Furui Custom Clothing: 2026 Semi-annual Report

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Stock Abbreviation: Furui Special Equipment Stock Code: 300228 Zhangjiagang Furui Special Equipment Co., Ltd.

2026 Semi-Annual Report

August 2026

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 1 Important Tips, Table of Contents and Definitions

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

Huang Feng, the person in charge of the company, Xiao Hua, the person in charge of accounting work, and Xiao Hua, 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 company currently has no major risks that would affect its normal operations. For details of the risk factors that the company may face in its daily operations, please refer to the relevant risk factors in "10. Risks faced by the company and countermeasures" in "Section 3 Management Discussion and Analysis".

The company plans not to distribute cash dividends, give away bonus shares, or convert public reserve funds into share capital.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Directory

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

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

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

Section 4 Corporate Governance, Environment and Society ........................................ 27

Section 5 Important Matters ........................................................ 31

Section 6 Changes in Shares and Shareholders ........................................ 43

Section 7 Bond-Related Information .................................................. 49

Section 8 Financial Report ........................................................ 50

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Document directory for reference

1. The original 2026 semi-annual report and its summary signed by the company’s legal representative.

2. Financial statements signed and stamped by the company’s legal representative, the person in charge of accounting work, and the person in charge of the company’s accounting department.

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

4. Other relevant information.

5. The place where the above documents are available for inspection: Securities Department of the Company.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Definition

Interpretation item refers to the interpretation content

Furui Special Equipment, the Company, the Company refers to Zhangjiagang Furui Special Equipment Co., Ltd. Furui Cryogenic refers to Zhangjiagang Furui Cryogenic Technology Co., Ltd.

Furui Heavy Equipment refers to Zhangjiagang Furui Heavy Equipment Co., Ltd.

Hong Kong Furui refers to Hong Kong Furui Industrial Investment Co., Ltd.

Furui Intelligent refers to Zhangjiagang Furui New Energy Intelligent System Co., Ltd. Furui Valve refers to Zhangjiagang Furui Valve Co., Ltd.

Shanghai Furui refers to Shanghai Furui Custom Decoration Investment Management Co., Ltd.

Chimelong Equipment refers to Jiangsu Chimelong Petrochemical Equipment Co., Ltd.

Furui New Energy refers to Zhangjiagang Furui New Energy Technology Co., Ltd.

Furui Energy Services refers to Jiangsu Furui Energy Services Co., Ltd.

Ruibo Equipment refers to Zhangjiagang Ruibo Intelligent Equipment Co., Ltd.

FURUISE (SINGAPORE) INVESTMENT HOLDING Singapore investment, SINGAPORE INVESTMENT refers to

PTE.LTD., registered in Singapore, the company's wholly-owned subsidiary FURUISE EUROPE COMPANY, S.L., registered in Barcelona, Spain FURUISE EUROPE refers to

Rona, FURUI ENERGY SERVICE INVESTMENT PTE.LTD., a wholly-owned subsidiary of SINGAPORE INVESTMENT, refers to Singapore Furui Energy Service

Registered in Singapore, a wholly-owned subsidiary of the company

FURUI DO BRASIL LTDA, registered in Brazil, Singapore Furui Furui Brazil refers to

Nengfu wholly-owned subsidiary

Furui Energy PTE.LTD., registered in Singapore, Singapore Furui Energy refers to

Ruinengfu Holdings subsidiary

PT FURUI ENERGY INDONESIA, registered in Indonesia, Indonesia Furui Energy refers to

Singapore-based Jefferies Energy and its Singapore investment subsidiary Jeffery Energy Technology refer to Jefferies Energy Technology (Shanghai) Co., Ltd.

Te'anjie refers to Te'anjie (Jiangsu) New Energy Technology Co., Ltd. Qingyan Remanufacturing refers to Zhangjiagang Qingyan First Remanufacturing Technology Co., Ltd. Qingyan Testing refers to Zhangjiagang Qingyan Testing Technology Co., Ltd.

Capital Auto refers to Zhangjiagang Capital Clean Energy Vehicle Application Co., Ltd. Hanruijing refers to Hubei Hanruijing Automotive Intelligent System Co., Ltd. Ruijing Power refers to Zhangjiagang Ruijing Power Technology Co., Ltd.

Shaanxi Hongcheng refers to Shaanxi Hongcheng New Energy Co., Ltd.

Shanghai Rich Hydrogen refers to Shanghai Furui Hydrogen New Energy Technology Co., Ltd.

Chongqing Furui Energy Services refers to Chongqing Furui Energy Services Co., Ltd.

Sichuan Furui Energy Services refers to Sichuan Furui Energy Services Co., Ltd.

Chongqing Ruichuan refers to Chongqing Ruichuan Energy Service Co., Ltd.

Sichuan Ruikun refers to Sichuan Ruikun Energy Services Co., Ltd.

Sichuan Ruijin refers to Sichuan Ruijin New Energy Technology Service Co., Ltd.

Liquefied natural gas, whose main component is methane, refers to LNG under low temperature and normal pressure conditions.

Exists in liquid form and expands in volume approximately 620 times after vaporization

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 2 Company Profile and Main Financial Indicators

1. Company Profile

Stock abbreviation Furui Custom Equipment Stock Code 300228 Stock Exchange Shenzhen Stock Exchange

The Chinese name of the company: Zhangjiagang Furui Special Equipment Co., Ltd.

The company’s Chinese abbreviation (if any) Furui Special Equipment

The legal representative of the company Huang Feng

2. Contact person and contact information

Secretary of the Board of Directors Name of Securities Affairs Representative Yu Qingqing Zhao Jiahui

Contact address No. 19, Chenxin Road, Yangshe Town, Zhangjiagang City, Jiangsu Province No. 19, Chenxin Road, Yangshe Town, Zhangjiagang City, Jiangsu Province Tel 0512-58982295 0512-58982295 Fax 0512-58982293 0512-58982293 Email [email protected] [email protected]

3. Other situations

1. Company contact information

Whether the company's registered address, company office address and its postal code, company website, e-mail address, etc. have changed during the reporting period?

□Applicable Not applicable

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

2. Information disclosure and preparation location

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

□Applicable Not applicable

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

3. Registration changes

Whether the registration status has changed during the reporting period

□Applicable Not applicable

The company's registration status did not change during the reporting period. For details, please refer to the 2025 annual report.

4. Main accounting data and financial indicators

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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

□Yes No

This reporting period The same period last year This reporting period increased or decreased operating income compared with the same period last year (yuan) 1,432,941,915.99 1,374,779,429.18 4.23% Net profit attributable to shareholders of listed companies

63,821,745.70 84,125,793.86 -24.14% profit (yuan)

Deductions attributable to shareholders of listed companies

Net profit from non-recurring gains and losses 58,271,992.45 81,326,893.97 -28.35% (yuan)

Net cash flow from operating activities

3,764,496.39 -30,181,808.94 112.47% (yuan)

Basic earnings per share (yuan/share) 0.1068 0.1436 -25.63% Diluted earnings per share (yuan/share) 0.1061 0.1419 -25.23% Weighted average return on equity 2.58% 3.78% -1.20%

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) 4,118,071,350.24 4,222,738,310.11 -2.48% Net assets attributable to shareholders of listed companies

2,480,538,613.61 2,475,546,186.76 0.20% output (yuan)

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

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

□Applicable Not applicable

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

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

□Applicable Not applicable

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

6. Non-recurring profit and loss items and amounts

Applicable □Not applicable

Unit: Yuan

Item Amount Description

Gains and losses on disposal of non-current assets (including accrued

1,623,685.96

Offset portion of asset impairment provision)

Government subsidies included in current profits and losses (related to the company’s regular

Closely related to regular business operations and in compliance with national policies

2,273,558.02

stipulates, enjoys according to determined standards, and treats the company

Except for government subsidies that have a lasting impact on profits and losses)

Except for effective transactions related to the company’s normal business operations,

In addition to futures hedging business, non-financial enterprises hold financial

Changes in fair value of assets and financial liabilities 3,304,208.27

Profit and loss and disposal of financial assets and financial liabilities

profit and loss

Gains and losses from debt restructuring 145,681.76

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Other non-operating income other than the above items and

-109,256.33 expenses

Less: Income tax impact 1,168,471.60

Amount of impact on minority shareholders’ equity (after tax) 519,652.83 Total 5,549,753.25 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

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.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 3 Management Discussion and Analysis

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

1. The company’s main business and products

The company specializes in equipment manufacturing for the entire industry chain of natural gas liquefaction and LNG storage, transportation, and terminal applications, and provides one-stop overall technical solutions and operation and maintenance services, as well as heavy equipment manufacturing. According to product application fields and customers' industries, the company's products are mainly divided into LNG application equipment, heavy equipment, LNG processing operation and maintenance services and sales, etc.

The company's main products include liquefaction plant equipment, LNG/L-CNG filling station equipment, cryogenic liquid transport vehicles, cryogenic liquid tank containers, LNG storage tanks, LNG gas supply systems for vehicles (ships), Speed, and series of cryogenic valves; various pressure vessels such as towers, heat exchangers, reactors, and LNG ship tanks in chemical and offshore engineering; LNG processing, operation and maintenance services and sales-related businesses.

2. Company business model

The company adopts an overall business model of group management and control, with each subsidiary company responsible for its main production and business operations.

(1) Procurement model

Normally, the company's procurement of main raw materials is carried out by the corresponding procurement department from qualified suppliers based on the orders and production tasks. The company's purchasing department determines the transaction price through bidding and negotiation based on market conditions.

(2) Production model

The company mainly organizes production according to the sales-based production model, that is, it arranges and organizes production according to the requirements of customer orders. Normally, after the company signs a contract with a customer, the company arranges its production plan by taking into account the order's production complexity, raw material usage, delivery time, and currently executing orders.

(3) Sales model

The company's sales mainly adopt the direct sales model. The company's sales department is responsible for product marketing and customer tracking management. It formulates marketing plans according to the company's business goals and coordinates plan execution. Finally, it obtains customer orders through bidding, negotiation and other methods.

3. Performance drivers

During the reporting period, in the face of fluctuations in international energy prices and increasingly fierce competition in domestic and foreign markets, the company continued to focus on the development of its main business and deeply cultivated the three major business segments of LNG application equipment, oil and gas heavy equipment, LNG processing operation and maintenance services and sales. Sales revenue remained basically stable under the complex and fierce market competition, while profit levels declined due to factors such as market transformation, exchange rate fluctuations, and international logistics. In terms of LNG application equipment, although the rise in domestic natural gas prices has had a certain adverse impact on the economics of natural gas heavy trucks, the sales of domestic natural gas heavy trucks still increased during the reporting period. According to data from the First Commercial Vehicle Network, the cumulative sales of domestic natural gas heavy trucks in the first half of 2026 were 107,900 units, a year-on-year increase of 18%. The company's LNG vehicle gas supply system products also installed a year-on-year volume during the reporting period.

Zhangjiagang Furui Special Equipment Co., Ltd.'s 2026 semi-annual report showed growth and maintained a high market share; while focusing on the domestic market, the company's LNG application equipment products such as LNG marine fuel tanks, various valves, and loading and unloading arms have been very effective in developing overseas markets, and overseas sales revenue has steadily increased. In terms of oil and gas heavy equipment, the overseas market competition environment is becoming increasingly complex and severe, and the tense situation in the Middle East has also had an adverse impact on the company's related product orders and logistics delivery. On the basis of completing existing orders, the company continues to explore, overcome difficulties, strictly control costs, pioneer and innovate, steadily accumulate development momentum, strive to get out of the industry trough as soon as possible, and seek more overseas high-quality project orders. In terms of LNG processing, operation and maintenance services and sales, the market competition of the company's domestic LNG processing service projects has become increasingly fierce, and the uncertainty of project operations has increased. While ensuring the stable production and operation of domestic liquefaction stations, the company has firmly promoted market transformation and gradually regarded overseas markets as the strategic core of future development. During the reporting period, the LNG liquefaction plant equipment for the company's overseas projects was successfully shipped, and the development of overseas markets has achieved phased progress and a good start. In the future, the company will continue to promote the established strategy of "whole industry chain + globalization" and strive to overcome difficulties and achieve simultaneous growth in scale and efficiency.

2. Analysis of core competitiveness

1. Technological innovation and R&D advantages

Technological innovation and new product development are the core of the company's development strategy. The company continues to optimize its talent mechanism and attaches great importance to technology inheritance and training. During the reporting period, the company continued to carry out upgrading, transformation and research and development of existing products, enhancing the technical barriers and market competitiveness of the company's products.

During the reporting period, the company invested RMB 44,164,476.12 in R&D, accounting for 3.08% of operating income. As of the end of the reporting period, the company and its subsidiaries had 415 authorized patents, including 101 invention patents, 310 utility model patents and 4 appearance patents. The company and its subsidiaries applied for and accepted 23 patents in the first half of 2026, including 5 invention patents and 18 utility model patents. The specific details are as follows:

Serial number Patent name Application number Type Application date 1 A vaporizer for vehicle LNG gas supply system 202620017472.6 Utility model January 8, 2026 Biogas liquefaction with anti-ice blocking, condensation and decarbonization mechanism

2 202610057985.4 Invention January 16, 2026 System and a biogas liquefaction method

3 LNG filling and saturation adjustment device 202620094677.4 Utility model January 23, 2026 A valve trim for flow adjustment and a flow rate

4 202620124847.9 Utility model January 29, 2026 Regulating valve

5 A supercritical hydrogen energy storage system 202610204932.0 Invention February 12, 2026 6 Supercritical hydrogen energy storage system 202620210376.3 Utility model February 12, 2026 7 An electric towable liquid nitrogen fire extinguishing and explosion suppression device 202620260831.0 Utility model March 4, 2026 8 Liquid nitrogen jet fire extinguishing robot 202620260826.X Utility model March 4, 2026

9 A liquid nitrogen jet fire extinguishing robot 202610258429.3 Invention March 4, 2026

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report 10 A propane-propylene separation tower 202620368049.0 Utility model March 24, 2026 11 A hydrogenation reactor 202620368048.6 Utility model March 24, 2026

New side ship-connecting triangular ladder with automatic release

12 202620435502.5 Utility model April 2, 2026

structure

13 A portable liquid oxygen oxygen supply bottle 202620585489.1 Utility model April 28, 2026

A marine fuel filling based on hydraulic drive

14 202620622679.6 Utility model May 6, 2026

Equipment

15 A high-temperature heat exchanger 202620622199. May 18, 2026 18 Hydraulically driven wire rope crawling device 202610764308.6 Invention May 29, 2026 19 A manual valve with its own filter 202610799839.9 Invention June 4, 2026 20 A manual valve with its own filter 202620821129.7 Utility model June 4, 2026

A secondary transfer line heat exchanger that facilitates cleaning

21 202610825985.4 Utility model June 9, 2026

A CO2-absorbing bullet with internal stirring

22 202620848777.1 Utility model June 9, 2026 can

Pneumatic quarter-turn valve anti-abnormal closing device

23 202620885186.1 Utility model Purchased on June 15, 2026

2. Complete production license qualifications, complete international certifications, and in line with international standards

The company and its subsidiaries have obtained approvals from national government departments for large-scale high-pressure vessels (A1), fixed pressure vessels and other high-pressure vessels (A2), low-temperature insulated gas cylinders (B4), tank containers (C2) (limited vacuum insulated tanks), pressure pipeline component manufacturing (component combination devices, limited gas pressure regulating devices, limited temperature reduction and reduction equipment). pressure equipment, factory prefabricated pipe sections), pressure pipeline design (industrial pipeline (GC2)) and industrial pipeline installation (GC2), safety accessories manufacturing (safety valve (A), emergency shut-off valve (A, B)), pressure pipeline component manufacturing (pressure pipeline valves (metal valves) (A1, A2, B)) and other production licenses.

The company and its subsidiaries also have the "U" and "U2" stamps of ASME authorization certificates issued by the American Society of Engineers, factory approvals from major classification societies such as DNV, BV, LR, CCS, RINA, and ABS, and extensive export certification experience such as KGS, NK, CUTR, PED, DOSH, MOM, and E-MARK. They also have the world's first marine liquid ammonia fuel tank AIP issued by the Italian classification society RINA (China). certificate, the AIP certificate for marine liquid hydrogen fuel tanks issued by Bureau Veritas (BV), and the CCC China National Compulsory Product Certification Certificate for explosion-proof batch controllers issued by the China Quality Certification Center. The scope of product standards covers most countries and regions around the world. The company can provide customers with products that meet the requirements of designated international standard technical systems, and has obvious competitive advantages in overseas markets. The company has passed IATF16949 quality management system certification,

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report ISO9001:2015 Quality Management System Certification, ISO45001:2018 Occupational Health and Safety Management System Certification and ISO14001:2015 Environmental Management System Certification.

3. Brand and customer resource advantages

As a solution provider for the entire LNG industry chain, the company has been working in various subdivisions of LNG equipment and oil and gas heavy equipment for many years. Through years of technological accumulation and accumulation, it now has first-class product R&D and design capabilities and production and manufacturing process levels. The company's product quality and performance are at the forefront of the industry. In recent years, the company's good development in the energy service sector has also promoted the transformation and upgrading of the company's business, and has established a good brand market image in both the manufacturing and LNG energy service industries.

After years of accumulation, the company and its subsidiaries have established stable business cooperative relationships with major downstream customers. Major customers include heavy truck manufacturing companies FAW Jiefang, Dongfeng Commercial Vehicles, China National Heavy Duty Truck, Shaanxi Automobile Commercial Vehicles, etc., and oil and gas mining companies such as PetroChina, Sinopec, and CNOOC. The company has also entered the world's leading companies in the oil and gas industry such as Shell and Exxon. It has a list of global strategic qualified suppliers such as Fluor, BP, Total, air separation giants Air Liquide, AP, Linde, and general contracting companies such as Fluor of the United States, JGC of Japan, Samsung of South Korea, and Hyundai. The company strives to provide customers with better products and services, help customers create value, and grow together with customers. This has become an important guarantee for the company to improve its operating performance.

4. Synergy advantages of the entire LNG industry chain

In recent years, the company has continuously integrated internal resources and optimized resource allocation, forming good business synergies among products such as LNG liquefaction plants, LNG vehicle gas supply systems, LNG tanks, cryogenic valves, and intelligent control systems. On the one hand, it has avoided repeated technology research and development, and on the other hand, it has achieved internal resource sharing within the company, ensuring timely delivery of products and services, and enhancing the company's overall competitiveness. At the same time, under the unified coordination and leadership of the company's headquarters, relevant subsidiaries work together to form operational synergies. Furui Heavy Equipment, Furui Cryogenics, Furui Energy Services, Furui Valve, Chimelong Equipment, Furui Energy and other subsidiaries work together to deeply promote the company's natural gas liquefaction, LNG storage and transportation, LNG sales, terminal applications and other full industry chain equipment and application scenarios overseas, establish the company's overseas market brand, and reflect the company's advantages in the development of the entire LNG industry chain.

3. Main business analysis

Overview

In the first half of 2026, in the face of the complex and changeable international environment, competition in the domestic and foreign markets of the company's products has become increasingly fierce and market risks have intensified. The company continues to focus on the three main business segments of LNG application equipment, oil and gas heavy equipment, LNG processing operation and maintenance services and sales, deeply explore the market, overcome difficulties, and achieve overall relatively stable operating performance. In the first half of 2026, the company achieved operating income of 1,432.9419 million yuan, a year-on-year increase of 4.23%, and a net profit of 63.8217 million yuan, a year-on-year decrease of 24.14%.

1. Actively stabilize existing business and deepen the transformation and upgrading of LNG application equipment to globalization

During the reporting period, the domestic natural gas heavy truck market as a whole remained stable and making progress. The company's controlled subsidiary Furui Xinneng's LNG vehicle gas supply system products actively maintained customers and increased market development in terms of market sales, maintaining a good domestic market share and achieving certain sales figures.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Model and Economic Benefits; In terms of overseas markets, Furui New Energy focuses on markets such as South America, Africa, and Southeast Asia, relies on diversified channels to obtain new customer information, and customizes and develops related products based on the actual needs of overseas customers to actively promote overseas market development.

During the reporting period, the company's wholly-owned subsidiary Furui Shenleng achieved all-round optimization and innovation in overseas strategies, cooperated with customers on multi-dimensional product projects, provided customers with more product technology options and project planning solutions, optimized equipment leasing, lease-resale and other sales models for products, effectively lowered the threshold for customer project implementation, gained more market customer groups for the company, reduced the risk of market business fluctuations, improved the company's ability to withstand industry development cycles, and brought better economic benefits to the company.

During the reporting period, the company's holding subsidiaries, Chimelong Equipment and Furui Valve, relied on their own technical advantages to continuously improve their internal skills and actively explore overseas markets. Loading skids, unloading arms, and various valve products have achieved good overseas sales performance during the reporting period. The overseas market development of products has begun to show results. In the first half of 2026, Chimelong Equipment and Furui Valve turned losses into profits year-on-year.

2. Overcome competitive pressure in the industry and develop new customers in the field of oil and gas heavy equipment

During the reporting period, companies in the domestic oil and gas heavy equipment industry continued to increase their enthusiasm for going overseas, and companies in the same industry were seeking orders from overseas markets. The company's wholly-owned subsidiary Furui Heavy Equipment faced increasing competitive pressure in the international market. At the same time, affected by the international situation, Furui Heavy Equipment's acceptance and delivery of some orders were affected to a certain extent. The situation of project orders that were completed and delivered during the reporting period was not ideal. In this regard, Furui Heavy Equipment has actively implemented the concept of low-cost operations by introducing a supplier competition mechanism, optimizing process materials, reusing waste materials, outsourcing to self-made, and using energy-saving applications in all aspects, and has achieved effective results in cost control. On the other hand, Furui Heavy Equipment has introduced advanced technologies and intelligent equipment such as robots into the production process to automate the processing procedures, significantly improving operating efficiency, ensuring consistency of operation quality, and overall improving the quality of project completion. By reducing costs, increasing efficiency, and improving quality and innovation, Furui Heavy Equipment is expected to deeply participate in more global high-end high-quality projects in the future and obtain longer-term development opportunities.

3. Learn from domestic project experience and focus on overseas LNG processing, operation and maintenance services to develop overseas markets

During the reporting period, Furui Energy, the company's holding subsidiary, continued to actively coordinate business relationships with the government, owners and partners on domestic natural gas liquefaction service projects, ensuring the safe operation of each liquefaction station project, and focused on work in areas such as stable output, cost control, and energy consumption reduction; at the same time, efforts were made to relocate some projects with insufficient gas capacity, and implemented strategies to maximize resource utilization for existing liquefaction units to maintain the company's benefits. In the increasingly fierce domestic market competition environment, Furui Nengfu focuses on developing the overseas LNG processing, operation and maintenance service market. In the first half of the year, it completed the equipment shipments of two liquefaction plant projects in Brazil. At the same time, it mobilized a group of outstanding front-line personnel and technical personnel to actively participate in the preparation and implementation of overseas projects, and gradually prepared talent reserves and training for overseas market development to provide a solid talent foundation for future overseas market development.

