Halma Technology: 2026 Semi-Annual Report
Full text of 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Shandong Haomai Machinery Technology Co., Ltd.
HIMILE MECHANICAL SCIENCE AND TECHNOLOGY (SHANDONG) CO., LTD 2026 Semi-Annual Report
August 2026
Full text of 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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.
Shan Jiqiang, the person in charge of the company, Liu Haitao, the person in charge of accounting work, and Zhang Yue, the person in charge of the accounting department (accounting supervisor), 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 semi-annual report involves forward-looking statements such as future plans and does not constitute the company's substantive commitment to investors. Investors are advised to pay attention to investment risks.
The company is exposed to economic environment risks, exchange rate fluctuation risks, market competition risks, raw material price fluctuation risks, etc. Investors are advised to pay attention to investment risks. For details, please see "10. Risks faced by the company and countermeasures" in Section 3 of this report, "Management Discussion and Analysis".
The company plans not to distribute cash dividends, give away bonus shares, or convert public reserve funds into share capital.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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 ........................................ 23
Section 5 Important Matters ........................................................ 29
Section 6 Changes in Shares and Shareholders ........................................ 37
Section 7 Bond-Related Information .................................................. 42
Section 8 Financial Report ........................................................ 43
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Document directory for reference
Financial statements signed and stamped by the person in charge of the company, the person in charge of accounting work, and the person in charge of the accounting department.
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. Other relevant information.
4. The above documents must be prepared at: Securities Department of the Company.
Full text of 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Definition
Interpretation item refers to the interpretation content
"Company Law" means "Company Law of the People's Republic of China"
“Securities Law” refers to the “Securities Law of the People’s Republic of China”
China Securities Regulatory Commission refers to China Securities Regulatory Commission
The Group refers to Shandong Haomai Machinery Technology Co., Ltd., including subsidiaries
The Company and the Company refer to Shandong Haomai Machinery Technology Co., Ltd.
GMS refers to GLOBAL MANUFACTURING SERVICES, INC, a wholly-owned subsidiary of the company, Halma Power. Refers to Jinan Halma Power Equity Investment Fund Partnership (Limited Partnership), an associate company invested by Halma Capital. refers to Halma Capital Management Co., Ltd., an enterprise with significant influence as the controlling shareholder. Halma Thailand refers to Halma (Thailand) Co., Ltd., a wholly-owned subsidiary of the company.
Haomai Machine Tool refers to Shandong Haomai CNC Machine Tool Co., Ltd., a wholly-owned subsidiary of the company
Halma Mexico refers to Tyco Mexico Machinery Manufacturing Co., Ltd., a wholly-owned subsidiary of the company. Rizhao Halma Technology refers to Halma Machinery Technology (Rizhao) Co., Ltd., a wholly-owned subsidiary of the company. Halma Mold refers to Shandong Halma Mold Co., Ltd., a wholly-owned subsidiary of the company.
Cambodia Halma refers to Halma Cambodia Technology Co., Ltd., a wholly-owned subsidiary of the company
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Section 2 Company Profile and Main Financial Indicators
1. Company Profile
Stock abbreviation Halma Technology Stock code 002595 Stock abbreviation before change (if any) Not applicable
Stock exchange where stocks are listed Shenzhen Stock Exchange
The Chinese name of the company: Shandong Haomai Machinery Technology Co., Ltd.
Company’s Chinese abbreviation (if any) Halma Technology
The company's foreign name (if any) HIMILE MECHANICAL SCIENCE AND TECHNOLOGY (SHANDONG) CO., LTD The company's foreign name abbreviation (if any) HIMILE SCIENCE AND TECHNOLOGY
The legal representative of the company Shan Jiqiang
2. Contact person and contact information
Secretary of the Board of Directors Name of Securities Affairs Representative Li Jing Zhao Qianqian
Contact address: No. 2069, Haomai Road, Mishui Science and Technology Industrial Park, Gaomi City, Shandong Province No. 2069, Haomai Road, Mishui Science and Technology Industrial Park, Gaomi City, Shandong Province Tel: 0536-2361002 0536-2361002 Fax: 0536-2361536 0536-2361536 Email [email protected] [email protected]
3. Other situations
- 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.
- 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.
- Other relevant information
Whether other relevant information has changed during the reporting period
□Applicable Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
4. Main accounting data and financial indicators
Whether the company needs to retroactively adjust or restate previous years’ accounting data
□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) 6,016,260,725.89 5,265,115,116.12 14.27% Net profit attributable to shareholders of listed companies (yuan) 1,133,633,584.68 1,196,828,824.50 -5.28% of non-recurring deductions attributable to shareholders of listed companies
1,094,590,180.82 1,160,984,923.78 -5.72% Net profit of profit and loss (yuan)
Net cash flow generated from operating activities (yuan) 298,291,814.21 324,244,785.99 -8.00% Basic earnings per share (yuan/share) 0.9802 1.0348 -5.28% Diluted earnings per share (yuan/share) 0.9802 1.0348 -5.28% Weighted average return on equity 9.20% 11.40% -2.20%
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) 15,438,133,136.77 14,766,821,128.89 4.55% Net assets attributable to shareholders of listed companies (yuan) 12,360,680,928.53 12,026,670,875.68 2.78% Note: During the reporting period, the company implemented an equity distribution plan of converting capital reserve funds into share capital, with 4.5 shares added for every 10 shares. The company presented the earnings per share for the comparative period based on the adjusted share capital.
5. Differences in accounting data under domestic and foreign accounting standards
- 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.
- 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) 4,604,477.36
Government subsidies included in current profits and losses (closely related to the company’s normal business operations and in compliance with
National policy provisions, enjoyment in accordance with determined standards, and continuous impact on the company's profits and losses 27,330,841.09
(Except for government subsidies)
In addition to effective hedging business related to the company's normal business operations, non-financial enterprises
Gains and losses from changes in fair value arising from holding financial assets and financial liabilities and financial disposal 3,003,503.84
Gains and losses on assets and financial liabilities
Profit and loss from external entrusted loans 15,492,465.91
Other non-operating income and expenses other than the above items -3,470,369.56
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Less: Impact on income tax 7,968,840.58
Amount of impact on minority shareholders’ equity (after tax) -51,325.80 Total 39,043,403.86 Details of other profit and loss items that meet the definition of non-recurring gains 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
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 the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Section 3 Management Discussion and Analysis
1. The main business of the company during the reporting period
(1) The main business engaged in by the company during the reporting period
The company is mainly engaged in the production and sales of radial tire flexible molds, the casting and finishing of large-scale mechanical parts and components, and the research, development, production and sales of machine tool equipment related products (hereinafter collectively referred to as "machine tool products").
- Tire mold
The company's tire molds cover motorcycle tire molds, aircraft tire molds, passenger tire molds, truck tire molds, engineering tire molds, giant tire molds, capsule molds, air spring molds, etc.
As the vulcanization molding equipment in the complete tire production line, the molding and dimensional accuracy of tire patterns, patterns, fonts and other appearance features all rely on tire molds. The company continues to promote the automation and intelligent upgrading of tire mold manufacturing and vulcanizer molding equipment to enhance flexible manufacturing capabilities and quickly respond to customer needs. The company's tire molds are single-piece, small-batch, order-based products, and adopt a business model based on sales-based production, production-based ordering, and direct sales. During the reporting period, no major changes occurred in the company.
The products in the tire mold industry are highly personalized, and there is a big difference in the prices of high-, medium- and low-end products. Factors such as the company's innovative research and development level, product quality, processing cycle, service level, etc. determine its market positioning and price level. The company is mainly positioned in the mid-to-high-end market and currently has obvious comprehensive advantages and competitiveness in R&D, technology, production capacity, varieties, and international layout. In recent years, in order to adapt to the new needs of industry development, especially the higher requirements for tire performance put forward by new energy vehicles, tire companies have widely adopted new technologies, new materials, new processes, and new patterns, and accordingly have placed higher and higher demands on tire mold products. The company has given full play to its innovative research and development, technical process With its comprehensive advantages in comprehensiveness and advancement, stability of product quality, and rapid response to meet customer special needs, it has quickly launched new technologies and new products such as high-efficiency energy-saving molds, electric heating vulcanizers, and electric heating molds. Energy conservation and emission reduction help achieve the goal of sustainable development, and its comprehensive competitive advantages have become increasingly obvious.
- Large parts and machinery products
The company's large-scale component machinery products are customized industrial intermediate products. They are designed, cast and processed according to the customer's corresponding product parameters. They mainly provide supporting equipment for downstream complete equipment manufacturers. The company's business mainly focuses on the casting and finishing of energy product parts such as wind power and gas turbines. It also involves some die-casting machines, injection molding machines, engineering machinery and other fields. Relying on its strong R&D, casting strength and machining capabilities, the company is able to provide overall solutions and one-stop services from rough to finished products, forming a comprehensive advantage in the integration of casting and processing, which is conducive to better meeting customer needs and providing customers with convenient services.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The company has established long-term strategic cooperative relationships with many well-known domestic and foreign industry leaders, mainly GE, Mitsubishi, Siemens, Dongfang Electric, Shanghai Electric, CRRC, Harbin Electric, etc. Relying on its strong R&D capabilities, technical support, product quality and construction schedule guarantee, it has won many awards such as "Best Supplier" from customers.
- Machine tool products
The company's machine tool products cover multi-axis composite metal cutting and laser machine tools, machine tool functional components, etc. The products have been used in precision molds, automobile manufacturing, electronic information, tool processing, education, energy, semiconductor and other industries. It has a complete research, production, supply, sales and service system, which can provide customers with complete process solutions and one-stop services. The machine tool products that the company has introduced to the market include direct-drive turntables, vertical five-axis machining centers, precision machining centers, horizontal five-axis machining centers, horizontal turning and milling composite machining centers, vertical milling and turning composites, superhard tool five-axis laser machining centers, five-axis ultra-fast laser micromachining machine tools and other series of products. At the same time, it can provide customers with personalized customized services.
Since its establishment, the company has been committed to the R&D and manufacturing of machine tool equipment. It has successfully self-produced EDM machine tools and three-axis, four-axis, five-axis machine tools and other models, and put them into mass production and application. It has continued to innovate and product upgrade iterations, which has established the company's competitive advantages in the tire mold industry and other industries' business and products. Based on years of successful experience and technology accumulation in self-made machine tool research and development, the company's machine tool products have reached the domestic leading level in terms of product functions and performance, and are in line with international advanced levels. It has established a research and development application team involved in functional component research and development, complete machine tool research and development, software development, CNC engineering applications, overall solutions and other machine tool-related fields. The company has a full industrial chain layout from technology research and development, casting, heat treatment, machining, mechanical assembly, inspection and testing, and has established a high-standard R&D, manufacturing and quality control system in line with international standards, which effectively guarantees the accuracy and stability of machine tools.
In order to better develop high-end CNC machine tools, break through key common technologies and cutting-edge leading technologies in the industry, and accelerate industrial application, the company independently invested in the construction of a machine tool laboratory. After two years of construction, the laboratory covers an area of 13,000 square meters. It has initially formed a complete innovation system from R&D and manufacturing to experimentation and application. It has full-process, multi-level pilot verification and comprehensive testing capabilities. It provides platform support for iterative optimization of the functional performance of CNC machine tools, product maturation of CNC systems and key functional components, and efficient transformation of major scientific and technological achievements. It lays a solid foundation for the company's improvement of independent innovation capabilities of high-end CNC machine tools and breakthroughs in key links in the industrial chain.
(2) Industry conditions of the company during the reporting period
- Tire mold industry
The tire mold industry is a market-oriented competition industry under the national macro guidance and the association's self-discipline management. Enterprises can independently arrange production according to market demand. The continuous iteration of tire technology and the increasing consumer demand for tire performance and personalized appearance have jointly driven the need for the development of new molds. In recent years, with the steady development of the global automobile industry, especially the continued increase in the share of new energy vehicles, higher requirements have been placed on tires in terms of handling performance, energy conservation, environmental protection, and appearance design. In order to enhance the competitiveness of product differentiation, tire companies continue to launch diversified tire series, driving tire molds to continue to rapidly iterate in the direction of intelligence, precision and customization, thereby promoting the steady growth of mold market demand.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
In the first half of 2026, global car ownership continued to grow, especially the increase in the penetration rate of new energy vehicles and the rigid demand for regular tire replacement, which provided a solid foundation for the tire industry and was transmitted to the tire mold industry.
Currently, factors such as the slowdown in global economic growth, tense geopolitical situations, rising raw material prices, and changes in international trade policies may have a certain impact on the investment pace and new production capacity launch progress of downstream tire manufacturers, which in turn affects the pace and total volume of tire mold orders.
- Large parts and machinery products
The company's large-scale component machinery products mainly focus on the casting and finishing of energy product components such as wind power and gas turbines.
(1) Gas turbine industry
According to data from the International Energy Agency (IEA) and multiple market research institutions, the global newly installed gas turbine capacity will be 100.3 GW in 2025, an increase of 72.3% from 58.2 GW in 2024. Among them, H-class high-efficiency gas turbine units have become the focus of competition due to their advantages of high power generation efficiency, hydrogen energy compatibility, and rapid peak shaving.
As of the first half of 2026, the three major gas turbine giants, GE Vernova, Siemens Energy and Mitsubishi Heavy Industries, have received orders for nearly 150 heavy-duty gas turbines. The orders have been scheduled to 2029 to 2030, with a delivery cycle of more than 4 years. Growth demand mainly comes from North America, Europe, the Middle East, and Southeast Asia: (1) Self-provided power supply for AI computing power is still the strongest increase, in 2026 Among the new orders in the first half of the year, self-owned power plants in North American data centers made a significant contribution; (2) new large-capacity gas turbine combined cycle projects relying on LNG infrastructure, mainly concentrated in the Middle East and Southeast Asia; (3) new energy supporting peak shaving power sources, wind power and photovoltaic installed capacity continued to grow, and the power grid required gas turbines for peak shaving; (4) existing gas turbine units were updated and replaced. F-class units put into operation around the world around 2000 gradually entered a transformation and replacement cycle, creating a continuous demand for replacement.
At the same time, the development of domestic gas turbines has shown two major breakthrough trends: First, independent technology has achieved leapfrog progress, and domestic heavy-duty gas turbines have entered the stage of industrialization and promotion, and R&D upgrades have continued; second, with the global gas turbine market in short supply, domestic gas turbines have taken advantage of the trend to go overseas, ushering in a new window period.
Driven by technological innovation and market demand, the development prospects of the gas turbine industry continue to improve, and it is expected to remain an important pillar of the global power system in the next ten years. Relying on outstanding advantages such as flexible start and stop, clean and low-carbon, economical and efficient, gas turbines will continue to carry out the dual mission of ensuring supply and energy transformation.
(2) Wind power industry
According to Bloomberg New Energy Finance's forecast, global new installed wind power capacity is expected to reach 154GW in 2026. Global wind power maintains a high boom, and overseas sea and land wind power are expanding simultaneously. The European market has experienced outstanding growth. Germany’s onshore wind power installed capacity increased by 54.5% year-on-year in the first half of the year, and demand from emerging markets in Southeast Asia and India has been steadily released. Relying on mature complete machine manufacturing technology, complete industrial chain supporting facilities and outstanding cost advantages, domestic mainstream complete machine manufacturers continue to accelerate their global layout and have achieved outstanding results in overseas market expansion. In the first half of 2026, the scale of overseas bids reached 15.04GW, a year-on-year increase of 47%.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Exports of equipment increased by 35.6% year-on-year, and the proportion of overseas orders continued to increase, which effectively hedged against periodic domestic market fluctuations, continued to enhance the global influence and market share of Chinese wind power brands, and became the core growth momentum of the industry.
According to data from the National Energy Administration, in the first half of 2026, 38.62GW of new domestic wind power was connected to the grid, which fell slightly year-on-year due to the high base of rush installation in the industry in 2025. Combining data from Polaris Power Network and Fengmang Energy, global wind power unit winning bids in the first half of 2026 totaled 72.1GW, of which 57.06GW were won domestically. The pace of domestic bidding has slowed down and order releases have shrunk. The installed capacity in June recovered month-on-month and year-on-year, showing a short-term recovery trend. In the first half of 2026, domestic wind power is in a phased adjustment stage, with weak terminal demand, strong expectations from owners, and delayed project construction. It is expected that the wind power market will gradually pick up in the second half of the year, and a large number of projects reserved in the early stage will be started and connected to the grid. There is a high probability that the installed capacity will rebound. In the long term, the general trend of domestic wind power transformation remains unchanged, and deep-sea wind power and the renovation of old wind turbines will continue to bring new demand. As industry inventories are gradually digested and market competition slowly eases, the profitability of the industry chain is expected to steadily improve.
- Machine tool industry
The company's main products are functional components and high-end CNC machine tools. As industrial mother machines, high-end CNC machine tools are a solid support for manufacturing in major countries and are national basic and strategic industries.
From January to June 2026, the machine tool tool industry completed operating revenue of 530.9 billion yuan, a year-on-year increase of 7.6%, continuing the upward trend, of which the metal cutting machine tool sub-sector increased by 15.6% year-on-year. The machine tool tool industry achieved a total profit of 19.6 billion yuan, a year-on-year increase of 110.8%. Although the year-on-year increase was relatively large, the current overall average profit margin of the industry is only 3.7%, and profitability is still at a low level. According to the statistics of enterprises above designated size released by the National Bureau of Statistics, the output of metal cutting machine tools in the first half of 2026 was 432,000 units, a year-on-year increase of 6.9%. According to statistical data from key enterprises contacted by the association, in the first half of the year, new orders and orders on hand for metal cutting machine tools increased by 20.5% and 19.1% year-on-year respectively. (Excerpted from "Economic Operation of the Machine Tool Industry in the First Half of 2026" issued by the China Machine Tool Industry Association)
In the first half of the year, benefiting from the rapid development of emerging industries and the acceleration of domestic substitution, demand for high-end machine tool equipment was strong, and the industry as a whole continued its growth trend in the first quarter. New orders for metal cutting machine tools increased by 20.5% year-on-year, mainly due to the growth in demand from emerging industries, such as the surge in demand for processing AI liquid-cooled parts and server precision structural parts, the acceleration of mass production of core parts for humanoid robots, the acceleration of commercial exploration of low-altitude economies, and the large-scale production of new energy storage battery structural parts and energy storage inverters. Emerging tracks have driven the growth in demand for high-precision, intelligent, complete sets and line machine tool equipment. In addition, the continuous release of independent and controllable demand for high-end equipment and national security fields, and the obstruction of the import of some high-end products have combined to accelerate the localization of high-end machine tool equipment. The release of emerging industries and localized substitution demand has not only boosted the demand for metal cutting machine tools, but also accelerated the improvement of the level of the metal cutting machine tool segmentation industry chain and the optimization of the structure. (Excerpted from "Economic Operation of the Machine Tool Industry in the First Half of 2026" issued by the China Machine Tool Industry Association)
In the second half of 2026, from the perspective of domestic demand, this year is the first year of the "15th Five-Year Plan". my country's economy will maintain an overall stable and new and excellent development trend. The national strategy drives emerging pillar industries to accelerate large-scale layout. The development of related industries will continue to stimulate the structural expansion of machine tool market demand. From the perspective of external demand, the current international situation is complex and changeable. The world economic growth is generally slowing down, international trade is also slowing down, and most countries are experiencing inflation.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The pressure rises significantly. In addition, the continued impact of export control policies on dual-use items has increased the uncertainty of external demand. Based on relevant factors, it is expected that the machine tool industry as a whole is expected to maintain a steady growth trend in the second half of the year, but the growth rate may fall slightly. (Excerpted from "Economic Operation of the Machine Tool Industry in the First Half of 2026" issued by the China Machine Tool Industry Association)
(3) The company’s operating conditions in the first half of 2026
- Tire mold
The company continues to independently develop and update proprietary equipment for tire mold production and manufacturing. The rate of self-made machine tools in use in the production line is close to 80%, such as EDM machine tools, engraving machines, five-axis drilling machines, etc., which has laid the equipment foundation for the development of the tire mold business and is also one of the core competitiveness of the development of the tire mold business. Through continuous process optimization and innovation, green, digital, and intelligent transformation and upgrading, we can maintain product quality stability while improving production efficiency, shortening product processing cycles, and meeting urgent order demands brought about by rapid market changes. The company has carried out the construction of foreign factories and domestic Kuiwen production base in an orderly manner to improve market response capabilities.
In the first half of 2026, the company's tire mold business had sufficient orders, achieving operating income of 3.145 billion yuan, a year-on-year increase of 19.66%, and a gross profit margin of 36.49%, a year-on-year decrease of 3.72 percentage points. This was due to the superposition of factors such as project expansion, increase in the number of employees and labor costs, and exchange rate changes.
- Large parts and machinery products
The company has the casting and finishing capabilities for mechanical products. Its large-scale mechanical products mainly focus on the casting and finishing of energy product parts such as wind power and gas turbines. It can provide customers with one-stop service from rough to processing. The casting production line and finishing production line can be switched and adjusted between different products. During the reporting period, the "R&D and industrialization project of high-end equipment key components" invested and constructed by the company's wholly-owned subsidiary Haomai Machinery Technology (Rizhao) Co., Ltd. is progressing steadily.
In the first half of 2026, the company's orders for large-scale parts and machinery products are full, and the production lines are operating at full capacity. During the reporting period, the operating income was 2.014 billion yuan, a year-on-year increase of 3.42%; the gross profit margin was 19.94%, a year-on-year decrease of 4.36 percentage points, which was due to the comprehensive impact of factors such as the increase in the number of employees and labor costs, and exchange rate changes.
- CNC machine tools
The company's machine tool project has been deeply involved in the research and development and industrialization promotion of multi-axis composite processing machine tools and key functional components for a long time. In April 2026, at the 14th China CNC Machine Tool Exhibition (CCMT 2026), the company concentrated on displaying 7 new products of different specifications, covering precision vertical five-axis machining centers, vertical five-axis turning and milling compound machining centers, precision machining centers, horizontal five-axis turning and milling compound machining centers and other series. It is oriented to high-precision and efficient machining of complex parts and multi-process composite application scenarios. The products are high-speed, high-precision, efficient, intelligent, and green. During the exhibition, the XSG800 precision machining center and the LTM55U five-axis ultra-fast laser micromachining machine tool both won the "Spring Yan Award" of the China Machine Tool Industry Association, and the XHS630
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The vertical five-axis machining center won the title of "Top Ten Product Quality", demonstrating the company's technical strength and product competitiveness in the field of high-end CNC machine tools.
Through continuous brand operation and market expansion, the company's series of core products such as vertical five-axis machining centers, precision machining centers, super-hard tool five-axis laser machining centers, horizontal five-axis machining centers, and horizontal turning and milling composite machining centers have steadily grown in customer groups in various regions across the country. They have been serving industries such as precision molds, semiconductors, cutting tools, precision machining, energy, and automobile manufacturing in batches, and the market structure continues to be optimized.
In the first half of 2026, the company's CNC machine tool business achieved external operating income of 383 million yuan, a year-on-year decrease of 24.46%. However, the company's internal demand for self-used machine tools has increased significantly. Taken together, the overall machine tool output of CNC machine tool companies increased during the reporting period.
2. Analysis of core competitiveness
- R&D innovation and technological process advantages
As a national high-tech enterprise, the company attaches great importance to R&D and innovation, and has obtained more than 390 invention patents in total; it has successively launched new technologies and new products such as high-efficiency and energy-saving molds, electric heating vulcanizers and electric heating molds; and continues to independently develop and upgrade special equipment for mold manufacturing automation, which not only improves production efficiency and reduces labor costs, but also greatly improves the competitiveness of its products. In the tire mold business, the company has mastered three mold processing technologies: EDM, engraving, and precision casting aluminum. At the same time, it keeps up with the trend of technological development and uses a variety of new processes such as laser engraving and 3D printing in the mold manufacturing process. The comprehensiveness, advancement, and stability of the technical process have significant advantages in the industry. In the large parts machinery product business, the company relies on its strong R&D, casting strength and machining capabilities to form comprehensive advantages in the integration of casting and processing, which is conducive to better meeting customer needs and providing customers with convenient services. The company's machine tool products are in line with the international advanced level. After nearly 30 years of R&D, improvement, and iterative upgrades, they have reached the domestic leading level in terms of accuracy and performance, and are highly praised by customers and industry experts.
- Market and brand advantages
As a tire mold manufacturer with global technology leadership and obvious comprehensive competitiveness, the company occupies a leading position in the tire mold manufacturing market with personalized, complex processes and high technical requirements. It provides high-quality products and services to domestic and foreign tire manufacturers and has a good reputation. Customers' recognition and trust in the company are increasingly deepened. We have established subsidiaries in Asia, Europe, North and South America and other regions, forming a relatively complete global production and service system to serve customers at close range and solve their worries. As a casting and finishing supplier of large-scale parts and machinery products, the company is able to provide overall solutions and one-stop services from rough to finished products. It has established strategic cooperative relationships with many Fortune 500 customers and has won many awards such as "Best Supplier" from customers. Since its external sales in 2022, the company's machine tool products have been quickly recognized by customers and industry experts, receiving good reviews and feedback, and its brand image and industry status have rapidly improved.
The company relies on strong R&D capabilities, technical support, product quality and construction schedule guarantees to create a good brand image, achieve diversification of the industry and product system, and achieve balanced and steady development of each business segment.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Good corporate culture and management advantages
In line with the corporate purpose of "striving to build Haomai into an ideal platform for employees to realize their self-worth and contribute to society" and the concept of "partnership and cooperation", the company creates a harmonious, inclusive, innovative and efficient working atmosphere, forming a strong cultural heritage that supports the company's rapid development. The company has a mature, stable and professional management team, established a strict quality management system, and provides strong impetus for the company's future development through innovation and continuous improvement by all employees.
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
This reporting period The same period last year Year-on-year increase or decrease Reasons for changes
Operating income 6,016,260,725.89 5,265,115,116.12 14.27%
Operating costs 4,067,835,975.45 3,449,458,879.23 17.93%
Selling expenses 46,783,395.21 43,074,629.19 8.61%
Management expenses 151,302,517.23 134,147,153.08 12.79%
Mainly due to foreign exchange financial expenses caused by exchange rate changes during the reporting period 98,837,702.50 -72,968,435.99 235.45%
Due to increased exchange losses.
Mainly due to the increase in income tax expenses 132,595,906.16 194,917,825.92 -31.97% due to the additional deduction amount for R&D during the reporting period and the additional income from final settlement in the same period last year
Due to the base effect of tax expenses. cash flow from operating activities
298,291,814.21 324,244,785.99 -8.00%
Net amount
Cash flow generated from investing activities is mainly due to the decrease in structural deposits purchased during the reporting period.
-5,420,526.59 -283,048,533.65 98.08%
The net amount is small.
cash flow from financing activities
-807,654,099.75 -46,122,172.63 -1,651.12% Mainly due to the increase in dividend distribution during the reporting period. Net amount
Net increase in cash and cash equivalents
-559,939,634.99 34,068,685.80 -1,743.56% Mainly due to the increase in dividend distribution during the reporting period. Top up
Gains (losses) from changes in fair value were mainly due to the forward foreign exchange settlement and sales business carried out during the reporting period.
230,683.31 0.00
Failure to fill in the column with a "-" sign).
Asset impairment loss (loss is mainly due to the fact that no asset impairment loss occurred during the reporting period
0.00 -5,004.43 100.00%
Fill in the column with "-" sign).
Income from asset disposals (losses in the amount of
6,342,358.10 -8,605.50 73,801.22%
Fill in the column with "-" sign) Many reasons.
Mainly due to the decrease in non-operating income due to compensation received during the reporting period 1,648,772.90 3,562,462.50 -53.72%
To.
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 The same period last year Year-on-year increase or decrease
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Amount % of operating income Amount % of operating income
Total operating income 6,016,260,725.89 100% 5,265,115,116.12 100% 14.27% Industry
Automobile tire equipment industry 3,488,838,402.42 57.99% 2,737,404,420.44 51.99% 27.45%Large parts and machinery products 2,013,780,150.84 33.47% 1,947,129,400.71 36.98% 3.42% CNC machine tools 382,577,532.08 6.36% 506,455,746.69 9.62% -24.46% Others 131,064,640.55 2.18% 74,125,548.28 1.41% 76.81% Products
Mold 3,144,645,738.95 52.27% 2,627,894,147.29 49.91% 19.66% Large parts and machinery products 2,013,780,150.84 33.47% 1,947,129,400.71 36.98% 3.42% CNC machine tools 382,577,532.08 6.36% 506,455,746.69 9.62% -24.46% Others 475,257,304.02 7.90% 183,635,821.43 3.49% 158.80% By region
Domestic sales - operating income 3,231,869,840.11 53.72% 3,036,653,846.21 57.67% 6.43% Foreign sales - operating income 2,784,390,885.78 46.28% 2,228,461,269.91 42.33% 24.95% 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 is higher than operating cost is higher Gross profit margin is higher than 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 of the year By industry
Automobile tire equipment industry 3,488,838,402.42 2,197,145,366.76 37.02% 27.45% 34.44% -3.28%Large parts and machinery products 2,013,780,150.84 1,612,201,725.62 19.94% 3.42% 9.38% -4.36% by product
Mold 3,144,645,738.95 1,997,241,530.96 36.49% 19.66% 27.12% -3.72%Large parts and mechanical products 2,013,780,150.84 1,612,201,725.62 19.94% 3.42% 9.38% -4.36% by region
Domestic sales 3,117,502,392.02 2,277,852,790.38 26.93% 5.00% 7.59% -1.76%Export sales 2,767,693,693.32 1,757,875,708.89 36.49% 24.56% 33.77% -4.37% 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
5. Analysis of assets and liabilities
- Major changes in asset composition
Unit: Yuan
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
At the end of the reporting period, the increase or decrease in the proportion of major changes at the end of the previous year
Amount Proportion of total assets Amount Proportion of total assets Explanation Monetary funds 900,179,043.57 5.83% 1,482,623,533.91 10.04% -4.21% Accounts receivable 4,245,102,797.60 27.50% 3,498,426,993.26 23.69% 3.81% Inventory 3,135,706,765.34 20.31% 2,692,902,388.85 18.24% 2.07% Investment real estate 79,409,953.78 0.51% 71,168,325.25 0.48% 0.03% Long-term equity investment 100,196,033.42 0.65% 107,574,630.24 0.73% -0.08% Fixed assets 3,470,180,925.70 22.48% 3,072,173,780.98 20.80% 1.68% Construction in progress 558,808,472.00 3.62% 500,012,287.55 3.39% 0.23% Right-of-use assets 19,561,578.70 0.13% 16,341,336.07 0.11% 0.02% Short-term borrowings 70,841,858.05 0.46% 210,173,555.56 1.42% -0.96% Contract liabilities 481,295,972.87 3.12% 334,904,577.80 2.27% 0.85% Lease liabilities 10,134,445.02 0.07% 9,073,316.47 0.06% 0.01% Trading financial assets 0.00 0.00% 450,000,000.00 3.05% -3.05% Development expenses 94,588.96 0.00% 0.00% Deferred income tax assets 79,208,812.63 0.51% 43,681,083.71 0.30% 0.21%Other non-current assets 468,459,711.42 3.03% 323,703,193.77 2.19% 0.84%Accounts payable 1,157,604,641.25 7.50% 881,050,963.97 5.97% 1.53% Deferred income 166,228,722.82 1.08% 126,318,269.14 0.86% 0.22% Equity 1,160,000,000.00 7.51% 800,000,000.00 5.42% 2.09% Capital reserve 216,365,454.10 1.40% 566,412,003.13 3.84% -2.44% Other comprehensive income -18,898,940.93 -0.12% 32,275,567.05 0.22% -0.34%
- Major overseas assets
□Applicable Not applicable
- Assets and liabilities measured at fair value
Applicable □Not applicable
Unit: Yuan Fairly included in equity in the current period
Provision in this period Purchase in this period Sell in this period
Item Opening amount Change in value Cumulative fair price Other changes Impairment of closing amount Amount Amount
Changes in profit and loss value
financial assets
- Transactional finance
450,000,00 706,000,0 1,156,000
Assets (excluding derivatives 0.00
0.00 00.00 ,000.00
financial assets)
- Accounts receivable 390,665,84 300,851,9
89,813,86 capital 4.23 83.61 0.62 -
840,665,84 706,000,0 1,156,000 300,851,9Total of the above 89,813,86 4.23 00.00,000.00 83.61
0.62
Full text of Shandong Haomai Machinery Technology Co., Ltd.'s 2026 Semi-annual Report Financial liabilities 0.00 0.00 Contents of other changes: Other changes in receivables financing are the net decrease in the current period.
Whether there are any significant changes in the measurement attributes of the company's main assets during the reporting period
□Yes No
- Restrictions on asset rights as of the end of the reporting period
Item Ending balance (yuan) Beginning balance (yuan)
Labor wage deposit and foreign exchange settlement and sales business deposit 231,714.81 231,655.25 Letter of guarantee deposit and letter of credit deposit 10,012,156.94 32,517,071.85
Total 10,243,871.75 32,748,727.10
6. Investment status analysis
- Overall situation
Applicable □Not applicable
Investment amount during the reporting period (yuan) Investment amount during the same period last year (yuan) Change range
215,416,814.41 100,396,841.88 114.57%
- Major equity investments obtained during the reporting period
□Applicable Not applicable
- Major non-equity investments ongoing during the reporting period
□Applicable Not applicable
- Financial asset investment
(1) Securities investment situation
□Applicable Not applicable
The company had no securities investments during the reporting period.
(2) Derivatives investment situation
Applicable □Not applicable
- Derivative investments for the purpose of hedging during the reporting period
Applicable □Not applicable
Unit: RMB 10,000 in the current period Included in equity End of period investment Initial investment At the beginning of the period During the reporting period During the reporting period End of the period
Cumulative fair value of derivative investment type accounts for the company's reported amount. Purchase amount. Sell amount.
Loss from changes Change in fair value Reported net equity at the end of the period
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Proportion of beneficial movable assets
Forex Derivative Trading-Dual Currency Far
2,866.54 23.07 2,866.54 2,866.54 0.00% period
Total 2,866.54 23.07 2,866.54 2,866.54 0.00%
Hedging business during the reporting period
Accounting policies and accounting details
Principles, and compared with the previous reporting period During the reporting period, there were no significant changes in the company’s accounting policies and specific accounting principles for derivatives compared with the previous reporting period.
compared to whether significant changes have occurred
Description
Actual profit and loss during the reporting period: During the reporting period, the accumulated gains and losses from changes in fair value were RMB 230,700. The impact on investment income is -103,400 yuan. The total impact on the company's profit is RMB 127,300.
The company does not conduct forward foreign exchange transactions for the purpose of speculation. All forward foreign exchange businesses are based on normal production and operations, and the effect of hedging is explained.
The principle of neutral exchange rate avoids and prevents the risk of foreign exchange rate fluctuations faced by the company, and enhances the company's financial stability. Source of funds for derivatives investment: foreign exchange receipts from exports
The company’s foreign exchange hedging business follows the principle of soundness and does not conduct foreign exchange transactions for speculative purposes. All foreign exchange hedging business is based on normal production and operations, relies on specific operating businesses, and aims to avoid and prevent exchange rate risks. However, there are certain risks involved in foreign exchange hedging business, including:
Exchange rate fluctuation risk: When exchange rates fluctuate significantly, the bank's quoted exchange rate for foreign exchange settlement and sales may be lower than the company's quoted exchange rate to customers (suppliers), making the company unable to lock in the quoted exchange rate, resulting in exchange losses.
Operational risk: Foreign exchange hedging business is highly professional and complex. Improper operations may occur in the prediction of exchange rate trends and the design of hedging plans, resulting in risks.
Risk of default by customers or suppliers: If customer accounts receivable are overdue or payments to suppliers are delayed, the actual cash flow may not fully match the period or amount of the foreign exchange hedging business that has been operated, resulting in losses to the company.
Payment and repayment forecast risks: The company usually makes payment and repayment forecasts based on customer orders and expected orders. However, during the actual execution process, suppliers or customers may adjust their own orders and forecasts, causing the company's repayment forecasts to be inaccurate, resulting in the risk of foreign exchange hedging and delayed delivery of derivatives positions in the reporting period.
