Zhongjing Technology: 2026 Semi-Annual Report

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 Semi-Annual Report Zhejiang Zhongjing Technology Co., Ltd.'s 2026 Semi-Annual Report

August 2026

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 1 Important Tips, Table of Contents and Definitions

The company's board of directors, directors and senior managers guarantee that the contents of the semi-annual report are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability.

The person in charge of the company, Xu Yijun, the person in charge of accounting work, Huang Chaocai, and the person in charge of the accounting department (accounting officer) Yin Jin declare that they guarantee the authenticity, accuracy and completeness of the financial report in this semi-annual report.

All directors have attended the board meeting to review this semi-annual report.

The forward-looking descriptions of future plans and development strategies involved in this semi-annual report do not constitute the company's substantive commitment to investors. Investors are advised to pay attention to investment risks.

The company has described in detail the risks that the company may face in its production and operation activities in this semi-annual report. For details, please refer to the description of the risks that the company may face in Section 3 "Management Discussion and Analysis" of this report. The company plans not to distribute cash dividends, give away bonus shares, or convert public reserve funds into share capital.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Directory

Section 1 Important Tips, Table of Contents and Definitions .................................................................................................. 2

Section 2 Company Profile and Main Financial Indicators .................................................................................. 6

Section 3 Management Discussion and Analysis .................................................................................................. 9

Section 4 Corporate Governance, Environment and Society .................................................................................................. 17

Section 5 Important Matters...................................................................................................................................... 19

Section 6 Share Changes and Shareholders ............................................................................................................. 25

Section 7 Bond-related situations .................................................................................................................. 30

Section 8 Financial Report...................................................................................................................................... 31

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Document directory for reference

1. Financial statements signed and stamped by the legal representative Mr. Xu Yijun, the person in charge of accounting work Mr. Huang Chaocai, and the head of the accounting department Ms. Yin Jin;

2. The originals of all company documents and announcements publicly disclosed on the website designated by the China Securities Regulatory Commission during the reporting period;

3. The original 2026 semi-annual report signed by Mr. Xu Yijun, the legal representative of the company;

4. Other information.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Definition

Interpretation item refers to the interpretation content

The Company, the Company, Zhongjing Technology refers to Zhejiang Zhongjing Technology Co., Ltd.

Actual controllers and controlling shareholders refer to Xu Yijun and Xu Wei

Xi'an Zhongjing refers to Xi'an Zhongjing Semiconductor Materials Co., Ltd., a wholly-owned subsidiary of Zhongjing Technology Ningxia Zhongjing refers to Ningxia Zhongjing Semiconductor Materials Co., Ltd., a wholly-owned subsidiary of Zhongjing Technology Zhongjing New Materials refers to Zhejiang Zhongjing New Materials Research Co., Ltd., a wholly-owned subsidiary of Zhongjing Technology Jiangsu Gaoxin refers to Jiangsu Gaoxin Electronics Co., Ltd., a wholly-owned subsidiary of Zhongjing Technology

Semiconductor silicon wafer, monocrystalline silicon wafer refers to a single crystal of silicon, which is a good semiconductor material and is used to manufacture semiconductor devices.

A polished single crystal silicon wafer. The ground silicon wafer is polished to make the surface of the silicon wafer rough. Polished wafer refers to

The degree is reduced to obtain a bright and flat surface, which can be used in the manufacture of semiconductor discrete devices and integrated circuits. Discrete devices refer to semiconductor devices with fixed single characteristics and functions, such as diodes, transistors, etc. Reporting period, this period, this reporting period refers to January 1, 2026 to June 30, 2026

The previous year and the same period last year refer to January 1, 2025 to June 30, 2025

Shareholders’ meeting refers to the shareholders’ meeting of Zhejiang Zhongjing Technology Co., Ltd.

Board of Directors refers to the Board of Directors of Zhejiang Zhongjing Technology Co., Ltd.

Accounting firm refers to Zhonghui Accounting Firm (Special General Partnership)

"Articles of Association" refers to "Articles of Association of Zhejiang Zhongjing Technology Co., Ltd."

Yuan, RMB 10,000 refers to RMB yuan, RMB 10,000

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 2 Company Profile and Main Financial Indicators

1. Company Profile

Stock abbreviation Zhongjing Technology Stock Code 003026 Stock Exchange Shenzhen Stock Exchange

The Chinese name of the company: Zhejiang Zhongjing Technology Co., Ltd.

The company’s Chinese abbreviation (if any) Zhongjing Technology

The company’s foreign name (if any) Zhejiang MTCN Technology Co.,Ltd.

The legal representative of the company Xu Yijun

2. Contact person and contact information

Secretary of the Board of Directors Name of Securities Affairs Representative Li Zhiping Ye Rong

Contact address No. 59, Luhui Road, Taihu Street, Changxing County, Huzhou, Zhejiang Province No. 59, Luhui Road, Taihu Street, Changxing County, Huzhou, Zhejiang Province Telephone 0572-6508789 0572-6508789 Fax 0572-6508782 0572-6508782 Email [email protected] [email protected]

3. Other situations

1. Company contact information

Whether the company's registered address, company office address and its postal code, company website, e-mail address, etc. have changed during the reporting period □Applicable Not applicable

The company's registered address, company office address and its postal code, company website, e-mail address, etc. did not change during the reporting period. For details, please refer to the 2025 annual report.

2. Information disclosure and preparation location

Whether the location of information disclosure and preparation changes during the reporting period

□Applicable Not applicable

The name and URL of the stock exchange website and media where the company discloses its semi-annual report. The location where the company's semi-annual report is prepared has not changed during the reporting period. For details, please refer to the 2025 annual report.

3. Other relevant information

Whether other relevant information has changed during the reporting period

□Applicable Not applicable

4. Main accounting data and financial indicators

Whether the company needs to retroactively adjust or restate previous years’ accounting data

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

□Yes No

This reporting period Same period last year This reporting period increased or decreased operating income compared with the same period last year (yuan) 267,807,003.81 217,194,321.89 23.30% Net profit attributable to shareholders of listed companies (yuan) 41,556,939.30 25,736,635.26 61.47% Net profit attributable to shareholders of listed companies, excluding non-recurring expenses

39,972,774.81 23,854,893.80 67.57% Net profit of profit and loss (yuan)

Net cash flow generated from operating activities (yuan) 11,818,900.10 16,636,843.79 -28.96% Basic earnings per share (yuan/share) 0.22 0.14 57.14% Diluted earnings per share (yuan/share) 0.22 0.14 57.14% Weighted average return on equity 6.08% 3.91% 2.17%

End of the reporting period End of the previous year Total assets increased or decreased at the end of the reporting period compared with the end of the previous year (yuan) 1,293,171,665.87 1,253,642,744.90 3.15% Net assets attributable to shareholders of listed companies (yuan) 683,105,984.30 667,392,845.00 2.35%

Note: During the reporting period, the company completed the implementation of the 2025 profit distribution plan of distributing 2.00 yuan (tax included) for every 10 shares and converting to 4.5 shares. According to Article 13 of "Accounting Standards for Business Enterprises No. 34 - Earnings per Share", the earnings per share for the same period last year was recalculated based on the adjusted number of shares.

5. Differences in accounting data under domestic and foreign accounting standards

1. Differences in net profit and net assets in financial reports disclosed in accordance with both international accounting standards and Chinese accounting standards

□Applicable Not applicable

During the reporting period, there was no difference between the net profit and net assets in the financial reports disclosed in accordance with international accounting standards and Chinese accounting standards.

2. Differences in net profit and net assets in financial reports disclosed in accordance with both foreign accounting standards and Chinese accounting standards

□Applicable Not applicable

During the reporting period, there was no difference between the net profit and net assets in the financial reports disclosed in accordance with foreign accounting standards and Chinese accounting standards.

6. Non-recurring profit and loss items and amounts

Applicable □Not applicable

Unit: Yuan

Item Amount Description Profit and loss from disposal of non-current assets (including the write-off of asset impairment provisions) -3,218.16

Government subsidies included in current profits and losses (closely related to the company’s normal business operations and in compliance with national policies

1,659,749.91

Except for government subsidies that are stipulated, enjoyed according to determined standards, and have a lasting impact on the company's profits and losses)

Reversal of impairment provision for accounts receivable subject to separate impairment test 241,711.40

Other non-operating income and expenses other than the above items -2,599.02

Other profit and loss items that meet the definition of non-recurring profit and loss 49,613.00

Less: Income tax impact 361,092.64

Total 1,584,164.49

Details of other profit and loss items that meet the definition of non-recurring profits and losses:

☑Applicable Not applicable

Other profit and loss items that meet the definition of non-recurring profits and losses are the refund of personal income tax withholding fees.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Explanation on defining the non-recurring profit and loss items listed in the "Explanatory Announcement No. 1 on Information Disclosure of Companies Publicly Offering Securities - Non-recurring Profit and Loss" as recurring profit and loss items

□Applicable Not applicable

The company does not define the non-recurring profit and loss items listed in the "Explanatory Announcement No. 1 on Information Disclosure of Companies that Offer Securities to the Public - Non-recurring Profit and Loss" as recurring profit and loss items.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 3 Management Discussion and Analysis

1. The main business of the company during the reporting period

1. Development of the company’s industry during the reporting period

The semiconductor industry is the core engine of global technological development. In recent years, the deep integration of artificial intelligence and the semiconductor industry has accelerated the transformation of traditional industrial models, and the global semiconductor ecosystem has entered a stage of structural reshaping. The semiconductor market reached new heights in 2025, and the trend continues this year. In 2026, the global semiconductor silicon wafer market has entered a new upward cycle. The demand for advanced computing driven by cutting-edge applications such as artificial intelligence (AI) continues to be strong. Consumer electronics has picked up significantly. Non-AI markets such as automotive and industrial control are gradually recovering. The transfer of production capacity of major overseas manufacturers has driven rising demand for semiconductor materials. Global semiconductor sales hit a record $795.6 billion last year, exceeding initial forecasts. The World Semiconductor Trade Statistics (WSTS) predicts that the global semiconductor market will reach US$1.5 trillion in 2026. This rapid growth reflects the continued expansion of accelerated deployment of artificial intelligence and other semiconductor-driven innovations in advanced computing, 5G and emerging 6G communications technologies, medical devices, and more.

2. Main business

The company's main business is the research and development, production and sales of semiconductor monocrystalline silicon materials and their products. The current business layout of the company's main business is as follows: Ningxia Zhongjing is the main production base for semiconductor silicon single crystal growth and ingot processing; Zhejiang Zhongjing and Xi'an Zhongjing are the core for semiconductor single crystal silicon wafer processing. This business occupies a leading market position in the silicon grinding wafer segment of silicon single crystal materials for semiconductor discrete devices in my country; the "single crystal silicon wafer project for high-end discrete devices and ultra-large-scale integrated circuits" is implemented by Zhongjing New Materials, which currently has 8 Inch silicon wafer products have been certified by many important customers and are currently in the batch delivery stage. With sufficient orders on hand, the company is actively expanding and building new production capacity. Polished silicon wafer products will become one of the company's important main products in the future; Jiangsu Gaoxin is promoting new projects and new products to be put into operation on the basis of existing high-frequency and high-voltage semiconductor chips and device products. The installation and debugging of new factory equipment has been completed and is currently in the process of product certification and production increase of new production lines. As new projects advance, the company will continue to increase investment in research and development and introduce new products in the future, further enriching the company's product matrix and striving to create new performance growth points.

As a professional manufacturer of high-quality semiconductor silicon materials and semiconductor power chips and devices, the company is a national high-tech enterprise, a member of the National Semiconductor Equipment and Materials Standardization Technical Committee, a member of the Zhejiang Semiconductor Industry Association and the China Electronic Materials Industry Association, and a member of the sixth council of the Semiconductor Materials Branch of the China Electronic Materials Industry Association. It has a number of core technologies and patents in the fields of semiconductor silicon materials and semiconductor power chips and device manufacturing. The company's core management team has been deeply involved in this field for a long time, and has complete technical reserves and outstanding innovation capabilities in R&D, technology and quality control.

3. Main products and their uses

The company is a national high-tech enterprise specializing in the research, development, production and sales of semiconductor monocrystalline silicon materials and their products. The company's products include semiconductor single crystal silicon rods, grinding wafers, corrosion wafers, polishing wafers, semiconductor power chips and devices, etc. The company's semiconductor monocrystalline silicon wafer products are an important basic material for manufacturing semiconductor chips. They are the most important and widely used basic functional materials to support the development of the semiconductor industry. They are mainly used in the manufacturing of various types of power semiconductor devices such as power diodes, power transistors, high-power rectifiers, thyristors, overvoltage/overcurrent protection devices, as well as some sensors, optoelectronic devices, Schottky, FRD, and MOS devices. As key components of various electronic equipment, the company's semiconductor power chips and devices are widely used in microwave ovens, laser printers, copiers, CRT/TV monitors, X-ray machines and large medical equipment, negative ion generators, air purification, laser cutting, high-voltage electrostatic spraying, industrial electrostatic equipment, high-voltage power supplies and other fields. The company has integrated industrial chain manufacturing capabilities from ingots to device chips, and is committed to providing customers with high-quality, high-efficiency, full-specification products and services, laying a solid foundation for the company's sustainable and healthy development.

4. Business model

The company has an independent procurement, production and sales system, mainly selling semiconductor monocrystalline silicon rods, semiconductor monocrystalline silicon wafers and semiconductor power chips and device products. (1) Procurement model

In terms of procurement, the company mainly adopts the procurement model of "production-based ordering + safety inventory". Develop procurement plans based on production needs, track the contract execution process in accordance with the "Procurement Management Control Procedures", and inspect materials in accordance with the "Raw Material Procurement and Inspection Specifications". The main raw materials must be put into storage after passing the trial inspection by the production department. Through strict regular evaluation and optimization of the qualified supplier list, we ensure a stable supply of raw materials with qualified quality.

(2) Production mode

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

In terms of production, the company mainly adopts the production model of "production based on sales + independent stocking", and arranges production plans based on sales orders and market forecast demand. Combined with the demand forecast of major customers, as well as its own production capacity and inventory situation, dynamically adjust product production and arrange stocking plans to make full use of production capacity, improve equipment utilization, and increase delivery speed.

(3) Sales model

In terms of sales, the company mainly adopts a sales model of "direct sales as the mainstay, distribution as the supplement". The products undergo sample trials and small-batch stability demonstrations in the early stage, and then undergo subsequent production site assessments and expanded procurement from qualified suppliers. They are finally included in the customer's qualified supplier system and begin mass production and sales to customers. The company actively expands domestic and foreign customers, and relies on stable product quality and rapid response supply capabilities to provide customers with high-quality products and services in the long term, improve customer satisfaction, and enhance customer stickiness.

During the reporting period, the company's main business model did not undergo major changes, and it continued to promote research and development, equipment transformation and process upgrades to ensure sustainable development.

5. Market position

Since its establishment, the company has been deeply engaged in the research and development, production and sales of semiconductor monocrystalline silicon materials and their products, and has built a complete production and supply chain system. Relying on the technical strength, production capacity scale and product quality advantages accumulated over the years, the company has occupied a leading market position in the domestic single crystal silicon rods, ground silicon wafers and semiconductor power chips and devices for discrete devices. The company adheres to customer demand-oriented, provides customized development and production services, continuously optimizes quality control and delivery guarantee mechanisms, effectively improves customer product yield and performance, and has gained wide recognition and long-term trust. Its brand reputation and customer stickiness have continued to increase. In the future, the company will, on the basis of consolidating its existing market position, ensure the efficient and stable operation of Zhongjing's new material production line, accelerate the release of production capacity and increase production volume; simultaneously promote the construction of Jiangsu Gaoxin chip project and optimization of industrial layout, and ensure the smooth start-up and production volume of the new factory. The company will continue to improve its product matrix, increase technological innovation, improve operational efficiency, forge core competitive advantages, and inject new momentum into high-quality and sustainable development.

6. Main performance drivers

The main reasons for the company's expected changes in performance for the first half of 2026 are:

(1) The company's current production is tight and orders are sufficient, and delivery is ensured by increasing the utilization rate;

(2) The company’s investment projects have released production capacity, increased production and volume, and further enriched the product matrix;

(3) The company continues lean management and continuously improves product profitability through technological innovation;

(4) Based on the principle of prudence, the company accrues asset impairment losses in accordance with relevant regulations.

2. Analysis of core competitiveness

1. Build a highland for talent gathering and lay a solid foundation for innovation and development.

Human resources are the primary resource of an enterprise and the source of vitality for its core competitiveness. The company always coordinates talent introduction and stable work from a strategic perspective, closely focuses on the development direction of the semiconductor materials industry, continues to introduce highly skilled talents, professional talents and management talents, optimizes the talent team structure, and injects impetus into the company's high-quality development. In terms of talent introduction and stabilization mechanism, the company implements a dual-track development channel with management direction and technology direction in parallel, combining scientific job setting, systematic pre-job induction training, market competitive salary incentives and strict performance evaluation to comprehensively stimulate the value creativity of talents. However, as the competition for talents in the industry intensifies, if there is insufficient cultural integration assessment of externally introduced talents, job mismatch, or lack of dynamic competitiveness in the incentive mechanism, it may lead to the loss of core backbones and risks to team stability. To this end, the company will strengthen the accuracy of talent introduction and pre-assessment of risk control to ensure that high-end talents can be "attracted, integrated quickly, and retained", and stably empower the company's high-quality development with a high-quality talent team. After years of accumulation, the company has established a core team with rich experience, solid business, dedication, and unity and cooperation. The core management and technical R&D personnel have been deeply involved in the semiconductor materials industry for many years, and have accumulated profound professional knowledge and practical experience in product process optimization, equipment transformation, product development, etc. With their deep insights into industry trends, they have led the company to make steady progress scientifically and efficiently, providing a solid talent guarantee for the establishment of the company's core competitiveness.

2. Deepen the technology-enabling effect and strengthen the drive for scientific research and innovation

Technological innovation is the core driving force for enterprise development. Facing the rapid technological iteration and changes in market demand in the semiconductor industry, the company has always adhered to the innovation-driven development strategy and continued to invest in R&D to enhance its technical strength. As a national high-tech enterprise, the company has always focused on the research of the semiconductor silicon material industry and is committed to promoting the development of the industry through technological innovation. As of June 30, 2026, the company had 49 invention patents and 87 utility model patents. During the reporting period, it continued to increase investment in research and development resources, actively introduced high-end technical talents, strengthened its intellectual property layout and forward-looking technology reserves, and steadily promoted a number of technology research and development projects to ensure that its technological leadership was continuously consolidated. As of the end of the reporting period, the company has independently mastered a number of core technologies for the manufacturing and processing of semiconductor silicon materials, such as magnetron Czochralski (MCZ) crystal pulling technology, re-feed Czochralski technology, diamond wire multi-wire cutting technology, high-precision heavy doping technology, high-efficiency heavy arsenic-doped single crystal silicon growth technology, and high-precision polished silicon wafer processing technology. Relying on independent research and development and core technologies, the company has effectively improved production efficiency, significantly enhanced the market competitiveness and differentiated supply capabilities of its products, and helped the company cope with complex external environments.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

environment and maintain its leading position in the industry. At present, as the products of Zhongjing New Materials Project are put into production and Jiangsu Gaoxin's new projects are advanced in an orderly manner, the company is accelerating the transformation of technological innovation achievements into real productivity, better meeting the diverse and personalized needs of downstream customers, driving the optimization and upgrading of existing business and product structures, and continuing to translate into economies of scale and the enhancement of comprehensive competitive strength.

3. Practice the concept of quality and build a solid foundation for brand reputation

Quality is the lifeline of an enterprise and the cornerstone of building brand reputation and market trust. The company has always adhered to the quality policy of "pursuing technological innovation and achieving perfect quality", integrating quality awareness throughout the entire chain of R&D, procurement, production and sales, and building a full-process quality control closed loop covering supplier access, raw material inspection, process control, finished product testing, product delivery, customer feedback and quality statistical analysis to ensure continuous improvement and efficient operation of quality management activities. At the production management level, the company strictly follows international quality management standards, comprehensively implements lean production and the "6S" on-site management model, continues to optimize the production process, and improves process control accuracy and on-site management efficiency. During the reporting period, the company and its subsidiaries have successively passed management system certifications such as IATF16949:2016, ISO9001:2015, ISO14001:2015, ISO45001:2018 and GB/T29490-2023. The implementation of the above systems has effectively enhanced the operational stability of the production and supply system and provided a solid guarantee for the continued reliability of product quality. In terms of supply chain source control, we improve internal collaboration efficiency and customer service capabilities through customer visits and surveys, and clarify internal service and collaboration relationships. At the external level, customer satisfaction surveys are regularly conducted to accurately collect improvement opinions and form a closed-loop improvement mechanism. Through the continuous improvement of the all-round quality control system, the company truly strives for survival and development based on quality, laying a solid foundation for corporate brand reputation and market competitiveness.

4. Deeply explore market customer needs and improve customer service efficiency

The company always adheres to customer-centeredness and accurately grasps market demand as the starting point and final destination of business expansion. By continuously strengthening market insight and marketing strategy innovation, the company provides customized solutions based on the differentiated needs of customers in different regions and fields, improves customer satisfaction and depth of cooperation with precise services, and continues to consolidate and expand market share. In the process of business advancement, the company takes industrial layout as strategic guidance and systematically improves technology, management, quality and service levels to ensure that each business segment is closely connected with customer needs. Relying on continuous tracking and analysis of market trends, the company continues to extend its business coverage, optimize its industrial layout and structure, and promote synergy among various business units. While extending the industrial chain, the company deepens strategic cooperative relationships with core customers, actively expands potential customer groups, and builds a multi-level and all-round customer cooperation network. With stable product quality and perfect service system, the company has established a good brand reputation and image in the industry. During the reporting period, the company established long-term and stable cooperative relationships with a number of well-known downstream companies, including the 46th Research Institute of China Electronics Technology Group Corporation, Taiwan General Equipment Co., Ltd., Shandong Jingdao Microelectronics Co., Ltd., Guangdong Baizhen Junyao Electronics Co., Ltd., Suzhou Goodtech Electronics Co., Ltd., Changzhou Galaxy Century Microelectronics Co., Ltd., Nippon Shindengen Industrial Co., Ltd., China Resources Microelectronics Holdings Co., Ltd. SAMSUNGELECTRONICS(M)SDN.BHD. (Samsung Electronics), CANONENGINEERINGHONGKONGCO.,LIMITED. (Canon Hong Kong Technical Research Co., Ltd.), Guangdong Midea Kitchen Appliance Manufacturing Co., Ltd., Guangdong Galanz Group Co., Ltd. and LG Electronics (Tianjin) Electrical Appliance Co., Ltd., etc. The market expansion model guided by customer needs and supported by industrial layout not only ensures the steady growth of the company's main business, but also lays a solid customer base and market resources for the introduction of new products and the development of new business areas in the future.

5. Lean cost control process to enhance operational resilience

The company has always implemented lean cost management throughout the entire production and operation process, and continues to improve overall operational efficiency and resource utilization levels through product structure optimization and technological innovation drive. On the premise of ensuring stable product quality, the company relies on its continuously improved technology research and development capabilities to further promote refined management of production operations and optimization of process flows, and achieve cost reduction and efficiency goals in multiple key production links. In the single crystal preparation stage, the company's refeeding Czochralski technology saves raw materials and energy consumption and improves production efficiency; it has core technology and product advantages in heavy doping control of crystal growth, oxygen content distribution control, and crystal defect control. In the silicon wafer forming stage, the company uses diamond wire multi-wire cutting technology to greatly improve cutting efficiency; it has industry-leading levels and capabilities in the precision processing technology of silicon wafer surfaces. In the chip device manufacturing stage, the company adopts a fully automatic one-time source coating double-sided deep junction diffusion process, which has formed unique advantages in key process links such as PN/PT diffusion, automatic silicon block selection, and glue passivation, achieving dual improvements in processing accuracy and production efficiency. Through the continuous optimization of technical processes in each production link and the lean reengineering of management processes, the company has gradually established a cost control system covering the entire chain. The continuous accumulation of cost advantages not only enhances the company's ability to cope with raw material price fluctuations and market competition pressure, but also provides a solid guarantee for the continued improvement of profitability, further consolidating the company's operational resilience amid industry cycle fluctuations.

3. Main business analysis

Overview

Please refer to the relevant content of "1. Main businesses engaged in by the company during the reporting period".

Year-on-year changes in major financial data

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

This reporting period The same period last year Year-on-year increase or decrease Reasons for changes

Operating income 267,807,003.81 217,194,321.89 23.30%

Operating costs 147,260,619.48 125,669,960.76 17.18%

Selling expenses 2,636,645.87 2,649,924.88 -0.50%

Management expenses 25,666,396.34 21,700,523.70 18.28%

Mainly due to the impact of RMB appreciation on exchange gains and losses on financial expenses 6,828,403.54 3,324,627.11 105.39%

caused by noise

Income tax expense 1,806,315.26 -583,955.33 409.32% Mainly due to the increase in operating profit in the current period 15,046,323.10 15,563,158.89 -3.32%

Net cash flow generated from operating activities 11,818,900.10 16,636,843.79 -28.96%

Net cash flow generated from investing activities -11,360,883.93 -6,976,699.24 -62.84% Mainly due to the increase in the purchase of equipment

Mainly due to the fact that dividends in this period have been paid, and the net cash flow generated from financing activities in the previous year was -22,343,363.06 -7,500,911.39 -197.88%

It has been announced that it has not been issued in the same period.

Net increase in cash and cash equivalents -25,985,543.58 1,685,055.12 -1,642.12%

There are major changes in the company's profit composition or profit sources during the reporting period

□Applicable Not applicable

There were no major changes in the company's profit composition or profit sources during the reporting period.

Operating income composition

Unit: Yuan This reporting period Same period last year

Year-on-year increase or decrease

Amount % of operating income Amount % of operating income

Total operating income 267,807,003.81 100% 217,194,321.89 100% 23.30% by industry

Semiconductor materials and products 262,836,474.35 98.14% 213,927,744.71 98.50% 22.86% Others 4,970,529.46 1.86% 3,266,577.18 1.50% 52.16% Products

Semiconductor monocrystalline silicon wafers 138,027,177.87 51.53% 114,968,609.00 52.93% 20.06% Semiconductor monocrystalline silicon rods 42,309,301.75 15.80% 30,537,315.28 14.06% 38.55% Semiconductor power chips and devices 82,499,994.73 30.81% 68,421,820.43 31.50% 20.58% Others 4,970,529.46 1.86% 3,266,577.18 1.50% 52.16% By region

Domestic 230,810,255.22 86.19% 175,910,811.30 80.99% 31.21% Overseas 36,996,748.59 13.81% 41,283,510.59 19.01% -10.38% Industry, product or region accounting for more than 10% of the company's operating revenue or operating profit

Applicable □Not applicable

Unit: Yuan Operating income compared to the previous year Operating cost compared to the previous year Gross profit margin compared to the previous year’s operating income Operating cost Gross profit margin

Increase/decrease in the same period of the year Increase/decrease in the same period of the year Increase/decrease in the same period by industry

Semiconductor materials and their

262,836,474.35 141,740,764.32 46.07% 22.86% 14.95% 3.71%Products

By product

Semiconductor monocrystalline silicon wafers 138,027,177.87 65,588,632.82 52.48% 20.06% 0.90% 9.02% Semiconductor monocrystalline silicon rods 42,309,301.75 27,529,096.15 34.93% 38.55% 33.43% 2.49% Semiconductor power chips 82,499,994.73 48,623,035.35 41.06% 20.58% 29.09% -3.89%

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

and devices

By region

Domestic 230,810,255.22 121,119,189.80 47.52% 31.21% 29.32% 0.76% Overseas 36,996,748.59 26,141,429.68 29.34% -10.38% -18.33% 6.87% If the statistical caliber of the company's main business data is adjusted during the reporting period, the company's main business data for the most recent period will be adjusted based on the caliber at the end of the reporting period.

□Applicable Not applicable

4. Analysis of non-main business

Applicable □Not applicable

Unit: Yuan

Amount Proportion of total profit Explanation of reasons Whether there is sustainable asset impairment -24,663,081.31 -56.88% Asset impairment losses and credit impairment losses No

Non-operating income 0.98 0.00% Please see Note 7 (74) for details No

Non-operating expenses 86,838.67 0.20% Loss on disposal of non-current assets, etc. No

5. Analysis of assets and liabilities

1. Major changes in asset composition

Unit: Yuan End of the reporting period End of the previous year

Percentage of total assets Increase or decrease in proportion of total assets Explanation of significant changes Amount

Proportion Proportion

Monetary funds 111,828,979.87 8.65% 137,131,038.71 10.94% -2.29%

Accounts receivable 166,744,493.30 12.89% 125,968,604.99 10.05% 2.84% Mainly due to the increase in operating income Inventory 126,737,778.10 9.80% 106,665,685.35 8.51% 1.29%

Fixed assets 650,498,515.52 50.30% 641,302,525.93 51.16% -0.86%

Construction in progress 12,814,312.61 0.99% 9,956,399.96 0.79% 0.20%

Right-of-use assets 1,515,410.28 0.12% 1,697,284.04 0.14% -0.02%

Short-term borrowings 78,554,398.14 6.07% 79,623,406.38 6.35% -0.28%

Contract liabilities 4,213,363.33 0.33% 7,722,466.44 0.62% -0.29% Mainly due to the decrease in advance payments for goods received Long-term borrowings 288,200,000.00 22.29% 194,950,000.00 15.55% 6.74% Mainly due to reclassification of lease liabilities 852,053.55 0.07% 375,666.60 0.03% 0.04% Mainly due to the renewal of the lease contract

2. Major overseas assets

□Applicable Not applicable

3. Assets and liabilities measured at fair value

Applicable □Not applicable

Unit: Yuan

Item Beginning balance of the current period Fairly included in equity Provision of the current period Purchases of the current period Other changes Closing balance

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Value changes Cumulative impairment of fair value Purchase amount Sales amount

Changes in profit and loss value

financial assets

-Accounts receivable 63,102,

8,179,256. 54,923,470.97 Financing 727.04

-

63,102,

Total of the above 8,179,256. 54,923,470.97

727.04

Financial liabilities 0.00 0.00 Other changes

None

Whether there are any significant changes in the measurement attributes of the company's main assets during the reporting period

□Yes No

4. Restrictions on asset rights as of the end of the reporting period

Item Closing amount

Book balance (yuan) Book value (yuan) Restriction type Restriction situation

Monetary funds 2,868,909.83 2,868,909.83 Security deposit, frozen funds Bank acceptance bill security deposit, frozen funds

6. Investment status analysis

1. Overall situation

□Applicable Not applicable

2. Major equity investments obtained during the reporting period

□Applicable Not applicable

3. Major non-equity investments ongoing during the reporting period

□Applicable Not applicable

4. Financial asset investment

(1) Securities investment situation

□Applicable Not applicable

The company had no securities investments during the reporting period.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(2) Derivatives investment situation

□Applicable Not applicable

The company had no derivative investments during the reporting period.

5. Usage of raised funds

□Applicable Not applicable

The company has no use of raised funds during the reporting period.

7. Sale of major assets and equity

1. Sale of major assets

□Applicable Not applicable

The company did not sell any major assets during the reporting period.

2. Sale of major equity interests

□Applicable Not applicable

8. Analysis of major holding and participating companies

Applicable □Not applicable

Information about major subsidiaries and joint-stock companies that affect the company's net profit by more than 10%

Unit: RMB 10,000 Company name Company type Main business Registered capital Total assets Net assets Operating income Operating profit Net profit R&D, production and sales of semiconductor silicon ingots Ningxia Zhongjing Subsidiary 5,000 23,082.61 19,431.34 10,941.37 2,859.17 2,477.61 Production and sales

R&D, production and sales of semiconductor silicon wafer Xi'an Zhongjing subsidiary 1,463.7 3,532.26 2,077.24 2,295.16 294.73 283.77

Semiconductor silicon wafer

• R&D and production of Zhongjing New Materials subsidiary 23,500 57,536.79 7,320.03 3,725.06 -1,949.59

1,397.30 production and sales

R&D, production and sales of semiconductor power chips and devices Jiangsu Gaoxin subsidiary 20,000 31,524.06 24,571.71 8,283.59 2,160.45 1,933.95

Acquisition and disposal of subsidiaries during the reporting period

□Applicable Not applicable

Description of major holding and joint-stock companies

None

9. Structured entities controlled by the company

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

10. Risks faced by the company and countermeasures

1. The introduction of professional talents stabilizes risks

With the increase in production and volume of new products and new production lines, business scale has expanded and delivery has been tight. The company has an increasingly urgent need for external introduction of high-end and professional talents, and continues to introduce talents through multiple channels. If the high-level talent introduction mechanism lacks precision, it may lead to insufficient stability of professional talents. It may also cause the introduced talents to be lost in the short term due to mismatched positions, unclear rights and responsibilities, or barriers to team collaboration, resulting in sunk recruitment costs. At the same time, if internal mid- and long-term incentives lack differentiated competitiveness, it will directly affect the sense of belonging and creative efficiency of introduced talents, thereby weakening the company's continued attraction to talents.

To this end, the company will systematically promote the construction of a talent training system, establish hierarchical and classified training courses, and formulate differentiated plans for new employees, technical backbones, management reserves and other groups to ensure that talent supply matches business needs. Expand the space for employee growth, continue to optimize the salary incentive and performance evaluation system, and enhance team cohesion through corporate culture promotion, employee care and other methods to build a solid talent foundation for steady development.

2. Risk of bad debts in accounts receivable

As the company's business scale continues to expand, the balance of accounts receivable is expected to increase accordingly. If there are adverse changes in the financial status of the major debtors, or the company fails to effectively manage credit risks, it will face the possibility of delayed collection of accounts receivable or even the occurrence of bad debts, which will have a negative impact on the company's operating results and cash flow. To this end, the company will continue to strengthen customer credit management, improve the entire process management of accounts receivable, standardize the responsibilities and authorities of relevant personnel, assign repayment responsibilities to specific business personnel and include them in performance appraisals. Strengthen dynamic monitoring, conduct regular account aging analysis and communicate with customers, and promptly discover and prompt overdue risks. Strictly implement bad debt provision policies to ensure the accuracy and robustness of financial information.

3. Risks of untimely production and delivery

Affected by the boost of market demand and the increase in customer order batches, the company's existing production system has been operating at high load for a long time, and the pace of order delivery has become tense. If the back-end production scheduling plan lacks a rapid linkage response mechanism and cannot adapt to changes in sales demand in a timely manner, there will be a periodic shortage of production capacity, which may cause the order delivery cycle to be forced to be extended.

To this end, the company has taken multiple measures to ease delivery pressure and manage the risk of overdue delivery. Through staff expansion and production capacity expansion, the overall production carrying capacity will be improved to ensure the upper limit of order acceptance. Implement dynamic allocation of production capacity, flexibly allocate production lines and production resources according to order conditions, coordinate order delivery timeliness and production capacity utilization efficiency, and stabilize delivery levels.

4. New product customer certification risks

Customer certification is a key step for new products in the semiconductor industry to enter the market. The semiconductor market is highly competitive and new products need to have significant advantages in performance, cost and reliability to gain customer and market recognition. If the competitiveness of the product cannot be effectively demonstrated during the certification process, it may face risks such as extending the certification cycle, delaying the marketing of new products and the realization of project benefits.

To this end, the company's management attaches great importance to the potential impact of certification risks on operations, and actively ensures product quality to ensure that new products meet the needs of the downstream market. Accelerate the certification work of new downstream customers and expand sales channels. Deeply explore the needs of existing customers and improve customer satisfaction and loyalty.

The above-mentioned prospects for future development are preliminary judgments based on the current macro environment, industry development trends and the actual situation of the company. There are many uncertainties. Investors are advised to make rational judgments and pay attention to investment risks.

11. Formulation and implementation of market value management system and valuation improvement plan

Whether the company has formulated a market value management system.

□Yes No

Whether the company has disclosed plans to increase its valuation.

□Yes No

12. Implementation of the “Double Improvement of Quality and Return” action plan

Has the company disclosed an announcement on the action plan of “double improvement of quality and return”?

□Yes No

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 4 Corporate Governance, Environment and Society

1. Changes in directors and senior managers of the company

□Applicable Not applicable

There were no changes in the company's directors and senior managers during the reporting period. For details, please refer to the 2025 annual report.

2. Profit distribution and conversion of capital reserve funds into share capital during the reporting period

□Applicable Not applicable

The company plans not to distribute cash dividends, give away bonus shares, or convert public reserve funds into share capital in the first half of the year.

3. Implementation of the company’s equity incentive plan, employee stock ownership plan or other employee incentive measures

Applicable □Not applicable

1. Equity incentives

On June 30, 2026, the company held the 16th meeting of the fourth board of directors, which reviewed and approved the "Proposal on the Company's "2026 Restricted Stock Incentive Plan (Draft) and its Summary"", the "Proposal on the Company's "2026 Restricted Stock Incentive Plan Implementation Assessment Management Measures" and the "Proposal on Requesting the Shareholders Meeting to Authorize the Board of Directors to Handle Matters Related to the Company's 2026 Restricted Stock Incentive Plan". Before the relevant proposals were submitted to the board of directors for review, they had been reviewed and approved at the meeting of the remuneration and assessment committee of the company's board of directors. The remuneration and assessment committee of the board of directors issued verification opinions on the relevant matters of this incentive plan, and Beijing Jincheng Tongda (Shanghai) Law Firm issued a legal opinion on the relevant matters.

2. Implementation of employee stock ownership plan

□Applicable Not applicable

3. Other employee incentives

□Applicable Not applicable

4. Environmental information disclosure

Whether listed companies and their major subsidiaries are included in the list of companies that disclose environmental information in accordance with the law

Yes □No

Number of companies included in the list of companies that disclose environmental information in accordance with the law (household) 1 Serial number Company name Query index of environmental information disclosure reports in accordance with the law

1 Ningxia Zhongjing Semiconductor Materials Co., Ltd. https://222.75.41.50:10958/

5. Social Responsibility

Zhongjing Technology always adheres to the value concept of "Quality Zhongjing, Better Life" and actively practices corporate social responsibility. During the reporting period, the company closely adhered to its mission and development plan, focused on product technological innovation and intelligent transformation, continued to improve quality, optimize categories, expand production capacity, and provide customers with high-quality products and services; it cared for its employees, implemented welfare benefits, actively participated in social welfare, and conveyed the company's warmth; it continued to pay attention to environmental protection, adhered to green and sustainable development, and helped the harmonious economic and social progress.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

1. Protection of the rights and interests of shareholders and creditors

The company adheres to the principle of prudent compliance and governance, strictly complies with the "Rules for Shareholders' Meetings of Listed Companies", "Articles of Association" and "Rules of Procedure for Shareholders' Meetings" and other regulations, standardizes the convening, convening and voting procedures of shareholders' meetings, and builds a rigorous and transparent governance structure. The shareholders' meeting uses a combination of on-site and online voting to strictly implement separate vote counting and timely disclosure of the results for major issues that affect the interests of small and medium-sized investors to protect all shareholders' rights to know, participate and vote. The company continues to improve its governance structure and internal control system, and maintains good communication through multiple channels such as performance briefings, investor hotlines, emails and interactive platforms. Information disclosure is timely, true, accurate and complete to ensure fair treatment of all shareholders, and actively implements equity distribution to effectively give back to shareholders and investors.

2. Protection of employees’ rights and interests

The company strictly abides by the Labor Law, Labor Contract Law and other laws and regulations, fully implements the national employment, labor safety and health, social security and medical security systems, signs labor contracts with employees in accordance with the law and pays social insurance in full and on time. Adhere to the principles of equal and non-discriminatory employment and ensure fair opportunities for employees in terms of appointment, salary and promotion. The company provides free apartments and dormitories, organizes collective activities regularly to enhance employees' sense of belonging; provides pre-job training and various professional trainings to support employee growth and promote the common development of employees and the company.

