Securities Code: 000985 Securities Abbreviation: Daqing Huake Announcement No.: 2026011 Daqing Huake Co., Ltd. 2026 First Quarter Report The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions. Important Content Notice:
- The Board of Directors and its members, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, and assume individual and joint legal liability for any false records, misleading statements, or significant omissions.
- The Company's principal, the person in charge of accounting, and the head of the accounting department (accounting supervisor) declare: Guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report.
- Has the first quarter financial accounting report been audited: No I. Main Financial Data (I) Main Accounting Data and Financial Indicators Does the company need to retrospectively adjust or restate prior year accounting data: No | Item | Current Period | Prior Year Period | Year-on-Year Change (%) | |---|---|---|---| | Operating Revenue (RMB) | 440,716,830.76 | 501,980,817.11 | -12.20% | | Net Profit Attributable to Shareholders of Listed Companies (RMB) | 5,656,381.93 | 7,127,128.56 | -20.64% | | Net Profit Attributable to Shareholders of Listed Companies Excluding Extraordinary Items (RMB) | 5,112,872.98 | 6,583,740.67 | -22.34% | | Net Cash Flow from Operating Activities (RMB) | 44,544,055.51 | 41,161,748.29 | 8.22% | | Basic Earnings Per Share (RMB/share) | 0.044 | 0.055 | -20.00% | | Diluted Earnings Per Share (RMB/share) | 0.044 | 0.055 | -20.00% | | Weighted Average Return on Equity | 0.92% | 1.16% | -0.24% | | Total Assets (RMB) | 722,197,217.49 | 661,025,865.48 | 9.25% | | Owner's Equity Attributable to Shareholders of Listed Companies (RMB) | 611,859,749.10 | 604,822,326.35 | 1.16% | (II) Extraordinary Gains and Losses Items and Amounts | Item | Amount in Current Period | Remarks | |---|---|---| | Government subsidies included in current profit or loss (excluding government subsidies closely related to the company's normal business operations, in line with national policies, recognized according to defined standards, and having a continuous impact on the company's profit or loss) | 711,323.99 | | | Other non-operating income and expenses other than the above | 13,354.61 | | | Less: Impact of income tax | 181,169.65 | | | Total | 543,508.95 | | The company has no other items that meet the definition of extraordinary gains and losses. The company has no items listed in the "Explanations for Disclosure of Information by Companies Issuing Public Securities No. 1 - Extraordinary Gains and Losses" that are defined as recurring gains and losses. (III) Changes in Main Accounting Data and Financial Indicators and Reasons Balance Sheet | Item | Year-End Balance | Beginning of Year Balance | Change | Reason | |---|---|---|---|---| | Monetary Funds | 377,373,472.36 | 334,351,557.99 | 12.87% | | | Other Current Assets | | 5,364,720.46 | -100.00% | This item is reclassified from VAT credit carryforward. The VAT credit carryforward is 0 at the end of the period. | | Contract Liabilities | 16,203,654.08 | 10,804,773.54 | 49.97% | Increase in advance receipts from customers | | Other Current Liabilities | 9,000,342.24 | 1,285,618.56 | 600.08% | Impact of accruals for various expenses during the period | Income Statement | Item | Amount in Current Period | Amount in Prior Period | Change | Reason | |---|---|---|---|---| | Research and Development Expenses | 53,879.22 | 419,800.44 | -87.17% | Due to the actual progress of R&D projects, the number of R&D personnel decreased. | | Impairment Loss of Assets | | -768,908.25 | 100.00% | No inventory impairment loss occurred in the current period. | | Income Tax