Audit Report

Has the financial and accounting report for the third quarter been audited

□ Yes √ No

The Company’s financial and accounting report for the third quarter has not been audited.

Board of Directors of Changhong Meiling Co. Ltd.October 27 2026

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