3. Protection of rights and interests of suppliers and customers

The company adheres to integrity management and strives to maintain a fair and orderly market environment. Continue to strengthen professional training for the management team, improve service capabilities, provide efficient and convenient support to suppliers and customers, and consolidate long-term cooperative relationships. Improve the supplier evaluation system, strictly implement the procurement management system, ensure open, fair and impartial procurement, ensure the quality of raw materials, and promote mutual benefit and win-win results. Guided by market demand and customer satisfaction, we actively expand cooperation channels, deepen business collaboration, optimize after-sales services, improve customer experience, and grow together with customers to share value.

4. Environmental protection and sustainable development

While pursuing steady development and economic benefits, the company adheres to the concept of green development and puts environmental protection at a strategic level. Establish and improve safety and environmental protection rules and regulations, integrate green production throughout the entire operation process; continue to increase investment in research and development, improve production efficiency, reduce energy consumption, improve resource utilization through technological innovation, and promote green industrial upgrading. Strict internal management and supervision mechanisms were implemented to ensure that environmental protection measures were implemented, and no major environmental or safety incidents occurred during the reporting period. The company actively assumes environmental responsibility in its self-development and promotes sustainable development of society and the environment.

5. Public relations and social welfare undertakings

The company actively builds harmonious public relations, internalizes social responsibility into business consciousness, insists on operating with integrity, pays taxes in accordance with the law, actively creates jobs, and supports local economic development. Pay attention to the synergy between economic and social benefits, promote the deep integration of corporate value and social value, and give back to the society with practical actions.

In the future, the company will continue to optimize social responsibility management, improve operating efficiency and governance levels, actively give back to shareholders, and effectively safeguard the rights and interests of employees; more actively participate in social welfare and ecological protection, improve resource utilization efficiency, further improve the social responsibility management system, and contribute more to the harmonious development of the economy, society and environment.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 5 Important Matters

1. Commitments made by the company’s actual controller, shareholders, related parties, acquirers, the company and other relevant parties that have been fulfilled during the reporting period and have been overdue as of the end of the reporting period.

□Applicable Not applicable

During the reporting period of the company, there were no commitments made by the company's actual controller, shareholders, related parties, acquirers, the company and other relevant parties that were fully fulfilled during the reporting period and that were overdue and unfulfilled as of the end of the reporting period.

2. Non-operating capital occupation of listed companies by controlling shareholders and other related parties □Applicable Not applicable

During the company's reporting period, there was no non-operational occupation of funds by the controlling shareholder or other related parties of the listed company.

3. Illegal external guarantees

□Applicable Not applicable

The company had no illegal external guarantees during the reporting period.

4. Appointment and dismissal of accounting firms

Has the semi-annual financial report been audited?

□Yes No

The company's semi-annual report has not been audited.

5. The board of directors’ explanation of the accounting firm’s “non-standard audit report” for this reporting period □ Applicable  Not applicable

6. Explanation of the Board of Directors on the “Non-standard Audit Report” of the previous year □ Applicable  Not applicable

7. Matters related to bankruptcy and reorganization

□Applicable Not applicable

The company had no bankruptcy or reorganization related matters during the reporting period.

8. Litigation matters

Major litigation and arbitration matters

□Applicable Not applicable

The Company had no major litigation or arbitration matters during the reporting period.

Other litigation matters

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Applicable □Not applicable

Basic information of litigation (arbitration) Amount involved Whether litigation (arbitration) is formed Litigation (arbitration) trial Litigation (arbitration) judgment

Disclosure Date Disclosure Index

Status (10,000 yuan) Estimated liabilities Progress Result and impact Resolution implementation status

The company and its subsidiaries act as

The plaintiff (applicant) has not yet made mediation effective;

Court ruling ends

A major lawsuit has been reached (arbitration 207.11 No. The trial has been completed. It is detrimental to the company’s operations.

execute

Disclosure standards matters that have a significant impact

Item summary

The company and its subsidiaries rejected the arbitration award as

Defendant (Respondent) Applicant All Please

Major litigation 3.48 has not been reached. No The arbitration has ended. No requirements for the company’s management.

(Arbitration) Disclosure Standards Business does not constitute material

Summary of matters affecting

9. Punishment and Rectification

□Applicable Not applicable

There were no penalties or rectifications during the company's reporting period.

10. Integrity status of the company, its controlling shareholders and actual controllers

□Applicable Not applicable

11. Major related transactions

1. Related transactions related to daily operations

Applicable □Not applicable

approved

Related sharing can be obtained

Is the related intersection related?

Related, related, related, related, transaction, quasi-transaction

Related party transaction amount exceeds transaction disclosure disclosed transaction transaction transaction transaction amount Yijin similar

Relationship Pricing Approval Settlement Date Indexer Type Content Price (10,000 Amount Transaction

Principle (10,000 amount method

Yuan) Ratio Market Price

Yuan)

2026 01

Longi day on March 31st

Procurement Hydropower/2026

Green Energy Acceptance Tide

Past Commodity/Park Market 1,050 94.71 1,946 Unfit Year 01

Technology / No or Telecommunications

Twelve Accepted Service Price .01 % .9 Used Month 31

Share Exchange Network

Monthly labor fee, etc. Days

Limited "Zhejiang"

for the public

Company Jiangzhong

Secretary

and Jinko

5% of shares

All technology stocks

above

capital, share

of shares

Holding Limited Company

East for sale 2026

Zi Gong Acceptance Division

Commodity/Silicon Rod Market 176.9 Discomfort Year 01

Company / 0 0.00% No or electricity is provided, etc. Price 9 months 31

Hui 2026 Labor Day

annual

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd.

Announcement on the Estimated Amount of Related Transactions" Announcement Number: 20

1,050 2,123

Total -- -- -- -- -- -- -- -- .01 .89

Details of large sales returns None

Daily correlations that will occur in this period by category

The total amount of transactions carried out is estimated, in the report None

Actual performance during the period (if any)

The difference between the transaction price and the market reference price is relatively

None

Big reason (if applicable)

2. Related transactions arising from asset or equity acquisition and sale

□Applicable Not applicable

The company had no related transactions related to asset or equity acquisition or sale during the reporting period.

3. Related transactions related to joint external investment

□Applicable Not applicable

The company had no related transactions related to joint external investments during the reporting period.

4. Related credit and debt transactions

□Applicable Not applicable

The company had no related creditor's rights or debts during the reporting period.

5. Dealings with related financial companies

□Applicable Not applicable

There are no deposits, loans, credit or other financial business between the company and its related financial companies and related parties.

6. The transactions between the financial company controlled by the company and related parties

□Applicable Not applicable

There are no deposits, loans, credit or other financial business between the financial companies controlled by the company and related parties.

7. Other major related transactions

□Applicable Not applicable

The company had no other major related transactions during the reporting period.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

12. Major contracts and their performance

1. Custody, contracting and leasing matters

(1) Custody situation

□Applicable Not applicable

There was no custody situation during the company's reporting period.

(2) Contracting situation

□Applicable Not applicable

There was no contracting situation during the reporting period of the company.

(3) Leasing situation

Applicable □Not applicable

Rental situation description

Due to operational needs, subsidiaries rent premises for production and operations, and have signed house leasing contracts. Projects that bring profits and losses to the company exceeding 10% of the company's total profit during the reporting period

□Applicable Not applicable

During the company's reporting period, there were no leasing projects that brought profits or losses to the company that accounted for more than 10% of the company's total profits during the reporting period.

2. Major guarantee

□Applicable Not applicable

The company had no major guarantees during the reporting period.

3. Entrusted financial management

□Applicable Not applicable

The company did not have entrusted financial management during the reporting period.

4. Other major contracts

□Applicable Not applicable

The company had no other major contracts during the reporting period.

13. Registration form for reception of research, communication, interviews and other activities during the reporting periodApplicable □Not applicable

Reception partner Main content of discussion Basic information about the research Reception time Reception location Reception method Reception objects

Type of object and information provided Status index 2026 3 Shanghai Pudong Jia Tianfeng Securities Li Shuangliang; Zhongtai Anhe For details about the company’s operating conditions, please see

Other institutions

On March 25th, Licheng Office Building He Ruixuan; PICC Wang Qing; Medium status, project progress, the company's status in Juchao Capital

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Credit Asset Management Zhan Jiarong; Shanghai Rongsheng Performance influencing factors, Zhou Kuiping disclosed by News Network; Tongqian Investment Zhu Ling; Bei Product situation and other issues "Investor Relations Jing Zundao You Yixuan; Yinhua Shares started communication and did not mention the activity record sheet" Chen Zihao; Huafu Fund Huang Xinglin; provided information (No.: Shanghai Silver Leaf Zhou Kuiping; Hangzhou Honghua 2026-03-Luo Shijia; Centennial Insurance Xu Juanjuan; 001)

LyGH Capital Hua Jinshu; Fu'an

Da Yang Hong; Xinyuan Li Biao; Long Ying

Fu Ze (Beijing) Lin Yongxiang; Tianfeng Certificate

Securities Co., Ltd. Shanghai Securities Proprietary Branch

Wang Lu; Biyun Yinxia Investment Management Consulting

Inquiry (Shanghai) Zhang Xiaoyu

For specific information, please refer to the information disclosed by the company on the Juchao Capital on the company’s production economic news website

Chief Analyst, New Materials Industry, CITIC Securities

Operation status and project progress in March 2026 "Investor Relations"

Company Conference Room Field Research Institutional Analyst Li Chao; CITIC Securities New Materials

On March 30th, exhibition and other issues were submitted. Activity Record Form" Industry Researcher Guo Keyu

Stream, no information provided (No. 2026-03-002)

For specific information, please refer to the order information surrounding the company.

status, project commissioning progress, 2026 4 degree, product proportion, "Investor Relations" disclosed by

Company Conference Room Field Research Institution Shenwan Lingxin Fund Liu Yinan

On January 1st, we communicated on the “Activity Record Sheet” on production capacity and other issues, but did not mention it (No.: Information provided 2026-04- 001)

Around the company 2026

For details, please see first quarter performance growth

The company faces huge challenges in terms of investment reasons, market and industry

Guojin Securities Wang Qianwen, Liu Bing; disclosed by Guxun.com

performance outlook, product needs

May 2026 He Asset Ji Shuanglu; Tiger Brokers "Investor Relations"

Company meeting room, field research, organization, request for price and order

November 7 Yi Yongjian; Geru Investment Wu Zihao, activity record sheet" delivery and production operation

Zhao Xiaoxiang; Dijun Assets Wang Junyuan (No.: Situation and other issues expand

2026-05-Exchange, no funding provided

001)

material

For details, please see the company’s 2026

The company’s overall outlook and future at Juchaozi

Disclosed by Xunwang

Driven by performance growth,

May 2026 Investor Relations

Company meeting room Field research Institution Kaiyuan Securities Chen Kai Product pricing, first quarter

Reasons for asset impairment in Activity Record Sheet on December 12th

(No.: Wait for questions to be submitted

2026-05-Stream, no information provided

002)

For details, please see the company’s 2025

The company’s operating results and receivables are on Juchaozi Network’s remote side

Disclosed through Value Online (www.ir-xun.com)

formula, the value lies in account risk management,

May 2026 (online platform online.cn) remotely via the Internet "Investor Relations"

Line (www.ir-others first quarter 2025

Online communication on November 15th. Participate in the company’s 2025 online performance activity record sheet (online.cn), business performance and other issues.

The vast number of investors at the briefing (No.: Online interaction, communication, not provided

2026-05-Information

003)

Shenwan Hongyuan Yang Haiyan, Yuan Hang, and Luo are ordering around the company. For details, please see May 2026 Chaoyang, Zhuang Yang, Li Yang; Shenwan Zidan, Zhongjing New Materials Company Yu Juchao Capital

Online meetings other institutions

On January 18th, Hu Ying; China Life Assets Li Zong, the project was put into operation and disclosed by Xinhuanet in 2025.

Ran; Minghe Investment Jiang Yufan; Huaxia Annual performance growth factor "Investor Relations Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text

Fund Yang Yurun; Yinhua Fund Guo Yin, Jiangsu Gao Xinxin Activity Record Table Lei; Wells Fargo Fund Wang Shuai; Yi Heyuan Production line progress, products (No.: Assets Wei Wei; Bank of Communications Fund on Price and gross profit increase 2026-05-Chang; Weixing Capital Liu Cong; Founder Since Reasons and other issues unfolded 004)

Camp Duan Mingzhe Communication, no funding provided

material

Huafu Securities Luo Tong, Liu Xiangu; Dong

Fang Securities Cao Fubao; CITIC Prudential

Jin Sun Haozhong; Fu Anda Fund Yan

For details about the company’s future profits, please see Feng; CMB Financial Management Li Tingxu; Pudong Bank of China

Focus on profit growth and gross profit. The company is funded by Juchao Capital AXA Fund Li Fan; Xiangcai Fund

Factors affecting interest rates, Zhang Haibo disclosed by Xunwang; Yan Weipeng from Caitong Fund;

May 2026 Shanghai Pudong Xiang Power chip products should be "Investor Relations Other Institutions Galaxy Fund Gao Peng; Shengjing Shanghai

On March 19th, Grila Hotel application fields and project progress activity record sheet》Sun Mingxin, Yang Yuxing; Guoxin Hongsheng

Exhibition, product pricing, etc. (No.: Yang Jia; Mingde Capital Zhao Yang; Hongzhen

Exchange on issues, 2026-05-Assets Wang Shun; Rong Xintai Private Equity Xu

No information provided 005)

Hui; Shanghai Calm Investment Hu Shu; Da

Tong Finance Xiao Jie; Ningyuan Capital Gu

Ming Yan

For details, please refer to the company’s business experience

The company's operating status and profit shortfall in Juchao Capital

Time, orders and production capacity disclosed by Xunwang

June 2026 Jinjiang Yidian Najin Asset Management Co., Ltd. "Investor Relations Online Meeting Other Institutions Utilization Rate, Gross Profit Improvement

On March 26th, the company He Yuqing’s activity record sheet showed the reasons for the upgrade and other issues.

(No.: Open for communication, not provided

2026-06-Information

001)

14. Description of other major matters

□Applicable Not applicable

There are no other significant matters that need to be explained during the company's reporting period.

15. Major events of the company’s subsidiaries

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 6 Share changes and shareholder status

1. Changes in shares

1. Changes in shares

Unit: Before this change in share capital Increase or decrease in this change (+, -) After this change

Issuance of provident fund transfer

Quantity Ratio Others Subtotal Quantity Ratio New Shares Shares

-

1. Sales restriction 13,408,9 10,378,0

32,828,600 25.33% 0 0 3,030,8 43,206,670 23.01% shares 67 70

1. State shareholding 0 0.00% 0 0 0 0 0 0 0.00%

2. State-owned legal person

0 0.00% 0 0 0 0 0 0 0.00% shareholding

-

3. Other domestic capital 13,408,9 10,378,0

32,828,600 25.33% 0 0 3,030,8 43,206,670 23.01% shareholding 67 70

Among them: Jing

0 0.00% 0 0 0 0 0 0 0.00% held by domestic legal persons

-

Nature within the territory 13,408,9 10,378,0

32,828,600 25.33% 0 0 3,030,8 43,206,670 23.01% people hold shares 67 70

4. Foreign shareholding 0 0.00% 0 0 0 0 0 0 0.00% of which: foreign

0 0.00% 0 0 0 0 0 0 0.00% shares held by foreign legal persons

Overseas nature

0 0.00% 0 0 0 0 0 0 0.00% people hold shares

2. Unlimited sales 44,739,5 3,030,8 47,770,4

96,790,400 74.67% 0 0 144,560,880 76.99% shares 83 97 80

1. RMB general currency 44,739,5 3,030,8 47,770,4

96,790,400 74.67% 0 0 144,560,880 76.99% common stock 83 97 80

2. Domestic listing

0 0.00% 0 0 0 0 0 0 0.00% of foreign shares

3. Overseas listing

0 0.00% 0 0 0 0 0 0 0.00% of foreign shares

4. Others 0 0.00% 0 0 0 0 0 0 0.00%

58,148,5 58,148,5

3. Total number of shares 129,619,000 100.00% 0 0 0 187,767,550 100.00%

50 50

Reasons for share changes

Applicable □Not applicable

The company held the company's 2025 annual shareholders' meeting on May 20, 2026, and reviewed and approved the "Proposal on the 2025 Profit Distribution and Capital Reserve Conversion Plan for Share Capital", agreeing that the company will distribute a cash dividend of 2.00 yuan (tax included) to all shareholders for every 10 shares, and use the capital reserve fund to convert 4.5 shares for every 10 shares to all shareholders. As of the end of this reporting period, the company has completed the 2025 equity distribution and industrial and commercial change registration. The company's total share capital has increased from 129,619,000 shares to 187,767,550 shares.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Approval status of share changes

Applicable □Not applicable

The company held the 14th meeting of the fourth session of the board of directors on April 27, 2026 to review and approve the "Proposal on the 2025 Profit Distribution and Conversion of Capital Reserve Funds to Share Capital Plan". It was agreed that the company would distribute a cash dividend of 2.00 yuan (tax included) to all shareholders for every 10 shares and convert the capital reserve funds to 4.5 shares for every 10 shares. The company's 2025 annual shareholders' meeting was held on May 20, 2026 to review and approve the above matters.

Transfer status of changes in shares

□Applicable Not applicable

Implementation progress of share buybacks

□Applicable Not applicable

Implementation progress of using centralized bidding method to reduce and repurchase shares

□Applicable Not applicable

The impact of share changes on financial indicators such as basic earnings per share and diluted earnings per share in the most recent year and period, net assets per share attributable to the company’s common shareholders Applicable □Not applicable

Basic earnings per share for the first half of 2026 will be 0.22 yuan, diluted earnings per share will be 0.22 yuan, and net assets per share attributable to the company's common shareholders will be 3.64 yuan. Other content that the company deems necessary or required to be disclosed by securities regulatory authorities

□Applicable Not applicable

2. Changes in restricted shares

Applicable □Not applicable

Unit: Release of share capital in this period, increase limit in this period

Name of shareholder Number of shares subject to selling restrictions at the beginning of the period Number of shares subject to selling restrictions at the end of the period Reasons for selling restrictions Number of shares subject to selling restrictions on the release date Number of shares sold

Executives lock shares; due to 2025

Equity distribution, management of senior management shares with capital public share management Xu Yijun 24,867,472 0 8,379,893 33,247,365

For every 10 shares of the accumulation fund, 4.5 shares will be added. Relevant regulations will increase the number of shares locked by senior executives.

Executives lock shares; due to 2025

Distribution of rights and interests, management of executive shares with capital public shares Guo Bingjian 2,557,841 0 748,182 3,306,023

For every 10 shares of the accumulation fund, 4.5 shares will be added. Relevant regulations will increase the number of shares locked by senior executives.

Executives lock shares; due to 2025

Distribution of rights and interests, management of senior management shares with capital public shares Zheng Donghai 39,000 0 17,550 56,550

For every 10 shares of the accumulation fund, 4.5 shares will be added. Relevant regulations will increase the number of shares locked by senior executives.

Executives lock shares; due to 2025

Equity distribution, management of senior management shares with capital public shares Li Zhiping 2,079,025 0 944,986 3,024,011

For every 10 shares of the accumulation fund, 4.5 shares will be added. Relevant regulations will increase the number of shares locked by senior executives.

Total 29,543,338 0 10,090,611 39,633,949 -- --

2. Securities issuance and listing

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

3. Number of shareholders and shareholding status of the company

Unit: Share

Total number of ordinary shareholders at the end of the reporting period 66,115 Total number of preference shareholders (if any) whose voting rights were restored at the end of the reporting period (see Note 8) 0

Shareholding status of shareholders holding more than 5% of the shares or the top 10 shareholders (excluding shares lent through refinancing)

Held with sales limit. Held with no sales limit. Pledge, marking or freezing status. Held at the end of the reporting period. Increase during the reporting period.

Name of shareholder Nature of shareholder Shareholding ratio Conditional shares Conditional shares

Number of shares minus changes Share status Number

quantity quantity

Xu Yijun Domestic natural person 23.61% 44,329,821 13,757,531 33,247,365 11,082,456 Pledge 10,295,000 Xu Wei Domestic natural person 12.01% 22,544,600 6,996,600 0 22,544,600 Not applicable 0 Li Zhiping Domestic natural person 2.15% 4,032,015 1,251,315 3,024,011 1,008,004 Not applicable 0 Guo Bingjian Domestic natural person 1.98% 3,718,484 678,463 3,306,023 412,461 Not applicable 0Huang Xiaoxiao Domestic natural person 1.90% 3,572,846 287,584 3,572,721 125 Not applicable 0Yidian Najin (Quanzhou) Private

Fund Management Co., Ltd.

Others 0.84% 1,585,685 1,443,085 0 1,585,685 Not applicable 0 - Yidian Najin Hongya Private Equity

securities investment funds

Yidian Najin (Quanzhou) Private

Fund Management Co., Ltd.

Others 0.72% 1,357,233 1,226,033 0 1,357,233 Not applicable 0-Yidianna Jinguanhong Phase 6

Private Securities Investment Fund

Yidian Najin (Quanzhou) Private

Fund Management Co., Ltd.

Others 0.55% 1,031,210 965,710 0 1,031,210 Not applicable 0-Yidian Najin Changhong Private Equity

securities investment funds

Yidian Najin (Quanzhou) Private

Fund Management Co., Ltd.

Others 0.46% 859,082 787,482 0 859,082 Not applicable 0-Yidian Najin Fenfa Private Equity

securities investment funds

Yidian Najin (Quanzhou) Private

Fund Management Co., Ltd.

Others 0.43% 811,945 714,145 0 811,945 Not applicable 0-Yidian Najin Shifeng Private Equity

securities investment funds

Situations in which strategic investors or general legal persons become the top 10 shareholders due to the placement of new shares (such as

None

Yes) (see note 3)

Xu Yijun and Xu Wei are brothers and are persons acting in concert. Apart from this, the company does not know any explanation of the related relationships or concerted actions of the above-mentioned shareholders.

Whether there is a related relationship between other shareholders and whether they are persons acting in concert.

Explanation of the above-mentioned shareholders’ entrustment/entrusted voting rights and abstention from voting rights None

Special instructions for the existence of special repurchase accounts among the top 10 shareholders (if any) (see Note 11) None

Shareholdings of the top 10 shareholders without sales restrictions (excluding shares lent through refinancing and shares locked by executives)

Share type

Name of shareholder Number of shares without selling restrictions held at the end of the reporting period

Type of shares Quantity Xu Wei 22,544,600 RMB ordinary shares 22,544,600 Xu Yijun 11,082,456 RMB ordinary shares 11,082,456 Yidian Najin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidian Najin Hongya Private Equity

1,585,685 RMB ordinary shares 1,585,685 Securities investment funds

Yidiannajin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidiannajin Guanhong Phase 6

1,357,233 RMB ordinary shares 1,357,233 Private securities investment funds

Yidian Najin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidian Najin Changhong Private Equity

1,031,210 RMB ordinary shares 1,031,210 Securities investment funds

Li Zhiping 1,008,004 RMB ordinary shares 1,008,004 Yidian Najin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidian Najin Fenfa Private Equity

859,082 RMB ordinary shares 859,082 Securities investment funds

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Yidian Najin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidian Najin Shifeng Private Equity

811,945 RMB ordinary shares 811,945 Securities investment funds

Cai Wu 733,410 RMB ordinary shares 733,410 Yidian Najin (Quanzhou) Private Equity Fund Management Co., Ltd. - Yidian Najin Jujia Yuan Private

727,995 RMB ordinary shares 727,995 Securities investment funds raised

Xu Yijun and Xu Wei are brothers and are persons acting in concert. In addition, the company does not know whether there is any related relationship between the top 10 shareholders subject to no selling moratorium, as well as the top 10 shareholders subject to no selling moratorium and the 10 shareholders not subject to selling moratorium. It is also unknown whether there is a relationship between the top 10 shareholders or an explanation of concerted action among the top 10 shareholders. At the same time, the relationship between the top 10 shareholders with no trading limit and the top 10 shareholders is unknown.

It is unknown whether there is any related relationship and whether they are persons acting in concert.

Description of the top 10 ordinary shareholders’ participation in margin trading and securities lending business (if any) (see

None

Note 4)

Note: The number of pledged shares in the above table is filled in based on the number after the capital reserve is increased.

The situation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participating in the refinancing business and lending shares

□Applicable Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed from the previous period due to refinancing lending/returning.

□Applicable Not applicable

Whether the company's top 10 ordinary shareholders and the top 10 unrestricted ordinary shareholders conducted agreed repurchase transactions during the reporting period

□Yes No

The company's top 10 common shareholders and the top 10 common shareholders without selling restrictions did not conduct agreed repurchase transactions during the reporting period.

4. Changes in shareholdings of directors and senior managers

Applicable □Not applicable

Granted at the beginning of the period Granted in the current period Granted at the end of the period Increase in holdings in this period Decrease in holdings in this period

Position Shareholding at the beginning of the period Shareholding at the end of the period Restrictions on you Restrictions on you Restrictions on you Name Position Number of shares Number of shares

Status Number (shares) Number (shares) Number of shares Number of shares Number of shares (shares) (shares)

Volume (shares) Volume (shares) Volume (shares)

Chairman, General Manager 30,572,2 44,329,8

Xu Yijun Current 0 0 0 0 0 Manager 90 21

Director, deputy general manager 3,040,02 3,718,48

Guo Bingjian Incumbent 0 475,549 0 0 0

Reason 1 4

Shou Yongyi Independent Director Current 0 0 0 0 0 0 0Cai Haijing Independent Director Current 0 0 0 0 0 0 0Zheng Donghai Independent Director Current 52,000 0 0 75,400 0 0 0

Secretary of the Board of Directors, 2,780,70 4,032,01

Li Zhiping Current 0 0 0 0 0

Deputy General Manager 0 5

Huang Chaocai Financial Manager Current 0 0 0 0 0 0 0 36,445,0 52,155,7

Total -- -- 0 475,549 0 0 0

11 20

5. Changes in controlling shareholders or actual controllers

If the company has previously disclosed that the actual controller is planning a change of control but has not yet completed it, please explain the progress of the change of control.

□Applicable Not applicable

Changes in controlling shareholders during the reporting period

□Applicable Not applicable

The company's controlling shareholder did not change during the reporting period.

Changes in actual controller during the reporting period

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.’s 2026 Semi-annual Report The actual controller of the company did not change during the reporting period.

6. Relevant information on preference shares

□Applicable Not applicable

There were no preferred shares in the company during the reporting period.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 7 Bond-related situations □Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Section 8 Financial Report

1. Audit report

Has the semi-annual report been audited?

□Yes No

The company's semi-annual financial report has not been audited.

2. Financial statements

The unit of statements in the financial notes is: Yuan

1. Consolidated balance sheet

Prepared by: Zhejiang Zhongjing Technology Co., Ltd.

June 30, 2026

Unit: Yuan

Item Ending balance Beginning balance

Current assets:

Monetary funds 111,828,979.87 137,131,038.71 Settlement reserves

Loan funds

trading financial assets

Derivative financial assets

Notes receivable 8,215,378.42 18,090,691.51 Accounts receivable 166,744,493.30 125,968,604.99 Accounts receivable financing 54,923,470.97 63,102,727.04 Prepayments 1,047,571.09 584,829.67 premiums receivable

Reinsurance accounts receivable

Receivable reinsurance contract reserves

Other receivables 1,936,379.65 1,636,011.86 Including: interest receivable

Dividends receivable

Buy financial assets under resale agreements

Inventory 126,737,778.10 106,665,685.35

Among them: data resources

contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 314,011.26 571,289.98 Total current assets 471,748,062.66 453,750,879.11

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Non-current assets:

Grant loans and advances

debt investment

Other debt investments

long-term receivables

long term equity investment

Other equity instrument investments

Other non-current financial assets

investment real estate

Fixed assets 650,498,515.52 641,302,525.93 Construction in progress 12,814,312.61 9,956,399.96 Productive biological assets

oil and gas assets

Right-of-use assets 1,515,410.28 1,697,284.04 Intangible assets 67,235,408.35 69,203,699.80

Among them: data resources

development expenditure

Among them: data resources

goodwill

Long-term deferred expenses

Deferred income tax assets 78,363,420.05 77,014,059.07 Other non-current assets 10,996,536.40 717,896.99 Total non-current assets 821,423,603.21 799,891,865.79 Total assets 1,293,171,665.87 1,253,642,744.90 Current liabilities:

Short-term borrowings 78,554,398.14 79,623,406.38 Borrowings from the central bank

borrowing funds

Trading financial liabilities

Derivative financial liabilities

Notes payable 32,519,846.17 17,027,647.54 Accounts payable 118,614,068.49 105,126,949.79 Advance receipts

Contract liabilities 4,213,363.33 7,722,466.44 Financial assets sold and repurchased

Taking deposits and placing deposits with other banks

Agent for buying and selling securities

Agent underwriting securities funds

Employee benefits payable 12,483,764.81 17,486,115.26 Taxes payable 7,952,787.13 7,064,391.35 Other payables 5,950,142.81 4,513,511.84

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Among them: interest payable

Dividends payable

Handling fees and commissions payable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within one year 8,714,069.63 92,768,752.66 Other current liabilities 2,264,364.76 7,915,180.56 Total current liabilities 271,266,805.27 339,248,421.82 Non-current liabilities:

insurance contract reserves

Long-term borrowings 288,200,000.00 194,950,000.00 Bonds payable

Among them: preferred shares

perpetual bond

Lease liabilities 852,053.55 375,666.60 Long-term payables

Long-term employee benefits payable

Estimated liabilities

Deferred income 47,629,958.00 49,274,861.45 Deferred income tax liabilities 2,116,864.75 2,400,950.03 Other non-current liabilities

Total non-current liabilities 338,798,876.30 247,001,478.08 Total liabilities 610,065,681.57 586,249,899.90 Owners’ equity:

Share capital 187,767,550.00 129,619,000.00 Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 215,884,760.91 274,033,310.91 Less: treasury shares 10,053,183.29 10,053,183.29 Other comprehensive income

special reserve

Surplus reserve 46,233,286.61 46,233,286.61 General risk reserve

Undistributed profits 243,273,570.07 227,560,430.77 Total owners’ equity attributable to the parent company 683,105,984.30 667,392,845.00 Minority shareholders’ equity

Total owners’ equity 683,105,984.30 667,392,845.00 Total liabilities and owners’ equity 1,293,171,665.87 1,253,642,744.90 Legal representative: Xu Yijun Person in charge of accounting work: Huang Chaocai Head of accounting department: Yin Jin

2. Balance sheet of the parent company

Unit: Yuan

Item Ending balance Beginning balance

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Current assets:

Monetary funds 55,141,185.44 75,068,341.54 Trading financial assets

Derivative financial assets

Notes receivable 474,575.83 4,928,616.51 Accounts receivable 62,861,946.64 45,932,874.49 Receivables financing 16,547,577.74 28,847,740.79 Prepayments 7,935,527.40 30,816.43 Other receivables 368,997,283.94 352,417,982.68 Including: interest receivable

Dividends receivable

Inventory 39,182,827.40 32,067,858.85

Among them: data resources

contract assets

Assets held for sale

Non-current assets due within one year

Other current assets

Total current assets 551,140,924.39 539,294,231.29 Non-current assets:

debt investment

Other debt investments

long-term receivables

Long-term equity investment 562,234,914.24 562,234,914.24 Other equity instrument investments

Other non-current financial assets

investment real estate

Fixed assets 57,216,146.90 59,466,415.58 Construction in progress 78,360.00 25,497.29 Productive biological assets

oil and gas assets

Right-of-use assets 277,812.43

Intangible assets 9,075,505.66 9,284,815.09

Among them: data resources

development expenditure

Among them: data resources

goodwill

Long-term deferred expenses

Deferred income tax assets 7,628,782.19 9,362,331.22 Other non-current assets 10,081,269.30 201,800.00 Total non-current assets 646,592,790.72 640,575,773.42 Total assets 1,197,733,715.11 1,179,870,004.71

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Current liabilities:

Short-term borrowings 43,773,515.63 50,029,166.67 Trading financial liabilities

Derivative financial liabilities

Notes payable 45,000,000.00 42,500,000.00 Accounts payable 54,826,390.86 16,785,504.80 Advance payments

Contract liabilities 134,761.53 46,986.74 Employee benefits payable 3,585,128.95 5,085,241.41 Taxes payable 994,193.65 1,588,505.82 Other payables 23,093,553.08 78,714,980.27 Including: interest payable

Dividends payable

Liabilities held for sale

Non-current liabilities due within one year 8,383,910.53 91,443,668.06 Other current liabilities 113,441.26 4,172,056.88 Total current liabilities 179,904,895.49 290,366,110.65 Non-current liabilities:

Long-term borrowings 288,200,000.00 194,950,000.00 Bonds payable

Among them: preferred shares

perpetual bond

Lease liabilities 187,293.52

long-term payables

Long-term employee benefits payable

Estimated liabilities

Deferred income 2,467,336.67 2,588,164.88 Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 290,854,630.19 197,538,164.88 Total liabilities 470,759,525.68 487,904,275.53 Owners’ equity:

Share capital 187,767,550.00 129,619,000.00 Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 269,282,649.58 327,431,199.58 Less: treasury shares 10,053,183.29 10,053,183.29 Other comprehensive income

special reserve

Surplus reserve 46,233,286.61 46,233,286.61 Undistributed profits 233,743,886.53 198,735,426.28 Total owners’ equity 726,974,189.43 691,965,729.18

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Total liabilities and owners’ equity 1,197,733,715.11 1,179,870,004.71

3. Consolidated income statement

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Total operating income 267,807,003.81 217,194,321.89 Including: operating income 267,807,003.81 217,194,321.89 Interest income

Premiums earned

Fee and commission income

2. Total operating costs 201,761,369.22 172,847,214.05 Including: operating costs 147,260,619.48 125,669,960.76 Interest expenses

Handling fees and commission expenses

surrender deposit

Net compensation expenses

Net withdrawal of insurance liability reserves

policy dividend payout

Reinsurance cost

Taxes and surcharges 4,322,980.89 3,939,018.71 Sales expenses 2,636,645.87 2,649,924.88 Management expenses 25,666,396.34 21,700,523.70 Research and development expenses 15,046,323.10 15,563,158.89Financial expenses 6,828,403.54 3,324,627.11Including: Interest expenses 4,288,821.88 4,939,036.46Interest income 2,046,534.70 2,251,644.65Plus: other income 2,067,538.97 2,635,111.53 investment income (losses are listed with “—”)

Including: Investment income from associates and joint ventures

Gains from derecognition of financial assets measured at amortized cost

Exchange gains (losses are listed with "-")

Net exposure hedging income (losses are listed with “—”)

Gains from changes in fair value (losses are listed with “—”)

Credit impairment loss (losses are listed with "-") 523,093.74 -80,158.09 Asset impairment losses (losses are listed with "-") -25,186,175.05 -21,669,699.74

Income from asset disposal (losses are listed with “—”) 3,809.56

3. Operating profit (losses are listed with "-") 43,450,092.25 25,236,171.10 plus: non-operating income 0.98

Less: Non-operating expenses 86,838.67 83,491.17

4. Total profits (total losses are listed with “—”) 43,363,254.56 25,152,679.93

Less: Income tax expense 1,806,315.26 -583,955.33

5. Net profit (net loss is listed with “—”) 41,556,939.30 25,736,635.26

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(1) Classification by business continuity

1. Net profit from continuing operations (net losses are listed with “-”) 41,556,939.30 25,736,635.26 2. Net profit from discontinued operations (net losses are listed with “-”)

(2) Classification according to ownership ownership

1. Net profit attributable to shareholders of the parent company (net losses are listed with "-") 41,556,939.30 25,736,635.26 2. Profit and loss of minority shareholders (net losses are listed with "-")

6. Net amount of other comprehensive income after tax

Other comprehensive income, net of tax, attributable to owners of the parent company

(1) Other comprehensive income that cannot be reclassified into profit or loss

1. Remeasure the changes in defined benefit plan

2. Other comprehensive income that cannot be transferred to profit or loss under the equity method

3. Changes in fair value of other equity instrument investments

4. Changes in the fair value of the company’s own credit risk

5.Others

(2) Other comprehensive income that will be reclassified into profit and loss

1. Other comprehensive income that can be converted to profit or loss under the equity method

2. Changes in fair value of other debt investments

3. The amount of financial assets reclassified and included in other comprehensive income

4. Credit impairment provisions for other debt investments

5. Cash flow hedging reserve

6. Translation differences of foreign currency financial statements

7.Others

Other comprehensive income, net of tax, attributable to minority shareholders

7. Total comprehensive income 41,556,939.30 25,736,635.26 Total comprehensive income attributable to owners of the parent company 41,556,939.30 25,736,635.26 Total comprehensive income attributable to minority shareholders

8. Earnings per share:

(1) Basic earnings per share 0.22 0.14

(2) Diluted earnings per share 0.22 0.14

If a business merger under the same control occurs in this period, the net profit realized by the merged party before the merger is: 0.00 yuan, and the net profit realized by the merged party in the previous period is: 0.00 yuan.

