Han Jianheshan's net profit in 2025 is expected to be 8 million to 12 million yuan.

On the evening of January

28, Han Jianheshan (603616) (603616) announced that the company expected to achieve a net attributable profit of-12 million yuan to-8 million yuan in 2025, with a loss of about 231 million yuan in the same period last year.

Han Jianheshan (603616) said that in 2025, the company's main business sales contract for prestressed concrete cylinder pipe (PCCP) was normally fulfilled according to the contract agreement and the order was delivered steadily, but the company's concrete admixture business was affected by the concrete market in Beijing and its surrounding areas, and its revenue declined compared with the previous year. The company's concrete admixture business is implemented by the subsidiary Hebei Hezhong Building Materials (850107) Co., Ltd. (Hereinafter referred to as "Hezhong Building Materials (850107)"). In 2025, the company will conduct impairment tests on goodwill and various assets in the 2025 annual report in accordance with relevant regulations. It is proposed to make provision for impairment of goodwill of RMB122 million arising from the asset group combination with the subsidiary Hezhong Building Materials (850107). It is estimated that the provision for impairment of goodwill for the current period will be approximately RMB9 million, while RMB113 million has been made in previous years. (Hereinafter referred to as "Qingqing Environmental Protection"), a subsidiary of Qinhuangdao Qingqing Environmental Protection Equipment (881284) Co., Ltd., implemented its

environmental protection business in 2025, which was insufficient in the implementation of hand orders in 2025, and the fixed cost expenditure continued to occur, with a large amount of credit impairment losses. Qingqing Environmental Protection, a subsidiary of the company, is expected to lose about 56 million yuan in 2025. The Company transferred 99.9% of the equity of Qingqing Environmental Protection, and Qingqing Environmental Protection completed the change of shareholder information on December 19, 2025. So far, the Company no longer holds the equity of Qingqing Environmental Protection, which is no longer included in the scope of the Company's consolidated statements. The company's investment income in the consolidated financial statements is about 71 million yuan due to the disposal of subsidiary Qingqing Environmental Protection.