Wuhan Tianyuan: Summary of 2026 Semi-annual Report
Summary of the 2026 Semi-Annual Report of Wuhan Tianyuan Group Co., Ltd.
Securities code: 301127 Securities abbreviation: Wuhan Tianyuan Announcement number: 2026-077 Bond code: 123213 Bond abbreviation: Tianyuan convertible bonds
Wuhan Tianyuan Group Co., Ltd. 2026 Semi-Annual Report Summary
1. Important tips
This summary of the semi-annual report comes from the full text of the semi-annual report. In order to fully understand the company's operating results, financial status and future development plans, investors should read the full text of the semi-annual report carefully in the media designated by the China Securities Regulatory Commission.
All directors have attended the board meeting where this report was considered.
Non-standard audit opinion tips
□Applicable Not applicable
The profit distribution plan for the reporting period or the plan for converting public reserve funds into share capital reviewed by the board of directors
□Applicable Not applicable
The company plans not to distribute cash dividends, give away bonus shares, or convert public reserve funds into share capital. Preferred stock profit distribution plan for the reporting period approved by the board of directors
□Applicable Not applicable
2. Basic situation of the company
- Company profile
Stock abbreviation Wuhan Tianyuan Stock code 301127 Stock Exchange Shenzhen Stock Exchange
Contact person and contact information Secretary of the Board of Directors Name of securities affairs representative Deng Lingling
Phone 027-82867011
Office address, No. 400, Xingcheng Avenue, Hannan District, Wuhan City, Hubei Province
Tianyuan Tianjiao Building
Email [email protected]
- Main accounting data and financial indicators
Whether the company needs to retroactively adjust or restate previous years’ accounting data
□Yes No
This reporting period The same period last year This reporting period Compared with the same period last year
Summary of the 2026 Semi-Annual Report of Wuhan Tianyuan Group Co., Ltd.
increase or decrease
Operating income (yuan) 881,866,003.03 842,416,114.80 4.68% Net profit attributable to shareholders of listed companies (yuan) 77,022,515.85 130,444,347.88 -40.95% Net profit attributable to shareholders of listed companies excluding non-recurring gains and losses
70,849,270.67 127,481,581.30 -44.42% profit (yuan)
Net cash flow generated from operating activities (yuan) 43,340,399.86 -194,990,149.02 122.23% Basic earnings per share (yuan/share) 0.12 0.20 -40.00% Diluted earnings per share (yuan/share) 0.12 0.20 -40.00% Weighted average return on equity 2.24% 3.94% -1.70% at the end of this reporting period compared with the end of this reporting period at the end of the previous year
Final increase or decrease
Total assets (yuan) 10,510,530,167.28 9,803,793,595.15 7.21% Net assets attributable to shareholders of listed companies (yuan) 3,499,158,845.10 3,384,003,947.42 3.40%
- Number of shareholders and shareholding status of the company
Unit: Shares held in special
Voting rights restored at the end of the reporting period Voting shares
The total number of common shareholders at the end of the reporting period
16,257 Total number of preference shareholders 0 shareholders 0 number
(if any) Total number (e.g.
Yes)
Shareholding status of the top 10 shareholders (excluding shares lent through refinancing)
Holding ratio of shares with limited sales, pledged, marked or frozen
Name of shareholder Nature of shareholder Number of shares held Conditional shares
Example Share Status Quantity
Quantity
Hubei Tianyuan Environmental Protection Group Co., Ltd. Domestic non-national
29.66% 199,942,840 0 Pledge 118,540,000 Company with legal person
China Resources Asset Management (Shenzhen)
State-owned legal person 9.83% 66,283,973 0 Not applicable 0 Limited company
Wuhan Tianyuan Advantage Venture Capital Domestic Non-State
1.96% 13,205,392 0 Not applicable 0 Partnership (limited partnership) Legal person
Hong Kong Securities Clearing Company Limited Overseas legal person 1.69% 11,365,730 0 Not applicable 0 Hongta Innovation Investment Co., Ltd.