Expense | 1,885,460.64 | 2,375,709.52 | -20.64% | | | Net Profit | 5,656,381.93 | 7,127,128.56 | -20.64% | | II. Shareholder Information (I) Total Number of Common Shareholders and Number of Priority Shareholders with Voting Rights Restored, and Shareholding of Top Ten Shareholders Unit: Share Total number of common shareholders at the end of the report period: 9,627 Number of priority shareholders with voting rights restored at the end of the report period (if any): 0 Top 10 Shareholders by Shareholding (excluding shares lent through re-lending) | Shareholder Name | Shareholder Nature | Proportion of Holdings (%) | Number of Shares Held | Conditions for Holding Shares (Pledged, Marked, Frozen) | |---|---|---|---|---| | | | | | | Number of Shares | Status | | China Petroleum Daqing Petrochemical Company | State-owned Legal Person | 55.03% | 71,339,700 | 0 Not Applicable | 0 | | | Daqing High-tech State-owned Assets Operation Co., Ltd. | State-owned Legal Person | 8.47% | 10,980,900 | 0 Not Applicable | 0 | | | #Zhou Shundong | Domestic Individual | 1.72% | 2,228,800 | 0 Not Applicable | 0 | | | J. P. Morgan Securities PLC - Own Funds | Foreign Legal Person | 0.68% | 881,535 | 0 Not Applicable | 0 | | | Goldman Sachs Group, Inc. | Foreign Legal Person | 0.64% | 832,685 | 0 Not Applicable | 0 | | | #Peng Ruorong | Domestic Individual | 0.56% | 725,410 | 0 Not Applicable | 0 | | | Chen Yiming | Domestic Individual | 0.42% | 541,300 | 0 Not Applicable | 0 | | | China Construction Bank Co., Ltd. - Huaxia New Jinxi Flexible Allocation Mixed Securities Investment Fund | Other | 0.40% | 518,200 | 0 Not Applicable | 0 | | | Mei Meizhen | Domestic Individual | 0.35% | 453,954 | 0 Not Applicable | 0 | | | Sun Dingbao | Domestic Individual | 0.35% | 451,483 | 0 Not Applicable | 0 | | Top 10 Shareholders by Unrestricted Shares Held (excluding shares lent through re-lending, shares held by executives) | Shareholder Name | Number of Shares Held | Share Type | Number of Shares | |---|---|---|---| | China Petroleum Daqing Petrochemical Company | 71,339,700 | RMB Ordinary Shares | 71,339,700 | | Daqing High-tech State-owned Assets Operation Co., Ltd. | 10,980,900 | RMB Ordinary Shares | 10,980,900 | | #Zhou Shundong | 2,228,800 | RMB Ordinary Shares | 2,228,800 | | J. P. Morgan Securities PLC - Own Funds | 881,535 | RMB Ordinary Shares | 881,535 | | Goldman Sachs Group, Inc. | 832,685 | RMB Ordinary Shares | 832,685 | | #Peng Ruorong | 725,410 | RMB Ordinary Shares | 725,410 | | Chen Yiming | 541,300 | RMB Ordinary Shares | 541,300 | | China Construction Bank Co., Ltd. - Huaxia New Jinxi Flexible Allocation Mixed Securities Investment Fund | 518,200 | RMB Ordinary Shares | 518,200 | | Mei Meizhen | 453,954 | RMB Ordinary Shares | 453,954 | | Sun Dingbao | 451,483 | RMB Ordinary Shares | 451,483 | Explanation of Related Party Relationships or Concerted Actions Among Shareholders: There are no related party relationships among shareholders holding more than 5% of the company's shares. It is unknown whether other shareholders have related party relationships or are acting in concert as defined by the "Administrative Measures for Disclosure of Changes in Shareholding of Listed Companies." Zhou Shundong holds 397,500 shares of the company through a securities account for margin trading and securities lending with Donghai Securities Co., Ltd., accounting for 0.31% of the company's share capital. He holds 1,831,300 shares through a regular securities account, accounting for 1.41% of the company's share capital. His cumulative shareholding is 2,228,800 shares, representing 1.72%. Peng Ruorong holds 725,410 shares of the company through a securities account for