Legal representative: Xu Yijun Person in charge of accounting work: Huang Chaocai Person in charge of accounting department: Yin Jin

4. Income statement of the parent company

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Operating income 90,717,480.05 81,896,209.80

Less: Operating costs 57,910,860.93 56,300,594.46

Taxes and surcharges 854,057.82 851,038.67

Selling expenses 1,015,253.17 856,040.69

Management expenses 7,168,292.41 6,911,758.76

Research and development expenses 3,796,241.90 4,431,800.39

Financial expenses 5,460,576.71 4,019,694.42

Including: interest expenses 3,997,181.47 4,895,929.53

Interest income 1,276,011.35 1,252,848.43

Add: other income 187,458.89 514,643.13

Investment income (losses are listed with “—”) 50,000,000.00 40,000,000.00

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Including: Investment income from associates and joint ventures

Gains (losses) from derecognition of financial assets measured at amortized cost

Fill in the column with "—" sign)

Net exposure hedging income (losses are listed with “—”)

Gains from changes in fair value (losses are listed with “—”)

Credit impairment losses (losses are listed with "-") -68,920.44 -15,071.97 Asset impairment losses (losses are listed with "-") -2,046,212.98 -2,491,110.88

Income from asset disposal (losses are listed with “—”) 3,179.60

2. Operating profit (losses are listed with "-") 62,584,522.58 46,536,922.29 Add: non-operating income 0.98

Less: Non-operating expenses 2,907.69 515.45

3. Total profits (total losses are listed with “—”) 62,581,615.87 46,536,406.84

Less: Income tax expense 1,729,355.62 738,534.95

4. Net profit (net loss is listed with "—") 60,852,260.25 45,797,871.89

(1) Net profit from continuing operations (net loss is listed with "—") 60,852,260.25 45,797,871.89

(2) Net profit from discontinued operations (net loss is listed with “—”)

5. Net amount of other comprehensive income after tax

(1) Other comprehensive income that cannot be reclassified into profit or loss

1. Remeasure the changes in defined benefit plan

2. Other comprehensive income that cannot be transferred to profit or loss under the equity method

3. Changes in fair value of other equity instrument investments

4. Changes in the fair value of the company’s own credit risk

5.Others

(2) Other comprehensive income that will be reclassified into profit and loss

1. Other comprehensive income that can be converted to profit or loss under the equity method

2. Changes in fair value of other debt investments

3. The amount of financial assets reclassified and included in other comprehensive income

4. Credit impairment provisions for other debt investments

5. Cash flow hedging reserve

6. Translation differences of foreign currency financial statements

7.Others

6. Total comprehensive income 60,852,260.25 45,797,871.89

7. Earnings per share:

(1) Basic earnings per share

(2) Diluted earnings per share

5. Consolidated cash flow statement

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Cash flow generated from operating activities:

Cash received from selling goods and providing services 161,143,684.62 147,509,054.20 Net increase in customer deposits and deposits from banks

Net increase in borrowing from the central bank

Net increase in borrowing funds from other financial institutions

Cash received from premiums from the original insurance contract

Net cash received from reinsurance business

Net increase in policyholders’ savings and investment funds

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Cash collected from interest, fees and commissions

Net increase in borrowing funds

Net increase in repurchase business funds

Net cash received from buying and selling securities on behalf of agents

Tax returns received 3,540,540.87 1,538,861.00 Other cash received related to operating activities 2,791,804.58 3,443,454.30 Subtotal of cash inflows from operating activities 167,476,030.07 152,491,369.50 Cash paid for purchasing goods and receiving services 64,526,223.29 55,935,047.71

Net increase in loans and advances to customers

Net increase in deposits with central banks and inter-banks

Cash used to pay compensation from the original insurance contract

Net increase in lending funds

Cash payments for interest, fees and commissions

Cash payment for policy dividends

Cash paid to and for employees 62,690,689.91 55,607,686.49 Various taxes paid 23,562,820.00 16,866,423.04 Cash paid for other operating activities 4,877,396.77 7,445,368.47 Subtotal of cash outflows from operating activities 155,657,129.97 135,854,525.71 Net cash flow generated from operating activities 11,818,900.10 16,636,843.79

2. Cash flow generated from investing activities:

Recover cash received on investment

Cash received from investment income

Net cash received from disposal of fixed assets, intangible assets and other long-term assets 10,000.00 Net cash received from disposal of subsidiaries and other business units

Other cash received related to investing activities

Subtotal of cash inflows from investing activities 10,000.00 Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets 11,360,883.93 6,986,699.24 Cash paid for investment

Net increase in mortgage loans

Net cash received from subsidiaries and other business units

Other cash payments related to investing activities

Subtotal of cash outflows from investing activities 11,360,883.93 6,986,699.24 Net cash flow generated from investing activities -11,360,883.93 -6,976,699.24

3. Cash flow generated from financing activities:

Absorbing cash received from investments

Including: cash received by subsidiaries from investment by minority shareholders

Cash received from borrowings 148,667,594.44 299,950,000.00 Cash received from other financing activities

Subtotal of cash inflows from financing activities 148,667,594.44 299,950,000.00 Cash paid to repay debts 139,850,000.00 257,200,000.00

Cash paid for distribution of dividends, profits or repayment of interest 29,861,746.50 5,620,030.22 Including: dividends and profits paid by subsidiaries to minority shareholders

Payment of other cash related to financing activities 1,299,211.00 44,630,881.17 Subtotal cash outflow from financing activities 171,010,957.50 307,450,911.39 Net cash flow generated from financing activities -22,343,363.06 -7,500,911.39

4. Impact of exchange rate changes on cash and cash equivalents -4,100,196.69 -474,178.04

5. Net increase in cash and cash equivalents -25,985,543.58 1,685,055.12 plus: opening balance of cash and cash equivalents 134,850,777.38 155,703,797.48

6. Balance of cash and cash equivalents at the end of the period 108,865,233.80 157,388,852.60

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

6. Cash flow statement of the parent company

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Cash flow generated from operating activities:

Cash received from selling goods and providing services 62,041,352.06 76,223,687.38 Tax refunds received

Other cash received related to operating activities 1,457,353.16 1,501,340.01 Subtotal of cash inflows from operating activities 63,498,705.22 77,725,027.39 Cash paid to purchase goods and receive services 15,474,232.55 74,007,139.50 Cash paid to and for employees 17,435,649.56 16,100,150.63 Various taxes paid 3,557,444.07 2,263,632.69 Other cash paid related to operating activities 1,833,606.69 1,694,226.76 Subtotal of cash outflows from operating activities 38,300,932.87 94,065,149.58 Net cash flow generated from operating activities 25,197,772.35 -16,340,122.19

2. Cash flow generated from investing activities:

Recover cash received on investment

Cash received from investment income 50,000,000.00 40,000,000.00 Net cash received from disposal of fixed assets, intangible assets and other long-term assets

Net cash received from disposal of subsidiaries and other business units

Other cash received related to investing activities

Subtotal of cash inflows from investing activities 50,000,000.00 40,000,000.00 Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets 540,185.88 56,274.00 Cash paid for investments 33,188,680.00 Net cash paid for the acquisition of subsidiaries and other business units

Cash payments related to other investment activities 10,000,419.30

Subtotal of cash outflows from investing activities 10,540,605.18 33,244,954.00 Net cash flow generated from investing activities 39,459,394.82 6,755,046.00

3. Cash flow generated from financing activities:

Absorbing cash received from investments

Cash received from borrowings 143,750,000.00 299,950,000.00 Cash received from other financing activities 9,700,000.00

Subtotal of cash inflows from financing activities 153,450,000.00 299,950,000.00 Cash paid to repay debts 139,850,000.00 257,200,000.00 Cash paid to distribute dividends, profits or pay interest 29,861,746.50 5,620,030.22 Payment of other cash related to financing activities 66,600,000.00 30,939,151.17 Subtotal of cash outflows from financing activities 236,311,746.50 293,759,181.39 Net cash flow generated from financing activities -82,861,746.50 6,190,818.61

4. Impact of exchange rate changes on cash and cash equivalents -2,449,697.19 -251,661.57

5. Net increase in cash and cash equivalents -20,654,276.52 -3,645,919.15 plus: opening balance of cash and cash equivalents 74,999,023.58 93,864,670.31

6. Closing balance of cash and cash equivalents 54,344,747.06 90,218,751.16

7. Consolidated statement of changes in owners’ equity

Amount of current period

Unit: Yuan

2026 half year

The project is attributable to the owner's equity of the parent company.

Shares, other equity instruments, capital, less special profits - not, other decimals, yes

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Notes: The surplus of other items should be equally divided among others. Those who plan to own the shares will be preferred. The company will always be the public treasury comprehensive reserve. The public style will be allocated to the shareholders.

First, continue to accumulate and accumulate insurance, interests, rights and interests.

Stocks, bonds, stocks, close to profit, combined

Profit plan 129 274 10, 46, 227 667 667,61,03 053 233,56,39,39

1. Previous year period

9,0 3,3 ,18 ,28 0,4 2,8 2,8 balance at the end of

0. 10. 3.2 6.6 30. 45. 45. 00 91 9 1 77 00 00 plus: yes

Changes in accounting policies

before

period error correction

its

him

129 274 10, 46, 227 667 667 ,61 ,03 053 233 ,56 ,39 ,39

2. Current year

9,0 3,3 ,18 ,28 0,4 2,8 2,8 Initial balance

0. 10. 3.2 6.6 30. 45. 45. 00 91 9 1 77 00 00

-

3. This period increased by 58, 15, 15, 15,

58,

Less change amount 148 713 713 713 (reduced by ,55,13,13,13

,55

Fill in "—" 0.0 9.3 9.3 9.3

0.0

column) 0 0 0 0

41, 41, 41,

556 556 556

(1) Comprehensive

,93 ,93 ,93Total income

9.3 9.3 9.3

0 0 0

(2) All

investor input and reduction

less capital

1． owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

3. Share branch

Payment is included in all

owner's equity

Um

4. Others

---

25, 25, 25,

(3) Profit 843 843 843 Distribution ,80 ,80 ,80 0.0 0.0 0.0

0 0 0 1. Withdraw profit

surplus public space

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

2. Extract one

General risk preparation

---

25, 25, 25, 3. to all

843 843 843 (or shares

,80,80,80 East) distribution

0.0 0.0 0.0

0 0 0 4. Others

-

58,

58,

(4) All 148

Owners’ rights and interests internal ,55

,55

Carry forward 0.0

0.0

-

58,

58,

1． Capital Company 148

Convert accumulated capital to increase capital, 55

,55

(or equity) 0.0

0.0

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

reserve

1． This issue mentions

take

2. This issue makes

use

(6) Others

187 215 10, 46, 243 683 683,76,88 053 233,27,10,10

4. This issue

7,5 4,7 ,18 ,28 3,5 5,9 5,9 balance at the end of

50. 60. 3.2 6.6 70. 84. 84. 00 91 9 1 07 30 30

Amount of previous year

Unit: Yuan

2025 semi-annual projects belong to the owner’s equity of the parent company

Small shares of other equity instruments capital minus its proprietary profit one not its decimal The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. is available

Notes: The surplus of other items should be equally divided among others. Those who plan to own the shares will be preferred. The company will always be the public treasury comprehensive reserve. The public style will be allocated to the shareholders.

First, continue to accumulate and accumulate insurance, interests, rights and interests.

Shares Debt Shares Profit Profit Provision 130 283 14, 40, 209 648 648, 23, 41 982 707, 39, 76, 76

1. Previous year period

1,4 3,9 ,86 ,86 2,8 3,2 3,2 balance at the end of

97. 47. 4.7 2.6 33. 75. 75. 00 83 9 2 18 84 84 plus: yes

Changes in accounting policies

before

period error correction

its

him

130 283 14, 40, 209 648 648,23,41 982 707,39,76,76

2. Current year

1,4 3,9 ,86 ,86 2,8 3,2 3,2 Initial balance

97. 47. 4.7 2.6 33. 75. 75. 00 83 9 2 18 84 84

3. Added in this issue - - -

6,3 1,2 1,2 minus changes 612 9,3 4,9

53, 90, 90, (reduced to ,49 80, 29,

785 332 332 Fill in “—” 7.0 636 681

.26 .84 .84 columns) 0 .92 .50

25, 25, 25, 736 736 736

(1) Comprehensive

,63 ,63 ,63Total income

5.2 5.2 5.2

6 6 6 - - - - -

(2) All 612 9,3 4,9 5,0 5,0 invested and reduced ,49 80, 29, 63, 63, less capital 7.0 636 681 452 452 0 .92 .50 .42 .42 1. owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

---

3. Share branch

612 9,3 9,9

Payment is included in all

,49 80, 93,

owner's equity

7.0 636 133

Um

0 .92 .92

• • 5,0

5,0 5,0 63,

4. Others 63, 63,

452 452 .42

.42 .42

---

(3) Profit

19, 19, 19,distribution

382 382 382Full text of Zhejiang Zhongjing Technology Co., Ltd.’s 2026 Semi-annual Report

,85 ,85 ,85 0.0 0.0 0.0

0 0 0 1. Withdraw profit

surplus public space

2. Extract one

General risk preparation

• • • 19, 19, 19, 3. to all

382 382 382 (or shares

,85,85,85 East) distribution

0.0 0.0 0.0

0 0 0 4. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

reserve

1． This issue mentions

take

2. This issue makes

use

(6) Others

129 274 10, 40, 215 650 650 ,61 ,03 053 707 ,74 ,05 ,05

4. This issue

9,0 3,3 ,18 ,86 6,6 3,6 3,6 end balance

0. 10. 3.2 2.6 18. 08. 08. 00 91 9 2 44 68 68

1. Statement of changes in owner’s equity of the parent company

Amount of current period

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

2026 half year

Other equity instruments All less: Others Undivided

Project Capital Special Surplus Owner's Equity Priority Perpetual Inventory Comprehensive Distribution Others

Other public reserves, reserves, equity joint ventures, bonds, shares, profits

plan

129.6 327.4 10.05 46.23 198.7 691.9

1. Previous year period

19,00 31,19 3,183 3,286 35,42 65,72 Ending balance

0.00 9.58 .29 .61 6.28 9.18

Add: yes

Changes in accounting policies

before

period error correction

its

him

129.6 327.4 10.05 46.23 198.7 691.9

2. Current year

19,00 31,19 3,183 3,286 35,42 65,72Initial balance

0.00 9.58 .29 .61 6.28 9.18

3. Added in this issue

-

Less changes 58,14 35,00 35,00

58,14

(Reduced to 8,550 8,460 8,460

8,550

Fill in the "—" sign with .00 .25 .25

.00

column)

60,85 60,85

(1) Comprehensive

2,260 2,260Total income

.25 .25

(2) All

investor input and reduction

less capital

1． owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

3. Share branch

Payment is included in all

owner's equity

Um

4. Others

(3) Profit 25,84 25,84 Distribution 3,800 3,800

.00 .00 1. Withdraw profit

surplus public space

• • 2． to all

25,84 25,84 (or shares

3,800 3,800 East) allocation

.00 .00 3. Others

58,14 -

(4) All

8,550 58,14

Inside the investor’s rights

.00 8,550

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Carry forward .00

-

1． Capital Corporation 58,14

58,14

Accumulation converted into capital 8,550

8,550

(or equity) .00

.00

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

reserve

1． This issue mentions

take

2. This issue makes

use

(6) Others

187,7 269,2 10,05 46,23 233,7 726,9

4. This issue

67,55 82,64 3,183 3,286 43,88 74,18 Ending balance

0.00 9.58 .29 .61 6.53 9.43Amount in the previous year

Unit: Yuan

2025 half year

Other equity instruments All

Less: Others not divided

Project Capital Special Surplus Owner's Equity Priority Perpetual Inventory Comprehensive Distribution Others

Other public reserves, reserves, equity joint ventures, bonds, shares, profits

Total 130,2 336,8 14,98 40,70 168,3 661,1

1. Previous year period

31,49 11,83 2,864 7,862 89,46 57,79 Ending balance

7.00 6.50 .79 .62 0.38 1.71 Plus: Yes

Changes in accounting policies

before

period error correction

its

him

130,2 336,8 14,98 40,70 168,3 661,1

2. Current year

31,49 11,83 2,864 7,862 89,46 57,79Initial balance

7.00 6.50 .79 .62 0.38 1.71

3. Added in this issue - -

• 26,41 21,35 less changes 9,380 4,929

612,4 5,021 1,569 (reduced to ,636. ,681.

97.00 .89 .47 Fill in “—” 92 50

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

column)

45,79 45,79

(1) Comprehensive

7,871 7,871Total income

.89 .89 - - -

(2) All -

9,380 4,929 5,063 investor input and deduction 612,4

,636. ,681. ,452. Less capital 97.00

92 50 42 1. owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

3. Share branch - -

-

Payment included in all 9,380 9,993

612,4

,636. ,133.

97.00

Amount 92 92

5,063 5,063 4. Others ,452. ,452. 42 42

(3) Profit 19,38 19,38 Distribution 2,850 2,850

.00 .00 1. Withdraw profit

surplus public space

• • 2． to all

19,38 19,38 (or shares

2,850 2,850 East) allocation

.00 .00 3. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

reserve

1． This issue mentions

take

2. This issue makes

use

(6) Others

129.6 327.4 10.05 40.70 194.8 682.5

4. This issue

19,00 31,19 3,183 7,862 04,48 09,36 Ending balance

0.00 9.58 .29 .62 2.27 1.18

3. Basic situation of the company

Zhejiang Zhongjing Technology Co., Ltd. (hereinafter referred to as the "Company" or "the Company") was established on the basis of Zhejiang Changxing Zhongcheng Electronics Co., Ltd. by resolution of the shareholders' meeting on June 3, 2014. It was registered with the Huzhou Administration for Industry and Commerce on June 19, 2014. It currently holds a business license with the unified social credit code of 91330500550515703T. Company registration place: No. 59, Luhui Road, Taihu Street, Changxing County. Legal representative: Xu Yijun. The company's shares were listed for trading on the Shenzhen Stock Exchange on December 18, 2020. The company's existing registered capital is RMB 187,767,550.00, and its total share capital is 187,767,550.00 shares, with a par value of RMB 1 per share. Among them: 43,206,670.00 A shares with trading restrictions; 144,560,880.00 A shares with no selling conditions.

The company's basic organizational structure: In accordance with national laws, regulations and the company's articles of association, a standardized multi-level governance structure consisting of the shareholders' meeting, the board of directors and the operating management has been established; the board of directors has four special committees including the strategy committee, audit committee, remuneration and assessment committee, and nomination committee, and the board of directors' office. The company consists of internal audit department, planning department, slicing processing department, grinding disc processing department, quality assurance department, equipment engineering department, purchasing department, technology department, marketing department, international trade department, finance department, administrative and personnel department, securities department, strategic investment department, legal department and other main functional departments.

The company belongs to the semiconductor silicon material industry. The business scope is: manufacturing and sales of crystalline silicon and electronic components, development, technical consultation and technology transfer of crystalline silicon and its products, electronic components and new energy-saving materials, design and sales of electrical machinery equipment; import and export of goods, and import and export of technology. The company's main products are semiconductor silicon materials and their products, including semiconductor ingots, grinding wafers, corrosion wafers, polishing wafers, semiconductor power chips and devices, etc.

This financial statement and the notes to the financial statements were approved by the 17th meeting of the company's fourth board of directors on August 28, 2026.

4. Basis for preparation of financial statements

1. Basics of preparation

The company prepares financial statements based on going concern, based on actual transactions and events, and in accordance with the "Accounting Standards for Business Enterprises - Basic Standards" and various specific accounting standards, application guides for the Accounting Standards for Business Enterprises, interpretations of the Accounting Standards for Business Enterprises and other relevant regulations promulgated by the Ministry of Finance (hereinafter collectively referred to as the "Accounting Standards for Business Enterprises"), as well as the disclosure provisions of the China Securities Regulatory Commission's "Information Disclosure Preparation Rules for Companies that Offer Securities to the Public No. 15 - General Provisions on Financial Reports (Revised in 2023)".

2. Continued operations

The Company has no events or circumstances that would cast significant doubt on the going concern assumption within 12 months from the end of the reporting period.

5. Important accounting policies and accounting estimates

Specific accounting policies and accounting estimation tips:

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The Company and its subsidiaries have formulated a number of specific accounting policies and accounting estimates for transactions and matters such as revenue recognition, depreciation of fixed assets, and amortization of intangible assets based on actual production and operation characteristics and in accordance with the provisions of relevant corporate accounting standards. For specific accounting policies, please refer to relevant instructions such as "Important Accounting Policies and Accounting Estimates - Revenue", "Important Accounting Policies and Accounting Estimates - Fixed Assets", "Important Accounting Policies and Accounting Estimates - Intangible Assets".

1. Statement on compliance with corporate accounting standards

The financial statements prepared by the Company comply with the requirements of the Accounting Standards for Business Enterprises and truly and completely reflect the Company's financial status, operating results, cash flow and other relevant information.

2. Accounting period

The fiscal year begins on January 1 and ends on December 31 of the Gregorian calendar.

3. Business cycle

The normal operating cycle refers to the period from the purchase of assets for processing to the realization of cash or cash equivalents. The company uses 12 months as an operating cycle and uses it as the liquidity classification standard for assets and liabilities.

4. Accounting standard currency

The Company and its domestic subsidiaries use RMB as their functional accounting currency. The currency used by the Company in preparing these financial statements is RMB.

5. Determination method and selection basis of importance standards

Applicable □Not applicable

Project Materiality Criteria

Important other receivables 0.10% of the latest audited net assets

Important accounts payable 0.50% of the latest audited net assets

Important other payables 0.10% of the latest audited net assets

Important fixed assets: 0.50% of the latest audited net assets

Important construction in progress 0.50% of the latest audited net assets

6. Accounting treatment methods for business combinations under the same control and those not under the same control

Business merger refers to a transaction or event that combines two or more separate enterprises to form a reporting entity. Business mergers are divided into business combinations under the same control and business combinations not under the same control.

1. Accounting treatment for business combinations under common control

The enterprises participating in the merger are ultimately controlled by the same party or the same parties before and after the merger, and the control is not temporary. It is a business merger under the same control. The assets and liabilities of the merged party acquired by the company in a business merger shall be measured according to the book value of the merged party in the consolidated financial statements of the ultimate controlling party on the merger date, except for adjustments due to different accounting policies. The difference between the company's share of the book value of the merged party's owners' equity in the ultimate controlling party's consolidated financial statements and the book value of the merger consideration paid (or the total face value of shares issued) shall be adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings shall be adjusted.

When a business merger under the same control is achieved step by step through multiple transactions, the difference between the book value of the investments held before the merger plus the book value of the new consideration paid on the merger date and the book value of the net assets acquired during the merger will be adjusted to the capital reserve (equity premium). If the capital reserve is insufficient for offset, the retained earnings will be adjusted. For long-term equity investments held by the merging party before acquiring control of the merged party, relevant profits and losses, other comprehensive income and other changes in owner's equity have been recognized between the date of acquisition of the original equity and the date when the merging party and the merged party are under the same party's final control, whichever is later, to the date of merger, and shall be offset against the opening retained earnings or current profits and losses of the comparative statement period respectively, except for other comprehensive income arising from the investee's remeasurement of the net liabilities or changes in net assets of the defined benefit plan.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

2. Accounting treatment for business combinations not under common control

If the enterprises participating in the merger are not ultimately controlled by the same party or the same parties before and after the merger, it is a business merger not under the same control.

On the acquisition date, the company recognizes the difference between the merger cost and the fair value share of the acquiree's identifiable net assets acquired in the merger as goodwill; if the merger cost is less than the fair value share of the acquiree's identifiable net assets acquired in the merger, the difference is first recognized as goodwill. The fair value of the acquiree's identifiable assets, liabilities and contingent liabilities and the measurement of merger costs are reviewed. After review, if the merger cost is still less than the fair value share of the acquiree's identifiable net assets obtained in the merger, the difference is included in the current profit and loss.

If on the acquisition date or the end of the current period of merger, the fair value of each asset paid as consideration for the merger cannot be reasonably determined due to various factors, or the fair value of the identifiable assets and liabilities of the acquiree obtained during the merger, at the end of the current period of merger, the company will calculate the business merger based on the temporarily determined value. If further information is obtained within 12 months from the purchase date indicating that the originally provisionally determined value needs to be adjusted, it will be deemed to have occurred on the purchase date and retrospective adjustments will be made. At the same time, relevant adjustments will be made to the comparative statement information provided based on the temporary value; adjustments to the cost of business combination or the value of identifiable assets and liabilities acquired in the merger after 12 months from the purchase date will be handled in accordance with the principles of "Accounting Standards for Business Enterprises No. 28 - Changes in Accounting Policies, Accounting Estimates and Error Corrections".

The deductible temporary differences of the purchased party obtained by the company in a business combination will not be recognized if they do not meet the conditions for recognition of deferred income tax assets on the acquisition date. Within 12 months after the purchase date, if new or further information is obtained indicating that the relevant circumstances on the purchase date already exist, and the economic benefits brought by the deductible temporary differences of the purchased party are expected to be realized on the purchase date, the relevant deferred income tax assets will be recognized, and the goodwill will be reduced at the same time. If the goodwill is insufficient to offset, the difference will be recognized as current profit and loss; except for the above circumstances, deferred income tax assets related to the business combination will be recognized and included in the current profit and loss.

For business mergers not under common control that are realized in stages through multiple transactions, whether the multiple transactions belong to a "package transaction" shall be determined according to the Accounting Standards for Business Enterprises. If the terms, conditions and economic impact of multiple transactions meet one or more of the following circumstances, it usually indicates that multiple transactions should be accounted for as a package deal: (1) These transactions are entered into at the same time or with consideration of each other's influence; (2) These transactions can achieve a complete business result as a whole; (3) The occurrence of a transaction depends on the occurrence of at least one other transaction; (4) A transaction is uneconomical when viewed alone, but it is economical when considered together with other transactions.

If it is a "package transaction", each transaction will be accounted for as a transaction that obtains control. If it does not belong to a "package transaction", in the consolidated financial statements, the equity of the purchased party held before the acquisition date will be remeasured according to the fair value of the equity on the acquisition date, and the difference between the fair value and its book value will be included in the current investment income or retained earnings; The equity of the purchased party already held before the acquisition date involves other comprehensive income and other changes in owner's equity calculated under the equity method, which are converted into current income on the acquisition date, except for other comprehensive income arising from the investee's remeasurement of the net liabilities or changes in net assets of the defined benefit plan.

3. Treatment of transaction costs in business mergers

Intermediary fees such as auditing, legal services, evaluation and consulting, and other related management fees incurred for business mergers are included in the current profit and loss when incurred. The transaction costs of equity securities or debt securities issued as consideration for the merger shall be included in the initial recognition amount of the equity securities or debt securities.

7. Judgment standards for control and preparation methods of consolidated financial statements

8. Judgment criteria and consolidation scope of control

The scope of consolidation of consolidated financial statements is determined based on control. Control means that the company has power over the investee, enjoys variable returns by participating in the investee's relevant activities, and has the ability to use its power over the investee to affect the amount of returns. The scope of consolidation includes the company and all its subsidiaries. Subsidiaries refer to entities controlled by the company (including enterprises, divisible parts of investee units, structured entities, etc.).

2. Preparation method of consolidated statements

The company prepares consolidated statements based on its own and its subsidiaries' financial statements and other relevant information. The company prepares consolidated financial statements, treating the entire enterprise group as an accounting entity, and reflecting the company's overall financial status, operating results and cash flows in accordance with the recognition, measurement and presentation requirements of relevant accounting standards for enterprises and in accordance with unified accounting policies.

When consolidating financial statements, the impact of internal transactions and transactions between the company and its subsidiaries and between subsidiaries on the consolidated balance sheet, consolidated income statement, consolidated cash flow statement, and consolidated statement of changes in owners' equity are eliminated.

Subsidiaries and businesses that are added due to business combinations under the same control during the reporting period are deemed to be included in the company's consolidation scope from the date they are both controlled by the ultimate controlling party, and their operating results and cash flows from the date they are both controlled by the ultimate controlling party are included in the consolidated income statement and consolidated cash flow statement respectively. During the reporting period, the opening balance of the consolidated balance sheet is adjusted at the same time, and the relevant items of the comparative statement are adjusted at the same time. It is deemed that the consolidated statement entity has existed since the time when the ultimate controlling party began to control.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

If a subsidiary is added during the current period due to a business combination not under common control, the opening balance of the consolidated balance sheet will not be adjusted; its financial statements will be adjusted based on the fair value of the identifiable net assets on the acquisition date. The subsidiary's income, expenses and profits from the date of purchase to the end of the period are included in the consolidated income statement; the cash flow of the subsidiary from the date of purchase to the end of the period is included in the consolidated cash flow statement.

The equity, profit and loss and current comprehensive income attributable to minority shareholders of subsidiaries are presented separately under the owner's equity item in the consolidated balance sheet, and the net profit item and total comprehensive income in the consolidated income statement. If the current losses shared by the minority shareholders of a subsidiary exceed the minority shareholders' share of the opening owner's equity of the subsidiary, the balance is offset against the minority shareholders' equity.

3. Purchase minority shareholders’ equity and partially dispose of subsidiary equity without losing control

The difference between the cost of the long-term equity investment newly acquired by the company due to the purchase of minority shares and the share of the subsidiary's net assets calculated continuously from the date of purchase or merger based on the new shareholding ratio, as well as the difference between the cost of the partial disposal of the equity investment in the subsidiary without losing control The difference between the disposal price obtained and the share of net assets of the subsidiary corresponding to the disposal of the long-term equity investment, calculated continuously from the date of purchase or merger, shall be adjusted to the equity premium in the capital reserve in the consolidated balance sheet. If the equity premium in the capital reserve is insufficient to offset, the retained earnings shall be adjusted.

4. Disposal of subsidiary equity when control is lost

When the company disposes of a subsidiary in the current period, the subsidiary's income, expenses and profits from the beginning of the period to the date of disposal will be included in the consolidated income statement; the cash flow of the subsidiary from the beginning of the period to the date of disposal will be included in the consolidated cash flow statement. When the company loses control over an original subsidiary due to the disposal of part of its equity investment or other reasons, the company will remeasure the remaining equity investment after the disposal according to its fair value on the date when control is lost. The sum of the consideration obtained for disposing of the equity and the fair value of the remaining equity, minus the sum of the share of the original subsidiary's net assets calculated continuously from the date of purchase and goodwill calculated based on the original shareholding ratio, shall be included in the investment income in the current period when control is lost. Other comprehensive income related to the equity investment in the original subsidiary shall be accounted for on the same basis as the acquiree's direct disposal of relevant assets and liabilities when control is lost (that is, except for the changes caused by the remeasurement of net liabilities or net assets outside the defined benefit plan in the original subsidiary, the rest will be transferred to the investment income of the current period). Thereafter, the remaining equity will be subsequently measured in accordance with relevant provisions such as "Accounting Standards for Business Enterprises No. 2 - Long-term Equity Investment" or "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments". For details, please refer to V. Important Accounting Policies and Accounting Estimates (17) "Long-term Equity Investment" or V. Important Accounting Policies and Accounting Estimates (10) "Financial Instruments".

5. Step-by-step disposal of equity investments in subsidiaries until loss of control

If the company disposes of its equity investment in a subsidiary step by step through multiple transactions until it loses control, it needs to distinguish whether each transaction in which it disposes its equity investment in the subsidiary until it loses control is a package deal.

If the various transactions involving the disposal of equity investments in a subsidiary until the loss of control belong to a package transaction, each transaction will be accounted for as a transaction in which the subsidiary is disposed of and control is lost; however, the difference between the price of each disposal and the share of the net assets of the subsidiary corresponding to the disposal investment before the loss of control is recognized as other comprehensive income in the consolidated financial statements, and is transferred to the profit and loss of the current period when control is lost.

If it does not belong to a package deal, each transaction will be accounted for according to the applicable principles of "partial disposal of long-term equity investment in a subsidiary without losing control" and "loss of control of the original subsidiary due to disposal of part of the equity investment or other reasons" (see the previous paragraph for details). That is, the difference between the price of each disposal before the loss of control and the share of the book value of the net assets of the subsidiary that has been continuously calculated from the date of purchase corresponding to the disposal investment is included in the capital reserve (equity premium) as an equity transaction. When control is lost, profits and losses for the period in which control is lost shall not be transferred.

8. Determination standards for cash and cash equivalents

When preparing the cash flow statement, the company's cash on hand and deposits that can be used for payment at any time are recognized as cash. Cash equivalents refer to investments held by an enterprise that have a short term (generally due within 3 months from the date of purchase), are highly liquid, are easily convertible into known amounts of cash, and have little risk of value changes.

9. Foreign currency business and foreign currency statement conversion

10. Foreign currency transaction business

For foreign currency business that occurs, the spot exchange rate on the day when the transaction occurs (usually refers to the middle price of the foreign exchange quotation announced by the People's Bank of China on that day, the same below) is used to convert it into the accounting standard currency for accounting. However, the company's foreign currency exchange business or transactions involving foreign currency exchange shall be converted into the amount in the recording currency according to the actual exchange rate. 2. Conversion method of foreign currency monetary items and non-monetary items

On the balance sheet date, foreign currency monetary items are translated at the spot exchange rate on the balance sheet date. The resulting exchange differences, except: (1) The exchange differences arising from special foreign currency borrowings related to the acquisition and construction of assets that meet the capitalization conditions are treated in accordance with the principle of capitalization of borrowing costs; (2) They are used for effective hedging of net investments in overseas operations.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The exchange difference of the hedging instrument (the difference is included in other comprehensive income and is not recognized as current profit or loss until the net investment is disposed of); and (3) the exchange differences arising from changes in the book balance of foreign currency monetary items measured at fair value and whose changes are included in other comprehensive income, except amortized cost, are included in other comprehensive income, are included in the current profit and loss.

Foreign currency non-monetary items measured at historical cost are still measured using the amount in the recording currency converted at the spot exchange rate on the date of the transaction. Foreign currency non-monetary items measured at fair value are converted using the spot exchange rate on the date when the fair value is determined. The difference between the converted accounting functional currency amount and the original accounting functional currency amount is included in the current profit and loss or other comprehensive income.

10. Financial instruments

A financial instrument is a contract that creates a financial asset for one party and a financial liability or equity instrument for another party. Financial instruments include financial assets, financial liabilities and equity instruments.

1． Classification, recognition basis and measurement method of financial instruments

(1) Recognition and initial measurement of financial assets and financial liabilities

When the company becomes a party to a financial instrument contract, it recognizes a financial asset or financial liability. For purchases of financial assets in conventional ways, the Company recognizes the assets to be received and the liabilities to be assumed on the transaction date.

Financial assets and financial liabilities are measured at fair value upon initial recognition. For financial assets and financial liabilities measured at fair value and whose changes are included in the current profit and loss, the relevant transaction costs are directly included in the current profit and loss. For other types of financial assets and financial liabilities, the relevant transaction costs are included in the initial recognition amount. Accounts receivable that do not have significant financing components upon initial recognition shall be initially measured based on the transaction price determined by the revenue recognition method described in V. Important Accounting Policies and Accounting Estimates (27).

(2) Classification and subsequent measurement of financial assets

The Company classifies financial assets based on the business model of managing financial assets and the contractual cash flow characteristics of financial assets into financial assets measured at amortized cost, financial assets measured at fair value with changes included in other comprehensive income, and financial assets measured at fair value with changes included in current profits and losses.

1. Financial assets measured at amortized cost

Financial assets measured at amortized cost refer to financial assets that meet the following conditions at the same time: ① The company's business model for managing the financial assets is to collect contractual cash flows as the goal; ② The contractual terms of the financial assets stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the outstanding principal amount.

After initial recognition, this type of financial assets is measured at amortized cost using the effective interest method. The gains or losses generated are included in the current profits and losses when the recognition is terminated, amortized according to the effective interest method, or impairment is recognized.

The amortized cost of a financial asset shall be determined based on the initial recognition amount of the financial asset after the following adjustments: ① deduct the repaid principal; ② plus or minus the cumulative amortization amount formed by amortizing the difference between the initial recognition amount and the maturity amount using the effective interest method; ③ deduct the accumulated loss provisions.

The effective interest rate method refers to the method of calculating the amortized cost of financial assets or financial liabilities and allocating interest income or interest expenses into each accounting period. The actual interest rate refers to the interest rate used to discount the estimated future cash flows of a financial asset or financial liability during the expected duration of the financial asset or the amortized cost of the financial liability. When determining the actual interest rate, the company estimates expected cash flows based on all contractual terms of financial assets or financial liabilities (such as early repayment, extension, call options or other similar options, etc.), but does not consider expected credit losses.

The Company calculates and determines interest income based on the book balance of financial assets multiplied by the actual interest rate, except for the following circumstances: ① For purchased or originated financial assets that have suffered credit impairment, from the initial recognition, the interest income is calculated and determined based on the amortized cost of the financial asset and the credit-adjusted actual interest rate. ②For purchased or originated financial assets that have not incurred credit impairment but become credit-impaired in subsequent periods, the interest income is calculated and determined based on the amortized cost of the financial asset and the actual interest rate. If the financial instrument no longer has credit impairment due to its credit risk improvement in the subsequent period, and this improvement can be objectively linked to an event that occurs after the above provisions are applied, the interest income should be calculated and determined based on the actual interest rate multiplied by the book balance of the financial asset.

2. Financial assets measured at fair value and changes included in other comprehensive income

Financial assets measured at fair value and whose changes are included in other comprehensive income refer to financial assets that meet the following conditions at the same time: ① The company's business model for managing the financial assets aims at both collecting contractual cash flows and selling the financial assets. ②The contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the outstanding principal amount.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

This type of financial assets is subsequently measured at fair value after initial recognition. Interest, impairment losses or gains and exchange gains and losses calculated using the effective interest rate method are included in the current profit and loss, and other gains or losses are included in other comprehensive income. When derecognition is terminated, the accumulated gains or losses previously included in other comprehensive income will be transferred out of other comprehensive income and included in the current profit and loss.

For investments in non-trading equity instruments, the Company may irrevocably designate them as financial assets at fair value through other comprehensive income upon initial recognition. This designation is made on the basis of a single investment in non-trading equity instruments, and the relevant investment meets the definition of an equity instrument from the perspective of the instrument issuer. After the initial designation of such investments, in addition to the dividends received (except for the recovery part of investment costs), which are included in the current profits and losses, other related gains or losses (including exchange gains and losses) are included in other comprehensive income. Upon derecognition, the accumulated gains or losses previously included in other comprehensive income will be transferred out of other comprehensive income and included in retained earnings.

3. Financial assets measured at fair value and changes included in current profits and losses

Except for the situations 1) and 2) above, the Company classifies all remaining financial assets as financial assets measured at fair value and whose changes are included in current profits and losses. At initial recognition, a financial asset can be irrevocably designated as a financial asset at fair value through profit or loss if the accounting mismatch can be eliminated or significantly reduced. If the contingent consideration recognized by the Company in a business combination not under common control constitutes a financial asset, the financial asset is classified as a financial asset measured at fair value with changes included in current profits and losses.

Such financial assets are subsequently measured at fair value after initial recognition, and the resulting gains or losses are included in the current profits and losses.

(3) Classification and subsequent measurement of financial liabilities

The Company classifies financial liabilities into financial liabilities measured at fair value with changes included in current profits and losses, financial liabilities arising from the transfer of financial assets that do not meet the conditions for derecognition or continued involvement in the transferred financial assets, financial guarantee contracts and financial liabilities measured at amortized cost.

1. Financial liabilities measured at fair value and changes included in current profits and losses

Financial liabilities measured at fair value through profit or loss for the current period include trading financial liabilities (including derivatives that are financial liabilities) and financial liabilities designated as measured at fair value through profit or loss for the current period. In a business combination not under common control, if the contingent consideration recognized by the company as the purchaser forms a financial liability, the financial liability shall be accounted for at fair value with changes included in current profits and losses.

Financial liabilities measured at fair value through profit or loss for the current period are subsequently measured at fair value after initial recognition, and the resulting gains or losses are included in profit or loss for the current period.

The amount of changes in the fair value of financial liabilities designated as at fair value through profit or loss due to changes in the company's own credit risk is included in other comprehensive income, unless such treatment would cause or expand accounting mismatches in profit or loss. Other changes in the fair value of this financial liability are included in the current profit and loss. Upon derecognition, the accumulated gains or losses previously included in other comprehensive income will be transferred out of other comprehensive income and included in retained earnings.

2. The transfer of financial assets does not meet the conditions for derecognition or the financial liabilities formed by continuing to be involved in the transferred financial assets

This type of financial liabilities is measured in accordance with the method described in "Recognition basis and measurement method of financial asset transfer" in V. Important Accounting Policies and Accounting Estimates (10) 2.

3. Financial guarantee contract

A financial guarantee contract refers to a contract that requires the company to pay a specific amount of compensation to the contract holder who has suffered a loss when a specific debtor is unable to repay the debt in accordance with the terms of the original or modified debt instrument when due.

Financial guarantee contracts that do not fall into the above 1) or 2) situations will be subsequently measured according to the higher of the following two amounts after initial recognition: ① The amount of loss reserve determined in accordance with 5. Important accounting policies and accounting estimates 10 (5) "Impairment of financial instruments"; 2. The balance of the initial recognition amount after deducting the accumulated amortization amount determined in accordance with the revenue recognition method described in 5. Important accounting policies and accounting estimates (28).

4. Financial liabilities measured at amortized cost

Except for the above situations 1), 2) and 3), the Company classifies all remaining financial liabilities as financial liabilities measured at amortized cost.

After initial recognition, such financial liabilities are measured at amortized cost using the effective interest method, and the resulting gains or losses are included in the current profits and losses when they are derecognized or amortized according to the effective interest method.

(4) Equity instruments

Equity instruments are contracts that evidence ownership of a residual interest in the company's assets after deducting all liabilities. The company's issuance (including refinancing), repurchase, sale or cancellation of equity instruments is treated as a change in equity. Transaction costs associated with equity transactions are deducted from equity. The company's various distributions to equity instrument holders (excluding stock dividends) reduce shareholders' equity. The company does not recognize changes in fair value of equity instruments.

2. Recognition basis and measurement method of financial asset transfer

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The transfer of financial assets means that the company transfers or delivers the financial assets (or its cash flows) to another party other than the issuer of the financial assets. The derecognition of financial assets means that the company transfers the previously recognized financial assets out of its balance sheet.

The Company derecognizes a financial asset that meets one of the following conditions: (1) The contractual right to receive cash flows from the financial asset terminates; (2) The financial asset has been transferred, and almost all risks and rewards of ownership of the financial asset are transferred to the transferee; (3) The financial asset has been transferred, and although the Company neither transfers nor retains almost all risks and rewards of ownership of the financial asset, it has given up control of the financial asset.