Description of analysis and control measures (including 5. Counterparty default risk: Foreign exchange hedging business has risks caused by default due to failure to perform when the contract expires. Including but not limited to market risk, flow 2. Risk control measures taken by the company
In order to control the risk of large exchange rate fluctuations, the company will strengthen the research and analysis of exchange rates, pay real-time attention to the changes in the international and domestic market environment (change risks, legal risks, etc.), adjust operations and business operation strategies in a timely manner, and avoid exchange losses to the greatest extent.
The company has formulated the "Foreign Exchange Hedging Business Management System", established an internal control and risk management mechanism regarding the operational risks of the foreign exchange hedging business, and clarified the operating principles, approval authority, business processes, risk management, etc. of the foreign exchange hedging business. The company has equipped business operations, risk control and other professionals to be responsible for the company's exchange rate risk management, market analysis, product research and company's overall management policy recommendations and other specific work.
The company’s foreign exchange transactions are based on normal production and operations, relying on specific operating businesses, using hedging as a means, and with the purpose of avoiding and preventing exchange rate risks. It does not conduct foreign exchange transactions purely for the purpose of profit.
The company will strictly follow the customer repayment plan and control the total amount of foreign exchange funds and the time for foreign exchange settlement and sales. In principle, the amount and time locked in foreign currency hedging business should match the amount and time of withdrawal of foreign currency payments. At the same time, the company will attach great importance to the management of foreign currency accounts receivable and try to avoid overdue accounts receivable.
The company only conducts foreign exchange hedging business with banks and other financial institutions with relevant business qualifications to ensure the legality of the company’s foreign exchange derivatives transaction management work.
Invested derivatives were listed during the reporting period
Changes in market price or product fair value
The company confirmed the gains and losses from derivatives investments during the reporting period. During the reporting period, the company confirmed gains and losses of 230,700 yuan from changes in fair value. The fair value of derivatives
Yuan. The fair value calculation is based on the forward exchange rate quotation on the balance sheet date provided by the financial institution that is consistent with the product maturity date. The specific use should be disclosed.
Accurate.
The methods used and related assumptions and parameters
number setting
Litigation involvement (if applicable) Not applicable
Derivatives investment approval board meeting
October 25, 2025
Report disclosure date (if any)
- Derivative investments for speculative purposes during the reporting period
□Applicable Not applicable
Full text of Shandong Haomai Machinery Technology Co., Ltd.'s 2026 Semi-Annual Report The company had no derivative investments for speculative purposes during the reporting period.
- 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
- Sale of major assets
□Applicable Not applicable
The company did not sell any major assets during the reporting period.
- 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: Yuan
Company name Company type Main business Registered capital Total assets Net assets Operating income Operating profit Net profit Shandong Haomai CNC General equipment 532,241,4 2,607,146 1,695,097 1,027,577 287,484,5 263,183,8
Subsidiaries
Machine Tool Co., Ltd. Manufacturing 87.00,181.17,493.40,792.89 08.57 27.84 Acquisition and disposal of subsidiaries during the reporting period
Applicable □Not applicable
Company name Method of acquiring and disposing of subsidiaries during the reporting period Impact on overall production operations and performance
Halma Cambodia Technology Co., Ltd. Established and obtained No significant impact
9. Structured entities controlled by the company
□Applicable Not applicable
10. Risks faced by the company and countermeasures
- Economic environment risks
The development of the industry is inseparable from the social situation. There is uncertainty in the impact of political, economic environment and policy changes on the development of the industry, which may affect the sales and revenue growth of the company's products. The company will promptly formulate effective prevention mechanisms in response to changes in domestic and foreign political and economic environments. At the same time, it will rely on various advantages to strengthen internal management and strive to create new performance growth points. It will also pay close attention to changes in the macro operating environment and policies, and actively and quickly handle and respond to the risks and challenges they bring.
- Exchange rate fluctuation risk
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Over the years, the company has been committed to exploring overseas markets and developing high-end foreign customers. The company's export sales revenue accounts for a relatively high proportion. my country's RMB implements a managed floating exchange rate system. Fluctuations in the exchange rate will directly affect the sales pricing of the company's export products, thereby affecting the company's profitability and bringing certain risks to the company's operations. In addition, as the scale of export business continues to grow, the company's foreign currency assets will also increase accordingly, and fluctuations in the exchange rate of RMB against foreign currencies will bring exchange gains and losses to the company. Hedging business can avoid foreign exchange market risks to a certain extent and prevent the adverse effects of large fluctuations in exchange rates. The company will choose the opportunity to carry out hedging business.
- Market competition risks
Currently, the company has demonstrated strong product advantages in tire mold manufacturing, large parts machinery products and machine tool business, demonstrating its core competitiveness in various fields. However, in the market competition, if the company cannot further enhance its strength in terms of production capacity scale, technology research and development, product quality, efficiency and cost in a timely manner, the company's performance may be adversely affected. The company will continue to dig deep into its core competitiveness such as R&D and technological innovation, and further enhance its comprehensive competitiveness by strengthening internal management and strictly controlling product quality.
- Risk of raw material price fluctuations
The company's main raw materials are forged steel, pig iron, scrap steel, aluminum ingots, etc. Fluctuations in the prices of raw materials such as steel and non-ferrous metals may cause fluctuations in profitability to a certain extent. Judging from the actual situation, the company strives to strengthen the control of production links through equipment upgrades, process improvements, management improvements, etc., and by tracking price changes in the raw material market and increasing or reducing reserves in a timely manner, the adverse impact of raw material price fluctuations on the company's production and operations can be reduced to a certain extent.
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
For details, please refer to the "Market Value Management System" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on October 15, 2025.
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
The company has formulated an action plan of "Double Improvement of Quality and Return", with specific measures focusing on the main business, continuous innovation, corporate governance, information disclosure and other aspects. For details, please refer to the "Announcement on the "Dual Improvement of Quality and Return" Action Plan" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on August 31, 2024 (announcement number: 2024-023).
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
During the reporting period, the company implemented the relevant measures of the "double improvement of quality and return" action plan, focused on its main business, emphasis on research and development, continuous innovation, gave full play to its own advantages, continued to improve the company's competitiveness and value creation capabilities, and achieved operating income of 6.016 billion yuan, a year-on-year increase of 14.27%. The company strengthens positive communication and interaction with investors through shareholders' meetings, performance briefings, online collective reception days for investors of listed companies in Shandong jurisdiction, etc., and conducts standardized information disclosure on major matters in a timely, accurate and fair manner. It has been rated "A" in the annual information disclosure assessment of listed companies on the Shenzhen Stock Exchange for eight consecutive years.
Since its listing, the company has continuously improved its governance level, continued to distribute cash dividends, and actively returned investors. As of the disclosure date of this report, the company has distributed a total of approximately 4.776 billion yuan in cash dividends, effectively enhancing investors' sense of gain.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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
- Equity incentives
During the reporting period, the company did not implement an equity incentive plan.
- Implementation of employee stock ownership plan
Applicable □Not applicable
All effective employee stock ownership plans during the reporting period
The total number of stocks held accounts for the share capital of listed companies
Scope of employees Number of employees Changes Funding sources to implement the plan
Number (shares) Proportion of total amount
2025 Employee Stock Ownership Plan: Legal salary of employees, each of self-financing companies (including subsidiaries) 2,100 2,089,740 Not applicable 0.18% Funds and key employees in positions permitted by laws and regulations Funds obtained in other ways 2023 Employee Stock Ownership Plan: Legal salary of employees, each of self-financing companies (including subsidiaries) 1,900 1,319,210 Not applicable 0.11% Funds and key employees in positions permitted by laws and regulations Funds obtained in other ways Shareholdings of directors and senior managers in employee stock ownership plans during the reporting period: Not applicable
Changes in asset management institutions during the reporting period
□Applicable Not applicable
Changes in equity caused by holders’ disposal of shares during the reporting period
Applicable □Not applicable
- On December 27, 2023, 909,800 shares of the company's shares held in the company's special securities account for repurchase were transferred to the "Shandong Haomai Machinery Technology Co., Ltd.-2023 Employee Stock Ownership Plan" securities account for non-trading, and the number of transferred shares accounted for 0.1137% of the company's total share capital at the time of transfer.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
On November 28, 2025, 1,441,200 shares of the company’s repurchased stocks held in the company’s special securities account for repurchase were transferred to the “Shandong Haomai Machinery Technology Co., Ltd.-2025 Employee Stock Ownership Plan” securities account for non-trading. The number of transferred shares accounted for 0.1802% of the company’s total share capital at the time of transfer.
The company’s 2025 annual profit distribution and capital reserve conversion plan is as follows: based on the total share capital of 800,000,000 shares, a cash dividend of RMB 10.00 (tax included) will be distributed to all shareholders for every 10 shares, 0 bonus shares will be issued, and capital reserve funds will be converted to increase 4.5 shares for every 10 shares. The above plan was completed on May 11, 2026, with a total of 360,000,000 shares transferred and the company's total share capital increased to 1,160,000,000 shares. The 909,800 company shares originally held by the company's 2023 employee stock ownership plan increased to 1,319,210 shares, accounting for 0.1137% of the current total share capital; the 1,441,200 company shares originally held by the company's 2025 employee stock ownership plan increased to 2,089,740 shares, accounting for 0.1802% of the current total share capital.
From the reporting period to the disclosure date of this report, of the 1,319,210 company shares held by the company’s 2023 employee stock ownership plan, 71,630 shares were sold through centralized bidding transactions, accounting for approximately 0.0062% of the company’s total share capital, and 1,247,580 non-trading transfer shares were sold through the securities registration and clearing agency, accounting for approximately 0.1076% of the company’s total share capital. All the stocks held by the company's 2023 employee stock ownership plan have been sold or transferred to the Employee Stock Ownership Plan share holders and all monetary assets under the employee stock ownership plan have been liquidated and distributed. The company's 2023 employee stock ownership plan has been implemented and terminated.
Exercise of shareholders’ rights during the reporting period: Not applicable
Other relevant situations and explanations of the employee stock ownership plan during the reporting period
Applicable □Not applicable
During the reporting period, 10,440 shares held by holders of the company's employee stock ownership plan in 2023 were recovered due to reasons such as resignation, and 15,875 shares held by holders of the employee stock ownership plan in 2025 were recovered due to reasons such as resignation.
Changes in the membership of the Employee Stock Ownership Plan Management Committee
□Applicable Not applicable
The financial impact of employee stock ownership plans on listed companies during the reporting period and related accounting treatments
Applicable □Not applicable
According to the provisions of "Accounting Standards for Business Enterprises No. 11 - Share-based Payment": On each balance sheet date during the waiting period, based on the best estimate of the number of exercisable equity instruments and the fair value on the date of grant of the equity instrument, the services obtained in the current period are included in the relevant costs or expenses and capital reserves.
The financial impact of the employee stock ownership plan on the Group during the reporting period:
Unit: Yuan
The cumulative amount of equity-settled share-based payments included in capital reserves 67,727,604.72
Total expenses recognized for equity-settled share-based payments this year 12,525,258.56
Termination of employee stock ownership plans during the reporting period
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
□Applicable Not applicable
Other instructions: none
- 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
- In accordance with regulations, the company discloses relevant environmental information on the public side of the National Emission License Management Information Platform, the website is:
https://permit.mee.gov.cn/permitExt/defaults/default- 1 Shandong Haomai Machinery Technology Co., Ltd. index!getInformation.action
- In accordance with regulations, the company discloses relevant environmental information in the Corporate Environmental Information Disclosure System (Shandong) according to law. The website is:
http://221.214.62.226:8090/EnvironmentDisclosure/
5. Social Responsibility
The company's long-term and steady development cannot be separated from the trust and support of investors, all employees and customers, as well as the care and help from all walks of life. The company always adheres to safeguarding the legitimate rights and interests of shareholders, effectively protects the rights and interests of employees, attaches great importance to win-win cooperation with customers, suppliers and other relevant parties, and strives to achieve harmonious coexistence between the company's development, society and nature.
- Protection of the rights and interests of shareholders and creditors
As a listed company, protecting the interests of shareholders, especially small and medium-sized shareholders, is the company's most basic social responsibility. Since its listing, the company has strictly followed the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Stock Listing Rules of the Shenzhen Stock Exchange and other laws and regulations, departmental regulations, normative documents and the Articles of Association, and has continuously improved its governance level, strengthened internal control, standardized company operations, improved the quality of information disclosure, and effectively protected the rights and interests of shareholders and creditors.
The company strictly fulfills its information disclosure obligations in accordance with the "Measures for the Administration of Information Disclosure of Listed Companies" and other regulations, ensuring that the information disclosed is timely, accurate and complete, and ensuring that all shareholders equally enjoy the right to know. The company attaches great importance to positive communication and interaction with investors, and actively communicates with investors through Shenzhen Stock Exchange interactive transactions, investor hotlines, emails, performance briefings, surveys, etc., answers investors' questions, and creates a good way for investors to obtain company information. Since its listing, the company's information disclosure work has maintained an excellent level and has been rated "A" in the annual information disclosure assessment of companies listed on the main board of the Shenzhen Stock Exchange for eight consecutive years.
The company has formed a decision-making and operating system with the shareholders' meeting, board of directors and operating management as the main structure. The convening, holding and voting procedures of the shareholders' meeting and the board of directors are strictly in accordance with laws and regulations. In the first half of 2026, a total of 2 shareholders’ meetings were held, including 1 annual shareholders’ meeting,
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
1 extraordinary shareholders' meeting; participated in 1 online collective reception day event, and held 1 online annual performance briefing to ensure that all shareholders fully exercise their participation and voting rights and safeguard the legitimate rights and interests of shareholders.
The company insists on sharing operating results with shareholders. While taking into account the company's capital needs and sustainable development, it also attaches great importance to reasonable returns to shareholders. Over the years, the company has continued to distribute cash dividends. As of the disclosure date of this report, the company has implemented cash dividends 16 times, with a total amount of approximately 4.776 billion yuan.
The company adheres to the operating principles of honest operation and compliance with obligations, establishes and improves a debt management system, and reasonably controls the scale of liabilities. During the reporting period, the company's financial policy was sound, its assets and funds were safe, and it took into account the interests of creditors while safeguarding the interests of shareholders.
- Protection of employees’ rights and interests
The company strictly abides by the requirements of laws, regulations and normative documents such as the Labor Law of the People's Republic of China and the Labor Contract Law of the People's Republic of China, strengthens human resources management, and respects and safeguards the legitimate rights and interests of employees. The company has a fair and reasonable salary management system and welfare security system. Conduct multi-faceted tracking, evaluation and assessment of employees, and continuously improve the performance system; provide employees with apartments, transportation subsidies, meal subsidies, holiday benefits and many other benefits.
The company pays attention to the career development and sustainable growth of employees, and explores the establishment and improvement of employee training systems and career promotion systems. Distinguish different job sequences and career development stages, customize training courses, establish a training system, and continuously improve employees' professional abilities and professional qualities; implement a dual-channel promotion path to help employees clarify their development direction, which not only satisfies employees' vertical in-depth cultivation in professional fields, but also supports employees' cross-sequence horizontal development; while periodically taking inventory of talents and consolidating the talent echelon, it also helps employees achieve comprehensive personal development.
The company always puts the safety and health of its employees first. Implement the "Work Safety Law of the People's Republic of China" and adhere to the principle of "safety first"
- Adhere to the policy of "prevention first, comprehensive management", actively promote the construction of occupational health and safety management system, and obtain ISO 45001 occupational health and safety management system certification; the company regularly organizes employees to carry out safety training and emergency drills to enhance employee safety awareness, and safety production is gradually transforming from guarantee-based to responsibility-based; the company organizes free physical examinations for all employees and occupational health examinations for special types of work every year, and continues to pay attention to the occupational health of employees.
The company focuses on creating a good working environment for employees. The company advocates the talent concept of "talents are useful, everyone can become talented, and everyone can show their talent", and adheres to the "four equalities": equality of nationality, equality of ethnic groups, equality of gender, and equality of age, building a diversified talent team, and creating a democratic and caring atmosphere of partnership and cooperation; enriching employees' spare time life, regularly organizing various corporate cultural activities, and striving to improve employees' quality of life and life happiness; regularly organizing employee satisfaction surveys to listen to employees' opinions and suggestions on enterprise development, daily life, and management improvement. The company's employee satisfaction continues to remain at a high level.
- Protection of the rights and interests of suppliers, customers and consumers
The company advocates the spirit of "partnership and cooperation", adheres to the business philosophy of "integrity management, mutual benefit and win-win", attaches great importance to the legitimate rights and interests of suppliers, customers and other partners, and strives to achieve coordinated development and common growth with the upstream and downstream industry chains.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The company adheres to the principles of fair, just and open procurement, continues to improve the procurement process and mechanism, strictly regulates the behavior of procurement personnel, promotes "sunshine procurement", and creates fair access channels for suppliers; builds a supplier assessment and evaluation system, continues to pay attention to supplier qualifications through evaluation selection, performance monitoring, re-evaluation and other processes, and establishes long-term and stable cooperative relationships with high-quality suppliers; strictly implements procurement contracts, pays for goods in a timely manner, and protects the financial security and legitimate rights and interests of suppliers.
The company follows the quality policy of "paying attention to customer needs and continuously improving" and establishes and operates an ISO 9001 quality management system. It is driven by customer needs and efficiently integrates internal and external value chain resources. Product delivery cycle, product quality and other characteristics meet customer needs and achieve high-quality delivery. The company always maintains a 100% resolution rate for customer problem feedback. Employees receive training on what to know about trade secrets and are clearly aware of the importance and necessity of protecting stakeholder information security. The signing rate of confidentiality agreements for new employees in key positions reaches 100%.
The company has established system documents such as the "Business Personnel Management Regulations" and the "Procurement Personnel Management Regulations". In its business dealings with stakeholders, it adheres to the principle of integrity, abides by legal regulations and ethical norms, maintains a clean and upright atmosphere by signing a letter of commitment on integrity and self-discipline, and improves the feedback processing mechanism, and prohibits any form of corruption, bribery, extortion and embezzlement.
- Environmental protection and sustainable development
In line with the environmental and occupational health and safety policy of "ensuring production safety, protecting the natural environment, and promoting healthy development" and the energy management concept of "promoting energy conservation and consumption reduction, and promoting green development", the company advocates green manufacturing, energy conservation and environmental protection, actively practices corporate environmental responsibility, and makes efforts to achieve sustainable development. The company has established a complete environmental management system and energy management system, and has obtained ISO 14001 and ISO 50001 certifications; in 2026, the company's EcoVadis score was 82 points and won a gold medal; in 2026, the company received the "Six-Star Excellence" certificate (seven stars in total) issued by the Chinese Supplier ESG Rating Platform.
The company is one of the first batch of national green factories and the first batch of national clean production demonstration enterprises. It is the first in the industry to draft group standards such as the "Green Factory Evaluation Requirements for the Tire Mold Industry", "Technical Specifications for Evaluation of Green Design Products - Tire Molds", and "Green Factory Evaluation Requirements for the Rubber Machinery Industry", forming comprehensive standards for green manufacturing in the industry. The company explores green and low-carbon development paths in clean energy use, design and development, production and processing, waste treatment and other aspects, and gradually forms its own experience.
The goal of "carbon peaking and carbon neutrality" is China's solemn commitment to the world, and it is also the mission given to Chinese enterprises in the new era. Since 2019, the company has continued to explore in the field of carbon emission reduction, gradually realizing the transformation and upgrading from energy saving and consumption reduction to precise carbon reduction. The company actively participated in the formulation of national standards related to energy conservation and carbon reduction, and participated in the formulation of the "Greenhouse Gas Emission Accounting and Reporting Requirements Part 21: Foundry Enterprises" to contribute to the green and low-carbon development of the industry.
- Social relations and public welfare undertakings
The company adheres to the concept of "sharing development results", deeply participates in social welfare undertakings, and continues to promote the sharing of management wisdom and industry collaborative innovation. As a global leader in tire molds in China, the company is the vice-president unit of the China Rubber Industry Association and the vice-president unit of the China Mold Industry Association. It actively plays the role of chain leader and participates in various exhibitions and industry chain meetings to promote industry exchanges, activate new productivity, and promote high-quality development of the industry.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Culture is the soft support for enterprise development. The company's unique corporate culture and management model have been widely recognized and highly concerned by all sectors of society. The company's chairman and senior managers are often invited to give special lectures, and receive business colleagues, teachers and students from colleges and universities, and various social groups to visit and communicate, share company management experience and cultural concepts, and empower industry development.
The company has always cared about society and employees, and actively participated in public welfare and charity undertakings. Provide timely assistance and support to employees in need who need special and emergency relief; actively respond to social assistance calls, participate in social welfare activities, and contribute generously to promote the harmonious development of society.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Section 5 Important Matters
- 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
Commitment Commitment Category Commitment Commitment Fulfillment Commitment Reason Commitment Content
Square time deadline status
- The company’s directors, supervisors and senior managers Zhang Gongyun, Feng Mintang, Zhang Yan, Shan Jiqiang, Liu Shengjun, Zhang Wei and Gong Yaoyu promised that the shares transferred each year during their tenure shall not exceed 25% of the total number of company shares held by them; and they will not transfer the company shares they hold within six months after leaving the company. The company shares transferred within 12 months after six months of leaving office shall not exceed 50% of the total company shares held. 2. Zhang Gongyun, the company’s controlling shareholder, has made the following commitments to avoid horizontal competition with the company: I currently do not work in a company with the same or similar business as the joint-stock company; nor have I invested in a company with the same or similar business as the joint-stock company; I promise that in the future, I will not hold any position in a company with the same or similar business as the joint-stock company, nor will I invest in a company with the same or similar business as the joint-stock company. During the reporting period
2011 Operation and Determination and the same company; I promise that in the future, if I undertake an initial public offering or refinancing with a joint-stock company, or invest in a company with the same or similar business as the joint-stock company, or invest in a company with the same or similar business as the company with the same or similar business as the directors and supervisors of the joint-stock company in 2011.
Rigao Commitment Co., Ltd. 3. Mountain controlled by the company’s controlling shareholder Zhang Gongyun Commitment East Haomai Machinery Manufacturing Co., Ltd., Gaomi Haomai Real Estate Co., Ltd., Gaomi Haojia Gas Co., Ltd., Gaomi Tongchuang Valve Core Co., Ltd. and Shandong Haomai Valve Co., Ltd., which exerts significant influence, make the following commitments to avoid horizontal competition with the company: The company is not currently engaged in the same or similar business as the joint-stock company; the company promises to In the future, the company will not engage in the same or similar business as the joint-stock company, nor will it invest in companies with the same or similar business as the joint-stock company; the company promises that in the future, if the company engages in the same or similar business as the joint-stock company or invests in companies with the same or similar business as the joint-stock company, all the benefits will be returned to the joint-stock company.
Are commitments fulfilled on time? Yes
If the promise is overdue and not fulfilled
, should explain in detail the unfinished
Not applicable
The specific reasons for the performance and the following
one step work plan
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.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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.
The board of directors’ explanation of the accounting firm’s “non-standard audit report” for this reporting period □ Applicable Not applicable
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
Applicable □Not applicable
Basics of litigation (arbitration) Amount involved Whether litigation (arbitration) trial Litigation (arbitration) judgment Disclosure date Disclosure of claim litigation (arbitration) progress
Situation (RMB 10,000) Estimated liabilities Result and impact of resolution implementation Period As of the end of the reporting period,
The company has not reached the level of major and 4 cases have been judged
Not significant to the company. Litigation disclosure standard 387.18 has been implemented in 6 cases. No effective. Not applicable in 3 cases. Not applicable.
Impact: Other lawsuits and arbitrations have been completed and closed and are still under trial.
A total of 13 matters
9. Punishment and Rectification
□Applicable Not applicable
There were no penalties or rectifications during the company's reporting period.
- Integrity status of the company, its controlling shareholders and actual controllers □Applicable Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
11. Major related transactions
- Related transactions related to daily operations
Applicable □Not applicable
Account for similar approved ones Whether related
Related Related
Related Party Transactions Related Party Transactions Related Party Transaction Fees Transaction Fees Transaction Volume Exceeds Transactions Obtainable Contracts
Related Party Transaction Related Relationship Transaction Transaction Disclosure Date Disclosure Index Transaction Content Price Principle Amount (10,000 Yuan) Ratio of Amount (10,000 Yuan) Approved Settlement Transaction Market Price
Type Price
(e.g. Yuan) Amount Method
Shandong Tongchuangjing Juchao Information Network "About 2026"
The controlling shareholder has a major market inquiry for air hole sleeves and a fair contract in December 2025
Mi Technology Co., Ltd. Procurement 2,523.96 26.70% 8,000 No 2,523.96 Estimated public share of daily related transactions
Affected Businesses etc. Fair Price Price Payment Month 20
Company Report" (No.: 2025-047) Shandong Haomaiqi Juchao Information Network "About 2026
The controlling shareholder has a major market inquiry for air hole sleeves and a fair contract in December 2025
Menzui Co., Ltd. Procurement 582.74 6.17% 1,500 No 582.74 Estimated public share of daily related transactions
Affected Businesses etc. Fair Price Price Payment Month 20
Company Report" (No. 2025-047) Shandong Haomai Machinery Welding Parts by the same controlling shareholder Juchao Information Network "About 2026
Market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control procurement and processing 34,931.95 66.08% 85,500 No 34,931.95 Estimated public share of daily related transactions
Fair Price Price Payment Month 20
"Report on Fees, etc. of Other Enterprises under the Company's System" (No. 2025-047) Shandong Youquanxin is controlled by the same controlling shareholder. Juchao Information Network's "About 2026"
Market inquiry, fair contract December 2025
Materials Co., Ltd. and the ultimate controlling party control the purchase of coatings, etc. 1,057.71 21.41% 2,300 No 1,057.71 Estimated public disclosure of daily related transactions
Fair Price Price Payment Month 20
Report of other companies produced by the company (No. 2025-047) Shandong Hao Steel Machinery Juchao Information Network "About 2026
The controlling shareholder has a major market inquiry for rough parts and a fair contract in December 2025
Mechanical Technology Co., Ltd. Procurement 120.25 0.71% 600 No 120.25 Estimated public share of daily related transactions
Affected Businesses etc. Fair Price Price Payment Month 20
Company Report" (No.: 2025-047) Shandong Haomaijing is controlled by the same controlling shareholder Juchao Information Network "About 2026
Guide Strip Market Inquiry, Fair Contract December 2025
Forging Technology Co., Ltd. and the ultimate controlling party control procurement 260.52 45.72% 600 No 260.52 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Machinery is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Machinery product market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control procurement 794.31 1.78% 9,000 No 794.31 The expected public share of daily related transactions
Product Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haoquan Soft is controlled by the same controlling shareholder. Juchao Information Network's "About 2026"
Market inquiry, fair contract December 2025
Software technology is limited and the ultimate controller controls the purchase of software, etc. 1,119.71 38.47% 3,000 No 1,119.71 The expected public disclosure of daily related transactions
Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Rongtai feels the same controlling shareholder Juchao Information Network "About 2026
Machinery product market inquiry, fair contract December 2025
Ying Technology Co., Ltd. and the ultimate controlling party control procurement 1,171.43 2.62% 1,400 No 1,171.43 Estimated public disclosure of daily related transactions
Product Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai State Procurement of machinery products by the same controlling shareholder Market inquiry, fair 1,649.46 3.69% 500 Yes Contract 1,649.46 December 2025 Juchao Information Network "About 2026"
The full 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd. International Trade Co., Ltd. and the ultimate controlling party Controlled goods, etc. Fair price Price Payment Estimated daily daily related transactions on the 20th of March 2026 The report of the company (No.: 2025-047)
Suffered by the same controlling shareholder Juchao Information Network's "Market Inquiry on the Physical Examination Fees of Gaomi Haomai Medical Center in 2026, Fair Contract December 2025"
And the ultimate controlling party controls Procurement 459.28 100.00% 650 No 459.28 Estimated daily related transactions of Gongyuan Co., Ltd., etc. Fair price Price Payment on 20th of March
Report of other enterprises produced by the company (No.: 2025-047)
Suffered by the same controlling shareholder Juchao Information Network's "About 2026 Shandong Haomai Logistics Market Inquiry, Fair Contract December 2025"
And the ultimate controlling party controls Procurement 437.57 6.51% 1,100 No 437.57 Estimated fair flow of daily related transactions of Co., Ltd. Transmission fee Fair price Price Payment on the 20th of the month
Report of other enterprises controlled by Shandong Haomaijing (No. 2025-047) controlled by the same controlling shareholder Juchao Information Network "About 2026"
Processing fee market inquiry, fair contract December 2025
Forging Technology Co., Ltd. and the ultimate controlling party control procurement 474.35 1.32% 1,000 No 474.35 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises under the company's ownership (No. 2025-047) Shandong Haomai is controlled by the same controlling shareholder. Juchao Information Network's "About 2026"
Training fee market inquiry, fair contract December 2025
Professional training school and the ultimate controlling party control procurement 107.99 6.14% 300 No 107.99 The expected public share of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises under the limited liability company (No. 2025-047) Gaomi Haomai Restaurant is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Catering expenses market inquiry, fair contract December 2025
Beverage services are limited and the ultimate controlling party controls procurement 462.32 49.04% 650 No 462.32 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai is subject to the same controlling shareholder. Juchao Information Network's "About 2026"
Service fee market inquiry, fair contract December 2025
Drawing Design Co., Ltd. and the ultimate controlling party control procurement 63.51 61.10% 400 No 63.51 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Precision is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Processing fee market inquiry, fair contract December 2025
Mi Machinery Co., Ltd. and the ultimate controlling party control procurement 806.34 2.25% 1,500 No 806.34 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Information Network "About 2026" by the same controlling shareholder Juchao Information Network
Training fee market inquiry, fair contract December 2025
Information management consulting and ultimate controlling party control procurement 112.72 6.41% 200 No 112.72 Estimated public disclosure of daily related transactions
Etc. Fair Price Price Payment 20th of March
"Report of other enterprises under the limited liability company" (No. 2025-047) Shandong Haomai Machinery Co., Ltd. is controlled by the same controlling shareholder. Juchao Information Network's "About 2026"
Processing fee market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control Sales 213.65 78.00% 500 No 213.65 Estimated public share of daily related transactions
Etc. Fair Price Price Payment 20th of March
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Machinery is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control Sales Utilities 367.87 69.53% 800 No 367.87 Estimated public share of daily related transactions
Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Machinery is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control sales equipment 817.78 2.14% 2,000 No 817.78 Estimated public share of daily related transactions
Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Haomai Machinery is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Market inquiry, fair contract December 2025
Machinery Manufacturing Co., Ltd. and the ultimate controlling party control Sales of castings, etc. 60,648.99 30.12% 106,000 No 60,648.99 Estimated public share of daily related transactions
Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Shandong Hao Steel Machinery The controlling shareholder has significant sales of raw materials Market inquiry, fair 24.93 0.28% 400 No Contract 24.93 December 2025 Juchao Information Network "About 2026"
Shandong Haomai Machinery Technology Co., Ltd. 2026 Semi-annual Report Quanwen Machinery Technology Co., Ltd. Affected companies Fair price Price Payment Estimated daily related-party transactions on March 20 Company Announcement (No. 2025-047) Shandong Haomai is controlled by the same controlling shareholder Juchao Information Network "About 2026"
Sales product market inquiry, fair contract December 2025
International Trade Co., Ltd. and the ultimate controlling party controlled sales 23,782.31 62.16% 43,000 No 23,782.31 Estimated public disclosure of daily related transactions
Product Fair Price Price Payment Month 20
Report of other enterprises controlled by the company (No. 2025-047) Gaomi Haomai Restaurant is subject to the same controlling shareholder rent, Juchao Information Network "About 2026"
Market inquiry, fair contract December 2025
Beverage services are limited and the ultimate controlling party controls sales. Water and electricity charges 277.20 29.74% 600 No 277.20 Estimated public share of daily related transactions
Fair Price Price Payment Month 20
Report of other enterprises produced by the company (No. 2025-047) Total -- -- 133,268.85 -- 271,500 -- -- -- -- Details of returns of large sales Not applicable
Estimate the total amount of daily related transactions that will occur in the current period by category
Not applicable
As calculated, the actual performance during the reporting period (if any)
The reason for the large difference between the transaction price and the market reference price (if appropriate
Not applicable
use)
- 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.
- 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.
- Related credit and debt transactions
Applicable □Not applicable
Whether there are non-operating related creditor's rights and debt transactions
□Yes No
The company had no non-operating related creditor's rights or debts during the reporting period.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- 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.
- Dealings between financial companies 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.
- Other major related transactions
□Applicable Not applicable
The company had no other major related transactions during the reporting period.
12. Major contracts and their performance
- 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
Leasing assets of other companies:
It mainly leases workshops and office buildings for domestic and foreign subsidiaries. As of June 30, 2026, the original value of the right-of-use assets was confirmed to be 33.1151 million yuan, and the accumulated depreciation was 13.5535 million yuan.
Other companies leasing company assets:
The company leases idle offices, front rooms, workshops and equipment to the following companies: Inner Mongolia Yili Industrial Group Co., Ltd., Gaomi Haomai Catering Service Co., Ltd., Shandong Haoquan Software Technology Co., Ltd., Gaomi Haomai Hospital Co., Ltd., Shandong Haomai Machinery Manufacturing Co., Ltd., Gaomi Haozhiwei Catering Service Co., Ltd. and other companies and individuals. Other business income of RMB 3.1757 million was recognized during the reporting period. Projects that bring profits and losses to the company exceeding 10% of the company's total profit during the reporting period □ Applicable Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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.
- Major guarantee
□Applicable Not applicable
The company had no major guarantees during the reporting period.
- Entrusted financial management
Applicable □Not applicable
Unit: RMB 10,000 Product Category Risk Characteristics Balance of entrusted financial management during the reporting period Overdue amount that has not been recovered
Bank financial products low risk
The company, as a single client, entrusts a financial institution to carry out asset management, or invests in high-risk entrusted financial management with low security and poor liquidity.
□Applicable Not applicable
- 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
The main topic of discussion
reception place reception place
Reception time Reception method Reception objects Content and information provided Basic situation index points of the survey Type of objects
material
For details, please refer to the basic information of the company disclosed by the company. cninfo.com: 2026-1 January 19-1, 2026 company meeting
Field Research Organization "Investor Relations Activities and Future Development, January 19th - January 21st Investment Month 21st Conference Room
Record Form》 No information provided Personnel Relationship Activity Record Form
For details, please refer to the basic information of the company disclosed by the company. cninfo.com: 2026 1 January 27, 2026-1 Company meeting
Field Research Organization "Investor Relations Activities and Future Development, January 27th - January 28th Investment Month 28th Meeting Room
Record Form》 No information provided Personnel Relationship Activity Record Form
For details, please refer to the basic information of the company disclosed by the company. cninfo.com: March 31, 2026-4, 2026 Company meeting Telephone communication,
Organization "Investor Relations Activities and Future Development, Investment Month 1st, April 31st - April 1st, Meeting Room, Field Research
Record Form》 No information provided Personnel Relationship Activity Record Form
Network platform line For details, please refer to the basic information of the company disclosed by the company. Juchao Information Network: 2026 April 2026 April 3-4 Company meeting Others,
On the exchange, e-mail "Investor Relations Activities and Future Development," from April 3rd to April 7th, Investor Meeting Room, April 7th, Organization
Communication Record Form》 No information provided Relationship Activity Record Form
For details, please refer to the basic information of the company disclosed by the company. Juchao Information Network: 2026 April 2026 April 8-4 Company meeting On-site investigation,
Institutional "Investor Relations Activities and Future Development," from April 8th to April 9th. Investor Meeting Room Telephone Communication on April 9th
Record Sheet》 No information provided Relationship Activity Record Sheet
For details, please refer to the basic information of the company disclosed by the company. cninfo.com: 2026 April 2026 Company Meeting Organization,
On-site research on April 27, 2026 "Investor Relations Activities and Future Development, Investor Relations Activity Conference Room on April 27, 2026 Individual
Record Sheet》 No information provided Record Sheet
For details, please refer to the basic information of the company disclosed by the company. Juchao Information Network: 2026 May 2026 Company Meeting Network Platform Line
May 15, 2026 Others "Investor Relations Activities and Future Development, communication in the Investor Relations Activity Conference Room on May 15, 2026
Record Sheet》 No information provided Record Sheet
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Explanation of other significant matters □Applicable Not applicable
There are no other significant matters that need to be explained during the company's reporting period.
