Conch Group's acquisition is "reliable"! Shanshan's net profit in the first half of the year is expected to increase by 262% to 334%.

12, Shanshan issued a semi-annual performance pre-increase announcement for 2026, which showed that the company expected to achieve a net attributable profit of 750 million yuan to 900 million yuan in the first half of the year, an increase of 262% to 334% over the same period of last year.

Shanshan shares said that the current performance growth is mainly due to the company's core business performance significantly improved year-on-year, the two main business of anode materials and polarizer business is expected to achieve a total net profit of 880 million yuan to 950 million yuan, a substantial increase year-on-year. In addition, the operating performance of major shareholding enterprises accounted for by equity method of long-term equity investment continued to improve year on year. On the evening of February 8

this year, Shanshan Stock (600884) issued a heavy announcement that the controlling shareholder of Shanshan Group and its wholly-owned subsidiary Pengze Trade, the administrator of Shanshan Group and the restructuring investor Wanwei Group and Ningbo Jinzi signed the Restructuring Investment Agreement. If the reorganization is successful, the control of the company will be changed, and the controlling shareholder will be changed to Wanwei Group (Conch Group Holding Enterprise). On the evening

of April 15, the voting period of the Reorganization Plan (Draft) of Shanshan Group Co., Ltd. and Ningbo Pengze Trading Co., Ltd. expired, and the draft was approved by the fourth creditors'meeting in groups. The reorganization administrator will apply to the People's Court of Yinzhou District, Ningbo City, Zhejiang Province (hereinafter referred to as the "Yinzhou Court") for approval in accordance with the law.

Shanshan announced that if the reorganization is successful, the controlling shareholder of the company will be changed to Anhui Wanwei Group Co., Ltd. (Hereinafter referred to as "Wanwei Group"), and the actual controller will be changed to Anhui SASAC. At the same time, Conch Group's capital increase holding of Wanwei Group is also in full swing.

Today, the net profit of Shanshan shares in the first half of the year has increased greatly, which shows that the acquisition of Conch Group is very "reliable".