If the company neither transfers nor retains substantially all risks and rewards of ownership of a financial asset, and retains control over the financial asset, it will continue to recognize the relevant financial assets to the extent of its continued involvement in the transferred financial assets, and recognize the relevant liabilities accordingly. The degree of continued involvement in the transferred financial assets refers to the level of risk faced by the enterprise due to changes in the value of the financial assets.

If the overall transfer of a financial asset meets the conditions for derecognition, the difference between the following two amounts will be included in the current profit and loss: (1) The book value of the transferred financial asset on the date of derecognition; (2) The sum of the consideration received for the transfer of the financial asset and the corresponding derecognition portion of the cumulative amount of changes in fair value originally directly included in other comprehensive income. If a partial transfer of a financial asset meets the conditions for derecognition, the overall book value of the transferred financial asset will be apportioned between the derecognized part and the non-derecognized part according to their respective relative fair values, and the difference between the following two amounts shall be included in the current profit and loss: (1) The book value of the derecognized part on the derecognition date; (2) The sum of the consideration received for the derecognized part and the amount corresponding to the derecognized part in the cumulative amount of fair value changes originally directly included in other comprehensive income. For non-trading equity instruments designated by the Company as measured at fair value and whose changes are included in other comprehensive income, if the transfer in whole or in part meets the conditions for derecognition, the difference calculated according to the above method shall be included in retained earnings.

3. Conditions for derecognition of financial liabilities

If the current obligation of a financial liability (or part thereof) has been discharged, the Company shall terminate the recognition of the financial liability (or part thereof). If the company (borrower) and the lender sign an agreement to replace the original financial liability by assuming a new financial liability, and the contract terms of the new financial liability are substantially different from the original financial liability, the original financial liability will be terminated and a new financial liability will be recognized at the same time. If the company makes substantial modifications to the contract terms of the original financial liability (or part thereof), it will terminate the recognition of the original financial liability and recognize a new financial liability in accordance with the modified terms.

If a financial liability (or part thereof) is derecognised, the company will include the difference between its book value and the consideration paid (including non-cash assets transferred out or liabilities assumed) into the current profit and loss. If the company repurchases part of a financial liability, the overall book value of the financial liability will be allocated based on the proportion of the fair value of the continued recognition part and the derecognition part on the repurchase date to the overall fair value on the repurchase date. The difference between the book value allocated to the derecognized part and the consideration paid (including non-cash assets transferred out or liabilities assumed) is included in the current profit and loss.

4. Determination of fair value of financial instruments

For the method of determining the fair value of financial assets and financial liabilities, see V. Important Accounting Policies and Accounting Estimates (11).

5. Impairment of financial instruments

Based on expected credit losses, the Company carries out impairment treatment and recognizes loss provisions for financial assets measured at amortized cost, lease receivables and financial guarantee contracts described in "Classification and subsequent measurement of financial liabilities" in V. Important Accounting Policies and Accounting Estimates (10) 1 (3) 3). Expected credit losses refer to the weighted average of the credit losses of financial instruments with the risk of default as the weight. Credit loss refers to the difference between all contractual cash flows receivable under the contract and all cash flows expected to be received by the company, discounted at the original actual interest rate, that is, the present value of all cash shortfalls.

For purchased or originated financial assets that have suffered credit impairment, the company will only recognize the cumulative change in expected credit losses during the entire duration since initial recognition as loss provisions on the balance sheet date.

For receivables or contract assets formed by transactions regulated by "Accounting Standards for Business Enterprises No. 14 - Revenue" and lease receivables regulated by "Accounting Standards for Business Enterprises No. 21 - Lease", the company uses simplified measurement methods to measure loss provisions based on an amount equivalent to the expected credit losses during the entire duration.

For financial instruments other than the above measurement methods, the Company measures loss provisions in accordance with the general method and assesses on each balance sheet date whether its credit risk has increased significantly since initial recognition. If the credit risk has not increased significantly since the initial recognition, it is in the first stage, and the company measures the loss provision according to the amount of expected credit losses of the financial instrument in the next 12 months; if the credit risk has increased significantly since the initial recognition but no credit impairment has occurred, it is in the second stage, the company measures the loss provision according to the amount of expected credit losses during the entire duration; if the financial asset has suffered credit impairment since the initial recognition, it is in the third stage, the company measures the loss provision according to the amount of expected credit losses during the entire duration.

Lifetime expected credit losses refer to the expected credit losses caused by all possible default events that may occur during the entire expected life of a financial instrument. Expected credit losses within the next 12 months refer to the expected credit losses caused by default events on financial instruments that may occur within 12 months after the balance sheet date (if the expected duration of the financial instrument is less than 12 months, the expected duration), and are part of the expected credit losses throughout the duration.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The Company considers all reasonable and evidence-based information, including forward-looking information, and determines the relative change in the default risk of the financial instrument during its expected duration by comparing the risk of default of the financial instrument on the balance sheet date with the risk of default on the initial recognition date to assess whether the credit risk of the financial instrument has increased significantly since initial recognition. For financial instruments for which sufficient evidence of a significant increase in credit risk cannot be obtained at a reasonable cost at the individual instrument level, the Company will consider assessing whether the credit risk has significantly increased on a portfolio basis. If the Company determines that a financial instrument has only low credit risk on the balance sheet date, it is assumed that the credit risk of the financial instrument has not increased significantly since initial recognition.

The company remeasures expected credit losses on each balance sheet date, and the resulting increase or reversal of loss provisions is included in the current profit and loss as impairment losses or gains. For financial assets measured at amortized cost, the loss provision is deducted from the book value of the financial asset listed in the balance sheet; for debt instrument investments measured at fair value with changes included in other comprehensive income, the company recognizes its loss provision in other comprehensive income and does not deduct the book value of the financial asset listed in the balance sheet.

6. Offset of financial assets and financial liabilities

When the company has the legal right to offset the recognized financial assets and financial liabilities, and the legal right is currently enforceable, and the company plans to settle on a net basis or realize the financial assets and pay off the financial liabilities at the same time, the financial assets and financial liabilities will be listed in the balance sheet at the amount after offsetting each other. Otherwise, financial assets and financial liabilities are presented separately in the balance sheet and are not offset against each other.

11. Fair value

Fair value refers to the price that can be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company measures relevant assets or liabilities at fair value and assumes that an orderly transaction to sell assets or transfer liabilities is conducted in the main market for the relevant assets or liabilities; if there is no main market, the Company assumes that the transaction is conducted in the most favorable market for the relevant assets or liabilities. The main market (or the most advantageous market) is the trading market that the company can enter on the measurement date.

The Company adopts valuation techniques that are applicable under the current circumstances and supported by sufficient available data and other information, consider the ability of market participants to use the asset for its best purpose to generate economic benefits, or the ability to sell the asset to other market participants that can be used for the best purpose to generate economic benefits. Priority is given to the use of relevant observable input values, and unobservable input values ​​are used only when observable input values ​​cannot be obtained or are impractical to obtain.

For assets and liabilities measured or disclosed at fair value in financial statements, the fair value level to which they belong is determined based on the lowest level input value that is significant to the overall fair value measurement: the first level input value is the unadjusted quoted price in the active market for the same assets or liabilities that can be obtained on the measurement date; the second level input value is the directly or indirectly observable input value of the relevant assets or liabilities in addition to the first level input value, including: similar assets or liabilities in the active market Quotations for bonds; quotations for identical or similar assets or liabilities in inactive markets; other observable input values other than quotations, such as benefits and yield curves that are observable during normal quotation intervals; third-level input values are unobservable input values for related assets or liabilities, including interest rates that cannot be directly observed or verified by observable market data, stock volatility, future cash flows of abandonment obligations assumed in business mergers, financial forecasts made using own data, etc. At each balance sheet date, the Company reassesses the assets and liabilities recognized in the financial statements that continue to be measured at fair value to determine whether there is a transition between fair value measurement levels.

12. Notes receivable

1． Determination method and accounting treatment method of expected credit loss of notes receivable

The Company determines the expected credit losses of notes receivable and performs accounting treatments in accordance with the simplified measurement method described in "Impairment of Financial Instruments" in 5. Important Accounting Policies and Accounting Estimates - Financial Instruments (10) 5. On the balance sheet date, credit losses on notes receivable are measured based on the present value of the difference between the contractual cash flows to be collected and the cash flows expected to be collected. The Company conducts separate impairment tests on notes receivable with significantly different credit risk characteristics and estimates expected credit losses; the remaining notes receivable are divided into several combinations based on credit risk characteristics, and the expected credit losses are estimated on a combination basis with reference to historical credit loss experience, current conditions, and forward-looking information.

2. Combination categories and determination basis for bad debt provisions based on combinations of credit risk characteristics

Combination name Basis for determining the combination

Bank Acceptance Bill Portfolio The acceptor is a bank with higher credit risk (banks with a rating below A)

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Commercial Acceptance Bill Portfolio The acceptor is an enterprise with high credit risk

3. Account aging calculation method based on aging confirmation credit risk characteristic combination

The company counts and calculates the aging of accounts receivable in accordance with the principle of first incurred, first collected. The aging of notes receivable is calculated based on the aging of the corresponding accounts receivable.

4. Judgment criteria for individual provision of bad debt provisions based on individual provision

The Company conducts separate impairment tests on notes receivable with significantly different credit risk characteristics, such as the debtor's credit status has significantly deteriorated, the possibility of future payment is low, and credit impairment has occurred.

13. Accounts receivable

1． Determination method and accounting treatment method of expected credit loss of accounts receivable

The Company determines the expected credit losses of accounts receivable and performs accounting treatments in accordance with the simplified measurement method described in "Impairment of Financial Instruments" in 5. Important Accounting Policies and Accounting Estimates 10(5). On the balance sheet date, credit losses on accounts receivable are measured based on the present value of the difference between the contractual cash flows to be collected and the cash flows expected to be collected. The Company conducts separate impairment tests on accounts receivable with significantly different credit risk characteristics and estimates expected credit losses; the remaining accounts receivable are divided into several combinations based on credit risk characteristics, and the expected credit losses are estimated on a combination basis with reference to historical credit loss experience, current conditions, and forward-looking information.

2. Combination categories and determination basis for bad debt provisions based on combinations of credit risk characteristics

Combination name Basis for determining the combination

Aging portfolio Accounts receivable with similar credit risk characteristics classified by aging

Related party combinations within the scope of consolidation Accounts receivable between entities within the scope of consolidated statements

3. Account aging calculation method based on aging confirmation credit risk characteristic combination

The company counts and calculates the aging of accounts receivable on a first-come-first-served basis.

4. Judgment criteria for single provision based on the determination of individual provision for bad debts

The Company conducts separate impairment tests on accounts receivable with significantly different credit risk characteristics, such as the debtor's credit status has significantly deteriorated, the possibility of future payment is low, and credit impairment has occurred.

14. Accounts receivable financing

1． Determination method and accounting treatment method of expected credit loss of accounts receivable financing

The Company determines the expected credit losses of receivables financing and performs accounting treatment according to the general method described in "Impairment of Financial Instruments" in 5. Important Accounting Policies and Accounting Estimates 10(5). On the balance sheet date, credit losses on receivables financing are measured based on the present value of the difference between the contractual cash flows to be collected and the cash flows expected to be collected. The Company conducts separate impairment tests on receivable financing with significantly different credit risk characteristics and estimates expected credit losses; the remaining receivable financing is divided into several combinations based on credit risk characteristics, and estimates expected credit losses on a combination basis with reference to historical credit loss experience, current conditions, and forward-looking information.

2. Combination categories and determination basis for bad debt provisions based on combinations of credit risk characteristics

Combination name Basis for determining the combination

Bank acceptance bill portfolio The acceptor is a bank with low credit risk (a bank rated A (including A) or above)

3. Judgment criteria for individual provision of bad debt provisions based on individual provision

The Company conducts separate impairment tests on receivables with significantly different credit risk characteristics such as debtors whose credit conditions have significantly deteriorated, who are less likely to be repaid in the future, and who have experienced credit impairment.

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15. Other receivables

Determination method and accounting treatment method of expected credit losses of other receivables

1． Determination method and accounting treatment method of expected credit losses of other receivables

The Company determines the expected credit losses of other receivables and performs accounting treatments in accordance with the general method described in "Impairment of Financial Instruments" in 5. Important Accounting Policies and Accounting Estimates 10(5). On the balance sheet date, the credit losses of other receivables are measured based on the present value of the difference between the contractual cash flows to be collected and the cash flows expected to be collected. The Company conducts separate impairment tests on other receivables with significantly different credit risk characteristics and estimates expected credit losses; the remaining other receivables are divided into several combinations based on credit risk characteristics, and the expected credit losses are estimated on a combination basis with reference to historical credit loss experience, current conditions, and forward-looking information.

2. Combination categories and determination basis for bad debt provisions based on combinations of credit risk characteristics

Combination name Basis for determining the combination

Aging portfolio Other receivables with similar credit risk characteristics classified by aging

Special combinations of lease deposits, security deposits, and other receivables in the nature of reserve funds have similar risk characteristics

Related party combinations within the scope of consolidation Other receivables between entities within the scope of consolidated statements

3. Account aging calculation method based on aging confirmation credit risk characteristic combination

The company counts and calculates the aging of other receivables on a first-come-first-served basis.

4. Judgment criteria for individual provision of bad debt provisions based on individual provision

The Company conducts separate impairment tests on other receivables with significantly different credit risk characteristics such as the debtor's credit status has significantly deteriorated, the possibility of future payment is low, and credit impairment has occurred.

16. Inventory

1． Inventory categories, issue valuation methods, inventory systems, and amortization methods for low-value consumables and packaging materials

(1) Inventories include finished products or commodities held for sale in daily activities, products in progress in the production process, materials and supplies consumed in the production process or in the process of providing services, materials in transit and materials for entrusted processing, etc.

(2) The inventory obtained by the enterprise is measured at actual cost. 1) The cost of outsourced inventory is the purchase cost of the inventory. The cost of inventory obtained through further processing consists of purchase cost and processing cost. 2) Debt restructuring obtains inventory from the debtor to offset debts, and its entry value is determined based on the fair value of the relinquished claims and the relevant taxes and fees directly attributable to the inventory that were incurred to bring the inventory to its current location and state. 3) Under the premise that the exchange of non-monetary assets has commercial substance and the fair value of the assets exchanged or the assets exchanged can be reliably measured, the inventory exchanged in the exchange of non-monetary assets is usually determined based on the fair value of the assets exchanged, unless there is conclusive evidence that the fair value of the assets exchanged is more reliable; for non-monetary asset exchanges that do not meet the above premise, the book value of the assets exchanged and the relevant taxes payable shall be used as the cost of the inventory exchanged. 4) The entry value of inventories obtained through the merger of enterprises under the same control shall be determined based on the book value of the merged party; the entry value of inventories obtained through the merger of enterprises under the same control shall be determined based on the fair value.

(3) The cost measurement of inventory issued by an enterprise adopts the first-in, first-out method.

(4) Amortization method for low-value consumables and packaging materials

Low-value consumables are amortized according to the one-time write-off method.

Packaging materials are amortized according to the one-time write-off method.

(5) The inventory inventory system is a perpetual inventory system.

2. Provision for inventory decline

(1) Recognition standards and accrual methods of inventory depreciation provisions

On the balance sheet date, inventories are measured at the lower of cost and net realizable value. The net realizable value of inventory is the estimated selling price of the inventory minus the estimated costs to be incurred upon completion, estimated selling expenses and related taxes. When determining the net realizable value of inventory, it is based on the conclusive evidence obtained and the purpose of holding the inventory and the impact of events after the balance sheet date. Unless there is clear evidence that the market price on the balance sheet date is abnormal, the net realizable value of the inventory items at the end of the period is determined based on the market price on the balance sheet date, including:

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

1. For commodity inventories that are directly for sale, such as finished products, commodities and materials for sale, the net realizable value is determined by the estimated selling price of the inventory minus the estimated sales expenses and related taxes during the normal production and operation process;

2. For inventory of materials that need to be processed, the net realizable value is determined by the estimated selling price of the finished products in the normal production and operation process minus the estimated costs to be incurred upon completion, estimated sales expenses and related taxes. On the balance sheet date, if part of the same inventory has a contract price and other parts do not have a contract price, the net realizable value is determined separately and compared with its corresponding cost to determine the amount of provision or reversal of inventory depreciation provisions.

At the end of the period, inventory depreciation provisions are accrued based on individual inventory items; however, for inventories with large quantities and low unit prices, inventory depreciation provisions are made according to inventory categories; inventory depreciation provisions are made on a consolidated basis for inventories that are related to product series produced and sold in the same region, have the same or similar end use or purpose, and are difficult to measure separately from other items.

After the provision for inventory depreciation is made, if the factors that previously caused the inventory value to be written down have disappeared, causing the net realizable value of the inventory to be higher than its book value, the amount of the inventory depreciation provision that was originally accrued will be reversed, and the amount reversed will be included in the current profit and loss.

17. Long-term equity investment

The long-term equity investment referred to in this section refers to the long-term equity investment in which the company has control, joint control or significant influence on the invested unit, including equity investment in subsidiaries, joint ventures and associated enterprises.

1． Criteria for Judgment of Joint Control and Significant Influence

Joint control refers to the shared control over an arrangement in accordance with relevant agreements, and the relevant activities of the arrangement must be decided only with the unanimous consent of the parties sharing control rights. If the company and other joint venture parties jointly control the invested unit and have rights to the net assets of the invested unit, the invested unit is a joint venture of the company. When determining whether joint control exists, the protective rights enjoyed are not taken into account.

Significant influence refers to having the power to participate in the financial and operating decisions of an enterprise, but not being able to control or jointly control the formulation of these policies with other parties. If the company can exert significant influence on the invested unit, the invested unit shall be an associate of the company. When determining whether it can exert significant influence on the invested unit, the investor's direct or indirect holding of voting shares of the invested unit and the impact of the current executable potential voting rights held by the investor and other parties are assumed to be converted into equity in the invested unit, including the impact of current convertible warrants, share options and convertible corporate bonds issued by the invested unit.

2. Determination of initial investment cost of long-term equity investment

(1) Formed by a merger under the same control, if the merging party pays cash, transfers non-cash assets, assumes debts or issues equity securities as the merger consideration, the share of the book value of the owner's equity of the merged party in the final controlling party's consolidated financial statements on the merger date shall be regarded as its initial investment cost. The difference between the initial investment cost of long-term equity investment and the cash paid, non-cash assets transferred, the book value of debts assumed or the total face value of shares issued is adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings are adjusted. If the equity of the merged party under the same control is acquired step by step through multiple transactions, and the merger of enterprises under the same control is finally formed, it shall be treated separately according to whether it belongs to a "package transaction": if it belongs to a "package transaction", each transaction will be accounted for as a transaction to obtain control; if it does not belong to a "package transaction", the shares of the merged party shall be entitled to on the merger date. The share of the book value of Dong's equity in the consolidated financial statements of the ultimate controlling party is regarded as the initial investment cost of the long-term equity investment. The difference between the initial investment cost of the long-term equity investment and the book value of the long-term equity investment before the merger plus the book value of the new consideration paid for further shares acquired on the merger date is adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings are adjusted. Other comprehensive income recognized for equity investments held before the merger date due to accounting using the equity method or investments in other equity instruments will not be subject to accounting treatment for the time being.

(2) If it is formed through a merger of enterprises not under the same control, the company shall use the merger cost determined on the purchase date as the initial investment cost of the long-term equity investment. The merger cost is the fair value of the assets paid, liabilities incurred or assumed, and equity securities issued by the purchaser on the purchase date to obtain control of the purchased party. The intermediary fees such as auditing, legal services, evaluation consulting and other related management fees incurred by the buyer for the business merger are included in the current profit and loss when incurred; the transaction costs of equity securities or debt securities issued by the buyer as consideration for the merger are included in the initial recognition amount of the equity securities or debt securities. The company regards the contingent consideration agreed in the merger agreement as part of the transfer consideration for the business merger, and includes it in the cost of the business merger according to its fair value on the purchase date. For business mergers not under common control that are realized in stages through multiple transactions, whether the multiple transactions belong to a "package transaction" shall be determined according to the Accounting Standards for Business Enterprises. If it is a "package transaction", each transaction will be accounted for as a transaction that obtains control. If it is not a "package transaction", the sum of the book value of the equity investment originally held in the purchased party plus the new investment cost will be used as the initial investment cost of the long-term equity investment that is calculated according to the cost method; if the equity originally held is accounted for using the equity method, the relevant other comprehensive income will not be accounted for temporarily; if the equity investment originally held is an investment in other equity instruments, the difference between its fair value and book value, as well as the cumulative fair value changes originally included in other comprehensive income, will be directly transferred to retained earnings.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(3) Equity investments other than long-term equity investments formed by business combinations are initially measured at cost: if they are obtained by paying cash, the actual purchase price paid will be used as the initial investment cost; if they are obtained by issuing equity securities, the fair value of the issuance of equity securities will be used as their initial investment cost. On the premise that the exchange has commercial substance and the fair value of the assets exchanged or the assets exchanged can be measured reliably, the initial investment cost of the long-term equity investment exchanged in the exchange of non-monetary assets shall be the fair value of the assets exchanged and the relevant taxes payable, unless there is conclusive evidence that the fair value of the assets exchanged is more reliable; for non-monetary asset exchanges that do not meet the above premises, the book value of the assets exchanged and the relevant taxes payable shall be used as the initial investment cost of the long-term equity investment exchanged. For long-term equity investments obtained through debt restructuring, the initial investment cost is determined based on the fair value of the relinquished claims. Fees, taxes and other necessary expenses directly related to obtaining long-term equity investment are also included in the investment cost.

For additional investments that can exert a significant influence on the investee or implement joint control but do not constitute control, the cost of long-term equity investment is the sum of the fair value of the original equity investment determined in accordance with the "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments" plus the cost of the new investment, as the initial investment cost that is accounted for using the equity method. If the equity investment originally held is classified as other equity instrument investment, the difference between its fair value and book value, as well as the cumulative fair value changes originally included in other comprehensive income, should be directly transferred to retained earnings.

3. Subsequent measurement and profit and loss recognition methods for long-term equity investments

(1) Long-term equity investment accounted for by cost method

The company's long-term equity investments in subsidiaries are accounted for using the cost method. In addition to the actual price paid when acquiring the investment or the cash dividends or profits that have been declared but not yet distributed included in the consideration, the company recognizes the current investment income based on the cash dividends or profits declared and distributed by the investee.

(2) Long-term equity investment accounted for by equity method

Long-term equity investments in associates and joint ventures are accounted for using the equity method.

If the initial investment cost of a long-term equity investment calculated using the equity method is greater than the fair value share of the investee's identifiable net assets at the time of investment, the initial investment cost of the long-term equity investment shall not be adjusted; if the initial investment cost of a long-term equity investment is less than the fair value share of the investee's identifiable net assets at the time of investment, the difference shall be included in the current profit and loss, and the cost of the long-term equity investment shall be adjusted at the same time. After obtaining a long-term equity investment, if the accounting policies and accounting periods adopted by the invested unit are inconsistent with the company's, the financial statements of the invested unit shall be adjusted in accordance with the company's accounting policies and accounting periods, and investment profits and losses and other comprehensive income shall be recognized accordingly. According to the share of the net profit or loss and other comprehensive income realized by the invested unit that should be enjoyed or shared, investment income and other comprehensive income are recognized respectively, and the book value of the long-term equity investment is adjusted at the same time; when confirming the share of the net profit or loss of the invested unit that should be enjoyed, the net profit of the invested unit is adjusted and recognized based on the fair value of the identifiable assets of the invested unit when the investment is obtained. The portion to be enjoyed is calculated based on the profits or cash dividends declared by the investee to be distributed, and the book value of the long-term equity investment is reduced accordingly; for other changes in the owner's equity of the investee other than net profit and loss, other comprehensive income and profit distribution, the book value of the long-term equity investment is adjusted and included in the owner's equity. Unrealized profits and losses from internal transactions between the company and its associates and joint ventures are calculated according to the company's proportion and are offset, and investment income is recognized on this basis. Unrealized internal transaction losses with invested entities that are asset impairment losses shall be recognized in full.

When the company confirms that it should share losses incurred by the invested unit, it shall proceed in the following order: First, offset the book value of the long-term equity investment. Secondly, if the book value of the long-term equity investment is not sufficient to offset it, investment losses will continue to be recognized and the book value of long-term receivable items will be offset to the extent of the book value of other long-term interests that essentially constitute a net investment in the invested unit. After the above processing, if the enterprise still bears additional obligations according to the investment contract or agreement, estimated liabilities will be recognized based on the estimated obligations and included in the current investment losses. If the invested unit realizes net profit in the subsequent period, the company will resume recognizing the income sharing amount after the income makes up for the unrecognized loss sharing amount.

During the period when the investment is held, if the invested unit prepares consolidated financial statements, the accounting shall be based on the amount attributable to the invested unit in the net profit, other comprehensive income and other changes in owner's equity in the consolidated financial statements.

If the assets invested by the Company into joint ventures and associated enterprises constitute a business, and the investor obtains long-term equity investment but does not obtain control, the fair value of the invested business shall be used as the initial investment cost of the new long-term equity investment. The difference between the initial investment cost and the book value of the invested business shall be fully included in the current profit and loss. If the assets sold by the company to a joint venture or associated enterprise constitute a business, the difference between the consideration obtained and the book value of the business shall be fully included in the current profit and loss. If the assets purchased by the company from associates and joint ventures constitute a business, accounting treatment shall be carried out in accordance with the provisions of "Accounting Standards for Business Enterprises No. 20 - Business Merger", and the gains or losses related to the transaction shall be recognized in full.

4. Disposal of long-term equity investments

When a long-term equity investment is disposed of, the difference between its book value and the actual price obtained shall be included in the current profit and loss.

(1) Disposal of long-term equity investments under equity method accounting

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

For long-term equity investments accounted for using the equity method, if the remaining equity after disposal is still accounted for using the equity method, when disposing of the investment, the same basis as the investee's direct disposal of relevant assets or liabilities will be used, and the portion originally included in other comprehensive income will be accounted for in a corresponding proportion. Owner's equity recognized due to changes in other owners' equity of the invested unit other than net profit and loss, other comprehensive income and profit distribution shall be carried forward to the current profit and loss on a proportional basis.

If joint control or significant influence over the invested unit is lost due to the disposal of part of the equity investment or other reasons, the remaining equity after disposal shall be accounted for in accordance with the financial instrument recognition and measurement standards, and the difference between its fair value and book value on the date of loss of joint control or significant influence shall be included in the current profit and loss. Other comprehensive income recognized due to the use of equity method accounting for the original equity investment will be accounted for on the same basis as the investee's direct disposal of relevant assets or liabilities when the equity method accounting is terminated. Owners' equity recognized due to changes in other owners' equity of the investee other than net profit and loss, other comprehensive income and profit distribution will all be transferred to the current profit and loss when the equity method is terminated.

(2) Disposal of long-term equity investments under cost method accounting

For long-term equity investments accounted for using the cost method, if the remaining equity after disposal is still accounted for using the cost method, other comprehensive income recognized due to the use of equity method accounting or financial instrument recognition and measurement standards before obtaining control of the invested unit shall be calculated using the method directly related to the invested unit. It will be treated on the same basis as the related assets or liabilities received and disposed of, and will be carried forward to the current profit and loss in proportion; other changes in the owner's equity other than net profit and loss, other comprehensive income and profit distribution in the net assets of the investee recognized due to the adoption of equity method accounting will be carried forward to the current profit and loss in proportion.

If the company's shareholding ratio decreases due to capital increase by other investors and thus loses control but can exercise joint control or exert significant influence on the investee, the company's share of the investee's net assets increased due to the capital increase and share expansion shall be confirmed based on the new shareholding ratio, and the difference between the original book value of the long-term equity investment corresponding to the decrease in shareholding ratio that should be carried forward shall be included in the current profit and loss; then, according to the new shareholding ratio, it will be deemed to have been adjusted using the equity method since the investment was obtained.

If the company loses control over the original subsidiary due to the disposal of part of the equity investment or other reasons, and the remaining equity after the disposal can jointly control or exert significant influence on the invested unit, it will be accounted for according to the equity method, and the remaining equity will be deemed to have been accounted for using the equity method from the time of acquisition. Other comprehensive income and other ownership of the equity investment held before the acquisition date will be recognized due to the use of the equity method. If the remaining equity after disposal cannot jointly control or exert significant influence on the invested unit, the accounting treatment shall be carried out in accordance with the relevant provisions of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments". The difference between its fair value and book value on the date of loss of control shall be included in the current profit and loss, and all other comprehensive income and other owners' equity shall be carried forward to the current profit and loss.

The company disposes the subsidiary's equity investment step by step through multiple transactions until it loses control. If the above-mentioned transactions are a package deal, each transaction will be accounted for as a transaction in which the subsidiary's equity investment is disposed of and control is lost. Before the loss of control, the difference between the price of each disposal and the book value of the long-term equity investment corresponding to the equity disposed is first recognized as other comprehensive income. When control is lost, it will be transferred to the current profit and loss of the loss of control.

18. Fixed assets

(1) Confirmation conditions

Fixed assets refer to tangible assets that have the following characteristics at the same time: (1) held for the production of goods, provision of labor services, leasing or operation and management; (2) service life of more than one accounting year.

Fixed assets are recognized if they meet the following conditions at the same time: (1) The economic benefits related to the fixed asset are likely to flow into the enterprise; (2) The cost of the fixed asset can be measured reliably. Subsequent expenditures related to fixed assets that meet the above recognition conditions will be included in the cost of fixed assets; if they do not meet the above recognition conditions, they will be included in the current profit and loss when incurred.

(2) Depreciation method

Category Depreciation method Depreciation life Salvage value rate Annual depreciation rate

Houses and buildings Average age method 20 5% 4.75%

Machinery and equipment Average age method 5-15 5% 6.33%-19.00%

Transportation equipment average age method 5 5% 19.00%

Office and other equipment Average age method 3-5 5% 19.00%-31.67%

Optoelectronic equipment Average age method 10 5% 9.50%

Fixed assets are initially measured at cost.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Depreciation begins when a fixed asset reaches its intended usable condition, and depreciation stops when it is derecognized or classified as a non-current asset held for sale. If each component of a fixed asset has a different service life or provides economic benefits to the enterprise in different ways, then different depreciation rates and depreciation methods are selected and depreciation is calculated separately. Description:

1. For fixed asset renovation costs that meet the capitalization conditions, depreciation will be separately accrued using the straight-line method during the shorter of the two renovation periods and the remaining useful life of the fixed asset.

2. For fixed assets that have made provision for impairment, the depreciation rate should also be calculated by deducting the accumulated amount of provision for fixed assets that has been made.

3. The company will review the service life, estimated net residual value and depreciation method of fixed assets at least at the end of the year. If any changes occur, they will be treated as changes in accounting estimates.

(3) Other instructions

1. Fixed assets that are out of service for three consecutive months due to insufficient construction, natural disasters, etc. are recognized as idle fixed assets (except for seasonal outage). Idle fixed assets adopt the same depreciation method as other fixed assets of the same category.

2. If the fixed asset is in a state of disposal, or if no economic benefits are expected to be generated through use or disposal, the recognition will be terminated, and depreciation and impairment will be stopped. 3) The difference between the disposal income from the sale, transfer, scrapping or damage of fixed assets after deducting their book value and relevant taxes is included in the current profit and loss.

3. The major repair costs incurred by the company during regular inspections of fixed assets, and there is conclusive evidence that the part meets the recognition conditions of fixed assets, is included in the cost of fixed assets, and the part that does not meet the conditions for recognition of fixed assets is included in the current profit and loss. Fixed assets will continue to be depreciated during the period between regular major repairs.

19. Projects under construction

1． Projects under construction are recognized when it is probable that economic benefits will flow in and the costs can be measured reliably. Construction in progress is measured based on the actual costs incurred before the asset reaches its intended usable condition.

2. When the project under construction reaches the intended usable state, it will be transferred to fixed assets according to the actual cost of the project. If the asset has reached the intended usable state but has not yet processed completion settlement, the estimated value will first be transferred to fixed assets. After the completion settlement is processed, the original provisional estimated value will be adjusted based on the actual cost, but the originally accrued depreciation will not be adjusted.

3. The specific standards and timing for converting the company's construction-in-progress into fixed assets are as follows:

Category Criteria and time point for conversion to fixed assets

1. The main construction project and supporting projects have been substantially completed;

2. The amount of expenditures that continue to be incurred on the constructed houses and buildings is very small or almost no longer occurs;

Houses and buildings 3) The houses and buildings constructed have met the design or contract requirements, or are basically consistent with the design or contract requirements;

4. If the construction project reaches the intended usable state but the final settlement of completion has not yet been processed, the estimated value will be transferred to fixed assets based on the actual cost of the project from the date it reaches the intended usable state.

5. Relevant equipment and other supporting facilities have been installed;

6. The equipment can maintain normal and stable operation for a period of time after debugging;

Machinery and equipment

3. The production equipment can stably produce qualified products over a period of time;

4. The equipment has been inspected and accepted by asset managers and users.

20. Borrowing costs

Borrowing costs include borrowing interest, amortization of discounts or premiums, auxiliary expenses, and exchange differences arising from foreign currency borrowings, etc.

1． Recognition principles for capitalization of borrowing costs

If the borrowing costs incurred by the company can be directly attributed to the purchase, construction or production of assets that meet the capitalization conditions, they shall be capitalized and included in the cost of the relevant assets; other borrowing costs shall be recognized as expenses based on the amount incurred when incurred and included in the current profits and losses.

2. Borrowing cost capitalization period

(1) Capitalization begins when the following conditions are met at the same time: 1) Asset expenditures have occurred; 2) Borrowing costs have occurred; 3) The acquisition, construction or production activities necessary to bring the asset to its intended usable or salable state have begun.

(2) Suspension of capitalization: If an asset that meets the capitalization conditions is abnormally interrupted during the acquisition, construction or production process, and the interruption lasts for more than 3 months, the capitalization of borrowing costs will be suspended; the borrowing costs incurred during the interruption will be recognized as current expenses until the acquisition, construction or production activities of the asset are restarted. If the interruption is a necessary procedure for the acquired, constructed or produced assets that meet the capitalization conditions to reach the intended usable or salable state, the borrowing costs will continue to be capitalized.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(3) Stop capitalization: When the assets purchased, constructed or produced that meet the capitalization conditions reach the intended usable or salable state, the capitalization of borrowing costs will stop. When part of the projects in the acquisition, construction or production of assets eligible for capitalization are completed and can be used independently, the capitalization of borrowing costs for this part of the assets will cease. If each part of an asset purchased, constructed or produced is completed separately, but it cannot be used or sold outside until the overall completion, the capitalization of borrowing costs will stop when the entire asset is completed. 3. Calculation method of capitalization rate and capitalization amount of borrowing costs

If a special loan is borrowed for the purpose of purchasing, constructing or producing assets that meet the capitalization conditions, the interest expense actually incurred on the special loan in the current period (including the amortization of discount or premium determined in accordance with the actual interest rate method) shall be deducted from the interest income obtained from depositing the unused borrowed funds in the bank or the investment income obtained from temporary investment. The amount of interest that should be capitalized is determined; if general borrowings are occupied for the purchase, construction or production of assets that meet the capitalization conditions, the amount of interest that should be capitalized on the general borrowings is calculated and determined based on the weighted average of the cumulative asset expenditures exceeding the special borrowings multiplied by the capitalization rate of the general borrowings (weighted average interest rate). During the capitalization period, the capitalized amount of interest in each accounting period shall not exceed the actual amount of interest incurred on the relevant borrowings in the current period. Exchange differences on the principal and interest of special foreign currency borrowings shall be capitalized within the capitalization period. Ancillary expenses incurred for special borrowings shall be capitalized if they are incurred before the assets purchased, constructed or produced that meet the capitalization conditions reach the intended usable or salable state; if they are incurred after the assets have reached the intended usable or salable state, they shall be included in the current profit and loss. Ancillary expenses incurred for general borrowings are included in the current profits and losses when incurred. If there is a discount or premium on the loan, the amount of discount or premium that should be amortized in each accounting period shall be determined according to the actual interest rate method, and the interest amount of each period shall be adjusted.

21. Intangible assets

(1) Useful life and its determination basis, estimation, amortization method or review procedure

Intangible assets are initially measured at cost. The cost of outsourced intangible assets includes the purchase price, relevant taxes and other expenses directly attributable to the asset's intended use. If the purchase price of intangible assets is deferred beyond normal credit conditions and is essentially financing in nature, the cost of the intangible assets shall be determined based on the present value of the purchase price. Debt restructuring obtains intangible assets from the debtor to offset debts, and its entry value is determined based on the fair value of the relinquished claims and taxes and other costs that are directly attributable to the achievement of the intended use of the assets. Under the premise that the exchange of non-monetary assets has commercial substance and the fair value of the assets exchanged or exchanged out can be reliably measured, the intangible assets exchanged in the exchange of non-monetary assets shall be based on the fair value of the assets exchanged and the relevant taxes payable as the cost of the intangible assets exchanged in, unless there is conclusive evidence that the fair value of the assets exchanged in is more reliable; for non-monetary asset exchanges that do not meet the above premise, the book value of the assets exchanged out and the relevant taxes payable shall be regarded as the cost of the intangible assets exchanged in, and no profit or loss shall be recognized.

Expenditures related to intangible assets are included in the cost of intangible assets if the relevant economic benefits are likely to flow into the company and the cost can be measured reliably. Expenditures on other items besides this are included in the current profits and losses when incurred.

Acquired land use rights are usually accounted for as intangible assets. If you develop and construct factories and other buildings by yourself, the related land use right expenditures and building construction costs will be accounted for as intangible assets and fixed assets respectively. In the case of outsourced houses and buildings, the relevant price will be allocated between the land use rights and the buildings. If it is difficult to reasonably allocate, all of them will be treated as fixed assets.

Based on the judgment of comprehensive factors such as contractual rights or other legal rights of intangible assets, industry conditions, historical experience, relevant expert arguments and other comprehensive factors, if the period during which the intangible asset can bring economic benefits to the company can be reasonably determined, it is regarded as an intangible asset with a limited service life; if the period during which the intangible asset can bring economic benefits to the company cannot be reasonably determined, it is regarded as an intangible asset with an indefinite service life.

For intangible assets with a limited service life, the following factors are usually considered when estimating their service life: (1) the usual life cycle of the products produced using the asset and available information on the service life of similar assets; (2) the current situation of technology, processes, etc. and estimates of future development trends; (3) the market demand for products produced or services provided by the asset ; (4) Actions expected by current or potential competitors; (5) Expected maintenance expenditures to maintain the asset's ability to bring economic benefits, and the company's expected ability to pay related expenditures; (6) Relevant legal provisions or similar restrictions on the control period of the asset, such as franchise periods, lease periods, etc.; (7) Correlation with the service life of other assets held by the company, etc. Estimated useful life of intangible assets with limited useful life:

Item Estimated service life basis Period (years)

Patent expected benefit period 5

Software Estimated benefit period 10

Land use rights Land use rights certificate registration period 50

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Intangible assets with limited service life shall be amortized systematically and reasonably within the service life according to the expected realization method of the economic benefits related to the intangible asset. If the expected realization method cannot be reliably determined, the straight-line method shall be used for amortization. Intangible assets with indefinite useful lives are not amortized, but the useful lives of the intangible assets are reviewed every year and impairment tests are conducted.

At the end of each year, the company reviews the service life and amortization method of intangible assets with limited service life. If it is different from the previous estimate, the original estimate will be adjusted and treated as a change in accounting estimate; if an intangible asset is expected to no longer bring future economic benefits to the company, the entire book value of the intangible asset will be transferred to the current profit and loss.