- Major events of the company’s subsidiaries □Applicable Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Section 6 Share changes and shareholder status
1. Changes in shares
- Changes in shares
Unit: Before the change in share capital, increase or decrease in this change (+, -), issued after this change, bonus
Quantity Proportion Conversion of Provident Fund to Shares Others Subtotal Quantity Proportion
new shares shares
1. Limited sale clause
5,531,986.00 0.69% 2,446,038 -96,347 2,349,691 7,881,677.00 0.68% shares
State shareholding
State-owned legal person
shareholding
- Other domestic capital
5,531,986.00 0.69% 2,446,038 -96,347 2,349,691 7,881,677.00 0.68% shareholding
Among them: Jing
Internal legal person shareholding
Nature within the territory
5,531,986.00 0.69% 2,446,038 -96,347 2,349,691 7,881,677.00 0.68% people hold shares
- Foreign shareholding
Among them: Jing
Shareholding by foreign legal persons
Overseas nature
people hold shares
2. Unlimited sales items
794,468,014.00 99.31% 357,553,962 96,347 357,650,309 1,152,118,323.00 99.32% shares
- RMB general currency
794,468,014.00 99.31% 357,553,962 96,347 357,650,309 1,152,118,323.00 99.32% common shares
- Domestic listing
of foreign shares
- Overseas listing
of foreign shares
Others
Total number of shares 800,000,000 100.00% 360,000,000 0 360,000,000 1,160,000,000.00 Reasons for changes in 100.00% shares
Applicable □Not applicable
The company's annual profit distribution and capital reserve conversion plan for 2025 is as follows: based on the total share capital of 800,000,000 shares, a cash dividend of RMB 10.00 (tax included) will be distributed to all shareholders for every 10 shares, 0 bonus shares will be issued, and capital reserve funds will be converted to increase 4.5 shares for every 10 shares. The above plan was implemented on May 11, 2026, with a total of 360,000,000 shares transferred and the company's total share capital increased to 1,160,000,000 shares. Approval status of share changes
Applicable □Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The "Plan on the 2025 Annual Profit Distribution and Conversion of Capital Reserve Funds to Share Capital" was reviewed and approved by the company at the 21st meeting of the sixth board of directors held on March 28, 2026 and at the 2025 annual shareholders' meeting held on April 27, 2026.
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
The company's 2025 profit distribution and capital reserve conversion plan was completed on May 11, 2026. The company uses the total share capital of 800,000,000 shares as the base, and uses capital reserve funds to transfer 4.5 shares for every 10 shares to all shareholders. The company's total share capital was 800,000,000 shares before this transfer of reserve funds into share capital, and the total share capital increased to 1,160,000,000 shares after the transfer. The company presents corresponding financial indicators for 2025 based on adjusted share capital.
Item Before change in share capital After change in share capital
Basic earnings per share (yuan/share) 3.0005 2.0693
Diluted earnings per share (yuan/share) 3.0005 2.0693
Net assets per share attributable to the company’s common shareholders (yuan/share) 15.03 10.37
Other content that the company deems necessary or required to be disclosed by securities regulatory authorities
□Applicable Not applicable
- Changes in restricted shares
Applicable □Not applicable
Unit: Restricted shares at the beginning of the period. Released in the current period. Increased restrictions in the current period. Restricted shares at the end of the period.
Name of shareholder Reasons for selling restrictions Number of dates for lifting trading restrictions Number of shares subject to selling restrictions Number of shares sold Number
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shangdan Jiqiang 2,435,850 1,096,132 3,531,982
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Cao Aijun 124,612 56,076 180,688
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Xu Dehui 58,629 26,383 85,012
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Yanfangqing 1,380 621 2,001
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Zhangwei 1,664,550 749,047 2,413,597
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Liu Haitao 22,596 10,169 32,765
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Lijing 2,647 1,191 3,838
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Not lifted
During the reporting period, the company used capital reserve fund for every 10 shares. April 2026 Wang Mingtao 31,088 7,772 10,493 33,809
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Public 29th
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
In accordance with the requirements of the Company Law and other requirements, the Company revised the Company
Articles of Association", no longer set up a board of supervisors, left at the beginning of the reporting period
If the application has been made for less than six months, 100% of the shares held will be locked.
It has been six months since the resignation declaration was made at the end of the reporting period, but it has not yet arrived.
Six months after the end of the original term, the shares held are locked
75%, and the number of shares sold during this period will be reduced accordingly.
During the reporting period, the company used capital reserve fund for every 10 shares
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. public
In accordance with the requirements of the Company Law and other requirements, the Company revised the Company
"Articles of Association", there will no longer be a board of supervisors, and the company will leave at the beginning of the reporting period. In April 2026, Tang Lixing 335,400 83,850 113,197 364,747
If the declaration of appointment has been less than six months, 100% of the shares held will be locked on the 29th; if the declaration of resignation has been completed for six months at the end of the reporting period, if the date has not been reached
Six months after the end of the original term, the shares held are locked
75%, and the number of shares sold during this period will be reduced accordingly.
During the reporting period, the company used capital reserve fund for every 10 shares
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. public
In accordance with the requirements of the Company Law and other requirements, the Company revised the Company
"Articles of Association", there will no longer be a board of supervisors, and the company will leave at the beginning of the reporting period April 2026 Sun Riwen 18,900 4,725 6,379 20,554
If the declaration of appointment has been less than six months, 100% of the shares held will be locked on the 29th; if the declaration of resignation has been completed for six months at the end of the reporting period, if the date has not been reached
Six months after the end of the original term, the shares held are locked
75%, and the number of shares sold during this period will be reduced accordingly.
During the reporting period, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Yaoyuan 18,234 8,205 26,439
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. During the reporting period before the ban was lifted, the company used capital reserve fund for every 10 shares. During the reporting period, Shang Wang Xiaodong 818,100 368,145 1,186,245
4.5 shares will be transferred, and the shares sold during this period will increase accordingly. Total unreleased ban 5,531,986 96,347 2,446,038 7,881,677 -- --
2. Securities issuance and listing
□Applicable Not applicable
3. Number of shareholders and shareholding status of the company
Unit: Share
Total number of preference shareholders whose voting rights were restored at the end of the reporting period
Total number of ordinary shareholders at the end of the reporting period 28,942 0 (if any) (see Note 8)
Shareholding status of shareholders holding more than 5% of the shares or the top 10 shareholders (excluding shares lent through refinancing)
Holds pledged, marked or frozen status
Hold without selling
Shareholder nature Shareholding ratio Shareholding at the end of the reporting period Increase during the reporting period Sales restriction clause
Shareholder Name Condition Shares
Quality Example Number of shares Less changes Number of shares Share status Quantity
Number of servings
within the territory of
Zhang Gongyun 30.25% 350,925,793 108,908,005 0 350,925,793 Not applicable 0 Random person
within the territory of
Liu Shengjun 13.48% 156,375,280 48,530,259 0 156,375,280 Not applicable 0 Random person
within the territory of
Liu Xia 6.72% 78,006,375 24,208,875 0 78,006,375 Not applicable 0 Random person
HKSCC has overseas law
4.40% 51,030,053 18,312,299 0 51,030,053 Not applicable 0 Co., Ltd. Person
within the territory of
Xu Huabing 3.06% 35,477,818 11,010,357 0 35,477,818 Not applicable 0 Random person
Agricultural Bank of China shares
Others 1.92% 22,294,719 4,240,896 0 22,294,719 Not applicable 0 Co., Ltd. - Large
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
into Gaoxin stock type certificate
securities investment funds
National Social Security Fund 1
Others 1.79% 20,730,340 9,821,423 0 20,730,340 Not applicable 0-4 combination
Basic pension insurance base
Gold 15012 Group Others 1.13% 13,134,013 4,076,073 0 13,134,013 Not applicable 0 combined
within the territory of
Feng Mintang 1.11% 12,869,033 4,051,496 0 12,869,033 Not applicable 0 Random person
within the territory of
Zhang Guanglei 1.10% 12,752,784 4,572,784 0 12,752,784 Not applicable 0
Ranren
Strategic investors or general legal persons due to allocation
Selling new shares to become the top 10 shareholders Not applicable
Circumstances (if any) (see Note 3)
Among the above-mentioned shareholders of the company, the largest shareholder, Mr. Zhang Gongyun, is the controlling shareholder of the company. There is no related relationship or concerted behavior among the other nine shareholders.
Or acting in concert; the second largest shareholder, Mr. Liu Shengjun, has no related relationship or acting in concert with the other nine shareholders; explanations of other actions are unknown
Whether there is an associated relationship or concerted action among shareholders.
The above-mentioned shareholders are involved in the entrustment/trustee table
voting rights and renunciation of voting rights Not applicable
Ming
Among the top 10 shareholders, there are buyback specialties
Special instructions for customers (if any) (see Not applicable
See note 11)
Shareholdings of the top 10 shareholders without sales restrictions (excluding shares lent through refinancing and shares locked by executives)
Type of shares Name of shareholder Number of shares without selling restrictions held at the end of the reporting period
Share Type Quantity
RMB ordinary
Zhang Gongyun 350,925,793 350,925,793 shares
RMB ordinary
Liu Shengjun 156,375,280 156,375,280 shares
RMB ordinary
Liu Xia 78,006,375 78,006,375 shares
RMB ordinary
Hong Kong Securities Clearing Company Limited 51,030,053 51,030,053 shares
RMB ordinary
Xu Huabing 35,477,818 35,477,818
shares
Agricultural Bank of China Co., Ltd.
RMB ordinary
-Dacheng Sun Art Equity Securities Investment 22,294,719 22,294,719
shares
fund
RMB ordinary
National Social Security Fund Portfolio 114 20,730,340 20,730,340
shares
Basic pension insurance fund 1501 RMB ordinary
13,134,013 13,134,013 Second combination shares
RMB ordinary
Feng Mintang 12,869,033 12,869,033 shares
RMB ordinary
Zhang Guanglei 12,752,784 12,752,784
shares
Among the top 10 shareholders with no sales limit
Mr. Zhang Gongyun is the controlling shareholder of the company, and there is no associated relationship or concerted action between the shareholder Mr. Liu Shengjun and other shareholders and the top 10 shareholders. It is unknown whether there is an associated relationship or concerted action among other shareholders. Description of related relationships or concerted actions
The top 10 common shareholders participated in the financing
Description of the financing and securities business (for example, as of June 30, 2026, shareholder Mr. Feng Mintang holds 11,632,452 shares of the company through investor credit securities account. Yes) (see Note 4)
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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
Increase in this period Decrease in this period Awarded at the beginning of the period Awarded at the beginning of the period Awarded at the end of the period Term held at the beginning of the period Shares held Shares held at the end of the period Restrictions on Grant Restrictions on Grant Name Position
Status Number (shares) Quantity Number Number (shares) Number of shares Number of shares Number of shares
(shares) (shares) Volume (shares) Volume (shares) Volume (shares) Shan Jiqiang Chairman Current 3,247,800 0 0 4,709,310 0 0 0Cao Aijun Director, General Manager Current 166,150 0 0 240,918 0 0 0
Director, Deputy General Manager
Yan Fangqing Incumbent 261,840 0 0 379,6681 0 0 0 Manager
Director, Deputy General Manager
Xu Dehui Incumbent 78,172 0 0 113,349 0 0 0
reason
Zhang Wei Director Current 2,219,400 0 0 3,218,130 0 0 0
Director, Chief Financial Officer
Liu Haitao Incumbent 30,128 0 0 43,686 0 0 0 Supervisor
Secretary of the Board of Directors,
Li Jing Current 3,530 0 0 5,118 0 0 0Deputy General Manager
Total -- -- 6,007,020 0 0 8,710,179 0 0 0
Note: 1 At the end of this reporting period, Yan Fangqing held 377,000 shares of the company in his investor credit securities account.
Note: During the reporting period, the company increased the capital reserve fund by 4.5 shares for every 10 shares. The increase in the number of shares held by directors and senior managers was due to the capital reserve fund being converted into share capital.
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
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 the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Section 7 Bond-related situations □Applicable Not applicable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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
- Consolidated balance sheet
Prepared by: Shandong Haomai Machinery Technology Co., Ltd.
June 30, 2026
Unit: Yuan
Item Ending balance Beginning balance
Current assets:
Monetary funds 900,179,043.57 1,482,623,533.91 Settlement reserves
Loan funds
Trading financial assets 450,000,000.00 Derivative financial assets
Notes receivable 534,978,568.64 671,086,932.69 Accounts receivable 4,245,102,797.60 3,498,426,993.26 Receivables financing 300,851,983.61 390,665,844.23 Advance payments 164,348,624.77 167,986,566.48 Premiums receivable
Reinsurance accounts receivable
Receivable reinsurance contract reserves
Other receivables 53,091,918.63 57,856,790.17 Including: interest receivable
Dividends receivable
Buy financial assets under resale agreements
Inventory 3,135,706,765.34 2,692,902,388.85
Among them: data resources
contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 561,022,764.13 568,374,802.69
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total current assets 9,895,282,466.29 9,979,923,852.28 Non-current assets:
Grant loans and advances
debt investment
Other debt investments
long-term receivables
Long-term equity investment 100,196,033.42 107,574,630.24 Other equity instrument investments
Other non-current financial assets
Investment real estate 79,409,953.78 71,168,325.25 Fixed assets 3,470,180,925.70 3,072,173,780.98 Construction in progress 558,808,472.00 500,012,287.55 Productive biological assets
oil and gas assets
Right-of-use assets 19,561,578.70 16,341,336.07 Intangible assets 766,930,593.87 652,242,639.04
Among them: data resources
Development expenditure 94,588.96
Among them: data resources
goodwill
Long-term deferred expenses
Deferred income tax assets 79,208,812.63 43,681,083.71 Other non-current assets 468,459,711.42 323,703,193.77 Total non-current assets 5,542,850,670.48 4,786,897,276.61 Total assets 15,438,133,136.77 14,766,821,128.89 Current liabilities:
Short-term borrowings 70,841,858.05 210,173,555.56 Borrowings from the central bank
borrowing funds
Trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 1,157,604,641.25 881,050,963.97 Advance payments
Contract liabilities 481,295,972.87 334,904,577.80 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 681,176,234.03 702,858,806.68
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Taxes payable 135,875,037.12 133,089,554.53 Other payables 68,403,399.48 67,429,946.40 Including: interest payable
Dividends payable
Handling fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year 7,583,091.76 5,937,366.52 Other current liabilities 27,002,810.33 21,334,464.21 Total current liabilities 2,629,783,044.89 2,356,779,235.67 Non-current liabilities:
insurance contract reserves
long term borrowing
bonds payable
Among them: preferred shares
perpetual bond
Lease liabilities 10,134,445.02 9,073,316.47 Long-term payables
Long-term employee benefits payable
Estimated liabilities 94,878,297.90 88,184,322.00 Deferred income 166,228,722.82 126,318,269.14 Deferred income tax liabilities 166,795,907.98 150,344,706.80 Other non-current liabilities
Total non-current liabilities 438,037,373.72 373,920,614.41 Total liabilities 3,067,820,418.61 2,730,699,850.08 Owners’ equity:
Share capital 1,160,000,000.00 800,000,000.00 Other equity instruments
Among them: preferred shares
perpetual bond
Capital reserve 216,365,454.10 566,412,003.13 Less: treasury shares 77,484,379.00 77,484,379.00 Other comprehensive income -18,898,940.93 32,275,567.05 Special reserves 18,360,580.94 18,636,972.20 Surplus reserve 400,000,000.00 400,000,000.00 General risk reserve
Undistributed profits 10,662,338,213.42 10,286,830,712.30 Total owners’ equity attributable to the parent company 12,360,680,928.53 12,026,670,875.68 Minority shareholders’ equity 9,631,789.63 9,450,403.13 Total owners’ equity 12,370,312,718.16 12,036,121,278.81
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total liabilities and owners’ equity 15,438,133,136.77 14,766,821,128.89 Legal representative: Shan Jiqiang Person in charge of accounting work: Liu Haitao Person in charge of accounting department: Zhang Yue
- Balance sheet of the parent company
Unit: Yuan
Item Ending balance Beginning balance
Current assets:
Monetary funds 583,006,672.29 1,075,691,053.48 Trading financial assets 450,000,000.00 Derivative financial assets
Notes receivable 498,134,090.84 643,357,847.45 Accounts receivable 4,433,135,768.51 3,837,042,243.06 Receivables financing 223,640,241.73 318,170,120.99 Advance payments 104,915,743.94 105,480,187.46 Other receivables 489,332,298.34 353,247,108.96 Including: interest receivable
Dividends receivable
Inventory 1,928,688,986.25 1,571,889,405.24
Among them: data resources
contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 465,351,298.54 494,321,584.68 Total current assets 8,726,205,100.44 8,849,199,551.32 Non-current assets:
debt investment
Other debt investments
long-term receivables
Long-term equity investment 1,824,741,982.00 1,627,273,872.95 Other equity instrument investments
Other non-current financial assets
Investment real estate 139,260,914.03 142,351,669.54 Fixed assets 2,541,183,227.31 2,396,529,835.47 Construction in progress 180,756,599.10 220,340,858.79 Productive biological assets
oil and gas assets
Right-of-use assets 1,223,211.54 853,236.53 Intangible assets 353,974,890.82 343,212,734.78
Among them: data resources
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
development expenditure
Among them: data resources
goodwill
Long-term deferred expenses
Deferred tax assets
Other non-current assets 327,153,968.64 185,450,751.41 Total non-current assets 5,368,294,793.44 4,916,012,959.47 Total assets 14,094,499,893.88 13,765,212,510.79 Current liabilities:
Short-term borrowings 140,130,000.00 Trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 1,047,976,226.60 907,152,340.84 Advance payments
Contract liabilities 210,819,003.54 120,093,500.32 Employee benefits payable 592,109,137.91 618,196,217.67 Taxes payable 101,872,816.38 97,895,295.71 Other payables 62,369,939.16 62,787,382.23 of which: interest payable
Dividends payable
Liabilities held for sale
Non-current liabilities due within one year 693,105.98 194,921.60 Other current liabilities 10,200,508.54 7,595,229.64 Total current liabilities 2,026,040,738.11 1,954,044,888.01 Non-current liabilities:
long term borrowing
bonds payable
Among them: preferred shares
perpetual bond
Lease liability
long-term payables
Long-term employee benefits payable
Estimated liabilities 101,901,286.08 91,689,097.44 Deferred income 75,649,882.29 63,265,781.10 Deferred income tax liabilities 198,196,745.59 176,634,000.70 Other non-current liabilities
Total non-current liabilities 375,747,913.96 331,588,879.24 Total liabilities 2,401,788,652.07 2,285,633,767.25 Owners’ equity:
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Share capital 1,160,000,000.00 800,000,000.00 Other equity instruments
Among them: preferred shares
perpetual bond
Capital reserve 213,278,852.44 562,929,349.28 Less: treasury shares 77,484,379.00 77,484,379.00 Other comprehensive income 9,452,056.37 23,584,908.69 Special reserves 5,477,524.76 7,966,351.83 Surplus reserve 400,000,000.00 400,000,000.00 Undistributed profits 9,981,987,187.24 9,762,582,512.74 Total owners’ equity 11,692,711,241.81 11,479,578,743.54 Total liabilities and owners’ equity 14,094,499,893.88 13,765,212,510.79
- Consolidated income statement
Unit: Yuan
Project Half-year 2026 Half-year 2025
- Total operating income 6,016,260,725.89 5,265,115,116.12 Including: operating income 6,016,260,725.89 5,265,115,116.12 Interest income
Premiums earned
Fee and commission income
- Total operating costs 4,771,807,269.86 3,889,513,806.95 Including: operating costs 4,067,835,975.45 3,449,458,879.23 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 58,926,248.32 50,819,912.13 Sales expenses 46,783,395.21 43,074,629.19 Management expenses 151,302,517.23 134,147,153.08 Research and development expenses 348,121,431.15 284,981,669.31Financial expenses 98,837,702.50 -72,968,435.99 Including: Interest expenses 1,901,407.88 1,898,059.16
Interest income 6,392,176.15 9,456,556.00 plus: other income 27,330,841.09 25,051,997.00 Investment income (losses are listed with "—") 18,604,461.50 19,882,398.56
Including: Investment income from associates and joint ventures 339,175.06 -1,160,648.90
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
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 “—”) 230,683.31
Credit impairment losses (losses are listed with "-") -25,087,747.57 -25,894,470.05 Asset impairment losses (losses are listed with "-") -5,004.43
Income from asset disposal (losses are listed with “—”) 6,342,358.10 -8,605.50
Operating profit (losses are listed with "-") 1,271,874,052.46 1,394,627,624.75 Plus: non-operating income 1,648,772.90 3,562,462.50 Less: non-operating expenses 6,857,023.20 6,565,897.66
Total profits (total losses are listed with "—") 1,266,665,802.16 1,391,624,189.59 Less: income tax expenses 132,595,906.16 194,917,825.92
Net profit (net loss is listed with “—”) 1,134,069,896.00 1,196,706,363.67
(1) Classification by business continuity
Net profit from continuing operations (net loss is listed with “—”) 1,134,069,896.00 1,196,706,363.67
Net profit from discontinued operations (net loss is listed with “—”)
(2) Classification according to ownership ownership
- Net profit attributable to shareholders of the parent company (net loss is filled in with "-"
1,133,633,584.68 1,196,828,824.50 columns)
Profit and loss of minority shareholders (net loss is listed with "—") 436,311.32 -122,460.83
Net amount of other comprehensive income after tax -9,608,976.36 37,383,810.29 Net amount of other comprehensive income attributable to the owners of the parent company after tax -9,354,051.54 36,530,108.03
(1) Other comprehensive income that cannot be reclassified into profit or loss 27,687,604.12 21,931,931.03 1. Remeasurement of changes in defined benefit plan
- Other comprehensive income that cannot be transferred to profit or loss under the equity method 27,687,604.12 9,615,808.12 3. Changes in the fair value of other equity instrument investments 12,316,122.91 4. Changes in the fair value of the enterprise's own credit risk
5.Others
(2) Other comprehensive income that will be reclassified into profit and loss -37,041,655.66 14,598,177.00 1. Other comprehensive income that can be converted into profit and loss under the equity method
Changes in fair value of other debt investments
The amount of financial assets reclassified and included in other comprehensive income
Credit impairment provisions for other debt investments
Cash flow hedging reserve
Translation difference of foreign currency financial statements -37,041,655.66 14,598,177.00
7.Others
Net after-tax other comprehensive income attributable to minority shareholders -254,924.82 853,702.26
- Total comprehensive income 1,124,460,919.64 1,234,090,173.96 Total comprehensive income attributable to owners of the parent company 1,124,279,533.14 1,233,358,932.53 Total comprehensive income attributable to minority shareholders 181,386.50 731,241.43
8. Earnings per share:
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
(1) Basic earnings per share 0.9802 1.0348
(2) Diluted earnings per share 0.9802 1.0348 Legal representative: Shan Jiqiang Person in charge of accounting work: Liu Haitao Person in charge of the accounting department: Zhang Yue
- Income statement of the parent company
Unit: Yuan
Project Half-year 2026 Half-year 2025
- Operating income 5,171,269,493.91 4,611,609,012.89 Less: Operating costs 3,596,507,266.33 3,096,803,904.98 Taxes and surcharges 46,890,977.80 45,340,285.45 Sales expenses 37,061,734.88 32,433,410.90 Administrative expenses 87,637,202.66 85,792,182.84 Research and development expenses 227,427,676.25 172,444,953.38 Financial expenses 77,531,858.63 -47,837,343.13 Including: interest expense 827,903.55 699,367.87
Interest income 4,390,528.57 8,302,663.92 plus: other income 11,414,852.66 10,183,921.74 Investment income (losses are listed with "-") 18,896,263.31 21,132,687.53 Including: investment income from associates and joint ventures -4,533.48 99,174.32
Gains from derecognition of financial assets measured at amortized cost
(Loss is listed with "-")
Net exposure hedging income (losses are listed with “—”)
Gains from changes in fair value (losses are listed with “—”) 230,683.31
Credit impairment loss (losses are listed with "-") -17,486,431.39 -24,469,221.77 Asset impairment losses (losses are listed with "-") -5,004.43 Asset disposal income (losses are listed with "-") 6,535,428.41 -792,973.70
Operating profit (losses are listed with "-") 1,117,803,573.66 1,232,681,027.84 Plus: non-operating income 1,289,696.87 2,553,651.55 Less: non-operating expenses 3,385,621.39 5,694,822.07
Total profits (total losses are listed with "—") 1,115,707,649.14 1,229,539,857.32 Less: income tax expenses 138,176,891.08 196,645,770.68
Net profit (net loss is listed with “—”) 977,530,758.06 1,032,894,086.64
(1) Net profit from continuing operations (net loss is listed with "—") 977,530,758.06 1,032,894,086.64
(2) Net profit from discontinued operations (net loss is listed with “—”)
- Net after-tax amount of other comprehensive income 27,687,604.12 21,931,931.03
(1) Other comprehensive income that cannot be reclassified into profit or loss 27,687,604.12 21,931,931.03 1. Remeasurement of changes in defined benefit plan
- Other comprehensive income that cannot be transferred to profit or loss under the equity method 27,687,604.12 9,615,808.12 3. Changes in the fair value of other equity instrument investments 12,316,122.91 4. Changes in the fair value of the enterprise's own credit risk
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
5.Others
(2) Other comprehensive income that will be reclassified into profit and loss
Other comprehensive income that can be converted to profit or loss under the equity method
Changes in fair value of other debt investments
Amount of financial assets reclassified into other comprehensive income 4. Credit impairment provisions for other debt investments
Cash flow hedging reserve
Translation differences of foreign currency financial statements
7.Others
- Total comprehensive income 1,005,218,362.18 1,054,826,017.67
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
- 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 4,783,639,590.23 3,858,570,321.11 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
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 refunds received 53,181,799.78 11,120,678.66 Other cash received related to operating activities 71,947,931.95 68,711,470.51 Subtotal of cash inflows from operating activities 4,908,769,321.96 3,938,402,470.28 Cash paid for purchasing goods and receiving services 2,547,173,215.15 1,949,403,509.88 Net increase in customer loans and advances
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 1,703,497,707.42 1,323,873,463.30
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Various taxes paid 287,337,941.10 277,922,459.44 Other cash paid related to operating activities 72,468,644.08 62,958,251.67 Subtotal of cash outflows from operating activities 4,610,477,507.75 3,614,157,684.29 Net cash flow generated from operating activities 298,291,814.21 324,244,785.99
2. Cash flow generated from investing activities:
Cash received from recovery of investment 1,194,781,131.92 1,351,743,162.39 Cash received from investment income 34,939,750.42 22,428,606.75 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 12,382,831.65 651,415.00 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 1,242,103,713.99 1,374,823,184.14 Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets 516,462,621.58 404,449,906.99 Cash paid for investment 731,061,619.00 1,253,421,810.80 Net increase in pledged loans
Net cash received from subsidiaries and other business units
Other cash payments related to investing activities
Subtotal of cash outflows from investing activities 1,247,524,240.58 1,657,871,717.79 Net cash flow generated from investing activities -5,420,526.59 -283,048,533.65
3. Cash flow generated from financing activities:
Absorbing cash received from investments
Including: cash received by subsidiaries from investment by minority shareholders
Obtain cash received from borrowing money
Other cash received related to financing activities
Subtotal of cash inflows from financing activities
Cash paid to repay debts 41,133,429.26 Cash paid to distribute dividends, profits or pay interest 800,938,383.96 681,089.43 Including: dividends and profits paid by subsidiaries to minority shareholders
Payment of other cash related to financing activities 6,715,715.79 4,307,653.94 Subtotal cash outflow from financing activities 807,654,099.75 46,122,172.63 Net cash flow generated from financing activities -807,654,099.75 -46,122,172.63
Impact of exchange rate changes on cash and cash equivalents -45,156,822.86 38,994,606.09
Net increase in cash and cash equivalents -559,939,634.99 34,068,685.80 plus: opening balance of cash and cash equivalents 1,449,874,806.81 1,226,521,438.49
Balance of cash and cash equivalents at the end of the period 889,935,171.82 1,260,590,124.29
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 rendering services 4,001,706,683.65 3,029,023,789.01
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Tax refunds received 25,487,062.34 11,076,865.49 Other cash received related to operating activities 40,914,370.85 36,008,236.87 Subtotal of cash inflows from operating activities 4,068,108,116.84 3,076,108,891.37 Cash paid for purchasing goods and receiving services 1,980,173,503.35 1,407,346,686.78 Cash paid to and for employees 1,351,061,187.56 1,099,457,318.82 Various taxes and fees paid 193,202,706.82 264,001,026.66 Other cash payments related to operating activities 170,399,707.07 76,208,352.96 Subtotal of cash outflows from operating activities 3,694,837,104.80 2,847,013,385.22 Net cash flow generated from operating activities 373,271,012.04 229,095,506.15
2. Cash flow generated from investing activities:
Cash received from investment recovery 1,186,791,800.00 1,305,266,659.99 Cash received from investment income 34,714,175.85 22,200,211.36 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 12,158,000.00 652,896.00 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 1,233,663,975.85 1,328,119,767.35 Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets 321,223,568.93 322,604,298.97 Cash paid for investment 933,374,100.00 1,300,000,000.00 Net cash paid by subsidiaries and other business units
Other cash payments related to investing activities
Subtotal of cash outflows from investing activities 1,254,597,668.93 1,622,604,298.97 Net cash flow generated from investing activities -20,933,693.08 -294,484,531.62
3. Cash flow generated from financing activities:
Absorbing cash received from investments
Obtain cash received from borrowing money
Other cash received related to financing activities
Subtotal of cash inflows from financing activities
Cash paid to repay debt
Cash paid for distribution of dividends, profits or repayment of interest 799,946,540.00
Payment of other cash related to financing activities 1,435,492.77 659,699.77 Subtotal cash outflow from financing activities 801,382,032.77 659,699.77 Net cash flow generated from financing activities -801,382,032.77 -659,699.77
Impact of exchange rate changes on cash and cash equivalents -33,684,850.03 35,684,269.08
Net increase in cash and cash equivalents -482,729,563.84 -30,364,456.16 Plus: opening balance of cash and cash equivalents 1,062,492,279.00 1,014,244,000.59
Balance of cash and cash equivalents at the end of the period 579,762,715.16 983,879,544.43
Consolidated statement of changes in owners’ equity
Amount of current period
Unit: Yuan
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
2026 half year
Owner's equity attributable to parent company
Other equity instruments
Items General Minority shareholders Owner’s equity Equity Excellent Yong Its Capital reserve Less: Inventory Other comprehensive income Special reserve Surplus reserve Risk Undistributed profit Its subtotal Equity Total First Continued Equity Other
he prepares
stocks bonds
- At the end of the previous year 800,000, 566,412, 77,484,3 32,275,567. 18,636,972. 400,000,00 10,286,830, 12,026,670 9,450,40 12,036,121, balance 000.00 003.13 79.00 05 20 0.00 712.30 ,875.68 3.13 278.81
Plus: Accounting
Policy changes
Early stage
error correction
Others
- Beginning of the current year 800,000, 566,412, 77,484,3 32,275,567. 18,636,972. 400,000,00 10,286,830, 12,026,670 9,450,40 12,036,121, balance 000.00 003.13 79.00 05 20 0.00 712.30 ,875.68 3.13 278.81
3. Increases and decreases in this period
Change amount (minus 360,000, 375,507,501 334,010,05 181,386. 334,191,439
350,046, 51,174,507. -276,391.26
Use less "-" numbers 000.00 .12 2.85 50 .35
549.03 98
Fill in the column)
-
(1) Comprehensive income 1,133,633,5 1,124,279, 181,386. 1,124,460,9
9,354,051.5
Total profit 84.68 533.14 50 19.64
(2) Owner
9,953,45 9,953,450. 9,953,450.9 Investment and reduction of capital
0.97 97 7 copies
1. owner input
of common stock
- Other equity workers
Tool holder investment
capital
- share-based payment plan
9,953,45 9,953,450. 9,953,450.9 Owner’s equity
Amount of 0.97 97 7
Full text of Shandong Haomai Machinery Technology Co., Ltd. 2026 Semi-annual Report 4. Others
(3) Profit sharing
799,946,540 799,946,54 799,946,540
.00 0.00 .00 1. Withdrawal of surplus
Accumulate
- extract general wind
Risk preparation
- Distribution to owners - - - (or shareholders) 799,946,540 799,946,54 799,946,540 .00 0.00 .00 4. Others
(4) Owner 360,000, 41,820,456.
360,000, 41,820,456.
Internal equity carryover 000.00 44
000.00 44
1. Capital reserve transfer -
360,000,
Increase capital (or shares 360,000,
000.00
This) 000.00
- Transfer of surplus reserve
Increase capital (or shares
this)
- surplus reserve
make up for losses
- defined benefit plan
Transfer changes carried forward
retained earnings
- Other comprehensive income -
41,820,456.
Profit carried forward and retained revenue 41,820,456.
Benefit 44
- Others
(5) Special Reserve -
-276,391.26 -276,391.26 276,391.26
7,951,666.8 7,951,666. 7,951,666.8 1. Extract this period
0 80 0 2. Used in this period 8,228,058.0 8,228,058. 8,228,058.0
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
6 06 6
(6) Others
-
- End of the current period 1,160,00 216,365, 77,484,3 18,360,580. 400,000,00 10,662,338, 12,360,680 9,631,78 12,370,312,
18,898,940.
Balance 0,000.00 454.10 79.00 94 0.00 213.42 ,928.53 9.63 718.16
Amount of previous year
Unit: Yuan
2025 half year
Owner's equity attributable to parent company
Other equity instruments
Items General Minority shareholders Owner's equity capital Preferred Yong Other capital allowances and deductions: treasury shares Other comprehensive special reserves Surplus reserves Risks Undistributed profits Other subtotals Equity Total first continued accumulation Income Others
he prepares
stocks bonds
800,000, 551,012 77,484,379 36,677,0 14,656,414 400,000, 8,154,281, 9,879,14 7,236,87 9,886,379,
1. Ending balance of the previous year
000.00 ,259.44 .00 19.93 .20 000.00 575.14 2,889.71 7.86 767.57
Add: Accounting policy changes
Update
Early error update
Right
Others
800,000, 551,012 77,484,379 36,677,0 14,656,414 400,000, 8,154,281, 9,879,14 7,236,87 9,886,379,
2. Opening balance of this year
000.00 ,259.44 .00 19.93 .20 000.00 575.14 2,889.71 7.86 767.57
3. Increase or decrease of change funds in this period
4,068,7 19,318,7 1,214,040, 1,237,91 731,241. 1,238,649 (reduced by “—” 490,317.51
62.84 62.44 170.09 8,012.88 43 254.31 fill in the column)
36,530,1 1,196,828, 1,233,35 731,241. 1,234,090,
(1) Total comprehensive income
08.03 824.50 8,932.53 43 173.96
(2) Owner’s investment and investment 4,068,7 4,068,76 4,068,762. Reduction of capital 62.84 2.84 84 1. Owner's investment
shares
- Other equity instruments held
investors invest capital
Full text of Shandong Haomai Machinery Technology Co., Ltd.'s 2026 semi-annual report 3. Share-based payment is included in the amount of equity of all shareholders 4,068,7 4,068,76 4,068,762 62.84 2.84 84 4. Others
(3) Profit distribution
1. Withdrawal from surplus reserve
Withdraw general risk reserve
to the owner (or stock
East) distribution
- Others
-
(4) Within owner’s equity 17,211,345
17,211,3
Department carry forward .59
45.59
1. Capital reserve converted into capital
(or equity)
- Conversion of surplus reserves into capital
(or equity)
Surplus reserve to cover losses
Changes to defined benefit plans
Amount carried forward to retained earnings
-
- Other comprehensive income carried forward 17,211,345
17,211,3
Retained earnings .59
45.59
- Others
490,317.
