2026Semi-annualReport (AnnouncementNo.:2026-26) [August2026] SectionIImportantNotes,TableofContentsandInterpretations TheBoardofDirectors,theDirectors,andtheExecutivesoftheCompanyguaranteethattherearenosignificantomissions,fictitiousormisleadingstatementscarriedintheReportandwewillacceptindividualandjointresponsibilitiesforthetruthfulness,accuracyandcompletenessoftheReport. PrincipalTANGXiaoping,ChiefFinanceOfficerLIUQiangandChiefAccountant(accountingofficer)CAIKelindeclarethattheyguaranteetheauthenticity,accuracyandcompletenessofthefinancialreportintheSemi-annualReport. Alldirectorshaveattendedtheboardmeetingatwhichthissemi-annualreportwasconsidered. PartoftheCompany'ssemi-annualreportinvolvesthedescriptionoffuturebusinessplansorbusinessworkarrangements.TheimplementationofrelevantplansorarrangementsisaffectedbymanyfactorsanddoesnotconstitutetheCompany'ssubstantivecommitmenttoinvestors.Investorsandrelevantpersonsshouldmaintainsufficientriskawarenessandunderstandthedifferencesbetweenplans,forecastsandcommitments. TheCompanyplansnottodistributecashdividends,issuebonusshares,orincreasesharecapitalthroughcapitalizationofreserves. TableofContents SectionIImportantNotes,TableofContentsandInterpretations.............................................................2SectionIICompanyProfileandMajorFinancialIndicators.......................................................................6SectionIIIManagement'sDiscussionandAnalysis......................................................................................9SectionIVCorporateGovernance,EnvironmentandSociety...................................................................26SectionVSignificantEvents.........................................................................................................................28SectionVIShareChangesandShareholderInformation..........................................................................41SectionVIIBonds...........................................................................................................................................47SectionVIIIFinancialStatements................................................................................................................49 ListofReferenceDocuments I.FinancialstatementssignedandsealedbytheCompany'sPrincipal,ChiefFinanceOfficer,andChiefAccountant(accountingofficer). II.TheoriginalsofalltheCompany'sdocumentsandannouncementsthathavebeenpubliclydisclosedduringthereportingperiod. Interpretations SectionIICompanyProfileandMajorFinancialIndicators I.Companyprofile II.Contactpersonandcontactinformation III.Othercircumstances 1.Companycontactinformation Whetherthecompany'sregisteredaddress,officeaddressandpostalcode,website,e-mail,etc.havechangedduringthereportingperiod □ApplicableNotapplicable Thecompany'sregisteredaddress,officeaddressandpostalcode,website,e-mail,etc.havenotchangedduringthereportingperiod.See2025AnnualReportfordetails. 2.Informationdisclosureandstoragelocation Whethertheinformationdisclosureandstoragelocationhavechangedduringthereportingperiod □ApplicableNotapplicable Thewebsiteofthestockexchangeandthenameandaddressofthemediawherethecompanydisclosesthesemi-annualreport, andthestoragelocationwheretheCompany'ssemi-annualreportispreparedhasnotchangedduringthereportingperiod.Fordetails,pleaserefertothe2025AnnualReport. 3.Otherrelevantinformation Whetherotherrelevantinformationhaschangedduringthereportingperiod□ApplicableNotapplicable IV.Keyaccountingdataandfinancialindicators WhethertheCompanyneedstoretroactivelyadjustorrestatetheaccountingdataofpreviousyears V.Differencesbetweenaccountingdataunderdomesticandoverseasaccountingstandards 1.DifferencesinnetprofitandnetassetsinthefinancialreportsdisclosedinaccordancewiththeinternationalaccountingstandardsandtheChineseaccountingstandards □ApplicableNotapplicable DuringthereportingperiodoftheCompany,therewasnodifferenceinnetprofitsandnetassetsinfinancialreportsdisclosedinaccordancewithinternationalaccountingstandardsandChineseaccountingstandards. 2.DifferencesinnetprofitandnetassetsinfinancialreportsdisclosedinaccordancewithboththeinternationalaccountingstandardsandChineseaccountingstandards □ApplicableNotapplicable DuringthereportingperiodoftheCompany,therewasnodifferenceinnetprofitsandnetassetsinfinancialreportsdisclosedin accordancewiththeinternationalaccountingstandardsandChineseaccountingstandards. VI.Non-recurringprofitorlossitemsandamounts Applicable□Notapplicable Unit:RMB Specificcircumstancesofotherprofitorlossitemsthatmeetthedefinitionofnon-recurringprofitorloss: □ApplicableNotapplicable TheCompanyhadnospecificprofitorlossitemsthatmeetthedefinitionofnon-recurringprofitorloss. Notesonthedefinitionofthenon-recurringprofitorlossitemslistedinthe"InterpretiveAnnouncementNo.1onInformationDisclosureofCompaniesIssuingSecuritiestothePublic-Non-recurringProfitorLoss"asrecurringprofitorlossitems □ApplicableNotapplicable TheCompanyhadnocircumstanc