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 1,432,941,915.99 1,374,779,429.18 4.23%

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Operating costs 1,186,636,178.41 1,076,495,804.65 10.23%

Selling expenses 21,748,783.66 19,149,375.36 13.57%

Management expenses 65,960,828.28 74,099,051.08 -10.98%

Mainly due to the company’s exchange financial expenses for the current period 14,498,937.15 -5,141,917.94 381.98%

Caused by large losses

Mainly due to the income tax payable by the company in the current period 13,192,798.55 39,784,437.83 -66.84%

Due to reduction in income tax

R&D investment 44,164,476.12 41,199,055.03 7.20%

It is mainly the cash generated by the company’s operating activities in the current period.

3,764,496.39 -30,181,808.94 112.47% of net bank margin and tax flow

caused by reduction

Mainly due to cash generated by the company’s current period’s construction and investment activities. Fixed assets and intangible assets -22,947,864.09 -48,245,003.83 52.43%

The decrease in net flows and cash paid for other long-term assets was mainly due to the cash generated by the company’s financing activities in the current period.

-171,184,220.28 -102,383,777.99 -67.20% Net decrease in cash flow received from borrowings

caused by

Cash and cash equivalents, net

-194,989,866.14 -176,938,750.26 -10.20%

increase

Mainly due to the company’s other income from value-added in the current period 9,863,901.43 3,962,571.31 148.93%

Due to increased tax exemptions

Mainly due to the company’s forward investment income for the current period 2,754,142.96 -628,939.75 537.90%

Income from foreign exchange settlement and sales

Mainly due to the company's current period's credit impairment losses on commercial bills -8,980,868.52 -12,935,707.04 -30.57% The reversal of due bad debt provisions

Mainly due to the impairment loss of the company's guaranteed assets in the current period 1,069,697.45 -139,104.27 -868.99% The reversal of bad debt provisions upon maturity recovery

Mainly due to the increase in the company's income from the disposal of leased assets in the current period 1,623,685.96 488,809.64 232.17%

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.

Products or services accounting for more than 10%

Applicable □Not applicable

Unit: Yuan

Operating income compared to the previous year Operating costs compared to the previous year Gross profit margin compared to the previous year’s operating income Operating costs Gross profit margin

Increase/decrease over the same period of the year Increase/decrease over the same period of the year Increase/decrease over the same period of the year

By product or service

Low temperature storage and transportation application 757,874,485. 626,822,688.

17.29% 26.10% 28.23% -1.38%Equipment 59 49

156,205,589. 121,191,062.

Reinstalling equipment 22.42% -42.23% -32.89% -10.79% 22 69

LNG sales and transportation 416,814,606. 384,505,837.

7.75% -7.74% 2.43% -9.16%Dimension Services 56 40

67,992,448.5 42,302,288.3

Loading and unloading equipment 37.78% 164.10% 105.64% 17.69% 5 8

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

4. Analysis of non-main business

Applicable □Not applicable

Unit: Yuan

Amount Proportion of total profit Explanation of reasons Whether it is sustainable

Mainly for forward settlement and sales

Investment income 2,754,142.96 2.89%

cut income

Gains and losses from changes in fair value 186,107.85 0.20% Income from evaluation of forward foreign exchange settlement and sales

Asset impairment 1,069,697.45 1.12% Warranty deposit recovered upon maturity

Mainly for transactions that do not require payment

Non-operating income 198,383.20 0.21%

Income and compensation income

Non-operating expenses 307,639.53 0.32% Mainly compensation for losses

Mainly bad debts of accounts receivable

Credit impairment -8,980,868.52 -9.43%

loss

5. Analysis of assets and liabilities

1. Major changes in asset composition

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

Increase or decrease in proportion Amount explained for major changes Proportion to total assets Amount Proportion to total assets

891,650,100. 1,102,636,54

Monetary funds 21.65% 26.11% -4.46% 26 5.98

705,481,071. 791,301,267.

Accounts receivable 17.13% 18.74% -1.61% 93 49

14,731,489.5 16,973,063.0

Contract assets 0.36% 0.40% -0.04% 6 3

864,960,131. 736,841,009.

Inventory 21.00% 17.45% 3.55% 72 79

49,096,960.9 49,606,600.1

Long-term equity investment 1.19% 1.17% 0.02% 4 7

866,907,977. 901,759,978.

Fixed assets 21.05% 21.35% -0.30% 69 84

13,064,012.9 26,868,709.1

Construction in progress 0.32% 0.64% -0.32% 7 3

15,538,812.8 27,650,923.8

Right-of-use assets 0.38% 0.65% -0.27% 4 0

15,105,481.4 78,076,902.8

Short-term borrowings 0.37% 1.85% -1.48% 0 6

608,953,998. 476,683,085.

Contract liabilities 14.79% 11.29% 3.50% 59 39

17,500,000.0

Long-term borrowings 0.41% -0.41%

12,701,268.7

Lease liabilities 7,085,157.56 0.17% 0.30% -0.13%

2. Major overseas assets

Applicable □Not applicable

The specific reasons for the formation of the assets, the size of the assets, the location, the operation model, the guaranteed assets, the income status, and whether overseas assets exist.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Contents: Safety ratio to the company’s net assets, major impairment control measures, risk profile

5,343.90

bank account

Hong Kong Furui's external investment RMB 10,000 Hong Kong investment 2.01% No supervision

coins

Delegate finance

3,933.59

Singapore Investment Director, Bank

Overseas investment RMB 10,000 Singapore investment 1.48% No capital Bank account supervision

coins

tube

3. Assets and liabilities measured at fair value

Applicable □Not applicable

Unit: Yuan included in equity

Fair in this period

Accumulated public accrual for the current period Purchases for the current period Sales for the current period

Item Opening amount Change in value Other changes Closing amount Impairment amount Amount due to change in fair value

Profit and loss

move

financial assets

1. Transactional

financial assets

2,034,104 186,107.8 273,574.0 1,946,638 (excluding derivatives

.99 5 3 .81Financing

production)

2,034,104 186,107.8 273,574.0 1,946,638Total of the above

.99 5 3 .81Financial liabilities 0.00 0.00Other changes

None.

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

□Yes No

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

For details, please refer to "31. Assets with restricted ownership or use rights" in "VII. Notes on Consolidated Financial Statement Items" in "Section 8 Financial Report".

6. Investment status analysis

1. Overall situation

Applicable □Not applicable

Investment amount during the reporting period (yuan) Investment amount during the same period last year (yuan) Change range

12,259,620.00 8,760,000.00 39.95%

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Major equity investments obtained during the reporting period

Applicable □Not applicable

Unit: yuan as of

assets

Invested Disclosure Disclosure

Liabilities Current assets The company's main investments Investments Shareholdings Funds Cooperation Investments Products Expected Date Index

Statement date Name of investment company Business method Amount Proportion Source Party Term Type Income Litigation involved (such as (such as profit and loss statement Yes) Yes) Status

situation

New addition New addition

PT

Po Fu Po Fu

FURU

Ruineng Ruineng

I 12,2 -

contract source, contract source has

ENER 59,6 100. Discomfort 163,

Energy Newly added None Energy Actual 0.00 No GY 20.0 00% Used 473.

Management SIP Investment Management Investment

INDO 0 80

Funded from 137.

NESI

Qualified 822

A

gold million yuan

Fu Rui Fu Hong

Energy Ruijing

Shanghai-Technical Contract Trade Contract

60.0 Furui Discomfort Completed 2,85 (on Energy Acquisition 0.00 (on Energy 0.00 No

0% Owned Used into 8,67 Hai) Management Hai) Management

Funding 6.14 Limited Limited

company company

12,2 -

59,6 3,02Total -- -- -- -- -- -- -- -- 0.00 -- -- -- 20.0 2,14

0 9.94

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

□Applicable Not applicable

4. Financial assets measured at fair value

□Applicable Not applicable

5. Usage of raised funds

□Applicable Not applicable

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

6. Entrusted financial management and derivatives investment

(1) Entrusted financial management situation

□Applicable Not applicable

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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(2) Derivatives investment situation

Applicable □Not applicable

1. Derivative investments for the purpose of hedging during the reporting period

Applicable □Not applicable

Unit: 10,000 yuan

Ending investment included in equity

The fair amount for the current period accounts for the cumulative public investment in public derivatives investments during the reporting period during the reporting period

Beginning amount Change in value Ending amount Type of capital reported by the company Amount Change in fair value Purchase amount Amount sold

Profit and loss Net assets at the end of the period

Proportional forward settlement

2,483.41 2,483.41 15.76 0 0 1,788.51 710.66 0.29% foreign exchange

Forward settlement

12,762.11 12,762.11 219.38 0 3,378 12,762.11 3,597.38 1.45% foreign exchange

Foreign exchange options 2,120.93 2,120.93 84.19 0 3,425 710.93 4,919.19 1.98% Foreign exchange options 2,131.02 2,131.02 0 0 4,228.42 2,267.44 4,092 1.65% Total 19,497.47 19,497.47 319.33 0 11,031.42 17,528.99 13,319.23 5.37%

During the reporting period

Hedging

business meeting

planning policies,

Accounting

specific original

None.

then, and

with the previous report

Compared with the reporting period

does it happen

major changes

description

Reporting period actual

International Profit and Loss During the reporting period, fluctuations in foreign exchange rates such as the U.S. dollar caused actual profits from derivative investments.

explanation of the situation

Hedging

Effectively speaking, it can effectively reduce the impact of foreign exchange rate fluctuations on the company's product profits.

Ming

Derivatives investment

Funding comes from existing funds.

source

Reporting period 1. Risk analysis of financial derivatives trading business

Financial derivatives trading can reduce the impact of exchange rate fluctuations on the company when exchange rates fluctuate significantly, but there may also be certain risks: (1) Market risk: Due to large changes in the foreign exchange market, there may be market risks of losses due to price changes in foreign exchange financial derivatives analysis and control caused by fluctuations in market prices such as underlying interest rates and exchange rates.

Description of measures (2) Liquidity risk: the risk of being unable to complete transactions due to insufficient market liquidity.

(Including but (3) Performance risk: Carrying out financial derivatives business involves the risk of default due to failure to perform when the contract expires.

Not limited to the market (4) Legal risks: Changes in relevant laws or violations of relevant legal systems by counterparties may cause the contract to be unable to be executed normally, resulting in market risks and losses to the company.

Liquidity risk 2. Risk control measures taken by the company

Insurance and credit (1) Clarify the principles of financial derivatives transactions: The company does not conduct financial derivatives transactions solely for the purpose of profit. All financial derivatives transaction risks and practices are based on normal production and operations, relying on specific operating businesses, and should be for the purpose of hedging, avoiding and preventing commodity price fluctuation risks, operational risks, exchange rate risks and interest rate risks.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Legal risk (2) System construction: The company has established a "Financial Derivatives Business Management System", which clearly stipulates the approval authority and internal management of financial derivatives trading business, responsible departments and responsible persons, information isolation measures, internal risk reporting systems and risk handling procedures, information disclosure, etc., which can effectively standardize financial derivatives trading behavior and control financial derivatives trading risks.

(3) Product selection: Before conducting financial derivatives transactions, conduct comparative analysis between multiple counterparties and multiple products, and select financial derivatives that are most suitable for the company's business background, strong liquidity, and controllable risks to conduct business.

(4) Counterparty management: Carefully select counterparties engaged in financial derivatives business. The company only conducts financial derivatives transactions with financial institutions such as large commercial banks with legal qualifications to avoid possible legal risks.

(5) Risk plan: Determine the risk response plan and decision-making mechanism in advance. The specific business handling department and the company's finance department will continue to track changes in open market prices or fair values ​​of financial derivatives, timely assess changes in risk exposure in foreign exchange financial derivatives transactions, and report to the general manager of the company regularly. Any abnormal situations will be reported in a timely manner, prompting risks and implementing emergency measures. When the market fluctuates violently or risks increase, the frequency of reporting will be increased to ensure that risk plans are initiated and executed in a timely manner.

(6) Routine inspections: The company’s internal and external audit departments conduct regular or irregular inspections of business-related transaction processes, approval procedures, handling records and accounting information.

(7) Regular disclosure: Complete information disclosure in a timely manner in strict accordance with the relevant regulations of the Shenzhen Stock Exchange. Invested in derivatives

Product report

Market during the period

price or product

fair value

value changes

situation, yes

Derivatives Company Not applicable.

of fair value

The analysis should be

Reveal specific details

method used

and related leave

Assume and parameters

settings

Litigation situations

(If appropriate None.

use)

Derivatives investment

Qualification Approval Director

Board Announcement February 7, 2026

Disclosure date

(if any)

2. Derivative investments for speculative purposes during the reporting period

□Applicable Not applicable

There were no derivative investments for speculative purposes during the reporting period.

7. Sale of major assets and equity

1. Sale of major assets

□Applicable Not applicable

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

2. Sale of major equity interests

Applicable □Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Whether

Calculated as per current period

Equity

Beginning of time

for sale

To give alms,

For the best

Date of sale involved If not yet

city official

Is the stock and transaction based on the transaction a sale of Sigong’s equity?

The equity being sold is the transaction price. The sale price to the public is related to disclosure. Whether the listed party's implementation is implemented, the other party's date (the company's net profit pricing, the date of the stock exchange, the index right, the company's association, have all been yuan), the impact on the profit share principle of the transaction.

Contribution Relationship Department Description

net profit

Reasons for net household

Mr. Run

Profit and company

Amount

(Wan Siji

Proportion

Yuan) Measures Taken by Furui

energy

technology

(on

sea)

limited

company

60% shares

right

(Yes

should recognize

Pay deposit

registered capital

Shanghai

Ben

Fury

Special decoration

million

Investment Jefferies

Yuan,

management energy

Paid

limited technology

2026 Registration

Company (on unrelated year 05 capital negotiation

(company, sea) 0 No related Yes Yes Month 19 0 Pricing

Fuhong Co., Ltd. (in Japanese yen)

Ruijing Company

with 0

Trade 100%

Yuan

(on Equity

price

sea)

transfer

limited

Give it

company

Haifu

Rhett

Installation

Asset management

Reasonable

Limited public service

Division,

40% shares

right

(Yes

should recognize

Pay deposit

registered capital

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Ben

Ten thousand yuan, paid-in registered capital

Yuan) was transferred to Fuhongrui Economic and Trade (Shanghai) Co., Ltd. at a price of 0 Yuan. After the completion of this transfer, Furui Energy Technology (Shanghai) Co., Ltd. will still be the holding company holding 60% of the company's shares.

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 Zhangjiagang Fu

Ruishen Cold Technology 300,000,0 729,742,9 458,985,7 270,479,4 51,642,27 53,273,10 Subsidiary Equipment Manufacturing

Technology Co., Ltd. 00.00 06.78 21.68 14.98 0.45 7.29 Division

Zhangjiagang Fu

-Rui Heavy Equipment 594,000,0 1,088,811 808,452,0 164,871,3 193,734.9 Subsidiary Equipment Manufacturing 1,049,891 Equipment Co., Ltd. 00.00,746.15 30.00 95.19 0

.24 Division

Zhangjiagang Fu Subsidiary Equipment Manufacturing 100,000,0 744,988,0 163,598,7 529,890,6 40,545,50 37,403,85

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Ruixin Energy 00.00 33.37 92.99 43.64 5.83 3.69 Technology Co., Ltd.

company

Jiangsu Changlong

31,250,00 252,384,7 99,156,18 78,395,46 17,580,62 14,913,18 Petrochemical Equipment Subsidiary Equipment Manufacturing

0.00 47.17 8.31 1.92 1.60 3.46 Co., Ltd.

Jiangsu Furui

50,000,00 294,426,2 125,721,5 114,518,0 24,889,80 25,374,03 Energy Services Subsidiary Energy Services

0.00 47.52 44.94 77.79 4.26 0.09Co., Ltd.

Sichuan Ruike

Xinneng Technology 70,000,00 136,378,1 101,916,5 195,052,5 22,954,48 17,133,44

Subsidiaries Energy Services

Service Limited 0.00 81.88 09.34 59.81 4.79 2.94Company

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 PT FURUI ENERGY INDONESIA Newly established None

Description of major holding and joint-stock companies

1. Zhangjiagang Furui Cryogenic Technology Co., Ltd.

Date of establishment: June 2005, with current registered capital of RMB 300 million, it is a wholly-owned subsidiary of the company. The business scope is: cryogenic equipment, power station, petroleum, chemical, natural gas equipment, instrumentation, mechanical equipment and spare parts manufacturing, sales and installation; special vehicles (high vacuum large capacity LNG special tanker, L-CNG mobile car refueling vehicle, L-CNG Special vehicles for emergency gas supply for urban natural gas pipeline network accidents, etc.) and LNG gas supply systems for ships; engaged in the design, manufacturing of gas (oil) machines required for compressed natural gas and liquefied natural gas gas (oil) stations, sales of self-produced products and consulting services; and the import and export business of the above similar products and technologies (excluding distribution business, except for goods and technologies that are restricted by the state for enterprise operation or prohibited from import and export) (production and operation involving licensed production and operations are subject to a license). (Projects that require approval according to law can only carry out business activities after approval by relevant departments)

As of June 30, 2026, Furui Cryogenics' total assets were 729,742,906.78 yuan, net assets were 458,985,721.68 yuan, operating income for the first half of 2026 was 270,479,414.98 yuan, and net profit was 53,273,107.29 yuan. The above financial data are unaudited.

2. Zhangjiagang Furui Heavy Equipment Co., Ltd.

Date of establishment: January 2013, with current registered capital of RMB 594 million, it is a wholly-owned subsidiary of the company. The business scope is: R&D, design, manufacturing and sales of heavy equipment for new energy, air separation, petrochemicals and seawater desalination (operating within the scope of licenses involving pressure vessels); R&D, design, manufacturing and sales of industrial skids and modules; import and export of goods or technologies (except for goods and technologies prohibited by the state or involving administrative approval); port cargo warehousing, terminals and other port facility services. (Projects that require approval according to law can only be carried out with the approval of relevant departments.) Licensed projects: road cargo transportation (excluding dangerous goods) (Projects that need to be approved by law can only be carried out with approval from relevant departments. Specific business projects are subject to the approval results)

As of June 30, 2026, Furui Heavy Equipment's total assets were 1,088,811,746.15 yuan, net assets were 808,452,030.00 yuan, operating income for the first half of 2026 was 164,871,395.19 yuan, and net profit was 193,734.90 yuan. The above financial data are unaudited.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. Zhangjiagang Furui New Energy Technology Co., Ltd.

Date of establishment: April 2013. The current registered capital is RMB 100 million, and the company holds 84.44% of the shares. The business scope is: Licensed projects: special equipment manufacturing; special equipment design; special equipment installation, modification and repair (projects that are subject to approval according to law can only be carried out with the approval of relevant departments, and specific business projects are subject to the approval results) General projects: technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; special equipment sales; general equipment manufacturing (excluding special equipment manufacturing); special equipment manufacturing (excluding licenses) Professional equipment manufacturing); instrumentation manufacturing; instrumentation repair; instrumentation sales; general parts and components manufacturing; goods import and export; technology import and export; import and export agency; pump and vacuum equipment manufacturing; pump and vacuum equipment sales; station hydrogenation and hydrogen storage facility sales; mechanical equipment sales; special equipment repair; mechanical equipment research and development; mechanical equipment parts and components sales (except for projects that require approval according to law, independently carry out business activities with a business license and in accordance with the law)

As of June 30, 2026, Furui New Energy's total assets were 744,988,033.37 yuan, net assets were 163,598,792.99 yuan, operating income for the first half of 2026 was 529,890,643.64 yuan, and net profit was 37,403,853.69 yuan. The above financial data are unaudited.

4. Jiangsu Changlong Petrochemical Equipment Co., Ltd.

Date of establishment: October 2011. The current registered capital is RMB 31.25 million, and the company holds 80% of the shares. The business scope is: design, manufacturing and sales of ordinary petrochemical loading and unloading machinery and equipment; R&D, manufacturing and sales of intelligent port loading and unloading equipment and port machinery; R&D, sales and installation of automated control system equipment and computer software and hardware; technical R&D, technical consulting and related technical services of fluid handling equipment and port machinery and equipment; import and export of goods or technology (except for the import and export of goods and technology prohibited by the state or involving administrative approval). (Projects that are subject to approval according to law can only be carried out with the approval of relevant departments.) Licensed projects: special equipment installation, modification and repair; special equipment manufacturing (projects that are subject to approval according to law can only be carried out with the approval of relevant departments, and specific business projects are subject to the approval results) General projects: metal seal manufacturing; metal seal sales; rubber product manufacturing; plastic product manufacturing; general machinery and equipment installation services; special equipment sales (except for projects that are subject to approval according to law, business activities can be carried out independently with a business license in accordance with the law)

As of June 30, 2026, Chimelong Equipment's total assets were 252,384,747.17 yuan, net assets were 99,156,188.31 yuan, operating income for the first half of 2026 was 78,395,461.92 yuan, and net profit was 14,913,183.46 yuan. The above financial data are unaudited.

5. Jiangsu Furui Energy Services Co., Ltd.

Date of establishment: September 2020. The current registered capital is RMB 50 million, and the company holds 70% of the shares. The business scope is: Licensed projects: technology import and export; cargo import and export; hazardous chemical operations (projects that require approval according to law can only be carried out after approval by relevant departments, and specific business projects are subject to the approval results) General projects: contract energy management; technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; emerging energy technology research and development; engineering management services; information technology consulting services; machinery Equipment research and development; mechanical equipment leasing; mechanical equipment sales; electrical machinery equipment sales; gas compression machinery manufacturing; gas compression machinery sales; gas, liquid separation and purification equipment manufacturing; marine engineering equipment manufacturing; marine engineering equipment sales; safety consulting services; consulting planning services; gas, liquid separation and purification equipment sales; environmental protection special equipment manufacturing; environmental protection special equipment sales; oil refining, chemical production special equipment

Manufacturing of Zhangjiagang Furui Special Equipment Co., Ltd.'s 2026 semi-annual report; sales of special equipment for oil refining and chemical production; sales of chemical products (excluding licensed chemical products); sales of industrial automatic control system devices; sales of refrigeration and air-conditioning equipment; development of key supporting systems for marine engineering (except for projects that require approval in accordance with the law, independently carry out business activities with a business license in accordance with the law)

As of June 30, 2026, Furui Energy Services' total assets were 294,426,247.52 yuan, net assets were 125,721,544.94 yuan, operating income for the first half of 2026 was 114,518,077.79 yuan, and net profit was 25,374,030.09 yuan. The above financial data are unaudited.

6. Sichuan Ruike Xinneng Technology Service Co., Ltd.

Date of establishment: September 2022. The current registered capital is RMB 70 million, with Furui Nengfu holding 55%. The business scope is: general projects: technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; technology intermediary services; manufacturing of gas and liquid separation and purification equipment; sales of gas, liquid separation and purification equipment; sales of petroleum products (excluding hazardous chemicals); environmental emergency management services; contract energy management; sales of chemical products (excluding licensed chemical products); sales of deep-sea oil drilling equipment. (Except for projects that require approval according to law, business activities can be carried out independently with a business license in accordance with the law) Licensed projects: gas operation; construction engineering construction; power generation business, power transmission business, power supply (distribution) business; hazardous chemicals business; labor dispatch service. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects shall be subject to the approval documents or licenses of relevant departments)

As of June 30, 2026, Sichuan Ruike's total assets were 136,378,181.88 yuan, net assets were 101,916,509.34 yuan, operating income for the first half of 2026 was 195,052,559.81 yuan, and net profit was 17,133,442.94 yuan. The above financial data are unaudited.