(2) Scope of aggregation of R&D expenditures and related accounting treatment methods

Expenditures on internal research and development projects are divided into research phase expenditures and development phase expenditures. Criteria for dividing the research stage and the development stage: The planned investigation stage to obtain new technologies and knowledge should be determined as the research stage. This stage has the characteristics of planning and exploratory nature; before commercial production or use, the stage of applying research results or other knowledge to a certain plan or design to produce new or substantially improved materials, devices, products, etc., should be determined as the development stage. This stage has the characteristics of being targeted and having a greater possibility of producing results.

Expenditures in the research phase of internal research and development projects are included in the current profits and losses when incurred. Expenditures in the development phase of internal research and development projects are recognized as intangible assets if they meet the following conditions: (1) It is technically feasible to complete the intangible asset so that it can be used or sold; (2) There is the intention to complete the intangible asset and use or sell it; (3) The way in which the intangible asset generates economic benefits includes being able to prove the use of the intangible asset There is a market for the products produced or the intangible asset itself has a market, and if the intangible asset will be used internally, its usefulness can be proven; (4) It has sufficient technical, financial and other resource support to complete the development of the intangible asset, and has the ability to use or sell the intangible asset; (5) Expenditures attributable to the development stage of the intangible asset can be measured reliably. If the above conditions are not met, it will be included in the current profit and loss when incurred; if it is impossible to distinguish between research stage expenditures and development stage expenditures, all R&D expenditures incurred will be included in the current profit and loss.

If the company sells the products or by-products produced during the research and development process to external parties (hereinafter referred to as trial sales), in accordance with the "Accounting Standards for Business Enterprises No. 14 - Revenue" and "Accounting Standards for Business Enterprises No. 1 - Inventory", the income and costs related to the trial sales will be accounted for separately and included in the current profit and loss. Before the relevant products or by-products produced by the trial operation are sold externally, they shall be recognized as inventories in compliance with the provisions of "Accounting Standards for Business Enterprises No. 1 - Inventory", and shall be recognized as relevant assets in compliance with the relevant asset recognition conditions in other relevant Accounting Standards for Business Enterprises.

22. Impairment of long-term assets

Long-term equity investments, fixed assets measured using the cost model, projects under construction, right-of-use assets, intangible assets, goodwill and other long-term assets have the following signs, indicating that the assets may be impaired:

1． The market price of the asset drops significantly during the current period, and the drop is significantly higher than the expected drop due to the passage of time or normal use;

2. The economic, technological or legal environment in which the enterprise operates and the market in which the assets are located have undergone major changes in the current period or will occur in the near future, which will have an adverse impact on the enterprise;

3. Market interest rates or other market investment returns have increased in the current period, which affects the discount rate used by the company to calculate the present value of the estimated future cash flows of assets, resulting in a significant reduction in the recoverable amount of assets;

4. There is evidence that the asset is obsolete or has become physically damaged;

5. The assets have been or will be idle, terminated, or planned to be disposed of in advance;

6. Evidence from the company's internal report shows that the economic performance of the assets has been or will be lower than expected, such as the net cash flow created by the assets or the operating profit (or loss) realized is far lower (or higher) than the expected amount, etc.;

7. Other indicators that an asset may be impaired.

If there are signs of impairment of the above-mentioned long-term assets on the balance sheet date, an impairment test shall be conducted. If the impairment test results show that the recoverable amount of the asset is lower than its book value, impairment provisions will be made based on the difference and included in the impairment loss. The recoverable amount is the higher of the asset's fair value less disposal costs and the present value of the asset's expected future cash flows. For details on the determination method of fair value, please refer to V. Important Accounting Policies and Accounting Estimates (11); Disposal expenses include legal fees related to asset disposal, relevant taxes, transportation fees and direct expenses incurred in bringing the asset to a salable state; the present value of the estimated future cash flow of the asset is determined based on the estimated future cash flow generated during the continued use of the asset and the final disposal, and the amount after selecting an appropriate discount rate to discount it.

Asset impairment provisions are calculated and recognized on the basis of individual assets. If it is difficult to estimate the recoverable amount of an individual asset, the recoverable amount of the asset group is determined based on the asset group to which the asset group belongs. An asset group is the smallest combination of assets that can independently generate cash inflows.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

For goodwill that is presented separately in the financial statements, when conducting impairment testing, the book value of the goodwill is allocated to the asset group or combination of asset groups that are expected to benefit from the synergy benefits of the business combination. If the test results show that the recoverable amount of an asset group or combination of asset groups containing apportioned goodwill is lower than its book value, the corresponding impairment loss will be recognized. The amount of impairment loss first deducts the book value of the goodwill allocated to the asset group or asset group combination, and then deducts the book value of other assets in proportion based on the proportion of the book value of other assets in the asset group or asset group combination except goodwill.

Goodwill and intangible assets with indefinite useful lives are tested for impairment at least at the end of each year.

Once the above-mentioned asset impairment losses are recognized, they will not be reversed in subsequent periods.

23. Contract liabilities

Contract liabilities refer to the company's obligation to transfer goods to customers for consideration received or receivable from customers. The company will present the net amount after offsetting contract assets and contract liabilities under the same contract.

24. Employee compensation

(1) Accounting treatment method for short-term compensation

During the accounting period when employees provide services, the company recognizes the actual employee wages, bonuses, social insurance premiums such as medical insurance premiums, work-related injury insurance premiums, maternity insurance premiums, and housing provident funds paid for employees based on prescribed standards and proportions as liabilities, and includes them in the current profit and loss or related asset costs. If employee benefits are non-monetary benefits and can be measured reliably, they are measured at fair value. If the liability is not expected to be fully paid within twelve months after the end of the annual reporting period in which the employee provides relevant services, and the financial impact is significant, the liability will be measured at a discounted amount.

(2) Accounting treatment of post-employment benefits

Post-employment benefit plans include defined contribution plans and defined benefit plans. Among them, a defined contribution plan refers to a post-employment benefit plan in which the enterprise no longer bears further payment obligations after paying a fixed fee to an independent fund; a defined benefit plan refers to a post-employment benefit plan other than a defined contribution plan.

(1) Set up a deposit plan

The company pays basic pension insurance and unemployment insurance for its employees in accordance with relevant government regulations of the current period. During the accounting period when employees provide services to the company, the deposit amount payable calculated based on the defined contribution plan is recognized as a liability and included in the current profit and loss or related asset costs.

(3) Accounting treatment method for dismissal benefits

When the company cannot unilaterally withdraw the dismissal benefits provided due to the termination of labor relations plan or layoff proposal, whichever is earlier than when the company recognizes the costs or expenses related to the restructuring involving the payment of dismissal benefits, the employee compensation liabilities arising from the dismissal benefits will be recognized and included in the current profit and loss. However, if dismissal benefits are not expected to be fully paid twelve months after the end of the annual reporting period, they will be treated as other long-term employee benefits.

Internal employee retirement plans are treated on the same principles as the above-mentioned termination benefits. The company will include the wages and social insurance premiums to be paid to early retirees from the date when the employees stop providing services to the normal retirement date, etc., when the conditions for recognition of estimated liabilities are met, and included in the current profit and loss (dismissal benefits). Economic compensation after the official retirement date (such as normal pension and pension) will be treated as post-employment benefits.

(4) Accounting treatment methods for other long-term employee benefits

None

25. Share-based payment

1． Types of share-based payment

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The company's share-based payment is a transaction in which equity instruments are granted or liabilities determined based on equity instruments are granted in order to obtain services from employees (or other parties). Including equity-settled share-based payments and cash-settled share-based payments.

2. Method for Determining the Fair Value of Equity Instruments

(1) If there is an active market, it will be determined based on the quoted price in the active market; (2) If there is no active market, it will be determined using valuation techniques, including referring to prices used in recent market transactions by parties who are familiar with the situation and voluntarily transacting, referring to the current fair value of other financial instruments that are substantially the same, discounted cash flow methods and option pricing models, etc.

3. Basis for confirming the best estimate of exercisable equity instruments

On each balance sheet date during the waiting period, the Company makes its best estimate based on the latest changes in the number of vested employees and other subsequent information, and corrects the number of equity instruments expected to be vested. On the vesting date, the number of equity instruments ultimately expected to be vested should be consistent with the actual number of vested equity instruments.

4. Accounting treatment of share-based payment

(1) Equity-settled share-based payment

If equity-settled share-based payment is used in exchange for services provided by employees, and if the rights are vested immediately after grant, the fair value of the equity instrument will be included in the relevant costs or expenses on the date of grant, and the capital reserve will be adjusted accordingly; if the rights are vested after completing the services within the waiting period or meeting the specified performance conditions, each asset liability during the waiting period will be On the debt statement date, based on the best estimate of the number of exercisable equity instruments and the fair value of the equity instruments on the date of grant, the services obtained in the current period are included in the relevant costs or expenses, and the capital reserve is adjusted accordingly. After the exercitation date, there will be no adjustment to the recognized relevant costs or expenses and the total owner's equity.

If equity-settled share-based payment is used to exchange services from other parties, if the fair value of the other party's services can be reliably measured, it will be measured according to the fair value of the other party's services on the date of acquisition; if the fair value of other parties' services cannot be reliably measured but the fair value of the equity instrument can be reliably measured, it will be measured according to the fair value of the equity instrument on the date of service acquisition, and relevant costs or expenses will be included, and the owner's equity will be increased accordingly.

(2) Cash-settled share-based payment

If a cash-settled share-based payment is exchanged for employee services, and if it is vested immediately after grant, the fair value of the company's liabilities will be included in the relevant costs or expenses on the date of grant, and the liabilities will be increased accordingly; for a cash-settled share-based payment that is exchanged for employee services after completing services during the waiting period or meeting specified performance conditions, on each balance sheet date during the waiting period, based on the best estimate of the vesting situation, the services obtained in the current period will be included in the relevant costs or expenses and corresponding liabilities based on the fair value of the company's liabilities. On each balance sheet date and settlement date before the settlement of relevant liabilities, the fair value of the liability is remeasured, and its changes are included in the current profit and loss.

(3) Modification and termination of share-based payment plan

Modification and termination of equity-settled share-based payments

If the modification increases the fair value of the equity instruments granted, the company will recognize the increase in the services obtained according to the increase in the fair value of the equity instruments; if the modification increases the number of equity instruments granted, the company will recognize the increased fair value of the equity instruments as an increase in the services obtained accordingly; if the company modifies the vesting conditions in a way that is beneficial to employees, the company will consider the modified vesting conditions when processing the vesting conditions.

If the modification reduces the fair value of the equity instruments granted, the company will continue to recognize the amount of services obtained based on the fair value of the equity instruments on the date of grant, regardless of the decrease in the fair value of the equity instruments; if the modification reduces the number of equity instruments granted, the company will treat the reduction as the cancellation of the equity instruments granted; if the vesting conditions are modified in a way that is unfavorable to employees, the modified vesting conditions will not be considered when processing the vesting conditions.

If equity-settled share-based payment is cancelled, it will be treated as accelerated exercise on the cancellation date, and the unconfirmed amount will be immediately recognized (the amount that should be recognized during the remaining waiting period will be immediately included in the current profit and loss, and the capital reserve will be recognized at the same time). If employees or other parties can choose to meet the non-vesting conditions but fail to do so within the waiting period, the equity-settled share-based payment will be cancelled. However, if a new equity instrument is granted and it is determined on the grant date of the new equity instrument that the granted equity instrument is used to replace the canceled equity instrument, the granted replacement equity instrument shall be treated in the same manner as the modification of the terms and conditions of the original equity instrument.

5. Share-based payment transactions involving various enterprises within the scope of the company's merger, between the company and the company's actual controller or other shareholders, or between the company and other companies in the company's group shall be handled in accordance with the relevant provisions on intra-group share-based payment in Article 7 of "Interpretation No. 4 of Accounting Standards for Business Enterprises".

6. Share buyback

If the company's shares are acquired for reasons such as reducing registered capital or rewarding employees, the actual amount paid will be treated as treasury shares and will be registered for future reference. If the repurchased shares are cancelled, the difference between the total par value of the shares calculated based on the par value of the canceled shares and the number of canceled shares and the actual amount paid for the repurchase will be offset against the capital reserve. If the capital reserve is insufficient for offset, the retained earnings will be offset; if the repurchased shares are awarded to the company's employees, it is an equity-settled share-based payment, and the rights will be exercised before the employees

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

When the price is received for purchasing the company's shares, the cost of treasury shares delivered to employees and the accumulated amount of capital reserves (other capital reserves) during the waiting period are written off, and at the same time, the capital reserves (share premium) are adjusted according to the difference.

27. Income

Disclose accounting policies adopted for revenue recognition and measurement by business type

1. General recognition principle of revenue

The company uses the transfer of control as the criterion for determining the timing of revenue recognition. The company fulfills its performance obligations in the contract, that is, when the customer obtains control of the relevant goods, revenue is recognized.

If one of the following conditions is met, the company performs its performance obligations within a certain period of time; otherwise, it performs its performance obligations at a certain point in time: (1) The customer obtains and consumes the economic benefits brought by the company's performance while the company performs the contract; (2) The customer can control the goods under construction during the company's performance; (3) The goods produced during the company's performance have irreplaceable uses, and the company has the right to collect payment for the cumulative performance part that has been completed so far during the entire contract period.

For performance obligations performed within a certain period of time, the company will recognize revenue based on the performance progress during that period, except where the performance progress cannot be reasonably determined. When the progress of contract performance cannot be reasonably determined, if the costs incurred by the company are expected to be compensated, revenue will be recognized based on the amount of costs incurred until the progress of contract performance can be reasonably determined.

For performance obligations fulfilled at a certain point in time, the company recognizes revenue at the point when the customer obtains control of the relevant goods. When judging whether the customer has obtained control of the goods, the company considers the following signs: (1) the company has a current right to receive payment for the goods, that is, the customer has a current payment obligation for the goods; (2) the company has transferred the legal ownership of the goods to the customer, that is, the customer already has legal ownership of the goods; (3) the company has The commodity is physically transferred to the customer, which means that the customer has physical possession of the commodity; (4) the company has transferred the main risks and rewards of ownership of the commodity to the customer, that is, the customer has obtained the main risks and rewards of ownership of the commodity; (5) the customer has accepted the commodity; (6) other indications that the customer has obtained control of the commodity.

If the contract contains two or more performance obligations, the company will allocate the transaction price to each individual performance obligation based on the relative proportion of the stand-alone selling price of the goods promised by each individual performance obligation on the contract start date, and measure revenue based on the transaction price allocated to each individual performance obligation. The transaction price is the amount of consideration that the company expects to be entitled to receive for transferring the goods to the customer. Amounts collected by the Company on behalf of third parties and amounts that the Company expects to return to customers are accounted for as liabilities and are not included in the transaction price. If there is variable consideration in the contract, the company determines the best estimate of the variable consideration based on the expected value or the most likely amount, but the transaction price including the variable consideration shall not exceed the amount at which the cumulative recognized revenue is unlikely to be significantly reversed when the relevant uncertainty is eliminated. If there is a significant financing component in the contract, the company determines the transaction price based on the amount payable in cash when the customer obtains control of the goods. The difference between the transaction price and the contract consideration is amortized using the effective interest method during the contract period. On the contract start date, if the company expects that the interval between the customer obtaining control of the goods and the customer paying the price will not exceed one year, the significant financing component in the contract will not be considered.

2. The specific recognition principles of the company’s revenue

The company's specific standards for revenue recognition: (1) Domestic sales: The company sends the goods through freight companies, express delivery, etc. and attaches the packing list with the box. After the customer signs for it, the quantity, specification, and model of the goods are checked according to the packing list. The arrival is confirmed after verification, and revenue is recognized after customer acceptance; (2) Overseas sales: The company's export customers use CIF or FOB settlement methods. The company contacts the freight forwarding company or sends the goods by express delivery, and the revenue is recognized after customs declaration and export. Similar business adopts different business models and involves different revenue recognition methods and measurement methods.

None

28. Government subsidies

1． Classification of government subsidies

Government subsidies refer to the monetary assets or non-monetary assets that the company obtains free of charge from the government. It is divided into asset-related government subsidies and income-related government subsidies.

Government subsidies related to assets refer to government subsidies obtained by the company for the purchase, construction or other formation of long-term assets, including fiscal allocations for the purchase of fixed assets or intangible assets, fiscal discounts for special loans for fixed assets, etc. Government subsidies related to income refer to government subsidies other than government subsidies related to assets.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Government subsidies. For government subsidies that contain both asset-related parts and income-related parts, different parts shall be distinguished and accounted for separately; if it is difficult to distinguish, the whole shall be classified as income-related government subsidies.

The specific standards adopted by our company when classifying government subsidies are:

(1) If the subsidy object specified in the government subsidy document is used to purchase, construct or form long-term assets in other ways, or the expenditure of the subsidy object is mainly used to purchase, construct or form long-term assets in other ways, it is classified as an asset-related government subsidy.

(2) Government subsidies obtained according to government subsidy documents are classified as income-related government subsidies if they are wholly or mainly used to compensate for expenses or losses incurred in the future period or that have already occurred.

(3) If the government document does not clearly stipulate the subsidy object, the following methods will be used to classify the government subsidy into asset-related government subsidies or income-related government subsidies: 1) If the government document clarifies the specific project for which the subsidy is targeted, assets will be formed in the budget of the specific project The amount of expenditure and the amount of expenditure included in expenses are divided into relative proportions. The division ratio needs to be reviewed on each balance sheet date and changed if necessary; 2) If the purpose is only a general statement in the government document and no specific project is specified, it will be regarded as a government subsidy related to income.

2. Confirmation time of government subsidies

The Company usually recognizes and measures government subsidies based on the actual amount received when they are actually received. However, if there is conclusive evidence at the end of the period that it can meet the relevant conditions stipulated in the financial support policy and is expected to receive financial support funds, it will be measured according to the amount receivable. Government subsidies measured according to the amount receivable shall meet the following conditions at the same time:

(1) It is based on the financial support projects and their fiscal fund management measures officially released by the local financial department and proactively disclosed in accordance with the "Government Information Disclosure Regulations", and the management measures should be inclusive (any enterprise that meets the prescribed conditions can apply), rather than formulated specifically for specific enterprises;

(2) The amount of the subsidy receivable has been confirmed by a document issued by the competent government department, or can be reasonably calculated by oneself in accordance with the relevant provisions of the officially released fiscal fund management measures, and it is expected that there is no major uncertainty in its amount;

(3) The relevant subsidy approval documents have clearly promised the disbursement period, and the disbursement of the funds is guaranteed by the corresponding financial budget, so it can be reasonably guaranteed that it can be received within the specified period;

(4) Other relevant conditions (if any) that should be met based on the specific circumstances of the company and the subsidy.

3. Accounting treatment of government subsidies

If the government subsidy is a monetary asset, it shall be measured according to the amount received or receivable; if it is a non-monetary asset, it shall be measured at its fair value; if the fair value of the non-monetary asset cannot be obtained reliably, it shall be measured at its nominal amount. Government subsidies measured according to the nominal amount are directly included in the current profit and loss.

The company adopts the total amount method for government subsidies, and the specific accounting treatment is as follows:

If the gross method is adopted, the disclosure shall be as follows:

Government subsidies related to assets are recognized as deferred income and are included in the current profits and losses in installments according to a reasonable and systematic method within the useful life of the relevant assets. If the relevant assets are sold, transferred, scrapped or damaged before the end of their useful lives, the balance of the relevant deferred income will be transferred to the profits and losses of the current period of asset disposal.

If government subsidies related to income are used to compensate the company for relevant costs, expenses or losses in future periods, they are recognized as deferred income, and are included in the current profit and loss during the period when the relevant costs, expenses or losses are recognized; if they are used to compensate the company for relevant costs, expenses or losses that have already occurred, they are directly included in the current profits and losses.

The policy-based preferential loan interest discounts obtained by the company are divided into the following two situations and are accounted for separately:

(1) If the finance department allocates interest discount funds to the lending bank, and the lending bank provides loans to the enterprise at policy-based preferential interest rates, the company will use the actual loan amount received as the entry value of the loan, and calculate the relevant borrowing costs based on the loan principal and the policy-based preferential interest rate.

(2) If the finance department directly allocates interest discount funds to the company, the company will use the corresponding interest discount to offset related borrowing costs.

If the confirmed government subsidies need to be returned, accounting treatment will be carried out in the current period in which they need to be returned according to the following circumstances:

(1) If the book value of related assets is offset during initial recognition, the book value of the assets will be adjusted;

(2) If there is relevant deferred income, the book balance of the relevant deferred income will be offset, and the excess will be included in the current profit and loss;

(3) In other cases, it will be directly included in the current profit and loss.

The principle of distinguishing government subsidies included in different profit and loss items is: government subsidies related to the company's daily activities shall be included in other income or offset relevant costs and expenses according to the economic business essence; government subsidies unrelated to the company's daily activities shall be included in non-operating income and expenses.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

29. Deferred income tax assets/deferred income tax liabilities

1． Recognition and measurement of deferred income tax assets and deferred income tax liabilities

The company uses the balance sheet debt method to recognize deferred income tax based on the temporary differences between the book values of assets and liabilities on the balance sheet date and their tax basis. The company's current income tax and deferred income tax are included in the current profit and loss as income tax expenses or income, but do not include income taxes arising from the following situations: (1) business mergers; (2) transactions or events directly recognized in owners' equity; (3) dividend payments on financial instruments classified as equity instruments in accordance with "Accounting Standards for Business Enterprises No. 37 - Presentation of Financial Instruments" and other regulations, which can be deducted before corporate income tax in accordance with tax policies and the distributed profits come from transactions or events previously recognized in owners' equity.

For deductible temporary differences, deductible losses and tax credits that can be carried forward to future years, the company recognizes the resulting deferred income tax assets to the extent that it is likely to obtain future taxable income that can be used to offset the deductible temporary differences, deductible losses and tax credits, unless the deductible temporary differences are generated in the following transactions:

(1) The transaction is not a business combination. When the transaction occurs, it will neither affect accounting profits nor taxable income (or deductible losses), and the initially recognized assets and liabilities will not produce equal amounts of taxable temporary differences and deductible temporary differences;

(2) For deductible temporary differences related to investments in subsidiaries, joint ventures and associates, corresponding deferred income tax assets are recognized if the following conditions are met: the temporary differences are likely to be reversed in the foreseeable future, and it is likely to be taxable income that can be used to offset the deductible temporary differences in the future.

Each taxable temporary difference is recognized as a related deferred income tax liability, unless the taxable temporary difference is generated in the following transactions:

(1) The initial recognition of goodwill, or the initial recognition of assets or liabilities arising from a transaction with the following characteristics: the transaction is not a business combination, the transaction affects neither accounting profits nor taxable income (or deductible losses) when the transaction occurs, and the initially recognized assets and liabilities will not produce equal amounts of taxable temporary differences and deductible temporary differences;

(2) For taxable temporary differences related to investments in subsidiaries, joint ventures and associates, the timing of the reversal of the temporary differences can be controlled and the temporary differences are likely not to be reversed in the foreseeable future.

Based on the difference between the book value of assets and liabilities and their tax basis (if the tax basis of items not recognized as assets and liabilities can be determined in accordance with tax laws, the difference between the tax basis and their book amount), deferred income tax assets or deferred income tax liabilities are calculated and recognized according to the applicable tax rate during the period when the asset is expected to be recovered or the liability is settled.

For a single transaction that is not a business combination and affects neither accounting profits nor taxable income (or deductible losses) when the transaction occurs, and the initial recognition of assets and liabilities results in an equal amount of taxable temporary differences and deductible temporary differences (including the lessee's initial recognition of lease liabilities on the start date of the lease period and included in the right-of-use assets leasing transactions, and transactions in which estimated liabilities are recognized and included in the cost of related assets due to disposal obligations of fixed assets, etc.), the company recognizes the corresponding deferred income tax liabilities and deferred income tax assets respectively when the transaction occurs for taxable temporary differences and deductible temporary differences arising from the initial recognition of assets and liabilities.

Deferred income tax assets are recognized to the extent that it is probable that taxable income will be available against which the deductible temporary differences can be utilised. On the balance sheet date, if there is conclusive evidence that sufficient taxable income is likely to be obtained in the future period to offset the deductible temporary differences, deferred income tax assets that have not been recognized in previous accounting periods will be recognized. The carrying amount of deferred income tax assets shall be reviewed. If it is likely that sufficient taxable income will not be available in the future period to offset the benefits of deferred income tax assets, the carrying amount of deferred income tax assets shall be written down. The amount of the write-down is reversed when it is probable that sufficient taxable income will be obtained.

2. When the company has the legal right to settle on a net basis and intends to settle on a net basis or acquire assets and pay off liabilities at the same time, the company's current income tax assets and current income tax liabilities are presented at the net amount after offsetting.

When you have the legal right to settle current income tax assets and current income tax liabilities on a net basis, and the deferred income tax assets and deferred income tax liabilities are related to the income tax levied by the same tax collection and administration department on the same taxpayer or on different tax entities, but in the future each During the period when significant deferred income tax assets and liabilities are reversed, when the tax payer involved intends to settle the current income tax assets and liabilities on a net basis or to obtain assets and settle liabilities at the same time, the Company's deferred income tax assets and deferred income tax liabilities will be presented at the net amount after offsetting.

30. Leasing

(1) Accounting treatment method for leasing as lessee

(1)Right-of-use assets

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

On the start date of the lease period, the Company recognizes right-of-use assets for leases other than short-term leases and low-value asset leases. Right-of-use assets are initially measured at cost, including: the initial measurement amount of the lease liability; the lease payment amount paid on or before the start date of the lease term (deducting the amount related to the lease incentives already enjoyed); the initial direct costs incurred; the costs expected to be incurred to dismantle and remove the leased asset, restore the site where the leased asset is located, or restore the leased asset to the state agreed upon in the lease terms.

The Company uses the straight-line method to depreciate right-of-use assets. If it is reasonably certain that the ownership of the leased asset will be obtained at the expiration of the lease term, the Company will accrue depreciation over the remaining useful life of the leased asset. If it is not reasonably certain that the ownership of the leased asset will be obtained at the expiration of the lease term, the leased asset will be depreciated over the shorter of the lease term and the remaining useful life of the leased asset.

(2) Lease liabilities

On the commencement date of the lease period, the Company recognizes lease liabilities for leases other than short-term leases and low-value asset leases. Lease liabilities are initially measured based on the present value of the lease payments that have not yet been paid. Lease payments include: fixed payments and substantive fixed payments, if there are lease incentives, the amount related to the lease incentives will be deducted; variable lease payments that depend on an index or ratio, which are determined based on the index or ratio on the start date of the lease term when initially measured; the exercise price of the purchase option, provided that the company is reasonably certain that the option will be exercised; the payment required to exercise the lease termination option, provided that the lease term reflects that the company will exercise the lease termination option; and the amount expected to be paid based on the residual value of the guarantee provided by the company. The Company uses the interest rate implicit in the lease as the discount rate. If the interest rate implicit in the lease cannot be determined, the company's incremental borrowing rate will be used as the discount rate.

The company calculates the interest expense of the lease liability in each period during the lease term based on a fixed periodic interest rate, and includes it in the current profit and loss or related asset costs. Variable lease payments that are not included in the measurement of lease liabilities are included in the current profit and loss or related asset costs when actually incurred.

After the start date of the lease period, if the following circumstances occur, the Company will remeasure the lease liability based on the present value of the changed lease payment: the Company's evaluation results of the purchase option, lease renewal option or lease termination option change, or the actual exercise of the lease renewal option or lease termination option is inconsistent with the original evaluation results; the amount payable estimated based on the guaranteed residual value changes; the index or ratio used to determine the lease payment changes. When re-measurement of lease liabilities, the Company adjusts the book value of the right-of-use assets accordingly. If the book value of the right-of-use asset has been reduced to zero, but the lease liability still needs to be further reduced, the company will include the remaining amount in the current profit and loss.

(3) Judgment basis and accounting treatment method for simplified treatment of short-term leases and low-value asset leases

The company chooses not to recognize right-of-use assets and lease liabilities for short-term leases and low-value asset leases, and the relevant lease payments will be included in the current profit and loss or related asset costs on a straight-line basis in each period during the lease term. Short-term lease refers to a lease with a lease period of no more than 12 months on the start date of the lease period and does not include a purchase option. Low-value asset lease refers to a lease with a low value when the single leased asset is a new asset. If a company subleases or anticipates subletting a leased asset, the original lease does not constitute a low-value asset lease.

(4) Lease changes

If a lease changes and the following conditions are met at the same time, the company will account for the lease change as a separate lease: the lease change expands the scope of the lease by increasing the right to use one or more leased assets; the increased consideration is equivalent to the amount of the individual price of the expanded part of the lease scope adjusted according to the conditions of the contract.

If the lease change is not accounted for as a separate lease, on the effective date of the lease change, the company re-allocates the consideration of the contract after the change, re-determines the lease term, and re-measures the lease liability based on the present value of the changed lease payment and the revised discount rate.

(2) Accounting treatment method for leasing as lessor

On the lease commencement date, the Company divides leases into finance leases and operating leases. Finance lease refers to a lease that substantially transfers almost all risks and rewards related to the ownership of the leased asset, regardless of whether the ownership is ultimately transferred. Operating leases refer to leases other than finance leases.

When the Company acts as a sublease lessor, it classifies the sublease based on the right-of-use assets generated by the original lease. If the original lease is a short-term lease and the Company chooses not to recognize right-of-use assets and lease liabilities for the original lease, the Company classifies the sub-lease as an operating lease.

(1) Accounting treatment of operating leases

Lease receipts from operating leases are recognized as rental income on a straight-line basis throughout the lease term. The company capitalizes the initial direct expenses related to the operating lease and amortizes them into the current profit and loss during the lease period on the same basis as the rental income recognition. Variable lease payments that are not included in lease receipts are included in the current profit and loss when actually incurred.

(2) Accounting treatment of financial leases

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

On the lease commencement date, the Company recognizes finance lease receivables for finance leases and terminates the recognition of finance lease assets. When the Company initially measures the financial lease receivables, it takes the net lease investment as the entry value of the financial lease receivables. The net investment in a lease is the sum of the unguaranteed residual value and the present value of the lease payments that have not yet been received at the start of the lease term, discounted at the interest rate implicit in the lease.

The Company calculates and recognizes interest income in each period during the lease term based on fixed periodic interest rates. The derecognition and impairment of finance lease receivables are accounted for in accordance with 5. Important accounting policies and accounting estimates (10) Financial instruments. Variable lease payments that are not included in the measurement of net lease investment are included in the current profit and loss when actually incurred.

31. Restricted stocks

In the equity incentive plan, the company grants restricted stocks to the incentive recipients, who first subscribe for the shares. If the unlocking conditions specified in the equity incentive plan are not subsequently met, the company will repurchase the shares at a pre-agreed price. If the restricted stocks issued to employees have completed registration and other capital increase procedures in accordance with relevant regulations, on the grant date, the company will confirm the share capital and capital reserve (share premium) based on the subscription payments received from employees; at the same time, the company will recognize treasury shares and other payables for repurchase obligations.

32. Other important accounting policies and accounting estimates

In the process of applying accounting policies, due to the inherent uncertainty in operating activities, the Company needs to make judgments, estimates and assumptions on the book values of statement items that cannot be accurately measured. These judgments, estimates and assumptions are based on the past historical experience of the company's management and taking into account other relevant factors. These judgments, estimates and assumptions affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities at the balance sheet date. However, the actual results resulting from the uncertainty of these estimates may differ from the current estimates of the Company's management, resulting in significant adjustments to the carrying amounts of the assets or liabilities affected in the future. The Company conducts regular reviews of the aforementioned judgments, estimates and assumptions on a going concern basis. If a change in accounting estimates only affects the current period of the change, the impact will be recognized in the current period of the change; if it affects both the current period of the change and future periods, the impact will be recognized in the current period of the change and future periods. On the balance sheet date, the important areas where the Company needs to make judgments, estimates and assumptions on the amounts of financial statement items are as follows:

1． Classification of rentals

When the Company acts as a lessor, it classifies leases as operating leases and finance leases in accordance with the provisions of "Accounting Standards for Business Enterprises No. 21 - Leasing". When classifying, management needs to make an analysis and judgment on whether all risks and rewards related to the ownership of the leased assets have been substantially transferred to the lessee.

2. Impairment of financial instruments

The Company uses the expected credit loss model to assess the impairment of receivables measured at amortized cost. The use of expected credit loss models involves significant management judgment and estimates. Key parameters for measuring expected credit losses include probability of default, loss given default rate and exposure to default risk. The Company considers quantitative analysis of historical statistical data and forward-looking information to establish probability of default, loss given default and default risk exposure models. The difference between the actual financial instrument impairment results and the original estimate will affect the carrying value of the financial instrument and the provision or reversal of credit impairment losses in the period when the estimate is changed.

3. Provision for inventory decline

According to the inventory accounting policy, the company measures the inventory at the lower of cost and net realizable value, and makes provision for inventory depreciation for inventory that has a cost higher than net realizable value and is obsolete and slow-moving. The impairment of inventories to net realizable value is based on an assessment of the inventory's salability and its net realizable value. Identification of inventory impairment requires management to make judgments and estimates based on obtaining conclusive evidence and considering factors such as the purpose of holding inventory and the impact of events after the balance sheet date. The difference between the actual results and the original estimate will affect the book value of inventories and the provision or reversal of inventory depreciation provisions in the period when the estimate is changed.

4. Impairment of non-financial non-current assets

The Company determines whether there are signs of possible impairment of non-current assets other than financial assets on the balance sheet date. For intangible assets with indefinite useful lives, in addition to annual impairment testing, impairment testing is also conducted when there are signs of impairment. Other non-current assets other than financial assets are tested for impairment when there are signs that their carrying amounts are irrecoverable.

Impairment has occurred when the carrying value of an asset or asset group is greater than its recoverable amount, which is the higher of fair value less disposal costs and the present value of expected future cash flows.

The net amount of fair value less disposal expenses is determined by referring to the sales agreement price or observable market price of similar assets in an arm's length transaction, less the incremental costs directly attributable to the disposal of the asset. When estimating the present value of future cash flows, the production, selling price, related operating costs and

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Make significant judgments such as the discount rate used in calculating present value. The Company will use all relevant information available when estimating the recoverable amount, including forecasts of output, selling price and related operating costs based on reasonable and supportable assumptions.

The Company assesses whether goodwill is impaired at least annually, requiring an estimate of the value in use of the asset group to which goodwill is allocated. When estimating value in use, the company needs to estimate future cash flows from the asset group and select an appropriate discount rate to calculate the present value of future cash flows.

5. Depreciation and amortization

The Company depreciates and amortizes investment real estate, fixed assets and intangible assets measured using the cost model using the straight-line method over their useful lives after taking into account their residual values. The Company regularly reviews useful lives to determine the amount of depreciation and amortization expenses to be included in each reporting period. The useful life is determined by the Company based on past experience with similar assets and combined with expected technological updates. If there are material changes to previous estimates, depreciation and amortization expenses will be adjusted in future periods. 6. Deferred tax assets

The Company recognizes deferred income tax assets for all unused tax losses to the extent that it is probable that there will be sufficient taxable profits to offset the losses. This requires the company's management to use a lot of judgment to estimate the time and amount of future taxable profits, combined with tax planning strategies, to determine the amount of deferred income tax assets that should be recognized.

7. income tax

In the company's normal operating activities, there are certain uncertainties in the final tax treatment and calculation of some transactions. Whether some items can be deducted before tax requires the approval of the tax authorities. If the final determination of these tax matters is different from the initially estimated amount, the difference will have an impact on current income tax and deferred income tax during the period of final determination.

8． Fair value measurement

Certain of the Company's assets and liabilities are measured at fair value in the financial statements. When estimating the fair value of an asset or liability, the Company uses available observable market data; if the first-level input value cannot be obtained, it hires a third-party qualified appraisal agency to conduct a valuation. During this process, the Company's management works closely with it to determine appropriate valuation techniques and input values ​​for related models. For detailed information on the valuation techniques and input values ​​used in the process of determining the fair value of various assets and liabilities, see 13. Disclosure of Fair Value.

33. Changes in important accounting policies and accounting estimates

(1) Changes in important accounting policies

□Applicable Not applicable

(2) Changes in important accounting estimates

□Applicable Not applicable

(3) Adjustments to relevant items in the financial statements at the beginning of the year when the new accounting standards are implemented for the first time in 2026.

□Applicable Not applicable

34. Others

None

6. Taxes

1. Main tax types and tax rates

Type of tax Tax calculation basis Tax rate

Value-added tax The value-added amount generated in the process of selling goods or providing taxable services is calculated and paid at tax rates of 9%, 13%, etc. Export cargo execution

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

"Exemption, credit and refund" tax policy, the tax refund rate is 13%. Urban maintenance and construction tax Actual turnover tax paid 7%, 5%, etc.

Corporate income tax Taxable income [Note]

If the tax is assessed on an ad valorem basis, the remaining value after deducting 30% of the original value of the property is

Property tax 1.2%, 12%

1.2% is calculated and paid; if it is calculated based on rent, it is calculated and paid at 12% of the rental income.

Education fee surcharge Actual turnover tax paid 3%

Local education surcharge Actual turnover tax paid 2%

If there are taxpayers with different corporate income tax rates, a description of the disclosure

Name of tax payer Income tax rate

The company 15%

Xi'an Zhongjing Semiconductor Materials Co., Ltd. 20%

Ningxia Zhongjing Semiconductor Materials Co., Ltd. 15%

Zhejiang Zhongjing New Materials Research Co., Ltd. 25%

Jiangsu Gaoxin Electronics Co., Ltd. 15%

2. Tax incentives

(1) Tax incentives for the western development

According to the "Announcement on the Continuation of the Enterprise Income Tax Policy for the Development of the Western Region" by the Ministry of Finance, the State Administration of Taxation, and the National Development and Reform Commission (Announcement of the Ministry of Finance 2020 No. No. 23) and related announcements and notices, "From January 1, 2021 to December 31, 2030, enterprises located in the western region that have industrial projects specified in the "Catalogue of Encouraged Industries in the Western Region" as their main business, and whose main business income accounts for more than 60% of the total enterprise income, will be levied a corporate income tax at a reduced rate of 15%." Ningxia Zhongjing Semiconductor Materials Co., Ltd., a subsidiary of the Company, qualifies for the preferential tax policy for the Western Development and can pay corporate income tax at a rate of 15%.

(2) Tax incentives for high-tech enterprises

The company is a nationally recognized high-tech enterprise. On December 6, 2024, it obtained the "High-tech Enterprise Certificate" with the number GR202433008514 approved and issued by the Zhejiang Provincial Department of Economy and Information Technology, Zhejiang Provincial Department of Finance, and the State Administration of Taxation, Zhejiang Provincial Taxation Bureau. The certificate was issued on December 6, 2024, and is valid for three years. In 2025, the company will pay corporate income tax at a rate of 15%.

The company's subsidiary Jiangsu Gaoxin Electronics Co., Ltd. is a nationally recognized high-tech enterprise. It obtained the "High-tech Enterprise Certificate" No. GR202332005744 approved and issued by the Jiangsu Provincial Department of Science and Technology, the Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau on November 6, 2023. The certificate was issued on November 6, 2023, and is valid for three years. In 2025, Jiangsu Gaoxin Electronics Co., Ltd. will pay corporate income tax at a tax rate of 15%.

(3) Tax incentives for small and micro enterprises

According to the "Announcement on Relevant Tax Policies to Further Support the Development of Small and Micro Enterprises and Individual Industrial and Commercial Households" (No. 12 of 2023) issued by the Ministry of Finance and the State Administration of Taxation on August 2, 2023, small and low-profit enterprises will be subject to a 25% reduction in taxable income calculation and a 20% corporate income tax policy, which will continue to be implemented until December 31, 2027. The company's subsidiary Xi'an Zhongjing Semiconductor Materials Co., Ltd. will begin to enjoy the above preferential policies in 2025.