margin trading and securities lending with China Merchants Securities Co., Ltd., accounting for 0.56% of the company's share capital. He holds 0 shares through a regular securities account, accounting for 0% of the company's share capital. His cumulative shareholding is 725,410 shares, representing 0.56%. Information on Top 10 Shareholders and Top 10 Shareholders with Unrestricted Shares Participating in Securities Lending and Repurchase Business: Not Applicable Changes in Top 10 Shareholders and Top 10 Shareholders with Unrestricted Shares Due to Securities Lending and Repurchase Business Compared to the Previous Period: Not Applicable Not Applicable (II) Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred Shareholders: III. Other Important Matters Daqing Huake Co., Ltd. 2026 First Quarter Announcement | No. | Announcement Title | Announcement Date | Media | Media | |---|---|---|---|---| | 2026001 | 2025 Annual Performance Forecast | January 30, 2026 | China Securities Journal B010 | Shanghai Securities News 48th Edition | | 2026002 | Resolution Announcement of the First Extraordinary Board Meeting of the Ninth Board of Directors in 2026 | January 30, 2026 | China Securities Journal B010 | Shanghai Securities News 48th Edition | | 2026003 | Announcement on Changing the Company's Securities Affairs Representative | January 30, 2026 | China Securities Journal B010 | Shanghai Securities News 48th Edition | | 2026004 | Notice of the First Extraordinary General Meeting of Shareholders in 2026 | January 30, 2026 | China Securities Journal B010 | Shanghai Securities News 48th Edition | | 2026005 | Announcement of the First Extraordinary General Meeting of Shareholders in 2026 | February 25, 2026 | China Securities Journal B022 | Shanghai Securities News 14th Edition | | 2026006 | Resolution Announcement of the First Extraordinary General Meeting of Shareholders in 2026 | February 28, 2026 | China Securities Journal B049 | Shanghai Securities News 78th Edition | | 2026007 | Announcement on Abnormal Stock Trading Fluctuations | March 4, 2026 | China Securities Journal B017 | Shanghai Securities News 30th Edition | IV. Quarterly Financial Statements (I) Financial Statements
- Consolidated Balance Sheet Prepared by: Daqing Huake Co., Ltd. As of March 31, 2026 Unit: RMB | Item | Year-End Balance | Beginning of Year Balance | |---|---|---| | Current Assets: | | | | Monetary Funds | 377,373,472.36 | 334,351,557.99 | | Settlement Provisions | | | | Placed Funds | | | | Financial Assets Held for Trading | | | | Derivative Financial Assets | | | | Notes Receivable | | | | Accounts Receivable | 5,420,213.39 | | | Financing Receivables | | | | Prepayments | 24,788.00 | 24,788.00 | | Insurance Receivables | | | | Reinsurance Receivables | | | | Reinsurance Contract Reserve | | | | Other Receivables | 77,254.98 | | | Of which: Interest Receivable | | | | Dividends Receivable | | | | Financial Assets Purchased Under Repurchase Agreements | | | | Inventory | 65,117,403.67 | 39,880,911.07 | | Of which: Data Resources | | | | Contract Assets | | | | Assets Held for Sale | | | | Non-current Assets Due Within One Year | 5,364,720.46 | | | Other Current Assets | | | | Total Current Assets | 448,013,132.40 | 379,621,977.52 | | Non-current Assets: | | | | Loans and Advances to Customers | | | | Debt Investments | | | | Other Debt Investments | | | | Long-term Receivables | | | | Long-term Equity Investments | | | | Other Equity Instrument Investments | | | | Other Non-current Financial Assets | | | | Investment Properties | 617,196.01 | 617,196.01 | | Fixed Assets | 224,761,109.75 | 232,161,653.49 | | Construction in Progress | | | | Productive Biological