9. Structured entities controlled by the company

□Applicable Not applicable

10. Risks faced by the company and countermeasures

1. Domestic and foreign market risks

In recent years, deep-seated risks and uncertainties in the global economy have become increasingly prominent. The geopolitical situation is complex, and there is great uncertainty in international trade policies and industry supervision rules. The company's operating performance is inevitably systematically affected by domestic and foreign macroeconomics, policy situations, energy price fluctuations, etc. If international trade frictions further intensify, trade barriers increase, foreign exchange controls, policies and regulations are adjusted, and the momentum for sustained economic growth is insufficient, it will bring certain market risks to the advancement of the company's overseas strategy. On the other hand, as the industry's production capacity continues to expand and domestic and foreign market competition intensifies, market orders and profit margins for the company's main products are squeezed, affecting the company's profitability. If there are adverse changes in downstream market demand, changes in the supply and demand pattern may further intensify the intensity of market competition. The company needs to continue to increase domestic and foreign market development efforts, actively explore new markets on the basis of maintaining existing customers, give full play to the advantages of the entire LNG equipment industry chain and low-cost control capabilities, and enhance the core competitiveness of its products. At the same time, we will pay close attention to the domestic and foreign economic situation and establish a comprehensive international policy and geopolitical risk monitoring system.

The 2026 semi-annual report of Zhangjiagang Furui Special Equipment Co., Ltd. actively responds to changes in the international trade environment, promptly tracks, analyzes and predicts risks, and promptly adjusts the company's business strategies according to changes in the macroeconomic and policy situation.

2. Exchange rate fluctuation risk

In recent years, the international financial market has continued to be turbulent, and exchange rates have fluctuated greatly. The exchange rates between the US dollar, the euro and the RMB, the main settlement currencies of the company's overseas business, fluctuate with changes in the international political, economic environment and international trade policies, and there is a certain degree of uncertainty. There is also a certain period of time from order receipt to delivery and subsequent payment collection. During this period, foreign currency assets will face certain exchange rate risks. In this regard, the company will increase its awareness of exchange rate risk prevention, strengthen research on international trade and exchange rate policies, establish an effective exchange rate risk prevention and management mechanism, strictly follow the requirements of the "Financial Derivatives Business Management System", and optimize the pricing and settlement methods with customers to prevent and resolve the risk of exchange rate fluctuations.

3. Credit management risks of accounts receivable

As the company's business scale continues to increase, due to the characteristics of the company's products, many product orders have the characteristics of large contract amounts, long execution times, and long payment cycles. Changes in the external economic environment may affect customers' ability to pay. Although the company has adopted a more cautious customer credit policy, there is still a certain risk of credit losses on accounts receivable. In this regard, the company must continue to strengthen the risk prevention awareness of accounts receivable, strictly implement the accounts receivable collection and management system, establish accurate and reliable customer credit files, carefully select customers based on customer ratings, improve order quality and strengthen the collection of overdue accounts receivable, and reduce the company's account receivable recovery risks.

4. Overseas investment risks

As the company continues to develop overseas markets and projects, in the process of global strategic layout, it may face challenges caused by various differences with the local language, culture, politics, etc. of the project implementation. Affected by the regulatory regulations, accounting and taxation systems, political and cultural environments used in relevant countries or regions, there are risks such as the investment progress of the company's overseas projects being less than expected, and the investment benefits being less than expected. In this regard, the company will fully conduct market research on overseas projects during the project planning and implementation process, hire a professional team to provide consulting services, comply with the relevant laws and regulations of the project implementation location, reduce risks during project implementation, and continue to build an international management team to ensure the smooth implementation of overseas projects.

11. Registration form for reception of research, communication, interviews and other activities during the reporting period

Applicable □Not applicable

The main topic of discussion

Basic information of the survey: reception time, reception location, reception method, type of reception objects, reception objects, content and information provided.

condition index information

For details, please see the company Yu Ju

China Securities Network

Participating Companies 2025 Chao Information Network Disclosure

Performance Center Juchao Information Network April 2026 Online Platform Annual Online Performance "300228 Rich

(https://ro Others (www.cninfo 20th Exchange Briefing Session Investment Ruite Decoration Investors

adshow.cnsto .com.cn) Relationship Management Information

ck.com)

20260420》

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

12. 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

13. Implementation of the “Double Improvement of Quality and Return” action plan. Whether the company has disclosed an announcement of the “Dual Improvement of Quality and Return” action plan.

□Yes No

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 4 Corporate Governance, Environment and Society

1. Changes in directors and senior managers of the company

□Applicable Not applicable

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

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

□Applicable Not applicable

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

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

Applicable □Not applicable

1. Equity incentives

(1) The company held the fourth meeting of the sixth board of directors and the fourth meeting of the sixth board of supervisors on September 28, 2023, and the company’s sixth extraordinary shareholders’ meeting of 2023 on October 20, 2023, and reviewed and approved the “Proposal on the 2023 Restricted Stock Incentive Plan (Draft)” and its Summary, the “Proposal on the Implementation Assessment Management Measures for the 2023 Restricted Stock Incentive Plan”, "Proposal on Proposing to the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the Company's Equity Incentive Plan". The company plans to grant no more than 35 million Class II restricted shares to incentive targets, of which no more than 28 million shares will be granted for the first time and 7 million shares will be reserved. For the first time, 38 incentive objects will be granted, and the reserved incentive objects will be determined within 12 months after the incentive plan is reviewed and approved by the shareholders’ meeting. The grant price of the first-time restricted stock grant is RMB 3.18 per share. For details, please refer to the "2023 Restricted Stock Incentive Plan (Draft)" announced by the company on September 29, 2023.

(2) From September 29, 2023 to October 8, 2023, the company publicized the names and positions of the first-time incentive recipients within the company. During the publicity period, the Board of Supervisors did not receive any objections related to the first-time grant of incentive recipients under this incentive plan. On October 14, 2023, the company disclosed the "Explanation and Verification Opinions of the Board of Supervisors on the Publicity and Verification Opinions of the List of First-time Granted Incentive Objects under the 2023 Restricted Stock Incentive Plan" (Announcement Number: 2023-058).

(3) The company held the sixth meeting of the sixth board of directors and the sixth meeting of the sixth board of supervisors on October 27, 2023, and reviewed and approved the "Proposal on the First Grant of Restricted Stocks to the Incentive Objects of the 2023 Restricted Stock Incentive Plan". It was agreed to determine October 27, 2023 as the first grant date, and 28 million restricted shares will be granted to 38 incentive targets at a grant price of 3.18 yuan/share. The company's independent directors issued an independent opinion agreeing with this, the lawyer issued a legal opinion, and the board of supervisors verified the list of incentive targets for the first grant of restricted stocks. On October 28, 2023, the company disclosed the "Insider Information Regarding the 2023 Restricted Stock Incentive Plan"

Zhangjiagang Furui Special Equipment Co., Ltd. Self-examination Report on the Purchase and Sale of Company Stocks by Reporters and Incentive Objects in the 2026 Semi-annual Report (Announcement No.: 2023-065), "Verification Opinions of the Board of Supervisors on the List of Incentive Objects First Granted to the Company's 2023 Restricted Stock Incentive Plan" (Announcement No.: 2023-068), "About Reporting to 2023 Announcement on the First Grant of Restricted Stocks to Incentive Objects of the Annual Restricted Stock Incentive Plan (Announcement Number: 2023-069).

(4) The company held the 16th meeting of the sixth board of directors and the 14th meeting of the sixth board of supervisors on October 18, 2024, and reviewed and approved the "Proposal on Adjusting the Initial and Reserved Grant Price of the 2023 Restricted Stock Incentive Plan" and the "Proposal on the Reserved Grant of Restricted Stocks to the Incentive Objects of the 2023 Restricted Stock Incentive Plan." It was agreed to adjust the initial and reserved grant price of the company's 2023 restricted stock incentive plan. The adjusted initial and reserved granted restricted stock price is 3.14 (yuan/share). It was agreed to determine October 18, 2024 as the reserved grant date, and 7 million restricted shares will be granted to 44 incentive targets at a grant price of 3.14 yuan/share. The lawyer issued a legal opinion, and the Board of Supervisors verified the list of incentive targets reserved for granting restricted stocks. For details, please refer to the "Announcement on Adjusting the Initial and Reserved Grant Price of the 2023 Restricted Stock Incentive Plan" announced by the company on October 19, 2024 (Announcement No.: 2024-045), the "Verification Opinions of the Board of Supervisors on the List of Reserved Grant Incentive Objects of the Company's 2023 Restricted Stock Incentive Plan" (Announcement No.: 2024-046), and "About Adjusting the Initial and Reserved Grant Price of the 2023 Restricted Stock Incentive Plan" (Announcement No.: 2024-046). Announcement on the Reserved Grant of Restricted Stocks to Incentive Objects of the Annual Restricted Stock Incentive Plan (Announcement Number: 2024-047).

(5) The company held the 18th meeting of the 6th Board of Directors and the 16th meeting of the 6th Board of Supervisors on November 1, 2024, and reviewed and approved the "Proposal on Voiding the Restricted Stock Part of the 2023 Restricted Stock Incentive Plan that has been granted but has not yet vested" and the "Proposal on the Achievement of the Vesting Conditions of the First vesting Period of the Initial Grant of the 2023 Restricted Stock Incentive Plan." Agree to invalidate the restricted stocks that have been granted but have not vested to 2 resigned personnel among the incentive targets of the 2023 restricted stock incentive plan for the first time, and the individual-level performance appraisal results of 16 incentive targets that do not meet the full vesting conditions will invalidate their corresponding proportions of the restricted stocks that have been granted but cannot be vested in the first vesting period. This time, the restricted stocks that have been granted but have not yet vested are invalidated, totaling 786,800 shares. It was agreed to vest a total of 10,455,200 restricted shares to 36 incentive targets at a grant price of RMB 3.14 per share. The lawyer issued a legal opinion, and the Board of Supervisors verified the vesting list for the first vesting period of the first grant. For details, please refer to the "Announcement on the Canceling of the Restricted Stocks that have been granted but have not yet vested in the 2023 Restricted Stock Incentive Plan" announced by the company on November 2, 2024 (Announcement No.: 2024-054), "The Supervisory Board's Verification Opinions on the Vesting List of the First Vesting Period of the First Granted Part of the Company's 2023 Restricted Stock Incentive Plan" (Announcement No.: 2024-055), "2023 Announcement on the achievement of the vesting conditions for the first vesting period of the first vesting period of the first grant of the 2018 Restricted Stock Incentive Plan (Announcement No.: 2024-056).

(6) The company held the 27th meeting of the sixth session of the Board of Directors on November 10, 2025, and reviewed and approved the "Proposal on Adjusting the Initial and Reserved Grant Price of the 2023 Restricted Stock Incentive Plan", "The Proposal on Voiding Part of the Restricted Stocks that have been granted but not yet vested in the 2023 Restricted Stock Incentive Plan", "2023 Restricted Stock Incentive Plan" Proposal on the achievement of the vesting conditions for the second vesting period of the initial grant portion of the annual restricted stock incentive plan and the first vesting period of the reserved grant portion. It was agreed to adjust the initial and reserved grant price of the company's 2023 restricted stock incentive plan. The adjusted initial and reserved granted restricted stock price is 3.06 (yuan/share). Agree to 2023 restrictions

Zhangjiagang Furui Special Equipment Co., Ltd.'s 2026 Semi-annual Reportable Stock Incentive Plan first-time and reserved grant incentive objects among the incentive objects whose personal-level performance assessment results did not meet the full vesting conditions and one incentive object voluntarily gave up the vesting of the first vesting period rights of the reserved grant part, invalidating the corresponding proportion of the initial and reserved restricted stocks that had been granted but could not be vested, totaling 315,000 shares. It was agreed to vest a total of 11.564 million restricted shares to 68 incentive targets, with the grant price being 3.06 yuan per share. The lawyer issued a legal opinion. For details, please refer to the "Announcement on Adjusting the Initial and Reserved Grant Price of the 2023 Restricted Stock Incentive Plan" (Announcement No.: 2025-048), the "Announcement on the Voiding of Part of the Restricted Stocks that have been granted but have not yet vested in the 2023 Restricted Stock Incentive Plan" (Announcement No.: 2025-049), and the "2023 Restricted Stock Incentive Plan" announced by the company on November 11, 2025. Announcement on the achievement of the vesting conditions for the second vesting period of the first vesting period of the first granted portion of the annual restricted stock incentive plan and the first vesting period of the reserved grant portion (Announcement Number: 2025-050).

2. Implementation of employee stock ownership plan

□Applicable Not applicable

3. Other employee incentives

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

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

5. Social Responsibility

1. Protection of shareholders’ rights and interests

The company has established the corporate governance structure of the shareholders' meeting and the board of directors, formulated relevant rules of procedure, strictly clarified the responsibilities and authorities in decision-making, execution, supervision, etc., and used the binding force of the system to enable the two meetings to perform their respective duties and operate in a standardized manner, forming a scientific and effective division of responsibilities and checks and balances. The company's board of directors has four special committees, namely the Strategy Committee, the Audit Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. It has also formulated corresponding working rules to promote scientific, efficient and correct decision-making by the board of directors and protect the legitimate rights and interests of the company's shareholders. The company strictly complies with the requirements of relevant laws, regulations and normative documents such as the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China", "Guidelines for the Governance of Listed Companies" and other relevant laws, regulations and normative documents, continues to improve the company's governance of the second meeting, and improves the company's standard operation level.

2. Protection of employees’ rights and interests

The company conscientiously implements the "Labor Contract Law", regards talents as the first element to promote enterprise development, organically integrates enterprise development strategies with employees' career planning, protects the rights and interests of employees to the maximum extent, and builds harmonious labor relations. The company pays social insurance for employees including pension, medical care, work-related injury, unemployment, and maternity, purchases commercial accident insurance and housing provident fund for employees, and organizes employee travel to enrich their spare time life. In addition, the company guarantees the welfare benefits enjoyed by employees during pregnancy, childbirth and lactation in accordance with national regulations.

3. Environmentally sustainable development

The company has always been committed to promoting industry progress, actively responded to the country's call for a low-carbon economy, and invested a lot of resources in the research and development of new energy-saving and environmentally friendly products. On the one hand, the company strictly complies with relevant environmental protection regulations and corresponding standards to effectively and comprehensively manage wastewater, waste gas, solid waste, etc., and strengthen recycling; on the other hand, the company actively promotes cleaner production. The company starts from "energy saving, consumption reduction, pollution reduction, and efficiency improvement" to improve resource utilization efficiency and resolutely protect the ecological environment. Since the company's development, while pursuing economic benefits, it has also done its best to fulfill its social responsibilities, promote the coordinated development of the company's progress and society and the environment, realize the positive interaction between the company's economic value and social value, create shared value, and promote the sustainable development of the company and society.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 5 Important Matters

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

□Applicable Not applicable

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

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

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

3. Illegal external guarantees

□Applicable Not applicable

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

4. Appointment and dismissal of accounting firms

Has the semi-annual financial report been audited?

□Yes No

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

5. Explanations of the Board of Directors and the Audit Committee on the accounting firm’s “non-standard audit report” for this reporting period □ Applicable  Not applicable

6. Explanation of the Board of Directors on the “Non-standard Audit Report” of the previous year

□Applicable Not applicable

7. Matters related to bankruptcy and reorganization

□Applicable Not applicable

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

8. Litigation matters

Major litigation and arbitration matters

Applicable □Not applicable

Litigation (Arbitration) Litigation (Arbitration) Litigation (Arbitration) Amount involved Whether a pre-litigation (arbitration) is formed

Trial results and execution of judgment Disclosure date Basic information on disclosure index (10,000 yuan) Liability calculation progress

The impact is not significant 14,198.62 No Litigation or execution Not applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Litigation disclosure bid

other legal action

Total number of lawsuits

Other litigation matters

□Applicable Not applicable

9. Punishment and Rectification

□Applicable Not applicable

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

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

□Applicable Not applicable

11. Major related transactions

1. Related transactions related to daily operations

Applicable □Not applicable

approved

Related sharing can be obtained

Whether the related transaction is related related related related related transaction similar transaction obtained

Related Transaction Amount Exceeds Transaction Disclosure Disclosure Transaction Transaction Transaction Amount Yijin Similar Relationship Pricing Degree Approved Settlement Date Index Party Type Content Price (10,000 Amount Transaction Principle (10,000 Amount Method Yuan) Ratio Market Price

Yuan)

hubei

Henry

Jingqi

Dong Gao

Chezhi Related Market Market 247.9 Bank Market

Position Product No

Can be purchased price 8 settlement price

enterprise

All

Limited public service

Division

hubei

Henry

Jingqi

Dong Gao

Chezhi related market market bank market

Position Product 37.32 No

Can be determined by sales price and settlement price

enterprise

All

Limited public service

Division

Total -- -- 285.3 -- 0 -- -- -- -- --Details of large sales returns None.

Daily correlations that will occur in this period by category

The total amount of transactions carried out is estimated and reported in None.

Actual performance during the period (if any)

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

None.

Big reason (if applicable)

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Related transactions arising from the acquisition and sale of assets or equity □Applicable Not applicable

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

3. Related transactions related to joint external investment

□Applicable Not applicable

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

4. Related credit and debt transactions

□Applicable Not applicable

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

5. Dealings with related financial companies □Applicable Not applicable

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

6. 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.

7. 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

13. 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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

During the reporting period, the company rented out factory buildings and office space to Zhangjiagang Shenwo Seals Manufacturing Co., Ltd. and collected water and electricity bills.

The leasing cost is 219,000 yuan.

Projects that bring profits and losses to the company exceeding 10% of the company's total profit during the reporting period

□Applicable Not applicable

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

2. Major guarantee

Applicable □Not applicable

Unit: 10,000 yuan

External guarantees provided by the company and its subsidiaries (excluding guarantees to subsidiaries)

Guarantee amount Counter guarantee

Is the collateral related to the guarantee? Amount of guarantee actually issued. Actual guarantee. Guarantee type situation. Whether it has been fulfilled.

(For example, the guarantee period, the name of the related party, the announcement disclosure, the date of birth, the insured amount type (if any after the completion of the transaction) Guarantee

Revealed date (yes)

External guarantees approved during the reporting period

Total external guarantee amount 0 Total actual amount incurred 0 (A1) (A2)

Approved at the end of the reporting period

External guarantees at the end of the reporting period

Total external guarantee amount 0 0

Total balance (A4)

(A3)

The company’s guarantees for subsidiaries

Guarantee amount Counter guarantee

Is the collateral related to the guarantee? Amount of guarantee actually issued. Actual guarantee. Guarantee type situation. Whether it has been fulfilled.

(For example, the guarantee period, the name of the related party, the announcement disclosure, the date of birth, the insured amount type (if any after the completion of the transaction) Guarantee

Revealed date (yes)

Zhangjiagang

Fu Ruishen 2025

jointly and severally liable

Cold Technology October 28 3,000 One year No Yes

Any guarantee

Limited Public Day

Division

Zhangjiagang

Fu Ruishen 2025 2026

jointly and severally liable

Cold Technology October 28 3,000 June 09 473.05 One year No Yes

Any guarantee

limited company day day

Division

Zhangjiagang

Fu Ruishen 2025

jointly and severally liable

Cold Technology October 28 3,000 One year No Yes

Any guarantee

Limited Public Day

Division

Zhangjiagang

Fu Ruishen 2025

jointly and severally liable

Cold Technology October 28 3,000 One year No Yes

Any guarantee

Limited Public Day

Division

Zhangjiagang

Fu Ruishen 2026

jointly and severally liable

Cold Technology February 07 3,000 One year No Yes

Any guarantee

Limited Public Day

Division

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Zhangjiagang

Fulishen 2026 2025

Jointly and severally liable Leng Technology February 07 2,000 December 11 41.69 One year No Yes Any company limited by guarantee Day Day

Division

Zhangjiagang

Fu Ruishen 2026

Joint and several liability Leng Technology February 07 3,000 One year No Yes Liability Company Limited by Guarantee Date

Division

Zhangjiagang

Fulishen 2026 2026

Joint and Several Liability Leng Technology February 07 6,000 January 08 573.34 One year No Yes Any company limited by guarantee Day Day

Division

Zhangjiagang

Fulishen 2026 2024

5,655.2 Joint and several liability Cold Technology April 11 11,700 August 30 One year No Yes 7 Any company limited by guarantee Day Day

Division

Zhangjiagang

Fu Ruishen 2026

Joint and several liability Leng Technology April 11 4,000 One year No Yes Liability Company Limited by Guarantee Date

Division

Zhangjiagang

Furui Chong 2025 2026

Joint liability equipment October 28 2,000 January 15 270.1 One year No Yes Limited liability company Day Day

Division

Zhangjiagang

Furui heavy 2025

Joint and several liability equipment October 28 10,000 One year No Yes Guarantee limited company Date

Division

Su

(2023 Zhangjiagang

Jointly and severally liable) Zhang Jiafu Ruizhong 2025 2026

Responsibility Hong Kong City Non-standard Equipment October 28 8,000 January 23 409.5 One Year No Yes Guarantee, Mortgage Property Rights Limited Company Day Day

Adis

8212225

Zhangjiagang

Furui Chong 2025 2026

Joint liability equipment October 28 3,000 June 08 79 One year No Yes Limited liability company Day Day

Division

Zhangjiagang

Furui Chong 2026 2023

Joint liability equipment February 07 12,000 October 25 4,446 One year No Yes Limited liability company Day Day

Division

Zhangjiagang

2026

Furui Heavy Industry Co., Ltd. Joint and Several Liability February 07 3,000 One Year No Yes Type Equipment Liability Guarantee Date

limited company

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Division

Zhangjiagang

Furui heavy 2026

jointly and severally liable

Type equipment February 07 2,000 One year No Yes

Any guarantee

Limited Public Day

Division

Zhangjiagang

Furui Chong 2026 2024

1,133.4 Joint liability

Type equipment February 07 5,500 September 12 One year No Yes

9 any guarantee

limited company day day

Division

Zhangjiagang

Furui Chong 2026 2022

10,039. Joint liability

Type equipment April 11 18,000 July 07 One year No Yes

06 Ren Guaranty

limited company day day

Division

Zhangjiagang

Furui Chong 2026 2026

1,552.6 Joint and several liability

Type equipment April 11 10,000 January 15 One year No Yes

5 guarantees

limited company day day

Division

Furui Neng Jiangsu Fu serves the rest

2025

Rui Energy Jointly and Severally Liable Minority Shareholder

October 28 1,000 One year No Yes The service is guaranteed to the company

day

Ltd. provides counter guarantee

Furui Neng Jiangsu Fu serves the rest

2025

Rui Energy Jointly and Severally Liable Minority Shareholder

October 28 1,000 One year No Yes The service is guaranteed to the company

day

Ltd. provides counter guarantee

Furui Neng Jiangsu Fu serves the rest

2026

Rui Energy Jointly and Severally Liable Minority Shareholder

February 07 1,000 One year No Yes The service is guaranteed to the company

day

Ltd. provides counter guarantee

Furui Neng Jiangsu Fu serves the rest

2026

Rui Energy Jointly and Severally Liable Minority Shareholder

February 07 4,500 One year No Yes The service is guaranteed to the company

day

Ltd. provides counter guarantee

Furui Neng Jiangsu Fu serves the rest

2026 2026

Rui Energy Jointly and Severally Liable Minority Shareholder

April 11 1,000 June 30 3 One year No Yes The service is guaranteed to the company

day day

Ltd. provides counter guarantee

Furui Neng Jiangsu Fu serves the rest

2026

Rui Energy Jointly and Severally Liable Minority Shareholder

April 11 800 One year No Yes The service is guaranteed to the company

day

Co., Ltd. provides anti-

guarantee

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Su

(2023 Furui Valve Zhangjiagang jointly and severally liable) The rest of the Zhangjiagang family

2025 2026

Furui Valve is responsible for the Hong Kong market and is not a minority shareholder.