(5) Special reserves 490,317.51 490,317.51
6,308,087. 6,308,08 6,308,087. 1. Extract this period
44 7.44 44
5,817,769. 5,817,76 5,817,769. 2. Used in this issue
93 9.93 93
(6) Others
11,117,0
800,000, 555,081 77,484,379 55,995,7 15,146,731 400,000, 9,368,321, 7,968,11 11,125,029
- Ending balance of the current period 60,902.5
000.00 ,022.28 .00 82.37 .71 000.00 745.23 9.29 ,021.88
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Statement of changes in owner’s equity of the parent company
Amount of current period
Unit: yuan for the first half of 2026
Other equity instruments
Item You Yong Its owners’ equity combined capital Its capital reserve Less: treasury shares Other comprehensive income Special reserves Surplus reserves Undistributed profits
Let’s continue with him. He plots against him.
stocks bonds
800,000,0 11,479,578,7
1. Closing balance of the previous year 562,929,349.28 77,484,379.00 23,584,908.69 7,966,351.83 400,000,000.00 9,762,582,512.74
00.00 43.54
Add: Accounting Policies
change
early stage errors
Correction
Others
800,000,0 11,479,578,7
2. Balance at the beginning of the year 562,929,349.28 77,484,379.00 23,584,908.69 7,966,351.83 400,000,000.00 9,762,582,512.74
00.00 43.54
3. Increases and decreases in this period
360,000,0 213,132,498. Amount (reduced by "— -349,650,496.84 -14,132,852.32 -2,488,827.07 219,404,674.50
00.00 27 "Fill in the column)
(1) Total comprehensive income 1,005,218,36
27,687,604.12 977,530,758.06
Amount 2.18
(2) Owner’s investment 10,349,503.1
10,349,503.16
and reduction of capital 6 1. invested by the owner
common stock
- Other equity instruments
holders invest capital
- Share-based payment included in 10,349,503.1
10,349,503.16
Amount of owners’ equity 6 4. Others
(3) Profit distribution -799,946,540.00 -
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
799,946,540.
1. Withdrawal from surplus reserve
- to the owner (or
-799,946,540.00 799,946,540. Distribution to shareholders)
- Others
(4) Owner’s equity 360,000,0
-360,000,000.00 -41,820,456.44 41,820,456.44
Internal carry forward 00.00
1. Capital reserve increased 360,000,0
-360,000,000.00
Capital (or share capital) 00.00
- Transfer of surplus reserve to increase
capital (or equity)
- Make up surplus reserve
Loss
- defined benefit plan
Variable amount carried forward and retained
benefit
- other comprehensive income
-41,820,456.44 41,820,456.44
Carry forward retained earnings
- Others
-
(5) Special reserves -2,488,827.07
2,488,827.07 1. Withdrawal in this period 4,972,574.10 4,972,574.10 2. Used in this period 7,461,401.17 7,461,401.17
(6) Others
1,160,000 11,692,711,2
IV. Closing balance of the current period 213,278,852.44 77,484,379.00 9,452,056.37 5,477,524.76 400,000,000.00 9,981,987,187.24
,000.00 41.81Amount last year
Unit: yuan for the first half of 2025
Items Other equity instruments Other owners’ equity Capital reserves Less: treasury shares Other comprehensive income Special reserves Surplus reserves Undistributed profits
He plans
You Yong Qi
The full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd. will be continued first.
stocks bonds
800,000, 400,000,000.0 9,722,889,27
- Closing balance of the previous year 548,541,838.94 77,484,379.00 41,536,826.55 7,728,402.91 8,002,566,589.16 000.00 0 8.56
Add: Accounting Policies
change
early stage errors
Correction
Others
800,000, 400,000,000.0 9,722,889,27
- Balance at the beginning of the year 548,541,838.94 77,484,379.00 41,536,826.55 7,728,402.91 8,002,566,589.16
000.00 0 8.56
3. Increases and decreases in this period
1,057,925,95 amount (reduced by “— 3,891,073.73 4,720,585.44 -791,132.13 1,050,105,432.23
9.27 "Fill in the column)
(1) Total comprehensive income 1,054,826,01
21,931,931.03 1,032,894,086.64 amount 7.67
(2) Owner’s investment
3,891,073.73 3,891,073.73 and reduction of capital
1. Owner's investment
common stock
- Other equity instruments held
Someone invests capital
- Share-based payments are included in the
3,891,073.73 3,891,073.73Amount of owners’ equity
- Others
(3) Profit distribution
1. Withdrawal from surplus reserve
- to the owner (or stock
East) distribution
- Others
(4) Owner’s equity
-17,211,345.59 17,211,345.59 Internal carryover
1. Conversion of capital reserve to capital increase
Full text of Shandong Haomai Machinery Technology Co., Ltd.'s 2026 semi-annual report (or share capital)
- Conversion of surplus reserves to capital increase
Capital (or share capital)
- Surplus reserve to cover losses
loss
- Defined benefit plan changes
Moving amount carried forward to retained earnings
- Other comprehensive income
-17,211,345.59 17,211,345.59
Transfer to retained earnings
- Others
(5) Special reserves -791,132.13 -791,132.13 1. Withdrawal in this period 4,598,863.62 4,598,863.62 2. Used in this period 5,389,995.75 5,389,995.75
(6) Others
800,000, 400,000,000.0 10,780,815,2
4. Ending balance of the current period 552,432,912.67 77,484,379.00 46,257,411.99 6,937,270.78 9,052,672,021.39
000.00 0 37.83
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
3. Basic situation of the company
Shandong Haomai Machinery Technology Co., Ltd. (hereinafter referred to as the company or the company, when including subsidiaries, collectively referred to as the group or the group) was established on March 31, 1995. The company's registration place and headquarters office are both No. 1 Haomai Road, Mishui Science and Technology Industrial Park, Gaomi City. The RMB common A shares issued by the company were listed for trading on the Shenzhen Stock Exchange on June 28, 2011.
As of June 30, 2026, the company's total share capital was 1.16 million shares, including 7,881,677 shares with selling restrictions, accounting for 0.68% of the total share capital; and 1,152,118,323 shares without selling restrictions, accounting for 99.32% of the total share capital.
The company's main business is the production, sales and related technology development of automobile radial tire molds and tire manufacturing equipment; the production, processing and sales of large-scale parts and mechanical products; the production, sales and related technology development of CNC machine tools.
This financial statement was approved by the company's board of directors on August 27, 2026.
4. Basis for preparation of financial statements
- Basics of preparation
The Group's financial statements are based on actual transactions and events and are prepared in accordance with the "Accounting Standards for Business Enterprises" and their application guidelines, interpretations and other relevant regulations promulgated by the Ministry of Finance (hereinafter collectively referred to as "Accounting Standards for Business Enterprises"), as well as the relevant disclosure provisions of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") "Information Disclosure and Preparation Rules for Companies that Offer Securities to the Public No. 15 - General Provisions for Financial Reports" (revised in 2023).
- Continued operations
The Group has evaluated its ability to continue operating for the 12 months starting from June 30, 2026, and has found no events or circumstances that cast significant doubt on its ability to continue operating. These financial statements are presented on a going concern basis.
5. Important accounting policies and accounting estimates
Specific accounting policies and accounting estimation tips:
The specific accounting policies and accounting estimates formulated by the Group based on the actual production and operation characteristics include the operating cycle, recognition and measurement of bad debt provisions for receivables, inventory depreciation provisions, measurement of issued inventories, fixed asset classification and depreciation methods, amortization of intangible assets, capitalization conditions for research and development expenses, revenue recognition and measurement, etc.
- Statement on compliance with corporate accounting standards
This financial statement complies with the requirements of the Accounting Standards for Business Enterprises and truly, accurately and completely reflects the financial status of the Company and the Group as of June 30, 2026, as well as the operating results, cash flow and other relevant information from January to June 2026.
- Accounting period
The Group's accounting period is from January 1 to December 31 in the Gregorian calendar.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Business cycle
The Group's operating cycle is 12 months, and January 1 to December 31 of each year is regarded as an operating cycle, and this operating cycle is used as the liquidity classification standard for assets and liabilities.
- Accounting standard currency
The Company and its domestic subsidiaries use RMB as their functional accounting currency. Overseas subsidiaries determine their own functional currency according to the main economic environment in which they operate. When preparing financial statements, the Group converts them into RMB according to the method described in 5.10.
- Determination method and selection basis of importance standards
Applicable □Not applicable
Project Materiality Criteria
Write-off of important accounts receivable with a single amount exceeding RMB 5 million
Important capitalized R&D projects with a single amount exceeding RMB 5 million
Prepayments with an aging of more than 1 year and significant amounts, with a single amount exceeding RMB 5 million
Important accounts payable aged more than 1 year or overdue, with a single amount exceeding RMB 5 million
Important construction projects in progress The closing balance of a single construction project in progress exceeds 0.5% of the total assets of the Group
Important overseas operating entities: The operating income of overseas operating entities exceeds 10% of the total operating income of the group
Important non-wholly-owned subsidiaries: The operating income of non-wholly-owned subsidiaries exceeds 10% of the total operating income of the group
Important joint ventures or associates The net book value of a single investment exceeds 0.5% of the total assets of the group
- Accounting treatment methods for business combinations under the same control and those not under the same control
(1) Business merger under common control
If 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.
As the merging party, the assets and liabilities acquired by the Group in a business combination under common control are measured at the book value of the merged party in the consolidated statements of the ultimate controlling party on the date of merger. The difference between the book value of the net assets acquired and the book value of the merger consideration paid shall be adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings shall be adjusted.
(2) Business combination not under common control
If the parties involved 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. As the purchaser, the Group's identifiable assets, liabilities and contingent liabilities of the acquiree acquired in a business combination not under common control are measured at fair value on the acquisition date. If the merger cost is greater than the fair value share of the acquiree's identifiable net assets acquired in the merger, the difference is recognized 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 fair value of each identifiable asset, liability and contingent liability acquired in the merger, and the merger cost will first be reviewed. After review, if the merger cost is still less than the fair value share of the acquiree's identifiable net assets acquired in the merger, the difference will be included in the non-operating income of the current period of the merger.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Judgment standards for control and preparation methods of consolidated financial statements
The consolidation scope of the Group's consolidated financial statements is determined on the basis of control, including the Company and all subsidiaries controlled by the Company. The Group's criteria for determining control are that the Group 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 its return amount.
When preparing consolidated financial statements, if the accounting policies or accounting periods adopted by a subsidiary and the Company are inconsistent, necessary adjustments will be made to the financial statements of the subsidiary in accordance with the Company's accounting policies or accounting periods.
The impact of internal transactions between the Company and its subsidiaries and between subsidiaries on the consolidated financial statements is eliminated upon consolidation. The share of the subsidiary's owner's equity that does not belong to the parent company and the share of the current period's net profit and loss, other comprehensive income and total comprehensive income that belong to minority shareholders are listed in the consolidated financial statements under the items "Minority shareholders' equity, minority shareholders' profit and loss, other comprehensive income attributable to minority shareholders and total comprehensive income attributable to minority shareholders" respectively.
For subsidiaries acquired through business mergers under common control, their operating results and cash flows will be included in the consolidated financial statements from the beginning of the year of merger. When preparing comparative consolidated financial statements, adjustments are made to relevant items in the previous year's financial statements, and the reporting entity formed after the merger is deemed to have existed since the time when the ultimate controlling party began to control.
For subsidiaries acquired through business combinations not under common control, operating results and cash flows will be included in the consolidated financial statements from the date the group obtains control. When preparing consolidated financial statements, the financial statements of subsidiaries are adjusted based on the fair value of each identifiable asset, liability and contingent liability determined on the acquisition date.
- Classification of joint arrangements and accounting treatment methods for joint operations
The Group's joint arrangements include joint operations and joint ventures. A joint operation refers to a joint arrangement in which the joint venture party enjoys the relevant assets of the arrangement and assumes the relevant liabilities of the arrangement. A joint venture refers to a joint arrangement in which the joint venture party only has rights to the net assets of the arrangement.
For jointly operated projects, the Group, as a joint venture party in the joint operation, recognizes the assets held individually and the liabilities assumed by the share, and the assets held and the liabilities assumed by the share, and the relevant income and expenses are recognized individually or by share according to relevant agreements. If a purchase or sale of assets that does not constitute a business occurs with a joint operation, only the portion of the profit or loss arising from the transaction that is attributable to the other participants in the joint operation is recognized.
- Determination standards for cash and cash equivalents
Cash in the Group's cash flow statement refers to cash on hand and deposits that can be used for payment at any time. Cash equivalents in the cash flow statement refer to investments that have a holding period of no more than 3 months, are highly liquid, are easily convertible into known amounts of cash, and have little risk of value changes.
- Foreign currency business and foreign currency statement conversion
(1) Foreign currency transactions
The Group's foreign currency transactions convert the foreign currency amount into RMB amount based on the exchange rate at the beginning of the transaction. On the balance sheet date, foreign currency monetary items are converted into RMB using the spot exchange rate on the balance sheet date. The resulting conversion differences are directly included in the current profit and loss, except for the exchange differences arising from special foreign currency borrowings for the purchase, construction or production of assets that meet the capitalization conditions, which are treated according to the capitalization principle.
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Foreign currency non-monetary items measured at historical cost are still converted using the spot exchange rate on the date of the transaction, and their accounting functional currency amounts are not changed; foreign currency non-monetary items measured at fair value are converted using the spot exchange rate on the date the fair value is determined, and the converted accounting functional currency amount is the same as the original accounting functional currency. The difference in the amount is treated as a change in fair value (including exchange rate changes) and included in the current profit and loss; capital invested in foreign currencies from investors is converted using the spot exchange rate on the date of the transaction. There is no foreign currency capital conversion difference between the capital invested in foreign currencies and the amount in the recording functional currency of the corresponding monetary item.
(2) Conversion of foreign currency financial statements
The Group converts the financial statements of overseas operations into RMB when preparing consolidated financial statements. Among them: the asset and liability items in the foreign currency balance sheet are converted at the spot exchange rate on the balance sheet date; the owners' equity items, except "undistributed profits", are converted at the spot exchange rate at the time of the business; the income and expense items in the income statement are converted at the average exchange rate for the year. The foreign currency statement translation differences arising from the above translation are listed in other comprehensive income items. Foreign currency cash flows are translated using the annual average exchange rate. The impact of exchange rate changes on cash is presented separately in the cash flow statement.
- Financial instruments
(1) Recognition and derecognition of financial instruments
The Group recognizes a financial asset or financial liability when it becomes a party to a financial instrument contract.
When the following conditions are met, a financial asset (or part of a financial asset, or part of a group of similar financial assets) is derecognised, that is, it is written off from its account and balance sheet: 1) The right to receive cash flows from the financial asset expires; 2) The right to receive cash flows from the financial asset is transferred, or in a "pass-through agreement" "Under the obligation to pay the cash flows received in full to a third party in a timely manner; and it has substantially transferred substantially all the risks and rewards of ownership of the financial asset, or although it has neither transferred nor retained substantially all the risks and rewards of ownership of the financial asset, it has given up control of the financial asset.
Financial liabilities are derecognised if the obligation for the financial liability has been performed, canceled or expired. If an existing financial liability is replaced by another financial liability with substantially different terms from the same creditor, or almost all of the terms of the existing liability are substantially modified, such replacement or modification is treated as derecognition of the original liability and recognition of a new liability, and the difference is included in the current profit and loss.
Buying and selling financial assets in a regular manner will be recognized and derecognized based on transaction date accounting.
(2) Classification and measurement methods of financial assets
Upon initial recognition of the Group's financial assets, based on the Group's business model for managing financial assets and the contractual cash flow characteristics of the financial assets, the financial assets are classified 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. All affected related financial assets will be reclassified if and only when the Group changes its business model for managing financial assets.
When judging the business model, the Group considers the way in which the enterprise evaluates and reports the performance of financial assets to key management personnel, the risks that affect the performance of financial assets and their management methods, and the way in which relevant business managers are remunerated. When assessing whether to collect contractual cash flows as the goal, the Group needs to analyze and judge the reasons, time, frequency and value of sales of financial assets before their maturity date.
When judging the characteristics of contract cash flow, the Group needs to judge whether the contract cash flow is only the payment of principal and interest based on the outstanding principal, and when evaluating the correction of the time value of money, it needs to judge whether there is a significant difference compared with the benchmark cash flow; for financial assets that include early repayment characteristics, it needs to judge whether the fair value of the early repayment characteristics is very small, etc.
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Financial assets are measured at fair value upon initial recognition. However, if accounts receivable or notes receivable arising from the sale of goods or provision of services do not contain a significant financing component or do not consider the financing component that does not exceed one year, they will be initially measured based on the transaction price.
For financial assets 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, and the relevant transaction costs of other types of financial assets are included in their initial recognition amount.
The subsequent measurement of a financial asset depends on its classification:
- Financial assets measured at amortized cost
Financial assets that meet the following conditions at the same time are classified as financial assets measured at amortized cost: ① The business model for managing the financial assets is to collect contractual cash flows as the goal. 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. The Group's financial assets in this category mainly include: monetary funds, accounts receivable, notes receivable, and other receivables.
- Debt instrument investments measured at fair value and changes included in other comprehensive income
If a financial asset meets the following conditions at the same time, it is classified as a financial asset measured at fair value with changes included in other comprehensive income: ① The business model for managing the financial asset aims at both collecting contract cash flows and selling the financial asset. 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. Interest income on such financial assets is recognized using the effective interest rate method. Except for interest income, impairment losses and exchange differences, which are recognized as current profits and losses, other changes in fair value are included in other comprehensive income. When a financial asset is derecognised, the accumulated gains or losses previously included in other comprehensive income are transferred out of other comprehensive income and included in the current profit and loss. The Group's financial assets in this category mainly include: receivables financing.
- Equity instrument investments measured at fair value and changes included in other comprehensive income
The Group irrevocably chooses to designate certain non-trading equity instrument investments as financial assets at fair value through other comprehensive income. Once this designation is made, it cannot be revoked. The Group only includes relevant dividend income (except dividend income that is clearly recovered as part of investment costs) into the current profit and loss, and subsequent changes in fair value are included in other comprehensive income, and no impairment provisions are required. When a financial asset is derecognised, the accumulated gains or losses previously included in other comprehensive income are transferred out of other comprehensive income and included in retained earnings.
- Financial assets measured at fair value and changes included in current profits and losses
Except for the above-mentioned financial assets classified as measured at amortized cost and financial assets classified or designated as measured at fair value with changes included in other comprehensive income, the Group classifies them as financial assets measured at fair value with changes included in current profits and losses. Such financial assets are subsequently measured at fair value, and all changes in fair value are included in current profits and losses, except those related to hedging accounting. The Group's financial assets in this category mainly include: trading financial assets.
If the contingent consideration recognized by the Group 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.
(3) Classification, recognition basis and measurement method of financial liabilities
In addition to financial guarantee contracts issued, loan commitments at lower than market interest rates, and 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, the Group's financial liabilities are classified upon initial recognition into: financial liabilities measured at fair value through profit or loss for the current period, and financial liabilities measured at amortized cost. For measurement at fair value
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For financial liabilities whose changes are included in the current profit and loss, the relevant transaction costs are directly included in the current profit and loss, and the relevant transaction costs of financial liabilities measured at amortized cost are included in their initial recognition amount.
The subsequent measurement of financial liabilities depends on their classification:
- Financial liabilities measured at amortized cost
Financial liabilities measured at amortized cost are subsequently measured based on the amortized cost using the actual interest rate method.
- Financial liabilities measured at fair value and changes included in current profits and losses
Financial liabilities at fair value through profit or loss (including derivatives that are financial liabilities) include trading financial liabilities and financial liabilities designated as fair value through profit or loss upon initial recognition. Trading financial liabilities (including derivatives belonging to financial liabilities) are subsequently measured at fair value, and (except related to hedging accounting) all changes in fair value are included in current profits and losses. For financial liabilities designated as measured at fair value and whose changes are included in current profits and losses, subsequent measurement is carried out at fair value. Except for changes in fair value caused by changes in the Group's own credit risk, which are included in other comprehensive income, other changes in fair value are included in current profits and losses; if changes in fair value caused by changes in the Group's own credit risk are included in other comprehensive income, it will cause or expand accounting mismatches in profit and loss. The Group will include all changes in fair value (including the amount affected by changes in its own credit risk) into current profits and losses.
(4) Impairment of financial instruments
Based on expected credit losses, the Group conducts impairment treatment and recognizes loss provisions for financial assets measured at amortized cost, debt investments measured at fair value with changes included in other comprehensive income, contract assets, and lease receivables.
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 Group discounted at the original effective interest rate, that is, the present value of all cash shortfalls. When the Group considers the expected credit loss measurement method, it reflects the following elements: ① The unbiased probability weighted average amount determined by evaluating a series of possible outcomes; ② The time value of money; ③ Reasonable and well-founded information about past events, current conditions and forecasts of future economic conditions that can be obtained without unnecessary additional costs or at the balance sheet date.
The Group assesses the expected credit losses of financial instruments on an individual and collective basis. When assessing on a collective basis, the Group divides financial instruments into different groups based on common credit risk characteristics. The common credit risk characteristics adopted by the Group include: type of financial instrument, credit risk rating, geographical location of the debtor, industry of the debtor, overdue information, aging of receivables, etc.
The Group's use of the expected credit loss model to assess the impairment of financial instruments and contract assets requires significant judgments and estimates, and all reasonable and evidence-based information, including forward-looking information, must be considered. When making these judgments and estimates, the Group infers expected changes in the debtor's credit risk based on historical repayment data combined with economic policies, macroeconomic indicators, industry risks and other factors. Different estimates may affect the provision of impairment provisions, and the impairment provisions that have been provided may not be equal to the actual amount of future impairment losses.
Impairment testing methods for receivables and contract assets
For receivables such as accounts receivable, notes receivable, financing receivables, contract assets and other receivables that do not contain significant financing components due to daily operating activities such as selling goods and providing services, the Group uses simplified measurement methods and measures loss provisions based on an amount equivalent to the expected credit losses during the entire duration.
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For lease receivables, receivables containing significant financing components and contract assets, the Group chooses to use a simplified measurement method and measure loss provisions based on an amount equivalent to the expected credit losses during the entire duration.
The Group determines expected credit losses individually for notes receivable and accounts receivable with significantly different credit risks. In addition to notes receivable and accounts receivable that individually determine expected credit losses, the Group adopts an expected credit loss model based on the characteristics of the aging portfolio to group notes receivable and accounts receivable and consider whether the credit risk has increased significantly on a group basis. Calculate the expected credit losses of accounts receivable and notes receivable through the default risk exposure and expected credit loss rate of accounts receivable and notes receivable, and determine the expected credit loss rate based on the probability of default and loss given default rate.
(5) Recognition basis and measurement method of financial asset transfer
For financial asset transfer transactions, if the Group has transferred almost all risks and rewards of the ownership of the financial assets to the transferee, the financial assets will be derecognised; if the Group has retained almost all the risks and rewards of the ownership of the financial assets, the financial assets will not be derecognized; if the Group has neither transferred nor retained the financial assets If the financial asset owner has substantially all the risks and rewards of property ownership, and if it gives up control of the financial asset, the financial asset will be terminated and the assets and liabilities incurred shall be recognized. If the control of the financial asset is not given up, the relevant financial assets shall be recognized according to the extent of its continued involvement in the transferred financial assets, and the relevant liabilities shall be recognized accordingly.
If the overall transfer of financial assets meets the conditions for derecognition, the book value of the transferred financial assets on the date of derecognition will be combined with the amount corresponding to the derecognition portion of the consideration received for the transfer and the cumulative amount of changes in fair value originally directly included in other comprehensive income (the financial assets involved in the transfer also meet the following conditions: ① Set The group's business model for managing the financial assets aims at both collecting contractual cash flows and selling the financial assets; ② The contractual terms of the financial assets stipulate that the cash flow generated on a specific date is only the difference between the sum of the principal and the interest based on the outstanding principal amount and is included in the current profit and loss.
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 unrecognized part according to their respective relative fair values, and the consideration received due to the transfer and the cumulative amount of changes in fair value originally included in other comprehensive income that should be apportioned to the derecognized part shall be the amount corresponding to the derecognized part (financial funds involved in the transfer The asset meets the following conditions at the same time: ① The group's business model for managing the financial asset aims at both collecting contractual cash flows and selling the financial asset; ② The contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only the sum of the principal and interest based on the outstanding principal amount.), and the difference between the overall book value of the aforementioned financial assets is included in the current profit and loss.
If the company continues to be involved by providing financial guarantees for the transferred financial assets, the assets formed by the continued involvement will be recognized based on the lower of the book value of the financial assets and the amount of financial guarantees. The amount of financial guarantee refers to the maximum amount that will be required to be repaid out of the consideration received.
(6) Distinguishing between financial liabilities and equity instruments and related treatment methods
The Group distinguishes financial liabilities from equity instruments according to the following principles: (1) If the Group cannot unconditionally avoid delivering cash or other financial assets to fulfill a contractual obligation, then the contractual obligation meets the definition of financial liabilities. Although some financial instruments do not explicitly contain terms and conditions for the obligation to deliver cash or other financial assets, they may indirectly form contractual obligations through other terms and conditions. (2) If a financial instrument must be settled or can be settled with the Group's own equity instruments, it is necessary to consider whether the Group's own equity instruments used to settle the instrument are used as a substitute for cash or other financial assets, or to enable the holder of the instrument to enjoy the remaining equity in the issuer's assets after deducting all liabilities. If it is the former, the instrument is a financial liability of the issuer; if it is the latter, the instrument is an equity instrument of the issuer. In some cases, a financial instrument contract stipulates that the Group must use or can use its own equity instruments to settle the financial instrument, where the amount of the contractual rights or contractual obligations is equal to the number of its own equity instruments that can be obtained or required to be delivered multiplied by the settlement amount.
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If the fair value at the time of calculation is determined, regardless of whether the amount of the contractual rights or obligations is fixed or changes entirely or partially based on changes in variables other than the market price of the Group's own equity instruments (such as interest rates, the price of a certain commodity or the price of a certain financial instrument), the contract is classified as a financial liability.
The Group takes into account all terms and conditions agreed between group members and holders of financial instruments when classifying financial instruments (or their components) in the consolidated statements. An instrument shall be classified as a financial liability if the Group as a whole has an obligation as a result of the instrument to deliver cash, other financial assets, or to settle in another manner that causes the instrument to become a financial liability.
(7) Derivative financial instruments
The Group uses derivative financial instruments, such as foreign exchange forward contracts, commodity forward contracts and interest rate swaps, to hedge exchange rate risk, commodity price risk and interest rate risk respectively. Derivative financial instruments are initially measured at their fair value on the date when the derivative transaction contract is signed, and are subsequently measured at their fair value. Derivative financial instruments with a positive fair value are recognized as an asset and those with a negative fair value are recognized as a liability.
Except for those related to hedging accounting, gains or losses arising from changes in the fair value of derivative instruments are directly included in the current profit and loss.
(8) Offset of financial assets and financial liabilities
The Group's financial assets and financial liabilities are presented separately in the balance sheet and do not offset each other. However, when the following conditions are met at the same time, the net amount after offsetting each other will be presented in the balance sheet: (1) The Group has the legal right to offset the recognized amount, and the legal right is currently enforceable; (2) The Group plans to settle on a net basis, or to realize the financial assets and pay off the financial liabilities at the same time.
- Notes receivable
The Group's business model for managing notes receivable is to collect contractual cash flows. The impairment provision for notes receivable at the end of the year is accrued based on the expected credit impairment method of accounts receivable.
- Accounts receivable
The Group always measures its loss provisions for accounts receivable that are formed from transactions regulated by "Accounting Standards for Business Enterprises No. 14 - Revenue" and do not contain significant financing components at an amount equivalent to the expected credit losses throughout the duration.
Judgment of whether credit risk has increased significantly since initial recognition. The Group determines whether the credit risk of a financial instrument has increased significantly by comparing the default probability within the expected duration of the financial instrument determined at initial recognition with the default probability within the estimated duration of the instrument determined at the balance sheet date. However, if the Group determines that a financial instrument only has low credit risk on the balance sheet date, it can be assumed that the credit risk of the financial instrument has not increased significantly since initial recognition. When determining whether credit risk has increased significantly since initial recognition, the Group considers reasonable and supportable information, including forward-looking information, that can be obtained without unnecessary additional cost or effort. Information considered by the Group includes:
—The issuer or debtor encounters significant financial difficulties;
—The debtor breaches the contract, such as default or overdue payment of interest or principal;
—The creditor grants the debtor concessions that the debtor would not have made under any other circumstances due to economic or contractual considerations related to the debtor’s financial difficulties;
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—The debtor is likely to go bankrupt or undergo other financial reorganization;
—Financial difficulties of the issuer or debtor result in the disappearance of an active market for the financial asset;
—The purchase or origination of a financial asset at a substantial discount that reflects the fact that a credit loss has occurred.
Portfolio-based assessment. For notes receivable and accounts receivable, the Group uses the expected credit loss method to make provision for bad debts. The expected credit losses are determined individually for notes receivable and accounts receivable with significantly different credit risks; in addition to notes receivable and accounts receivable for which expected credit losses are individually determined, the Group adopts an expected credit loss model based on the characteristics of the aging portfolio to group notes receivable and accounts receivable and consider whether the credit risk has increased significantly on a group basis. Calculate the expected credit losses of accounts receivable and notes receivable through the default risk exposure and expected credit loss rate of accounts receivable and notes receivable, and determine the expected credit loss rate based on the probability of default and loss given default rate.
Expected credit loss measurement. 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 Group discounted at the original effective interest rate, that is, the present value of all cash shortfalls.
The Group calculates the expected credit losses of notes receivable and accounts receivable on the balance sheet date. If the expected credit losses are greater than the current carrying amount of impairment provisions for notes receivable and accounts receivable, the Group recognizes the difference as impairment losses for notes receivable or accounts receivable, debits "credit impairment losses" and credits "bad debt provisions". On the contrary, the Group recognized the difference as impairment gain and made opposite accounting records.
If the Group actually suffers a credit loss and determines that the relevant notes receivable or accounts receivable cannot be recovered and is approved to be written off, "bad debt provision" will be debited and "notes receivable" or "accounts receivable" will be credited based on the approved write-off amount. If the write-off amount is greater than the accrued loss provision, the difference will be debited as "credit impairment loss".
Based on the actual credit losses of previous years and considering the forward-looking information of this year, the Group’s accounting estimation policy for measuring expected credit losses is:
Item Within 1 year 1-2 years 2-3 years 3-4 years 4-5 years Expected credit loss rate over 5 years 4.35% 10.00% 25.00% 60.00% 80.00% 100.00%
- Accounts receivable financing
For notes receivable and accounts receivable whose contractual cash flow characteristics are consistent with basic lending arrangements, and the Group's business model for managing such financial assets is to collect contractual cash flows as well as sell them, the Group classifies them as receivable financing and measures them at fair value with changes in them included in other comprehensive income. The fair value at initial recognition is usually the transaction price, and changes in fair value are included in other comprehensive income. When derecognition is terminated, the accumulated gains or losses previously included in other comprehensive income are transferred out of other comprehensive income and included in the current profit and loss.
- Other receivables
Determination method and accounting treatment method of expected credit losses of other receivables
The Group measures loss provisions for other receivables according to the following circumstances: ① For financial assets whose credit risk has not increased significantly since initial recognition, the Group measures loss provisions based on the amount of expected credit losses in the next 12 months; ② Credit risk has increased significantly since initial recognition
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For financial assets that have been credit-impaired, the Group measures loss provisions at an amount equivalent to the expected credit losses during the entire duration of the financial instrument; ③ For financial assets purchased or originated that have experienced credit impairment, the Group measures loss provisions at an amount equivalent to the expected credit losses during the entire duration.
Portfolio-based assessment. For other receivables, the Group is unable to obtain sufficient evidence of a significant increase in credit risk at a reasonable cost at the individual instrument level, but it is feasible to assess whether the credit risk has significantly increased on a combined basis. Therefore, the Group groups other receivables based on the nature of the receivables as common risk characteristics and considers assessing whether the credit risk has increased significantly.
The Group calculates the expected credit losses of other receivables on the balance sheet date. If the expected credit losses are greater than the current carrying amount of impairment provisions for other receivables, the Group recognizes the difference as impairment losses for other receivables, debits "credit impairment losses" and credits "bad debt provisions". On the contrary, the Group recognized the difference as impairment gain and made opposite accounting records.
If the Group actually suffers a credit loss and determines that the relevant other receivables cannot be recovered and is approved to be written off, "bad debt provision" will be debited and "other receivables" will be credited based on the approved write-off amount. If the write-off amount is greater than the accrued loss provision, the difference will be debited as "credit impairment loss".
- Contract assets
Contract assets refer to the right to receive consideration for which the Group has transferred goods to customers, and this right depends on factors other than the passage of time. If the Group sells two clearly distinguishable commodities to a customer and has the right to receive payment because one of the commodities has been delivered, but the receipt of the payment depends on the delivery of the other commodity, the Group treats the right to receive payment as a contract asset.
For the determination method and accounting treatment method of expected credit losses of contract assets, please refer to the above-mentioned Note V. 11 Financial asset impairment related content.
- Inventory
The Group's inventories mainly include raw materials, packaging materials, low-value consumables, work in progress, goods in stock, goods shipped, etc.
Inventories are initially measured at cost. Inventory costs include purchasing costs, processing costs and other costs. Inventories are subject to a perpetual inventory system. When inventory is received or issued, the weighted average method is used to determine its actual cost. Low-value consumables and packaging materials are amortized using the 50-50 amortization method.
On the balance sheet date, inventories are measured at the lower of cost and net realizable value. If the inventory cost is higher than its net realizable value, a provision for inventory depreciation is made and included in the current profit and loss. Net realizable value refers to the estimated selling price of inventory in daily activities minus the estimated costs to be incurred upon completion, estimated sales expenses and related taxes.
Inventory depreciation provisions for inventory commodities and bulk raw materials are withdrawn based on the difference between the cost of a single inventory item and its net realizable value; other raw and auxiliary materials with large quantities and low unit prices are withdrawn according to categories.
The net realizable value of inventory of goods directly for sale, such as goods in stock, work-in-progress and materials for sale, is determined based on the estimated selling price of the inventory minus estimated sales expenses and related taxes; for material inventories held for production, the net realizable value is determined based on the estimated selling price of finished goods produced minus the estimated costs to be incurred upon completion, estimated sales expenses and related taxes.
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- Long-term equity investment
The Group's long-term equity investments include investments in subsidiaries, investments in associates and equity investments in joint ventures.
(1) Judgment of significant influence and joint control
The Group's equity investments that have a significant impact on the investee are investments in associates. Significant influence means that the Group has the power to participate in decision-making on the financial and operating policies of the investee, but it is not able to control or jointly control the formulation of these policies with other parties. When the company directly or indirectly through subsidiaries owns more than 20% but less than 50% of the voting rights of the invested unit, it is generally considered to have significant influence on the invested unit, unless there is clear evidence that the group cannot participate in the invested unit's production and operation decisions or form control over the invested unit.
If the Group holds less than 20% of the voting rights of the invested unit, if the Group has representatives on the board of directors or similar authority of the invested unit/or participates in the formulation process of the financial and operating policies of the invested unit/or has important transactions with the invested unit/or dispatches management personnel to the invested unit/or provides key technical information to the invested unit (or comprehensively considers the above multiple facts and circumstances), the Group believes that it has a significant impact on the invested unit.
Equity investments in which the Group and other joint venture parties jointly control the investee and have rights to the net assets of the investee are investments in joint ventures. 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. The Group's basis for judging joint control is that all participants or combinations of participants collectively control the arrangement, and decisions on activities related to the arrangement must be unanimously agreed upon by the participants who collectively control the arrangement.
(2) Accounting treatment method
The Group initially measures long-term equity investments acquired based on the initial investment cost.
For long-term equity investments obtained through business combinations under common control, the initial investment cost is the share of the book value of the combined party's net assets in the final controlling party's consolidated statements on the date of merger; if the book value of the net assets of the combined party on the date of merger is negative, the initial investment cost is determined as zero.
