Announcement on Abnormal Stock Trading Fluctuations

Stock Code: 000533

Stock Abbreviation: Shunna Shares

Announcement Number: 2026-028

Guangdong Shunna Electric Power Co., Ltd.

Announcement on Abnormal Stock Trading Fluctuations

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

Key Information Highlights:

1. Guangdong Shunna Electric Power Co., Ltd. (hereinafter referred to as the "Company", Stock Abbreviation: Shunna Shares, Stock Code: 000533) experienced abnormal stock trading fluctuations, with its closing price increase deviation value accumulating to 22.71% over two consecutive trading days (July 23, 2026, and July 24, 2026), in accordance with the relevant regulations of the Shenzhen Stock Exchange.

2. The Company's largest shareholder and controlling shareholder, Guangzhou Huifu Boyan Investment Partnership (Limited Partnership) (hereinafter referred to as "Huifu Boyan"), had 120,000,000 shares of the Company's stock judicially auctioned, representing 100% of its holdings and 17.37% of the Company's total share capital. These shares were auctioned on the Taobao Judicial Auction online platform from 10:00 on June 16, 2026, to 10:00 on June 17, 2026. The first auction failed due to no bids within the stipulated period. As of now, the second auction for Huifu Boyan's shares has not yet commenced, and Huifu Boyan remains the Company's largest shareholder and controlling shareholder.

3. In 2025, the Company achieved operating revenue of 2.239 billion yuan, a year-on-year decrease of 7.46%, and net profit attributable to shareholders of the listed company was 101.944 million yuan, a year-on-year increase of 8.40%. The proportion of overseas business revenue to operating revenue was 14.93%; the proportion of nuclear power business revenue to operating revenue was low. In the first quarter of 2026, rising raw material prices led to a synchronous increase in operating costs, and exchange rate losses caused an increase in financial expenses. Therefore, in the first quarter of 2026, operating revenue was 492 million yuan, a year-on-year increase of 1.13%, and net profit attributable to shareholders of the listed company was 16.914 million yuan, a year-on-year decrease of 13.28%. Investors are advised to invest rationally and be aware of investment risks.

4. As of July 23, 2026, the Company's latest static P/E ratio was 58.82 times, the latest trailing P/E ratio was 60.35 times, and the latest P/B ratio was 6.08 times. The Company belongs to the electrical machinery and equipment manufacturing industry (C38) according to the China Association of Machinery Industry classification. According to data released by Wind Information on July 23, 2026, the industry's latest static P/E ratio was 23.72 times, the latest trailing P/E ratio was 23.15 times, and the latest P/B ratio was 2.93 times. The Company's latest P/E and P/B ratios show a significant difference from the industry average. The capital market is influenced by multiple factors, and the Company's stock price may be affected by macroeconomic conditions, industry policies, capital market sentiment, investor expectations, and the Company's operating performance. The Company reminds investors to fully understand market risks, pay attention to secondary market trading risks, make prudent decisions, and enhance risk awareness.