October 28 1,000 January 20 500 One year No Yes Limited movable property rights to the company

day day

The company pledged to provide counter-guarantee number 8212225

Furui Valve Zhangjiagang Door Rest

2025 2024

Furui Valve, jointly and severally liable, minority shareholder

October 28 1,000 August 02 10.32 One year No Yes Gate Co., Ltd. Any guarantee to the company

day day

The company provides counter guarantee

Furui Valve Zhangjiagang Door Rest

2026 2025

Furui Valve, jointly and severally liable, minority shareholder

February 07 1,000 August 10 80.18 One year No Yes Gate Co., Ltd. Any guarantee to the company

day day

The company provides counter guarantee

Furui Valve Zhangjiagang Door Rest

2026 2026

Furui Valve, jointly and severally liable, minority shareholder

April 11 1,000 February 01 31.11 One year No Yes Gate Co., Ltd. Any guarantee to the company

day day

The company provides counter guarantee

Furui Valve Zhangjiagang Door Rest

2026

Furui Valve, jointly and severally liable, minority shareholder

April 11 800 One year No Yes Gate Limited Any guarantee to the company

day

The company provides counter guarantee

Changlong installs Jiangsu Chang and prepares the rest

2025 2026

Longpec, jointly and severally liable, minority shareholder

August 19 3,000 January 05 688.65 One year No Yes, the equipment has any guarantee. To the company

day day

Co., Ltd. provides counter guarantee Su

(2023 Changlong Installation Jiangsu Changsha Co., Ltd. is jointly and jointly responsible) The Zhang family prepares the rest

2025 2026

Lon Petrochemical is responsible for the Hong Kong market and is not a minority shareholder

October 28 800 January 20 100 One year No Yes, the equipment has movable property rights and is required to be paid to the company

day day

Co., Ltd. pledged to provide counter-guarantee number 8212225

Changlong installs Jiangsu Chang and prepares the rest

2025

Longpec, jointly and severally liable, minority shareholder

October 28 1,000 One year No Yes The equipment has any guarantee to the company

day

Ltd. provides counter guarantee

Changlong costume Jiangsu Chang

2026 2023 Prepare for Helong Petrochemical Joint and Several Liability

February 07 5,000 December 25 3,698 Minority shareholders One year No Yes The equipment has any guarantee

Japan Japan Co., Ltd.

Provide anti-Zhangjiagang Furui Special Equipment Co., Ltd. 2026 semi-annual report

Guaranteed Changlong installation in Jiangsu and preparation for the rest of 2026

Lon Petrochemical Jointly and severally liable Minority shareholders February 07 3,000 One year No Yes, the equipment has a liability guarantee. Report to the company

Co., Ltd. provides counter guarantee to Jiangsu Changlong Equipment Co., Ltd. for the remainder of 2026 2026

Lon Petrochemical Jointly and severally liable Minority shareholders April 11 1,000 June 05 45.49 One year No Yes Equipment has liability guarantee Reported to the company on day

Co., Ltd. provides counter guarantee to Jiangsu Changlong Equipment Co., Ltd. for the rest of 2026

Lon Petrochemical Jointly and severally liable Minority shareholders April 11 2,000 One year No Yes, the equipment has any guarantee. Report to the company

Co., Ltd. provides counter guarantee to Furui New Zhangjiagang

Can other Furui new 2025

Jointly and severally liable Small shareholder Energy Science and Technology Co., Ltd. October 28 5,000 One year No Yes Any guarantee Xiang Company Technology Co., Ltd. Day

Provide anti-corporate

Guaranteed Furui New Zhangjiagang

Can other Furui new 2025

Jointly and severally liable Small shareholder Energy Science and Technology Co., Ltd. October 28 2,000 One year No Yes Any guarantee Xiang Company Technology Co., Ltd. Day

Provide anti-corporate

Guaranteed Furui New Zhangjiagang

Can other Furuixin 2025 2026

Jointly and severally liable Small shareholder Energy Technology October 28 3,000 March 23 6 One year No Yes Any guarantee Xiang Company Technology Co., Ltd. Day Day

Provide anti-corporate

Guaranteed Furui New Zhangjiagang

Can other Furui new 2026

Jointly and severally liable Small shareholder Energy Technology February 07 2,000 One year No Yes Any guarantee Xiang Company Technology Co., Ltd. Day

Provide anti-corporate

Guaranteed Furui New Zhangjiagang

Can other Furuixin 2026 2026

Joint and several liability Small shareholder Energy Science and Technology Co., Ltd. April 11 1,000 June 30 3 One year No Yes Any guarantee Xiang Company Technology Co., Ltd. Day Day

Provide anti-corporate

Guaranteed Furui New Zhangjiagang

Can other Furui new 2026

Jointly and severally liable Small shareholder Energy Science and Technology Co., Ltd. April 11 2,000 One year No Yes Any guarantee Xiang Company Technology Co., Ltd.

Provide anti-corporate

Guarantee Zhangjiagang 2026 Joint and several liability Furui Neng 20,000 One year No Yes Furui Shen April 11 Guarantee Serving the rest

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Leng Technology Japan's minority shareholder Co., Ltd. provides anti-FURUI-guarantee SIXTEE to Furui and Jiangsu Furui.

ENGINEE

RING

PTE.LTD

.,

FURUI

DO

BRASIL

LTDA

FURUI-

SIXTEE

2025 2025

ENGINEE 1,748.1 Jointly and severally liable

April 26 29,200 June 18 Not applicable No Yes RING 3 Any guarantee

day day

PTE.LTD

.

Approval of subsidiaries during the reporting period

The total amount of the company's guarantees is 126,300. The total actual amount of guarantees is 4,734.89 (B1). Total (B2)

Approved at the end of the reporting period

Guarantee limit for subsidiaries 209,300 Total guarantee balance 31,587.03 Total (B3) (B4)

Guarantees provided by subsidiaries to subsidiaries

Guarantee amount Counter guarantee

Is the collateral related to the guarantee? Amount of guarantee actually issued. Actual guarantee. Guarantee type situation. Whether it has been fulfilled.

(For example, the guarantee period, the name of the related party, the announcement disclosure, the date of birth, the insured amount type (if any after the completion of the transaction) Guarantee

Revealed date (yes)

Approval of subsidiaries during the reporting period

The company’s total guarantee amount is 0. The actual guarantee amount is 0 (C1). (C2)

Approved at the end of the reporting period

Guarantee limit for subsidiaries 0 Total guarantee balance 0 Total (C3) (C4)

The total amount of company guarantees (i.e. the total of the first three major items)

Approval of guarantees during the reporting period Actual guarantees during the reporting period

Total quota 126,300 Total amount incurred 4,734.89 (A1+B1+C1) (A2+B2+C2)

All guarantees approved at the end of the reporting period

Total guarantee limit 209,300 Total balance 31,587.03 (A3+B3+C3) (A4+B4+C4)

The total guarantee balance (i.e. A4+B4+C4) accounts for the company’s net capital

12.73% production ratio

Among them:

Provide guarantees for shareholders, actual controllers and their related parties

The balance (D)

Directly or indirectly responsible for those whose asset-liability ratio exceeds 70% 2,378.74

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Debt guarantee balance provided by the insured party (E)

The amount of the total guarantee exceeding 50% of the net assets (F) 0 The total amount of the above three guarantees (D+E+F) 2,378.74 For unexpired guarantee contracts, guarantee liabilities occurred during the reporting period

There may be any evidence indicating the possibility of being jointly and severally liable for repayment. None.

Description of the situation (if any)

Explanation of providing external guarantees in violation of prescribed procedures (such as

None.

Yes)

Specific instructions for using composite guarantees

3. Major contracts for daily operations

Unit: yuan with significant impact

Contract performance Whether there is a contract? Recognition in the current period Recognition cumulatively

Conclusion of the contract, total contract amount, contract performance, various terms of accounts receivable, sales revenue of the company whose name cannot be included in the contract, sales revenue of

The name of the counterparty, the progress of the amount, the status of the payment, whether the package has been issued, the re-weighing of the performance, the amount of the deposit, the amount of the deposit.

Big risk of major changes

ization

4. Other major contracts

□Applicable Not applicable

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

13. Description of other major matters

Applicable □Not applicable

1. The company held the 28th meeting of the sixth board of directors on February 6, 2026, and reviewed and approved the "Proposal on Continuing to Carry out Financial Derivatives Trading Business". In view that the authorization period of the previous approval is about to expire, based on the actual situation of the company's current production and operation, and on the premise of fully ensuring the capital needs of the company and its subsidiaries for daily operations, not affecting their normal operating activities and effectively controlling risks, the company will continue to carry out financial derivatives trading business with a quota of RMB 800 million (or equivalent foreign currency). The above quota is within the approval authority of the company's board of directors and will be valid from the date of approval at the 28th meeting of the company's sixth board of directors 12 It is valid within 1 month, and the above investment amount can be used on a rolling basis during the validity period. For details, please refer to the "Announcement on the Continuation of Financial Derivatives Trading Business" announced by the company on February 7, 2026 (Announcement No.: 2026-002).

2. The company held the 29th meeting of the sixth board of directors on April 10, 2026, and the company’s 2025 annual shareholders’ meeting on May 8, 2026, at which the “2025 Profit Distribution Plan” was reviewed and approved. In 2025, based on the total share capital of 597,425,549 shares, the company will distribute a cash dividend of 1.20 yuan (tax included) to all shareholders for every 10 shares; no conversion will be made; no shares will be given out. For details, please refer to the "Announcement on the Profit Distribution Plan for 2025" announced by the company on April 11, 2026 (Announcement No.: 2026-008). company

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report The 2025 dividend payment matters have been completed on May 19, 2026. For details, please refer to the "2025 Annual Dividend and Dividend Implementation Announcement" announced by the company on May 12, 2026 (Announcement No.: 2026-020).

3. The company held the seventh meeting of the fourth employee representative conference on June 10, 2026, and on June 17, 2026 The 31st meeting of the sixth board of directors was held on July 6, 2026, and the second extraordinary shareholders meeting of 2026 and the first meeting of the seventh board of directors were held on July 6, 2026. The "Proposal on the Reelection and Election of Non-Independent Directors of the Company's Seventh Board of Directors", the "Proposal on the Reelection and Election of Independent Directors of the Company's Seventh Board of Directors", the "Proposal on the Election of the Chairman and Vice Chairman of the Seventh Board of Directors", the "Proposal on the Appointment of Special Committee Members of the Seventh Board of Directors" and the "Proposal on the Appointment of Senior Management Personnel and Securities Affairs Representatives" were reviewed and approved. The company's seventh board of directors consists of non-independent directors Mr. Huang Feng (Chairman), Mr. Li Xin (Vice Chairman), Mr. Jiang Yan, independent directors Ms. Guo Jingjuan, Mr. James Ruan, Mr. Xu Jingdong and employee representative director Mr. Chen Liang. The term will be three years from the date of the election of the company's second extraordinary shareholders' meeting in 2026. The seventh session of the company's board of directors has established four special committees: the nomination committee, the audit committee, the strategy committee, and the remuneration and assessment committee. The terms of office are from the date of review and approval at the first meeting of the seventh session of the board of directors to the expiration date of the seventh session of the board of directors. The company has appointed Mr. Huang Feng (General Manager), Mr. Jiang Yan (Deputy General Manager), Ms. Xiao Hua (Financial Director), and Mr. Yu Qingqing (Secretary of the Board of Directors) as senior management personnel of the company. For details, please refer to the "Announcement on the General Election of the Board of Directors" (Announcement No.: 2026-022), the "Announcement on the Company's Election of Employee Representative Directors" (Announcement No.: 2026-023) and the "Announcement on the Election of Employee Representative Directors" (Announcement No.: 2026-023) announced by the company on June 18, 2026. The "Announcement on the Completion of the General Election of the Board of Directors and the Appointment of the Company's Senior Management and Securities Affairs Representatives" was announced on the same day (Announcement No.: 2026-027).

14. Major events of the company’s subsidiaries

Applicable □Not applicable

1. During the reporting period, upon review and approval by the company’s investment decision-making committee, the company’s controlling subsidiary Furui Energy PTE.LTD. (hereinafter referred to as “Singapore Furui Energy”) and the company’s wholly-owned subsidiary FURUISE (SINGAPORE) INVESTMENT HOLDING PTE.LTD. (hereinafter referred to as “Singapore Investment”) invested US$1.8 million to establish a joint venture PT FURUI ENERGY INDONESIA, the joint venture company has a registered capital of US$1.8 million. Singapore-based Furui Energy invested US$1.782 million, holding 99% of the shares, and Singapore Investment invested US$18,000, holding 1% of the shares. As of the disclosure date of this report, the joint venture has been established.

2. During the reporting period, upon review and approval by the company’s investment decision-making committee, the company’s controlling subsidiary Furui Energy PTE.LTD. transferred 60% of its wholly-owned subsidiary Furui Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Furui Energy Technology”) (corresponding to a subscribed registered capital of 6 million yuan, and a paid-in registered capital of 0 yuan) to the company’s wholly-owned subsidiary Shanghai Furui Custom Equipment Investment Management Co., Ltd. at a price of 0 yuan, and 40% of its equity (corresponding to a subscribed registered capital of 400 yuan) Ten thousand yuan, paid-in registered capital of 0 yuan) was transferred to Fuhongrui Economic and Trade (Shanghai) Co., Ltd. at a price of 0 yuan. After the completion of this transfer, Furui Energy Technology will still be a holding company holding 60% of the company's shares. As of the disclosure date of this report, the above industrial and commercial registration change procedures have been completed.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 6 Share changes and shareholder status

1. Changes in shares

1. Changes in shares

Unit: Before the change in share capital Increase or decrease in this change (+, -) After this change, transfer of reserve fund

Quantity Proportion Issuance of new shares Bonus shares Others Subtotal Quantity Proportion

shares

1. Limited - -

38,521,5 37,043,2

Conditional shares 6.45% 0 0 0 1,478,28 1,478,28 6.20%

00 16

Serves 4 4

1. Country

0 0.00% 0 0 0 0 0 0 0.00% family holdings

2. Country

There is a legal person holding 0 0.00% 0 0 0 0 0 0 0.00% shares

3. Its - -

38,521,5 37,043,2

Other domestic investors hold 6.45% 0 0 0 1,478,28 1,478,28 6.20%

00 16

shares 4 4

its

Medium: Domestic 0 0.00% 0 0 0 0 0 0 0.00% legal person shareholding

Domestic - -

38,521,5 37,043,2

Natural persons hold 6.45% 0 0 0 1,478,28 1,478,28 6.20%

00 16

shares 4 4

4. Outside

0 0.00% 0 0 0 0 0 0 0.00% capital holding

its

Medium: Overseas 0 0.00% 0 0 0 0 0 0 0.00% legal person shareholding

overseas

Natural persons hold 0 0.00% 0 0 0 0 0 0 0.00% shares

2. Unlimited

558,904, 1,478,28 1,478,28 560,382,

Conditional shares 93.55% 0 0 0 93.80%

049 4 4 333

portion

1. People

558,904, 1,478,28 1,478,28 560,382,

RMB Ordinary 93.55% 0 0 0 93.80%

049 4 4 333

shares

2. Environment

0 0.00% 0 0 0 0 0 0 0.00% foreign-invested shares listed in China

3. Environment

Externally listed 0 0.00% 0 0 0 0 0 0 0.00% foreign-invested shares

4. Its 0 0.00% 0 0 0 0 0 0 0.00% Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

him

3. Shares 597,425, 597,425,

100.00% 0 0 0 0 0 100.00%Total 549 549

Reasons for share changes

□Applicable Not applicable

Approval status of share changes

□Applicable Not applicable

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 changes in shares 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

Other content that the company deems necessary or required to be disclosed by securities regulatory authorities

□Applicable Not applicable

2. Changes in restricted shares

Applicable □Not applicable

Unit: Unlocking of selling restrictions in the equity period. Increase in selling restrictions in the current period. Name of shareholder on the date when trading restrictions are to be lifted. Number of restricted shares at the beginning of the period. Number of restricted shares at the end of the period. Reasons for selling restrictions.

Number of shares Number of shares Number of shares locked by senior executives per Huang Feng 34,560,000 1,114,534 0 33,445,466 Shares locked by senior executives

Unlock 25% of executive locked shares every year Li Xin 1,332,750 0 0 1,332,750 Executive locked shares

Unlock 25% of executive locked shares per year Jiang Yan 1,575,000 225,000 0 1,350,000 executive locked shares

Unlock 25% of executive locked shares every year Xiao Hua 525,000 75,000 0 450,000 executive locked shares

Unlock 25% of executive locked shares every year in Qingqing 420,000 60,000 0 360,000 Executive locked shares

Unlock 25% of executive locked shares every year Chen Liang 93,750 0 0 93,750 Executive locked shares

Unlock 25% of the supervisors' resignations originally scheduled to be released in 2020

Chen Yue 15,000 3,750 0 11,250 Shares locked during the term after 6 months of term

Unlock

Total 38,521,500 1,478,284 0 37,043,216 -- --

2. Securities issuance and listing

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. Number of shareholders and shareholding status of the company

Unit: Share

The voting rights held by the special voting report period are restored at the end of the period

The total number of preferred shareholders of ordinary shares at the end of the reporting period

51,225 0 Total number of shareholders 0 shareholders (if any) (see note

Total 8)

(if any)

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

Reporting period: Held: No: Pledged, marked or frozen

reporting period

Name of shareholder, nature of shareholder, shareholding ratio, increase or decrease, sales restriction clause, sales restriction clause

No shareholding

Example of change in the quality of the shares, the status of the shares, the number of shares, the number of shares

Condition Quantity of copies Quantity of copies

Within the territory from 44,593, 33,445, 11,148,

Huang Feng 7.46% Not applicable Not applicable 0.00 Ranren 955.00 466.00 489.00

Domestic from 8,563,9 8,563,9

Wang Chunmei 1.43% Not applicable 0.00 Not applicable 0.00 Random person 13.00 13.00

Domestic from 7,438,0 7,438,0

Bao Yu 1.25% Not applicable 0.00 Not applicable 0.00 Ranren 00.00 00.00

Domestic from 6,527,3 6,527,3

Kang Yuhua 1.09% Not applicable 0.00 Not applicable 0.00 Random person 00.00 00.00

Domestic from 4,160,0 4,160,0

Liu Ting 0.70% Not applicable 0.00 Not applicable 0.00

Ranren 00.00 00.00

Hong Kong

Central clearing and settlement Overseas law 4,049,1 4,049,1

0.68% Not applicable 0.00 Not applicable 0.00 Limited public person 59.00 59.00

Division

China Merchants Bank

bank shares

limited company

Division - Middle

Xinjian Investment 3,735,3 3,735,3

Others 0.63% Not applicable 0.00 Not applicable 0.00 Industry round 00.00 00.00

Change mix

securities

investment base

gold

Domestic from 3,356,2 3,356,2

Yang Tao 0.56% Not applicable 0.00 Not applicable 0.00

Ranren 53.00 53.00

Zhangjiagang

Jincheng

Venture capital investment State-owned law 3,200,0 3,200,0

0.54% Not applicable 0.00 Not applicable 0.00 Asset Management Person 00.00 00.00

limited company

Division

Domestic from 3,100,0 3,100,0

Wang Wei 0.52% Not applicable 0.00 Not applicable 0.00

Ranren 00.00 00.00

strategic investor or general

The legal person's profit due to the placement of new shares

For the top 10 shareholders, none.

condition (if any) (see note

3)

The above-mentioned shareholder related relationships: There is no related relationship or concerted action relationship between shareholder Huang Feng and other shareholders. The company does not know whether there is any related relationship between him and other shareholders.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

or description of concerted action or concerted action relationship.

The above shareholders are involved in entrustment/

Trusted voting rights, waiver None.

Explanation of voting rights

Among the top 10 shareholders

Special instructions for repurchase accounts: None.

Ming (see Note 11)

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

Share type

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

Type of shares Quantity Huang Feng 11,148,489.00 RMB ordinary shares 11,148,489.00 Wang Chunmei 8,563,913.00 RMB ordinary shares 8,563,913.00 Bao Yu 7,438,000.00 RMB ordinary shares 7,438,000.00 Kang Yuhua 6,527,300.00 RMB ordinary shares 6,527,300.00 Liu Ting 4,160,000.00 RMB ordinary shares 4,160,000.00 Hong Kong Securities Clearing Company Limited

4,049,159.00 RMB ordinary shares 4,049,159.00 Company

China Merchants Bank Co., Ltd.

Company-CITIC Construction Investment Bank

3,735,300.00 RMB ordinary shares 3,735,300.00 Industrial rotation hybrid securities

investment fund

Yang Tao 3,356,253.00 RMB ordinary shares 3,356,253.00 Zhangjiagang Jincheng Chuangrong

3,200,000.00 RMB ordinary shares 3,200,000.00 Investment Management Co., Ltd.

Wang Wei 3,100,000.00 RMB ordinary shares 3,100,000.00 No selling conditions for the top 10

between shareholders, and before

The 10 shareholders with unrestricted shares, Huang Feng, have no relationship or concerted action relationship with other shareholders. The company does not know whether there is any relationship or concerted action relationship between Huang Feng and other shareholders and the top 10 shareholders.

relationship or consistency between

description of action

Company shareholder Wang Chunmei holds 0 shares through ordinary securities accounts and 8,563,913 shares through credit transaction guaranteed securities accounts, totaling the top 10 ordinary shareholders.

A total of 8,563,913 shares are held. The company's shareholder Bao Yu holds 0 shares through an ordinary securities account and participates in margin trading and securities lending business through credit transaction guaranteed securities accounts.

There are 7,438,000 shares, with a total of 7,438,000 shares held. The company's shareholder Kang Yuhua holds 0 shares through an ordinary securities account and writes a letter explaining the shareholder situation (such as

It holds 6,527,300 shares in the trading guarantee securities account, and holds a total of 6,527,300 shares. The company's shareholder Yang Tao has it through ordinary securities accounts) (see note 4)

The account holds 0 shares, and 3,356,253 shares are held through credit transaction guaranteed securities accounts, for a total of 3,356,253 shares.

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

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

Name Position Employment status Shareholding at the beginning of the period Increased shareholding during the current period Decreased shareholding during the current period Shareholding at the end of the period Awarded at the beginning of the period Awarded during the period Awarded at the end of the period

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Number (shares) Number of shares Number of shares Number (shares) Restrictions on restrictions Restrictions on restrictions (shares) (shares) Number of shares Number of shares Number of shares (shares) Volume (shares) Volume (shares)

Chairman Current 44,593,9 44,593,9 1,200,00 1,200,00Huang Feng 0 0 0

General Manager Current 55 55 0 0

1,777,00 1,777,00

Li Xin Vice Chairman Current 0 0 750,000 0 750,000 0 0

Director Current 1,800,00 1,800,00

Jiang Yan 0 0 900,000 0 900,000 Deputy General Manager Current 0 0

employee representatives

Chen Liang Incumbent 125,000 0 0 125,000 125,000 0 125,000

director

Jiang Lin Independent Director Current 0 0 0 0 0 0 0Yuan Lei Independent Director Current 0 0 0 0 0 0 0Guo Jingjuan Independent Director Current 0 0 0 0 0 0 0Xiao Hua Financial Director Current 600,000 0 0 600,000 300,000 0 300,000

Secretary of the Board of Directors

Yu Qingqing Incumbent 480,000 0 0 480,000 240,000 0 240,000 books

49,375,9 49,375,9 3,515,00 3,515,00Total -- -- 0 0 0

55 55 0 0

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.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

6. Relevant information on preference shares □Applicable Not applicable

There were no preferred shares in the company during the reporting period. Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 7 Bond-related situations □Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Section 8 Financial Report

1. Audit report

Has the semi-annual report been audited?