For long-term equity investments obtained through business mergers not under common control, the merger cost shall be regarded as the initial investment cost; except for long-term equity investments formed by business mergers, long-term equity investments acquired by payment of cash shall be regarded as the initial investment cost according to the actual purchase price paid and expenses, taxes and other necessary expenses directly related to the acquisition of long-term equity investments; for long-term equity investments acquired by the issuance of equity securities, the investment cost shall be based on the fair value of the equity securities issued.
The Company's investments in subsidiaries are accounted for using the cost method in individual financial statements. When using the cost method, long-term equity investments are valued at the initial investment cost. When additional investment is made, the book value of the long-term equity investment cost is increased based on the fair value of the cost paid for the additional investment and the related transaction costs incurred. Cash dividends or profits declared by the investee to be distributed shall be recognized as investment income for the current period according to the amount to which the investee shall be entitled.
The Group's investments in joint ventures and associates are accounted for using the equity method. When using the equity method, if the initial investment cost of a long-term equity investment is greater than the share of the fair value of the investee's identifiable net assets at the time of investment, the book value of the long-term equity investment will not be adjusted; if the initial investment cost of a long-term equity investment is less than the share of the fair value of the investee's identifiable net assets at the time of investment, the difference will be adjusted to the book value of the long-term equity investment and included in the current profit and loss of the investment.
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For long-term equity investments accounted for using the equity method for subsequent measurement, during the period when the investment is held, the book value of the long-term equity investment will be increased or decreased accordingly with changes in the owner's equity of the investee. When confirming the share of the investee's net profits and losses, the fair value of the investee's identifiable assets when the investment is obtained is used as the basis, in accordance with the Group's accounting policies and accounting periods, and the unrealized internal transaction gains and losses arising from transactions with associates and joint ventures that do not constitute business are offset to calculate the portion attributable to the Group according to the share (internal transaction losses are asset impairment losses, the full amount is recognized), and the net profit of the investee is recognized after adjustment. The Group recognizes net losses incurred by the investee until the book value of the long-term equity investment and other long-term interests that essentially constitute the net investment in the investee are reduced to zero, unless the Group has the obligation to bear additional losses.
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 investment income.
- Investment real estate
Investment real estate measurement model
Cost method measurement
Depreciation or amortization method
The Group's investment real estate refers to real estate held to earn rentals or capital appreciation, or both, including leased land use rights and buildings.
The Group's investment real estate is initially measured at cost, followed by the cost model for subsequent measurement, and depreciated or amortized using the same methods as fixed assets and intangible assets.
- Fixed assets
(1) Confirmation conditions
The Group's fixed assets are tangible assets with a useful life of more than one year and a large unit value that are held for the purpose of producing goods, providing labor services, leasing or operating management.
Fixed assets are recognized when the economic benefits related to them are likely to flow to the Group and their costs can be measured reliably. The Group's fixed assets include houses and buildings, special equipment, office equipment, transportation vehicles, etc.
(2) Depreciation method
Category Depreciation method Depreciation life Salvage value rate Annual depreciation rate
Houses and buildings Average age method 20 5.00% 4.75%
Special equipment Average age method 5-10 5.00% 9.50%-19.00%
Means of transportation Average age method 5-10 5.00% 9.50%-19.00%
Office equipment Average age method 5-10 5.00% 9.50%-19.00%
The Group accrues depreciation on all fixed assets except for fixed assets that have been fully depreciated and are still in use and land that is separately valued and accounted for. The average life method is used when calculating depreciation.
At the end of each year, the Group reviews the estimated useful life, estimated net residual value and depreciation method of fixed assets. If any changes occur, they will be treated as changes in accounting estimates.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Projects under construction
The cost of construction in progress is determined based on actual project expenditures, including various necessary project expenditures incurred during the construction period, borrowing costs that should be capitalized before the project reaches its intended usable state, and other related expenses.
From the date when a project under construction reaches its intended usable state, the estimated value will be transferred to fixed assets based on the project budget, cost or actual project cost, etc., and depreciation will be accrued from the next month. The difference in the original value of the fixed assets will be adjusted after the completion settlement procedures are completed.
Projects under construction will be transferred to fixed assets when they reach the intended usable state. The standards are as follows:
Item Standards for carrying forward fixed assets
The main construction projects and supporting projects of houses and buildings have been substantially completed and will be converted into fixed assets when they are put into use.
(1) Relevant equipment and other supporting facilities have been installed; (2) The equipment has been approved by asset management personnel and the machinery and equipment to be installed
User acceptance.
- Borrowing costs
The Group capitalizes the borrowing costs directly attributable to the acquisition, construction or production of assets that meet the capitalization conditions and includes them in the cost of the relevant assets. Other borrowing costs are included in the current profits and losses. The assets determined by the Group to qualify for capitalization include those that require Borrowing costs for fixed assets, investment real estate, inventories, etc. that require more than one year of acquisition, construction or production activities to reach the intended usable or salable state, shall be capitalized when asset expenditures have been incurred, borrowing costs have been incurred, and the acquisition, construction or production activities necessary to bring the assets to the intended usable or salable state have begun; when the acquisition, construction or production of assets that meet the capitalization conditions reaches the intended usable or salable state, capitalization will stop, and the borrowing costs incurred thereafter shall be included in the current profit and loss. 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 until the acquisition, construction or production activities of the asset are restarted.
In each accounting period within the capitalization period, the Group recognizes the capitalized amount of borrowing costs in accordance with the following method: if it borrows special borrowings, it shall be determined based on the interest expenses actually incurred in the current period, minus the interest income obtained from unused borrowed funds deposited in banks or investment income obtained from temporary investments; if it occupies general borrowings, it shall be determined based on the weighted average of asset disbursements exceeding the part of special borrowings multiplied by the capitalization rate of the occupied general borrowings, in which the capitalization rate shall be calculated and determined based on the weighted average interest rate of general borrowings.
- Intangible assets
(1) Useful life and its basis for determination, estimation, amortization method or review procedure
Land use rights are amortized on average over the transfer period from the date of transfer; intangible assets such as patented technology, non-patented technology and software are amortized on average in installments based on the shortest of the expected use life, the beneficial life specified in the contract and the effective life specified by law. The amortization amount is included in the relevant asset cost and current profit and loss according to its beneficiary objects. The estimated useful life and amortization method of intangible assets with limited service life are reviewed at the end of each year. If there are changes, they will be treated as changes in accounting estimates.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
(2) Scope of aggregation of R&D expenditures and related accounting treatment methods
The Group's research and development expenditures are divided into research-stage expenditures and development-stage expenditures based on their nature and whether there is greater uncertainty in the eventual formation of intangible assets from R&D activities.
Expenditures in the research stage are included in the current profits and losses when incurred.
Expenditures in the development stage are recognized as intangible assets if they meet the following conditions:
It is technically feasible to complete the intangible asset so that it can be used or sold;
The management has the intention to complete the intangible asset and use or sell it;
The way intangible assets generate economic benefits, including being able to prove that there is a market for the products produced using the intangible assets or that the intangible assets themselves have a market. If the intangible assets will be used internally, their usefulness can be proven;
Have sufficient technical, financial and other resource support to complete the development of the intangible assets, and have the ability to use or sell the intangible assets;
Expenditures attributable to the development stage of the intangible asset can be measured reliably.
Expenditures in the development phase that do not meet the above conditions are included in the current profits and losses when incurred. Development expenditures that have been included in profits and losses in the previous period will no longer be recognized as assets in subsequent periods. Capitalized expenditures in the development phase are listed as development expenditures on the balance sheet and are converted into intangible assets from the date the project reaches its intended usable state.
- Impairment of long-term assets
The Group inspects long-term equity investments, investment real estate measured using the cost model, fixed assets, construction in progress, right-of-use assets, intangible assets with limited useful lives and other items on each balance sheet date. When there are signs of impairment, the Group conducts an impairment test. Goodwill, intangible assets with indefinite useful lives, and development expenditures that have not yet reached their intended usable state are subject to impairment testing at the end of each year regardless of whether there are signs of impairment.
(1) Impairment of non-current assets other than financial assets (except goodwill)
When the Group conducts impairment testing, it determines its recoverable amount based on the higher of the asset's fair value minus disposal costs and the present value of the asset's expected future cash flows. After impairment testing, if the book value of the asset exceeds its recoverable amount, the difference is recognized as impairment loss.
The Group estimates the recoverable amount on the basis of a single asset. If it is difficult to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the asset group to which the asset belongs. The identification of an asset group is based on whether the main cash inflow generated by the asset group is independent of the cash inflows of other assets or asset groups.
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, management must estimate the expected future cash flows of the asset or asset group and select an appropriate discount rate to determine the present value of future cash flows.
(2) Impairment of goodwill
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
For goodwill formed by business combinations, the Group will allocate its book value to relevant asset groups in a reasonable manner from the date of purchase. If it is difficult to allocate it to relevant asset groups, it will allocate it to relevant asset group combinations. When conducting an impairment test on a relevant asset group or combination of asset groups that contains goodwill, if there are signs of impairment in the asset group or combination of asset groups that are related to goodwill, first conduct an impairment test on the asset group or combination of asset groups that does not contain goodwill, calculate the recoverable amount, and compare it with the relevant book value to confirm the corresponding impairment loss; then conduct an impairment test on the asset group or combination of asset groups that does not contain goodwill. Conduct an impairment test on the group combination and compare the book value with the recoverable amount. If the recoverable amount is lower than the book value, the impairment loss will first be deducted from the book value of the goodwill allocated to the asset group or asset group combination, and then the book value of other assets will be deducted in proportion to the proportion of the book value of other assets in the asset group or asset group combination except goodwill.
Once the impairment loss of the above assets is recognized, it will not be reversed in subsequent accounting periods.
- Contract liabilities
Contract liabilities reflect the Group's obligation to transfer goods to customers for consideration received or receivable from customers. Before the Group transfers the goods to the customer, if the customer has paid the contract consideration or the Group has obtained the unconditional right to receive the contract consideration, the contract liability shall be recognized based on the amount received or receivable at the earlier of the actual payment by the customer and the amount due.
- Employee compensation
(1) Accounting treatment method for short-term compensation
Short-term compensation mainly includes employee wages, employee bonuses, etc. During the accounting period when employees provide services, the actual short-term compensation is recognized as a liability and included in the current profit and loss or related asset costs according to the beneficiary object.
(2) Accounting treatment of post-employment benefits
Post-employment benefits mainly include basic pension insurance premiums, unemployment insurance premiums, etc., which are classified into defined contribution plans based on the risks and obligations borne by the group. For defined contribution plans, the deposits paid to a separate entity on the balance sheet date in exchange for the services provided by employees during the accounting period are recognized as liabilities, and are included in the current profit and loss or related asset costs according to the beneficiary objects.
(3) Accounting treatment method for dismissal benefits
Dismissal benefits are generated due to the dismissal of employees. The employee compensation liabilities arising from the dismissal benefits are recognized on the date of the dismissal decision and included in the current profit and loss. Among them, the compensation that cannot be paid for more than one year is discounted at the appropriate discount rate and included in the current profit and loss.
- Estimated liabilities
When the business related to contingencies such as product quality assurance meets the following conditions at the same time, the Group will recognize it as a liability: the obligation is a current obligation borne by the Group; the performance of the obligation is likely to result in the outflow of economic benefits from the enterprise; the amount of the obligation can be measured reliably. The Group's estimated liabilities are product after-sales maintenance fees, which are accrued based on four thousandths of the current year's main business income. The amount of estimated liabilities will be adjusted accordingly based on the expiration of the contract warranty period and no compensation.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Estimated liabilities are initially measured based on the best estimate of the expenditure required to fulfill the relevant current obligations, and factors such as risks, uncertainties, and time value of money related to contingencies are comprehensively considered. The Group reviews the current best estimates on the balance sheet date and adjusts the book value of estimated liabilities.
Contingent liabilities of the acquiree acquired in a business combination not under common control are measured at fair value upon initial recognition. After initial recognition, subsequent measurement is carried out at the higher of the amount recognized as estimated liabilities and the balance after deducting the accumulated amortization amount determined by the revenue recognition principle from the initial recognition amount.
- Share-based payment
The Group's share-based payments are equity-settled share-based payments.
Equity-settled share-based payments in exchange for services provided by employees are measured at the fair value of the equity instruments granted to employees on the date of grant. If the rights become exercisable immediately after grant, the fair value of the equity instrument on the grant date will be included in the relevant costs or expenses, and the capital reserve will be increased accordingly. If it is necessary to complete the services during the waiting period or meet the specified performance conditions before vesting, on each balance sheet date during the waiting period, based on the best estimate of the number of vested equity instruments and the fair value of the equity instrument grant date, the services obtained in the current period will be included in the relevant costs or expenses and capital reserves. If the terms of equity-settled share-based payment are modified, at least the services obtained will be recognized as if the terms had not been modified. In addition, modifications that increase the fair value of equity instruments granted, or changes that are beneficial to employees on the modification date, are recognized as increases in services obtained.
If an equity-settled share-based payment is cancelled, it will be treated as accelerated exercise on the cancellation date and the unconfirmed amount will be recognized immediately. 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 new equity instruments are granted and it is determined on the grant date of the new equity instruments that the new equity instruments granted are used to replace the canceled equity instruments, the replacement equity instruments granted will be treated in the same manner as modifications to the terms and conditions of the original equity instruments.
- Income
Disclose accounting policies adopted for revenue recognition and measurement by business type
(1) The Group’s operating income mainly includes income from sales of goods and income from transfer of asset use rights
The Group recognizes revenue when it fulfills its performance obligations in the contract, that is, when the customer obtains control of the relevant goods or services. Obtaining control over relevant goods or services means being able to direct the use of the goods or the provision of the services and obtain almost all economic benefits from them.
If the contract contains two or more performance obligations, the Group will, at the beginning of the contract, allocate the transaction price to each individual performance obligation based on the relative proportion of the stand-alone selling price of the goods or services promised by each individual performance obligation, and measure revenue based on the transaction price allocated to each individual performance obligation.
The transaction price is the amount of consideration that the Group expects to be entitled to receive for transferring goods or services to customers, excluding payments received on behalf of third parties. The transaction price recognized by the Group does not exceed the amount at which the cumulative recognized revenue is unlikely to be significantly reversed when the relevant uncertainty is eliminated. Amounts expected to be returned to customers as a liability are not included in the transaction price. If there is a significant financing component in the contract, the Group determines the transaction price based on the amount payable in cash when the customer obtains control of the goods or services. The transaction price corresponds to the contract
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The difference between the prices will be amortized using the effective interest method during the contract period. On the commencement date of the contract, if the Group expects that the interval between the customer's obtaining control of the goods or services and the customer's payment of the price will not exceed one year, the Group will not consider the significant financing component in the contract.
When one of the following conditions is met, the Group performs its performance obligations within a certain period of time; otherwise, it performs its performance obligations at a certain point in time:
When the Group performs the contract, the customer obtains and consumes the economic benefits brought by the Group's performance.
Customers can control the products under construction during the Group's performance of the contract.
The goods produced during the Group's performance of the contract have irreplaceable uses, and the Group has the right to collect payment for the cumulative performance part that has been completed during the entire contract period.
For performance obligations performed within a certain period of time, the Group recognizes revenue based on the performance progress within that period and determines the performance progress based on the input method. When the progress of contract performance cannot be reasonably determined, if the costs incurred by the Group 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 Group recognizes revenue at the point when the customer obtains control of the relevant goods or services. When determining whether a customer has obtained control of goods or services, the Group considers the following signs:
The Group has the current right to receive payment for the goods or services.
The Group has transferred the legal ownership of the goods to the customer.
The Group has physically transferred the goods to the customer.
The Group has transferred the main risks and rewards of ownership of the commodity to the customer.
The customer has accepted the goods or services, etc.
The Group has transferred goods or services to customers and has the right to receive consideration. In addition to the passage of time, this right also depends on other conditions to receive the corresponding contract consideration. This right is listed as a contract asset, and the contract asset is impaired based on expected credit losses. The Group's unconditional right to collect consideration from customers is listed as receivables. The Group's obligations to transfer goods or services to customers for which consideration has been received or receivable are presented as contract liabilities.
(2) Specific principles for revenue recognition
- Domestic sales: Domestic sales revenue is recognized when the goods are shipped to the customer or the customer has picked up the goods and has been accepted by the customer. 2) Export sales: In accordance with the provisions of the sales contract and the Incoterms (2010), export sales revenue is recognized based on the transfer of control of the exported goods. If there is a special agreement on the transfer of control clause in the contract, the special agreement shall prevail.
- Contract costs
(1) Method for determining the amount of assets related to contract costs
The Group's assets related to contract costs include contract performance costs and contract acquisition costs. Based on their liquidity, contract performance costs are presented in inventories and other non-current assets respectively, and contract acquisition costs are presented in other current assets and other non-current assets respectively.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Contract performance costs, that is, the costs incurred by the Group to perform the contract, are recognized as an asset as contract performance costs if they do not fall within the scope of relevant accounting standards such as inventories, fixed assets or intangible assets and meet the following conditions: The costs are directly related to a current or expected contract, including direct labor, direct materials, manufacturing expenses (or similar expenses), costs clearly borne by the customer, and other costs incurred solely because of the contract; this cost increases the Group's future resources for fulfilling performance obligations; this cost is expected to be recovered.
Contract acquisition costs, that is, the incremental costs incurred by the Group to acquire the contract that are expected to be recovered, are recognized as contract acquisition costs and are recognized as an asset. If the amortization period of the asset does not exceed one year, the Group chooses the simplified treatment of recording it into the current profit and loss when incurred. Incremental costs refer to costs that would not be incurred without obtaining the contract (such as sales commissions, etc.). Other expenses incurred by the Group to obtain the contract, other than the incremental costs expected to be recovered (such as travel expenses that will be incurred regardless of whether the contract is obtained, etc.), are included in the current profit and loss when incurred, except for those that are clearly borne by the customer.
(2) Amortization of assets related to contract costs
The Group's assets related to contract costs are amortized on the same basis as the commodity revenue recognition related to the assets and included in the current profit and loss.
(3) Impairment of assets related to contract costs
If the book value of the assets related to the contract cost of the Group is higher than the difference between the following two items, the Group will make an impairment provision for the excess and recognize it as an asset impairment loss: ① The remaining consideration that the enterprise expects to obtain for transferring the goods related to the asset; ② The estimated cost to be incurred in transferring the related goods.
- Government subsidies
Government subsidies are recognized when the conditions attached to them can be met and received. If the government subsidy is a monetary asset, it shall be measured according to the actual amount received. For a subsidy allocated according to a fixed quota standard, or when there is conclusive evidence at the end of the year that it can meet the relevant conditions stipulated in the fiscal support policy and it is expected to receive fiscal support funds, it shall be measured according to the amount receivable; if the government subsidy is a non-monetary asset, it shall be measured according to the fair value. If the fair value cannot be obtained reliably, it shall be measured according to the nominal amount (1 yuan).
The Group's government subsidies include financial allocations, etc. Among them, asset-related government subsidies refer to government subsidies obtained by the Group for the purchase, construction or other formation of long-term assets; income-related government subsidies refer to government subsidies other than asset-related government subsidies. If the subsidy objects are not clearly specified in government documents, the Group will make judgments based on the above distinction principles. If it is difficult to distinguish, the whole group will be classified as income-related government subsidies.
Government subsidies related to assets are recognized as deferred income and are evenly distributed into the current profits and losses over the useful life of the relevant assets. If the relevant assets are sold, transferred, scrapped or damaged before the end of their useful life, the undistributed balance of relevant deferred income will be transferred to the profit and loss of the current period of asset disposal.
Government subsidies related to income that are used to compensate for relevant costs, expenses or losses in subsequent periods are recognized as deferred income and included in the current profits and losses in the period in which the relevant costs, expenses or losses are recognized. Government subsidies related to daily activities shall be included in other income according to the economic and business essence. Government subsidies unrelated to daily activities are included in non-operating income and expenses.
If the Group obtains interest discounts on policy-based preferential loans, it will distinguish between two situations where the government allocates interest discount funds to the lending bank and the government directly allocates interest discount funds to the Group, and the accounting treatment shall be carried out in accordance with the following principles:
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
(1) If the finance department allocates interest discount funds to the lending bank, and the lending bank provides loans to the group at policy-based preferential interest rates, the Group will use the actual borrowing amount received as the entry value of the loan, and calculate relevant borrowing costs based on the loan principal and the policy-based preferential interest rate.
(2) The finance department will directly allocate interest discount funds to the Group, and the Group will use the corresponding interest discount to offset related borrowing costs.
If the government subsidies that have been confirmed by the Group need to be returned, accounting treatment will be carried out in accordance with the following provisions in the current period in which they need to be returned: (1) If the book value of the relevant assets is offset at the time of 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 shall be offset, and the excess shall be included in the current profit and loss.
(3) If it belongs to other circumstances, it will be directly included in the current profit and loss.
- Deferred income tax assets/deferred income tax liabilities
The Group's deferred income tax assets and deferred income tax liabilities are calculated and recognized based on the difference between the tax basis of assets and liabilities and their book value, as well as the difference between the tax basis and their book value of items that are not recognized as assets and liabilities but whose tax basis can be determined in accordance with tax laws (temporary differences).
The Group recognizes deferred income tax liabilities for all taxable temporary differences except in the following situations: (1) Temporary differences arise from the initial recognition of goodwill or the initial recognition of assets or liabilities arising from non-business merger transactions that affect neither accounting profits nor taxable income (or deductible losses); (2) Taxable temporary differences related to investments in subsidiaries, associates and joint ventures, the Group is able to control the timing of the reversal of the temporary differences and the temporary differences are likely not to be reversed in the foreseeable future.
To the extent that the Group is likely to obtain future taxable income that can be used to offset the deductible temporary differences, deductible losses and tax credits, it recognizes deferred income tax assets for deductible temporary differences, deductible losses and tax credits that arise except in the following circumstances: (1) Temporary differences arise from situations that neither affect accounting profits nor taxable income (or are deductible). (2) The deductible temporary differences related to investments in subsidiaries, associates and joint ventures cannot meet the following conditions at the same time: the temporary differences are likely to be reversed in the foreseeable future, and the taxable income that can be used to offset the deductible temporary differences is likely to be obtained in the future.
The Group recognizes deferred income tax assets for all unused deductible losses to the extent that it is probable that sufficient taxable income will be available against which the deductible losses can be utilized. Management uses a lot of judgment to estimate the time and amount of taxable income in the future, and combines tax planning strategies to determine the amount of deferred income tax assets that should be recognized, so there is uncertainty.
On the balance sheet date, deferred income tax assets and deferred income tax liabilities are measured according to the applicable tax rate during the period when the asset is expected to be recovered or the liability is settled.
- Leasing
(1) Accounting treatment method for leasing as lessee
- Lease confirmation
Except for short-term leases and leases of low-value assets, the Group recognizes right-of-use assets and lease liabilities for leases on the start date of the lease period.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Right-of-use assets refer to the Group's right as a lessee to use the leased assets during the lease term, and are initially measured at cost. The cost includes: ① the initial measurement amount of the lease liability; ② the lease payment amount paid on or before the start date of the lease term minus the amount related to the lease incentive that has been enjoyed; ③ the initial direct costs incurred; ④ 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 (except for those incurred for the production of inventory). If the Group remeasures lease liabilities in accordance with the relevant provisions of the lease standards, the book value of the right-of-use assets will be adjusted accordingly.
The Group depreciates right-of-use assets on a straight-line basis based on the expected consumption pattern of the economic benefits related to the 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, depreciation will be accrued 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, depreciation will be accrued during the shorter of the lease term and the remaining useful life of the leased asset. The depreciation amount accrued shall be included in the cost of the relevant assets or the current profits and losses according to the purpose of the right-of-use assets.
The Group initially measures lease liabilities based on the present value of the unpaid lease payments at the beginning of the lease term. Lease payments include: ① fixed payments and substantive fixed payments, net of amounts related to lease incentives; ② variable lease payments that depend on an index or ratio; ③ the exercise price of the purchase option when the Group reasonably determines that it will exercise the purchase option; ④ the lease term reflects the payment required to exercise the lease termination option when the Group will exercise the lease termination option; ⑤ the amount expected to be paid based on the residual value of the guarantee provided by the Group.
When calculating the present value of lease payments, the Group uses the incremental borrowing rate as the discount rate because it is unable to determine the interest rate implicit in the lease. The Group 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, except for those that should be capitalized.
After the start date of the lease period, when the Group recognizes the interest on the lease liability, it increases the carrying amount of the lease liability; when it pays the lease payment, it reduces the carrying amount of the lease liability. When the actual fixed payment amount changes, the expected amount payable of the guaranteed residual value changes, the index or ratio used to determine the lease payment changes, the evaluation results or actual exercise of the purchase option, lease renewal option or termination option change, the Group remeasures the lease liability based on the present value of the changed lease payment.
- Lease changes
Lease changes refer to changes in the lease scope, lease consideration, and lease term beyond the terms of the original contract, including increasing or terminating the right to use one or more leased assets, extending or shortening the lease period stipulated in the contract, etc. The effective date of the lease change refers to the date when both parties agree on the lease change.
If a lease changes and meets the following conditions, the Group will account for the lease change as a separate lease: ① The lease change expands the scope of the lease or extends the lease term by increasing the right to use one or more leased assets; ② The increased consideration is equivalent to the amount of the individual price of the expanded part of the lease scope or the extended part of the lease term 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 Group will allocate the consideration of the contract after the change in accordance with the relevant provisions of the lease standards, re-determine the lease term after the change; and use the revised discount rate to discount the lease payment after the change to re-measure the lease liability. Regarding the impact of the above lease liability adjustment, the Group distinguishes the following situations for accounting treatment: ① If the lease change results in a reduction in the scope of the lease or a shortening of the lease period, the lessee shall reduce the book value of the right-of-use asset and include the relevant gains or losses from the partial or complete termination of the lease into the current profits and losses. ② If other lease changes result in the remeasurement of lease liabilities, the lessee shall adjust the book value of the right-of-use assets accordingly.
- Short-term leasing and leasing of low-value assets
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The Group chooses not to recognize right-of-use assets and lease liabilities for short-term leases with a lease term not exceeding 12 months and leases of low-value assets that would have a lower value when the individual leased assets are new. The Group will include the lease payments for short-term leases and low-value asset leases into the relevant asset costs or current profits and losses in each period during the lease term using the straight-line method or other systematic and reasonable methods.
(2) Accounting treatment method for leasing as lessor
As a lessor, if a lease transfers substantially all the risks and rewards related to the ownership of the leased asset, the Group classifies the lease as a finance lease, otherwise it is classified as an operating lease.
- Financial leasing
On the start date of the lease period, the Group recognizes finance lease receivables for finance leases and derecognizes finance lease assets. When the Group initially measures finance lease receivables, it uses the net lease investment as the entry value of finance 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 Group calculates and recognizes interest income in each period during the lease term based on fixed periodic interest rates. Variable lease payments obtained by the Group that are not included in the measurement of net lease investment are included in the current profit and loss when actually incurred.
- Operating lease
During each period of the lease term, the Group uses the straight-line method to recognize the lease receipts from operating leases as rental income.
The initial direct expenses incurred by the Group in connection with operating leases are capitalized into the cost of the underlying assets of the lease, and are included in the current profits and losses in installments during the lease term on the same recognition basis as rental income. Variable lease payments obtained by the Group related to operating leases that are not included in the lease receipts are included in the current profit and loss when they actually occur.
If an operating lease changes, the Group will account for it as a new lease starting from the effective date of the change, and the amount of lease receipts received in advance or receivable related to the lease before the change is regarded as the amount of receipts from the new lease.
- 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
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
6. Taxes
- Main tax types and tax rates
Tax type Tax calculation basis Rate value-added tax Commodity sales income, tangible movable property leasing income, etc. 3%, 5%, 6%, 7%, 9%, 10%, 13%, 18%, 27% urban maintenance and construction tax Amount of turnover tax payable 7%, 5% Corporate income tax Taxable income 9%-30% If there are taxpayers with different corporate income tax rates, a description of the disclosure
Name of taxpayer Income tax rate Shandong Halma Machinery Technology Co., Ltd. 15% Kunshan Halma Machinery Technology Co., Ltd. 20% Tianjin Halma Mold Co., Ltd. 20% Liaoning Halma Technology Co., Ltd. 20% Global Manufacturing Services, Inc. 21% Halma (Europe) Co., Ltd. 9% Halma Mold (India) Private Limited Liability Company 22% Halma (Thailand) Co., Ltd. 20% Halma Mold Indonesia Co., Ltd. 22% Shandong Halma CNC Machine Tool Co., Ltd. 15% Halma Brazil Industrial Equipment Trading Co., Ltd. 15% Halma Brazil Precision Machinery Industry Co., Ltd. 15% Halma (Vietnam) Co., Ltd. 17% Tyco Industries Singapore Pte. Ltd. 17% Tyco Mexico Machinery Manufacturing Co., Ltd. 30% Hefei Halma Machinery Technology Co., Ltd. 20% Xiamen Halma Mold Co., Ltd. 20% Guizhou Halma Machinery Technology Co., Ltd. 20% Guangzhou Halma Machinery Manufacturing Co., Ltd. 20% Halma Holdings (Hong Kong) Co., Ltd. 16.5% Tyco Mold (Cambodia) Co., Ltd. 20% Xi'an Halma CNC Machine Tool Co., Ltd. 20% Halma Machinery Technology (Rizhao) Co., Ltd. 25% Shandong Halma Mold Co., Ltd. 25% Halma Cambodia Technology Co., Ltd. 20%
- Tax incentives
(1) According to the "Announcement on the Registration of the First Batch of High-tech Enterprises Certified and Reported by the Shandong Provincial Certification Agency in 2023" issued by the National High-tech Enterprise Recognition Management Leading Group Office on December 18, 2023, the company has passed the high-tech enterprise certification and has
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Obtained high-tech enterprise certificate No. GR202337002641. The high-tech enterprise certificate issuance date is November 29, 2023, and the qualification is valid for three years. According to the relevant provisions of the Enterprise Income Tax Law, the company implements the 15% income tax rate for high-tech enterprises.
(2) According to the "Announcement on the Registration of the Third Batch of High-tech Enterprises Certified and Reported by the Shandong Provincial Certification Agency in 2023" issued by the National High-tech Enterprise Recognition Management Leading Group Office on December 28, 2023, the subsidiary Shandong Haomai CNC Machine Tool Co., Ltd. has passed the high-tech enterprise certification and obtained the high-tech enterprise certificate No. GR202337009114. The high-tech enterprise certificate issuance date is December 7, 2023, and the qualification is valid for three years. According to the relevant provisions of the Enterprise Income Tax Law, Shandong Haomai CNC Machine Tool Co., Ltd. implements the 15% income tax rate for high-tech enterprises.
(3) According to the "Notice on the Additional VAT Deduction Policy for Industrial Machinery Enterprises" jointly issued by the Ministry of Finance and the State Administration of Taxation (Finance and Taxation [2023] No. 25): From January 1, 2023 to December 31, 2027, general VAT taxpayers who produce and sell advanced industrial machine hosts, key functional components, and numerical control systems are allowed to add the deductible input tax for the current period. 15% of the value-added tax payable by the enterprise. Shandong Haomai CNC Machine Tool Co., Ltd. enjoys tax benefits of super deduction of value-added tax.
(4) According to Thailand’s national investment preferential policies, Halma (Thailand) Co., Ltd. can be exempted from corporate income tax not exceeding 100% of the project investment amount from 2022 to 2028.
(5) According to the "Announcement on Further Implementing Preferential Income Tax Policies for Small and Micro Enterprises" (Caishui [2022] No. 13) and the "Announcement on Preferential Income Tax Policies for Small and Micro Enterprises and Individual Industrial and Commercial Households" (Caishui [2023] No. 6) jointly issued by the Ministry of Finance and the State Administration of Taxation: small and low-profit enterprises will be included in taxable income at a reduced rate of 25% and pay corporate income tax at a rate of 20%. The company's domestic subsidiaries Kunshan Haomai Machinery Technology Co., Ltd., Liaoning Haomai Technology Co., Ltd., Tianjin Haomai Mold Co., Ltd., Hefei Haomai Machinery Technology Co., Ltd., Xiamen Haomai Mold Co., Ltd., Guizhou Haomai Machinery Technology Co., Ltd., Guangzhou Haomai Machinery Manufacturing Co., Ltd., and Xi'an Haomai CNC Machine Tool Co., Ltd. are eligible for the inclusive tax exemption policy for small and micro enterprises.
(6) According to the "Announcement on the Additional VAT Deduction Policy for Advanced Manufacturing Enterprises" jointly issued by the Ministry of Finance and the State Administration of Taxation (Finance and Taxation [2023] No. 43): From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to deduct an additional 5% of the deductible input tax for the current period to deduct the value-added tax payable. Shandong Haomai Machinery Technology Co., Ltd. enjoys tax benefits of super deduction of value-added tax.
7. Notes on Consolidated Financial Statement Items
- Monetary funds
Unit: Yuan
Item Ending balance Beginning balance
Cash on hand 1,847,774.59 1,099,020.69 Bank deposits 888,087,397.23 1,448,775,786.12 Other monetary funds 10,243,871.75 32,748,727.10 Total 900,179,043.57 1,482,623,533.91
Including: Total amount deposited abroad 149,435,375.10 170,585,386.71 Other instructions:
(1) Use of restricted monetary funds
Item Ending balance Beginning balance
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Item Ending balance Beginning balance
Labor wage deposit and foreign exchange settlement and sales business deposit 231,714.81 231,655.25 Guarantee deposit and letter of credit deposit 10,012,156.94 32,517,071.85 Total 10,243,871.75 32,748,727.10
As of June 30, 2026, except for the restricted funds mentioned above, the Group has no other monetary funds that are restricted in use due to mortgages, pledges or freezes, or are stored overseas and the repatriation of funds is restricted.
- Trading financial assets
Unit: Yuan
Item Ending balance Beginning balance
Measured at fair value with changes included in current profit and loss
450,000,000.00 financial assets
Among them:
Bank structured deposits 450,000,000.00
Among them:
Total 450,000,000.00
- Notes receivable
(1) Classified presentation of notes receivable
Unit: Yuan
Item Ending balance Beginning balance
Bank acceptance notes 381,543,001.41 365,505,058.21 Commercial acceptance notes 153,435,567.23 305,581,874.48 Total 534,978,568.64 671,086,932.69
(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
Among them:
Provision for bad debts by combination 541,956,5 100.0 6,977,9 534,978 684,984 13,897, 671,086
1.29% 100.00% 2.03% Notes receivable prepared 58.37 0% 89.73,568.64,278.79 346.10,932.69 of which:
According to the risk-free portfolio
381,543,0 70.40 381,543 365,505 365,505 53.36% of provision for bad debts
01.41 % ,001.41 ,058.21 ,058.21 bank acceptance bill
According to aging characteristics
160,413,5 29.60 6,977,9 153,435 319,479 13,897, 305,581 based forecast information 4.35% 46.64% 4.35%
56.96 % 89.73,567.23,220.58 346.10,874.48 Provision based on loss combination
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Bad debt provision for business
acceptance bill
541,956,5 100.0 6,977,9 534,978 684,984 13,897, 671,086Total 1.29% 100.00% 2.03%
58.37 0% 89.73, 568.64, 278.79 346.10, 932.69 Category name for bad debt provision based on combination: Commercial acceptance bill for bad debt provision based on expected credit losses based on aging characteristics
Unit: Yuan ending balance
Name
Book balance Bad debt provision Provision ratio
Within 1 year 160,413,556.96 6,977,989.73 4.35% Total 160,413,556.96 6,977,989.73
If bad debt provisions for notes receivable are 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
Bad debt provision for notes receivable 13,897,346.10 -6,919,356.37 6,977,989.73 Total 13,897,346.10 -6,919,356.37 6,977,989.73 Among them, the amount of bad debt provision recovered or reversed in the current period is important:
□Applicable Not applicable
(4) 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 151,374,376.47
Total 151,374,376.47
(5) Notes receivable actually written off in the current period
The Group had no actual written-off notes receivable during the reporting period.