State-owned legal person 1.41% 9,502,089 0 Not applicable 0 company
Zhonghuan Environmental Protection Engineering Technology (Wuhan)
1.19% 8,027,459 0 Not applicable 0Han) Co., Ltd. has a legal person
Konka Group Co., Ltd. State-owned legal person 0.99% 6,697,680 0 Frozen 6,697,680
Nature within the territory
Huang Zhaowei 0.87% 5,886,638 4,414,978 Not applicable 0
people
J.P.Morgan
Securities PLC - Owned Overseas legal person 0.70% 4,705,797 0 Not applicable 0 Funds
BNP Paribas – Owned
Overseas legal person 0.62% 4,208,427 0 Not applicable 0 gold
Among the above-mentioned shareholders, Hubei Tianyuan Environmental Protection Group Co., Ltd. and Zhonghuan Environmental Protection Engineering Technology controlled by Mr. Huang Kaiming
(Wuhan) Co., Ltd. There is a concerted action relationship between Mr. Huang Zhaowei and the Wuhan Tianyuan Advantage Venture Capital Partnership (limited partnership with the above-mentioned shareholder affiliation or concerted action) controlled by him. Konka Group Co., Ltd. and China Resources Asset Management (Shenzhen) Co., Ltd. are acting in concert. Apart from this, the company does not know whether there are any existing relationships among the other shareholders mentioned above.
Association relationship or concerted action relationship.
The top 10 common shareholders participate in the margin financing and securities lending industry
None
Description of financial shareholders (if any)
Summary of the 2026 Semi-Annual Report of Wuhan Tianyuan Group 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 has differential voting rights arrangements
□Yes No
- Changes in controlling shareholders or actual controllers
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.
- Total number of preferred shareholders of the company and shareholding status of the top 10 preferred shareholders
The company has no preference shareholders’ shareholdings during the reporting period.
- Status of bonds existing on the date of approval of the semi-annual report
Applicable □Not applicable
(1) Basic information on bonds
Bond balance (10,000
Bond name Bond abbreviation Bond code Issue date Maturity date Interest rate (yuan)
0.3% in the first year, 0.5% in the second year,
July 2023 July 2029 1.0% in the third year, Tianyuan convertible bonds Tianyuan convertible bonds 123213 32,598.41
28th 27th 1.5% in the fourth year, 2.0% in the fifth year,
2.5% in the sixth year.
(2) Financial indicators as of the end of the reporting period
Unit: 10,000 yuan
Items End of this reporting period End of previous year
Asset-liability ratio 64.84% 63.50% Current ratio 1.31 1.58 Quick ratio 1.28 1.55
Items This reporting period The same period last year
EBITDA interest coverage ratio 2.37 4.41 Interest coverage ratio 1.35 3.37 Cash interest coverage ratio 2.08 -2.73 Loan repayment rate 100.00% 100.00%
Summary of the 2026 Semi-Annual Report of Wuhan Tianyuan Group Co., Ltd.
Interest coverage ratio 100.00% 100.00%
3. Important matters
From March 13, 2026 to April 2, 2026, the company’s stock price has met the requirement that the closing price on at least fifteen trading days out of any thirty consecutive trading days is not lower than the current stock conversion price (7.14 yuan/share) 130% (including 130%, or 9.28 yuan/share), according to the "Prospectus of Wuhan Tianyuan Environmental Protection Co., Ltd. GEM Issuance of Convertible Corporate Bonds to Unspecified Objects", the conditional redemption clause of "Tianyuan Convertible Bonds" has been triggered ; The company held the 27th meeting of the sixth board of directors on April 2, 2026, and reviewed and approved the "Proposal on Not Redeeming "Tianyuan Convertible Bonds" in Advance. The board of directors decided not to exercise the right to redeem "Tianyuan Convertible Bonds" in advance this time. The "Tianyuan Convertible Bonds" are redeemed in advance, and within the next six months (i.e., April 3, 2026 to October 2, 2026), if the above conditional redemption terms of the "Tianyuan Convertible Bonds" are triggered again, the company will not exercise the right to early redemption. Recalculating on the first trading day after October 2, 2026, if the "Tianyuan Convertible Bonds" trigger the above conditional redemption clause again, the company's board of directors will hold a separate meeting to decide whether to exercise the early redemption right of the "Tianyuan Convertible Bonds". For specific information, please refer to the "Informative Announcement on the Possibility of the "Tianyuan Convertible Bonds" Meeting the Redemption Conditions" and the "Announcement on Not Redeeming the "Tianyuan Convertible Bonds" in Advance" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on March 26, 2026 and April 2, 2026 respectively.