□Yes No

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

2. Financial statements

The unit of statements in the financial notes is: Yuan

1. Consolidated balance sheet

Prepared by: Zhangjiagang Furui Special Equipment Co., Ltd.

June 30, 2026

Unit: Yuan

Item Ending balance Beginning balance

Current assets:

Monetary funds 891,650,100.26 1,102,636,545.98 Settlement reserves

Loan funds

Trading financial assets 1,946,638.81 2,034,104.99 Derivative financial assets

Notes receivable 29,400.00 1,182,060.29 Accounts receivable 705,481,071.93 791,301,267.49 Receivables financing 255,588,333.34 154,238,718.00 Prepayments 108,217,269.85 74,794,431.95 premiums receivable

Reinsurance accounts receivable

Receivable reinsurance contract reserves

Other receivables 14,012,321.29 12,996,262.16 Including: interest receivable

Dividends receivable

Buy financial assets under resale agreements

Inventory 864,960,131.72 736,841,009.79

Among them: data resources

Contract assets 14,731,489.56 16,973,063.03 Assets held for sale

Non-current assets due within one year

Other current assets 34,097,787.03 21,161,708.65 Total current assets 2,890,714,543.79 2,914,159,172.33 Non-current assets:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Grant loans and advances

debt investment

Other debt investments

long-term receivables

Long-term equity investment 49,096,960.94 49,606,600.17 Other equity instrument investments 14,258,258.39 14,258,258.39 Other non-current financial assets

investment real estate

Fixed assets 866,907,977.69 901,759,978.84 Construction in progress 13,064,012.97 26,868,709.13 Productive biological assets

oil and gas assets

Right-of-use assets 15,538,812.84 27,650,923.80 Intangible assets 164,959,294.15 168,861,616.67

Among them: data resources

development expenditure

Among them: data resources

Goodwill 2,256,230.77 2,256,230.77 Long-term deferred expenses 37,410,913.99 42,211,464.07 Deferred income tax assets 53,356,110.98 56,675,312.83 Other non-current assets 10,508,233.73 18,430,043.11 Total non-current assets 1,227,356,806.45 1,308,579,137.78 Total assets 4,118,071,350.24 4,222,738,310.11 Current liabilities:

Short-term borrowings 15,105,481.40 78,076,902.86 Borrowings from the central bank

borrowing funds

Trading financial liabilities

Derivative financial liabilities

Notes payable 105,216,391.50 101,484,627.80 Accounts payable 566,943,505.66 640,024,809.76 Advance payments 10,941,640.42 11,000,575.66 Contract liabilities 608,953,998.59 476,683,085.39 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 26,230,437.61 68,486,270.46 Taxes payable 20,799,319.40 37,062,381.70 Other payables 29,286,680.39 30,957,086.24 Including: interest payable

Dividends payable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Handling fees and commissions payable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within one year 29,910,826.66 21,281,072.73 Other current liabilities 20,515,265.67 46,148,793.85 Total current liabilities 1,433,903,547.30 1,511,205,606.45 Non-current liabilities:

insurance contract reserves

Long-term borrowings 17,500,000.00 Bonds payable

Among them: preferred shares

perpetual bond

Lease liabilities 7,085,157.56 12,701,268.71 Long-term payables

Long-term employee benefits payable

Estimated liabilities

Deferred income 4,986,704.68 5,293,651.73 Deferred income tax liabilities 8,787,138.37 11,184,599.29 Other non-current liabilities

Total non-current liabilities 20,859,000.61 46,679,519.73 Total liabilities 1,454,762,547.91 1,557,885,126.18 Owners’ equity:

Share capital 597,425,549.00 597,425,549.00 Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 1,382,213,552.19 1,373,112,860.37 Less: treasury shares

Other comprehensive income -59,205,870.68 -58,632,935.09Special reserves 45,491,108.35 41,157,117.55 Surplus reserves 68,069,032.27 68,069,032.27General risk reserves

Undistributed profits 446,545,242.48 454,414,562.66 Total owners’ equity attributable to the parent company 2,480,538,613.61 2,475,546,186.76 Minority shareholders’ equity 182,770,188.72 189,306,997.17 Total owners’ equity 2,663,308,802.33 2,664,853,183.93 Total liabilities and owners’ equity 4,118,071,350.24 4,222,738,310.11 Legal representative: Huang Feng Person in charge of accounting work: Xiao Hua Head of accounting department: Xiao Hua

2. Balance sheet of the parent company

Unit: Yuan

Item Ending balance Beginning balance

Current assets:

Monetary funds 118,515,825.56 154,354,311.50 Trading financial assets

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Derivative financial assets

Notes receivable

Accounts receivable 194,960,609.66 117,330,328.20 Accounts receivable financing 401,844.97 Prepayments 4,346,553.89 2,664,966.18 Other receivables 61,959,413.51 62,041,022.87 Including: interest receivable 39,084,508.43 39,193,593.36

Dividends receivable

Inventory 3,908,376.40 3,735,880.39

Among them: data resources

contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 5,899,260.48 6,186,235.39 Total current assets 389,590,039.50 346,714,589.50 Non-current assets:

debt investment

Other debt investments

long-term receivables

Long-term equity investment 1,479,614,478.58 1,407,714,224.12 Other equity instrument investments 13,160,433.35 13,160,433.35 Other non-current financial assets

investment real estate

Fixed assets 276,043,176.98 290,695,325.92 Construction in progress 1,221,592.93 2,553,413.53 Productive biological assets

oil and gas assets

right-of-use assets

Intangible assets 98,710,891.38 100,602,806.80

Among them: data resources

development expenditure

Among them: data resources

goodwill

Long-term deferred expenses 26,214,667.18 28,475,979.23 Deferred income tax assets 203,043.75 233,606.25 Other non-current assets 121,946.90 Total non-current assets 1,895,168,284.15 1,843,557,736.10 Total assets 2,284,758,323.65 2,190,272,325.60 Current liabilities:

short term borrowing

Trading financial liabilities

Derivative financial liabilities

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Notes payable

Accounts payable 20,925,205.96 26,389,164.05 Advance payments 5,316,643.24 5,634,326.85 Contract liabilities 15,943,341.30 15,943,341.30 Employee benefits payable 1,020,577.08 7,088,384.13 Taxes payable 2,072,427.72 2,187,729.17 Other payables 12,289,690.10 12,364,388.10 Including: interest payable

Dividends payable

Liabilities held for sale

Non-current liabilities due within one year

Other current liabilities 2,072,634.50 2,072,634.50 Total current liabilities 59,640,519.90 71,679,968.10 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

Deferred income 812,175.00 934,425.00 Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 812,175.00 934,425.00Total liabilities 60,452,694.90 72,614,393.10Owner’s equity:

Share capital 597,425,549.00 597,425,549.00 Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 1,428,854,665.58 1,418,722,433.61 Less: treasury shares

Other comprehensive income -62,739,566.65 -62,739,566.65Special reserves 5,977,123.23 5,985,168.56 Surplus reserves 68,069,032.27 68,069,032.27Undistributed profits 186,718,825.32 90,195,315.71 Total owners’ equity 2,224,305,628.75 2,117,657,932.50 Total liabilities and owners’ equity 2,284,758,323.65 2,190,272,325.60

3. Consolidated income statement

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Total operating income 1,432,941,915.99 1,374,779,429.18 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Including: operating income 1,432,941,915.99 1,374,779,429.18 interest income

Premiums earned

Fee and commission income

2. Total operating costs 1,344,140,394.44 1,216,674,937.51 Including: operating costs 1,186,636,178.41 1,076,495,804.65 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 11,131,190.82 10,873,569.33 Sales expenses 21,748,783.66 19,149,375.36 Management expenses 65,960,828.28 74,099,051.08 Research and development expenses 44,164,476.12 41,199,055.03Financial expenses 14,498,937.15 -5,141,917.94Including: Interest expenses 1,406,620.07 2,520,296.15

Interest income 2,471,527.55 2,519,945.76 plus: other income 9,863,901.43 3,962,571.31 investment income (losses are filled in with "-"

2,754,142.96 -628,939.75 columns)

Of which: for associates and joint ventures

-509,639.23 -651,114.66Enterprise’s investment income

Measured at amortized cost

Income from derecognition of financial assets

Exchange gains (losses are filled in with "-"

column)

Net exposure hedging gains (losses expressed as “—

"Fill in the column)

Gains from changes in fair value (losses calculated as

186,107.85

Fill in the column with "—" sign)

Credit impairment losses (losses are preceded by “—”

-8,980,868.52 -12,935,707.04 (Fill in the numbers)

Asset impairment losses (losses are represented by “—”

No. 1,069,697.45 -139,104.27 (please fill in the list)

Gains from asset disposals (losses are marked with “—”

No. 1,623,685.96 488,809.64 (please fill in the list)

3. Operating profit (loss should be filled in with “—”

95,318,188.68 148,852,121.56 columns)

Add: Non-operating income 198,383.20 479,975.63 Less: Non-operating expenses 307,639.53 399,536.92

4. Total profit (total loss is marked with “—”

95,208,932.35 148,932,560.27 fill in the column)

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Less: Income tax expenses 13,192,798.55 39,784,437.83

5. Net profit (net loss is filled in with "-"

82,016,133.80 109,148,122.44 columns)

(1) Classification by business continuity

1. Net profit from continuing operations (net loss divided by

82,016,133.80 109,148,122.44 (Fill in “—”)

2. Net profit from discontinued operations (net loss equal to

Fill in the column with "—" sign)

(2) Classification according to ownership ownership

1. Net profit attributable to shareholders of the parent company

63,821,745.70 84,125,793.86 (Net loss is listed with "—")

2. Profit and loss of minority shareholders (net loss is represented by “—

18,194,388.10 25,022,328.58 "Fill in the numbers)

6. Net after-tax amount of other comprehensive income -585,352.87 1,261,038.47 Other comprehensive income attributable to owners of the parent company

-572,935.59 1,261,038.47 net amount after tax

(1) Others that cannot be reclassified into profit or loss

Comprehensive income

1. Remeasure changes in defined benefit plans

Um

2. Others that cannot be transferred to profit or loss under the equity method

Comprehensive income

3. Fair value of other equity instrument investments

change

4. Fair value of the company’s own credit risk

change

5.Others

(2) Other comprehensive items that will be reclassified into profit or loss

-572,935.59 1,261,038.47 combined income

1. Other comprehensive items that can be transferred to profits and losses under the equity method

combined income

2. Changes in fair value of other debt investments

3. Financial assets are reclassified into other comprehensive

Amount of combined income

4. Credit impairment provisions for other debt investments

5. Cash flow hedging reserve

6. Translation differences of foreign currency financial statements -572,935.59 1,261,038.47 7. Others

Other comprehensive income attributable to minority shareholders

-12,417.28

net of tax

7. Total comprehensive income 81,430,780.93 110,409,160.91 Total comprehensive income attributable to owners of the parent company

63,248,810.11 85,386,832.33 amount

Total comprehensive income attributable to minority shareholders 18,181,970.82 25,022,328.58

8. Earnings per share:

(1) Basic earnings per share 0.1068 0.1436

(2) Diluted earnings per share 0.1061 0.1419

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

Legal representative: Huang Feng Person in charge of accounting work: Xiao Hua Head of accounting department: Xiao Hua

4. Income statement of the parent company

Unit: Yuan

Project Half-year 2026 Half-year 2025

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

1. Operating income 20,474,987.44 20,172,376.70 Less: Operating costs 8,392,502.53 9,317,460.52 Taxes and surcharges 3,407,957.13 3,460,563.39 Sales expenses 44,549.29 113,032.96 Management expenses 20,553,535.29 24,609,863.79 Research and development expenses

Financial expenses 42,196.70 121,639.65 Including: interest expenses 126,451.41

Interest income 181,813.28 105,406.88 plus: other income 357,935.97 220,571.14 investment income (losses are filled in with "-"

179,693,782.12 47,637,289.54 columns)

Of which: for associates and joint ventures

115,633.02 -506,127.23 Investment income from the industry

Money measured at amortized cost

Income from derecognition of financial assets

Net exposure hedging gains (losses expressed as “—

"Fill in the column)

Gains from changes in fair value (losses calculated as

Fill in the column with "—" sign)

Credit impairment losses (losses are preceded by “—”

142,180.68 -1,049,450.24 (please fill in the list)

Asset impairment losses (losses are represented by “—”

(Fill in the number)

Gains from asset disposals (losses are marked with “—”

1,631.02

(Fill in the number)

2. Operating profit (loss should be filled in with “—”

168,229,776.29 29,358,226.83 columns)

Add: Non-operating income 16,403.66 300.00 Less: Non-operating expenses 1,041.96 13,274.42

3. Total profit (total loss is marked with “—”

168,245,137.99 29,345,252.41 fill in the column)

Less: Income tax expense 30,562.50 30,562.50

4. Net profit (net loss is filled in with "—"

168,214,575.49 29,314,689.91 columns)

(1) Net profit from continuing operations (net loss divided by

168,214,575.49 29,314,689.91 (Fill in “—”)

(2) Net profit from discontinued operations (net loss equal to

Fill in the column with "—" sign)

5. Net amount of other comprehensive income after tax

(1) Others that cannot be reclassified into profit or loss

Comprehensive income

1. Remeasure changes in defined benefit plans

Um

2. Others that cannot be transferred to profit or loss under the equity method

Comprehensive income

3. Fair value of other equity instrument investments

change

4. Fair value of the company’s own credit risk

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

change

5.Others

(2) Other comprehensive items that will be reclassified into profit or loss

combined income

1. Other comprehensive items that can be transferred to profits and losses under the equity method

combined income

2. Changes in fair value of other debt investments

3. Financial assets are reclassified into other comprehensive

Amount of combined income

4. Credit impairment provisions for other debt investments

5. Cash flow hedging reserve

6. Translation differences of foreign currency financial statements

7.Others

6. Total comprehensive income 168,214,575.49 29,314,689.91

7. Earnings per share:

(1) Basic earnings per share

(2) Diluted earnings per share

5. Consolidated cash flow statement

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Cash flow generated from operating activities:

Cash received from selling goods and providing services 1,271,206,175.22 1,210,979,300.00 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 21,519,822.31 15,652,079.25 Other cash received related to operating activities 200,748,882.95 327,814,924.83 Subtotal of cash inflows from operating activities 1,493,474,880.48 1,554,446,304.08 Cash paid for purchasing goods and receiving services 1,010,462,475.25 957,072,294.05 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 171,786,241.23 163,008,503.65 Various taxes and fees paid 72,842,492.02 93,702,490.90 Cash paid for other operating activities 234,619,175.59 370,844,824.42 Subtotal cash outflow from operating activities 1,489,710,384.09 1,584,628,113.02 Net cash flow generated from operating activities 3,764,496.39 -30,181,808.94

2. Cash flow generated from investing activities:

Recover cash received on investment

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Cash received from investment income 3,611,787.00

Disposal of fixed assets, intangible assets and other long-term

1,520,684.97 59,827.91 Net cash amount from asset recovery

Received from disposal of subsidiaries and other business units

net cash

Other cash received related to investing activities

Subtotal of cash inflows from investing activities 5,132,471.97 59,827.91 Purchase and construction of fixed assets, intangible assets and other long-term assets

28,080,336.06 47,732,581.74 Cash paid for assets

Cash paid for investments

Net increase in mortgage loans

Obtain payment from subsidiaries and other business units

net cash

Payment of other cash related to investing activities 572,250.00 Subtotal cash outflow from investing activities 28,080,336.06 48,304,831.74 Net cash flow generated from investing activities -22,947,864.09 -48,245,003.83

3. Cash flow generated from financing activities:

Cash received from investment 11,695,700.00 4,860,000.00 Including: Income from investment by subsidiaries from minority shareholders

11,695,700.00 4,860,000.00 cash received

Cash received from borrowings 50,847,497.83 118,889,195.00 Cash received from other financing activities

Subtotal of cash inflows from financing activities 62,543,197.83 123,749,195.00 Cash paid to repay debts 114,473,683.18 131,607,195.00

Distribution of dividends, profits or repayment of interest payments

107,168,080.37 81,272,289.25 cash

Including: shares paid by subsidiaries to minority shareholders

34,718,455.77 32,567,250.13 Profit and profit

Cash payments related to other financing activities 12,085,654.56 13,253,488.74 Subtotal cash outflows from financing activities 233,727,418.11 226,132,972.99 Net cash flow generated from financing activities -171,184,220.28 -102,383,777.99

4. The impact of exchange rate changes on cash and cash equivalents

-4,622,278.16 3,871,840.50 impact

5. Net increase in cash and cash equivalents -194,989,866.14 -176,938,750.26 Plus: opening balance of cash and cash equivalents 874,151,625.61 531,279,269.74

6. Balance of cash and cash equivalents at the end of the period 679,161,759.47 354,340,519.48

7. Cash flow statement of the parent company

Unit: Yuan

Project Half-year 2026 Half-year 2025

1. Cash flow generated from operating activities:

Cash received from selling goods and providing services 4,914,004.64 14,112,059.34 Tax refunds received

Other cash received related to operating activities 15,433,990.43 22,783,794.81 Subtotal of cash inflows from operating activities 20,347,995.07 36,895,854.15 Cash paid for purchasing goods and receiving services 11,233,891.39 4,764,147.55 Cash paid to and for employees 8,892,014.53 10,866,881.56 Various taxes and fees paid 4,161,373.69 4,276,260.89 Cash paid for other operating activities 75,180,873.08 43,497,837.03 Subtotal cash outflow from operating activities 99,468,152.69 63,405,127.03 Net cash flow generated from operating activities -79,120,157.62 -26,509,272.88

2. Cash flow generated from investing activities:

Recover cash received on investment

Cash received from investment income 179,578,149.10 47,133,676.09

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Disposal of fixed assets, intangible assets and other long-term

39,161.74

Net cash received from period assets

Received from disposal of subsidiaries and other business units

net cash

Other cash received related to investing activities 127,167.13 20,000,000.00 Subtotal of cash inflows from investing activities 179,744,477.97 67,133,676.09 Purchase and construction of fixed assets, intangible assets and other long-term assets

811,466.41 2,021,279.19 Cash paid for assets

Cash paid for investment 63,956,300.00 2,600,000.00

Obtain payment from subsidiaries and other business units

net cash

Payment of other cash related to investing activities 22,000,000.00 Subtotal cash outflow from investing activities 64,767,766.41 26,621,279.19 Net cash flow generated from investing activities 114,976,711.56 40,512,396.90

3. Cash flow generated from financing activities:

Absorbing cash received from investments

Cash received from borrowing 20,000,000.00

Other cash received related to financing activities

Subtotal of cash inflows from financing activities 20,000,000.00 Cash paid to repay debts 10,000,000.00 Cash paid to distribute dividends, profits or repay interest

71,691,065.88 46,987,368.40 cash

Other cash payments related to financing activities

Subtotal of cash outflows from financing activities 71,691,065.88 56,987,368.40 Net cash flow generated from financing activities -71,691,065.88 -36,987,368.40

4. The impact of exchange rate changes on cash and cash equivalents

-5,365.44 4,968.59 impact

5. Net increase in cash and cash equivalents -35,839,877.38 -22,979,275.79

Add: Balance of cash and cash equivalents at the beginning of the period 148,503,866.50 43,851,228.52

6. Balance of cash and cash equivalents at the end of the period 112,663,989.12 20,871,952.73

7. Consolidated statement of changes in owners’ equity

Amount of current period

Unit: Yuan

2026 half year

Less equity attributable to owners of the parent company

Other equity instruments Part 1 There is a decrease and there is no amount

Project capital: Other shareholders’ equity, preferred shares, perpetual bonds, other capital reserves, treasury shares, comprehensive income, reserves, reserves, risk reserves, profits, others, subtotal, shareholders’ equity, equity, joint profit reserves, 1,3 - 2,4 2,6 597 41, 68, 454 189 73, 58, 75, 64,

,42 157 069 ,41 ,30

1. Previous year 112 632 546 853

5,5,11,03 4,5 6,9 end balance,86,93,18,18

49. 7.5 2.2 62. 97. 0.3 5.0 6.7 3.9 00 5 7 66 17 7 9 6 3

Add: yes

Changes in accounting policies

before

period error correction

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

its

him

1,3 - 2,4 2,6 597 41, 68, 454 189 73, 58, 75, 64,

,42 157 069 ,41 ,30

2. Current year 112 632 546 853

5,5 ,11 ,03 4,5 6,9 Beginning balance ,86 ,93 ,18 ,18

49. 7.5 2.2 62. 97. 0.3 5.0 6.7 3.9 00 5 7 66 17

7 9 6 3

3. Addition in this issue - - - -

9,1 4,3 4,9

Less changes 572 7.8 6.5 1.5

00, 33, 92,

(reduced to ,93 69, 36, 44,

691 990 426

Fill in the "-" sign with 5.5 320 808 381

.82 .80 .85

Column) 9 .18 .45 .60 - 63, 63, 18, 81,

572 821 248 181 430

(1) Comprehensive

,93 ,74 ,81 ,97 ,78Total income

5.5 5.7 0.1 0.8 0.9 9 0 1 2 3 16,

9,1 9,1 7,3

(2) All 440

00, 00, 39, input and minus ,38

691 691 693 Less capital 5.2 .82 .82 .46

11, 11, 1. Owner 695 695 invested ordinary ,70 ,70 shares 0.0 0.0

0 0 2. Other rights

beneficial instruments held

investors invest capital

10, 3． Share payments 9,1 9,1 1,0 are included in all 00, 00, 31,

, 23 interests of gold 691 691 540

1.9 amount .82 .82 .15

5,3 5,3 4. Others 87, 87, 546 546 .69 .69 - - - -

71, 71, 34, 106

(3) Profit 691 691 718, 40 distribution, 06, 06, 45 9, 5 5.8 5.8 5.7 21.

8 8 8 66 1． Withdraw profit

surplus public space

2. Extract one

General risk preparation

• • • • 3. Distribution to all 71, 71, 34, 106 (or shareholders 691 691 718, 40 shareholders) ,06 ,06 ,45 9,5

5.8 5.8 5.7 21. Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

8 8 8 66 4. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

4,3 4,3 2,6 6,9

(5) Special projects 33, 33, 59, 93, reserves 990 990 983 973 .80 .80 .05 .85

10, 7,4 7,4 2,9

1． This issue mentions 24, 24, 50,

,18 takes 999 999 188

8.1 .73 .73 .44

• • • • 3,0 3,0 290 3,3 2. This issue makes

91, 91, ,20 81, use

008 008 5.3 214 .93 .93 9 .32

(6) Others

1,3 - 2,4 2,6 597 45, 68, 446 182

82, 59, 80, 63, ,42 491 069 ,54 ,77

4. This period 213 205 538 308 5,5 ,10 ,03 5,2 0,1

Closing balance ,55 ,87 ,61 ,80

49. 8.3 2.2 42. 88.