- 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) 4,284,229,347.44 3,504,504,253.77 1 to 2 years 151,054,927.14 158,250,777.97
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
2 to 3 years 14,870,158.61 4,786,126.97 More than 3 years 1,212,614.16 1,728,091.39 3 to 4 years 200,000.00 205,727.86 4 to 5 years 276,866.41 1,491,479.03
More than 5 years 735,747.75 30,884.50 Total 4,451,367,047.35 3,669,269,250.10
(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
Provision Provision Book value amount Proportion Amount Value Amount Proportion Amount
Proportion Proportion
Among them:
4,245,1 3,669,2
Provision for bad debts by group 4,451,36 100.0 206,264, 4.63 100.0 170,842, 3,498,42
02,797. 69,250. 4.66%
Accounts receivable 7,047.35 0% 249.75 % 0% 256.84 6,993.26
60 10
Among them:
Based on aging characteristics
4,245,1 3,669,2
Based expected credit loss group 4,451,36 100.0 206,264, 4.63 100.0 170,842, 3,498,42
02,797. 69,250. 4.66%
Total provision for bad debts should be made 7,047.35 0% 249.75 % 0% 256.84 6,993.26
60 10
Collect accounts
4,245,1 3,669,2
4,451,36 100.0 206,264, 4.63 100.0 170,842, 3,498,42Total 02,797. 69,250. 4.66%
7,047.35 0% 249.75 % 0% 256.84 6,993.26
60 10
Category name for provision of bad debt provisions based on combinations: Accounts receivable for which provision for bad debts is provided based on expected credit loss combinations based on aging characteristics
Unit: Yuan ending balance
Name
Book balance Bad debt provision Provision ratio
Within 1 year 4,284,229,347.44 186,363,976.51 4.35% 1-2 years 151,054,927.14 15,105,492.71 10.00% 2-3 years 14,870,158.61 3,717,539.65 25.00% 3-4 years 200,000.00 120,000.00 60.00% 4-5 years 276,866.41 221,493.13 80.00% More than 5 years 735,747.75 735,747.75 100.00% Total 4,451,367,047.35 206,264,249.75
If bad debt provisions for accounts receivable are 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
Category Opening balance Amount of changes in the current period Closing balance
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Provision Recovery or transfer Write-off Others
Bad debt provision for accounts receivable 170,842,256.84 35,421,992.91 206,264,249.75 Total 170,842,256.84 35,421,992.91 206,264,249.75 (4) Accounts receivable actually written off in the current period
The Group had no accounts receivable actually written off during the reporting period.
(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-contract assets end of period accounts receivable and contract assets
Unit name Closing balance of accounts receivable Closing balance of same assets Provisions and contract assets minus balance Closing balance
Proportion of total value preparation closing balance Customer one 336,755,353.21 336,755,353.21 7.57% 14,648,857.86 Customer two 246,551,755.44 246,551,755.44 5.54% 10,811,419.08 Customer three 212,080,559.12 212,080,559.12 4.76% 9,225,504.32Customer four 200,756,111.41 200,756,111.41 4.51% 8,732,890.85Customer five 98,963,058.46 98,963,058.46 2.22% 4,304,893.04 Total 1,095,106,837.64 1,095,106,837.64 24.60% 47,723,565.15
- Accounts receivable financing
(1) Classified presentation of financing receivables
Unit: Yuan
Item Ending balance Beginning balance
Notes receivable - bank acceptance bills 300,851,983.61 390,665,844.23 Total 300,851,983.61 390,665,844.23 (2) Financing of accounts receivable actually written off in the current period
The Group had no receivable financing actually written off during the reporting period.
(3) Other instructions
Note 1: The Group's end-of-period receivable financing is all bank acceptance bills with higher credit ratings. The Group believes that the bank acceptance bills held do not pose significant credit risks, so no credit impairment provisions have been made.
Note 2: The financing of receivables at the end of the period is all bank acceptance bills, the maturity dates of relevant bills are all within one year, and the difference between book value and fair value is small.
- Other receivables
Unit: Yuan
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Item Ending balance Beginning balance
Other receivables 53,091,918.63 57,856,790.17 Total 53,091,918.63 57,856,790.17
(1) Other receivables
- 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
Receivable tax offsets and refunds 11,445,720.93 34,092,217.98 Withholding and payment of insurance provident fund 30,261,956.78 19,352,415.12 Unit current accounts 11,079,690.57 8,120,662.97 Employee business loans 1,394,826.93 1,185,156.80 Others 2,453,599.32 2,745,436.99 Total 56,635,794.53 65,495,889.86
- 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) 52,072,804.72 37,189,655.59 1 to 2 years 2,225,836.26 13,138,382.78 2 to 3 years 1,234,500.82 14,580,576.59 More than 3 years 1,102,652.73 587,274.90 3 to 4 years 568,379.25 105,460.00 4 to 5 years 46,450.00 233,667.90
More than 5 years 487,823.48 248,147.00 Total 56,635,794.53 65,495,889.86
- 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
Provision Provision Book value amount Proportion Amount Value Amount Proportion Amount
Proportion Proportion
Among them:
Provision for bad debts by combination 56,635,7 100.0 3,543,8 53,091, 65,495, 100.0 7,639,0 11.66 57,856,7
6.26%
Prepare 94.53 0% 75.90 918.63 889.86 0% 99.69 % 90.17
Among them:
According to aging characteristics
based on the expectations letter
56,635,7 100.0 3,543,8 53,091, 65,495, 100.0 7,639,0 11.66 57,856,7 Provision for loss combination 6.26%
94.53 0% 75.90 918.63 889.86 0% 99.69 % 90.17 Other provisions for bad debts
Accounts receivable
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
56,635,7 100.0 3,543,8 53,091, 65,495, 100.0 7,639,0 11.66 57,856,7Total 6.26%
94.53 0% 75.90 918.63 889.86 0% 99.69 % 90.17 Category name of bad debt provision based on combination: Other receivables with bad debt provision based on expected credit loss combination based on aging characteristics
Unit: Yuan ending balance
Name
Book balance Bad debt provision Provision ratio
Within 1 year 52,072,804.72 2,082,912.14 4.00% 1-2 years 2,225,836.26 333,875.44 15.00% 2-3 years 1,234,500.82 308,625.21 25.00% 3-4 years 568,379.25 284,189.63 50.00% 4-5 years 46,450.00 46,450.00 100.00% More than 5 years 487,823.48 487,823.48 100.00% Total 56,635,794.53 3,543,875.90
Provision for bad debts is made 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 on January 1, 2026 7,639,099.69 7,639,099.69 Balance on January 1, 2026
In this issue
Provision for the current period -4,095,223.79 -4,095,223.79 Remainder of June 30, 2026
3,543,875.90 3,543,875.90 amount
Changes in book balances with significant changes in loss provision during the period
□Applicable Not applicable
- 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 or write-off Others
Other receivables are bad
7,639,099.69 -4,095,223.79 3,543,875.90 Account provision
Total 7,639,099.69 -4,095,223.79 3,543,875.90
The Group has no significant recovery or reversal of bad debt provisions during the current period.
- Other receivables actually written off in the current period
The Group had no other receivables actually written off during the reporting period.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Other receivables with the top five closing balances based on debtors
Unit: Yuan as a percentage of other receivables at the end of the period. Bad debt provision at the end of the period. Unit name. Nature of the payment. Ending balance. Aging.
Proportion of total amount Amount
Unit 1 Tax receivable and refundable 10,194,933.94 Within 1 year 18.00% 407,797.36 Unit 2 Security deposit and deposit 2,606,316.84 0-2 years 4.60% 188,296.63 Unit 3 Security deposit and deposit 1,800,740.00 Within 1 year 3.18% 72,029.60 Unit 4 Tax refunds receivable 1,250,786.99 Within 1 year 2.21% 50,031.48 Unit 5 Security deposit and deposit 891,801.02 Within 1 year 1.57% 35,672.04 Total 16,744,578.79 29.56% 753,827.11
- Presented in other receivables due to centralized management of funds
During the reporting period, the Group did not have any funds listed in other receivables due to centralized management of funds.
- Prepayment
(1) Prepayments are listed based on aging
Unit: Yuan Ending balance Beginning balance
Aging
Amount Ratio Amount Ratio
Within 1 year 151,945,830.24 92.45% 154,752,705.50 92.12% 1 to 2 years 11,503,140.55 7.00% 13,233,860.98 7.88% 2 to 3 years 899,653.98 0.55%
Total 164,348,624.77 167,986,566.48
Explanation on the reasons why prepayments with significant amounts aged over one year were not settled in a timely manner: The Group had no prepayments with significant amounts aged over one year at the end of the period.
(2) Prepayments with the top five ending balances by prepayment objects
The total amount of the top five prepayments at the end of the period collected by prepayment objects in this period is 69,055,793.12 yuan, accounting for 42.02% of the total end of prepayment balance.
- 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
Raw materials 766,028,846.22 2,190,178.00 763,838,668.22 615,764,277.92 2,619,677.75 613,144,600.17
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Work in progress 1,207,334,458.35 1,207,334,458.35 1,051,499,053.92 1,051,499,053.92 Goods in stock 341,080,015.76 1,033,298.88 340,046,716.88 335,396,436.44 1,033,298.88 334,363,137.56 Turnover materials 123,509,252.00 123,509,252.00 104,104,686.82 104,104,686.82 Issued goods 708,364,787.55 7,387,117.66 700,977,669.89 597,178,028.04 7,387,117.66 589,790,910.38Total 3,146,317,359.88 10,610,594.54 3,135,706,765.34 2,703,942,483.14 11,040,094.29 2,692,902,388.85
(2) 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 2,619,677.75 429,499.75 2,190,178.00 Goods in stock 1,033,298.88 1,033,298.88 Goods shipped 7,387,117.66 7,387,117.66 Total 11,040,094.29 429,499.75 10,610,594.54
- Other current assets
Unit: Yuan
Item Ending balance Beginning balance
Entrusted loan 435,764,268.87 445,865,697.06 Tax amount to be deducted 109,539,777.28 101,250,784.87 Bank certificate of deposit 15,111,772.55 20,621,581.55 Others 606,945.43 636,739.21Total 561,022,764.13 568,374,802.69Other instructions:
According to the 15th meeting of the sixth session of the Board of Directors of the Company on August 14, 2025, and the 17th meeting of the sixth session of the Board of Directors on September 24, 2025, the Company used its temporarily idle self-owned funds to provide a total of no more than 250 million yuan to Gaomi Kaixin Water Conservancy Construction Engineering Co., Ltd. through an entrusted bank, and to provide a total of no more than 200 million yuan to Gaomi City Yushun Construction Investment Co., Ltd. The loan maturity dates are August 5, 2026 respectively. On September 15, 2026, the annual interest rates of the loans are 8.30% and 6.30%, and the interest is settled monthly. Gaomi Huarong Industrial Development Co., Ltd. provided joint liability guarantees for the above two entrusted loans. The Company issued entrusted loans of RMB 250 million and RMB 200 million to Gaomi Gaoxing Water Conservancy Construction Engineering Co., Ltd. and Gaomi Yushun Construction Investment Co., Ltd. on August 14, 2025 and September 25, 2025, respectively, through Qilu Bank Co., Ltd. Weifang Gaomi Branch and Linshang Bank Co., Ltd. Weifang Gaomi Branch. As of June 30, 2026, Gaomi Yushun Construction Investment Co., Ltd. has repaid the principal of 15 million yuan.
- Long-term equity investment
Unit: Beginning of the Yuan period Increase or decrease in the current period
Impairment ending balance
The balance is recovered and declared to be impaired.
Preparation Other comprehensive provisions recognized under the equity method (account
Invested unit (account addition, decrease, cash release, investment loss and combination income recognized at the end of the provision period and the beginning of the provision period, equity impairment, par value
face price investment dividend or other balance balance (gain adjustment change reserve value)
value) capital profit
1. Joint ventures
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
2. Joint ventures
Jinan Haomai Power
105,9 20,79 27,687
Equity investment funds 14,613, 98,236,
59,11 1,800 -4,533.48 ,604.1
Partnership (Has 576.00 813.46
8.82 .00 2
limited partnership)
1,315
Shandong Mairui Precision 1,659,2
,511.343,710.89
Machinery Co., Ltd. 22.31 Shandong Quality New High-end
300,0 299,997 CNC Machine Tools Co., Ltd. -2.35
00.00 .65 company
107,5 20,79 27,687
14,613, 100,196 Subtotal 74,63 1,800 339,175.06,604.1
576.00 ,033.42 0.24 .00 2
107,5 20,79 27,687
14,613, 100,196Total 74,63 1,800 339,175.06,604.1
576.00,033.42
0.24 .00 2
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
Other explanations: There are no signs of impairment for the above-mentioned companies, so no provision for impairment of long-term equity investments has been made.
- Investment real estate
(1) Investment real estate using cost measurement model
Applicable □Not applicable
Unit: Yuan
Projects Houses and buildings Land use rights Construction in progress Total
1. Original book value
- Opening balance 75,252,380.79 19,976,857.46 95,229,238.25 2. Increase in the current period 16,662,721.69 -597,950.14 16,064,771.55 (1) Outsourcing
(2) Transfer of inventories\fixed assets\projects under construction 17,600,351.72 17,600,351.72 (3) Increase in business merger
(4) Exchange difference -937,630.03 -597,950.14 -1,535,580.17 3. Decrease amount in the current period 1,004,737.91 1,458,637.93 2,463,375.84 (1) Disposal
(2) Other transfer-out
(3) Converted to fixed assets\intangible assets 1,004,737.91 1,458,637.93 2,463,375.84 4. Closing balance 90,910,364.57 17,920,269.39 108,830,633.96
2. Accumulated depreciation and accumulated amortization
- Opening balance 22,008,226.81 2,052,686.19 24,060,913.00 2. Increase in current period 8,795,790.33 470,899.29 9,266,689.62 (1) Provision or amortization 4,363,641.47 470,899.29 4,834,540.76 (2) Transfer of fixed assets\projects under construction\intangible assets 4,837,410.32 4,837,410.32 (3) Exchange difference -405,261.46 -405,261.46
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Reduction amount in the current period 3,518,780.99 388,141.45 3,906,922.44 (1) Disposal
(2) Other transfer-out
(3) Converted to fixed assets\intangible assets 3,518,780.99 388,141.45 3,906,922.44 4. Closing balance 27,285,236.15 2,135,444.03 29,420,680.18
3. Impairment provision
Opening balance
Increase amount in this period
(1) Provision
- Reduction amount in this period
(1) Disposal
(2) Other transfer-out
- Ending balance
4. Book value
- Book value at the end of the period 63,625,128.42 15,784,825.36 79,409,953.78 2. Book value at the beginning of the period 53,244,153.98 17,924,171.27 71,168,325.25 The recoverable amount is determined based on the net amount of 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
(2) Investment real estate that has not completed the ownership certificate
Unit: Yuan
Item Book value Reasons for not completing the property rights certificate
Haomai Technology Zone B new office building (south office building) 242,412.07 is in process
Haomai Community Building 6# 322,402.50 is in process
No. 1 workshop and office building in Zone D of the Second Industrial Park 2,048,226.11 is in process
Comprehensive office building in Zone E of the First Industrial Park 133,624.23 is in process
Fifth Industrial Park Casting Phase II 7,040,936.88 In progress
Haomai Machine Tool Fifth Industrial Park 2,907,140.87 is in process
- Fixed assets
Unit: Yuan
Item Ending balance Beginning balance
Fixed assets 3,470,180,925.70 3,072,173,780.98 Total 3,470,180,925.70 3,072,173,780.98
(1) Fixed assets
Unit: Yuan
Items Houses and buildings Special equipment Transportation vehicles Office equipment Total
1. Original book value:
- Opening balance 1,334,781,166.97 4,028,257,793.60 22,427,199.69 126,375,623.56 5,511,841,783.82
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Increase in the current period 125,814,639.33 446,901,336.02 3,969,040.06 33,825,877.44 610,510,892.85 (1) Purchase 42,022,112.55 184,383,153.61 4,375,857.15 35,079,900.51 265,861,023.82 (2) Transfer of construction in progress 92,447,585.64 100,744,626.71 193,192,212.35 (3) Increase in business mergers
(4) Self-made transfers from enterprises 197,886,313.38 197,886,313.38 (5) Investment real estate
1,004,737.91 1,004,737.91 transferred in
(6) Exchange difference -9,659,796.77 -36,112,757.68 -406,817.09 -1,254,023.07 -47,433,394.61 3. Decrease amount in the current period 19,928,989.16 12,563,734.05 811,562.57 2,202,325.13 35,506,610.91 (1) Disposal or scrapping 2,328,637.44 12,563,734.05 811,562.57 2,202,325.13 17,906,259.19 (2) Conversion to investment housing
17,600,351.72 17,600,351.72Real estate
- Closing balance 1,440,666,817.14 4,462,595,395.57 25,584,677.18 157,999,175.87 6,086,846,065.76
2. Accumulated depreciation
- Opening balance 410,274,058.59 1,951,927,368.89 11,687,573.20 64,771,236.28 2,438,660,236.96 2. Increase in the current period 34,530,915.93 151,445,737.50 1,058,252.52 7,085,704.71 194,120,610.66 (1) Provision 32,714,021.73 163,577,227.97 1,341,748.47 8,023,599.66 205,656,597.83 (2) Investment real estate
3,518,780.99 3,518,780.99 transferred in
(3) Exchange difference -1,701,886.79 -12,131,490.47 -283,495.95 -937,894.95 -15,054,768.16 3. Decrease amount in this period 6,952,839.61 6,491,037.57 653,357.33 2,066,986.70 16,164,221.21 (1) Disposal or scrapping 2,115,429.29 6,491,037.57 653,357.33 2,066,986.70 11,326,810.89 (2) Convert to investment housing
4,837,410.32 4,837,410.32 Real estate
- Closing balance 437,852,134.91 2,096,882,068.82 12,092,468.39 69,789,954.29 2,616,616,626.41
3. Impairment provision
- Opening balance 959,252.23 48,513.65 1,007,765.88 2. Increase in the current period
(1) Provision
- Reduction amount in the current period 959,252.23 959,252.23 (1) Disposal or scrapping 959,252.23 959,252.23 4. Ending balance 48,513.65 48,513.65
4. Book value
- Book value at the end of the period 1,002,814,682.23 2,365,664,813.10 13,492,208.79 88,209,221.58 3,470,180,925.70 2. Book value at the beginning of the period 923,547,856.15 2,076,281,911.06 10,739,626.49 61,604,387.28 3,072,173,780.98
(2) Temporarily idle fixed assets
Unit: Yuan Item Original book value Accumulated depreciation Impairment provision Book value Remarks
Machinery and equipment 39,594.70 13,216.97 24,579.90 1,797.83 Machinery and equipment
Total 39,594.70 13,216.97 24,579.90 1,797.83
(3) Fixed assets leased through operating leases
Unit: Yuan
Item Closing book value
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Machinery and equipment 7,815,943.31 Transportation equipment 463,691.81 Office equipment 142,734.70 Total 8,422,369.82
(4) Fixed assets whose property rights certificates have not been obtained
Unit: Yuan
Item Book value Reasons for not completing the property rights certificate
Haomai Technology Zone A 11# Workshop 141,643.19 is in process
Haomai Community Building 7# 3,613,701.07 is in process
Haomai Community Building 8# 3,799,596.11 is in process
Haomai Community Building 9# 4,834,088.08 is in process
Building 10, Haomai Community 5,064,064.15 is in process
Haomai Technology Zone B new office building (south office building) 12,307,074.76 is in process
Workshop No. 5, Area B of Haomai Technology (formerly B8) 9,320,672.43 is in process
Workshop No. 5, Zone E, First Industrial Park 17,552,390.50 In process
Haomai Community Building 6# 2,352,299.08 is in process
Comprehensive office building in Zone E of the First Industrial Park 8,652,164.38 is in process
Workshop and office building No. 1, Zone D, Second Industrial Park 27,317,019.91 is in process
Fifth Industrial Park Casting Phase II 21,502,945.33 is in progress
Haomai Machine Tool Fifth Industrial Park 96,586,884.66 is in process
- Projects under construction
Unit: Yuan
Item Ending balance Beginning balance
Construction in progress 558,808,472.00 500,012,287.55
Total 558,808,472.00 500,012,287.55
(1) Projects under construction
Unit: Yuan
Ending balance Beginning balance
Project
Book balance Impairment provision Book value Book balance Impairment provision Book value in installed equipment 292,977,672.99 292,977,672.99 257,028,275.56 257,028,275.56 Haomai Technology Zone A-Room
486,725.66 486,725.66 2,816,505.56 2,816,505.56 buildings
Haomai Technology Fifth Engineering
2,109,601.97 2,109,601.97 17,099,487.11 17,099,487.11Business Park-Buildings
Haomai Machine Tool Industrial Park D
100,350,563.77 100,350,563.77 90,015,410.24 90,015,410.24 District - Houses and Buildings
Haomai Machine Tool Fifth Worker
1,332,545.80 1,332,545.80 57,202,585.40 57,202,585.40Business Park-Buildings
Rizhao Haomai Technology Room
45,439,058.36 45,439,058.36 8,464,402.16 8,464,402.16 buildings
Haomai Thailand House Construction
48,134,335.12 48,134,335.12 46,282,816.79 46,282,816.79Buildings
Luxurious Mexican Houses
33,998,958.43 33,998,958.43 21,102,804.73 21,102,804.73Buildings
Haomai mold house construction
33,626,239.33 33,626,239.33
building
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Cambodian luxury houses
352,770.57 352,770.57
buildings
Total 558,808,472.00 558,808,472.00 500,012,287.55 500,012,287.55
(2) Changes in important projects under construction during the current period
Unit: Yuan Current Period Transfer Current Period Project Accumulation Among them: Current Period Capital Period Interest Capital
Budget, fixed income at the beginning of the period, other planned inputs, project progress, interest for the period, name of the fund item, increase, ending balance, capital accumulation
Number Balance Decrease in assets as a percentage of budgeted amount Interest capital Capital amount Calculated amount
Amount Amount Proportional Amount Ratio Source: Haomai Machine Tools 177,9 90,01 10,33
100,350,5 Zone D of Ziye Park- 10,00 5,410 5,153 56.41% 80.00%
63.77 Raising houses and buildings 0.00 .24 .53
350,0 13,74 266,9
Haomai Thailand - 168,588 112,072,2 since
00,00 7,967 13,18 96.10% 70.00%
Equipment under construction, 879.32 69.40 Raised 0.00 .06 1.66
527,9 103,7 277,2
168,588 212,422,8
Total 10,00 63,37 48,33
,879.32 33.17
0.00 7.30 5.19
(3) Provision for impairment of projects under construction in the current period
There is no sign of impairment for the above-mentioned projects under construction, so no impairment provision has been made.
(4) Impairment testing of projects under construction
□Applicable Not applicable
- Right-of-use assets
(1) Right-of-use assets
Unit: Yuan
Project Houses and Buildings Total
1. Original book value
- Opening balance 32,772,308.77 32,772,308.77 2. Increase in the current period 8,441,109.60 8,441,109.60 (1) Rental 9,430,807.61 9,430,807.61 (2) Exchange difference -989,698.01 -989,698.01 3. Reduction amount in the current period 8,098,291.55 8,098,291.55 (1) Disposal 8,098,291.55 8,098,291.55 4. Ending balance 33,115,126.82 33,115,126.82
2. Accumulated depreciation
- Opening balance 16,430,972.70 16,430,972.70 2. Increase in the current period 5,212,836.62 5,212,836.62 (1) Provision 5,212,836.62 5,212,836.62 3. Decrease in the current period 8,090,261.20 8,090,261.20 (1) Disposal 8,090,261.20 8,090,261.20
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Ending balance 13,553,548.12 13,553,548.12
3. Impairment provision
Opening balance
Increase amount in this period
(1) Provision
- Reduction amount in this period
(1) Disposal
- Ending balance
4. Book value
Book value at the end of the period 19,561,578.70 19,561,578.70 2. Book value at the beginning of the period 16,341,336.07 16,341,336.07
Intangible assets
(1) Intangible assets
Unit: Yuan
Project Land use rights Patent rights Non-patented technology Software Total
1. Original book value
- Opening balance 649,192,400.93 13,034,369.94 118,559,838.23 780,786,609.10 2. Increase in the current period 106,925,856.51 29,103,152.28 136,029,008.79 (1) Purchase 110,722,855.95 29,302,985.99 140,025,841.94 (2) Internal research and development
(3) Increase in business mergers
(4) Transfer of investment real estate 1,458,637.93 1,458,637.93 (5) Exchange difference -5,255,637.37 -199,833.71 -5,455,471.08 3. Reduction amount in the current period 5,566,668.68 5,566,668.68 (1) Disposal 5,566,668.68 5,566,668.68 4. Ending balance 750,551,588.76 13,034,369.94 147,662,990.51 911,248,949.21
2. Accumulated amortization
- Opening balance 83,600,617.66 2,781,245.11 42,162,107.29 128,543,970.06 2. Increase in the current period 7,607,926.19 648,467.41 9,193,859.07 17,450,252.67 (1) Provision 7,219,784.74 648,467.41 9,193,859.07 17,062,111.22 (2) Transfer of investment real estate 388,141.45 388,141.45 3. Decrease amount in the current period 1,675,867.39 1,675,867.39 (1) Disposal 1,675,867.39 1,675,867.39 4. Closing balance 89,532,676.46 3,429,712.52 51,355,966.36 144,318,355.34
3. Impairment provision
Opening balance
Increase amount in this period
(1) Provision
- Reduction amount in this period
(1) Disposal
- Ending balance
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
4. Book value
- Book value at the end of the period 661,018,912.30 9,604,657.42 96,307,024.15 766,930,593.87 2. Book value at the beginning of the period 565,591,783.27 10,253,124.83 76,397,730.94 652,242,639.04 Intangible assets formed through the company’s internal research and development at the end of the period accounted for 1.09% of the balance of intangible assets
(2) Land use rights for which property rights certificates have not been obtained
At the end of the period, the Group had no land use rights for which the title certificate had not been obtained.
- 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
Global Manufacturing Services, Inc. 7,111,799.36 7,111,799.36 Total 7,111,799.36 7,111,799.36
(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
Global Manufacturing Services, Inc. 7,111,799.36 7,111,799.36 Total 7,111,799.36 7,111,799.36
(3) Relevant information about the asset group or asset group combination where the goodwill is located
The Company will acquire the equity of Global Manufacturing Services, Inc. (hereinafter referred to as GMS) due to a business combination not under the same control, and the difference between the acquisition price and the fair value of the identifiable net assets of GMS on the acquisition date will be recognized as goodwill. Because GMS is an independent company and can independently undertake business and generate cash flow, the company identifies all assets of GMS as an asset group.
As the operating performance of GMS after the acquisition did not meet expectations, the company had made full provision for impairment of goodwill as of December 31, 2018.
- 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 215,160,536.86 32,445,597.58 188,845,638.93 28,412,262.99 Unrealized profits from internal transactions 561,496,195.01 92,439,927.63 244,794,194.20 41,961,577.37 Deductible losses 45,441,088.16 9,646,968.21 137,122,837.54 21,037,895.27 Share-based payment 57,969,287.92 8,895,663.15 62,352,219.81 9,529,656.88
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Lease liabilities 6,352,944.16 1,512,634.35 3,427,777.67 818,498.71 Estimated liabilities 99,626,800.68 14,086,408.66 88,184,322.00 13,221,272.14 Deferred income 90,058,194.26 21,074,947.02 62,442,601.99 13,354,179.63Total 1,076,105,047.05 180,102,146.60 787,169,592.14 128,335,342.99
(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 Accelerated depreciation of fixed assets 1,720,305,781.53 259,168,457.94 1,514,689,067.38 228,423,485.41 Provision for interest receivable 43,782,374.91 6,567,356.24 36,259,071.09 5,438,860.66Right-of-use assets 8,337,989.27 1,953,427.77 4,977,795.98 1,136,620.01Total 1,772,426,145.71 267,689,241.95 1,555,925,934.45 234,998,966.08
(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 Offsetting amount at the beginning of the debt period Deferred income tax assets 100,893,333.97 79,208,812.63 84,654,259.28 43,681,083.71 Deferred income tax liabilities 100,893,333.97 166,795,907.98 84,654,259.28 150,344,706.80
(4) Details of deferred income tax assets not recognized
Unit: Yuan
Item Ending balance Beginning balance
Deductible temporary differences 173,570,307.03 158,632,508.71 Deductible losses 47,588,461.68 56,232,753.60 Total 221,158,768.71 214,865,262.31
(5) Deductible losses that have not been recognized as deferred income tax assets will expire in the following years
Unit: Yuan
Year Ending amount Beginning amount Remarks
2026 173,895.33 206,898.12
2027 1,112,123.88 1,250,394.58
2028 3,526,881.14 3,526,951.61
2029 38,826,204.17 47,355,390.80
2030 3,811,241.23 3,893,118.49
2031 138,115.93
Total 47,588,461.68 56,232,753.60
Other notes:
As of June 30, 2026, the Group was unable to predict whether some subsidiaries would generate sufficient taxable income to offset deductible losses in the future. Based on the principle of prudence, deferred income tax assets were not recognized for the deductible temporary differences and deductible losses of these subsidiaries.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Other non-current assets
Unit: Yuan Ending balance Beginning balance
Project
Book balance Impairment provision Book value Book balance Impairment provision Book value Certificate of deposit 128,366,488.87 128,366,488.87 102,606,666.66 102,606,666.66 Prepaid land, equipment, etc.
340,093,222.55 340,093,222.55 221,096,527.11 221,096,527.11 Purchase of long-term assets
Total 468,459,711.42 468,459,711.42 323,703,193.77 323,703,193.77
Other notes:
Large prepayment for long-term asset acquisition at the end of the period
Accounting for other non-current assets
Unit name Relationship with the Group Amount Aging Reason for non-settlement
Proportion of total items (%)
Supplier One Government Department 80,623,442.40 17.21 Within 1 year Prepaid land payment Supplier Two Government Department 52,100,000.00 11.12 Within 1 year Prepaid land payment Supplier Three Supplier 38,760,000.00 8.27 Within 1 year Equipment not delivered to Supplier Four Supplier 13,494,257.10 2.88 Within 1 year, equipment not delivered to supplier 5 Supplier 12,896,000.00 2.75 Within 1 year, total equipment not delivered 197,873,699.50 42.23
- 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
10,243,87 10,243,87 32,748,72 32,748,72
Monetary funds Margin Yes Margin Yes
1.75 1.75 7.10 7.10
10,243,87 10,243,87 32,748,72 32,748,72
total
1.75 1.75 7.10 7.10
- Short-term borrowing
(1) Classification of short-term loans
Unit: Yuan
Item Ending balance Beginning balance
Guaranteed loans 70,841,858.05 70,043,555.56 Bill discount 140,130,000.00 Total 70,841,858.05 210,173,555.56
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd. (2) Overdue short-term borrowings that have not been repaid
The Group had no overdue short-term borrowings at the end of the period.
- Accounts payable
(1) Presentation of accounts payable
Unit: Yuan
Item Ending balance Beginning balance
Suppliers' accounts 1,157,604,641.25 881,050,963.97 Total 1,157,604,641.25 881,050,963.97 (2) Important accounts payable that are aged more than 1 year or are overdue
The Group has no important accounts payable that are aged more than one year or are overdue during the current period.
- Other payables
Unit: Yuan
Item Ending balance Beginning balance
Other payables 68,403,399.48 67,429,946.40 Total 68,403,399.48 67,429,946.40 (1) Other payables
- List other payables according to the nature of the payment
Unit: Yuan
Item Ending balance Beginning balance
Employee stock holdings 59,807,160.00 60,279,600.00 Collection and payment and current accounts 8,596,239.48 7,150,346.40 Total 68,403,399.48 67,429,946.40 2) Important other payables aged more than 1 year or overdue
The Group has no important other payables aged more than one year or overdue during the current period.
- Contract liabilities
Unit: Yuan
Item Ending balance Beginning balance
Payment for goods 481,295,972.87 334,904,577.80 Total 481,295,972.87 334,904,577.80 Important contract liabilities aged more than 1 year: None.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Payable to employees’ salaries
(1) Presentation of employee benefits payable
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance
Short-term compensation 701,737,466.81 1,511,440,356.76 1,533,043,001.93 680,134,821.64
Post-employment benefits - defined contribution plan 303,197.03 153,668,443.06 153,968,463.25 3,176.84
Dismissal benefits 818,142.84 220,092.71 1,038,235.55 Total 702,858,806.68 1,665,328,892.53 1,687,011,465.18 681,176,234.03
(2) Presentation of short-term remuneration
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance
Salaries, bonuses, allowances and subsidies 323,466,190.57 1,318,285,223.43 1,379,384,262.95 262,367,151.05
Employee welfare fees 243,945.64 16,641,190.77 15,645,133.26 1,240,003.15
Social insurance premiums 1,070,298.35 85,536,475.22 85,028,749.74 1,578,023.83 Including: medical insurance premiums 1,062,765.12 78,768,055.17 78,263,695.15 1,567,125.14
Work injury insurance premium 7,533.23 6,768,420.05 6,765,054.59 10,898.69
Housing provident fund 487,132.42 49,510,328.96 49,524,410.42 473,050.96
Trade union funds and employee education funds 376,469,899.83 41,467,138.38 3,460,445.56 414,476,592.65 Total 701,737,466.81 1,511,440,356.76 1,533,043,001.93 680,134,821.64
(3) Display of defined contribution plan
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance
Basic pension insurance 296,028.04 147,224,419.21 147,526,551.90 -6,104.65
Unemployment insurance premium 7,168.99 6,444,023.85 6,441,911.35 9,281.49Total 303,197.03 153,668,443.06 153,968,463.25 3,176.84
Taxes payable
Unit: Yuan
Item Ending balance Beginning balance
Value-added tax 21,187,656.04 25,498,313.03Corporate income tax 84,884,024.28 81,462,942.50Personal income tax 4,817,077.51 6,650,555.85Urban maintenance and construction tax 9,027,368.82 7,326,129.43 Real estate tax 3,291,932.91 2,579,268.65 Land use tax 3,426,841.70 1,733,046.36 Education surcharge 3,869,567.72 3,140,518.96 Local education surcharge 2,579,711.81 2,093,679.32 Others 2,790,856.33 2,605,100.43
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total 135,875,037.12 133,089,554.53
- Non-current liabilities due within one year
Unit: Yuan
Item Ending balance Beginning balance
Lease liabilities due within one year 7,583,091.76 5,937,366.52 Total 7,583,091.76 5,937,366.52
- Other current liabilities
Unit: Yuan
Item Ending balance Beginning balance
Value-added tax collected in advance 27,002,810.33 21,334,464.21 Total 27,002,810.33 21,334,464.21
- Lease liabilities
Unit: Yuan
Item Ending balance Beginning balance
Lease payments 18,405,812.70 15,874,699.26 Unrecognized financing costs -688,275.92 -864,016.27 Lease liabilities due within one year -7,583,091.76 -5,937,366.52 Total 10,134,445.02 9,073,316.47
- Estimated liabilities
Unit: Yuan
Item Ending balance Beginning balance Reason for formation
Product quality assurance 94,878,297.90 88,184,322.00 See note
Total 94,878,297.90 88,184,322.00
Other explanations, including important assumptions and estimation instructions related to important estimated liabilities:
Note: Based on the usage status of the products sold in previous years and the warranty terms stipulated in the contract, and combined with the actual amount of after-sales maintenance fees incurred by the Group, the Group reasonably estimates the accrual ratio of the product quality deposit, and accrues according to this ratio.