Assets | | | | Oil and Gas Assets | | | | Right-of-Use Assets | 1,278,004.35 | | | Intangible Assets | 11,333,974.67 | 11,772,319.59 | | Of which: Data Resources | | | | Development Expenses | | | | Of which: Data Resources | | | | Goodwill | 10,040,533.57 | 10,699,452.13 | | Long-term Deferred Expenses | 26,153,266.74 | 26,153,266.74 | | Deferred Tax Assets | | | | Other Non-current Assets | | | | Total Non-current Assets | 274,184,085.09 | 281,403,887.96 | | Total Assets | 722,197,217.49 | 661,025,865.48 | | Current Liabilities: | | | | Short-term Borrowings | | | | Central Bank Borrowings | | | | Funds Borrowed | | | | Financial Liabilities Held for Trading | | | | Derivative Financial Liabilities | | | | Notes Payable | 56,122,768.07 | 19,525,336.99 | | Accounts Payable | | | | Advances Received | 16,203,654.08 | 10,804,773.54 | | Contract Liabilities | | | | Funds from Repurchase Agreements | | | | Deposits from Customers and Interbank Deposits | | | | Securities Held for Others | | | | Securities Underwritten for Others | | | | Employee Benefits Payable | 9,207,112.81 | 9,007,823.02 | | Taxes Payable | 2,124,273.60 | 436,790.45 | | Other Payables | 8,336,849.25 | 5,864,012.26 | | Of which: Interest Payable | | | | Dividends Payable | | | | Fees and Commissions Payable | | | | Reinsurance Payables | | | | Liabilities Held for Sale | 9,000,342.24 | 1,285,618.56 | | Non-current Liabilities Due Within One Year | | | | Other Current Liabilities | | | | Total Current Liabilities | 100,995,000.05 | 46,924,354.82 | | Non-current Liabilities: | | | | Insurance Contract Reserves | | | | Long-term Borrowings | | | | Bonds Payable | 755,108.02 | | | Of which: Preferred Shares | | | | Lease Liabilities | | | | Perpetual Bonds | | | | Long-term Payables | | | | Long-term Employee Benefits Payable | | | | Provisions | 8,587,360.32 | 9,279,184.31 | | Deferred Tax Liabilities | | | | Other Non-current Liabilities | 9,342,468.34 | 9,279,184.31 | | Total Non-current Liabilities | 110,337,468.39 | 56,203,539.13 | | Total Liabilities | | | | Owner's Equity: | | | | Share Capital | 129,639,500.00 | 129,639,500.00 | | Other Equity Instruments | | | | Of which: Preferred Shares | | | | Perpetual Bonds | | | | Capital Reserve | 290,907,198.58 | 290,907,198.58 | | Less: Treasury Shares | | | | Other Comprehensive Income | 4,776,698.02 | 3,395,657.20 | | Special Reserves | 62,404,595.44 | 62,404,595.44 | | Surplus Reserve | | | | General Risk Reserve | | | | Undistributed Profits | 124,131,757.06 | 118,475,375.13 | | Total Equity Attributable to Parent Company Owners | 611,859,749.10 | 604,822,326.35 | | Minority Interests | | | | Total Owner's Equity | 611,859,749.10 | 604,822,326.35 | | Total Liabilities and Owner's Equity | 722,197,217.49 | 661,025,865.48 | Legal Representative: Dou Yan Chief Accountant: Wu Yunfeng Chief Accountant: Li Jinping
- Consolidated Income Statement Unit: RMB | Item | Amount in Current Period | Amount in Prior Period | |---|---|---| | I. Total Operating Revenue | | | | Of which: Operating Revenue | 440,716,830.76 | 501,980,817.11 | | Interest Income | | | | Earned Premiums | | | | Fees and Commissions Income | | | | II. Total Operating Costs | 433,873,403.86 | 492,511,772.44 | | Of which: Operating Costs | 411,134,252.06 | 469,256,967.24 | | Interest Expense | | | | Fees and Commissions Expense | | | | Surrender Value Payments | | | | Claims Paid | | | | Net Increase in Insurance Contract Reserve | | | | Policy Dividend Expense | | | | Reinsurance Expense | 1,732,559.87 | 2,630,778.29 | | Taxes and Surcharges | 872,227.57 | 813,877.37 | | Selling Expenses | 21,284,810.93 | 20,264,790.24 | | Administrative Expenses | 53,879.22 | 419,800.44 | | Research and Development Expenses | -1,204,325.79 | -874,441.14 | | Financial Expenses | 7,597.72 | | | Of which: Interest Expense | -1,218,408.78 | -878,359.74 | | Interest Income | 705,178.60 | 674,531.76 | | Add: Other Income | 42,525.00 | | | Investment Income (Loss is indicated by "-") | | | | Of which: Investment Income from Joint Ventures and Associates | | | | Gains from Derecognition of Financial Assets Measured at Amortized Cost | -68,787.93 | 78,184.47 | | Exchange Gains (Losses indicated by "-") | | | | Net Gains from Hedging Instruments (Losses indicated by "-") | | | | Gains from Changes in Fair Value (Losses indicated by "-") | | | | Credit Impairment Losses (Losses indicated by "-") | | | | Asset Impairment Losses (Losses indicated by "-") | | -768,908.25 | | Asset Disposal Gains (Losses indicated by "-") | 7,522,342.57 | 9,452,852.65 | | III. Operating Profit (Loss indicated by "-") | 19,500.00 | 50,000.00 | | Add: Non-operating Income | | 14.57 | | Less: Non-operating Expenses | | | | IV. Total Profit (Total Loss indicated by "-") | 7,541,842.57 | 9,502,838.08 | | Less: Income Tax Expense | 1,885,460.64 | 2,375,709.52 | | V. Net Profit (Net Loss indicated by "-") | 5,656,381.93 | 7,127,128.56 | | (I) Classified by Continuity of Operations | | | | 1. Net Profit from Continuing Operations (Net Loss indicated by "-") | 5,656,381.93 | 7,127,128.56 | | 2. Net Profit from Discontinued Operations (Net Loss indicated by "-") | | | | (II) Classified by Ownership | | | | 1. Net Profit Attributable to Parent Company Owners | 5,656,381.93 | 7,127,128.56 | | 2. Net Profit Attributable to Minority Shareholders | | | | VI. Net Other Comprehensive Income, Net of Tax | | | | Net Other Comprehensive Income Attributable to Parent Company Owners | | | | (I) Other Comprehensive Income Not Reclassifiable to Profit or Loss | | | | 1. Changes in Defined Benefit Plan | | | | 2. Other Comprehensive Income Not Reclassifiable to Profit or Loss Under Equity Method | | | | 3. Changes in Fair Value of Other Equity Instrument Investments | | | | 4. Changes in Fair Value of Own Credit Risk | | | | 5. Other | | | | (II) Other Comprehensive Income Reclassifiable to Profit or Loss | | | | 1. Other Comprehensive Income Reclassifiable to Profit or Loss Under Equity Method | | | | 2. Changes in Fair Value of Other Debt Investments | | | | 3. Amount of Financial Assets Reclassified to Other Comprehensive Income | | | | 4. Provision for Impairment of Other Debt Investments | | | | 5. Hedging Reserve for Cash Flow | | | | 6. Translation Difference for Financial Statements in Foreign Currencies | | | | 7. Other | | | | Net Other Comprehensive Income Attributable to Minority Shareholders | | | | VII. Total Comprehensive Income | 5,656,381.93 | 7,127,128.56 | | Total Comprehensive Income Attributable to Parent Company Owners | 5,656,381.93 | 7,127,128.56 | | Total Comprehensive Income Attributable to Minority Shareholders | | | | VIII. Earnings Per Share: | | | | (I) Basic Earnings Per Share | 0.044 | 0.055 | | (II) Diluted Earnings Per Share | 0.044 | 0.055 | If there was a business combination under common control in the current period, the net profit of the acquired party before the combination was: RMB 0.00, and the net profit of the acquired party in the prior period was: RMB 0.00. Legal Representative: Dou Yan Chief Accountant: Wu Yunfeng Chief Accountant: Li Jinping
