2026 First Quarter Report

CREAT Beijing Ke Rui 2026 First Quarter Report Securities Code: 002350 Securities Abbreviation: Beijing Ke Rui Announcement No.: 2026-027 Beijing Ke Rui Group Co., Ltd. 2026 First Quarter Report The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions. Important Content Notice:

1. The Board of Directors, Directors, 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 major omissions.
2. The Company's principal, person in charge of accounting, and head of the accounting department (chief accountant) declare: Guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report.
3. Has the first quarter financial accounting report been audited? □ Yes □ No

CREAT Beijing Ke Rui I. Main Financial Data (I) Main Accounting Data and Financial Indicators Does the Company need to retrospectively adjust or restate prior year accounting data? □ Yes □ No Revenue (RMB) Net profit attributable to parent company shareholders (RMB) Net profit attributable to parent company shareholders after deducting non-recurring gains and losses (RMB) Net cash flow from operating activities (RMB) Basic Earnings Per Share (RMB/share) Diluted Earnings Per Share (RMB/share) Weighted average return on equity Total Assets (RMB) Owners' equity attributable to parent company shareholders (RMB) (II) Items and Amounts of Non-recurring Gains and Losses □ Applicable ☑ Not Applicable Item Gains or losses from disposal of non-current assets (including write-offs of provision for asset impairment) Government subsidies included in current profit or loss (excluding those closely related to the Company's normal business, in line with national policies, determined according to established standards, and having a continuous impact on the Company's profit or loss) Other business income and expenses other than the above Less: Impact of income tax Subtotal Less: Impact of minority shareholders' equity (after tax) Other items that meet the definition of non-recurring gains and losses □ Applicable ☑ Not Applicable The Company has no other items that meet the definition of non-recurring gains and losses. Explanation of the situation where items listed in the "Explanations for Disclosure of Information by Companies Issuing Securities No. 1 - Non-recurring Gains and Losses" are classified as recurring gains and losses □ Applicable ☑ Not Applicable The Company has no situation where items listed in the "Explanations for Disclosure of Information by Companies Issuing Securities No. 1 - Non-recurring Gains and Losses" are classified as recurring gains and losses. (III) Changes in Main Accounting Data and Financial Indicators and Reasons ☑ Applicable □ Not Applicable

CREAT Beijing Ke Rui

1. Accounts receivable at the end of the period increased by RMB 2.504 million compared to the beginning of the period, an increase of 79.34%, mainly due to the increase in commercial acceptance bills held by the Company at the end of the period compared to the beginning of the period.
2. Accounts receivable financing at the end of the period decreased by RMB 28.304 million compared to the beginning of the period, a decrease of 40.34%, mainly due to the decrease in bank acceptance bills held by the Company at the end of the period compared to the beginning of the period.
3. Construction in progress at the end of the period increased by RMB 12.1531 million compared to the beginning of the period, an increase of 2,443.60%, mainly due to the new construction of the Gu'an Phase III photovoltaic power station project during the reporting period.
4. Employee benefits payable at the end of the period decreased by RMB 21.1639 million compared to the beginning of the period, a decrease of 60.68%, mainly due to the payment of performance bonuses accrued at the end of the previous period during this reporting period.
5. Taxes payable at the end of the period increased by RMB 6.6606 million compared to the beginning of the period, an increase of 50.95%, mainly due to the increase in value-added tax payable by the Company at the end of the period.
6. Other payables at the end of the period increased by RMB 24.3496 million compared to the beginning of the period, an increase of 100.94%, mainly due to the bid security deposits collected from suppliers during the reporting period.
7. Operating costs increased by RMB 105.261 million in the current period compared to the same period last year, an increase of 31.37%, mainly due to the lower gross profit margin of contracted projects executed by the Company during the reporting period and the significant increase in the prices of major raw materials.
8. Taxes and surcharges increased by RMB 167.5 million in the current period compared to the same period last year, an increase of 61.41%, mainly due to the increase in value-added tax payable by the Company in the current period compared to the same period last year.
9. Administrative expenses increased by RMB 11.8001 million in the current period compared to the same period last year, an increase of 43.23%, mainly due to the amortization expenses of the second employee stock ownership plan during the reporting period.
10. Financial expenses decreased by RMB 74.32 million in the current period compared to the same period last year, a decrease of 114.06%, mainly due to the increase in interest income in the current period compared to the same period last year.
11. Other income decreased by RMB 520.98 million in the current period compared to the same period last year, a decrease of 94.19%, mainly due to the decrease in related benefits from the additional deduction of input VAT for advanced manufacturing enterprises enjoyed by the Company.
12. Impairment loss on receivables decreased by RMB 529.81 million in the current period compared to the same period last year, a decrease of 41.82%, mainly due to the Company's continuous strengthening of customer credit control and the efforts to sort out and collect receivables.
13. Income tax expenses decreased by RMB 332.9 million in the current period compared to the same period last year, a decrease of 161.50%, mainly due to the change in the recognition of deferred tax assets from deductible losses, which led to an increase in deferred tax expenses year-on-year.
14. Net cash flow from operating activities increased by RMB 937.573 million in the current period compared to the same period last year, an increase of 86.08%, mainly due to the increase in cash received from sales of goods and rendering of services by the Company in the current period compared to the same period last year.
15. Net cash flow from financing activities increased by RMB 569.522 million in the current period compared to the same period last year, an increase of 116.45%, mainly due to the decrease in cash paid for share repurchases by the Company in the current period compared to the same period last year.