The company held the 2025 annual shareholders' meeting on May 18, 2026, and reviewed and approved the "Proposal on the 2025 Profit Distribution Plan". The company disclosed the "2025 Annual Equity Distribution Implementation Announcement" on the cninfo.com (www.cninfo.com.cn) on July 3, 2026. The company's 2025 annual equity distribution has been implemented and completed on July 10, 2026. The company's annual equity distribution plan for 2025 is: based on the company's total share capital of 674,075,277 shares on July 9, 2026, excluding 2,967,191 shares that have been repurchased in the special repurchase account, and 671,108,086 shares as the base. , distribute 0.379999 yuan in cash to all shareholders for every 10 shares (tax included, retained to six decimal places, the last digit is directly intercepted without rounding), no capital reserve will be transferred to share capital, no bonus shares will be issued, and the remaining undistributed profits will be carried forward for distribution in subsequent years.
The company held the 28th meeting of the sixth board of directors on April 21, 2026, and held the 2025 annual shareholders' meeting on May 18, 2026, which reviewed and approved the "Proposal on the Company's Compliance with the Conditions for Issuing A Shares to Specific Objects", the "Proposal on the Company's Plan for Issuing A Shares to Specific Objects in 2026", and the "Proposal on the Company's Plan for Issuing A Shares to Specific Objects in 2026" and other relevant proposals. The target of this issuance of stocks to specific targets is no more than 35 specific investors who meet the conditions stipulated by the China Securities Regulatory Commission. The total amount of funds raised does not exceed 1.60 billion yuan (including the original amount). The pricing base date for the issuance of stocks is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing base date. For specific information, please refer to the "Wuhan Tianyuan Group Co., Ltd.'s 2026 Plan for Issuing A Shares to Specific Targets" and other relevant announcements disclosed by the company on the cninfo.com (www.cninfo.com.cn) on April 21, 2026.
Summary of the 2026 Semi-Annual Report of Wuhan Tianyuan Group Co., Ltd.
The company held the 29th meeting of the sixth board of directors on April 24, 2026, and reviewed and approved the "Proposal on Signing an Energy Storage Project Investment Agreement and External Investment". Based on the principle of "equality, mutual benefit, and win-win cooperation", the company and the Management Committee of Fanzhi Economic and Technological Development Zone, Xinzhou City, Shanxi Province have conducted friendly consultations on matters related to the investment and construction of this project, and plan to sign an "Investment Agreement" on matters related to the investment and construction project. According to the Investment Agreement, the total investment in the project is approximately RMB 800 million. The construction content is to build a 200MW/800MWh independent energy storage power station, which is planned to be connected to the Huyuan 220KV substation. For specific information, please refer to the "Announcement on the Signing of Energy Storage Project Investment Agreement and Foreign Investment" disclosed by the company on April 28, 2026 on the cninfo.com (www.cninfo.com.cn).
The company held the 25th meeting of the sixth board of directors on January 9, 2026, and reviewed and approved the "Proposal on Signing the Energy Storage Project Investment Framework Agreement and Foreign Investment", and agreed that the company and the Suichuan County Commerce Bureau will sign the "220KV Suichuan County, Ji'an City, Jiangxi Province 220KV Substation 200MW/400MWh Grid Side Independent Shared Energy Storage Project" on the investment and construction. Substation 200MW/400MWh Grid Side Independent Shared Energy Storage Project Investment Framework Agreement (hereinafter referred to as the "Investment Framework Agreement"). According to the "Investment Framework Agreement", the company needs to obtain project registration from the Development and Reform Department and a letter of agreement to access the proposal issued by the State Grid Corporation of China before June 30, 2026. If it fails to be completed by the expiration date, the "Investment Framework Agreement" will be automatically terminated and invalidated. After the company signed the "Investment Framework Agreement", it actively coordinated and promoted the preliminary preparations for the project. However, because the project site has not been determined yet, the supporting application materials required for the project's development and reform filing were temporarily unavailable. As a result, the company was unable to complete the approval procedures such as the Development and Reform Commission filing within the agreed time. The "Investment Framework Agreement" was automatically terminated and invalidated in accordance with the contract. For specific information, please refer to the "Announcement on the Signing of the Energy Storage Project Investment Framework Agreement and Foreign Investment" and the "Announcement on the Signing of the Energy Storage Project Investment Framework Agreement and the Progress of Foreign Investment" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on January 9, 2026 and July 1, 2026 respectively.