2.1 0.6 3.6 2.3 00 5 7 48 72

9 8 1 3

Amount of previous year

Unit: Yuan

2025 half year

Owner's equity attributable to the parent company

less

Other equity instruments Part 1 There is a decrease and there is no amount

Project capital: Other shareholders' equity, preferred shares, perpetual bonds, other common reserves, treasury shares, comprehensive income, reserves, surplus reserves, risks, reserves, profits, other subtotal, shareholders' equity, equity, joint profit reserves

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

1,3 - 2,1 2,3 585 33, 68, 260 188 06, 59, 94, 83,

,86 429 069 ,18 ,55

1. Previous year 867 412 998 553

1,5,11,03 4,0 5,1 end balance,46,85,32,48

49. 9.6 2.2 06. 58. 9.2 0.1 6.9 5.3 00 9 7 93 43 5 8 6 9

Add: yes

Changes in accounting policies

before

period error correction

its

him

1,3 - 2,1 2,3 585 33, 68, 260 188 06, 59, 94, 83,

,86 429 069 ,18 ,55

2. Current year 867 412 998 553

1,5 ,11 ,03 4,0 5,1 Initial balance ,46 ,85 ,32 ,48

49. 9.6 2.2 06. 58. 9.2 0.1 6.9 5.3 00 9 7 93 43

5 8 6 9

3. This period increased by 20, 37, 63, - 57,

1,2 4,8

Less changes 196 256 593 5,9 671

61, 78,

(Reduced to ,98 ,86 ,76 22, ,51

038 867

Fill in the “-” sign 9.5 9.9 5.6 254 0.9

.47 .71

column) 1 4 3 .69 4 84, 85, 25, 110 1,2

125 386 022 ,40

(1) Comprehensive 61,

,79 ,83 ,32 9,1Total income 038

3.8 2.3 8.5 60. .47

6 3 8 91

20, 20, - 18,

(2) All 196 196 1,7 449 investors invested and reduced ,98 ,98 47, ,59 less capital 9.5 9.5 399 0.0 1 1 .45 6

4,8 4,8 1． owner

60, 60, average investment

000 000 shares

.00 .00 2. Other rights

beneficial instruments held

investors invest capital

20, 20, 22, 3. Share branch 2,3

196 196 511 paid included in all 14,

,98 ,98 ,98 rights and interests gold 998

9.5 9.5 8.4 amount .97 1 1 8 - -

8,9 8,9 4. Others 22, 22, 398 398 .42 .42 - - - -

46, 46, 32, 79,

(3) Profit 868 868 567 436 Distribution ,92 ,92 ,25 ,17 3.9 3.9 0.1 4.0

2 2 3 5 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

1． Withdraw profit

surplus public space

2. Extract one

General risk preparation

---

46, 46, 32, 79, 3. to all

868 868 567 436 (or shares

,92,92,25,17east) distribution

3.9 3.9 0.1 4.0

2 2 3 5 4. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

4,8 4,8 3,3 8,2

(5) Special projects 78, 78, 70, 48, reserves 867 867 066 934 .71 .71 .31 .02

12, 8,5 8,5 3,7

1． This issue mentions 21, 21, 71,

,76 takes 763 763 000

3.4 .02 .02 .44

• • • • 3,6 3,6 400 4,0 2. This issue makes

42, 42, ,93 43, use

895 895 4.1 829 .31 .31 3 .44

(6) Others

1,3 - 2,2 2,4 585 38, 68, 297 182

27, 58, 58, 41, ,86 307 069 ,44 ,63

4. This period 064 151 592 224 1,5 ,98 ,03 0,8 2,9

Closing balance ,45 ,81 ,09 ,99

49. 7.4 2.2 76. 03.

8.7 1.7 2.5 6.3 00 0 7 87 74

6 1 9 3

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

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

Amount of current period

Unit: Yuan

2026 half year

Other equity instruments All less: Others Undivided

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

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

Total 1,418 - 2,117

597,4 5,985 68,06 90,19

1. Previous year ,722, 62,73,657,

25,54,168. 9,032 5,315

Closing balance 433.6 9,566 932.5 9.00 56 .27 .71

1.65 0

Add: yes

Changes in accounting policies

before

period error correction

its

him

1,418 - 2,117

597,4 5,985 68,06 90,19

2. This year ,722, 62,73,657,

25,54,168. 9,032 5,315

Initial balance 433.6 9,566 932.5 9.00 56 .27 .71

1.65 0

3. Added in this issue

Less amount of change 10,13 - 96,52 106,6 (the decrease is filled in with "-" .97 .33 .61 6.25)

168,2 168,2

(1) Comprehensive

14,57 14,57Total income

5.49 5.49

(2) All 10,13 10,13 investment and reduction of capital 2,231 2,231 .97 .97 1. owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

3. Share branch

10,13 10,13 payment is included in all

2,231 2,231 equity interests

.97 .97 amount

4. Others

(3) Profit 71,69 71,69Distribution 1,065 1,065

.88 .88 1. Withdraw profit

surplus public space

2. to all - -

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Distribution to shareholders (or shareholders 71,69 71,69) 1,065 1,065

.88 .88 3. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

8,045 8,045 Reserve

.33 .33 1. This issue mentions

take

• • 2． This issue makes

8,045 8,045 for

.33 .33

(6) Others

1,428 - 2,224

597,4 5,977 68,06 186,7

4. This period, 854, 62,73, 305,

25,54 ,123. 9,032 18,82

Closing balance 665.5 9,566 628.7 9.00 23.27 5.32

8.65 5 Amount of last period

Unit: Yuan

2025 half year

Other equity instruments All less: Others Undivided

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

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

Total 1,351 - 2,013

585,8 6,065 68,06 64,96

1. Previous year ,186, 62,88,270,

61,54,539. 9,032 8,141

Closing balance 681.1 0,464 478.2 9.00 37 .27 .18

5 .69 8

Add: yes

Changes in accounting policies

before

period error correction

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

its

him

1,351 - 2,013

585,8 6,065 68,06 64,96

2. This year ,186, 62,88 ,270,

61,54,539. 9,032 8,141

Initial balance 681.1 0,464 478.2 9.00 37 .27 .18

5 .69 8

3. Added in this issue

-

Less changes 22,51 - 4,937

17,55

(Reduced to 1,988 20,56 ,188.

4,234

Fill in the “-” sign .48 6.01 46

.01

column)

29,31 29,31

(1) Comprehensive

4,689 4,689Total income

.91 .91

(2) All 22,51 22,51 investors invested and reduced capital 1,988 1,988 .48 .48

1． owner

ordinary investment

shares

2. Other rights

beneficial instruments held

investors invest capital

3. Share branch

22,51 22,51 paid included in all

1,988 1,988 shareholders’ equity

.48 .48 amount

4. Others

(3) Profit 46,86 46,86 Distribution 8,923 8,923

.92 .92 1. Withdraw profit

surplus public space

• • 2． to all

46,86 46,86 (or shares

8,923 8,923 East) allocation

.92 .92 3. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

2. surplus public

Convert accumulated assets to capital

(or equity)

3. surplus public

Accumulate to make up for losses

4. Settings subject to

Changes in benefit plan

Amount carried forward and retained

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

income

5. Other comprehensive

Consolidated income carried forward

retained earnings

6. Others

(5) Special projects

20,56 20,56 Reserve

6.01 6.01 1. This issue mentions

take

• • 2． This issue makes

20,56 20,56 for

6.01 6.01

(6) Others

1,373 - 2,018

585,8 6,044 68,06 47,41

4. This period, 698, 62,88, 207,

61,54 ,973. 9,032 3,907

Closing balance 669.6 0,464 666.7 9.00 36 .27 .17

3.69 4

3. Basic situation of the company

Zhangjiagang Furui Special Equipment Co., Ltd. (hereinafter referred to as the "Company" or the "Company") was formerly known as Zhangjiagang Furui Boiler Container Manufacturing Co., Ltd. (hereinafter referred to as the "Co., Ltd."). It is a limited liability company funded by Huang Feng and other three natural persons, with a registered capital of 8 million yuan.

On June 11, 2008, the shareholders' meeting of the company approved the establishment of Zhangjiagang Furui Special Equipment Co., Ltd. by converting the audited net assets on March 31, 2008 into shares at a ratio of 1:0.5607.

As approved by the China Securities Regulatory Commission's Securities Regulatory Commission [2011] No. 736, the company publicly issued 17 million RMB ordinary shares (A shares) to the public through the Shenzhen Stock Exchange in May 2011, with a face value of 1 yuan per share. The stock abbreviation is "Furui Taizhuang" and the stock code is "300228".

After distributing bonus shares, placing new shares, transferring capital and issuing new shares over the years, as of June 30, 2026, the company has issued a total of 597,425,549 shares, with a registered capital of 597,425,549 yuan.

Company registration place, organizational form and headquarters address

The company's registration place and headquarters address: No. 19, Chenxin Road, Yangshe Town, Zhangjiagang City, Jiangsu Province.

The company’s business nature and main operating activities

The company's business scope is: engine manufacturing and sales (car engine remanufacturing oil to gas); corresponding construction project general contracting business within the scope of the Class B qualification certificate in the oil and gas (offshore oil) industry, as well as project management and related technical and management services; natural gas, petroleum, metallurgy, Development, manufacturing, and sales of power stations, chemicals, and seawater desalination equipment (those involving pressure vessels are operated within the scope of the license); import and export of goods (items prohibited by laws and administrative regulations are not allowed to be operated; items restricted by laws and administrative regulations can only be operated after obtaining a license); Class I automobile maintenance (trucks).

Consolidated financial statement scope

The Company has a total of 31 subsidiaries included in the scope of consolidation during this period. For details, please see Note 10. Equity in other entities. The number of entities included in the scope of the consolidated financial statements in this period has increased by one compared with the previous period. For detailed information on the entities that have changed the scope of consolidation, please see Note 9, Changes in the scope of consolidation.

Approval of financial statements

This financial statement has been approved by the company's board of directors on August 29, 2026.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

4. Basis for preparation of financial statements

1. Basics of preparation

Basics of Preparation of Financial Statements

The Company conducts recognition and measurement based on actual transactions and events and in accordance with the "Accounting Standards for Business Enterprises - Basic Standards" promulgated by the Ministry of Finance and the specific Accounting Standards for Business Enterprises, Application Guidelines for Accounting Standards for Business Enterprises, Interpretations of Accounting Standards for Business Enterprises and other relevant regulations (hereinafter collectively referred to as "Accounting Standards for Business Enterprises"). On this basis, the Company prepares financial statements in conjunction with the provisions of the China Securities Regulatory Commission's "Information Disclosure and Preparation Rules for Companies that Offer Securities to the Public No. 15 - General Provisions for Financial Reports" (revised in 2023).

2. Continued operations

The Company evaluated its ability to continue operating for the 12 months from the end of the reporting period and found no events or circumstances that cast any significant doubt on its ability to continue operating. Therefore, these financial statements have been prepared on the basis of going concern assumption.

5. Important accounting policies and accounting estimates

Specific accounting policies and accounting estimation tips:

1． The Company determines specific accounting policies and accounting estimates based on its operating characteristics, which are mainly reflected in the recognition of revenue, the valuation method of inventory, the accounting treatment of depreciation of fixed assets and amortization of intangible assets, etc.

2. The Company continuously evaluates the important accounting estimates and key assumptions adopted based on historical experience and other factors, including reasonable expectations for future events. If the following important accounting estimates and key assumptions change significantly, it may have a significant impact on the book value of assets and liabilities in subsequent fiscal years:

(1) Impairment of accounts receivable and other receivables. The Company determines the recoverability of accounts receivable and other receivables based on the aging of the accounts, thereby estimating the impairment provision for accounts receivable and other receivables. If any events or changes in circumstances occur, indicating that the company may not be able to recover the relevant balances, it will need to use estimates and make impairment provisions for accounts receivable and other receivables. If the expected figure is different from the original estimate, the difference will affect the carrying value of accounts receivable and other receivables, as well as impairment charges during the period when the estimate changes.

(2) Estimation of inventory impairment. The Company measures inventories at the lower of cost and net realizable value on the balance sheet date. The calculation of net realizable value requires the use of assumptions and estimates. If the estimated selling price and costs and expenses to be incurred upon completion are revised, it will affect the estimate of the net realizable value of the inventory, and the difference will have an impact on the provision for inventory depreciation.

(3) Estimated service life and estimated net residual value of fixed assets. The estimated service life and expected net residual value of fixed assets are estimated based on the past actual service life and actual net residual value of fixed assets with similar properties and functions. During the use of fixed assets, the economic environment, technical environment and other environments in which they are located may have a greater impact on the service life and estimated net residual value of fixed assets. If the estimated useful life and net residual value of fixed assets are different from the original estimates, management will make appropriate adjustments.

(4) Income tax. In normal business activities, the final tax treatment of many transactions and matters is uncertain. Significant judgment is required when calculating income tax. If the final determination of these tax matters is different from the amount originally recorded, the difference will have an impact on the amount of tax during the period when the above-mentioned final determination is made.

1. Statement on compliance with corporate accounting standards

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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Accounting period

A fiscal year runs from January 1 to December 31 of the Gregorian calendar.

3. Business cycle

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

4. Accounting standard currency

The Company uses RMB as its functional accounting currency.

5. Determination method and selection basis of importance standards

Applicable □Not applicable

Items Materiality criteria Important single-item receivables with provision for bad debts Important construction-in-progress projects with a closing balance greater than or equal to RMB 5 million Important construction-in-progress budgets greater than or equal to RMB 10 million Important prepaid accounts aged over one year Closing balance greater than or equal to RMB 5 million Important contract liabilities aged over one year Closing balance greater than or equal to RMB 5 million Important accounts payable aged over one year The closing balance is greater than or equal to RMB 5 million. Important other payables aged more than one year. The closing balance is greater than or equal to RMB 5 million.

The amount of net profit impact is greater than or equal to RMB 20 million or it is an important non-wholly owned subsidiary

Non-wholly-owned subsidiaries in key sectors

Important joint ventures or associates Important commitments with a long-term equity investment carrying amount of RMB 20 million or more Important contingencies such as pledged and mortgaged assets, issuance of letters of guarantee Events that are highly likely to create contingent obligations Important post-balance sheet events Post-balance sheet profit distribution and other matters

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

7. If the terms, conditions and economic impact of each transaction in the step-by-step enterprise merger process meet one or more of the following conditions, multiple transactions will be accounted for as a package transaction.

(1) These transactions are entered into at the same time or with consideration of mutual effects;

(2) These transactions as a whole can achieve a complete business result;

(3) The occurrence of one transaction depends on the occurrence of at least one other transaction;

(4) A transaction is uneconomical when viewed alone, but is economical when considered together with other transactions.

2. Merger of businesses under common control

The assets and liabilities acquired by the Company in a business merger are measured based on the book value of the assets and liabilities of the merged party on the date of merger (including the goodwill formed by the ultimate controlling party's acquisition of the merged party) in the consolidated financial statements of the ultimate controlling party. The difference between the book value of the net assets acquired in the merger and the book value of the merger consideration paid (or the total face value of the shares issued) is adjusted to the equity premium in the capital reserve. If the equity premium in the capital reserve is insufficient to offset it, the retained earnings are adjusted.

If there is a contingent consideration and it is necessary to recognize estimated liabilities or assets, the difference between the amount of the estimated liabilities or assets and the subsequent settlement amount of the contingent consideration will be adjusted to the capital reserve (capital premium or equity premium). If the capital reserve is insufficient, the retained earnings will be adjusted.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

For enterprise mergers that are finally realized through multiple transactions, if it is a package transaction, each transaction will be accounted for as a transaction that obtains control; if it is not a package transaction, on the date when control is obtained, the difference between the initial investment cost of the long-term equity investment and the sum of the book value of the long-term equity investment before the merger plus the book value of the new consideration for further acquisition of shares on the merger date will be adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings will be adjusted. For equity investments held before the merger date, other comprehensive income recognized due to the use of equity method accounting or financial instrument recognition and measurement standards will not be subject to accounting treatment until the investment is disposed of, using the same basis as the investee's direct disposal of relevant assets or liabilities. Other changes in the owner's equity of the investee's net assets recognized due to equity method accounting, except for net profit and loss, other comprehensive income and profit distribution, will not be subject to accounting treatment until the investment is disposed and transferred to the current profit and loss.

3. Business combination not under common control

The purchase date refers to the date when the company actually obtains control over the purchased party, that is, the date when control of the net assets or production and operation decisions of the purchased party is transferred to the company. When the following conditions are met at the same time, the company generally considers that the transfer of control has been achieved:

①The business merger contract or agreement has been approved by the company’s internal authority.

② If the enterprise merger matters need to be reviewed and approved by the relevant national competent authorities, the approval has been obtained.

③The necessary property rights transfer procedures have been completed.

④ The company has paid most of the merger price and has the ability and plan to pay the remaining amount.

⑤ The company has actually controlled the financial and operating policies of the purchased party, and enjoys corresponding benefits and bears corresponding risks.

The assets paid and liabilities incurred or assumed by the company as consideration for the business combination are measured at fair value on the purchase date, and the difference between the fair value and its book value is included in the current profit and loss.

The Company recognizes the difference between the merger cost and the fair value share of the acquiree's identifiable net assets obtained in the merger as goodwill; the difference between the merger cost and the fair value share of the acquiree's identifiable net assets obtained in the merger shall be included in the current profit and loss after review.

If the merger of enterprises not under the same control is realized step by step through multiple exchange transactions, and it is a package transaction, each transaction will be accounted for as a transaction to obtain control; if it is not a package transaction, the equity investment held before the merger date is accounted for using the equity method, and the equity of the purchased party held before the purchase date is accounted for. The sum of the book value of the investment and the new investment cost on the date of purchase shall be regarded as the initial investment cost of the investment; other comprehensive income recognized due to the equity method accounting for equity investments held before the date of purchase shall be accounted for on the same basis as when the invested unit directly disposes relevant assets or liabilities when disposing of the investment. If the equity investment held before the merger date is accounted for using the financial instrument recognition and measurement standards, the sum of the fair value of the equity investment on the merger date plus the new investment cost shall be the initial investment cost on the merger date. The difference between the fair value and book value of the original equity holdings and the cumulative fair value changes originally included in other comprehensive income should all be transferred to the investment income of the current period on the merger date.

4. Costs related to the merger

Intermediary fees such as auditing, legal services, evaluation consulting, and other directly related expenses incurred for a business merger shall be included in the current profits and losses when incurred; transaction costs for the issuance of equity securities for a business merger may be deducted from equity if they are directly attributable to equity transactions.

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

8. Judgment criteria for control

The scope of consolidation in consolidated financial statements is determined based on control. Control means that the company has power over the invested unit, enjoys variable returns by participating in the relevant activities of the invested unit, and has the ability to use its power over the invested unit to affect its return amount. The Company will reassess when changes in relevant facts and circumstances result in changes in the relevant elements involved in the definition of control.

When judging whether to include a structured entity into the scope of consolidation, the Company evaluates whether to control the structured entity based on comprehensively considering all facts and circumstances, including assessing the purpose and design of the structured entity, identifying the type of variable returns, and whether it bears part or all of the return variability by participating in its related activities.

2. Consolidation scope

The scope of the company's consolidated financial statements is determined on the basis of control, and all subsidiaries (including separate entities controlled by the company) are included in the consolidated financial statements.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. Merger Procedure

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

The accounting policies and accounting periods adopted by all subsidiaries included in the scope of the consolidated financial statements are consistent with the Company's. If the accounting policies and accounting periods adopted by the subsidiaries are inconsistent with the Company's, necessary adjustments shall be made in accordance with the Company's accounting policies and accounting periods when preparing consolidated financial statements.

When consolidating financial statements, the impact of internal transactions between the company and its subsidiaries and between subsidiaries on the consolidated balance sheet, consolidated income statement, consolidated cash flow statement, and consolidated statement of changes in shareholders' equity are eliminated. If the identification of the same transaction is different from the perspective of the consolidated financial statements of the enterprise group and the accounting entity of the company or subsidiary, the transaction will be adjusted from the perspective of the enterprise group.

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

For a subsidiary acquired through a business combination under common control, its financial statements will be adjusted based on the book value of its assets and liabilities (including the goodwill formed by the ultimate controller's acquisition of the subsidiary) in the financial statements of the ultimate controller.

For subsidiaries acquired through business combinations not under common control, their financial statements will be adjusted based on the fair value of the identifiable net assets on the date of acquisition.

Add a subsidiary or business

During the reporting period, if a subsidiary or business is added due to a business merger under the same control, the opening balance of the consolidated balance sheet will be adjusted; the income, expenses, and profits from the beginning of the current period to the end of the reporting period of the subsidiary or business combination will be included in the consolidated income statement; the cash flow from the beginning of the current period to the end of the reporting period of the subsidiary or business combination will be included in the consolidated cash flow statement, and relevant items in the comparative statement will be adjusted at the same time. The post-merger reporting entity will be deemed to have existed from the time when the ultimate controlling party began to control.

If it is possible to exercise control over an investee under the same control due to additional investment or other reasons, the parties involved in the merger will be deemed to have existed in their current state when the final controlling party began to control and adjustments will be made. For equity investments held before acquiring control of the merged party, relevant profits and losses, other comprehensive income and changes in other net assets have been recognized between the date of acquisition of the original equity and the date when the merging party and the merged party are under the same control, whichever is later, to the date of merger, and shall be offset against the opening retained earnings or current profits and losses during the comparative statement period respectively.

During the reporting period, if a subsidiary or business is added due to a business combination not under common control, the opening balance of the consolidated balance sheet will not be adjusted; the income, expenses, and profits of the subsidiary or business from the date of acquisition to the end of the reporting period will be included in the consolidated income statement; the cash flow of the subsidiary or business from the date of acquisition to the end of the reporting period will be included in the consolidated cash flow statement.

If it is able to exercise control over an investee that is not under the same control due to additional investment or other reasons, the Company will remeasure the equity of the purchased party held before the acquisition date based on the fair value of the equity on the acquisition date, and the difference between the fair value and its book value will be included in the investment income of the current period. If the equity of the purchased party held before the purchase date involves other comprehensive income under equity method accounting and other changes in owner's equity other than net profit and loss, other comprehensive income and profit distribution, the related other comprehensive income and changes in other owner's equity will be converted into investment income for the current period on the purchase date, except for other comprehensive income arising from the investee's remeasurement of the net liabilities or changes in net assets of the defined benefit plan.

Disposal of a subsidiary or business

1. General processing methods

During the reporting period, if the company disposes of a subsidiary or business, the income, expenses and profits of the subsidiary or business from the beginning of the period to the date of disposal will be included in the consolidated income statement; the cash flow of the subsidiary or business from the beginning of the period to the date of disposal will be included in the consolidated cash flow statement.