3. Others

None

7. Notes on Consolidated Financial Statement Items

1. Monetary funds

Unit: Yuan

Item Ending balance Beginning balance

Cash on hand 20,879.16 14,192.11 Bank deposits 108,999,190.88 135,016,874.60

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Other monetary funds 2,808,909.83 2,099,972.00 Total 111,828,979.87 137,131,038.71 Other notes

1. For details of mortgages, pledges, seizures, freezes, seizures and other amounts with restricted ownership or use rights, please refer to the description of "Assets with restricted ownership or use rights" in VII. Item Notes (31) of the Consolidated Financial Statements.

2. For details of foreign currency monetary funds, please refer to the description of "Foreign Currency Monetary Items" in VII. Notes to Consolidated Financial Statement Items (81).

3. Bank deposits include undue interest receivable of RMB 94,836.24; the company's monetary funds with restricted use rights are RMB 2,868,909.83, including bill deposits of RMB 2,808,909.83 and frozen funds of RMB 60,000.00.

4. Trading financial assets

Unit: Yuan Item Ending balance Beginning balance

Among them:

Among them:

Other instructions

None

3. Derivative financial assets

Unit: Yuan

Item Ending balance Beginning balance

Other instructions

None

4. Notes receivable

(1) Classified presentation of notes receivable

Unit: Yuan

Item Ending balance Beginning balance

Bank acceptance notes 6,837,350.42 10,607,038.23 Commercial acceptance notes 1,700,000.00 8,067,532.93 Bad debt provisions -321,972.00 -583,879.65 Total 8,215,378.42 18,090,691.51

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Category

Book balance Bad debt provision Book price Book balance Bad debt provision Book price

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Provision Ratio Provision Ratio Amount Ratio Amount Amount Ratio Amount

Example Example

By item

bad provision

300,000 300,000 300,000 300,000

Account provision 3.51% 100.00% 0.00 1.61% 100.00% 0.00

.00 .00 .00 .00

receivables

bill

its

Medium:

by combination

bad provision

8,237,3 21,972. 8,215,3 18,374, 283,879 18,090, Account provision 96.49% 0.27% 98.39% 1.54%

50.42 00 78.42 571.16 .65 691.51 receivables

bill

its

Medium:

Bank undertakes

6,537,3 6,537,3 10,307, 10,307, Exchange of draft 76.58% 0.00 0.00% 55.19% 0.00 0.00%

50.42 50.42 038.23 038.23 combination

commercial undertaking

1,700,0 21,972. 1,678,0 8,067,5 283,879 7,783,6 Exchange draft 19.91% 1.29% 43.20% 3.52%

00.00 00 28.00 32.93 .65 53.28 combination

8,537,3 321,972 8,215,3 18,674, 583,879 18,090, total 100.00% 3.77% 100.00% 3.13%

50.42 .00 78.42 571.16 .65 691.51 Provision for bad debts on an individual basis: 300,000.00

Unit: Yuan

Beginning balance Closing balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Ningxia Pagoda Energy

300,000.00 300,000.00 300,000.00 300,000.00 100.00% Overdue and unaccepted Chemical Co., Ltd.

Total 300,000.00 300,000.00 300,000.00 300,000.00

Provision for bad debts on a group basis: 21,972.00

Unit: Yuan

Ending balance

Name

Book balance Bad debt provision Provision ratio

Bank acceptance bill portfolio 6,537,350.42 0.00 0.00% Commercial acceptance bill portfolio 1,700,000.00 21,972.00 1.29% Total 8,237,350.42 21,972.00

Description of what this combination is based on:

Item Book balance (yuan) Bad debt provision (yuan) Provision ratio (%)

Within 6 months 1,260,560.00 - -

7-12 months 439,440.00 21,972.00 5

Subtotal 1,700,000.00 21,972.00 1.29

If bad debt provisions for notes receivable are made according to the general expected credit loss model:

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. □Applicable Not applicable

(3) Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or transfer Write-off Others

Provision for bad debts based on individual items 300,000.00 300,000.00 Provision for bad debts based on combinations 283,879.65 261,907.65 21,972.00Total 583,879.65 261,907.65 321,972.00 Among them, the amount of bad debt provision recovery or reversal in the current period is important:

□Applicable Not applicable

(4) Notes receivable pledged by the company at the end of the period

Unit: Yuan Project Amount pledged at the end of the period

(5) Notes receivable that have been endorsed or discounted by the company at the end of the period and have not yet matured on the balance sheet date

Unit: Yuan Item Amount derecognized at the end of the period Amount not derecognized at the end of the period

Bank acceptance notes 1,948,204.70 Total 1,948,204.70

(6) Notes receivable actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of bills receivable:

Unit: Whether the Yuan amount is paid by the related unit, nature of the note receivable, write-off amount, reason for write-off, write-off procedures performed

transaction generated

Instructions for writing off notes receivable:

None

5. Accounts receivable

(1) Disclosure based on aging

Unit: Yuan Aging Book balance at the end of the period Book balance at the beginning of the period

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Within 1 year (including 1 year) 166,148,586.64 126,226,529.28 Of which: Within 6 months 151,268,461.21 109,436,063.96 7-12 months 14,880,125.43 16,790,465.32 1 to 2 years 2,302,613.14 2,449,842.65 2 to 3 years 1,314,444.38 2,708,543.80 More than 3 years 7,050,343.77 4,916,369.98 3 to 4 years 2,133,997.26

4 to 5 years 0.00

More than 5 years 4,916,346.51 4,916,369.98 Total 176,815,987.93 136,301,285.71

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

By item

bad provision

9,125,9 8,842,6 283,267 9,569,3 9,064,3 504,979Account provision 5.16% 96.90% 7.02% 94.72%

38.15 70.55 .60 60.95 81.95 .00 receivables

Accounts

its

Medium:

by combination

bad provision

167,690 1,228,8 166,461 126,731 1,268,2 125,463Account provision 94.84% 0.73% 92.98% 1.00%

,049.78 24.08 ,225.70 ,924.76 98.77 ,625.99 receivable

Accounts

its

Medium:

Aging group 167,690 1,228,8 166,461 126,731 1,268,2 125,463

94.84% 0.73% 92.98% 1.00%

Together,049.78 24.08,225.70,924.76 98.77,625.99

176,815 10,071, 166,744 136,301 10,332, 125,968Total 100.00% 5.70% 100.00% 7.58%

,987.93 494.63 ,493.30 ,285.71 680.72 ,604.99 Provision for bad debts on an individual basis: 8,842,670.55

Unit: Yuan Beginning balance Ending balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Beijing Jingyuntong Technology

1,009,958.00 504,979.00 566,535.20 283,267.60 50.00% It is expected that it will be difficult to recover the joint-stock company

Jiangxi Shunyuan Electronics Co., Ltd.

2,071,050.41 2,071,050.41 2,071,050.41 2,071,050.41 100.00% It is expected to be difficult to recover Technology Co., Ltd.

Taicang Tianyu Electronics Co., Ltd.

1,728,253.65 1,728,253.65 1,728,253.65 1,728,253.65 100.00% It is expected to be difficult to recover Co., Ltd.

Changzhou New District Jiaqi Electric

1,452,982.80 1,452,982.80 1,452,982.80 1,452,982.80 100.00% Expected to be difficult to recover Sub-Products Co., Ltd.

Jiangsu Rongbang Microelectronics 1,274,500.00 1,274,500.00 1,274,500.00 1,274,500.00 100.00% Expected to be difficult to recover

Full text of 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd.

Jining Loongson Electronics

653,632.64 653,632.64 653,632.64 653,632.64 100.00% It is expected that it will be difficult to recover Technology Co., Ltd.

Yangzhou Rongde New Energy

601,286.25 601,286.25 601,286.25 601,286.25 100.00% It is expected that it will be difficult to recover Technology Co., Ltd.

Benxi Fred Electronics

519,064.00 519,064.00 519,064.00 519,064.00 100.00% It is expected to be difficult to recover Technology Co., Ltd.

Kunshan Yingjing Electronics Co., Ltd.

144,211.30 144,211.30 144,211.30 144,211.30 100.00% It is expected that it will be difficult to recover Technology Co., Ltd.

Tianjin Fred Electronics

114,421.90 114,421.90 114,421.90 114,421.90 100.00% It is expected that it will be difficult to recover Technology Co., Ltd.

Total 9,569,360.95 9,064,381.95 9,125,938.15 8,842,670.55

Provision for bad debts on a group basis: 1,228,824.08

Unit: Yuan ending balance

Name

Book balance Bad debt provision Provision ratio

Aging combination 167,690,049.78 1,228,824.08 0.73% Total 167,690,049.78 1,228,824.08

Description of what this combination is based on:

Item Book balance (yuan) Bad debt provision (yuan) Provision ratio (%)

Within 1 year (including 1 year) 166,018,586.64 739,506.27 0.45

Among them: within 6 months 151,228,461.21 - 0.00

7-12 months 14,790,125.43 739,506.27 5.00 1-2 years 1,214,944.74 242,988.95 20.00 2-3 years 300,270.78 90,081.24 30.00 More than 5 years 156,247.62 156,247.62 100.00 Subtotal 167,690,049.78 1,228,824.08 0.73 If the provision for bad debts of accounts receivable is made according to the general expected credit loss model:

□Applicable Not applicable

(3) Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Beginning Balance Ending Balance

Provision Recovery or transfer Write-off Others

Provision for bad debts based on individual items 9,064,381.95 20,000.00 241,711.40 8,842,670.55 Provision for bad debts based on combinations 1,268,298.77 -39,474.69 1,228,824.08

10,071,494.6 Total 10,332,680.72 -19,474.69 241,711.40

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Unit: Yuan Determine the name of the original bad debt provision accrual unit Amount recovered or reversed Reason for reversal Method of recovery Basis and rationality of the proportion

None

(4) Accounts receivable actually written off in the current period

Unit: yuan item write-off amount

Important write-offs of accounts receivable:

Unit: Yuan Whether the amount is paid by the name of the related unit Nature of accounts receivable Write-off amount Reason for write-off Performed write-off procedures

transaction generated

Instructions for writing off accounts receivable:

None

(5) Accounts receivable and contract assets with the top five closing balances collected by debtors

Unit: Yuan accounted for accounts receivable and combined accounts receivable bad debts quasi accounts receivable and contracts

Unit name Closing balance of accounts receivable Closing balance of contract assets Closing balance of same assets Provisions and contract assets minus closing balance of assets

Proportion of total value First place in the closing balance of value preparation 38,354,693.73 38,354,693.73 21.69% 651,674.98 Second place 12,956,222.30 12,956,222.30 7.33%

Third place 8,545,915.98 8,545,915.98 4.83%

Fourth place 6,832,138.58 6,832,138.58 3.86% 30,000.00 Fifth place 6,233,408.08 6,233,408.08 3.53%

Total 72,922,378.67 72,922,378.67 41.24% 681,674.98

6. Contract assets

(1) Contract assets

Unit: Yuan Ending balance Beginning balance

Project

Book balance Bad debt provision Book value Book balance Bad debt provision Total book value 0.00

(2) Amount and reasons of major changes in book value during the reporting period

Unit: Yuan Item Amount of change Reason for change

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (3) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Category Book balance Provision for bad debts Book balance Provision for bad debts Book price Book value

Amount Proportion Amount Provision Proportion Amount Proportion Amount Provision Proportion Value Among them:

Among them:

Provision for bad debts based on the general expected credit loss model

□Applicable Not applicable

(4) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Item Provision in the current period Recovery or transfer in the current period Write-off/write-off in the current period Reasons

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other instructions

None

(5) Contract assets actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of contract assets

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Instructions for write-off of contract assets:

None

Other notes:

None

7. Accounts receivable financing

(1) Classified presentation of financing receivables

Unit: Yuan Zhejiang Zhongjing Technology Co., Ltd. Full text of 2026 semi-annual report

Item Ending balance Beginning balance

Bank acceptance bills with higher credit rating 54,923,470.97 63,102,727.04 Total 54,923,470.97 63,102,727.04

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Category Book balance Bad debt provision Book balance Bad debt provision

Book value Book value amount Proportion Amount Provision proportion Amount Proportion Amount Provision proportion

Among them:

by combination

54,923, 54,923,4 63,102, 63,102,7 Bad provision 100.00% 100.00%

470.97 70.97 727.04 27.04Account preparation

Among them:

Bank undertakes

54,923, 54,923,4 63,102, 63,102,7 Exchange of draft 100.00% 100.00%

470.97 70.97 727.04 27.04 combination

54,923, 54,923,4 63,102, 63,102,7 Total 100.00% 100.00%

470.97 70.97 727.04 27.04 Provision for bad debts on an individual basis: 0

Unit: Yuan Beginning balance Ending balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Bad debt provision is made individually 0.00 0.00 0.00 0.00 0.00%

Total 0.00 0.00 0.00 0.00

Provision for bad debts by combination: 0

Unit: Yuan ending balance

Name

Book balance Bad debt provision Provision ratio

Bank acceptance bill portfolio 54,923,470.97 0.00 0.00% Total 54,923,470.97 0.00

Description of what this combination is based on:

None

Provision for bad debts based on the general expected credit loss model

Unit: Yuan Phase 1 Phase 2 Phase 3

Expected credit throughout the lifetime Credit expected throughout the lifetime

Provision for bad debts Expected credit in the next 12 months Total

Loss (no credit deduction has occurred Loss (credit deduction has occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. is not available

Explanation of significant changes in the book balance of accounts receivable financing that have experienced changes in loss provisions in the current period:

(3) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

(4) Financing of the company’s pledged receivables at the end of the period

Unit: Yuan Project Amount pledged at the end of the period

(5) Financing of receivables that have been endorsed or discounted by the company at the end of the period and have not yet matured on the balance sheet date

Unit: Yuan Item Amount derecognized at the end of the period Amount not derecognized at the end of the period

(6) Financing of receivables actually written off in the current period

Unit: yuan item write-off amount

Important financing write-offs of receivables

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

(7) Increases and decreases in receivables financing during the current period and changes in fair value

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (8) Other instructions

Unit: Yuan Item Beginning amount Change in cost during the period Change in fair value during the period Ending amount

Bank acceptance bills with higher credit ratings 63,102,727.04 -8,179,256.07 - 54,923,470.97 Continued from the above table:

Unit: Yuan Cumulative other comprehensive income items Beginning cost Closing cost Cumulative fair value changes

Loss provisions recognized in bank acceptance bills with higher credit ratings 63,102,727.04 54,923,470.97 - -

8. Other receivables

Unit: Yuan Item Ending balance Beginning balance

Other receivables 1,936,379.65 1,636,011.86 Total 1,936,379.65 1,636,011.86 (1) Interest receivable

1. Classification of interest receivable

Unit: Yuan Item Ending balance Beginning balance

2. Important overdue interest

Unit: Yuan Whether impairment occurs and the borrowing unit is judged. Ending balance Overdue time Reason for overdue

Judgment basis

Other notes:

None

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Category Opening balance Amount of changes in the current period Closing balance

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Provision, recovery or transfer, write-off or write-off, other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

None

5. Interest receivable actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of interest receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

None

Other notes:

None

(2) Dividends receivable

1. Classification of dividends receivable

Unit: yuan project (or invested unit) Closing balance Opening balance

2. Important dividends receivable aged more than 1 year

Unit: Yuan project (or invested unit) Whether impairment has occurred and its balance at the end of the judgment period Aging Reason for non-recovery

bit) Breaking basis

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Amount of changes in the current period

Category Beginning Balance Ending Balance

Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its reasonableness

sex

Other notes:

None

5. Dividends receivable actually written off in the current period

Unit: Yuan

Item Write-off Amount

Among them, the important write-off of dividends receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

Instructions for writing off transactions:

None

Other notes:

None

(3) Other receivables

1. Classification of other receivables according to nature of payment

Unit: Yuan

Nature of payment Book balance at the end of the period Book balance at the beginning of the period

Security deposit 1,142,400.00 1,634,499.94 Current transactions, expenses, etc. 830,910.06 38,442.33 Total 1,973,310.06 1,672,942.27

2. Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 793,467.73 489,296.02 Within 6 months 792,467.73 489,099.94 7-12 months 1,000.00 196.08 1 to 2 years 196.08

2 to 3 years 50,075.00 50,000.00 More than 3 years 1,129,571.25 1,133,646.25

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

3 to 4 years 125.00 4,200.00 4 to 5 years 115.84 115.84

More than 5 years 1,129,330.41 1,129,330.41 Total 1,973,310.06 1,672,942.27

3. Classified disclosure according to bad debt accrual method

Applicable □Not applicable

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

By item

36,930. 36,930. 36,930. 36,930.

Bad provision 1.87% 100.00% 2.21% 100.00%

41 41 41 41

Account preparation

Among them:

by combination

1,936,3 1,936,3 1,636,0 1,636,0 Bad provision 98.13% 97.79%

79.65 79.65 11.86 11.86Account preparation

Among them:

Special group 1,936,3 1,936,3 1,636,0 1,636,0

98.13% 97.79%

Combined 79.65 79.65 11.86 11.86

1,973,3 36,930. 1,936,3 1,672,9 36,930. 1,636,0Total 100.00% 1.87% 100.00% 2.21%

10.06 41 79.65 42.27 41 11.86 Provision for bad debts on an individual basis: 36,930.41

Unit: Yuan Beginning balance Ending balance

Name Provision Ratio

Book balance Bad debt provision Book balance Bad debt provision Reason for provision

Example

Changzhou New District Jiaqi Electronic Products Co., Ltd. 25,488.00 25,488.00 25,488.00 25,488.00 100.00% It is expected that it will be difficult to recover Shenzhen Miyang Trading Co., Ltd. 3,237.00 3,237.00 3,237.00 3,237.00 100.00% It is expected to be difficult to recover Shanghai Sibai Electronic Technology Co., Ltd. 2,505.19 2,505.19 2,505.19 2,505.19 100.00% It is expected to be difficult to recover Zhongshan Fengsheng Industrial Co., Ltd. 2,010.51 2,010.51 2,010.51 2,010.51 100.00% It is expected to be difficult to recover Lianyungang Dade Quartz Products Co., Ltd. 944.44 944.44 944.44 944.44 100.00% It is expected to be difficult to recover Shenzhen Hengxingxing Precision Instrument Co., Ltd. 680.00 680.00 680.00 680.00 100.00% It is expected to be difficult to recover Shanghai Crystal Magnetic Instrument Co., Ltd. 600.00 600.00 600.00 600.00 100.00% It is expected to be difficult to recover Yuyao Jintai Instrument Co., Ltd. 550.00 550.00 550.00 550.00 100.00% It is expected to be difficult to recover Shanghai Tianze Pipe Industry Co., Ltd. 450.00 450.00 450.00 450.00 100.00% It is expected to be difficult to recover Wuxi Jiangnan Hydraulic Parts Factory 220.00 220.00 220.00 220.00 100.00% It is expected to be difficult to recover Yantai Fushan Flowmeter Factory 211.97 211.97 211.97 211.97 100.00% It is expected to be difficult to recover Shanghai Sile Optoelectronic Materials Co., Ltd. 33.00 33.00 33.00 33.00 100.00% It is expected to be difficult to recover Shenzhen Zhenyipin Trading Co., Ltd. 0.20 0.20 0.20 0.20 100.00% It is expected to be difficult to recover Hangzhou Fuyang Xianmingta Foam Plastic Machinery Co., Ltd.

0.10 0.10 0.10 0.10 100.00% It is expected that it will be difficult to recover the company

Total 36,930.41 36,930.41 36,930.41 36,930.41

Provision for bad debts by combination: 0

Unit: Yuan

Name Ending Balance

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report Book balance Bad debt provision Provision ratio

Special combination 1,936,379.65

Total 1,936,379.65

Description of what this combination is based on:

None

Provision for bad debts is made based on the general expected credit loss model:

Unit: Yuan Phase 1 Phase 2 Phase 3

Bad debt provision Expected for the next 12 months Expected credit losses throughout the entire duration Expected credit losses throughout the duration Total credit losses Loss (no credit impairment has occurred) Loss (credit impairment has occurred)

Balance on January 1, 2026 36,930.41 36,930.41 Balance on January 1, 2026 in the current period

Balance on June 30, 2026 36,930.41 36,930.41 Basis for division of each stage and proportion of provision for bad debts

For details on the basis for dividing each stage, please refer to the description of "Impairment of Financial Instruments" in 10(5) of V. Important Accounting Policies and Accounting Estimates.

At the end of the period, the provision ratio for bad debt provisions for the first stage of the company's other receivables is 0.00%, the provision ratio for bad debt provisions for the second stage is 0.00%, and the provision ratio for bad debt provisions for the third stage is 100.00%.

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

None

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

None

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. 5) Other receivables actually written off in the current period

Unit: yuan item write-off amount

Important write-offs of other receivables:

Unit: Whether the Yuan amount is paid by the related unit. Nature of other receivables. Write-off amount. Reason for write-off. Write-off procedures performed.

Instructions for writing off other receivables arising from transactions:

None

6. Other receivables with the top five closing balances based on debtors

Unit: Yuan accounted for other receivable period

Name of the unit with the ending balance of bad debt provision Nature of the payment Ending balance Aging Total ending balance

Amount ratio

First Place Margin 1,092,400.00 More than 5 years 55.36%

Second place: Current transactions, expenses, etc. 584,793.00 Within 6 months 29.64%

Third place: current transactions, expenses, etc. 150,880.00 Within 6 months 7.65%

Fourth place margin 50,000.00 2-3 years 2.53%

Fifth place: Current transactions, expenses, etc. 43,645.34 Within 6 months 2.21%

Total 1,921,718.34 97.39%

7. Presented in other receivables due to centralized management of funds

Unit: Yuan Other instructions:

None

9. Advance payment

(1) Prepayments are listed based on aging

Unit: Yuan Ending balance Beginning balance

Aging

Amount Proportion Amount Proportion Within 1 year 1,047,571.09 100.00% 584,829.67 100.00% Total 1,047,571.09 584,829.67

Explanation of the reasons why prepayments with an aging of more than 1 year and significant amounts are not settled in a timely manner:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(2) Prepayments with the top five ending balances by prepayment objects

The cumulative amount of the top five prepayments collected by prepayment objects at the end of this period was 656,654.61 yuan, accounting for 62.68% of the total prepayments at the end of the period. Other notes:

No obvious signs of impairment were found in prepayments at the end of the period, so no impairment provision was made.

10. Inventory

Whether the company needs to comply with the real estate industry’s disclosure requirements

No

(1) Inventory classification

Unit: Yuan Ending balance Beginning balance

Provision for inventory decline Provision for inventory decline

Project

Book balance or contract performance costs Book value Book balance or contract performance costs Book value

This impairment provision This impairment provision

33,068,327.2 23,094,050.7 21,673,234.0 13,161,441.1 Raw materials 9,974,276.46 8,511,792.89

0 4 5 6 18,990,656.5 17,058,701.3 14,015,308.7 11,505,391.1 Work in progress 1,931,955.20 2,509,917.60

7 7 4 4 114,985,235. 52,076,790.2 62,908,445.6 129,610,484. 64,101,033.4 65,509,451.0 Inventory products

84 1 3 47 5 2 Turnover materials 5,035,719.95 1,879,439.20 3,156,280.75 3,912,162.93 1,128,406.18 2,783,756.75 15,598,510.0 15,046,618.2 10,996,523.5 10,253,802.7 Goods shipped 551,891.79 742,720.79

5 6 8 9 Commissioned processing materials 5,473,681.35 5,473,681.35 3,451,842.49 3,451,842.49 193,152,130. 66,414,352.8 126,737,778. 183,659,556. 76,993,870.9 106,665,685.Total

96 6 10 26 1 35

(2) Data resources confirmed as inventory

Unit: Yuan

Self-processed data resources Data obtained through other means

Item Outsourced data resource inventory Total

Inventory Resource Inventory

None

(3) Provision for inventory depreciation and provision for impairment of contract performance costs

Unit: Yuan

Increase amount in this period Decrease amount in this period

Item Beginning balance Closing balance

Provision Others Reversal or write-off Others

Raw materials 8,511,792.89 4,892,400.14 3,429,916.57 9,974,276.46 Products in progress 2,509,917.60 1,931,955.20 2,509,917.60 1,931,955.20 64,101,033.4 16,484,957.6 28,509,200.8 52,076,790.2 Inventory goods

5 0 4 1 Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text Turnover Materials 1,128,406.18 1,324,970.32 573,937.30 1,879,439.20 Goods issued 742,720.79 551,891.79 742,720.79 551,891.79 76,993,870.9 25,186,175.0 35,765,693.1 66,414,352.8Total

1 5 0 6

Category Specific basis for determining net realizable value Reasons for writing off inventory depreciation provisions in the current period The estimated selling price of related finished products minus the estimated costs to be incurred to completion, estimated sales expenses, and

Raw materials have been used in this issue

The amount after relevant taxes and fees determines the net realizable value

The estimated selling price of the relevant finished goods minus the estimated costs to be incurred to completion, the estimated selling expenses and

Products in progress Already used in this issue

The amount after relevant taxes and fees determines the net realizable value

The estimated selling price of the relevant finished goods minus the estimated costs to be incurred to completion, the estimated selling expenses and

Turnover materials have been used in this period

The amount after relevant taxes and fees determines the net realizable value

The net realizable value of inventory goods and finished goods is determined by the estimated selling price minus estimated sales expenses and related taxes. Sold in the current period

Goods shipped. The selling price of goods shipped minus estimated sales expenses and related taxes determines its net realizable value. Sold in the current period

Provision for inventory decline in value on a group basis

Unit: End of Yuan period Beginning of period

Portfolio name Provision for price decline Provision for decline in price Closing balance of provision for decline in price Provision for decline in price Opening balance Provision for decline in price

Proportion Proportion

Standards for accruing inventory depreciation provisions on a group basis

None

(4) Explanation that the closing balance of inventory includes the capitalized amount of borrowing costs

None

(5) Explanation of the amortization amount of contract performance costs for the current period

None

11. Assets held for sale

Unit: Yuan Item Book balance at the end of the period Impairment provision Book value at the end of the period Fair value Estimated disposal costs Estimated disposal time Other instructions

None

12. Non-current assets due within one year

Unit: Yuan Item Ending balance Beginning balance

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (1) Debt investments due within one year

□Applicable Not applicable

(2) Other debt investments due within one year

□Applicable Not applicable

13. Other current assets

Unit: Yuan Item Ending balance Beginning balance

Value-added tax to be deducted 314,011.25 441,915.06 Prepaid income tax 0.01 129,374.92 Total 314,011.26 571,289.98 Compensatory asset related information

Other notes:

None

14. Debt investment

(1) Situation of debt investment

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Changes in book value Debt investment impairment provision for the period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

(2) Important debt investments at the end of the period

Unit: Yuan Ending balance Beginning balance

claims

Coupon interest Actual interest Overdue principal Coupon interest Actual interest Overdue principal Face value Maturity date Face value Maturity date

Rate Rate Gold Rate Rate Gold (3) Impairment provision accrual

Unit: Yuan Phase 1 Phase 2 Phase 3

Provision for bad debts Total

Expected credit for the next 12 months Expected credit for the entire duration Expected credit for the entire duration

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Loss (no credit deduction has occurred Loss (credit deduction has occurred)

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

None

(4) Debt investment actually written off in this period

Unit: yuan item write-off amount

Among them, the important write-off of debt investment

Debt investment write-off instructions:

None

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

Other notes:

None

15. Other debt investments

(1) Situation of other debt investments

Unit: Yuan Accumulative fair in other comprehensive income for the period Accumulative fair

Item Opening balance Accrued interest Interest adjustment Closing balance Cost Recognition in profit Remarks Value changes Value changes

provision for impairment

Changes in impairment provisions for other debt investments during the current period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

(2) Other important debt investments at the end of the period

Unit: Yuan Ending balance Beginning balance

Other debts

Coupon profit Actual profit Overdue capital Coupon profit Actual profit Overdue capital item Par value Maturity date Par value Maturity date rate Rate Gold rate Rate Gold Full text of 2026 Semi-annual Report of Zhejiang Zhongjing Technology Co., Ltd. (3) Impairment provision accrual

Unit: Yuan Phase 1 Phase 2 Phase 3

Bad debt provision Expected credit losses throughout the entire duration Expected credit losses throughout the duration Total expected credit losses in the next 12 months

Loss (no credit impairment occurred) Loss (credit impairment occurred)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

None

(4) Other debt investments actually written off in the current period

Unit: yuan item write-off amount

Among them, the write-off of other important debt investments

Instructions for write-off of other debt investments:

None

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

Other notes:

None

16. Investment in other equity instruments

Unit: Yuan Designated as fair value included in the current period Included in the current period Accumulated at the end of the period Accumulated at the end of the period

Recognized and measured in the current period and its other comprehensive Other comprehensive accounting is included in its Other comprehensive accounting is included in its

Item name Dividend income at the beginning of the period Dividend income at the end of the period Changes included in income Loss of income Other comprehensive income Other comprehensive income

Income Other comprehensive gains and losses Gains and losses

reason for gain

There is termination confirmation in this period

Unit: yuan Project name Accumulated gains transferred to retained earnings Accumulated losses transferred to retained earnings Reasons for derecognition

Disclosure of non-trading equity instrument investments in the current period by items

Unit: Dividend income recognized in yuan Other comprehensive income Designated as fair Name of other comprehensive income items Cumulative gains Cumulative losses

Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text The amount transferred into retained earnings is measured in value and the change in the amount transferred into retained earnings is included in other reasons for comprehensive income.

Because

Other notes:

None

17. Long-term receivables

(1) Long-term receivables

Unit: Yuan Ending balance Beginning balance

Item Discount rate range Book balance Bad debt provision Book value Book balance Bad debt provision Book value

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value Example

Among them:

Among them:

Provision for bad debts based on the general expected credit loss model

Unit: Yuan Phase 1 Phase 2 Phase 3

Expected credit throughout the lifetime Credit expected throughout the lifetime

Provision for bad debts Expected credit in the next 12 months Total

Loss (no credit deduction has occurred Loss (credit deduction has occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

None

(3) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit Amount recovered or transferred back Reason for transfer Method of recovery

The basis for the proportion and its reasonableness

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Other descriptions of sex:

None

(4) Long-term receivables actually written off in the current period

Unit: Yuan

Item Write-off Amount

Among them, the important write-off situation of long-term receivables:

Unit: Yuan

Whether the payment is made by the related entity, the nature of the payment, the write-off amount, the reason for the write-off, the write-off procedures performed

Instructions for writing off long-term receivables arising from transactions:

None

18. Long-term equity investment

Unit: Yuan

Increases and decreases in the current period

Declaration of equity at the beginning of the period Impairment at the end of the period Impairment of the invested balance Other Disbursement Balance Provision Other Accrual Reserve Fund Note (Account Addition Decrease Confirmation Comprehensive Cash (Account Addition Decrease Confirmation Comprehensive Cash (Accounting Period Equity Impairment Other Ending Position Par Price Investment Investment Income Dividends Par Price Balance Change Provision Balance Value) Capital Loss Adjustment or Profit)

profit

1. Joint ventures

2. Joint ventures

The recoverable amount is determined as the net amount after fair value minus disposal costs.

□Applicable Not applicable

The recoverable amount is determined based on the present value of expected future cash flows.

□Applicable Not applicable

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

None

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

None

Other instructions

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

19. Other non-current financial assets

Unit: Yuan Item Ending balance Beginning balance

Other notes:

None

20. Investment real estate

(1) Investment real estate using cost measurement model

□Applicable Not applicable

(2) Investment real estate using fair value measurement model

□Applicable Not applicable

(3) Converted to investment real estate and measured at fair value

Unit: Accounting Section before yuan conversion Amount of other comprehensive income items Reason for conversion Approval procedure Impact on profit and loss

Influence of the purpose (4) Investment real estate with uncompleted title certificates

Unit: Yuan Item Book value Reasons for not completing the property rights certificate

Other instructions

None

21. Fixed assets

Unit: Yuan Item Ending balance Beginning balance

Fixed assets 650,498,515.52 641,302,525.93 Total 650,498,515.52 641,302,525.93 (1) Fixed assets

Unit: Yuan office and other facilities

Items Houses and buildings Machinery and equipment Optoelectronic equipment Transportation Total

Prepare

1. Original books

Value:

1. Opening balance 412,079,139. 487,766,114. 24,128,057.0 4,291,676.95 9,185,378.42 937,450,367.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Amount 90 68 6 01 2. Increase in this period 35,337,279.2 41,836,541.6

3,768,497.33 366,972.48 461,752.21 1,902,040.40

Add amount 6 8 (1

321,318.57 461,752.21 475,640.23 1,258,711.01) Purchase

(2

35,015,960.6 40,577,830.6) Transfer of construction in progress 3,768,497.33 366,972.48 1,426,400.17

9 7 in

(3

) Business merger increases

add

3. Less for this period

0.00 62,294.59 0.00 0.00 47,638.09 109,932.68 Less amount

(1

3,002.55 47,638.09 50,640.64) Disposal or scrapping

(2) Transfer in

59,292.04 59,292.04Construction project

4. Ending balance 415,847,637. 523,041,099. 24,495,029.5 11,039,780.7 979,176,976.

4,753,429.16

Amount 23 35 4 3 01

2. Accumulated depreciation

1. Opening balance 96,827,356.9 176,865,197. 291,780,913.

7,944,329.78 3,628,299.89 6,515,728.74

Amount 1 82 14 2. Increase in this period 12,301,193.8 18,539,207.3 32,599,345.3

1,130,034.00 117,917.39 510,992.76

Add amount 1 5 1 (1 12,301,193.8 18,539,207.3 32,599,345.3

1,130,034.00 117,917.39 510,992.76

) Provision 1 5 1 3. Less for the current period

0.00 24,155.85 44,570.05 68,725.90 Less amount

(1

2,852.43 44,570.05 47,422.48) Disposal or scrapping

(2) Transfer in

21,303.42 21,303.42Construction project

4. Ending balance 109,128,550. 195,380,249. 324,311,532.

9,074,363.78 3,746,217.28 6,982,151.45

Amount 72 32 55

3. Impairment provision

1. Balance at the beginning of the period

4,366,927.94 4,366,927.94 amount

2.Increase in this period

Add amount

(1

) accrual

3. Less for this period

small amount

(1

) disposal or scrapping

4. End of period balance

4,366,927.94 4,366,927.94 amount

4. Book value

1. Closing accounts 306,719,086. 323,293,922. 15,420,665.7 1,007,211.88 4,057,629.28 650,498,515. Full face value of Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report 51 09 6 52 2. Opening account 315,251,782. 306,533,988. 16,183,727.2 641,302,525. 663,377.06 2,669,649.68

Face value 99 92 8 93 (2) Temporarily idle fixed assets

Unit: Yuan Item Original book value Accumulated depreciation Impairment provision Book value Remarks

Machinery and equipment 69,465,283.95 21,123,590.17 4,366,927.95 43,974,765.83

(3) Fixed assets leased through operating leases

Unit: Yuan Item Closing book value

(4) Fixed assets whose property rights certificates have not been obtained

Unit: Yuan Item Book value Reasons for not completing the property rights certificate

New material factory building 147,301,369.85 Still in process

Subtotal 147,301,369.85

Other instructions

None

(5) Impairment testing of fixed assets

□Applicable Not applicable

(6) Fixed assets liquidation

Unit: Yuan Item Ending balance Beginning balance

Other notes:

None

22. Projects under construction

Unit: Yuan Item Ending balance Beginning balance

Construction in progress 12,814,312.61 9,956,399.96 Total 12,814,312.61 9,956,399.96 (1) Construction in progress

Unit: Yuan Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text Closing Balance Opening Balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value in installed equipment 12,814,312.61 12,814,312.61 9,956,399.96 9,956,399.96 Total 12,814,312.61 12,814,312.61 9,956,399.96 9,956,399.96 (2) Changes in important projects under construction during the current period

Unit: Yuanqi

Engineering

Interest in this period:

Current period Cumulative Current period

Capital transferred in this period This period

Project Budget Beginning of Period Others End of Period Investment Project Interest Increase in Funds Fixed Accumulated Interest

Name Number Balance Decrease Balance Accounting for Advance Progress Capital Source Amount Asset Accounting Capital

Amount calculation ratio

Amount Amount Funding

Example

Um

(3) Provision for impairment of projects under construction in the current period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Closing balance Other explanations for the reasons for provision

None

(4) Impairment testing of projects under construction

□Applicable Not applicable

(5) Engineering materials

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Other instructions for book value:

None

23. Productive biological assets

(1) Productive biological assets using cost measurement model

□Applicable Not applicable

(2) Impairment testing of productive biological assets using the cost measurement model

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(3) Productive biological assets using fair value measurement model

□Applicable Not applicable

24. Oil and gas assets

□Applicable Not applicable

25. Right-of-use assets

(1) Right-of-use assets

Unit: Yuan

Item House and building rental Total

1. Original book value

1. Opening balance 4,017,472.60 4,017,472.60 2. Increase in the current period 892,696.74 892,696.74 3. Decrease in the current period

2. Ending balance 4,910,169.34 4,910,169.34

2. Accumulated depreciation

1. Balance at the beginning of the period 2,320,188.56 2,320,188.56 2. Increase in the current period 1,074,570.50 1,074,570.50

(1) Provision 1,074,570.50 1,074,570.50 3. Decrease amount in the current period

(1) Disposal

4. Closing balance 3,394,759.06 3,394,759.06

3. Impairment provision

1. Opening balance

2. Increase amount in this period

(1) Provision

3. Reduction amount in this period

(1) Disposal

4. Ending balance

4. Book value

1. Book value at the end of the period 1,515,410.28 1,515,410.28 2. Book value at the beginning of the period 1,697,284.04 1,697,284.04

(2) Impairment testing of right-of-use assets

□Applicable Not applicable

Other notes:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

26. Intangible assets

(1) Intangible assets

Unit: Yuan

Project Land use rights Patent rights Non-patented technology Software Total

1. Original book value

1. Opening balance 74,738,047.63 11,640,000.00 3,599,001.31 89,977,048.94 2. Increase in the current period

(1) Purchase

(2) Internal research and development

(3) Increase in business mergers

3. Reduction amount in this period

(1) Disposal

4. Closing balance 74,738,047.63 11,640,000.00 3,599,001.31 89,977,048.94

2. Accumulated amortization

1. Opening balance 8,830,650.91 10,468,666.49 1,474,031.74 20,773,349.14 2. Increase in the current period 780,626.52 1,003,999.98 183,664.95 1,968,291.45

(1) Provision 780,626.52 1,003,999.98 183,664.95 1,968,291.45 3. Decrease amount in the current period

(1) Disposal

4. Closing balance 9,611,277.43 11,472,666.47 1,657,696.69 22,741,640.59

3. Impairment provision

1. Opening balance

2. Increase amount in this period

(1) Provision

3. Reduction amount in this period

(1) Disposal

4. Ending balance

4. Book value

1. Book value at the end of the period 65,126,770.20 167,333.53 1,941,304.62 67,235,408.35 2. Book value at the beginning of the period 65,907,396.72 1,171,333.51 2,124,969.57 69,203,699.80 The proportion of intangible assets formed through the company’s internal research and development at the end of the period to the balance of intangible assets

(2) Data resources recognized as intangible assets

Unit: Yuan

Self-developed data resources

Item Intangible assets of outsourced data resources Intangible assets of data resources acquired in other ways Total

intangible assets

(3) Land use rights for which property rights certificates have not been obtained

Unit: Yuan

Item Book value Reasons for not completing the property rights certificate

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Other explanations

(4) Impairment testing of intangible assets

□Applicable Not applicable

27. Goodwill

(1) Original book value of goodwill

Unit: Yuan

Increase in this period Decrease in this period

Name of the invested unit or events that formed goodwill. Beginning balance. Closing balance.