- Deferred income
Unit: Yuan
Item Beginning balance Increase in the current period Decrease in the current period Ending balance Reasons for formation Government subsidies 126,318,269.14 63,243,555.65 23,333,101.97 166,228,722.82 Government subsidies
Total 126,318,269.14 63,243,555.65 23,333,101.97 166,228,722.82
- Share capital
Unit: Yuan
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
This change increases or decreases (+, -)
Beginning balance Closing balance
Issuance of new shares Bonus shares Conversion of public reserve funds Others Subtotal
Total number of shares 800,000,000.00 360,000,000.00 360,000,000.00 1,160,000,000.00
- Capital reserve
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance
Capital premium (equity premium) 540,348,816.96 360,000,000.00 180,348,816.96 Other capital reserves 26,063,186.17 9,953,450.97 36,016,637.14 Total 566,412,003.13 9,953,450.97 360,000,000.00 216,365,454.10 Other explanations, including changes in increases and decreases in the current period and explanation of reasons for changes:
Due to the implementation of equity-settled share-based payment in this period, the corresponding capital reserve increased by 9,953,450.97 yuan (of which -2,571,807.59 yuan is related to the share-based payment, and the deferred income tax assets formed by the amount that is expected to be deducted in the future exceed the costs and expenses recognized during the waiting period, and should be included in the capital reserve). For details, please refer to the relevant content in the note "15. Share-based payment" of this report.
- Treasury stocks
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance
Share repurchase 77,484,379.00 77,484,379.00 Total 77,484,379.00 77,484,379.00
- Other comprehensive income
Unit: Yuan Amount incurred in the current period
Less: previous period Less: previous period
Income for the current period is included in other items and is included in others. Attribution after tax
Item Opening balance Less: Income Attribution after tax Closing balance before tax Comprehensive income Comprehensive income Attributable to minority shares
Tax expenses at the parent company
Amount transferred in the current period Transferred in in the current period
Profit and loss Retained earnings
1. Cannot be re-divided -
23,584,90 27,687,60 41,820,45 9,452,056 Others classified into profit and loss 14,132,85
8.69 4.12 6.44 .37Other comprehensive income 2.32
Under the equity method -
23,584,90 27,687,60 41,820,45 9,452,056 Cannot be transferred to profit or loss 14,132,85
8.69 4.12 6.44 .37Other comprehensive income 2.32
- Reclassification - - - -
8,690,658
Others entering profit and loss 37,296,58 37,041,65 254,924.8 28,350,99
.36
Comprehensive income 0.48 5.66 2 7.30 - - - - Foreign currency finance 8,690,658
37,296,58 37,041,65 254,924.8 28,350,99 Statement conversion difference .36
0.48 5.66 2 7.30
- -Other comprehensive income 32,275,56 41,820,45
9,608,976 51,174,50 254,924.8 18,898,94Total 7.05 6.44
.36 7.98 2 0.93
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Special reserves
Unit: Yuan
Item Beginning balance Increase in the current period Decrease in the current period Ending balance Safety production expenses 18,636,972.20 7,951,666.80 8,228,058.06 18,360,580.94 Total 18,636,972.20 7,951,666.80 8,228,058.06 18,360,580.94 Other explanations, including changes in increases and decreases in the current period and explanation of reasons for changes:
The special reserve is the safety production fee that the Group accrues and uses in accordance with the provisions of the Ministry of Finance and the State Administration of Work Safety's "Notice on Issuing the Management Measures for the Withdrawal and Use of Enterprise Safety Production Fees" (Caizi [2022] No. 136).
- Surplus reserve
Unit: Yuan
Item Opening balance Increase in the current period Decrease in the current period Ending balance Statutory surplus reserve 400,000,000.00 400,000,000.00 Total 400,000,000.00 400,000,000.00
- Undistributed profits
Unit: Yuan
Projects in this issue Previous issue
Undistributed profit at the end of the previous period before adjustment 10,286,830,712.30 8,154,281,575.14 Undistributed profit at the beginning of the period after adjustment 10,286,830,712.30 8,154,281,575.14 Add: Net profit attributable to owners of the parent company for the current period
1,133,633,584.68 1,196,828,824.50 profit
Common stock dividends payable 799,946,540.00
Add: previously included in other comprehensive income and transferred to the current period
41,820,456.44 17,211,345.59 Retained earnings
Undistributed profits at the end of the period 10,662,338,213.42 9,368,321,745.23 Adjustment of 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.
Due to changes in accounting policies, the undistributed profit at the beginning of the period was affected by RMB 0.00.
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.
- The total impact of other adjustments on the undistributed profit at the beginning of the period is RMB 0.00.
- Operating income and operating costs
Unit: Yuan Amount of current period Amount of previous period
Project
revenue cost revenue cost
Main business 5,885,196,085.34 4,035,728,499.27 5,190,989,567.84 3,431,256,183.87 Other businesses 131,064,640.55 32,107,476.18 74,125,548.28 18,202,695.36 Total 6,016,260,725.89 4,067,835,975.45 5,265,115,116.12 3,449,458,879.23 Decomposition information of operating income and operating costs:
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Unit: Yuan
Segment 1 Total
Contract classification
Operating income Operating cost Operating income Operating cost Business type 6,016,260,725.89 4,067,835,975.45 6,016,260,725.89 4,067,835,975.45 Of which:
Molds 3,144,645,738.95 1,997,241,530.96 3,144,645,738.95 1,997,241,530.96 Large parts and mechanical products 2,013,780,150.84 1,612,201,725.62 2,013,780,150.84 1,612,201,725.62 Others 857,834,836.10 458,392,718.87 857,834,836.10 458,392,718.87Classified by operating area 6,016,260,725.89 4,067,835,975.45 6,016,260,725.89 4,067,835,975.45
Among them:
Domestic sales 3,231,869,840.11 2,308,307,191.22 3,231,869,840.11 2,308,307,191.22Export sales 2,784,390,885.78 1,759,528,784.23 2,784,390,885.78 1,759,528,784.23 Classified by time of commodity transfer 6,016,260,725.89 4,067,835,975.45 6,016,260,725.89 4,067,835,975.45
Among them:
Transfer at a certain point in time 6,016,260,725.89 4,067,835,975.45 6,016,260,725.89 4,067,835,975.45Total 6,016,260,725.89 4,067,835,975.45 6,016,260,725.89 4,067,835,975.45Other instructions:
According to the stipulations in the contract, the Group fulfills its supply obligations in a timely manner according to the categories, standards and time required by customers. Payment terms vary from customer to customer and from product to product. Under normal circumstances, after the Group fulfills its supply obligations, the customer settles and pays according to the time limit stipulated in the contract; some customers adopt the method of prepaying an agreed proportion of payment after the contract is signed, and the Group pays the remaining payment after fulfilling its supply obligations.
- Taxes and surcharges
Unit: Yuan
Item Amount for the current period Amount for the previous period
Urban maintenance and construction tax 22,495,415.87 21,462,004.50 Education fee surcharge 16,073,947.46 15,334,676.21 Property tax 7,104,549.08 5,585,855.79 Land use tax 6,474,754.97 2,288,672.94 Stamp duty 4,332,424.13 3,039,321.49 Others 2,445,156.81 3,109,381.20 Total 58,926,248.32 50,819,912.13
- Management expenses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Employee compensation 98,228,514.93 80,063,577.55 Depreciation and amortization 17,867,498.37 19,279,026.41 Factory maintenance fee 5,792,204.14 10,025,923.89 Service fee 8,680,531.96 7,862,831.60Office expenses 3,962,852.92 3,145,098.29Car expenses 1,253,555.52 1,499,530.30Entertainment expenses 1,711,461.31 1,701,035.33Travel expenses 2,624,244.68 2,281,655.58 Share-based payment 1,821,541.75 179,912.98 Others 9,360,111.65 8,108,561.15
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total 151,302,517.23 134,147,153.08
- Sales expenses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Employee compensation 23,521,719.61 20,756,792.04 Commission 7,776,567.45 7,327,850.80 Business entertainment expenses 5,265,579.32 4,295,472.46 Travel expenses 2,338,001.86 2,576,858.51 Advertising expenses 3,168,499.44 3,732,304.49 Share-based payment 615,168.86 146,624.00 Others 4,097,858.67 4,238,726.89 Total 46,783,395.21 43,074,629.19
- Research and development expenses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Project one 6,841,188.71 3,767,748.92 Project two 6,017,349.05 291,693.76 Project three 5,456,301.81 2,758,841.26 Project four 5,358,359.39 7,823,684.01 Project five 5,294,908.85
Project six 5,211,278.47 2,984,318.05 Project seven 4,895,059.79 2,479,526.64 Project eight 4,673,233.22
Item nine 4,465,258.37 1,917,205.63 Item ten 4,442,434.27 1,692,846.36 Other total 295,466,059.22 261,265,804.68 Total 348,121,431.15 284,981,669.31
- Financial expenses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Interest expense 1,901,407.88 1,898,059.16 plus: interest income -6,392,176.15 -9,456,556.00 plus: handling fee 494,494.51 568,856.16 plus: exchange loss 102,261,533.07 -66,267,475.85 plus: other expenses 572,443.19 288,680.54 total 98,837,702.50 -72,968,435.99
- Other income
Unit: Yuan
Sources of other income Amount incurred in the current period Amount incurred in the previous period
Government subsidies 27,330,841.09 25,051,997.00
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Income 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
Forward foreign exchange settlement and sales 230,683.31
Total 230,683.31
- Investment income
Unit: Yuan
Item Amount for the current period Amount for the previous period
Long-term equity investment income calculated using the equity method 339,175.06 -1,160,648.90 Gains from other equity instrument investments during the holding period
47,016.65 dividend income
Investment income from forward foreign exchange settlement and sales -103,394.11
Investment income from financial products 2,876,214.64 3,280,229.00 Investment income from entrusted loans 15,492,465.91 17,715,801.81 Total 18,604,461.50 19,882,398.56
- Credit impairment losses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Bad debt losses on notes receivable 6,919,356.37 -3,101,005.77 Bad debt losses on accounts receivable -36,110,363.65 -21,520,695.83 Bad debt losses on other receivables 4,103,259.71 -1,272,768.45 Total -25,087,747.57 -25,894,470.05
- Asset impairment losses
Unit: Yuan
Item Amount for the current period Amount for the previous period
Inventory depreciation losses and contract performance cost impairment losses -5,004.43 Total -5,004.43
Income from asset disposal
Unit: Yuan
Source of asset disposal income Amount incurred in the current period Amount incurred in the previous period
Income from disposal of non-current assets 6,342,358.10 -8,605.50 Income from disposal of non-current assets not classified as held for sale 6,342,358.10 -8,605.50 Including: Income from disposal of fixed assets 518,086.43 -8,605.50 Income from disposal of right-of-use assets -8,030.35
Income from disposal of intangible assets 5,832,302.02
Total 6,342,358.10 -8,605.50
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Non-operating income
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 Others 1,648,772.90 3,562,462.50 1,648,772.90 Total 1,648,772.90 3,562,462.50 1,648,772.90
- 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 from damage and scrapping of non-current assets 1,737,880.74 1,205,744.63 1,737,880.74 Public welfare donation expenditure 736,218.79 607,848.60 736,218.79 Fines 2,873,282.75 4,550,710.90 2,873,282.75 Others 1,509,640.92 201,593.53 1,509,640.92Total 6,857,023.20 6,565,897.66 6,857,023.20
- 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 153,937,704.17 200,493,065.01 Deferred income tax expense -21,341,798.01 -5,575,239.09 Total 132,595,906.16 194,917,825.92
(2) Adjustment process of accounting profits and income tax expenses
Unit: Yuan
Item Amount incurred in this period
Total profit 1,266,665,802.16 Income tax expenses calculated according to statutory/applicable tax rates 189,999,870.32 The impact of different tax rates applicable to subsidiaries -4,187,781.88 The impact of adjusting income tax in previous periods 781,902.03 The impact of non-taxable income 6,119,645.10 The impact of non-deductible costs, expenses and losses 3,853,955.48 The impact of using deductible temporary differences or deductible losses of unrecognized deferred income tax assets in the previous period -2,598,258.61 The impact of deductible temporary differences or deductible losses of unrecognized deferred income tax assets in the current period 2,358,897.71 The income tax impact of the additional deduction for R&D expenditures and the additional amortization of intangible assets -63,800,235.38 Others 67,911.39 Income tax expense 132,595,906.16
- Other comprehensive income
For details, please refer to the relevant content in Note "VII. 34. Other Comprehensive Income".
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Cash flow statement items
(1) Cash related to operating activities
Other cash received related to operating activities
Unit: Yuan
Item Amount for the current period Amount for the previous period
Government subsidies 51,921,852.30 51,900,247.72 Interest income 4,756,705.86 5,822,777.84 Recovery of current accounts and others 15,269,373.79 10,988,444.95 Total 71,947,931.95 68,711,470.51
Other cash paid related to operating activities
Unit: Yuan
Item Amount for the current period Amount for the previous period
Office expenses, communication, travel expenses, etc. 7,153,093.62 6,042,456.72 Transportation expenses, traffic expenses, car expenses, etc. 2,426,443.69 1,171,079.54 Business entertainment expenses, publicity expenses, development expenses, repair expenses, etc. 5,194,130.99 7,005,489.78 Sales commissions, donation expenses, patent fees, service fees, etc. 16,465,765.54 11,470,582.64 Current accounts paid and others 41,229,210.24 37,268,642.99 Total 72,468,644.08 62,958,251.67
(2) Cash related to financing activities
Other cash payments related to financing activities
Unit: Yuan
Item Amount for the current period Amount for the previous period
Return of employee stock ownership plan subscription funds (resigned personnel) 472,440.00 60,000.00 Repayment of principal and interest on lease liabilities 6,243,275.79 4,247,653.94 Total 6,715,715.79 4,307,653.94
Changes in various liabilities arising from financing activities
□Applicable Not applicable
- 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 1,134,069,896.00 1,196,706,363.67 Plus: asset impairment provision 25,087,747.57 25,899,474.48 Depreciation of fixed assets, depreciation of oil and gas assets, depreciation of productive biological assets 183,316,156.63 152,902,628.26 Depreciation of right-of-use assets -2,877,424.58 4,688,500.94
Amortization of intangible assets 15,774,385.28 10,220,867.45
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Amortization of long-term deferred expenses
Losses (receipts) on disposal of fixed assets, intangible assets and other long-term assets
-6,342,358.10 8,605.50 (please fill in with "-")
Losses from scrapping of fixed assets (income is listed with “-”) 1,737,880.74 1,190,089.76 Loss from changes in fair value (income is listed with “-”) -230,683.31
Financial expenses (income is listed with "-") 45,156,822.86 -40,671,041.52 Investment losses (income is listed with "-") -18,604,461.50 -19,882,398.56 Decrease in deferred income tax assets (increase is listed with "-") -36,161,722.65 1,102,927.63 Increase in deferred income tax liabilities (decreases are indicated with "-") 16,451,201.18 -6,279,819.49 Decrease in inventories (increases are indicated with "-") -442,374,876.74 -190,199,443.19 Decrease in operating receivables (increases are indicated with "-") -654,629,261.93 -943,582,324.87 Increase in operating payables (decreases are listed with "-") 25,393,254.20 129,428,803.69 Others 12,525,258.56 2,711,552.24 Net cash flow generated from operating activities 298,291,814.21 324,244,785.99 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
- Net changes in cash and cash equivalents:
Closing balance of cash 889,935,171.82 1,260,590,124.29 Less: Opening balance of cash 1,449,874,806.81 1,226,521,438.49 Add: Closing balance of cash equivalents
Less: Opening balance of cash equivalents
Net increase in cash and cash equivalents -559,939,634.99 34,068,685.80
(2) Composition of cash and cash equivalents
Unit: Yuan
Item Ending balance Beginning balance
Cash 889,935,171.82 1,449,874,806.81 Of which: Cash on hand 1,847,774.59 1,099,020.69 Bank deposits that can be used for payment at any time 888,087,397.23 1,448,775,786.12
Balance of cash and cash equivalents at the end of the period 889,935,171.82 1,449,874,806.81
(3) Monetary funds that are not cash and cash equivalents
Unit: Yuan
Item Amount of the current period Amount of the previous period Reasons why it does not belong to cash and cash equivalents Labor wage deposit and foreign exchange settlement and sale industry
231,714.81 231,655.25 Restricted use
security deposit
Guarantee deposit and letter of credit deposit 10,012,156.94 32,517,071.85 Restricted use
Total 10,243,871.75 32,748,727.10
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- 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
Among them: US dollars 49,648,967.66 6.81090 338,154,153.84 Euros 9,733,329.64 7.76710 75,599,744.65 Japanese yen 1,405,834,356.00 0.042045 59,108,305.50 won 7,262,000.00 0.004403 31,974.59 baht 26,453,260.36 0.204244 5,402,919.71 rupees 139,524,774.33 0.072039 10,051,225.22 Indonesian rupiah 1,264,481,789.62 0.000381 481,767.56 reals 1,203,418.63 1.316536 1,584,343.95 Vietnamese dong 23,224,235,787.00 0.000259 6,015,077.07 Singapore dollars 57,049.47 5.260500 300,108.74 Mexican pesos 15,550,441.96 0.389681 6,059,711.77Accounts receivable
Among them: US dollars 149,154,216.36 6.81090 1,015,874,452.21 Euros 16,662,290.22 7.76710 129,417,674.37 Japanese yen 393,983,560.00 0.042045 16,565,038.78 Baht 377,840,569.11 0.204244 77,171,669.20 Rupees 174,641,615.58 0.072039 12,581,007.34 Reals 829,343.53 1.316536 1,091,860.61 Vietnamese Dong 5,851,414,210.00 0.000259 1,515,516.28 Mexican Pesos 80,321,119.00 0.389681 31,299,613.97 Other receivables
Of which: USD 540.00 6.81090 3,677.89 Euro 196,817.73 7.76710 1,528,702.99 Japanese yen 400,000.00 0.042045 16,818.00 Baht 21,105,658.21 0.204244 4,310,704.06 rupees 5,239,316.00 0.072039 377,435.09 reals 208,800.00 1.316536 274,892.72 VND 539,837,191.00 0.000259 139,817.83 Mexican pesos 31,131,687.20 0.389681 12,131,427.00 Other current assets
Of which: USD 6,800.32 6.81090 46,316.30 EUR 269,907.14 7.76710 2,096,395.75 Baht 157,626,500.40 0.204244 32,194,266.95 rupees 70,121,888.02 0.072039 5,051,510.69 Indonesian rupiah 287,441,179.50 0.000381 109,515.09 real 13,158,078.19 1.316536 17,323,083.63 Vietnamese dong 553,109,713.00 0.000259 143,255.42
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Mexican Peso 640,805.93 0.389681 249,709.90 Other non-current assets
Among them: US dollars 1,232,060.00 6.81090 8,391,437.45 Euros 3,316,600.00 7.76710 25,760,363.86 Japanese yen 3,620,000.00 0.042045 152,202.90 HUF 1,119,000.00 0.021961 24,574.36 Accounts payable
Of which: USD 5,513,003.55 6.81090 37,548,515.88 Euro 6,390,703.62 7.76710 49,637,234.09 Japanese yen 9,496,173.00 0.042045 399,266.59 Baht 81,753,436.84 0.204244 16,697,648.95 HUF 198,800.00 0.021961 4,365.85 Rupiah 17,583,870.35 0.072039 1,266,724.44 IDR 12,785,092.00 0.000381 4,871.12 reals 2,208,230.17 1.316536 2,907,214.52 Vietnamese dong 904,082,340.00 0.000259 234,157.33 Singapore dollars 8.83 5.260500 46.45 Mexican pesos 93,979,635.38 0.389681 36,622,078.29 Canadian dollars 230,957.19 4.784700 1,105,060.87 British pounds 64,805.61 9.014500 584,190.17 Other payables
Of which: USD 42,655.00 6.81090 290,518.94 EUR 244,421.45 7.76710 1,898,445.84 Baht 4,312,810.36 0.204244 880,865.64 INR 2,215,772.76 0.072039 159,622.05 reals 84,115.64 1.316536 110,741.27 Mexican pesos 3,213,596.81 0.389681 1,252,277.62 Non-current liabilities due within one year
Of which: US dollars 651.70 6.81090 4,438.66 Euros 184,923.52 7.76710 1,436,319.47 Thai Baht 7,512,382.64 0.204244 1,534,359.08 Rupees 6,809,921.07 0.072039 490,579.90 Real 55,220.99 1.316536 72,700.42 Vietnamese Dong 597,001,373.01 0.000259 154,623.36 Mexican Peso 119,880.44 0.389681 46,715.13 Lease liabilities
Of which: US dollars 371,973.35 6.81090 2,533,473.29 Euros 443,006.74 7.76710 3,440,877.65 rupees 22,130,907.45 0.072039 1,594,288.44 reals 42,700.85 1.316536 56,217.21
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd. (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 enterprises 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 standard currency of overseas operations and the enterprise’s presentation currency
□Applicable Not applicable
8. R&D expenditures
Unit: Yuan
Item Amount for the current period Amount for the previous period
R&D expenditure 348,121,431.15 285,663,851.48 Total 348,121,431.15 285,663,851.48 Including: expensed R&D expenditure 348,121,431.15 284,981,669.31
Capitalized R&D expenditure 682,182.17
- R&D projects that meet capitalization conditions
Unit: Beginning balance of Yuan period Increase amount in the current period Decrease amount in the current period
Item Closing balance
Amount Internal development expenditure Others Confirmed as intangible assets Transferred to current profit and loss
Item 1 708,624.57 614,035.61 94,588.96 Total 708,624.57 614,035.61 94,588.96
9. Changes in consolidation scope
- 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:
Changes in the scope of consolidation caused by the establishment of new subsidiaries
Company name Reasons for new inclusion in the scope of consolidation Shareholding ratio (%) Net assets as of June 30, 2026 Net profit from January to June 2026 Haomai Cambodia Technology Co., Ltd. Newly established
100.00 10,151,770.96 -64,950.32
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
10. Interests in other entities
- Interests in subsidiaries
(1) Composition of enterprise groups
Unit: Yuan
Shareholding ratio Name of acquired subsidiary Registered capital Main place of business Place of registration Nature of business
direct indirect way
Mold repair
Liaoning Haomai Technology Co., Ltd. 5,000,000.00 Tieling County Tieling County 100.00% Established
and production
Kunshan Haomai Machinery Technology Co., Ltd. Mold maintenance
15,000,000.00 Kunshan City Kunshan City 100.00% Establishment and production
Mold repair
Tianjin Haomai Mold Co., Ltd. 500,000.00 Tianjin City Tianjin City 100.00% established
and production
Global Manufacturing, USA·Tennessee Mold Repair Company
6,606,995.811 Tennessee 100.00% Services, Inc. State and Production Consolidated
Buda, Hungary mold repair
Halma (Europe) Co., Ltd. 32,000.002 Budapest 90.00% Established
Pace and production
Haomai (Thailand) Co., Ltd. Mold Repair
250,000,000.003 Thailand·Rayong Province Rayong Province 99.99% Establishment Note 1 and production
Haomai Mold (India) Privately owned Mold repair in Gujra, India
710,000,000.004 Gujarat 99.99% Establishment of limited liability company Note 2 Gujarat and production
indonesia
Haomai Mold Indonesia Co., Ltd. Chiba, West Java Mold Repair
14,450,000,000.005 West Java Province 95.00% Establishment of responsible company Note 3 Kalang City and production
Cikarang City
Shandong Haomai CNC Machine Tool Co., Ltd. General Equipment
532,241,487.00 Gaomi City Gaomi City 100.00% Establishment Division Manufacturing
Halma Brazil Industrial Equipment Trading Co., Ltd. Brazil·São Paulo Investment and
10,459,815.006 City of Sao Paulo 100.00% Establishment of a limited company State·City of Sao Paulo Trade
Haomai Brazilian Precision Machinery Industry has mold repair in Sao Paulo, Brazil
12,000,000.007 St. Paul City 76.18% Establishment of a limited company in St. Paul City and production
Vietnam · Tay Ninh Province. Tay Ninh Province Zhan Peng Mold Repair
Haomai (Vietnam) Co., Ltd. 13,608,000,000.008 100.00% Establishment of Zhanpeng City and production
Singapore Pearl Investment &
Tyco Industries Singapore Pte. Ltd. 100,000.009 Mount Pearl, Singapore 100.00% Set up Mount Trading
mexico holy road
Tyco Mexico Machinery Manufacturing Co., Ltd. San Luis, Mexico Mold Repair
178,655,505.0010 Ispotosi 100.00% Establishment of responsible company Spotosi Prefecture and production
state
Hefei Haomai Machinery Technology Co., Ltd. Mold maintenance
500,000.00 Hefei City Hefei City 100.00% Establishment and production
Mold repair
Xiamen Haomai Mold Co., Ltd. 500,000.00 Xiamen City Xiamen City 100.00% Established
and production
Guizhou Haomai Machinery Technology Co., Ltd. Mold maintenance
500,000.00 Guiyang City Guiyang City 100.00% Establishment and production
Guangzhou Haomai Machinery Manufacturing Co., Ltd. Mold maintenance
500,000.00 Guangzhou City Guangzhou City 100.00% Establishment and production
Halma Holdings (Hong Kong) Co., Ltd. Hong Kong Investment and
100,000.0011 Central and Western District, Hong Kong 100.00% Company establishment Central and Western District Trading
cambodia
Tyco Mold (Cambodia) Co., Ltd. Si Ha, Cambodia Mold Repair
400,000.0012 Si Hanouk 100.00% Establishment of company Nuuk Province and production
province
Xi'an Haomai CNC Machine Tool Co., Ltd. General Equipment
10,000,000.00 Xi'an City Xi'an City 100.00% Establishment Division Manufacturing
Haomai Machinery Technology (Rizhao) has 700,000,000.00 Rizhao City Rizhao City General Equipment 100.00% Established
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Co., Ltd. Manufacturing
General equipment
Shandong Haomai Mold Co., Ltd. 600,000,000.00 Weifang City Weifang City 100.00% Establishment and Manufacturing
Cambodia Mold Repair
Haomai Cambodia Technology Co., Ltd. 6,000,000.0013 Svay Rieng Province, Cambodia 100.00% established
Province and production
Note: 1 US Dollar 2 Euro 3 Thai Baht 4 Indian Rupee 5 Indonesian Rupiah 6 Real 7 Real 8 Vietnamese Dong 9 Singapore Dollar 10 Mexican Peso
11 HKD 12 USD 13 USD
Explanation on the difference between the proportion of shareholding in subsidiaries and the proportion of voting rights:
Note 1: The company holds 99.99% of the equity of Halma (Thailand) Co., Ltd. According to the agreement, the company enjoys all the income of Halma (Thailand) Co., Ltd. and bears the corresponding operating risks.
Note 2: The registered capital of Halma Mold (India) Private Limited is 71 million shares (710 million rupees), of which Hu Qinyu and Amit each subscribed for 1 share (10 rupees), and the rest is subscribed by the company. According to the agreement, the company enjoys all the income of Halma Mold (India) Private Limited and bears the corresponding operating risks.
Note 3: The registered capital of Halma Mold Indonesia Co., Ltd. is 10,000 shares, of which Wang Junlei subscribed for 500 shares, and the rest is subscribed by the company. According to the agreement, the company enjoys all the income of Halma Mold Indonesia Co., Ltd. and bears the corresponding operating risks.
(2) Significant restrictions on the use of enterprise group assets and repayment of enterprise group debts
There are no major restrictions on the Group's use of the enterprise group's assets and repayment of debts.
(3) Financial support or other support provided to structured entities included in the scope of consolidated financial statements
The Group does not have any structured entities included in the scope of consolidated financial statements.
- Interests in joint ventures or associated enterprises
(1) Important joint ventures or associates
Shareholding ratio of joint venture or associated enterprise Name of joint venture or associated enterprise Main place of business Place of registration Nature of business
Accounting treatment methods for direct and indirect investments Jinan Haomai Power Equity Investment Fund Investment and Consulting
Jinan Jinan 99.01% Equity method
Partnership (limited partnership) consulting business
Explanation on the difference between the proportion of shareholdings in joint ventures or associates and the proportion of voting rights:
Jinan Halma Power Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Haimai Power") is composed of the company as a limited partner and Halma Capital Management Co., Ltd. (hereinafter referred to as "Haimai Capital"), a general partner as an executive partner. Among them: Halma Capital is owned by Halma Group Co., Ltd. (held by Halma Power) 30% of the shares) and five natural persons including Qin Qiling (25% of the shares), Zhang Lu (15% of the shares), Zhang Yan (10% of the shares), Zhang Zhilong (10% of the shares), and Bai Xusheng (10% of the shares). Halma Group Co., Ltd. is the largest shareholder of Halma Capital.
According to the partnership agreement, the company shall not perform partnership affairs or represent the partnership to external parties. Limited partners may not participate in the management or control of the partnership's investment business and other activities, transactions and businesses conducted in the name of the partnership, may not sign documents on behalf of the partnership, or engage in other activities that constrain the partnership. At the same time, the general partner, as the executive partner of the partnership, makes investment decisions
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The committee consists of 5 members. Investment decisions are made through a 2/3 (inclusive) approval system, and the chairman has one-vote veto power. The chairman is appointed by the general partner, and only one member is appointed by the company. The company can influence the partnership through this committee member, but does not have control.
(2) Main financial information of important associates
Unit: Yuan
Ending balance/amount of the current period Beginning balance/amount of the previous period
Current assets 23,436,478.00 1,802,787.53 Non-current assets 77,783,768.17 106,119,489.80 Total assets 101,220,246.17 107,922,277.33 Current liabilities 2,000,309.03 902,617.00 non-current liabilities
Total liabilities 2,000,309.03 902,617.00
Minority shareholders’ equity 983,123.68 1,060,541.51 Equity attributable to shareholders of the parent company 98,236,813.46 105,959,118.82 Share of net assets calculated based on shareholding ratio 98,236,813.46 105,959,118.82 Adjustment matters
--Goodwill
--Unrealized profits from internal transactions
--Others
Book value of equity investments in associates 98,236,813.46 105,959,118.82 Equity investments in associates with publicly quoted prices
fair value
operating income
Net profit -4,578.88 100,166.37 Net profit from discontinued operations
Other comprehensive income 27,964,855.69 9,711,995.57 Total comprehensive income 27,960,276.81 9,812,161.94
Dividends received from associates this year 14,613,576.00
(3) Summary financial information of unimportant joint ventures and associates
Unit: Yuan
Ending balance/amount of the current period Beginning balance/amount of the previous period
Joint Venture:
Total book value of investments 1,959,219.97 1,615,511.42 Total of the following items calculated based on shareholding ratio
Associates:
The total of the following items calculated based on shareholding ratio
--Net profit 343,782.93 -1,259,823.23 --Total comprehensive income 343,782.93 -1,259,823.23
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd. (4) Explanation of significant restrictions on the ability of joint ventures or associates to transfer funds to the company
There are no significant restrictions on the ability of associates to transfer funds to the Group.
(5) Excess losses incurred by joint ventures or associates
The Group's associates did not suffer excessive losses.
(6) Unconfirmed commitments related to investment in joint ventures
The Group has no unrecognized commitments related to investments in associates.
(7) Contingent liabilities related to investments in joint ventures or associates
The Group has no contingent liabilities related to investments in associates.
11. Government subsidies
- Liability items involving government subsidies
Applicable □Not applicable
Unit: Yuan
New subsidy in this period is included in business in this period. Transferred to others in this period. Other and assets/receipt accounting account in this period. Beginning balance. Ending balance.
Amount Amount of external income Amount of income Other changes Interest-related deferred income 106,347,796.67 54,196,961.00 5,183,460.40 155,361,297.27 Asset-related deferred income 19,970,472.47 9,046,594.65 18,149,641.57 10,867,425.55 Related to income
- Government subsidies included in current profits and losses
Applicable □Not applicable
Unit: Yuan accounting account Amount of the current period Amount of the previous period
Other income 27,330,841.09 25,051,997.00
12. Risks related to financial instruments
- Various risks arising from financial instruments
The Group's main financial instruments include loans, receivables, payables, etc. Please see Note 7 for details of each financial instrument. The risks associated with these financial instruments and the risk management policies adopted by the Group to mitigate these risks are described below. The management of the Group manages and monitors these risk exposures to ensure that the above risks are controlled within limited limits.
(1) Various risk management objectives and policies
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
The Group's goal in risk management is to achieve an appropriate balance between risks and returns, minimize the negative impact of risks on the Group's operating performance, and maximize the interests of shareholders and other equity investors. Based on this risk management objective, the Group's basic risk management strategy is to determine and analyze the various risks faced by the Group, establish an appropriate risk tolerance bottom line and conduct risk management, and supervise various risks in a timely and reliable manner to control risks within a limited range.
- Market risk
①Exchange rate risk
The Group's exposure to exchange rate risks is mainly related to the U.S. dollar, euro, Japanese yen, rupee, Thai baht, Mexican peso, etc. In addition to the company's overseas subsidiaries purchasing and selling in foreign currencies, the company also has a large number of import and export businesses settled in foreign currencies. As of June 30, 2026, the main financial statement items involving foreign currency balances are shown in Note 7, 56, Foreign Currency Monetary Items. The exchange rate risk arising from the assets and liabilities with such foreign currency balances may have an impact on the Company's operating results.
②Interest rate risk
The Group's interest rate risk arises from bank borrowings. Financial liabilities with floating interest rates expose the Group to cash flow interest rate risk, while financial liabilities with fixed interest rates expose the Group to fair value interest rate risk. The Group determines the relative proportion of fixed-rate and floating-rate contracts based on the prevailing market environment. As of June 30, 2026, the Group's interest-bearing debts were mainly fixed-rate contracts denominated in RMB, with an amount of RMB 70,000,000.00.
③Price risk
The Group sells products and provides services at market prices and is therefore affected by such price fluctuations.
- Credit risk
As of June 30, 2026, the maximum credit risk exposure that may cause the Group's financial losses mainly comes from the loss of the Group's financial assets caused by the failure of the other party to the contract to perform its obligations, specifically including:
The carrying amount of financial assets recognized in the consolidated balance sheet; for financial instruments measured at fair value, the carrying amount reflects its risk exposure, but it is not the maximum risk exposure, and its maximum risk exposure will change with changes in fair value in the future.
In order to reduce credit risks, the Group's business departments determine credit limits and other monitoring procedures to ensure that necessary measures are taken to recover overdue claims. In addition, the Group reviews the recovery status of each individual receivable on each balance sheet date to ensure that sufficient bad debt provisions are made for unrecoverable amounts. Therefore, the management of the Group believes that the credit risk borne by the Group has been greatly reduced.
The Group's working capital is deposited in banks with higher credit ratings, so the credit risk of working capital is lower.
The Group has adopted necessary policies to ensure that all sales customers have good credit records. Except for the top five accounts receivable, the Group has no other significant concentration of credit risk.
The total amount of the top five accounts receivable is 1,095,106,837.64 yuan.
- Liquidity risk
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Liquidity risk is the risk that the Group will be unable to meet its financial obligations on due dates. The Group's approach to managing liquidity risk is to ensure sufficient liquidity to meet maturing debts without causing unacceptable losses or damage to corporate reputation. The Group regularly analyzes the structure and maturity of liabilities to ensure sufficient funds. The management of the Group monitors the use of bank borrowings and ensures compliance with borrowing agreements. The Group's credit standing is good and it can obtain credit lines from financial institutions at any time.
13. Disclosure of fair value
- Closing fair value of assets and liabilities measured at fair value
Unit: Yuan Ending Fair Value
Project First level public Second level public
Level 3 fair value measurement Total
Fair value measurement Fair value measurement
1. Continuous fair value measurement -- -- -- --
(1) Financing of receivables 300,851,983.61 300,851,983.61 Total assets continuously measured at fair value 300,851,983.61 300,851,983.61
2. Non-continuous fair value measurement -- -- -- --
- Continuous and non-continuous third-level fair value measurement projects, valuation techniques used and qualitative and quantitative information on important parameters
Among the Group's third-level fair value measurement items, receivables are financed by bank acceptance bills. This part of the bank acceptance bills has a short maturity date and the difference between fair value and book value is minimal.
- For ongoing fair value measurement items, if there is a conversion between various levels during the current period, the reasons for the conversion and the policy for determining the time of conversion
For ongoing fair value measurement items, no conversions between levels occurred during the period.
- Valuation technology changes that occurred during the current period and reasons for the changes
There were no changes in valuation technology of the Group during the reporting period.
- Fair value of financial assets and financial liabilities not measured at fair value
The Group does not have assets and liabilities that are not measured at fair value but disclosed at fair value.