When the company loses control over the investee due to the disposal of part of the equity investment or other reasons, the company will remeasure the remaining equity investment after the disposal according to its fair value on the date of loss of control. The difference between the sum of the consideration obtained for disposing of the equity and the fair value of the remaining equity, minus the sum of the share of the original subsidiary's net assets calculated continuously from the date of purchase or merger based on the original shareholding ratio and the sum of goodwill, shall be included in the investment income in the period when control is lost. Other comprehensive income or net profit and loss, other comprehensive income related to the equity investment in the original subsidiary Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Changes in owner's equity other than profit and profit distribution will be converted into current investment income when control is lost, except for other comprehensive income arising from changes in the investee's remeasurement of the net liabilities or net assets of the defined benefit plan.

2. Dispose of subsidiaries step by step

If the equity investment in a subsidiary is disposed of step by step through multiple transactions until the control is lost, the terms, conditions and economic impact of each transaction to dispose of the equity investment in the subsidiary meet one or more of the following circumstances, which usually indicates that multiple transactions should be accounted for as a package deal:

A. These transactions were entered into at the same time or with consideration of mutual effects;

B. These transactions as a whole can achieve a complete business result;

C. The occurrence of one transaction depends on the occurrence of at least one other transaction;

D. A transaction that is uneconomical on its own is economical when considered together with other transactions.

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

If the various transactions involving the disposal of equity investments in subsidiaries until the loss of control do not belong to a package deal, before the loss of control, accounting treatment will be carried out according to the relevant policies for partial disposal of equity investments in subsidiaries without losing control; when control is lost, accounting treatment will be carried out according to the general treatment method for disposal of subsidiaries.

Purchase a minority stake in a subsidiary

The difference between the company's newly acquired long-term equity investment due to the purchase of minority shares and the share of the subsidiary's net assets calculated continuously from the purchase date (or merger date) calculated based on the new shareholding ratio, shall be adjusted to the equity premium in the capital reserve in the consolidated balance sheet. If the equity premium in the capital reserve is insufficient to offset, the retained earnings shall be adjusted.

Partial disposal of equity investments in subsidiaries without losing control

The difference between the disposal price obtained from the partial disposal of the long-term equity investment in the subsidiary without losing control and the share of the subsidiary's net assets calculated continuously from the date of purchase or merger corresponding to the disposal of the long-term equity investment shall be adjusted to the equity premium in the capital reserve in the consolidated balance sheet. If the equity premium in the capital reserve is insufficient to offset, the retained earnings shall be adjusted.

8. Classification of joint arrangements and accounting treatment methods for joint operations

9. Classification of joint arrangements

The Company classifies joint arrangements into joint operations and joint ventures based on factors such as the structure and legal form of the joint arrangement, the terms agreed in the joint arrangement, and other relevant facts and circumstances.

Joint arrangements that are not reached through a separate entity are classified as joint operations; joint arrangements that are reached through a separate entity are usually classified as joint ventures; but there is conclusive evidence that joint arrangements that meet any of the following conditions and comply with relevant laws and regulations are classified as joint operations: The legal form of the joint arrangement indicates that the joint venture parties have rights and assume obligations respectively for the relevant assets and liabilities in the arrangement.

The contract terms of the joint arrangement stipulate that the joint venture parties have rights and assume obligations respectively with respect to the relevant assets and liabilities in the arrangement.

Other relevant facts and circumstances indicate that the joint venture party has rights and assumes obligations for the relevant assets and liabilities in the arrangement respectively. For example, the joint venture party enjoys almost all the output related to the joint venture arrangement, and the settlement of the liabilities in the arrangement continues to rely on the support of the joint venture party.

2. Accounting treatment method for joint operations

The company confirms the following items related to the company in the interest share in joint operations, and performs accounting treatments in accordance with the relevant accounting standards for enterprises:

Recognize individually held assets and recognize jointly held assets based on their shares;

Recognize liabilities borne individually and liabilities borne jointly according to their shares;

Recognize the income generated from the sale of its share of joint operating output;

Recognize the income generated by the joint operation from the sale of output according to its share;

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

The expenses incurred individually are recognized, and the expenses incurred by joint operations are recognized according to their share.

The company invests or sells assets, etc. to a joint operation (except where the assets constitute a business). Before the assets, etc. are sold by the joint operation to a third party, only the portion of the profits and losses arising from the transaction that are attributable to the other participants in the joint operation is recognized. If the assets invested or sold suffer an asset impairment loss that complies with the provisions of "Accounting Standards for Business Enterprises No. 8 - Asset Impairment" and other provisions, the company will recognize the loss in full.

The Company purchases assets, etc. from a joint operation (except where the assets constitute a business), and before selling the assets, etc. to a third party, only recognizes the portion of the profits and losses arising from the transaction that are attributable to other participants in the joint operation. If the purchased assets suffer asset impairment losses that comply with the provisions of "Accounting Standards for Business Enterprises No. 8 - Asset Impairment" and other provisions, the Company shall recognize this part of the loss based on its share.

The Company does not enjoy joint control over the joint operation. If the Company owns the assets related to the joint operation and assumes the liabilities related to the joint operation, the accounting treatment shall still be carried out in accordance with the above principles. Otherwise, the accounting treatment shall be carried out in accordance with the relevant accounting standards for enterprises.

9. Determination standards for cash and cash equivalents

When preparing the cash flow statement, the company's cash on hand and deposits that can be used for payment at any time are recognized as cash. Investments that meet the four conditions of short term (generally due within three months from the date of purchase), strong liquidity, easy conversion into known amounts of cash, and small risk of value changes are determined as cash equivalents.

10. Foreign currency business and foreign currency statement conversion

Assets and liability items in the balance sheet are translated using the spot exchange rate on the balance sheet date; owners' equity items, except for "undistributed profits" items, are translated using the spot exchange rate at the time of occurrence. Income and expense items in the income statement are translated using the average exchange rate during the period when the transaction occurred. The translation difference of foreign currency financial statements resulting from the above translation is included in other comprehensive income.

When an overseas operation is disposed of, the foreign currency financial statement translation differences listed in other comprehensive income items in the balance sheet and related to the overseas operation will be transferred from the other comprehensive income items to the current profit and loss of the disposal; when the proportion of equity held in the overseas operation is reduced due to the disposal of part of the equity investment or other reasons but the control of the overseas operation is not lost, the foreign currency statement translation difference related to the disposal part of the overseas operation will be attributed to the minority shareholders' equity and will not be transferred to the current profit and loss. When disposing of part of the equity of an overseas operation that is an associate or joint venture, the translation difference of foreign currency statements related to the overseas operation shall be transferred to the current profit and loss of the disposal in proportion to the disposal of the overseas operation.

11. Financial instruments

The Company recognizes a financial asset or financial liability when it becomes a party to a financial instrument contract.

The effective interest rate method refers to the method of calculating the amortized cost of financial assets or financial liabilities and allocating interest income or interest expenses into each accounting period.

The actual interest rate refers to the interest rate used to discount the estimated future cash flows of a financial asset or financial liability during the expected duration of the financial asset or the amortized cost of the financial liability. When determining the actual interest rate, the expected cash flow is estimated based on all contractual terms of the financial asset or financial liability (such as early repayment, extension, call options or other similar options, etc.), but expected credit losses are not considered.

The amortized cost of a financial asset or financial liability is the initial recognition amount of the financial asset or financial liability minus the repaid principal, plus or minus the cumulative amortization amount formed by amortizing the difference between the initial recognition amount and the maturity amount using the effective interest method, and then deducting the accumulated loss provisions (only applicable to financial assets).

1. Classification, recognition and measurement of financial assets

The Company divides financial assets into the following three categories based on the business model of the financial assets under management and the contractual cash flow characteristics of the financial assets:

Financial assets measured at amortized cost.

Financial assets measured at fair value through other comprehensive income.

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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

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 financial assets depends on their classification. If and only if the company changes the business model of managing financial assets, all affected related financial assets will be reclassified.

Financial assets classified as measured at amortized cost

If the contractual terms of a 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, and the business model for managing the financial asset is to collect contractual cash flow as the goal, then the company will classify the financial asset as a financial asset measured at amortized cost. Financial assets classified by the Company as measured at amortized cost include monetary funds, some notes receivable, accounts receivable, and other receivables measured at amortized cost, etc.

The Company uses the actual interest rate method to recognize interest income on such financial assets, and conducts subsequent measurement at amortized cost. Gains or losses arising from impairment or derecognition or modification are included in the current profit and loss. Except for the following circumstances, the Company determines interest income based on the book balance of financial assets multiplied by the actual interest rate:

1. For purchased or originated financial assets that have suffered credit impairment, the Company will determine its interest income based on the amortized cost of the financial asset and the credit-adjusted actual interest rate from the initial recognition.

2. For purchased or originated financial assets that are not credit-impaired but become credit-impaired in the subsequent period, the Company will calculate and determine its interest income based on the amortized cost and actual interest rate of the financial asset in the subsequent period. If the financial instrument no longer has credit impairment due to its credit risk improvement in the subsequent period, the company will calculate and determine interest income by multiplying the actual interest rate by the book balance of the financial asset.

Financial assets classified as measured at fair value through other comprehensive income

If the contractual terms of a financial asset stipulate that the cash flows generated on a specific date are only the payment of principal and interest based on the outstanding principal amount, and the business model for managing the financial asset aims at both collecting contractual cash flows and selling the financial asset, then the Company classifies the financial asset as a financial asset measured at fair value with changes included in other comprehensive income.

The Company uses the effective interest rate method to recognize interest income on such financial assets. 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 the 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.

Notes receivable and accounts receivable measured at fair value with changes included in other comprehensive income are presented as receivable financing, and other such financial assets are presented as other debt investments. Among them: other debt investments due within one year from the balance sheet date are presented as non-current assets due within one year, and other debt investments with original maturity dates within one year are presented as other current assets.

Financial assets designated as measured at fair value through other comprehensive income

At the time of initial recognition, the Company may irrevocably designate non-trading equity instrument investments as financial assets measured at fair value with changes included in other comprehensive income on a single financial asset basis.

Changes in the fair value of such financial assets are included in other comprehensive income, and no impairment provisions are required. When the 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. During the period when the company holds the equity instrument investment, when the company's right to receive dividends has been established, the economic benefits related to the dividends are likely to flow into the company, and the amount of dividends can be reliably measured, dividend income is recognized and included in the current profit and loss. The Company reports such financial assets under other equity instrument investment items.

If an equity instrument investment meets one of the following conditions, it is a financial asset measured at fair value and its changes are included in the current profit and loss: the purpose of acquiring the financial asset is mainly for the recent sale; when initially recognized, it is part of a portfolio of identifiable financial assets that are centrally managed, and there is objective evidence that there is an actual short-term profit model in the near future; it is a derivative instrument (except for derivatives that meet the definition of a financial guarantee contract and are designated as effective hedging instruments).

Classified as financial assets measured at fair value through profit or loss for the current period

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Financial assets that do not meet the conditions for classification as financial assets measured at amortized cost or at fair value through other comprehensive income, and are not designated as measured at fair value through other comprehensive income, are classified as financial assets at fair value through profit or loss for the current period.

The Company uses fair value for subsequent measurement of such financial assets, and includes gains or losses arising from changes in fair value as well as dividends and interest income related to such financial assets into current profits and losses.

The Company presents such financial assets in trading financial assets and other non-current financial assets based on their liquidity.

Financial assets designated as measured at fair value through profit or loss for the current period

At the time of initial recognition, in order to eliminate or significantly reduce accounting mismatches, the company can irrevocably designate financial assets as financial assets measured at fair value and whose changes are included in current profits and losses on a single financial asset basis.

If a hybrid contract contains one or more embedded derivatives, and its main contract does not belong to the above financial assets, the company may designate the entire contract as a financial instrument measured at fair value with changes included in current profits and losses. Except for the following circumstances:

1.) Embedded derivatives do not significantly change the cash flows of hybrid contracts.

2.) When initially determining whether a similar hybrid contract needs to be unbundled, little analysis is needed to make it clear that the embedded derivatives it contains should not be unbundled. For example, if a prepayment right is embedded in a loan, allowing the holder to repay the loan early at an amount close to the amortized cost, the prepayment right does not need to be split.

The Company uses fair value for subsequent measurement of such financial assets, and includes gains or losses arising from changes in fair value as well as dividends and interest income related to such financial assets into current profits and losses.

The Company presents such financial assets in trading financial assets and other non-current financial assets based on their liquidity.

2. Classification, recognition and measurement of financial liabilities

The company classifies the financial instrument or its components as financial liabilities or equity instruments upon initial recognition based on the contractual terms of the financial instruments issued and the economic substance reflected rather than just the legal form, combined with the definitions of financial liabilities and equity instruments. Financial liabilities are classified upon initial recognition as: financial liabilities at fair value through profit or loss, other financial liabilities, and derivatives designated as effective hedging instruments.

Financial liabilities are measured at fair value upon initial recognition. For financial liabilities measured at fair value and whose changes are included in the current profit and loss, the relevant transaction costs are directly included in the current profit and loss; for other types of financial liabilities, the relevant transaction costs are included in the initial recognition amount. The subsequent measurement of financial liabilities depends on their classification:

Financial liabilities measured at fair value through profit or loss for the current period

Such financial liabilities include trading financial liabilities (including derivatives that are financial liabilities) and financial liabilities designated as measured at fair value with changes included in current profits and losses upon initial recognition.

Financial liabilities that meet one of the following conditions are classified as trading financial liabilities: the purpose of assuming relevant financial liabilities is mainly to sell or repurchase in the near future; they are part of a portfolio of identifiable financial instruments that are centrally managed, and there is objective evidence that the enterprise has recently adopted a short-term profit-making model; they are derivatives, except for derivatives that are designated and are effective hedging instruments and derivatives that comply with financial guarantee contracts. Trading financial liabilities (including derivatives belonging to financial liabilities) are subsequently measured at fair value. Except for those related to hedging accounting, all changes in fair value are included in the current profit and loss.

At the time of initial recognition, in order to provide more relevant accounting information, the Company irrevocably designates financial liabilities that meet one of the following conditions as financial liabilities measured at fair value and whose changes are included in current profits and losses:

1.) Can eliminate or significantly reduce accounting mismatches.

2.) According to the enterprise risk management or investment strategy stated in formal written documents, manage and perform performance evaluation on the financial liability portfolio or financial assets and financial liability portfolio on the basis of fair value, and report to key management personnel on this basis within the enterprise.

The company uses fair value for subsequent measurement of such financial liabilities. Except for changes in fair value caused by changes in the company's own credit risk, which are included in other comprehensive income, other changes in fair value are included in current profits and losses. Unless the changes in fair value caused by changes in the company's own credit risk are included in other comprehensive income, which will cause or expand the accounting mismatch in profit and loss, the company will include all changes in fair value (including the amount affected by changes in its own credit risk) into profit and loss for the current period.

Other financial liabilities

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

In addition to the following items, the company classifies financial liabilities as financial liabilities measured at amortized cost. The actual interest rate method is used for such financial liabilities and subsequent measurement is carried out at amortized cost. Gains or losses arising from derecognition or amortization are included in the current profit and loss:

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

2.) 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.

3.) Financial guarantee contracts that do not fall into the first two categories of this article, and loan commitments for loans at lower than market interest rates that do not fall into category 1) of this article.

A financial guarantee contract refers to a contract that requires the issuer to pay a specific amount of compensation to the contract holder who has suffered a loss when a specific debtor is unable to repay the debt in accordance with the terms of the original or modified debt instrument when due. Financial guarantee contracts that are not designated as financial liabilities at fair value through profit or loss shall, after initial recognition, be measured according to the higher of the loss reserve amount and the initial recognition amount less accumulated amortization during the guarantee period, whichever is higher.

3. Derecognition of financial assets and financial liabilities

(1) If a financial asset meets one of the following conditions, the financial asset will be derecognized, that is, it will be written off from its account and balance sheet:

1.) The contractual right to receive cash flows from the financial asset terminates.

2.) The financial asset has been transferred, and the transfer meets the requirements for derecognition of financial assets.

(2) Conditions for derecognition of financial liabilities

If the current obligation of a financial liability (or part thereof) has been discharged, the financial liability (or part thereof) shall be derecognised. The Company signs an agreement with the lender to replace the original financial liability by assuming a new financial liability, and if the contract terms of the new financial liability are substantially different from the original financial liability, or if the contract terms of the original financial liability (or part thereof) are substantially modified, the original financial liability will be derecognized and a new financial liability will be recognized. The difference between the book value and the consideration paid (including non-cash assets transferred out or liabilities assumed) will be included in the current profit and loss.

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

4. Recognition basis and measurement method of financial asset transfer

When the company transfers financial assets, it evaluates the degree of risks and rewards in retaining ownership of the financial assets, and handles the following situations respectively:

If substantially all the risks and rewards of ownership of a financial asset are transferred, the financial asset will be derecognised, and the rights and obligations arising or retained in the transfer will be separately recognized as assets or liabilities.

If substantially all the risks and rewards of ownership of a financial asset are retained, the financial asset will continue to be recognized.

If substantially all the risks and rewards of ownership of a financial asset are neither transferred nor retained (i.e. other situations other than (1) and (2) of this article), the following situations will be dealt with based on whether it retains control of the financial asset:

1.) If control of the financial asset is not retained, the financial asset will be derecognised, and the rights and obligations arising or retained in the transfer will be separately recognized as assets or liabilities.

2.) If it retains control over the financial assets, the relevant financial assets will continue to be recognized to the extent of its continued involvement in the transferred financial assets, and relevant liabilities will be recognized accordingly. The degree of continued involvement in the transferred financial assets refers to the extent to which the company bears the risks or rewards of changes in the value of the transferred financial assets.

When judging whether the transfer of financial assets meets the above conditions for derecognition of financial assets, the principle of substance over form is adopted. The company distinguishes the transfer of financial assets into overall transfer and partial transfer of financial assets.

If the overall transfer of financial assets meets the conditions for derecognition, the difference between the following two amounts will be included in the current profit and loss:

1. ) The book value of the transferred financial assets on the date of derecognition.

2.) The sum of the consideration received for the transfer of financial assets and the amount corresponding to the derecognition portion of the cumulative amount of changes in fair value originally directly included in other comprehensive income (the financial assets involved in the transfer are financial assets measured at fair value and their changes are included in other comprehensive income).

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

If a financial asset is partially transferred and the transferred part as a whole meets the conditions for derecognition, the book value of the entire financial asset before the transfer will be apportioned between the derecognized part and the continued recognition part (in this case, the retained service assets shall be regarded as part of the continued recognition of the financial assets) according to their respective relative fair values on the transfer date, and the difference between the following two amounts shall be included in the current profit and loss:

1.) The book value of the derecognized part on the date of derecognition.

2.) The sum of the consideration received for the derecognized part and the amount corresponding to the derecognized part of the cumulative amount of changes in fair value originally included in other comprehensive income (the financial assets involved in the transfer are financial assets measured at fair value and their changes are included in other comprehensive income). If the transfer of financial assets does not meet the conditions for derecognition, the financial assets will continue to be recognized, and the consideration received will be recognized as a financial liability.

5. Method for determining the fair value of financial assets and financial liabilities

For financial assets or financial liabilities that have an active market, their fair value is determined based on the quoted price in the active market, unless the financial asset has a sales restriction period on the asset itself. For financial assets with sales restrictions on the asset itself, it is determined based on the quoted price in the active market after deducting the amount of compensation required by market participants for assuming the risk of being unable to sell the financial asset on the open market within a specified period. Quotes in active markets include quotes for relevant assets or liabilities that are easily and regularly obtainable from exchanges, dealers, brokers, industry groups, pricing agencies or regulatory agencies, etc., and can represent actual and frequent market transactions on an arm's length basis.

For financial assets initially acquired or derived or financial liabilities assumed, the market transaction price is used as the basis for determining their fair value. For financial assets or financial liabilities for which there is no active market, valuation techniques are used to determine their fair value. When valuing, the Company adopts valuation techniques that are applicable under the current circumstances and supported by sufficient available data and other information, selects input values ​​that are consistent with the characteristics of the assets or liabilities considered by market participants in transactions of related assets or liabilities, and gives priority to the use of relevant observable input values ​​whenever possible. Unobservable input values ​​are used when relevant observable input values ​​cannot be obtained or are impracticable to obtain.

6. Impairment of financial assets

The Company’s loan commitments include financial assets measured at amortized cost, financial assets classified as fair value through other comprehensive income, lease receivables, contract assets, financial liabilities that are not measured at fair value through profit or loss for the current period, and financial liabilities that are not classified as financial liabilities at fair value through other comprehensive income. Financial liabilities measured at fair value through profit or loss for the current period and financial guarantee contracts formed due to the transfer of financial assets that do not meet the conditions for derecognition or continued involvement in the transferred financial assets are subject to impairment accounting and recognition of loss provisions based on expected credit losses.

Expected credit losses refer to the weighted average of the credit losses of financial instruments with the risk of default as the weight. Credit loss refers to the difference between all contractual cash flows receivable under the contract and all cash flows expected to be received by the company, discounted at the original actual interest rate, that is, the present value of all cash shortfalls. Among them, credit-impaired financial assets purchased or originated by the company should be discounted according to the credit-adjusted actual interest rate of the financial assets.

For purchased or originated financial assets that have suffered credit impairment, only the cumulative change in expected credit losses during the entire duration since initial recognition will be recognized as loss provisions on the balance sheet date. On each balance sheet date, the change in expected credit losses during the entire duration is included in the current profit and loss as impairment losses or gains. Even if the expected credit losses during the entire duration determined on the balance sheet date are less than the amount of expected credit losses reflected in the estimated cash flows at initial recognition, favorable changes in expected credit losses will be recognized as impairment gains. In addition to the above-mentioned simplified measurement methods and other financial assets that have incurred credit impairment when purchased or originated, the company evaluates on each balance sheet date whether the credit risk of relevant financial instruments has increased significantly since initial recognition, and measures its loss provisions, recognizes expected credit losses and changes according to the following circumstances:

If the credit risk of the financial instrument has not increased significantly since initial recognition and is in the first stage, its loss provision will be measured based on an amount equivalent to the expected credit losses of the financial instrument in the next 12 months, and interest income will be calculated based on the book balance and actual interest rate. If the credit risk of the financial instrument has increased significantly since initial recognition but no credit impairment has occurred, and it is in the second stage, its loss provision will be measured based on an amount equivalent to the expected credit losses during the entire duration of the financial instrument, and interest income will be calculated based on the book balance and the actual interest rate.

If the financial instrument has been credit-impaired since initial recognition and is in the third stage, the company will measure its loss provision based on an amount equivalent to the expected credit losses during the entire duration of the financial instrument, and calculate interest income based on the amortized cost and actual interest rate. The amount of increase or reversal of credit loss provision for financial instruments is included in the current profit and loss as impairment loss or gain. Except for financial assets classified as at fair value through other comprehensive income, the allowance for credit losses is reduced by the carrying balance of the financial asset. For the 2026 Semi-annual Report classified as Zhangjiagang Furui Special Equipment Co., Ltd.

For financial assets measured at fair value and whose changes are included in other comprehensive income, the company recognizes its credit loss provision in other comprehensive income and does not reduce the book value of the financial asset listed in the balance sheet.

In the previous accounting period, the Company has measured loss provisions at an amount equivalent to the expected credit losses during the entire duration of the financial instrument. However, on the current balance sheet date, if the financial instrument no longer has a significant increase in credit risk since initial recognition, the Company will measure the loss provisions for the financial instrument at an amount equivalent to the expected credit losses within the next 12 months on the current balance sheet date. The reversal amount of the resulting loss provisions is included in the current profit and loss as impairment gain.

