Securities Code: 002329 Securities Abbreviation: Huangshi Group Announcement No.: 2026 - 005 Huangshi Group Co., Ltd. Revised Announcement of 2025 Performance Forecast The Company and all members of the Board of Directors guarantee that the content of information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. I. Expected Performance for the Current Period
- Performance Forecast Period: January 1, 2025 to December 31, 2025.
- Previous Performance Forecast: Huangshi Group Co., Ltd. (hereinafter referred to as the "Company") disclosed the "2025 Performance Forecast" (Announcement No.: 2026-001) on the Juchao Information Network (http://www.cninfo.com.cn) on January 31, 2026. The forecast indicated that the net profit attributable to shareholders of the listed company in 2025 was expected to be approximately -280 million yuan to -190 million yuan, and the net profit after deducting non-recurring gains and losses was expected to be approximately -310 million yuan to -220 million yuan, with basic earnings per share of approximately -0.3427 yuan/share to -0.2326 yuan/share.
- Revised Expected Performance (1) Performance forecast with interval figures | Item | Unit: Ten Thousand Yuan | |---|---| | Attributable to shareholders of the listed company's net profit | Original Forecast | Latest Forecast | Year-on-Year | Whether Revised | |---|---|---|---|---| | -28,000 ~ -19,000 | -49,000 ~ -42,000 | -68,067.50 | Yes | | Net profit after deducting non-recurring gains and losses | -31,000 ~ -22,000 | -51,800 ~ -44,800 | -50,449.49 | Yes | | Basic earnings per share (RMB/share) | -0.3427 ~ -0.2326 | -0.5998 ~ -0.5141 | -0.8126 | Yes | II. Communication with the Accounting Firm The Company has communicated with the accounting firm regarding the matters related to the revision of this performance forecast, and there are no disagreements between the Company and the accounting firm on the revision of the performance forecast. III. Explanation of Performance Revision When preparing the initial performance forecast, due to the fact that the annual audit work had not yet been fully carried out, the Company's calculation of the impairment of long-term equity investment in Tai'an Shuzhi City Operations Co., Ltd. (hereinafter referred to as "Shuzhi Operations") was mainly based on the internal information and data provided by the investee. As the annual audit and evaluation work progressed, the Company obtained more complete and detailed financial and operational information from the investee and commissioned an independent third-party appraisal institution to conduct a special assessment of the recoverable amount of the investee. The assessment confirmed that the recoverable amount of the investee was lower than the Company's previous estimated amount, resulting in a significant difference from the book value of the long-term equity investment. In accordance with the principle of accounting prudence, the Company re-examined and judged this long-term equity investment, confirming that there were obvious signs of impairment, and the recoverable amount was far below the book value. To truthfully and accurately reflect the Company's financial position, the Company has supplemented the provision for impairment of long-term equity investment, and accordingly revised the previous performance forecast. IV. Other Explanations
- The Company's production and operation are currently normal. The Company sincerely apologizes to investors for any inconvenience caused by this revision of the performance forecast.
- As of the date of this announcement, the audit work for the Company's 2025 annual report is still in progress. This performance forecast revision is the preliminary calculation result of the Company's finance department and has not been audited by the accounting firm. The final financial data shall be subject to the audited "2025 Annual Report" officially disclosed by the Company. Investors are requested to make prudent decisions and pay attention to investment risks. Hereby announced. Huangshi Group Co., Ltd. Board of Directors April 1, 2026