14. Related parties and related transactions
- Information about the parent company of this enterprise
Name of the parent company Registration place Nature of business Registered capital The parent company’s shareholding ratio in the company The parent company’s voting rights ratio in the company Zhang Jingyun 30.25% 30.25% The ultimate controller of the company is Zhang Jingyun.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Information about the company’s subsidiaries
For details of the company's subsidiaries, please refer to the relevant content in Note "X. 1. (1) Composition of the Enterprise Group".
- Information on joint ventures and associated enterprises of the enterprise
For details of the company's important joint ventures or associates, please refer to the relevant content in Note "X. 2. (1) Important joint ventures or associates".
- Other related parties
Names of other related parties Relationship between other related parties and the company Gaomi Haomai Catering Service Co., Ltd. Other companies controlled by the same controlling shareholder and the ultimate controlling party Gaomi Haomai Hospital Co., Ltd. Other companies controlled by the same controlling shareholder and the ultimate controlling party Gaomi Haomai Sports Culture Co., Ltd. Other companies controlled by the same controlling shareholder and the ultimate controlling party Shandong Tongchuang Precision Technology Co., Ltd. Enterprises in which the controlling shareholder has significant influence
Shandong Haomai Traditional Agriculture Development Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Machinery Manufacturing Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Precision Forging Technology Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Precision Machinery Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Valve Co., Ltd. Enterprises in which the controlling shareholder has significant influence
Shandong Haomai Logistics Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Vocational Training School Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Heavy Industry Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Rongtai Induction Technology Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Youquan New Materials Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haoquan Software Technology Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party, Shandong Youdao Chemical Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party, Weifang Haomai Technology Vocational Secondary School, Other enterprises controlled by the same controlling shareholder and the ultimate controlling party, Shandong Haomai Yihua Design Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party, Gaomi Haomai Optometry Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party, Shandong Haomai Chemical Co., Ltd. Other enterprises controlled by the same controlling shareholder and ultimate controlling party Shandong Haogang Machinery Technology Co., Ltd. Enterprises in which the controlling shareholder has significant influence
Gaomi Haomai Primary School Other enterprises controlled by the same controlling shareholder and ultimate controlling party Gaomi Haomai Real Estate Co., Ltd. Other enterprises controlled by the same controlling shareholder and ultimate controlling party Gaomi Haomai Middle School Other enterprises controlled by the same controlling shareholder and ultimate controlling party Gaomi Haomai Senior High School Other enterprises controlled by the same controlling shareholder and ultimate controlling party Gaomi Youan Energy Co., Ltd. Other enterprises controlled by the same controlling shareholder and ultimate controlling party Haomai Group Co., Ltd. Other companies controlled by the same controlling shareholder and ultimate controlling party: Halma Capital Management Co., Ltd. Companies where the controlling shareholder has significant influence
Gaomi Hejia Property Management Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Gaomi Home Property Management Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai International Trade Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Heavy Equipment Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Shandong Haomai Information Management Consulting Co., Ltd. Other enterprises controlled by the same controlling shareholder and the ultimate controlling party Gaomi Haokang Pharmacy Co., Ltd. Gaomi Haozhiwei Catering Services Co., Ltd., another enterprise controlled by the same controlling shareholder and ultimate controlling party. Shandong Mairui Precision Machinery Co., Ltd., another enterprise controlled by the same controlling shareholder and ultimate controlling party, is an associated enterprise.
- Related transactions
(1) Related transactions related to the purchase and sale of goods, provision and receipt of services
Procurement of goods/service acceptance form
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Unit: Yuan
Whether it exceeds
Related parties Related party transaction content Amount incurred in the current period Approved transaction quota Transaction amount incurred in the previous period
Quota
Gaomi Haomai Catering Service Co., Ltd. Labor and service fees 4,623,191.91 6,500,000.00 No 3,477,632.15 Gaomi Haomai Hospital Co., Ltd. Physical examination fees, etc. 4,592,785.90 6,500,000.00 No 2,586,549.52 Shandong Tongchuang Precision Technology Co., Ltd. Air hole sleeves, etc. 25,239,648.80 80,000,000.00 No 22,428,660.25 Shandong Tongchuang Precision Technology Co., Ltd. Labor and service fees 609,780.79 51,913.29 Shandong Haomai Machinery Manufacturing Co., Ltd. Welding parts and processing fees, etc. 349,319,481.85 855,000,000.00 No 389,472,150.01 Shandong Haomai Machinery Manufacturing Co., Ltd. Mechanical products 7,943,058.63 90,000,000.00 No 14,416,284.38 Shandong Haomai Precision Forging Technology Co., Ltd. Guide bars, etc. 2,605,235.00 6,000,000.00 No 1,707,523.58 Shandong Haomai Precision Forging Technology Co., Ltd. Labor and service fees 4,743,451.81 10,000,000.00 No 2,767,020.79 Shandong Haomai Precision Machinery Co., Ltd. Labor and service fees, etc. 8,063,446.87 15,000,000.00 No 6,700,764.08 Shandong Haomai Valve Co., Ltd. Raw materials, etc. 5,827,441.52 15,000,000.00 No 4,759,668.56 Shandong Haomai Logistics Co., Ltd. Logistics and transportation fees 4,375,747.81 11,000,000.00 No 6,947,995.39 Shandong Haomai Vocational Training School Co., Ltd.
Labor and service fees 1,079,937.98 3,000,000.00 No 1,934,219.64 Company
Shandong Haomai Heavy Industry Co., Ltd. Welding parts 18,321.01 3,893.07 Shandong Rongtai Induction Technology Co., Ltd. Mechanical products, etc. 11,714,259.87 14,000,000.00 No 587,939.82 Shandong Rongtai Induction Technology Co., Ltd. Labor and service fees 134,557.52
Shandong Youquan New Materials Co., Ltd. Raw materials, etc. 10,577,054.63 23,000,000.00 No 7,776,245.36
Software and information technology services
Shandong Haoquan Software Technology Co., Ltd. 11,197,076.96 30,000,000.00 No 25,532,278.58
service fee
Shandong Youdao Chemical Co., Ltd. Raw materials 141.60 29,337.07 Shandong Haomai Yihua Design Co., Ltd. Labor and service fees 635,091.59 4,000,000.00 No 2,164,672.12 Gaomi Haomai Optometry Co., Ltd. Raw materials 9,129.49 16,951.66 Shandong Haosteel Machinery Technology Co., Ltd. Raw materials 1,202,504.47 6,000,000.00 No 4,046,053.72 Gaomi Youan Energy Co., Ltd. Water and electricity charges, etc. 10,505.33 7,424.62 Gaomi Hejia Property Management Co., Ltd. Labor and service fees 73,501.70 74,154.90 Gaomi Jiayuan Property Management Co., Ltd. Labor and service fees 114,997.20 93,377.20 Shandong Haomai International Trade Co., Ltd. Machinery products, etc. 16,494,597.42 5,000,000.00 Yes 1,169,556.06 Shandong Haomai Information Management Consulting Co., Ltd.
Labor and service fees 1,127,150.94 2,000,000.00 No 2,335.64 Company
Haomai Group Co., Ltd. Labor and service fees 308,123.74
Gaomi Haokang Pharmacy Co., Ltd. Raw materials 41,395.18
Gaomi Haozhiwei Catering Service Co., Ltd.
Labor and service fees 100,045.95
Division
Gaomi Haomai Sports Culture Co., Ltd.
Labor and service fees 1,665.00
Shandong Haomai Traditional Agriculture Development Co., Ltd.
Labor and service fees 192.19 company
Shandong Youdao Chemical Co., Ltd. Labor and service fees 227,267.73 Shandong Haomai Chemical Co., Ltd. Labor and service fees 15,486.46 Total 472,781,663.47 1,182,000,000.00 498,999,212.84
List of goods sold/services provided
Unit: Yuan
Related parties Related party transaction content Amount incurred in the current period Amount incurred in the previous period
Gaomi Haomai Catering Service Co., Ltd. Water and electricity charges, etc. 1,700,743.47 1,617,824.55 Gaomi Haomai Catering Service Co., Ltd. Processing fee, etc. 45,085.56 44,001.55 Gaomi Haomai Catering Service Co., Ltd. Raw materials 176.99
Gaomi Haomai Hospital Co., Ltd. Processing fees, etc. 11,953.68 19,660.18 Gaomi Haomai Sports Culture Co., Ltd. Water and electricity charges 108,579.96 106,126.51 Shandong Tongchuang Precision Technology Co., Ltd. Processing fees, etc. 7,126.28 11,541.66
Shandong Haomai Machinery Manufacturing Co., Ltd. Raw materials, castings, etc. 606,489,887.55 359,034,798.87
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Shandong Haomai Machinery Manufacturing Co., Ltd. Mechanical products 8,177,848.40 553,157.54 Shandong Haomai Machinery Manufacturing Co., Ltd. Processing fees, etc. 2,136,474.19 2,072,985.95 Shandong Haomai Machinery Manufacturing Co., Ltd. Water and electricity charges 3,678,664.81 2,938,337.53 Shandong Haomai Precision Forging Technology Co., Ltd. Processing fees, etc. 720,556.73 1,033.02 Shandong Haomai Precision Machinery Co., Ltd. Mechanical products 16,814.16 4,142,300.90 Shandong Haomai Precision Machinery Co., Ltd. Processing fees, etc. 54.13 264,085.85 Shandong Haomai Precision Machinery Co., Ltd. Castings, etc. 9,815,472.17
Shandong Haomai Valve Co., Ltd. Processing fees, etc. 260,837.73 365,246.45 Shandong Haomai Valve Co., Ltd. Raw materials 934.53 5,899.12 Shandong Haomai Valve Co., Ltd. Utilities 57,504.40 43,927.06 Shandong Haomai Logistics Co., Ltd. Processing fees, etc. 9,046.52 1,647.31 Shandong Haomai Vocational Training School Co., Ltd. Mechanical products 3,147.79 973,451.33 Shandong Haomai Vocational Training School Co., Ltd. Processing fees, etc. 23,065.37 Shandong Haomai Heavy Industry Co., Ltd. Processing fees, etc. 41,688.30 11,727.79 Shandong Rongtai Induction Technology Co., Ltd. Raw materials 2,607.78
Shandong Rongtai Induction Technology Co., Ltd. Processing fees, etc. 18,886.68 Shandong Youquan New Materials Co., Ltd. Processing fees, etc. 23.28 7,687.41 Shandong Haoquan Software Technology Co., Ltd. Mechanical products 3,065,538.49 8,849.56 Shandong Haoquan Software Technology Co., Ltd. Utilities 32,582.79 36,553.40 Shandong Haoquan Software Technology Co., Ltd. Processing fees, etc. 5,660.38 5,660.38 Weifang Haomai Technology Vocational Secondary Vocational School Processing fees, etc. 2,997.11 41,013.06 Weifang Haomai Technology Vocational Secondary Vocational School Mechanical products 3,740.71 2,628.32 Shandong Haomai Yihua Design Co., Ltd. Water and electricity charges 4,372.85 4,878.96 Shandong Haogang Machinery Technology Co., Ltd. Raw materials, etc. 249,337.18 1,553,758.61 Shandong Haomai International Trade Co., Ltd. Sales products 237,823,149.05 74,692,018.56 Shandong Haomai Heavy Equipment Co., Ltd. Raw materials 387,604.43
Gaomi Haozhiwei Catering Service Co., Ltd. Processing fee, etc. 12,179.32
Gaomi Haozhiwei Catering Service Co., Ltd. Water and electricity bills, etc. 163,827.30
Halma Group Co., Ltd. Raw materials 1,000.00
Shandong Youdao Chemical Co., Ltd. Processing fees, etc. 142,529.55 Gaomi Haomai Primary School, processing fees, etc. 12,955.75 Gaomi Haomai Middle School, processing fees, etc. 16,194.70 Gaomi Haomai Senior High School, processing fees, etc. 10,159.73 Shandong Haomai Heavy Equipment Co., Ltd. Processing fees, etc. 46,962.32 Gaomi Hejia Property Management Co., Ltd. Processing fees, etc. 2,759.95 Total 875,037,218.02 448,834,315.48
(2) Related leasing situation
As a lessor, our company:
Unit: Yuan
Name of the lessee Type of leased assets Lease income recognized in the current period Lease income recognized in the previous period Shandong Haomai Valve Co., Ltd. Workshop 24,000.00 24,000.00 Gaomi Haomai Hospital Co., Ltd. Land use rights 91,743.12 91,743.12 Gaomi Haomai Hospital Co., Ltd. Building 32,932.11
Gaomi Haomai Catering Service Co., Ltd. House 760,078.24 762,684.12 Gaomi Haomai Catering Service Co., Ltd. Equipment 311,150.45 398,230.09 Shandong Haomai Machinery Manufacturing Co., Ltd. House 91,743.12 100,917.43 Shandong Haomai Logistics Co., Ltd. Office building 3,715.59 5,142.86 Shandong Haoquan Software Technology Co., Ltd. Office building 131,428.58 131,428.58 Gaomi Haozhiwei Catering Service Co., Ltd. House 49,651.39
Gaomi Haozhiwei Catering Service Co., Ltd. Equipment 33,982.31
Haomai Group Co., Ltd. Office building 16,513.76 Gaomi Haomai Sports Culture Co., Ltd. House 64,220.18 Shandong Haomai Vocational Training School Co., Ltd. Office building 8,256.88
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total 1,530,424.91 1,603,137.02 The company as the lessee:
Unit: Yuan
Simplified short-term treatment not included in lease liabilities
Variable leases measured by leases and low-value assets Lease liabilities assumed Increased right-of-use assets
rent paid
Lessor’s name Rental payment amount for leasing the leased asset (if applicable) Interest expense Property name Type of property (if applicable)
Posted in this issue Posted in the previous issue Posted in this issue Posted in the previous issue Posted in this issue Posted in the previous issue Posted in this issue Posted in the previous issue Posted in this issue Posted in the previous issue
Amount of students Amount of students Amount of students Amount of students Amount of students Amount of students Amount of students Amount of students Shandong Haomai
House construction 681,05 1,417, 274,35 274,35 4,992. 5,133. 500,19 500,03 Machinery manufacturing
Building 0.95 572.82 6.27 6.26 74 11 9.98 1.14 Co., Ltd.
Shandong Rongtai
House construction 97,794
Induction technology
Building .17
Ltd.
Gaomi City Hao
House construction 471,80 146,40 6,267. 5,099. 719,75 337,96Mai Real Estate Co., Ltd.
Building 0.00 0.00 88 70 8.10 1.79 Co., Ltd.
Shandong Haomai
House construction 102,00
Precision machinery
Building 0.00
Ltd.
(3) Asset transfer and debt restructuring of related parties
Unit: Yuan
Related parties Contents of related transactions Amount incurred in the current period Amount incurred in the previous period Shandong Haomai Machinery Manufacturing Co., Ltd. Sales of mechanical products and electronic equipment 176.99 12,998.23 Shandong Haomai International Trading Co., Ltd. Sales of mechanical products and electronic equipment 884,955.75
Shandong Haomai Vocational Training School Co., Ltd. Sells mechanical products and electronic equipment 295,221.24 Weifang Haomai Technology Vocational Secondary School Sells mechanical products and electronic equipment 442.48 Shandong Haomai Machinery Manufacturing Co., Ltd. Purchases mechanical products 124,778.75 5,196,434.06 Shandong Youdao Chemical Co., Ltd. Purchases mechanical products 1,769.91 Total — 1,009,911.49 5,506,865.92
(4) Remuneration of key management personnel
Unit: Yuan
Item Amount for the current period Amount for the previous period
Total salary 2,784,708.70 2,968,690.83
- Accounts receivable and payable from related parties
(1) Items receivable
Unit: Yuan Ending balance Beginning balance
Project name Related parties
Book balance Bad debt provision Book balance Bad debt provision Notes receivable Shandong Haomai Machinery Manufacturing Co., Ltd. 90,171,337.27 58,381,042.89
Notes receivable Shandong Haogang Machinery Technology Co., Ltd. 14,325.56
Receivables financing Shandong Haomai Machinery Manufacturing Co., Ltd. 25,987,344.79 7,932,543.04
Receivables financing Shandong Haomai International Trade Co., Ltd. 2,569,274.82 12,169,462.60
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Receivables Financing Shandong Haogang Machinery Technology Co., Ltd. 121,147.18
Accounts receivable Shandong Haomai Machinery Manufacturing Co., Ltd. 336,755,353.21 14,648,857.86 304,676,060.04 13,253,408.61 Accounts receivable Shandong Haomai Precision Machinery Co., Ltd. 7,500,886.43 486,887.55 3,904,702.47 182,434.06 Accounts receivable Shandong Haomai Precision Forging Technology Co., Ltd. 3,589,591.22 312,671.26 2,780,937.09 277,747.93 Accounts receivable Shandong Haoquan Software Technology Co., Ltd. 3,321,700.00 144,493.95 3,700.00 160.95 Accounts receivable Shandong Haomai Yihua Design Co., Ltd. 31,108.80 1,353.23
Shandong Haomai Vocational Training School Co., Ltd.
Accounts receivable 815,557.00 64,856.73 815,360.00 35,468.16
company
Accounts receivable Shandong Haomai Heavy Equipment Co., Ltd. 412,436.09 19,560.50 28,664.19 1,246.89 Accounts receivable Shandong Haomai International Trade Co., Ltd. 246,551,755.44 10,811,419.08 45,737,676.18 1,989,588.91 Accounts receivable Shandong Mairui Precision Machinery Co., Ltd. 1,769,434.23 77,318.84 1,708,027.95 74,299.22 Accounts receivable Shandong Tongchuang Precision Technology Co., Ltd. 17,660.00 768.21 Accounts receivable Shandong Haomai Valve Co., Ltd. 154,129.15 6,704.62
Accounts receivable Gaomi Haomai Hospital Co., Ltd. 50,000.00 2,175.00
Accounts receivable Gaomi Haomai Catering Service Co., Ltd. 402,362.17 17,502.75
Accounts receivable Shandong Haomai Heavy Industry Co., Ltd. 47,107.78 2,049.19
Accounts receivable Halma Group Co., Ltd. 1,130.00 49.15
Accounts receivable Shandong Haomai Logistics Co., Ltd. 1,350.00 58.72
Weifang Haomai Technology Vocational Secondary Major
Accounts receivable 4,227.00 183.87
school
Accounts receivable Shandong Haogang Machinery Technology Co., Ltd. 33,729.34 1,467.23
Shandong Haomai Vocational Training School Co., Ltd.
Prepaid accounts 4,839.00
company
Prepaid accounts Gaomi Haomai Catering Service Co., Ltd. 7,248.19
Gaomi Haozhiwei Catering Service Co., Ltd.
Prepaid accounts 18,514.18
Division
Other non-current funds
Shandong Rongtai Induction Technology Co., Ltd. 11,038,947.35
produce
(2) Items payable
Unit: Yuan
Project name Related parties Book balance at the end of the period Book balance at the beginning of the period Accounts payable Shandong Haomai Machinery Manufacturing Co., Ltd. 175,469,137.89 165,167,362.58 Accounts payable Shandong Tongchuang Precision Technology Co., Ltd. 15,209,092.93 9,393,739.83 Accounts payable Shandong Rongtai Induction Technology Co., Ltd. 1,478,231.41 103,086.24 Accounts payable Shandong Haomai Precision Forging Technology Co., Ltd. 3,494,997.22 1,035,586.49 Accounts payable Shandong Youquan New Materials Co., Ltd. 1,691,030.39 1,784,171.54 Accounts payable Gaomi Haomai Optometry Co., Ltd. 11,746.97 2,617.48 Accounts payable Gaomi Haomai Hospital Co., Ltd. 511,443.26 261,930.56 Accounts payable Shandong Haogang Machinery Technology Co., Ltd. 580,111.02 41,840.71 Accounts payable Shandong Haomai Precision Machinery Co., Ltd. 11,730,829.32 10,423,917.59 Accounts payable Shandong Haomai Valve Co., Ltd. 3,486,506.12 1,959,844.19 Accounts payable Shandong Youdao Chemical Co., Ltd. 152,372.59 152,230.99 Accounts payable Shandong Haoquan Software Technology Co., Ltd. 4,014,180.00 12,764,280.00 Accounts payable Shandong Haomai Vocational Training School Co., Ltd. 707,001.07 223,898.49 Accounts payable Shandong Haomai International Trade Co., Ltd. 1,158,133.20 742,231.20 Accounts payable Shandong Haomai Heavy Industry Co., Ltd. 10,606,699.10 10,615,365.06 Accounts payable Shandong Haomai Chemical Co., Ltd. 51,158.44 51,158.44 Accounts payable Gaomi Haokang Pharmacy Co., Ltd. 28,452.07 12,202.74 Accounts payable Shandong Haomai Yihua Design Co., Ltd. 240,128.67
Accounts payable Halma Group Co., Ltd. 326,611.16
Accounts payable Gaomi Haozhiwei Catering Service Co., Ltd. 7,248.19
Contract liabilities Shandong Haogang Machinery Technology Co., Ltd. 619.47
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
15. Share-based payment
- Equity-settled share-based payment
Applicable □Not applicable
Unit: Yuan Method for determining the fair value of equity instruments on the date of grant. Basis for determining the number of exercisable equity instruments at the closing price of the company’s stock on the date of grant. Management’s best estimate. Reasons for significant differences between this period’s estimate and the previous period’s estimate. None
The cumulative amount of equity-settled share-based payment included in capital reserves 67,727,604.72 Total expenses recognized for equity-settled share-based payment in the current period 12,525,258.56
- Share-based payment expenses for this period
Applicable □Not applicable
Unit: Yuan
Category of grant objects Equity-settled share-based payment expenses Cash-settled share-based payment expenses Management personnel 1,819,235.51 Sales personnel 615,168.86 R&D personnel 4,037,323.61 Production personnel 6,053,530.58
Total 12,525,258.56
16. Commitments and contingencies
- Important commitments
Important commitments existing at the balance sheet date
As of June 30, 2026, the Group has no commitments that need to be disclosed.
- Contingent matters
(1) Important contingencies existing on the balance sheet date
As of June 30, 2026, the Group has no contingencies that need to be disclosed.
(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.
17. Events after the balance sheet date
- Profit distribution
Not applicable.
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Description of other post-balance sheet events
None.
18. Other important matters
- Branch information
(1) Other instructions
The Group determines operating segments based on its internal organizational structure, management requirements, and internal reporting systems, and determines reporting segments and discloses segment information based on operating segments.
An operating segment refers to a component within the group that simultaneously meets the following conditions: (1) The component can generate revenue and incur expenses in daily activities; (2) The management of the group can regularly evaluate the operating results of the component to decide to allocate resources to it and evaluate its performance; (3) The group can obtain relevant accounting information such as the financial status, operating results, and cash flow of the component. If two or more operating segments have similar economic characteristics and meet certain conditions, they can be merged into one operating segment.
The Group's business is relatively concentrated, and the management regards this business as a whole to implement management and evaluate operating results. Therefore, segment information is not presented in these financial statements.
19. Notes on main items of the parent company’s financial statements
- 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) 4,091,348,358.15 3,514,785,184.30 1 to 2 years 282,444,928.04 345,339,569.79 2 to 3 years 184,720,876.15 122,956,923.46 More than 3 years 50,943,831.24 6,618,032.11 3 to 4 years 49,959,647.93 5,095,668.58 4 to 5 years 276,866.41 1,491,479.03
More than 5 years 707,316.90 30,884.50 Total 4,609,457,993.58 3,989,699,709.66
(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
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Among them:
Provision based on portfolio 4,609,4 4,433,1 3,989,6 3,837,0
176,322 152,657
Provision for bad debts 57,993. 100.00% 3.83% 35,768. 99,709. 100.00% 3.83% 42,243.
,225.07 ,466.60
Accounts receivable 58 51 66 06 of which:
According to the aging
Feature-based
3,794,2 3,617,9 3,272,0 3,119,4 Expected credit 176,322 152,657
24,406. 82.31% 4.65% 02,181. 89,450. 82.01% 4.67% 31,983. Total loss group, 225.07, 466.60
64 57 44 84 Provision for bad debts
accounts receivable
Within the consolidated scope 815,233 815,233 717,610 717,610
17.69% 17.99%
Related party combination ,586.94 ,586.94 ,259.22 ,259.22 4,609,4 4,433,1 3,989,6 3,837,0
176,322 152,657
Total 57,993. 100.00% 3.83% 35,768. 99,709. 100.00% 3.83% 42,243. ,225.07 ,466.60
58 51 66 06 Category name of bad debt provision for combination: Accounts receivable for which bad debt provision is made based on expected credit loss combination based on aging characteristics
Unit: Yuan ending balance
Name
Book balance Bad debt provision Provision ratio
Within 1 year 3,648,404,338.39 158,705,588.76 4.35% 1-2 years 130,140,966.33 13,014,096.63 10.00% 2-3 years 14,694,918.61 3,673,729.65 25.00% 3-4 years 0.00 0.00 60.00% 4-5 years 276,866.41 221,493.13 80.00% More than 5 years 707,316.90 707,316.90 100.00% Total 3,794,224,406.64 176,322,225.07
If bad debt provisions for accounts receivable are 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
Bad debt provision for accounts receivable 152,657,466.60 23,664,758.47 176,322,225.07 Total 152,657,466.60 23,664,758.47 176,322,225.07
(4) Accounts receivable actually written off in the current period
There are no accounts receivable actually written off in this period.
(5) Accounts receivable and contract assets with the top five closing balances collected by debtors
Unit: Yuan Unit name Ending balance of accounts receivable Contract asset period Accounts receivable and contract assets account for accounts receivable and contracts Accounts receivable bad debt provision and
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Closing balance Closing balance Total closing balance of assets Contract asset impairment provision period
Proportion of the number Final balance Customer 1 425,328,223.51 425,328,223.51 9.23%
Customer two 316,359,506.59 316,359,506.59 6.86% 13,761,638.54 Customer three 262,429,894.33 262,429,894.33 5.69%
Customer four 212,080,559.12 212,080,559.12 4.60% 9,225,504.32 Customer five 200,756,111.41 200,756,111.41 4.36% 8,732,890.85Total 1,416,954,294.96 1,416,954,294.96 30.74% 31,720,033.71
- Other receivables
Unit: Yuan
Item Ending balance Beginning balance
Other receivables 489,332,298.34 353,247,108.96 Total 489,332,298.34 353,247,108.96
(1) Other receivables
- 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
Current accounts of the unit 463,687,299.89 336,733,755.36 Insurance provident fund withheld and paid 26,575,099.02 16,943,666.14 Employee business loans 839,856.33 753,688.50 Others 6,072.32 Total 491,102,255.24 354,437,182.32
- 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) 487,621,208.12 82,994,716.17 1 to 2 years 2,747,090.12 270,738,509.15 2 to 3 years 30,000.00 400,000.00 More than 3 years 703,957.00 303,957.00 3 to 4 years 409,360.00 55,810.00 4 to 5 years 46,450.00
More than 5 years 248,147.00 248,147.00 Total 491,102,255.24 354,437,182.32
- 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
Amount Proportion Amount Provision Ratio Value Amount Proportion Amount Provision Ratio Value
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Example Example
Among them:
Provision for bad debts by group 491,102 1,769,9 489,332 354,437 1,190,0 353,247
100.00% 0.36% 100.00% 0.34%Preparation ,255.24 56.90 ,298.34 ,182.32 73.36 ,108.96 among which:
According to aging characteristics
based on the expectations letter
32,230, 1,769,9 30,460, 20,833, 1,190,0 19,643, using loss combination 6.56% 5.49% 5.88% 5.71%
404.65 56.90 447.75 940.92 73.36 867.56 Other provisions for bad debts
Accounts receivable
Associations within the consolidation scope 458,871 458,871 333,603 333,603
93.44% 94.12%
Square combination ,850.59 ,850.59 ,241.40 ,241.40
491,102 1,769,9 489,332 354,437 1,190,0 353,247Total 100.00% 0.36% 100.00% 0.34%
,255.24 56.90 ,298.34 ,182.32 73.36 ,108.96
Category name of bad debt provision for combination: Other receivables for which bad debt provision is made based on expected credit loss combination based on aging characteristics
Unit: Yuan ending balance
Name
Book balance Bad debt provision Provision ratio
Within 1 year 31,466,247.65 1,258,649.90 4.00% 1-2 years 30,200.00 4,530.00 15.00% 2-3 years 30,000.00 7,500.00 25.00% 3-4 years 409,360.00 204,680.00 50.00% 4-5 years 46,450.00 46,450.00 100.00% More than 5 years 248,147.00 248,147.00 100.00% Total 32,230,404.65 1,769,956.90
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
Credit losses for the period Loss (no credit impairment has occurred) Loss (credit impairment has occurred)
Balance on January 1, 2026 1,190,073.36 1,190,073.36 Balance on January 1, 2026 in the current period
Provision for the current period 579,883.54 579,883.54 Balance on June 30, 2026 1,769,956.90 1,769,956.90
Changes in book balances with significant changes in loss provision during the period
□Applicable Not applicable
- 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 or write-off Others
Provision for bad debts of other receivables 1,190,073.36 579,883.54 1,769,956.90
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Total 1,190,073.36 579,883.54 1,769,956.90
- Other receivables actually written off in the current period
There are no other receivables actually written off in this period.
- Other receivables with the top five closing balances based on debtors
Unit: Yuan as a percentage of other receivables at the end of the period. Bad debt provision at the end of the period. Unit name. Nature of the payment. Ending balance. Aging.
Proportion of the total amount Amount unit one Current account of the unit 212,098,393.30 Within 1 year 43.19%
Unit 2 Current account of the unit 100,000,000.00 Within 1 year 20.36%
Unit 3 Current accounts of the unit 92,910,729.70 0-2 years 18.92%
Unit 4 Current accounts of the unit 53,397,007.49 0-2 years 10.87%
Unit 5 Security deposit and deposit 1,800,740.00 Within 1 year 0.37% 72,029.60 Total 460,206,870.49 93.71% 72,029.60
- Long-term equity investment
Unit: Yuan Ending balance Beginning balance
Project
Book balance Impairment provision Book value Book balance Impairment provision Book value
1,774,664,66 48,159,499.0 1,726,505,16 1,569,474,25 48,159,499.0 1,521,314,75 Investment in subsidiaries
7.59 5 8.54 3.18 5 4.13 Associates and joint ventures 98,236,813.4 98,236,813.4 105,959,118. 105,959,118. Enterprise investment 6 6 82 82
1,872,901,48 48,159,499.0 1,824,741,98 1,675,433,37 48,159,499.0 1,627,273,87Total
1.05 5 2.00 2.00 5 2.95
(1) Investment in subsidiaries
Unit: Yuan Increase or decrease in the current period
Balance at the beginning of the period (account for impairment provision period) Ending balance (account for impairment provision at the end of the period) Invested unit Decrease Provision for decrease
(face value) Initial balance Additional investment Others (face value) Balance
Investment value preparation
Liaoning Haomai Technology Co., Ltd.
5,000,000.00 5,000,000.00
company
Kunshan Haomai Machinery Technology 15,000,000.0
15,000,000.00
Ltd. 0
Global
48,159,499
Manufacturing 48,159,499.05
.05
Services, Inc.
Tianjin Haomai Mold Co., Ltd.
500,000.00 500,000.00
company
Haomai (Thailand) Co., Ltd. 47,553,886.3
47,553,886.30
Company 0
Halma (Europe) Limited 56,121,157.9
56,121,157.99
Company 9
Haomai Mold (India) 91,762,599.0
91,762,599.00
Private Limited Liability Company 0
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
Haomai Mold Indonesia
4,815,440.00 4,815,440.00 Asia Co., Ltd.
Shandong Haomai CNC Machine Tool 975,126,286. 1,600,16 976,726,449.4 Co., Ltd. 01 3.47 8 Haomai Brazil Industrial Equipment 12,653,731.4
12,653,731.43 Trading Co., Ltd. 3
Tyco Industries Singapore has
499,641.56 499,641.56 Co., Ltd.
Guangzhou Haomai Machinery Manufacturing
500,000.00 500,000.00 Co., Ltd.
Hefei Haomai Machinery Technology
500,000.00 500,000.00 Co., Ltd.
Xiamen Haomai Mold Co., Ltd.
500,000.00 500,000.00Company
Guizhou Haomai Machinery Technology
500,000.00 500,000.00 Co., Ltd.
Haomai Machinery Technology (Japan 300,282,011. 50,590,2 350,872,262.7) Co., Ltd. 84 50.94 8 Shandong Haomai Mold Co., Ltd. 10,000,000.0 153,000, 163,000,000.0 Company 0 000.00 0
1,521,314,75 48,159,499 205,190, 1,726,505,168 Total 48,159,499.05 4.13 .05 414.41 .54
(2) Investment in associates and joint ventures
Unit: Yuan
Increases and decreases in the current period
Impairment balance at the end of the period Impairment balance at the beginning of the period Equity method Others Declaration of issuance
Provisions Other accruals (account provision investment unit (book price plus or minus recognized below) Comprehensive cash disbursements, equity impairment at the beginning of the period, face value, closing value) Investment income from investments, dividends or other balance changes in provision value) Balance of capital gains and losses Adjustment of profits
1. Joint ventures
2. Joint ventures
Jinan Haomai Power
20,79 - 27,68
Equity investment funds 105,959, 14,613, 98,236, 1,800 4,533. 7,604
Partnership (Has 118.82 576.00 813.46 .00 48 .12
limited partnership)
20,79 - 27,68
105,959, 14,613, 98,236, subtotal 1,800 4,533. 7,604
118.82 576.00 813.46 .00 48 .12
20,79 - 27,68
105,959, 14,613, 98,236, total 1,800 4,533. 7,604
118.82 576.00 813.46 .00 48 .12
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
- Operating income and operating costs
Unit: Yuan
Item Amount for the current period Amount for the previous period
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
revenue cost revenue cost
Main business 5,039,608,955.66 3,557,846,254.09 4,500,804,207.84 3,042,709,609.76 Other businesses 131,660,538.25 38,661,012.24 110,804,805.05 54,094,295.22 Total 5,171,269,493.91 3,596,507,266.33 4,611,609,012.89 3,096,803,904.98
- 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 679,113.91
Long-term equity investment income calculated using the equity method -4,533.48 99,174.32 Dividend income from other equity instrument investments during the holding period 47,016.65 Investment income generated from forward foreign exchange settlement and sales -103,394.11
Investment income from financial products 2,832,611.08 3,270,694.75 Investment income from entrusted loans 15,492,465.91 17,715,801.81 Total 18,896,263.31 21,132,687.53
20. Supplementary information
- Detailed statement of non-recurring profits and losses for the current period
Applicable □Not applicable
Unit: Yuan
Item Amount Description
Profit and loss from disposal of non-current assets 4,604,477.36
Government subsidies included in the current profit and loss (closely related to the company’s normal operating business)
relevant, in compliance with national policies and regulations, enjoyed in accordance with determined standards, and beneficial to the company 27,330,841.09
Except for government subsidies that have a lasting impact on profits and losses)
In addition to effective hedging business related to the company's normal operating business, non-
Changes in fair value of financial assets and financial liabilities held by financial enterprises 3,003,503.84
Gains and losses and gains and losses arising from the disposal of financial assets and financial liabilities
Profit and loss from external entrusted loans 15,492,465.91
Other non-operating income and expenses other than the above items -3,470,369.56
Less: Impact on income tax 7,968,840.58
Amount of impact on minority shareholders’ equity (after tax) -51,325.80
Total 39,043,403.86 --
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
Full text of the 2026 semi-annual report of Shandong Haomai Machinery Technology Co., Ltd.
- Return on net assets and earnings per share
Weighted average earnings on net assets Earnings per share
Profit during the reporting period
Rate Basic earnings per share (yuan/share) Diluted earnings per share (yuan/share) Net profit attributable to the company’s ordinary shareholders 9.20% 0.9802 0.9802 After deducting non-recurring gains and losses, net profit attributable to the company’s ordinary shareholders
8.88% 0.9464 0.9464 Net profit of common shareholders
- 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
(3) Explanation of the reasons for the 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.
□Applicable Not applicable
Chairman of Shandong Haomai Machinery Technology Co., Ltd.: Shan Jiqiang
August 29, 2026