Disposal resulting from business combination

Xi'an Zhongjing Semiconductor Materials Co., Ltd. 1,159,692.87 1,159,692.87 Total 1,159,692.87 1,159,692.87 (2) Goodwill impairment provision

Unit: Yuan

Increase in this period Decrease in this period

Name of the invested unit or events that formed goodwill. Beginning balance. Closing balance.

Provision Disposal

Xi'an Zhongjing Semiconductor Materials Co., Ltd. 1,159,692.87 1,159,692.87 Total 1,159,692.87 1,159,692.87 (3) Information related to the asset group or asset group combination where the goodwill is located

The composition of the asset group or portfolio to which it belongs and

Name, operating segment and basis. Is it consistent with previous years?

Basis

Changes in asset group or asset group combination

Name Composition before the change Composition after the change Objective facts and basis for the change Other explanations

(4) Specific determination method of recoverable amount

The recoverable amount is determined as the net amount after fair value minus disposal costs.

□Applicable Not applicable

The recoverable amount is determined based on the present value of expected future cash flows.

□Applicable Not applicable

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

None

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(5) Completion of performance commitments and corresponding impairment of goodwill

There is a performance commitment when goodwill is formed and the reporting period or the previous period of the reporting period is within the performance commitment period

□Applicable Not applicable

Other instructions

None

28. Long-term deferred expenses

Unit: Yuan

Item Beginning balance Increase in the current period Amortization in the current period Other decreases Other explanations on the closing balance

None

29. Deferred income tax assets/deferred income tax liabilities

(1) Deferred income tax assets without offset

Unit: Yuan Ending balance Beginning balance

Project

Deductible temporary differences Deferred income tax assets Deductible temporary differences Deferred income tax assets Asset impairment provision 70,781,280.80 13,144,034.94 81,360,798.85 15,526,214.71 Unrealized profits from internal transactions 24,090,874.22 3,151,084.26 20,310,366.56 2,705,536.36 Deductible losses 220,586,258.06 51,391,684.99 211,662,956.42 47,550,278.09 Government subsidies 47,629,958.00 9,714,673.93 49,274,861.45 10,044,581.08 Bad debt provision 10,430,397.04 919,136.31 10,953,490.78 995,365.20 Lease liabilities 553,556.74 42,805.62 1,755,264.05 192,083.63 Total 374,072,324.86 78,363,420.05 375,317,738.11 77,014,059.07

(2) Deferred income tax liabilities without offset

Unit: Yuan Ending balance Beginning balance

Project

Taxable temporary differences Deferred income tax liabilities Taxable temporary differences Deferred income tax liabilities Fixed assets one-time deduction before tax 13,506,443.05 2,025,966.46 14,734,608.62 2,210,191.29 Right-of-use assets 1,515,410.28 90,898.29 1,697,284.04 190,758.74 Total 15,021,853.33 2,116,864.75 16,431,892.66 2,400,950.03

(3) Deferred income tax assets or liabilities presented on a net basis after offsetting

Unit: Yuan Deferred income tax assets and liabilities Deferred income tax assets after offset Deferred income tax assets and liabilities Deferred income tax items after offset

Offset amount at the end of the debt period Ending balance of assets or liabilities Offset amount at the beginning of the debt period Deferred income tax assets 78,363,420.05 77,014,059.07 Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full text Deferred income tax liabilities 2,116,864.75 2,400,950.03 (4) Details of unrecognized deferred income tax assets

Unit: Yuan Item Ending balance Beginning balance

(5) Deductible losses that have not been recognized as deferred income tax assets will expire in the following years

Unit: Year Ending amount Beginning amount Remarks

Other instructions

None

30. Other non-current assets

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value Prepaid equipment project payment 10,996,536.40 10,996,536.40 717,896.99 717,896.99 Total 10,996,536.40 10,996,536.40 717,896.99 717,896.99 Information related to compensating assets

Other notes:

None

31. Assets whose ownership or use rights are restricted

Unit: End of Yuan period Beginning of period

Project

Book balance Book value Restriction type Restriction situation Book balance Book value Restriction type Restriction situation Bank acceptance Bank acceptance 2,868,909 2,868,909 Margin, bill of exchange guarantee 2,159,972 2,159,972 Margin, bill of exchange guarantee monetary funds

.83 .83 Frozen funds, frozen .00 .00 Frozen funds, frozen funds

2,868,909 2,868,909 2,159,972 2,159,972

total

.83 .83 .00 .00

Other notes:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

32. Short-term borrowing

(1) Classification of short-term loans

Unit: Yuan Item Ending balance Beginning balance

Credit borrowings 43,773,515.63 50,029,166.67 Discounted letters of credit 34,780,882.51 29,594,239.71 Total 78,554,398.14 79,623,406.38 Description of the classification of short-term borrowings:

None

(2) Overdue short-term borrowings that have not been repaid

The total amount of overdue and unpaid short-term borrowings at the end of this period was RMB 0.00, among which the important overdue and unpaid short-term borrowings are as follows:

Unit: yuan borrowing unit Ending balance Borrowing interest rate Overdue time Overdue interest rate

Other instructions

None

33. Trading financial liabilities

Unit: Yuan Item Ending balance Beginning balance

Among them:

Among them:

Other notes:

None

34. Derivative financial liabilities

Unit: Yuan Item Ending balance Beginning balance

Other notes:

None

35. Notes payable

Unit: Yuan Type Ending balance Beginning balance

Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text Bank Acceptance Bill 32,519,846.17 17,027,647.54 Total 32,519,846.17 17,027,647.54 The total amount of bills payable that has expired and not been paid at the end of this period is 0.00 yuan, and the reason for unpaid due is none.

36. Accounts payable

(1) Presentation of accounts payable

Unit: Yuan

Item Ending balance Beginning balance

Within 1 year 110,894,987.15 81,663,513.20 1-2 years 1,752,416.18 7,830,820.71 2-3 years 4,524,059.72 13,341,271.25 More than 3 years 1,442,605.44 2,291,344.63 Total 118,614,068.49 105,126,949.79

(2) Important accounts payable that are aged more than 1 year or are overdue

Unit: Yuan

Item Closing balance Reason for outstanding or carried forward

Zhejiang Changxing Zhihong Construction Engineering Co., Ltd. 2,763,133.00 Long-term assets have not been settled yet

China Electronics System Engineering Second Construction Co., Ltd. 1,706,563.58 Long-term assets have not been settled yet

Total 4,469,696.58

Other notes:

None

37. Other payables

Unit: Yuan

Item Ending balance Beginning balance

Other payables 5,950,142.81 4,513,511.84 Total 5,950,142.81 4,513,511.84

(1) Interest payable

Unit: Yuan

Item Ending balance Beginning balance

Important overdue and unpaid interest information:

Unit: Yuan

Borrowing unit Overdue amount Reasons for overdue

Other notes:

None

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (2) Dividends payable

Unit: Yuan Item Ending balance Beginning balance

Other explanations, including important dividends payable that have not been paid for more than 1 year, should disclose the reasons for non-payment:

None

(3) Other payables

1. List other payables according to the nature of the payment

Unit: Yuan Item Ending balance Beginning balance

Expenses payable, etc. 5,602,142.81 4,165,511.84 Bid security 348,000.00 348,000.00 Total 5,950,142.81 4,513,511.84 2) Important other payables aged more than 1 year or overdue

Unit: Yuan Item Closing balance Reason for outstanding or carry-forward

Other instructions

None

38. Advance payments

(1) Presentation of advance receipts

Unit: Yuan Item Ending balance Beginning balance

(2) Important advances from customers aged more than 1 year or overdue

Unit: Yuan Item Closing balance Reason for outstanding or carry-forward

Unit: Yuan Item Amount of change Reason for change

Other notes:

None

39. Contract liabilities

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Item Ending balance Beginning balance

Accounts received in advance 4,213,363.33 7,722,466.44 Total 4,213,363.33 7,722,466.44 Important contract liabilities aged more than 1 year

Unit: Yuan

Item Closing balance Reason for outstanding or carried forward

Amount and reasons for significant changes in book value during the reporting period

Unit: yuan change fee

Item Reason for change

Um

40. Employee compensation payable

(1) Presentation of employee benefits payable

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

1. Short-term salary 17,191,505.78 53,765,168.62 58,884,813.18 12,071,861.22

2. Post-employment benefits - defined contribution plan 294,609.48 4,731,759.76 4,614,465.65 411,903.59 Total 17,486,115.26 58,496,928.38 63,499,278.83 12,483,764.81

(2) Presentation of short-term remuneration

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

1. Salaries, bonuses, allowances and subsidies 16,758,193.25 47,443,385.97 52,742,630.93 11,458,948.29

2. Employee welfare fees 2,371,798.49 2,371,798.49

3. Social insurance premiums 221,817.78 2,685,741.19 2,627,584.07 279,974.90 Including: medical insurance premiums 181,042.77 2,442,674.28 2,383,404.93 240,312.12

Work injury insurance premium 40,775.01 243,066.91 244,179.14 39,662.78

4. Housing provident fund 100,475.00 1,033,735.00 923,011.00 211,199.00

5. Trade union funds and employee education funds 111,019.75 230,507.97 219,788.69 121,739.03 Total 17,191,505.78 53,765,168.62 58,884,813.18 12,071,861.22

(3) Display of defined contribution plan

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

1. Basic pension insurance 284,122.61 4,583,856.66 4,470,116.98 397,862.29

2. Unemployment insurance premium 10,486.87 147,903.10 144,348.67 14,041.30Total 294,609.48 4,731,759.76 4,614,465.65 411,903.59Other instructions

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

41. Taxes payable

Unit: Yuan

Item Ending balance Beginning balance

Value-added tax 1,665,437.50 1,705,274.13 Corporate income tax 3,676,137.16 1,187,582.53 Personal income tax 216,085.37 258,551.26 Urban maintenance and construction tax 98,636.65 106,376.90 Urban land use tax 740,764.92 1,397,484.70 Property tax 1,272,921.15 2,209,406.49 Education surcharge 55,549.96 61,123.07 Stamp tax 103,027.28 60,676.34 Local education surcharge 37,033.30 40,748.71 Water resources tax 60,652.20 27,972.00 Special funds for water conservancy construction 25,769.01 9,095.74 Environmental protection tax 94.63 99.48 Vehicle and vessel tax 678.00

Total 7,952,787.13 7,064,391.35Other instructions

None

42. Liabilities held for sale

Unit: Yuan

Item Ending balance Beginning balance

Other instructions

None

43. Non-current liabilities due within one year

Unit: Yuan

Item Ending balance Beginning balance

Long-term borrowings due within one year 8,324,332.66 91,443,668.06 Lease liabilities due within one year 389,736.97 1,325,084.60Total 8,714,069.63 92,768,752.66Other notes:

None

44. Other current liabilities

Unit: Yuan

Item Ending balance Beginning balance

Endorsed undue acceptance bill 1,948,204.70 6,924,470.15 Taxes payable - Output tax to be transferred 316,160.06 990,710.41

Total full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. 2,264,364.76 7,915,180.56 Increase or decrease in short-term bonds payable:

Unit: Yuan Bond Par Issue Bond Issuance Beginning of the Period Current Period Provision at Par Value Premium and Discount Current Period End of Period Whether

face value

Name Interest Rate Date Term Amount Balance Issuance Interest Amortization Repayment Balance Total Defaults

Other notes:

None

45. Long-term borrowing

(1) Classification of long-term loans

Unit: Yuan

Item Ending balance Beginning balance

Credit loans 288,200,000.00 194,950,000.00 Total 288,200,000.00 194,950,000.00 Explanation of long-term loan classification:

None

Other instructions, including interest rate ranges:

None

46. Bonds payable

(1) Bonds payable

Unit: Yuan

Item Ending balance Beginning balance

(2) Increases and decreases in bonds payable (excluding preference shares, perpetual bonds and other financial instruments classified as financial liabilities)

Unit: Yuan Bond Par Issue Bond Issuance Beginning of the Period Current Period Provision at Par Value Premium and Discount Current Period End of Period Whether

face value

Name Interest Rate Date Term Amount Balance Issuance Interest Amortization Repayment Balance Total Defaults

(3) Description of convertible corporate bonds

None

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (4) Description of other financial instruments classified as financial liabilities

Basic information on preferred shares, perpetual bonds and other financial instruments outstanding at the end of the period

None

Statement of changes in outstanding preferred stocks, perpetual bonds and other financial instruments at the end of the period

Unit: Yuan outstanding Issued at the beginning of the period Increased during the period Decreased during the period End of the period

Financial instruments Quantity Book value Quantity Book value Quantity Book value Quantity Book value Explanation of the basis for classifying other financial instruments into financial liabilities

None

Other instructions

None

47. Lease liabilities

Unit: Yuan Item Ending balance Beginning balance

1-2 years 270,944.24 295,692.60 2-3 years 283,814.07 79,974.00 More than 3 years 297,295.24

Total 852,053.55 375,666.60Other instructions:

None

48. Long-term payables

Unit: Yuan Item Ending balance Beginning balance

(1) List long-term payables according to the nature of the payment

Unit: Yuan Item Ending balance Beginning balance

Other notes:

None

(2) Special accounts payable

Unit: Yuan Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full Text Project Beginning balance Increase in the current period Decrease in the current period Closing balance Other explanations for the reasons:

None

49. Long-term employee benefits payable

(1) Long-term employee salary payable table

Unit: Yuan Item Ending balance Beginning balance

(2) Changes in defined benefit plans

Present value of defined benefit plan obligations:

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Plan assets:

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Net liabilities (net assets) of defined benefit plans

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Description of the content of the defined benefit plan and the risks associated with it, as well as the impact on the company's future cash flows, timing and uncertainty:

None

Explanation of significant actuarial assumptions and sensitivity analysis results of defined benefit plans:

None

Other notes:

None

50. Estimated liabilities

Unit: Yuan Item Ending balance Beginning balance Other explanations of reasons, including important assumptions and estimation instructions for important estimated liabilities:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

51. Deferred income

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Closing balance Reasons for receipt of asset-related government subsidies 49,274,861.45 1,644,903.45 47,629,958.00

Total government subsidies 49,274,861.45 1,644,903.45 47,629,958.00

Other notes:

For details of government subsidies included in deferred income, please refer to XI. Explanation of Government Subsidies.

52. Other non-current liabilities

Unit: Yuan Item Ending balance Beginning balance

Other notes:

None

53. Share capital

Unit: Yuan Increase or decrease in this change (+, -)

Balance at the beginning of the period Balance at the end of the period Issuance of new shares Bonus shares Conversion of public reserve funds Others Subtotal

Total number of shares 129,619,000.00 58,148,550.00 58,148,550.00 187,767,550.00Other instructions:

According to the 2025 profit distribution plan, the company used capital reserve funds to increase 4.5 shares for every 10 shares held by all shareholders. After the increase, the total share capital increased from 129,619,000 shares to 187,767,550 shares.

54. Other equity instruments

(1) Basic information on preferred shares, perpetual bonds and other financial instruments outstanding at the end of the period

(2) Statement of changes in outstanding preferred stocks, perpetual bonds and other financial instruments at the end of the period

Unit: yuan outstanding. Beginning of the period. Increase in the current period. Decrease in the current period. End of the period.

financial engineering

Quantity Book value Quantity Book value Quantity Book value Quantity Book value instrument

Changes in other equity instruments during the current period, explanations of the reasons for the changes, and the basis for relevant accounting treatments:

Other notes:

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

55. Capital reserve

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

Capital premium (equity premium) 274,033,310.91 58,148,550.00 215,884,760.91Total 274,033,310.91 58,148,550.00 215,884,760.91Other explanations, including changes in the current period and reasons for changes:

According to the 2025 profit distribution plan, the company used capital reserve funds to increase 4.5 shares for every 10 shares held by all shareholders. After the increase, the total share capital increased from 129,619,000 shares to 187,767,550 shares.

56. Treasury stocks

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

Repurchase of shares 10,053,183.29 10,053,183.29 Total 10,053,183.29 10,053,183.29 Other explanations, including changes in increases and decreases in the current period and explanations of reasons for changes:

None

57. Other comprehensive income

Unit: Yuan Amount incurred in the current period

Less: previous period Less: previous period

Included in others Included in others

Item Opening balance Current income tax Less: Income Attribution after tax Attribution after tax Closing balance Comprehensive income Comprehensive income

The amount of tax expenses incurred before is attributable to the parent company and minority shareholders.

Transfer in the current period Transfer in the current period

Profit and loss Retained earnings

Other explanations include adjustments to the initial recognition amount of the effective portion of cash flow hedging gains and losses converted into hedged items:

None

58. Special reserves

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

Other explanations, including changes in increases and decreases in the current period and explanations of reasons for changes:

None

59. Surplus reserve

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Item Opening balance Increase in the current period Decrease in the current period Ending balance Statutory surplus reserve 46,233,286.61 46,233,286.61 Total 46,233,286.61 46,233,286.61 Description of surplus reserve, including changes in increases and decreases in the current period and explanations of reasons for changes:

None

60. Undistributed profits

Unit: Yuan

Projects in this issue Previous issue

Undistributed profit at the end of the previous period before adjustment 227,560,430.77 209,392,833.18 Undistributed profit at the beginning of the period after adjustment 227,560,430.77 209,392,833.18 Add: Net profit attributable to owners of the parent company for the current period 41,556,939.30 25,736,635.26

Dividends payable on ordinary shares 25,843,800.00 19,382,850.00 Undistributed profits at the end of the period 243,273,570.07 215,746,618.44 Details of adjustments to undistributed profits at the beginning of the period:

1). Due to the retrospective adjustment of the Accounting Standards for Business Enterprises and its related new regulations, the undistributed profit at the beginning of the period was affected by RMB 0.00.

2. Due to changes in accounting policies, the undistributed profit at the beginning of the period was affected by RMB 0.00.

3. Due to the correction of major accounting errors, the undistributed profit at the beginning of the period was affected by RMB 0.00.

4). Changes in the scope of consolidation due to the same control affect the undistributed profit at the beginning of the period by RMB 0.00.

5. The total impact of other adjustments on the undistributed profit at the beginning of the period is RMB 0.00.

Detailed instructions on using capital reserves to cover losses:

None

61. Operating income and operating costs

Unit: Yuan Amount of current period Amount of previous period

Project

revenue cost revenue cost

Main business 262,836,474.35 141,740,764.32 213,927,744.71 123,303,187.99 Other businesses 4,970,529.46 5,519,855.16 3,266,577.18 2,366,772.77 Total 267,807,003.81 147,260,619.48 217,194,321.89 125,669,960.76 Decomposition information of operating income and operating costs:

Unit: Yuan Division 1 Division 2 Total

Contract classification

Operating income Operating cost Operating income Operating cost Operating income Operating cost Business type

Among them:

Semiconductor monocrystalline silicon rods 42,309,301.75 27,529,096.15 42,309,301.75 27,529,096.15 Semiconductor monocrystalline silicon wafers 138,027,177.87 65,588,632.82 138,027,177.87 65,588,632.82 Semiconductor power chips

82,499,994.73 48,623,035.35 82,499,994.73 48,623,035.35 and devices

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report classified by operating region

Among them:

Market or customer type

Among them:

Contract type

Among them:

When transferring goods

Classification between

Among them:

Classification by contract period

Among them:

Classified by sales channel

Among them:

141,740,764.3

Total 262,836,474.35 262,836,474.35 141,740,764.32 Information related to performance obligations:

The company's pre-payments, the company's performance obligations, and the important payment terms. The company's commitment to transfer is the main responsibility.

The item will be refunded to the customer during the period. The type and time of the quantity guarantee. The nature of the goods. Anyone.

Account’s money and other explanations of related obligations

Information related to the transaction price allocated to the remaining performance obligations:

At the end of the reporting period, the amount of revenue corresponding to the performance obligations that have been signed but have not yet been performed or completed is RMB 19,925,507.68, of which RMB 19,925,507.68 is expected to be recognized as revenue in 2026, RMB 0.00 is expected to be recognized as revenue in 2027, and RMB 0.00 is expected to be recognized as revenue in 2028.

Information related to variable consideration in the contract:

None

Major contract changes or major transaction price adjustments

Unit: Yuan Item Accounting treatment method Amount of impact on income Other explanations

None

62. Taxes and surcharges

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Urban maintenance and construction tax 841,022.69 659,472.63 Education fee surcharge 444,543.22 359,473.19 Property tax 1,617,155.26 1,990,335.35 Land use tax 824,809.62 424,697.62 Vehicle and vessel use tax 4,758.00 4,938.00Stamp duty 188,488.70 165,371.27Environmental protection tax 179.05 559.47Local education surcharge 296,362.15 239,648.78Resource tax 105,662.20 94,522.40Total 4,322,980.89 3,939,018.71

Other notes:

None

63. Management expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Employee compensation 10,149,764.26 8,692,092.48 Depreciation expense 10,115,502.84 8,452,190.25 Intermediary agency expenses 1,063,478.06 959,851.44 Business entertainment expenses 352,257.29 319,070.84 Amortization of intangible assets 964,291.47 965,736.22 Utilities 617,056.29 73,068.78 Material consumption 249,380.87 113,546.09 Independent director allowance 150,000.00 150,000.00 Travel expenses 99,559.44 53,732.10 Others 1,905,105.82 1,921,235.50 Total 25,666,396.34 21,700,523.70

Other instructions

64. Sales expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Employee compensation 2,194,763.20 1,950,990.78 Business entertainment expenses 142,414.22 153,599.70 Travel expenses 124,554.09 141,390.99 Depreciation 4,282.19 5,396.19 Utilities 1,588.44 1,808.88 Others 169,043.73 396,738.34 Total 2,636,645.87 2,649,924.88

Other notes:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

65. Research and development expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Employee compensation 7,884,989.08 7,402,872.76 Material consumption 5,637,773.70 6,550,389.49 Others 1,523,560.32 1,609,896.64 Total 15,046,323.10 15,563,158.89Other instructions

None

66. Financial expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Interest expenses 4,288,821.88 4,939,036.46Interest income -2,046,534.70 -2,251,644.65 Exchange gains and losses 4,501,212.83 608,826.35 Handling fees and others 84,903.53 28,408.95Total 6,828,403.54 3,324,627.11Other instructions

None

67. Other income

Unit: Yuan

Sources of other income Amount incurred in the current period Amount incurred in the previous period

Refund of personal income tax withholding fees 49,613.00 33,224.10 Government subsidies related to income 14,846.46 474,621.34 Amortization of government subsidies related to assets in the current period 1,644,903.45 1,651,593.69 Additional deduction for value-added tax 358,176.06 475,672.40 Total 2,067,538.97 2,635,111.53

68. Net exposure hedging income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Other instructions

None

69. Gains from changes in fair value

Unit: Yuan

Sources of income from changes in fair value Amount incurred in the current period Amount incurred in the previous period

Other notes:

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. is not available

70. Investment income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Other instructions

None

71. Credit impairment losses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Bad debt losses on notes receivable 261,907.65 -76,200.73 Bad debt losses on accounts receivable 261,186.09 -3,957.36 Total 523,093.74 -80,158.09Other notes

None

72. Asset impairment losses

Unit: Yuan

Item Amount for the current period Amount for the previous period

1. Inventory depreciation losses and contract performance cost impairment losses -25,186,175.05 -21,669,699.74Total -25,186,175.05 -21,669,699.74Other explanations:

None

73. Income from asset disposal

Unit: Yuan

Source of asset disposal income Amount incurred in the current period Amount incurred in the previous period

74. Non-operating income

Unit: Yuan Financial items included in non-recurring gains and losses for the current period Amount incurred in the current period Amount incurred in the previous period

Um

Others 0.98 0.98Total 0.98 0.98Other instructions:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

75. Non-operating expenses

Unit: Yuan

Item Amount incurred in the current period Amount incurred in the previous period Amount included in non-recurring gains and losses for the current period Loss on disposal of non-current assets 3,218.16 14,548.99 3,218.16 Penalty expenses 2,600.00 632.27 2,600.00 Others 81,020.51 68,309.91

Total 86,838.67 83,491.17 5,818.16Other instructions:

None

76. Income tax expenses

(1) Income tax expense schedule

Unit: Yuan

Item Amount for the current period Amount for the previous period

Current income tax expense 3,439,761.52 3,783,962.78 Deferred income tax expense -1,633,446.26 -4,367,918.11 Total 1,806,315.26 -583,955.33

(2) Adjustment process of accounting profits and income tax expenses

Unit: Yuan

Item Amount incurred in this period

Total profit 43,363,254.56 Income tax expenses calculated according to statutory/applicable tax rates 6,504,488.18 The impact of different tax rates applicable to subsidiaries -2,500,513.77 The impact of non-deductible costs, expenses and losses 59,289.32 The impact of super deduction -2,256,948.47 Income tax expenses 1,806,315.26 Other notes

None

77. Other comprehensive income

See notes for details

78. Cash flow statement items

(1) Cash related to operating activities

Other cash received related to operating activities

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Item Amount for the current period Amount for the previous period

Subsidy income received 66,136.24 779,033.34 Interest income received 2,065,838.07 2,256,239.78 Other income received 659,830.27 408,181.18 Total 2,791,804.58 3,443,454.30 Description of other cash received related to operating activities:

None

Other cash paid related to operating activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Various expenses paid 4,877,396.77 6,375,268.47 Payment deposit 1,070,100.00 Total 4,877,396.77 7,445,368.47 Description of other cash paid related to operating activities:

None

(2) Cash related to investing activities

Other cash received related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Significant cash received related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Description of other cash received related to investing activities:

None

Other cash paid related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Significant cash payments related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Description of other cash paid related to investment activities:

None

(3) Cash related to financing activities

Other cash received related to financing activities

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Item Amount for the current period Amount for the previous period

Description of other cash received related to financing activities:

None

Other cash payments related to financing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Lease payments 1,299,211.00 1,403,050.00 Repurchase of treasury shares 9,993,133.92 Share repurchase payment 46,017.25 Purchase of minority interests in subsidiaries 33,188,680.00 Total 1,299,211.00 44,630,881.17 Description of other cash paid related to financing activities:

None

Changes in various liabilities arising from financing activities

□Applicable Not applicable

(4) Explanation on presenting cash flow in net amount

Item Relevant facts and circumstances Basis for net presentation Financial impact

(5) Major activities and financial impacts that do not involve current cash receipts and payments but affect the company's financial status or may affect the company's cash flow in the future

None

79. Supplementary information for cash flow statement

(1) Supplementary information for cash flow statement

Unit: Yuan

Supplementary information Amount for the current period Amount for the previous period

1． Reconcile net profit to cash flow from operating activities:

Net profit 41,556,939.30 25,736,635.26 Plus: asset impairment provision 24,663,081.31 21,749,857.83 Depreciation of fixed assets, depreciation of oil and gas assets, depreciation of productive biological assets 32,599,345.31 29,857,312.55 Depreciation of right-of-use assets 1,074,570.50 1,534,007.06 Amortization of intangible assets 1,968,291.45 1,969,736.20 Amortization of long-term deferred expenses

Losses (receipts) on disposal of fixed assets, intangible assets and other long-term assets

-3,809.56 (please fill in with "-")

Loss from scrapping of fixed assets (income is listed with "-") 3,218.16 14,548.99

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Loss on changes in fair value (income is listed with "-")

Financial expenses (income is listed with "-") 8,790,034.71 5,547,862.81 Investment losses (income is listed with "-")

Decrease in deferred income tax assets (increases are indicated by "-") -1,349,360.98 -4,130,793.97 Increase in deferred income tax liabilities (decreases are indicated by "-") -284,085.28 -237,124.14 Decrease in inventories (increases are indicated by "-") -9,492,574.70 -28,202,686.05 Decrease in operating receivables (increases are indicated by "-") -23,484,428.36 -39,329,673.82 Increase in operating payables (decreases are indicated by "-") -64,649,632.03 995,836.04 Others 423,500.71 1,135,134.59 Net cash flow generated from operating activities 11,818,900.10 16,636,843.79 2. Major investing and financing activities that do not involve cash receipts and payments:

debt to capital

Convertible corporate bonds due within one year

Financing leased fixed assets

3. Net changes in cash and cash equivalents:

Closing balance of cash 108,865,233.80 157,388,852.60 Less: Opening balance of cash 134,850,777.38 155,703,797.48 Add: Closing balance of cash equivalents

Less: Opening balance of cash equivalents

Net increase in cash and cash equivalents -25,985,543.58 1,685,055.12

(2) Net cash paid in the current period to acquire subsidiaries

Unit: Yuan

Amount

Among them:

Among them:

Among them:

Other notes:

(3) Net cash received from disposal of subsidiaries in the current period

Unit: Yuan

Amount

Among them:

Among them:

The full text of Zhejiang Zhongjing Technology Co., Ltd.’s 2026 semi-annual report includes:

Other notes:

(4) Composition of cash and cash equivalents

Unit: Yuan

Item Ending balance Beginning balance

1. Cash 108,865,233.80 134,850,777.38 Including: cash on hand 20,879.16 14,192.11

Bank deposits available for payment at any time 108,844,354.64 134,836,585.27

3. Balance of cash and cash equivalents at the end of the period 108,865,233.80 134,850,777.38 (5) Situations in which the scope of use is restricted but still classified as cash and cash equivalents

Unit: Yuan Items that are still cash and cash equivalents Amount for the current period Amount for the previous period

Reason

(6) Monetary funds that are not cash and cash equivalents

Unit: Yuan Items that are not cash and cash equivalents Amount for the current period Amount for the previous period

Reason

Bill security deposit 2,808,909.83 2,099,972.00

Undue interest receivable 94,836.24 120,289.33

Frozen funds 60,000.00 60,000.00

Total 2,963,746.07 2,280,261.33

Other notes:

None

(7) Description of other major activities

None

80. Notes on items in the statement of changes in owners’ equity

Explain the names of "other" items and the amount of adjustments that were made to the closing balance of the previous year:

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

81. Foreign currency monetary items

(1) Foreign currency monetary items

Unit: Yuan

Items Foreign currency balance at the end of the period Conversion exchange rate Conversion of RMB balance at the end of the period Monetary Funds

Including: US dollars 14,728,731.92 6.8109 100,315,920.23 euros

Hong Kong dollar

Accounts receivable

Including: US dollars 1,345,629.85 6.8109 9,164,950.34 euros

Hong Kong dollar

long term borrowing

Of which: US dollars

Euro

Hong Kong dollar

Accounts payable

Of which: USD 100,999.00 6.8109 687,894.09 EUR

Hong Kong dollar

Other notes:

None

(2) The nature of the lack of currency convertibility and its financial impact, the spot exchange rate used and its estimation process, and the risks faced by the enterprise due to the lack of currency convertibility

□Applicable Not applicable

(3) Description of overseas operating entities, including for important overseas operating entities, their main overseas business location, accounting standard currency and basis for selection should be disclosed. If the accounting standard currency changes, the reasons should also be disclosed. □Applicable Not applicable

(4) Lack of convertibility between the accounting functional currency of overseas operations and the company’s presentation currency □Applicable Not applicable

82. Leasing

(1) The company serves as the lessee

Applicable □Not applicable

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. does not include variable lease payments in the measurement of lease liabilities

□Applicable Not applicable

Simplified treatment of short-term leases or lease payments for low-value assets

□Applicable Not applicable

Situations involving sale and leaseback transactions

1. For details on the original book value, accumulated depreciation and impairment provisions of various right-of-use assets, please refer to the description of "Right-of-use assets" in VII. Item Notes (25) of the Consolidated Financial Statements.

2. Interest expense on lease liabilities

Unit: Yuan

Item Interest on lease liabilities included in financial expenses in this period 26,838.00

3. Total cash outflow related to leasing

Unit: Yuan

Items Cash paid to repay the principal and interest of lease liabilities in this period 1,299,211.00

4. For details on the maturity analysis of lease liabilities and management of related liquidity risks, please refer to the description of "liquidity risk" in 12. Risks related to financial instruments 3.

(2) The company as the lessor

Operating lease as lessor

□Applicable Not applicable

Finance lease as lessor

□Applicable Not applicable

Undiscounted lease payments for each of the next five years

□Applicable Not applicable

Reconciliation of undiscounted lease receipts and net lease investment

None

(3) Recognizing financial lease sales profits and losses as a manufacturer or distributor

□Applicable Not applicable

83. Data resources

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

84. Others

8. R&D expenditures

Unit: Yuan

Item Amount for the current period Amount for the previous period

Employee compensation 7,884,989.08 7,402,872.76 Material consumption 5,637,773.70 6,550,389.49 Others 1,523,560.32 1,609,896.64 Total 15,046,323.10 15,563,158.89 Including: Expenditure R&D expenditure 15,046,323.10 15,563,158.89

1. R&D projects that meet capitalization conditions

Unit: Yuan Increase amount in this period Decrease amount in this period

Item Beginning balance Closing balance

Internal development expenditures Others are recognized as intangible assets and transferred to the current profit and loss

total

Significant Capitalized R&D Projects

Estimated economic benefits when capitalization begins Specific projects to begin capitalization R&D progress Estimated completion time

Production method Point entity based on development expenditure impairment provision

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance Impairment test situation

2. Important outsourced research projects

The criteria for judging capitalization or expense and the specific way in which economic benefits are expected to be generated based on the name of the project.

According to

Other notes:

None

9. Changes in consolidation scope

1. Business merger not under common control

(1) Business mergers not under common control that occurred during the current period

Unit: Yuan

Purchase date to Purchase date to Purchase date to the purchased party Equity acquisition Equity acquisition Equity acquisition Equity acquisition On the purchase date

Purchase date Purchased at the end of the period Purchased at the end of the period Name of the purchased entity at the end of the period Time point Cost Ratio Method Determination basis

Buyer’s receipt Buyer’s net Buyer’s cash

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Other explanations of income profit and cash flow:

None

(2) Merger costs and goodwill

Unit: Yuan

Merger costs

--cash

--Fair value of non-cash assets

--Fair value of debt issued or assumed

--Fair value of equity securities issued

--Fair value of contingent consideration

--The fair value of the equity held before the purchase date on the purchase date--Others

Total combined costs

Less: The amount by which the goodwill/merger cost of the fair value share of the identifiable net assets acquired is less than the fair value share of the identifiable net assets acquired. Method for determining the fair value of the merger cost:

Description of contingent consideration and its changes

The main reasons for the formation of large amounts of goodwill:

Other notes:

(3) The identifiable assets and liabilities of the purchased party on the purchase date

Unit: Yuan

Fair value on acquisition date Book value assets on acquisition date:

Monetary funds

Accounts receivable

Inventory

fixed assets

intangible assets

Liabilities:

borrow money

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. Accounts payable

Deferred income tax liability

net worth

Less: Minority interests

Net assets acquired

Method for determining the fair value of identifiable assets and liabilities:

Contingent liabilities of the purchased party assumed in a business combination:

Other notes:

(4) Gains or losses arising from the remeasurement of equity held before the purchase date at fair value

Is there any transaction that realizes the business combination step by step through multiple transactions and obtains control during the reporting period?

□Yes No

(5) Relevant explanation that the merger consideration or the fair value of the identifiable assets and liabilities of the acquiree cannot be reasonably determined on the acquisition date or at the end of the current period of merger.

(6) Other instructions

2. Merger of enterprises under common control

(1) Business mergers under the same control that occurred in the current period

Unit: yuan Consolidated current period Consolidated current period

constitute the same

Business combination from the beginning of the period to the merger period from the beginning to the merger period Comparative period Comparative period Enterprises under the control of the merged party on the merger date

Obtained from Merger Date Merger Date Merger Date Merger Merged Party Name of Merged Party Determination basis for business merger

Equity ratio, merger’s acquisition, merger’s net income, basis of net profit

Other instructions for profit:

(2) Merger cost

Unit: Yuan

Merger costs

--cash

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

--Book value of non-cash assets

--The book value of debt issued or assumed

--The face value of the equity securities issued

--Contingent consideration

Description of contingent consideration and its changes:

Other notes:

(3) Book value of the assets and liabilities of the merged party on the date of merger

Unit: Yuan

Merger date Closing assets of the previous period:

Monetary funds

Accounts receivable

Inventory

fixed assets

intangible assets

Liabilities:

borrow money

Accounts payable

net worth

Less: Minority interests

Net assets acquired

Contingent liabilities of the merged party assumed in business mergers: Other instructions:

3. Reverse purchase

Basic information of the transaction, the basis for the transaction constituting a reverse purchase, whether the assets and liabilities retained by the listed company constitute a business and their basis, the determination of the merger cost, the amount of equity adjustment when dealing with equity transactions and its calculation:

4. Disposal of subsidiaries

Is there any transaction or event that resulted in the loss of control of a subsidiary during this period Yes  No

Is there any situation where investments in subsidiaries are disposed of step by step through multiple transactions and control is lost in the current period Yes  No

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

5. Changes in the scope of consolidation due to other reasons

Explain the changes in the scope of consolidation caused by other reasons (such as the establishment of new subsidiaries, liquidation of subsidiaries, etc.) and their related circumstances:

None

6. Others

None

10. Interests in other entities

1. Interests in subsidiaries

(1) Composition of enterprise groups

Unit: Yuan Shareholding ratio Subsidiary name Registered capital Main place of business Place of registration Nature of business How to obtain

Direct Indirect Xi'an Zhongjing Semiconductor Not under common control

14,637,000.00 Xi'an City Xi'an City Manufacturing 100.00%

Materials Co., Ltd. merged with Ningxia Zhongjing Semiconductor, not under common control

50,000,000.00 Zhongning County Zhongning County Manufacturing 100.00%

Materials Co., Ltd. merged with Zhejiang Zhongjing New Materials

235,000,000.00 Changxing County, Huzhou Changxing County, Huzhou Manufacturing 100.00% Establishment of Research Co., Ltd.

Jiangsu Gaoxin Electronics Co., Ltd.

200,000,000.00 Rugao City Rugao City Manufacturing 100.00% Establishment of a limited company

Explanation on the difference between the proportion of shareholding in subsidiaries and the proportion of voting rights:

None

Basis for holding half or less of the voting rights but still controlling the invested unit, and holding more than half of the voting rights but not controlling the invested unit: None

For important structured entities included in the scope of consolidation, the basis for control is:

None

Basis for determining whether a company is agent or principal:

None

Other notes:

None

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (2) Important non-wholly owned subsidiaries

Unit: Yuan Attributed to minority shareholders in the current period Announcement to minority shareholders in this period Remaining equity of minority shareholders at the end of the period Name of the company Shareholding ratio of minority shareholders

Profit and loss dividends distributed The proportion of minority shareholders’ shareholdings of the company is different from the proportion of voting rights:

None

Other notes:

None

(3) Main financial information of important non-wholly owned subsidiaries

Unit: Yuan Ending balance Beginning balance

Zigong

Non-Current Non-Current Non-Current Non-Current Company Name Current Assets Current Liabilities Current Assets Current Liabilities Current Assets Liquid Assets Liquid Assets Total Assets Total Liabilities Total Assets Debt Assets Debt Unit: Yuan Amount incurred in the current period Amount incurred in the previous period

Subsidiary name

Comprehensive Income Operating Activities Comprehensive Income Operating Activities Operating Income Net Profit Operating Income Net Profit

Total Cash Flow Total Cash Flow Other instructions:

None

(4) Significant restrictions on the use of enterprise group assets and repayment of enterprise group debts

None

(5) Financial support or other support provided to structured entities included in the scope of consolidated financial statements

None

Other notes:

None

2. Transactions in which the owner’s equity share in the subsidiary changes and the subsidiary still controls the subsidiary

(1) Description of changes in owner’s equity shares of subsidiaries

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(2) The impact of the transaction on minority shareholders’ equity and owner’s equity attributable to the parent company

Unit: Yuan

Purchase cost/disposal consideration

--cash

--Fair value of non-cash assets

Total purchase cost/disposal consideration

Less: Share of net assets of subsidiaries calculated based on the proportion of equity acquired/disposed of

difference

Including: Adjustment of capital reserve

Adjust the surplus reserve

Adjust undistributed profits

Other instructions

None

3. Interests in joint ventures or associated enterprises

(1) Important joint ventures or associates

Shareholding ratio Investment in joint ventures or joint ventures or associates Main business place Registration place Nature of business Name of operating enterprise Direct and indirect accounting treatment method

Explanation on the difference between France’s shareholding ratio in a joint venture or associated enterprise and the voting rights ratio:

None

Basis for holding less than 20% of the voting rights but having significant influence, or holding 20% or more of the voting rights but not having significant influence:

None

(2) Main financial information of important joint ventures

Unit: Yuan

Ending balance/amount of the current period Beginning balance/amount of the previous period

current assets

Of which: cash and cash equivalents

non-current assets

Total assets

current liabilities

non-current liabilities

Total liabilities

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

minority interests

Equity attributable to shareholders of the parent company

Adjustments to net asset share calculated based on shareholding ratio

--Goodwill

--Unrealized profits from internal transactions

--Others

The fair value of equity investments in joint ventures where there is a publicly quoted book value of equity investments in joint ventures

operating income

financial charges

income tax expense

net profit

Net profit from discontinued operations

other comprehensive income

Total comprehensive income

Other explanations on dividends received from joint ventures during the year

None

(3) Main financial information of important associates

Unit: Yuan

Ending balance/amount of the current period Beginning balance/amount of the previous period

current assets

non-current assets

Total assets

current liabilities

non-current liabilities

Total liabilities

minority interests

Equity attributable to shareholders of the parent company

Adjustments to net asset share calculated based on shareholding ratio

--Goodwill

--Unrealized profits from internal transactions

--Others

The fair value of equity investments in associates whose book value is publicly quoted

operating income

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report net profit

Net profit from discontinued operations

other comprehensive income

Total comprehensive income

Dividends received from associates during the year

Other instructions

None

(4) Summary financial information of unimportant joint ventures and associates Unit: Yuan

Ending balance/Amount incurred in the current period Opening balance/Amount incurred in the previous period Joint ventures:

The total of the following items calculated based on shareholding ratio

Associates:

The total of the following items calculated based on shareholding ratio

Other instructions

None

(5) No explanation of significant restrictions on the ability of joint ventures or associates to transfer funds to the company.