- Consolidated Cash Flow Statement Unit: RMB | Item | Amount in Current Period | Amount in Prior Period | |---|---|---| | I. Cash Flows from Operating Activities: | | | | Cash Received from Sales of Goods and Rendering of Services | 505,655,748.61 | 618,637,068.13 | | Net Increase in Customer Deposits and Interbank Deposits | | | | Net Increase in Central Bank Borrowings | | | | Net Increase in Funds Borrowed from Other Financial Institutions | | | | Cash Received from Original Insurance Contracts | | | | Cash Received from Reinsurance Business | | | | Net Increase in Policyholder Deposits and Investments | | | | Cash Received from Interest, Fees, and Commissions | 419,845.36 | 340,520.15 | | Net Increase in Funds Borrowed | 1,952,096.25 | 1,759,418.94 | | Net Increase in Repurchase Agreements | 508,027,690.22 | 620,737,007.22 | | Cash Received from Securities Transactions | 432,279,335.18 | 540,008,833.79 | | Tax Refunds Received | | | | Other Cash Received Related to Operating Activities | 24,871,865.53 | 23,811,326.26 | | Subtotal of Operating Cash Inflows | 3,415,500.69 | 13,055,653.71 | | Cash Paid for Goods and Services | 2,916,933.31 | 2,699,445.17 | | Net Increase in Customer Loans and Advances | 463,483,634.71 | 579,575,258.93 | | Deposits with Central Bank and Interbank Deposits | | | | Cash Paid for Original Insurance Claims | | | | Net Increase in Funds Lent | | | | Cash Paid for Interest, Fees, and Commissions | 44,544,055.51 | 41,161,748.29 | | Cash Paid for Policy Dividends | | | | Cash Paid to Employees and for Employee Benefits | 42,525.00 | 42,525.00 | | Payments for Various Taxes | 936,811.94 | 24,372,680.64 | | Other Cash Paid Related to Operating Activities | | | | Subtotal of Operating Cash Outflows | 936,811.94 | 24,372,680.64 | | Net Cash Flows from Operating Activities | -894,286.94 | -24,372,680.64 | | II. Cash Flows from Investing Activities: | | | | Cash Received from Investment Returns | | | | Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-term Assets | | | | Cash Received from Disposal of Subsidiaries and Other Business Units | | | | Other Cash Received Related to Investing Activities | | | | Subtotal of Investing Cash Inflows | 43,649,768.57 | 16,789,067.65 | | Cash Paid for Purchase of Fixed Assets, Intangible Assets, and Other Long-term Assets | 113,723,703.79 | 328,196,061.84 | | Cash Paid for Investments | | | | Net Increase in Pledged Loans | | | | Cash Paid for Acquisition of Subsidiaries and Other Business Units | | | | Other Cash Paid Related to Investing Activities | | | | Subtotal of Investing Cash Outflows | 157,373,472.36 | 344,985,129.49 | | Net Cash Flows from Investing Activities | | | | III. Cash Flows from Financing Activities: | | | | Cash Received from Absorbed Investments | | | | Of which: Cash Received from Minority Shareholders' Investments in Subsidiaries | | | | Cash Received from Borrowings | | | | Other Cash Received Related to Financing Activities | | | | Subtotal of Financing Cash Inflows | | | | Cash Paid for Debt Repayments | | | | Cash Paid for Dividends, Profit Distribution, or Interest Payment | | | | Of which: Dividends and Profits Paid by Subsidiaries to Minority Shareholders | | | | Other Cash Paid Related to Financing Activities | | | | Subtotal of Financing Cash Outflows | | | | Net Cash Flows from Financing Activities | | | | IV. Impact of Exchange Rate Changes on Cash and Cash Equivalents | | | | V. Net Increase in Cash and Cash Equivalents | | | | Add: Cash and Cash Equivalents at Beginning of Period | | | | VI. Cash and Cash Equivalents at End of Period | | | (II) Information on the adjustment of relevant items in the financial statements at the beginning of the year when first implementing new accounting standards from 2026: Not Applicable (III) Audit Report The company's first quarter financial accounting report has not been audited. Legal Representative: Dou Yan Daqing Huake Co., Ltd. Board of Directors 2026 April 23