(6) Excess losses incurred by joint ventures or associates

Unit: Yuan Unrecognized losses in the current period (or names of joint ventures or associates in the current period Accumulated unrecognized losses accumulated in previous periods Accumulated unrecognized losses at the end of the period

Shared net profit) Other instructions

None

(7) Unconfirmed commitments related to investment in joint ventures

None

(8) There are no contingent liabilities related to investments in joint ventures or associates

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

4. Important joint operations

Shareholding ratio/share joint business name Main place of business Registration place Nature of business

Explanation on whether the direct or indirect shareholding ratio or share in a joint operation is different from the voting right ratio:

None

If the joint operation is a separate entity, the basis for classifying it as a joint operation is:

None

Other instructions

None

5. Equity in structured entities not included in the scope of consolidated financial statements

Relevant instructions for structured entities not included in the scope of consolidated financial statements:

None

6. Others

None

11. Government subsidies

1. Government subsidies recognized according to the amount receivable at the end of the reporting period

□Applicable Not applicable

Reasons for failure to receive the estimated amount of government subsidy at the estimated time

□Applicable Not applicable

2. Liability items involving government subsidies

Applicable □Not applicable

Unit: Yuan New additions in this period Included in business in this period Transferred to other in this period Accounting accounts related to assets/receipts in this period Opening balance Ending balance Aid amount Amount of other income Other changes Interest related 1,644,903.4 47,629,958.0 Deferred income 49,274,861.45 Related to assets 5 0

3. Government subsidies included in current profits and losses

Applicable □Not applicable

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Accounting accounts Amount for the current period Amount for the previous period

Other income 1,659,749.91 2,126,215.03Other instructions:

None

12. Risks related to financial instruments

1. Various risks arising from financial instruments

The Company faces risks from various financial instruments in its daily activities, mainly including credit risk, market risk and liquidity risk. The company's main financial instruments include monetary funds, loans, accounts receivable, accounts payable, etc. For detailed descriptions of each financial instrument, please see related items in VII. Notes on Consolidated Financial Statement Items. The risks associated with these financial instruments, and the risk management policies adopted by the Company to mitigate these risks, are set out below:

The board of directors is responsible for planning and establishing the company's risk management structure, formulating the company's risk management policies and relevant guidelines, and supervising the implementation of risk management measures. The Company has formulated risk management policies to identify and analyze the risks faced by the Company. These risk management policies clearly define specific risks and cover many aspects such as market risk, credit risk and liquidity risk management. The Company regularly evaluates changes in the market environment and the Company's operating activities to determine whether to update risk management policies and systems. The Company's internal audit department conducts regular audits on risk management controls and procedures and reports the audit results to the Company's Audit Committee.

The Company diversifies financial instrument risks through appropriate diversification of investments and business portfolios, and reduces risks concentrated in a single industry, specific region or specific counterparty by formulating corresponding risk management policies.

1. Market risk

Market risk of financial instruments refers to the risk that the fair value or future cash flow of financial instruments fluctuates due to market price changes, including foreign exchange risk, interest rate risk and other price risks.

(1) Exchange rate risk

Exchange rate risk refers to the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in foreign exchange rates. The company's main business location is in China. Domestic business is settled in RMB and export business is mainly settled in U.S. dollars. Therefore, the company's confirmed foreign currency assets and liabilities and future foreign currency transactions (the pricing currency of foreign currency assets and liabilities and foreign currency transactions are mainly U.S. dollars) are subject to foreign exchange risks. Relevant foreign currency assets and foreign currency liabilities include: monetary funds, accounts receivable and accounts payable denominated in US dollars. For the amount of foreign currency financial assets and foreign currency financial liabilities converted into RMB, please refer to VII. Notes to Consolidated Financial Statement Items (81) "Foreign Currency Monetary Items".

The Company pays close attention to the impact of exchange rate changes on the Company's exchange rate risk. The Company currently has not taken any measures to avoid exchange rate risks, but the management is responsible for monitoring exchange rate risks and will consider hedging significant exchange rate risks when necessary. At the end of this period, the foreign exchange risk faced by the Company mainly comes from financial assets and financial liabilities denominated in US dollars. The amount of foreign currency financial assets and foreign currency financial liabilities converted into RMB is shown in VII. Notes to Consolidated Financial Statements (81) "Foreign Currency Monetary Items". (2) Interest rate risk

Interest rate risk refers to the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market interest rates. The risk of changes in market interest rates faced by the Company is mainly related to the Company's borrowings with floating interest rates. The Company's interest rate risk mainly arises from long-term bank borrowings. Financial liabilities with floating interest rates expose the Company to cash flow interest rate risk, while financial liabilities with fixed interest rates expose the Company to fair value interest rate risk. The Company determines the relative proportions of fixed-rate and floating-rate contracts based on the prevailing market environment, and maintains an appropriate portfolio of fixed-rate and floating-rate instruments through regular review and monitoring.

(3) Other price risks

The company's management believes that the price risks related to financial assets and financial liabilities have no significant impact on the company.

2. Credit risk

Credit risk refers to the risk that the counterparty fails to perform its contractual obligations, resulting in financial losses for the company. The Company's credit risk mainly arises from bank deposits and receivables.

The company's bank deposits are mainly deposited in state-owned banks and other large and medium-sized listed banks. The company does not expect that there will be significant credit risk in bank deposits.

For accounts receivable, the Company sets relevant policies to control credit risk exposure based on customer management credit risk concentration. The Company evaluates the debtor's credit qualifications and sets a

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Corresponding debt amount and credit period. The company will regularly monitor the credit records of debtors. For debtors with poor credit records, the company will use written reminders, shorten the credit period or cancel the credit period to ensure that the company's overall credit risk is within a controllable range. As the Company's receivable customers are widely dispersed in different regions and industries, there is no significant concentration of credit risk in the Company.

The Company has not provided any other guarantees that may expose the Company to credit risk. The maximum credit risk exposure assumed by the Company is the book value of each financial asset in the balance sheet.

(1) Basis for judgment of significant increase in credit risk

The Company assesses on each balance sheet date whether the credit risk of relevant financial instruments has increased significantly since initial recognition. When determining whether credit risk has increased significantly since initial recognition, the Company considers reasonable and evidence-based information that can be obtained without unnecessary additional cost or effort, including qualitative and quantitative analysis based on the Company's historical data, external credit risk ratings, and forward-looking information. When one or more of the following quantitative and qualitative criteria are met, the company considers that credit risk has increased significantly:

1. Contract payment is overdue for more than 30 days.

2. According to the external public credit rating results, the debtor's credit rating dropped significantly.

3. Serious problems occur in the debtor's production or operation links, and actual or expected operating results decline significantly.

4. Significant adverse changes occur in the regulatory, economic or technological environment in which the debtor is located.

5. Significant adverse changes in business, financial or economic conditions that are expected to result in the debtor's ability to meet its debt repayment obligations.

6. Other objective evidence indicating that the credit risk of financial assets has increased significantly.

(2) Basis for credit impairment that has occurred

When the Company assesses whether a debtor has suffered credit impairment, it mainly considers the following factors:

1. The issuer or debtor encounters major financial difficulties.

2. The debtor violates the contract, such as default or overdue payment of interest or principal.

3. The creditor grants concessions to the debtor that the debtor would not make under any other circumstances due to economic or contractual considerations related to the debtor's financial difficulties.

4. The debtor is likely to go bankrupt or undergo other financial reorganization.

5. The financial difficulties of the issuer or debtor cause the active market for the financial asset to disappear.

6. Purchase or originate a financial asset at a substantial discount that reflects the fact that credit losses have occurred.

(3) Parameters for measuring expected credit losses

Depending on whether there is a significant increase in credit risk and whether credit impairment has occurred, the company measures loss provisions based on expected credit losses for 12 months or the entire duration of different assets. Key parameters for measuring expected credit losses include probability of default, loss given default rate and exposure to default risk. The Company considers quantitative analysis of historical statistical data and forward-looking information to establish probability of default, loss given default and default risk exposure models. The relevant definitions are as follows:

1. The probability of default refers to the possibility that the debtor will be unable to fulfill its payment obligations in the next 12 months or throughout the remaining duration.

2. Default risk exposure refers to the amount that the company should be repaid when a default occurs in the next 12 months or throughout the remaining duration.

3. The loss given default refers to the company’s expectation of the extent of loss due to default exposure. LGDs vary depending on the type of counterparty, the method and priority of recourse, and the availability of collateral or other credit support.

The Company determines expected credit losses by estimating the default probability, default loss rate and default risk exposure of a single exposure or asset portfolio in the coming months. During the reporting period, there were no significant changes in expected credit loss estimation techniques or key assumptions.

(4) Forward-looking information included in the expected credit loss model

The assessment of significant increases in credit risk and the calculation of expected credit losses involve forward-looking information. Through historical data analysis, the Company identifies relevant information that affects the credit risk and expected credit losses of each asset portfolio, such as macroeconomic conditions such as GDP growth rate, industry cycle stage and other industry development conditions, etc. The company predicts the impact of this information on the probability of default and loss given default based on changes in the company's future sales strategy or credit policy.

3. Liquidity risk

Liquidity risk refers to the risk of a shortage of funds when an enterprise fulfills its obligations to settle by delivering cash or other financial assets. Liquidity risk is centrally controlled by the Company's financial department. By monitoring cash balances, marketable securities that can be liquidated at any time, and rolling forecasts of cash flows in the next 12 months, the financial department ensures that the company has sufficient funds to repay debts under all reasonable forecasts, meet the company's operating needs, and reduce the impact of cash flow fluctuations.

4.Capital management

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

The goal of the company's capital management policy is to ensure that the company can continue to operate, thereby providing returns to shareholders and benefiting other stakeholders, while maintaining an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Company monitors the capital structure based on the asset-liability ratio (i.e., total liabilities divided by total assets). As of June 30, 2026, the company's asset-liability ratio was 47.18% (December 31, 2025: 46.76%).

2. Hedging

(1) The company carries out hedging business for risk management

□Applicable Not applicable

(2) The company carries out qualified hedging business and applies hedging accounting

Unit: Yuan Confirmed hedged items

The effectiveness of the hedge and the absence of a hedge are included in the hedged item and the carrying value of the hedge. Hedge accounting has a negative impact on the company's financial items.

The related book value of period instruments and the cumulative fair effect of hedged items are partly derived from the relevant impact on financial statements.

Value Hedge Adjustment

Hedging risk type

Hedging category

Other instructions

None

(3) The company carries out hedging business for risk management and expects to achieve risk management objectives but does not apply hedging accounting □ Applicable  Not applicable

3. Financial assets

(1) Classification of transfer methods

□Applicable Not applicable

(2) Financial assets derecognized due to transfer

□Applicable Not applicable

(3) Asset transfer financial assets that continue to be involved

□Applicable Not applicable

Other instructions

None

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

13. Disclosure of fair value

1. Closing fair value of assets and liabilities measured at fair value

Unit: Yuan Ending Fair Value

Project

Level 1 fair value measurement Second level fair value measurement Third level fair value measurement Total

1. Sustained fair value

---

Measurement

54,923, receivables financing 54,923,470.97

470.97Continuously measured at fair value 54,923, 54,923,470.97

Total assets 470.97

2. Non-sustainable fair price

---

value measurement

2. Basis for determining the market price of continuous and non-continuous first-level fair value measurement items

None

3. Continuous and non-continuous second-level fair value measurement items, valuation techniques used and qualitative and quantitative information on important parameters

For financing receivables held by the company, valuation techniques are used to determine their fair value. The valuation model used is the market quotation or dealer quotation of the same type of instrument. The input values ​​of the valuation technology mainly include the observed values ​​of the contract-linked targets.

4. Continuous and non-continuous third-level fair value measurement projects, valuation techniques used and qualitative and quantitative information on important parameters

None

5. Continuous third-level fair value measurement items, reconciliation information between the opening and closing book values and sensitivity analysis of unobservable parameters None

6. For ongoing fair value measurement items, if there is a conversion between levels during the current period, the reasons for the conversion and the policy for determining the time of conversion are not available.

7. Valuation technology changes that occurred during the current period and reasons for the changes

None

8. Fair value of financial assets and financial liabilities not measured at fair value

The Company's financial assets and financial liabilities measured at amortized cost mainly include: monetary funds, notes receivable, accounts receivable, other receivables, short-term loans, notes payable, accounts payable, other payables, long-term loans, etc. The difference between the book value of the Company's financial assets and financial liabilities not measured at fair value and their fair value is very small.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

9. Others

14. Related parties and related transactions

1. Information about the parent company of this enterprise

Parent company to this enterprise Parent company to this enterprise Parent company name Place of registration Nature of business Registered capital

The proportion of shareholding and the proportion of voting rights. Explanation of the parent company of the enterprise.

None

The ultimate controlling parties of this enterprise are Xu Yijun and Xu Wei.

Other notes:

1. The actual controller of the company

Actual controller Shareholding ratio of the company (%) Voting rights ratio of the company (%) Xu Yijun, Xu Wei 35.62 35.62

Note: (1) Xu Yijun and Xu Wei are persons acting in concert, and their shareholding proportions and voting rights of the company are 23.61% and 12.01% respectively. (2) If the mantissa of the total in the above table is inconsistent with the mantissa of the sum of each item, it is caused by rounding.

2. Information about the company’s subsidiaries

For details of the company's subsidiaries, please see Note 10. Equity in other entities (1) "Equity in subsidiaries".

3. Information on joint ventures and associated enterprises of the enterprise

Please see the notes for details of the company's important joint ventures or associates.

The situation of other joint ventures or associates that have related party transactions with the company in the current period, or related party transactions with the company in previous periods that resulted in balances is as follows:

Name of the joint venture or associated enterprise Other description of the relationship with the enterprise

None

4. Other related parties

Names of other related parties Relationship between other related parties and the company Longi Green Energy Technology Co., Ltd. Ningxia Longi Silicon Materials Co., Ltd. is a shareholder holding more than 5% of the company's shares in the past twelve months Controlled by Longi Green Energy Technology Co., Ltd.

Other instructions

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. is not available

5. Related transactions

(1) Related transactions related to the purchase and sale of goods, provision and receipt of services

Procurement of goods/service acceptance form

Unit: Yuan approved transactions

Related parties Contents of related transactions Amount incurred in the current period Whether it exceeds the transaction limit Amount incurred in the previous period

Longi Green Energy Technology Co., Ltd. Water and electricity 380,866.21 No 714,764.83 Longi Green Energy Technology Co., Ltd. Park service fee No

Ningxia LONGi Silicon Materials Co., Ltd. Water and electricity 10,072,358.09 No 8,825,560.57 Ningxia LONGi Silicon Materials Co., Ltd. Park service fee 46,837.32 No 38,089.61 Total 10,500,061.62 No 9,578,415.01 Sales of goods/provision of services table

Unit: Yuan Related party Contents of related transactions Amount incurred in the current period Amount incurred in the previous period

Description of related transactions for purchasing and selling goods, providing and receiving services

None

(2) Related entrusted management/contracting and entrusted management/outsourcing situation

The company's entrusted management/contracting status table:

Unit: yuan trusteeship income/contract entrusted party/contractor confirmed in the current period trustee/contractor entrusted/contracting capital entrusted/contracted from entrusted/contracted end

Package revenue pricing is based on managed revenue/contractor name party name product type start date end date

according to income

Description of associated hosting/contracting situations

None

The company’s entrusted management/outsourcing status table:

Unit: Yuan Client/outsourcing Trustee/contracting Entrustment/outsourcing capital Starting from entrustment/outsourcing End of entrustment/outsourcing Escrow fee/outsourcing Name of the entrusting party confirmed in this period Name of the party Type of product Start date End date Fee pricing basis Management fee/outsourcing fee related management/outsourcing situation description

None

(3) Related leasing situation

As a lessor, our company:

Unit: Yuan Zhejiang Zhongjing Technology Co., Ltd. Full text of the 2026 semi-annual report Name of the lessee Type of leased assets Lease income recognized in the current period Lease income recognized in the previous period

As a lessee, our company:

Unit: Yuan Short-term simplified treatment not included in lease liabilities

Leases and low-value assets Variable leases measured Lease liabilities assumed Increased rent paid for right-of-use assets

Lessor Lease asset Rental payment (if appropriate) Interest expense Asset

Name Product Category Use (if applicable)

Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period

None

(4) Related guarantees

The company acts as a guarantor

Unit: Yuan guarantee has been fulfilled by the guaranteed party. Guarantee amount. Guarantee start date. Guarantee expiry date.

Complete

The company as the guaranteed party

Unit: Yuan guarantee has been fulfilled by the guarantor. Guarantee amount. Guarantee starting date. Guarantee expiry date.

Complete

Description of related guarantees

None

(5) Fund lending from related parties

Unit: Yuan Related Party Lending Amount Start Date Maturity Date Description

dismantle

take out

(6) Asset transfer and debt restructuring of related parties

Unit: Yuan Related party Contents of related transactions Amount incurred in the current period Amount incurred in the previous period

(7) Remuneration of key management personnel

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Total remuneration 1,903,800.80 2,056,656.83 Full text of Zhejiang Zhongjing Technology Co., Ltd.’s 2026 Semi-annual Report (8) Other related transactions

None

6. Accounts receivable and payable from related parties

(1) Items receivable

Unit: Yuan Closing balance Opening balance Item name Related parties

Book balance Bad debt provision Book balance Bad debt provision (2) Payable items

Unit: yuan Project name Related parties Book balance at the end of the period Book balance at the beginning of the period Other payables Ningxia LONGi Silicon Materials Co., Ltd. 1,334,956.95 1,313,238.98 Longi Green Energy Technology Co., Ltd. 112,143.12 106,315.04

7. Related party commitments

None

8. Others

None

15. Share-based payment

1. Overall situation of share-based payment

□Applicable Not applicable

2. Equity-settled share-based payment

□Applicable Not applicable

3. Share-based payment settled in cash

□Applicable Not applicable

4. Share-based payment expenses for this period

□Applicable Not applicable

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

5. Modification and termination of share-based payment

None

6. Others

None

16. Commitments and contingencies

1. Important commitments

Important commitments existing at the balance sheet date

None

2. Contingent matters

(1) Important contingencies existing on the balance sheet date

None

(2) If the company has no important contingencies that need to be disclosed, this should also be explained.

The company has no important contingencies that need to be disclosed.

3. Others

None

17. Events after the balance sheet date

1. Important non-adjustment matters

Unit: Yuan Impact on financial condition and results of operations

Item Contents Reasons why the impact cannot be estimated

number of rings

2. Profit distribution

The number of dividends per 10 shares announced upon review and approval (yuan) 2 The number of converted shares per 10 shares announced upon review and approval (shares) 4.5 According to the 2025 profit distribution plan reviewed and approved by the company's 2025 annual shareholders' meeting, based on the share capital registered on June 4, 2026 as the equity registration date, a cash dividend of 2.00 yuan (tax included) will be distributed to all shareholders for every 10 shares. There is no profit distribution plan

Bonus shares will be issued and 4.5 shares will be issued for every 10 shares to all shareholders using capital reserve funds. A total of RMB 25,843,800.00 in cash dividends was distributed, and a total of 58,148,550 shares were transferred from capital reserves to share capital. After the transfer, the company's total share capital was 187,767,550 shares. Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

3. Sales return

None

4. Description of other post-balance sheet events

None

18. Other important matters

1. Correction of accounting errors in the previous period

(1) Retrospective restatement method

Unit: Yuan Report for each affected comparison period

Contents of accounting error correction Processing procedures Cumulative impact number item name

(2) Prospective applicable law

Contents of correction of accounting errors Approval process Reasons for adopting prospective application method

2. Debt restructuring

None

3. Asset replacement

(1) Non-monetary asset exchange

None

(2) Other asset swaps

None

4. Annuity plan

None

5. Termination of operations

Unit: Yuan Items attributable to the parent company Revenue Expenses Total profit Income tax expense Net profit Owner’s profit from discontinued operations Other instructions

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. is not available

6. Branch information

(1) Determination basis and accounting policies of reporting segments

None

(2) Financial information of reporting segments

Unit: Yuan

Item Inter-segment elimination Total

(3) If the company has no reportable segments, or cannot disclose the total assets and total liabilities of each reportable segment, the reasons should be explained

None

(4) Other instructions

None

7. Other important transactions and matters that have an impact on investors’ decision-making

None

8. Others

None

19. Notes on main items of the parent company’s financial statements

1. Accounts receivable

(1) Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 62,439,994.19 45,674,095.83 Of which: Within 6 months 57,805,774.20 45,194,555.17 July-December 4,634,219.99 479,540.66 1 to 2 years 565,083.99 329,930.79 2 to 3 years 23,872.94 26,872.94 More than 3 years 1,927,609.27 1,927,668.24

More than 5 years 1,927,609.27 1,927,668.24 Total 64,956,560.39 47,958,567.80

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

By item

bad provision

1,907,9 1,907,9 1,907,9 1,907,9

Account preparation 2.94% 100.00% 3.98% 100.00%

85.90 85.90 85.90 85.90

receivables

Accounts

its

Medium:

by combination

bad provision

63,048, 186,627 62,861, 46,050, 117,707 45,932, Account provision 97.06% 0.30% 96.02% 0.26%

574.49 .85 946.64 581.90 .41 874.49 receivables

Accounts

its

Medium:

merge scope

Weineiguan 5,703,2 5,703,2 6,201,4 6,201,4

8.78% 12.93%

Joint team 28.35 28.35 01.64 01.64 combined

Aging group 57,345, 186,627 57,158, 39,849, 117,707 39,731,

88.28% 0.33% 83.09% 0.30%

Combined 346.14 .85 718.29 180.26 .41 472.85

64,956, 2,094,6 62,861, 47,958, 2,025,6 45,932, total 100.00% 3.22% 100.00% 4.22%

560.39 13.75 946.64 567.80 93.31 874.49 Provision for bad debts on an individual basis: 1,907,985.90

Unit: Yuan

Beginning balance Closing balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Jiangsu Rongbang Microelectronics

1,274,500.00 1,274,500.00 1,274,500.00 1,274,500.00 100.00% Expected to be unrecoverable Co., Ltd.

Benxi Fred Electronics

519,064.00 519,064.00 519,064.00 519,064.00 100.00% Expected to be unrecoverable Technology Co., Ltd.

Tianjin Fred Electronics

114,421.90 114,421.90 114,421.90 114,421.90 100.00% It is not expected to be recovered Technology Co., Ltd.

Total 1,907,985.90 1,907,985.90 1,907,985.90 1,907,985.90

Provision for bad debts by combination: 186,627.85

Unit: Yuan

Ending balance

Name

Book balance Bad debt provision Provision ratio

Related party combination within the scope of consolidation 5,703,228.35

Aging combination 57,345,346.14 186,627.85 0.33% Total 63,048,574.49 186,627.85

The full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. explains the basis for determining this combination:

Item Book balance (yuan) Bad debt provision (yuan) Provision ratio (%)

Within 1 year (including 1 year) 56,736,765.84 46,825.80 0.08 Of which: within 6 months 55,800,249.80 - -

7-12 months 936,516.04 46,825.80 5.00 1-2 years 565,083.99 113,016.80 20.00 2-3 years 23,872.94 7,161.88 30.00 More than 5 years 19,623.37 19,623.37 100.00 Subtotal 57,345,346.14 186,627.85 0.33 If the provision for bad debts of accounts receivable is made according to the general expected credit loss model:

□Applicable Not applicable

(3) Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Beginning Balance Ending Balance

Provision Recovery or transfer Write-off Others

Provision for bad debts based on individual items 1,907,985.90 1,907,985.90 Provision for bad debts based on combinations 117,707.41 68,920.44 186,627.85 Total 2,025,693.31 68,920.44 2,094,613.75 Among them, the amount of bad debt provision recovery or reversal in the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its reasonableness

sex

None

(4) Accounts receivable actually written off in the current period

Unit: Yuan

Item Write-off Amount

Important write-offs of accounts receivable:

Unit: Yuan Whether the amount is paid by the name of the related unit Nature of accounts receivable Write-off amount Reason for write-off Performed write-off procedures

Instructions for writing off accounts receivable arising from transactions:

None

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (5) Accounts receivable and contract assets of the top five closing balances by debtors

Unit: Yuan accounted for accounts receivable and combined accounts receivable bad debts quasi accounts receivable and contracts

Unit name Closing balance of accounts receivable Closing balance of contract assets Closing balance of same assets Provisions and contract assets minus closing balance of assets

Proportion of total number No. 1 in the closing balance of value preparation 12,956,222.30 12,956,222.30 19.95%

Second place 6,233,408.08 6,233,408.08 9.60%

Third place 3,914,895.78 3,914,895.78 6.03%

Fourth place 3,717,760.35 3,717,760.35 5.72%

Fifth place 3,716,916.33 3,716,916.33 5.72%

Total 30,539,202.84 30,539,202.84 47.02%

2. Other receivables

Unit: Yuan Item Ending balance Beginning balance

Other receivables 368,997,283.94 352,417,982.68 Total 368,997,283.94 352,417,982.68

(1) Interest receivable

1. Classification of interest receivable

Unit: Yuan Item Ending balance Beginning balance

2. Important overdue interest

Unit: Yuan Whether impairment occurs and the borrowing unit is judged. Ending balance Overdue time Reason for overdue

Judgment basis

Other notes:

None

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Zhejiang Zhongjing Technology Co., Ltd. 2026 Semi-annual Report Full text determines the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the proportion and its rationality

Other notes:

None

5. Interest receivable actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of interest receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

None

Other notes:

(2) Dividends receivable

1. Classification of dividends receivable

Unit: yuan project (or invested unit) Ending balance Beginning balance

2. Important dividends receivable aged more than 1 year

Unit: Yuan Whether impairment occurs and the judgment item (or invested unit) Closing balance Aging Reason for non-recovery

Judgment basis

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its reasonableness

sex

Other notes:

None

5. Dividends receivable actually written off in the current period

Unit: Yuan

Item Write-off Amount

Among them, the important write-off of dividends receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

Instructions for writing off transactions:

None

Other notes:

None

(3) Other receivables

1. Classification of other receivables according to nature of payment

Unit: Yuan

Nature of payment Book balance at the end of the period Book balance at the beginning of the period

Transactions, expenses, etc. 369,004,544.91 352,425,243.65 Total 369,004,544.91 352,425,243.65

2. Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 26,541,557.26 41,299,002.00 Of which: Within 6 months 16,651,301.26 31,408,746.00 7-12 months 9,890,256.00 9,890,256.00 1 to 2 years 57,663,501.00 45,209,795.00 2 to 3 years 56,335,699.78 122,364,794.78 More than 3 years 228,463,786.87 143,551,651.87 3 to 4 years 141,541,043.61 124,379,114.31 4 to 5 years 3,233,786.55 19,165,276.59

More than 5 years 83,688,956.71 7,260.97 Total 369,004,544.91 352,425,243.65

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

3. Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book Book price provision ratio

Amount Proportion Amount Provision Proportion Value Amount Proportion Amount Value Example

Among them:

Among them:

Provision for bad debts on an individual basis: 7,260.97

Unit: Yuan Beginning balance Ending balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Shanghai Sibai Electronic Technology Co., Ltd. 2,505.19 2,505.19 2,505.19 2,505.19 100.00% Expected to be difficult to collect Zhongshan Fengsheng Industrial Co., Ltd. 2,010.51 2,010.51 2,010.51 2,010.51 100.00% It is expected to be difficult to recover Shenzhen Hengxingxing Precision Instrument Co., Ltd. 680.00 680.00 680.00 680.00 100.00% It is expected to be difficult to recover Shanghai Crystal Magnetic Instrument Co., Ltd. 600.00 600.00 600.00 600.00 100.00% It is expected to be difficult to recover Yuyao Jintai Instrument Co., Ltd. 550.00 550.00 550.00 550.00 100.00% It is expected to be difficult to recover Shanghai Tianze Pipe Industry Co., Ltd. 450.00 450.00 450.00 450.00 100.00% It is expected to be difficult to recover Wuxi Jiangnan Hydraulic Parts Factory 220.00 220.00 220.00 220.00 100.00% It is expected to be difficult to recover Yantai Fushan Flowmeter Factory 211.97 211.97 211.97 211.97 100.00% It is expected to be difficult to recover Shanghai Sile Optoelectronic Materials Co., Ltd. 33.00 33.00 33.00 33.00 100.00% It is expected to be difficult to recover Shenzhen Zhenyipin Trading Co., Ltd. 0.20 0.20 0.20 0.20 100.00% It is expected to be difficult to recover Hangzhou Fuyang Xianmingta Foam Plastic Machinery Co., Ltd. 0.10 0.10 0.10 0.10 100.00% It is expected to be difficult to recover Total 7,260.97 7,260.97 7,260.97 7,260.97

Provision for bad debts by combination: 0

Unit: Yuan ending balance

Name

Book balance Bad debt provision Provision ratio

Related party combination within the scope of consolidation 368,846,403.94

Special combination 150,880.00

Total 368,997,283.94

Description of what this combination is based on:

None

Provision for bad debts is made based on the general expected credit loss model:

Unit: Yuan Phase 1 Phase 2 Phase 3

Bad debt provision for the next 12 months Expected credit losses for the entire duration Expected credit losses for the entire duration Total

Period credit loss (no credit impairment occurred) Loss (credit impairment occurred)

Balance on January 1, 2026 7,260.97 7,260.97 Balance on January 1, 2026 in the current period

Balance as of June 30, 2026 7,260.97 7,260.97 Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report Basis for division of each stage and proportion of bad debt provisions

For details on the basis for dividing each stage, please refer to the explanation of "Impairment of Financial Instruments" in 10(5) V. Important Accounting Policies and Accounting Estimates.

At the end of the period, the provision ratio for bad debt provisions for the first stage of the company's other receivables is 0.00%, the provision ratio for bad debt provisions for the second stage is 0.00%, and the provision ratio for bad debt provisions for the third stage is 100.00%.

Basis for accruing bad debt provisions for the current period and assessing whether the credit risk of financial instruments has significantly increased

For information such as input values and assumptions used to determine the amount of bad debt provisions for the current period and to assess whether the credit risk of financial instruments has increased significantly since initial recognition, please refer to the description of 12. Risks related to financial instruments (1) 2 "Credit Risk".

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

Provision for bad debts based on individual items 7,260.97 7,260.97 Provision for bad debts based on combinations

Total 7,260.97 7,260.97

None

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Name of the unit that determines the original bad debt provision accrual ratio Amount of reversal or recovery Reason for reversal Method of recovery

The basis of the example and its rationality

None

5. Other receivables actually written off in the current period

Unit: yuan item write-off amount

Important write-offs of other receivables:

Unit: Whether the Yuan amount is paid by the related unit. Nature of other receivables. Write-off amount. Reason for write-off. Write-off procedures performed.

transaction generated

Instructions for writing off other receivables:

None

6. Other receivables with the top five closing balances based on debtors

Unit: Yuan

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Accounting for other receivables at the end of the period Name of bad debt provision unit Nature of the payment Closing balance Aging

Proportion of total balance Ending balance

Within 6 months; 7-12 months; 1-2

First place, current transactions, expenses, etc. 368,846,403.94 years; 2-3 years; 3-4 years; 4-5 years; 5 99.96%

years and above

Second place: current transactions, expenses, etc. 150,880.00 Within 6 months 0.04%

Third place current, expenses, etc. 2,505.19 More than 5 years 0.00% 2,505.19 Fourth place current, expenses, etc. 2,010.51 More than 5 years 0.00% 2,010.51 Fifth place current, expenses, etc. 680.00 More than 5 years 0.00% 680.00 Total 369,002,479.64 100.00% 5,195.70

7. Presented in other receivables due to centralized management of funds

Other notes:

Unit: Yuan

Name of the unit Relationship with the company Closing amount Proportion of other receivables at the end of the period (%)

Zhejiang Zhongjing New Materials Research Co., Ltd. Related parties within the scope of consolidation 368,846,403.94 99.96

3. Long-term equity investment

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value Investment in subsidiaries 562,234,914.24 562,234,914.24 562,234,914.24 562,234,914.24 Total 562,234,914.24 562,234,914.24 562,234,914.24 562,234,914.24

(1) Investment in subsidiaries

Unit: Yuan Impairment Changes in the current period

Beginning balance provision Ending balance Impairment provision Invested unit Addition Decrease Provision minus Others

(Book value) Beginning of the period (Book value) Ending balance Investment Investment value provision Other

Balance

Xi'an Zhongjing Semiconductor Materials Co., Ltd.

9,125,237.05 9,125,237.05

Ltd.

Ningxia Zhongjing Semiconductor Materials Co., Ltd.

50,166,277.19 50,166,277.19

Ltd.

Zhejiang Zhongjing New Materials Research Co., Ltd.

235,000,000.00 235,000,000.00

Ltd.

Jiangsu Gaoxin Electronics Co., Ltd. 267,943,400.00 267,943,400.00

Total 562,234,914.24 562,234,914.24

(2) Investment in associates and joint ventures

Unit: yuan investment. Impairment at the beginning of the period. Increase or decrease in the current period. Impairment at the end of the period. Unit Balance. Provision. Additional. Decrease. Equity. Other. Other. Declaration. Provision. Other. Balance. Provision.

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

(Investment at the beginning of the accounting period Comprehensive equity issuance impairment under the investment method (Accounting period end face price balance recognized income change cash reserve face price balance value) investment adjustment dividend value)

capital loss or profit

profit

1. Joint ventures

2. Joint ventures

The recoverable amount is determined as the net amount after fair value minus disposal costs.

□Applicable Not applicable

The recoverable amount is determined based on the present value of expected future cash flows.

□Applicable Not applicable

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

None

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

None

(3) Other instructions

4. Operating income and operating costs

Unit: Yuan Amount of current period Amount of previous period

Project

revenue cost revenue cost

Main business 90,132,110.47 57,323,526.98 81,336,024.05 55,847,039.47 Other businesses 585,369.58 587,333.95 560,185.75 453,554.99Total 90,717,480.05 57,910,860.93 81,896,209.80 56,300,594.46 Decomposition information of operating income and operating costs:

Unit: Yuan

Division 1 Division 2 Total

Contract classification

Operating income Operating cost Operating income Operating cost Operating income Operating cost Operating income Operating cost Business type

Among them:

90,125,13 58,504,13 90,125,13 58,504,13 Monocrystalline silicon wafer

7.02 8.21 7.02 8.21 Monocrystalline silicon rod 6,973.45 8,626.38 6,973.45 8,626.38 According to business location

Distinguish classification

Among them:

market or customer

Household type

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

Among them:

Contract type

Among them:

Transfer by product

give time

Classification

Among them:

According to contract period

Limited classification

Among them:

According to sales channel

Road classification

Among them:

90,132,11 58,512,76 90,132,11 58,512,76Total

0.47 4.59 0.47 4.59 Information related to performance obligations:

The company's pre-payments, the company's performance obligations, and the important payment terms. The company's commitment to transfer is the main responsibility.

The item will be refunded to the customer during the period. The type and time of the quantity guarantee. The nature of the goods. Anyone.

Account’s money and other explanations of related obligations

Information related to the transaction price allocated to the remaining performance obligations:

At the end of the reporting period, the amount of revenue corresponding to the performance obligations that have been signed but have not yet been performed or completed is RMB 4,834,683.53, of which RMB 4,834,683.53 is expected to be recognized in 2026, RMB 0.00 is expected to be recognized in 2027, and RMB 0.00 is expected to be recognized in 2028. Major contract changes or major transaction price adjustments

Unit: Yuan

Item Accounting treatment method Amount of impact on income

Other notes:

None

5. Investment income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Long-term equity investment income calculated using the cost method 50,000,000.00 40,000,000.00 Total 50,000,000.00 40,000,000.00

Full text of Zhejiang Zhongjing Technology Co., Ltd.'s 2026 semi-annual report

6. Others

None

20. Supplementary information

1. Detailed statement of non-recurring profits and losses for the current period

Applicable □Not applicable

Unit: Yuan

Item Amount Explanation of gains and losses from disposal of non-current assets -3,218.16 Government subsidies included in current profits and losses (closely related to the company’s normal operating business, in compliance with national policies and regulations,

1,659,749.91 (excluding government subsidies that are enjoyed according to determined standards and have a lasting impact on the company’s profits and losses)

Reversal of impairment provision for accounts receivable that has been separately tested for impairment 241,711.40 Other non-operating income and expenses other than the above items -2,599.02 Other profit and loss items that meet the definition of non-recurring profits and losses 49,613.00 Less: Income tax impact 361,092.64 Total 1,584,164.49 --Details of other profit and loss items that meet the definition of non-recurring profits and losses:

□Applicable Not applicable

The company has no other specific circumstances of profit and loss items that meet the definition of non-recurring profits and losses.

Explanation on defining the non-recurring profit and loss items listed in the "Explanatory Announcement No. 1 on Information Disclosure of Companies Publicly Offering Securities - Non-recurring Profit and Loss" as recurring profit and loss items

□Applicable Not applicable

2. Return on net assets and earnings per share

earnings per share

Profit for the reporting period Weighted average return on equity

Basic earnings per share (yuan/share) Diluted earnings per share (yuan/share) Net profit attributable to the company's ordinary shareholders 6.08% 0.22 0.22 Attributable to the company after deducting non-recurring gains and losses

5.85% 0.21 0.21 Net profit for ordinary shareholders

3. Differences in accounting data under domestic and foreign accounting standards

(1) Differences in net profit and net assets in financial reports disclosed in accordance with both international accounting standards and Chinese accounting standards

□Applicable Not applicable

(2) Differences in net profit and net assets in financial reports disclosed in accordance with both foreign accounting standards and Chinese accounting standards

□Applicable Not applicable

Full text of the 2026 semi-annual report of Zhejiang Zhongjing Technology Co., Ltd. (3) Explanation of reasons for differences in accounting data under domestic and foreign accounting standards. If differences are adjusted for data that have been audited by an overseas audit institution, the name of the overseas institution should be indicated.

4. Others

None