Significant increase in credit risk

The Company uses the reasonable and evidence-based forward-looking information available to determine whether the credit risk of a financial instrument has increased significantly since initial recognition by comparing the risk of default of the financial instrument on the balance sheet date with the risk of default on the initial recognition date. For financial guarantee contracts, when the Company applies the provisions on impairment of financial instruments, the date when the Company becomes the party making the irrevocable commitment shall be the date of initial recognition.

The company will consider the following factors when assessing whether credit risk has increased significantly:

1.) Whether the actual or expected operating results of the debtor have changed significantly;

2.) Whether there have been significant adverse changes in the regulatory, economic or technological environment in which the debtor operates;

3.) Whether there has been a significant change in the value of the collateral used as collateral for the debt or the quality of the guarantee or credit enhancement provided by a third party. These changes are expected to reduce the debtor's economic motivation to repay within the period specified in the contract or affect the probability of default;

4.) Whether the debtor’s expected performance and repayment behavior have changed significantly;

5.) Whether the company's credit management methods for financial instruments have changed, etc.

On the balance sheet date, if the Company determines that a financial instrument has only low credit risk, the Company assumes that the credit risk of the financial instrument has not increased significantly since initial recognition. If the default risk of a financial instrument is low, the borrower has a strong ability to fulfill its contractual cash flow obligations in the short term, and even if there are adverse changes in the economic situation and operating environment in the longer term, it may not necessarily reduce the borrower's ability to fulfill its contractual cash flow obligations, then the financial instrument is considered to have lower credit risk.

Credit-impaired financial assets

When one or more events that have an adverse impact on the expected future cash flows of a financial asset occur, the financial asset becomes a credit-impaired financial asset. Evidence that a financial asset has been credit-impaired includes the following observable information:

1.) The issuer or debtor encounters major financial difficulties;

2.) The debtor violates the contract, such as default or overdue payment of interest or principal;

3.) The creditor grants concessions to the debtor that the debtor would not make under any other circumstances due to economic or contractual considerations related to the debtor's financial difficulties;

4.) The debtor is likely to go bankrupt or undergo other financial reorganization;

5.) The financial difficulties of the issuer or debtor cause the active market for the financial asset to disappear;

6.) Purchase or originate a financial asset at a substantial discount that reflects the fact that a credit loss has occurred.

Credit impairment of financial assets may be caused by the combined effect of multiple events and may not be caused by an individually identifiable event. Determination of expected credit losses

The Company evaluates the expected credit losses of financial instruments individually and collectively. When evaluating expected credit losses, it considers reasonable and well-founded information about past events, current conditions, and forecasts of future economic conditions.

The Company divides financial instruments into different combinations based on common credit risk characteristics. The common credit risk characteristics adopted by the company include: financial instrument type, credit risk rating, aging portfolio, overdue aging portfolio, contract settlement cycle, industry of the debtor, etc. For details on the individual evaluation standards and combined credit risk characteristics of relevant financial instruments, please refer to the accounting policies of relevant financial instruments.

The company determines the expected credit losses of relevant financial instruments according to the following methods:

1. For financial assets, credit loss is the present value of the difference between the contractual cash flow that the company should receive and the cash flow that is expected to be received.

2. For lease receivables, credit loss is the present value of the difference between the contractual cash flow that the company should receive and the cash flow that is expected to be received.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. For financial guarantee contracts, credit losses are the present value of the difference between the company's estimated payment to the contract holder for credit losses incurred, minus the amount the company expects to collect from the contract holder, debtor or any other party.

4. For financial assets that have been credit-impaired on the balance sheet date but were not purchased or originated from credit-impairment, the credit loss is the difference between the book balance of the financial asset and the present value of the estimated future cash flows discounted at the original effective interest rate.

The Company's method of measuring expected credit losses of financial instruments reflects factors including: the unbiased probability weighted average amount determined by evaluating a series of possible outcomes; the time value of money; reasonable and well-founded information about past events, current conditions and forecasts of future economic conditions that can be obtained without unnecessary additional cost or effort on the balance sheet date.

Write down financial assets

When the company no longer reasonably expects that the contractual cash flows of a financial asset can be fully or partially recovered, the book balance of the financial asset will be directly written down. Such a write-down constitutes the derecognition of the relevant financial asset.

7. Offset of financial assets and financial liabilities

Financial assets and financial liabilities are presented separately in the balance sheet without offsetting each other. However, if 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 company has the legal right to offset the confirmed amount, and this legal right is currently enforceable;

(2) The company plans to settle on a net basis, or to realize the financial assets and pay off the financial liabilities at the same time.

12. Notes receivable

Please refer to Note (11.6) Impairment of Financial Assets in this Note (11.6) for details of the Company’s determination method and accounting treatment method of expected credit losses on notes receivable. When there is insufficient evidence to assess expected credit losses at a reasonable cost at the individual instrument level, the Company refers to historical credit loss experience, combined with current conditions and judgments of future economic conditions, divides notes receivable into several portfolios based on credit risk characteristics, and calculates expected credit losses on a portfolio basis. The basis for determining the combination is as follows:

Combination name Basis for determining combination Provision method

Refer to historical credit loss experience, combined with current conditions and future economic conditions

The credit rating of the issuer is not high. Although there has been no note default in history,

Forecast of bank acceptance bills, through default risk exposure and certain credit loss risk

Expected credit loss rate for the entire duration, calculating expected credit losses

With reference to historical credit loss experience, combined with

The current situation and future economic conditions of commercial acceptance bills are issued by the drawer based on commercial credit, and there is a certain risk of credit loss. Through the default risk exposure and the expected credit loss rate throughout the duration,

Calculate expected credit losses

13. Accounts receivable

Please refer to this note (11.6) Impairment of Financial Assets for details of the company’s determination method and accounting treatment method of expected credit losses on accounts receivable. When there is insufficient evidence to assess expected credit losses at a reasonable cost at the individual instrument level, the Company refers to historical credit loss experience, combined with current conditions and judgments of future economic conditions, divides accounts receivable into several portfolios based on credit risk characteristics, and calculates expected credit losses on the basis of the portfolios. The basis for determining the combination is as follows:

Combination name Basis for determining combination Provision method

Similar credit risk characteristics to other sales payments based on aging and expected credit throughout the duration

Loss rate comparison table accrual

Within the scope of consolidation Close Refer to historical credit loss experience and combine

Similar credit risk characteristics

Joint sales current situation and expectations for future economic conditions

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Forecast, calculate expected credit losses

14. Accounts receivable financing

Notes receivable and accounts receivable classified as measured at fair value with changes included in other comprehensive income. If the maturity period is within one year (including one year) from the initial recognition date, they are listed as receivable financing; if the maturity period is more than one year from the initial recognition date, they are listed as other debt investments. Please refer to Note (11) Financial Instruments of this Note for its relevant accounting policies.

15. Other receivables

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

Please refer to this note (11.6) Impairment of Financial Assets for details of the Company’s determination method and accounting treatment method of expected credit losses on other receivables.

16. Contract assets

If the company has transferred the goods to the customer and has the right to receive consideration, and the right depends on factors other than the passage of time, it is recognized as a contract asset. The Company's unconditional (i.e., subject only to the passage of time) right to receive consideration from customers is presented separately as receivables.

Please refer to Note (11.6) Impairment of Financial Assets in this Note (11.6) for details of the Company’s determination method and accounting treatment method of expected credit losses on contract assets.

17. Inventory

Inventory classification

Inventories refer to the finished products or commodities held by the company for sale in daily activities, products in progress during the production process, materials and supplies consumed in the production process or the provision of labor services, etc. It mainly includes raw materials, turnover materials, commissioned processing materials, products in progress, self-made semi-finished products, finished products (stocked goods), shipped goods, etc.

Inventory valuation method

Inventories are valued at actual cost when acquired. Standard products are carried forward to operating costs according to the weighted average method, and non-standard products are carried forward to operating costs according to the individual pricing method. Low-value consumables are amortized once upon use.

The basis for determining the net realizable value of inventories and the method of accruing inventory depreciation reserves

After conducting a comprehensive inventory of the inventory at the end of the period, the inventory depreciation reserve is withdrawn or adjusted based on the lower of the inventory cost and the net realizable value. For inventory of goods that are directly for sale, such as finished goods, inventory, and materials for sale, during the normal production and operation process, the net realizable value is determined by the estimated selling price of the inventory minus the estimated sales expenses and related taxes; for material inventories that need to be processed, during the normal production and operation process, the estimated selling price of the finished goods produced is deducted to the time of completion. The net realizable value is determined based on the estimated costs, estimated sales expenses and relevant taxes. For inventories held for the execution of sales contracts or labor contracts, the net realizable value is calculated based on the contract price. If the quantity of inventory held is greater than the quantity ordered in the sales contract, the net realizable value of the excess inventory is calculated based on the general sales price.

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

If the factors that caused the previous write-down of the inventory value have disappeared, the amount of the write-down will be restored and reversed within the amount of the inventory depreciation provision that was originally accrued, and the reversed amount will be included in the current profit and loss.

Inventory inventory system

The inventory inventory system is a perpetual inventory system.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

18. Assets held for sale

19. Debt investment

20. Other debt investments

21. Long-term receivables

22. Long-term equity investment

23. Determination of initial investment cost

(1) For long-term equity investments formed by business combinations, please refer to this note for specific accounting policies (6) Accounting treatment methods for business combinations under the same control and those not under the same control.

(2) Long-term equity investment obtained through other means

For long-term equity investments obtained by paying cash, the actual purchase price paid shall be regarded as the initial investment cost. Initial investment costs include fees, taxes and other necessary expenses directly related to obtaining long-term equity investment.

For long-term equity investments obtained by issuing equity securities, the initial investment cost shall be the fair value of the equity securities issued; transaction costs incurred when issuing or acquiring its own equity instruments can be deducted from equity if they are directly attributable to equity transactions.

Under the premise that the non-monetary asset exchange has commercial substance and the fair value of the assets exchanged or the assets exchanged can be reliably measured, the initial investment cost of the long-term equity investment exchanged in the non-monetary asset exchange shall be determined based on the fair value of the assets exchanged, unless there is conclusive evidence that the fair value of the assets exchanged is more reliable; for non-monetary asset exchanges that do not meet the above premise, the book value of the assets exchanged and the relevant taxes payable shall be used as the initial investment cost of the long-term equity investment exchanged.

For long-term equity investments obtained through debt restructuring, the initial investment cost is determined based on fair value.

2. Subsequent measurement and profit and loss recognition

(1) Cost method

The long-term equity investment that the company can control over the invested unit is accounted for using the cost method, and is priced according to the initial investment cost, and the cost of the long-term equity investment is adjusted by adding or withdrawing the investment.

In addition to the actual price paid when acquiring the investment or the cash dividends or profits included in the consideration that have been declared but not yet distributed, the company shall recognize the cash dividends or profits declared by the invested unit as investment income for the current period.

(2) Equity method

The Company adopts the equity method to account for long-term equity investments in associates and joint ventures; for some of the equity investments in associates indirectly held through venture capital institutions, mutual funds, trust companies or similar entities including investment-linked insurance funds, they are measured at fair value and changes are included in profit and loss.

If the initial investment cost of a long-term equity investment is greater than the fair value share of the investee's identifiable net assets at the time of investment, the initial investment cost of the long-term equity investment will not be adjusted; the difference between the initial investment cost and the fair value share of the investee's identifiable net assets at the time of investment shall be included in the current profit and loss.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

After the company obtains a long-term equity investment, it recognizes investment income and other comprehensive income respectively according to its share of the net profit or loss and other comprehensive income realized by the invested unit, and adjusts the book value of the long-term equity investment at the same time; and calculates the share of the profits or cash dividends declared by the investee to be distributed, and accordingly reduces the book value of the long-term equity investment; for other changes in the owner's equity of the invested unit other than net profits and losses, other comprehensive income and profit distribution, the book value of the long-term equity investment is adjusted and included in the owner's equity.

When the company confirms its share of the investee's net profits and losses, it adjusts and confirms the investee's net profit based on the fair value of the investee's identifiable assets when the investment was obtained. Unrealized gains and losses from internal transactions between the Company and its associates and joint ventures are offset according to the proportion attributable to the Company, and investment gains and losses are recognized on this basis.

When the company confirms that it should share the losses incurred by the invested unit, it will proceed in the following order: first, offset the book value of the long-term equity investment. Secondly, if the book value of the long-term equity investment is not sufficient to offset it, investment losses will continue to be recognized to the extent of the book value of other long-term interests that essentially constitute a net investment in the investee, and the book value of long-term receivable items, etc. will be offset. Finally, after the above processing, if the enterprise still bears additional obligations according to the investment contract or agreement, estimated liabilities will be recognized based on the estimated obligations and included in the current investment losses.

If the invested unit realizes profits in the subsequent period, the company will proceed in the opposite order to the above after deducting the unrecognized loss sharing amount, write down the book balance of the recognized estimated liabilities, restore the book value of other long-term equities and long-term equity investments that essentially constitute a net investment in the invested unit, and then resume recognition of investment income.

3. Conversion of long-term equity investment accounting methods

Fair value measurement converted to equity method accounting

The equity investment originally held by the Company that has no control, joint control or significant influence on the investee and is accounted for according to the financial instrument recognition and measurement standards, due to additional investment and other reasons, can exert significant influence or joint control on the investee but does not constitute control, the sum of the fair value of the originally held equity investment plus the cost of the new investment determined in accordance with "Accounting Standards for Business Enterprises No. XX - Recognition and Measurement of Financial Instruments" shall be regarded as the initial investment cost to be accounted for under the equity method.

If the initial investment cost calculated according to the equity method is less than the difference between the fair value share of the investee's identifiable net assets on the date of the additional investment calculated based on the new shareholding ratio after the additional investment, the book value of the long-term equity investment will be adjusted and included in the non-operating income of the current period.

Fair value measurement or equity method accounting converted to cost method accounting

If the company originally held equity investments that had no control, joint control or significant influence over the investee and were accounted for in accordance with the financial instrument recognition and measurement standards, or originally held long-term equity investments in associates and joint ventures, and were able to exercise control over investees not under common control due to additional investments or other reasons, when preparing individual financial statements, the sum of the book value of the original equity investment plus the cost of the new investment will be used as the initial investment cost to be accounted for using the cost method.

Other comprehensive income recognized due to equity method accounting for equity investments held before the acquisition date will be accounted for on the same basis as the investee's direct disposal of relevant assets or liabilities when disposing of the investment.

If the equity investment held before the acquisition date is accounted for in accordance with the relevant provisions of "Accounting Standards for Business Enterprises No. XX - Recognition and Measurement of Financial Instruments", the cumulative fair value changes originally included in other comprehensive income will be transferred to the current profit and loss when the cost method is used.

Equity method accounting to fair value measurement

If the company loses joint control or significant influence on the investee due to disposal of part of its equity investment or other reasons, the remaining equity after disposal will be calculated in accordance with "Accounting Standards for Business Enterprises No. XX - Recognition and Measurement of Financial Instruments", and the difference between its fair value and book value on the date of loss of joint control or significant influence shall be included in the current profit and loss.

Other comprehensive income recognized as a result of the original equity investment being accounted for using the equity method will be accounted for on the same basis as if the investee directly disposed of relevant assets or liabilities when the equity method is terminated.

Conversion from cost method to equity method

If the company loses control of the invested unit due to the disposal of part of its equity investments or other reasons, when preparing individual financial statements, if the remaining equity after disposal can jointly control or exert significant influence on the invested unit, it shall be accounted for according to the equity method instead, and the remaining equity shall be deemed to have been accounted for using the equity method since the time of acquisition and adjustments shall be made.

Conversion from cost method to fair value measurement

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

If the company loses control of the invested unit due to the disposal of part of its equity investments and other reasons, when preparing individual financial statements, if the remaining equity after disposal cannot jointly control or exert significant influence on the invested unit, accounting treatment shall be carried out in accordance with the relevant provisions of "Accounting Standards for Business Enterprises No. XX - Recognition and Measurement of Financial Instruments", and the difference between its fair value and book value on the date of loss of control shall be included in the current profit and loss.

4. Disposal of long-term equity investments

When disposing of a long-term equity investment, the difference between its book value and the actual price obtained shall be included in the current profit and loss. When disposing of a long-term equity investment accounted for using the equity method, the same basis as the investee's direct disposal of relevant assets or liabilities will be used, and the portion originally included in other comprehensive income will be accounted for in a corresponding proportion.

If the terms, conditions and economic impact of various transactions related to the disposal of equity investments in subsidiaries meet one or more of the following circumstances, multiple transactions will be accounted for as a package deal:

the transactions were entered into simultaneously or with consideration of their effects on each other;

Only these transactions as a whole can achieve a complete business result;

The occurrence of one transaction depends on the occurrence of at least one other transaction;

A transaction that is uneconomical on its own is economical when considered together with other transactions.

If the control over the original subsidiary is lost due to the disposal of part of the equity investment or other reasons, and it does not belong to a package deal, the relevant accounting treatment shall be carried out separately between individual financial statements and consolidated financial statements:

(1) In individual financial statements, for the equity disposed of, the difference between its book value and the actual price obtained is included in the current profit and loss. If the remaining equity after disposal can jointly control or exert significant influence on the investee, it will be accounted for according to the equity method, and the remaining equity will be deemed to have been accounted for using the equity method since the time of acquisition. If the remaining equity after disposal cannot jointly control or exert significant influence on the investee, it will be accounted for in accordance with the relevant provisions of "Accounting Standards for Business Enterprises No. XX - Recognition and Measurement of Financial Instruments", and the difference between its fair value and book value on the date of loss of control will be included in the current profit and loss.

(2) In the consolidated financial statements, for the transactions before the loss of control over the subsidiary, the difference between the disposal price and the long-term equity investment in the disposal of the subsidiary's share of net assets continuously calculated from the date of purchase or merger is adjusted to the capital reserve (equity premium). If the capital reserve is insufficient for offset, the retained earnings are adjusted; when the control of the subsidiary is lost, the remaining equity is remeasured according to its fair value on the date of loss of control. The difference between the sum of the consideration obtained for disposing of the equity and the fair value of the remaining equity, minus the share of the original subsidiary's net assets calculated continuously from the date of purchase based on the original shareholding ratio, shall be included in the investment income in the period when control is lost, and the goodwill shall be offset at the same time. Other comprehensive income related to the equity investment in the original subsidiary will be converted into current investment income when control is lost.

If the various transactions involving the disposal of the subsidiary's equity investment until the loss of control belong to a package transaction, each transaction will be accounted for as a transaction of disposal of the subsidiary's equity investment and loss of control, and the relevant accounting treatment will be distinguished between individual financial statements and consolidated financial statements:

(1) In individual financial statements, the difference between the price of each disposal before the loss of control and the book value of the long-term equity investment corresponding to the equity disposed is recognized as other comprehensive income, and is transferred to the profit and loss of the current period when control is lost.

(2) In the consolidated financial statements, the difference between each disposal price and the share of the subsidiary's net assets corresponding to the disposal investment before the loss of control is recognized as other comprehensive income, and is transferred to the profit and loss of the current period when control is lost.

5. Criteria for judging joint control and significant influence

If the Company collectively controls an arrangement with other participants in accordance with relevant agreements, and decisions on activities that have a significant impact on the returns of the arrangement require the unanimous consent of the participants sharing control rights, then the Company and other participants are deemed to jointly control an arrangement, and the arrangement is a joint arrangement.

If a joint venture arrangement is reached through an independent entity, when it is determined based on the relevant agreement that the company has rights to the net assets of the independent entity, the independent entity will be treated as a joint venture and accounted for using the equity method. If it is judged based on the relevant agreement that the company does not have rights to the net assets of the separate entity, the separate entity will be treated as a joint operation, and the company will confirm the items related to the joint operation interest share and conduct accounting treatment in accordance with the relevant accounting standards for enterprises.

Significant influence means that the investor has the power to participate in decision-making on the financial and operating policies of the invested unit, but it is not able to control or jointly control the formulation of these policies with other parties. After the company has adopted one or more of the following situations and comprehensively considered all the facts and circumstances, the 2026 Semi-Annual Report of Zhangjiagang Furui Special Equipment Co., Ltd.

Judgment that it has a significant impact on the invested unit: (1) having representatives on the invested unit's board of directors or similar authority; (2) participating in the financial and operating policy formulation process of the invested unit; (3) having important transactions with the invested unit; (4) dispatching management personnel to the invested unit; (5) providing key technical information to the invested unit.

23. Investment real estate

Investment real estate measurement model

Not applicable

24. Fixed assets

(1) Confirmation conditions

Fixed assets refer to tangible assets held for the purpose of producing goods, providing labor services, leasing or operating management, and whose useful life exceeds one accounting year. Fixed assets are recognized when the following conditions are met at the same time:

(1) The economic benefits related to the fixed asset are likely to flow into the enterprise;

(2) The cost of the fixed asset can be measured reliably.

2. Initial measurement of fixed assets

The company's fixed assets are initially measured at cost.

(1) The cost of purchased fixed assets includes the purchase price, import duties and other related taxes and fees, as well as other expenses incurred before the fixed assets reach the intended usable condition that are directly attributable to the assets.

(2) The cost of self-constructed fixed assets consists of the necessary expenditures incurred before the asset reaches its intended usable condition. (3) Fixed assets invested by investors shall be recorded at the value stipulated in the investment contract or agreement. However, if the value stipulated in the contract or agreement is unfair, they shall be recorded at fair value.

(4) If the purchase price of fixed assets is deferred beyond normal credit conditions and is essentially financing in nature, the cost of the fixed assets shall be determined based on the present value of the purchase price. The difference between the actual price paid and the present value of the purchase price, except for those that should be capitalized, shall be included in the current profit and loss during the credit period.

3. Subsequent measurement and disposal of fixed assets

(1) Depreciation of fixed assets

Depreciation of fixed assets is calculated based on their recorded value minus the estimated net residual value over their estimated useful lives. For fixed assets with provision for impairment, the depreciation amount will be determined based on the book value after deduction of impairment provision and the remaining useful life in the future period; no depreciation will be provided for fixed assets that have been fully depreciated and are still in use.

The company determines the service life and estimated net residual value of fixed assets based on their nature and usage. At the end of the year, the service life, estimated net residual value and depreciation method of fixed assets will be reviewed. If there are differences from the original estimates, corresponding adjustments will be made.

(2) Depreciation method

Category Depreciation method Depreciation life Residual value rate Annual depreciation rate Houses and buildings Year-average method 20 5 4.75

Machinery and equipment Average age method 10 5 9.5

Transportation equipment Average age method 5 5 19.00

Other equipment Average age method 5 5 19.00

Subsequent expenditures on fixed assets

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Subsequent expenditures related to fixed assets that meet the fixed asset recognition conditions will be included in the cost of fixed assets; if they do not meet the fixed asset recognition conditions, they will be included in the current profit and loss when incurred.

Fixed asset disposal

When a fixed asset is disposed of or no economic benefits are expected to be generated through use or disposal, the fixed asset is derecognised. The amount of disposal income from the sale, transfer, scrapping or damage of fixed assets after deducting their book value and related taxes is included in the current profit and loss.

25. Projects under construction

26. Initial measurement of projects under construction

The construction in progress constructed by the Company itself is valued at actual cost, and the actual cost consists of the necessary expenditures incurred before the asset reaches its intended usable condition.

2. Standards and timing for transferring construction in progress to fixed assets

For projects under construction, all expenditures incurred before the asset reaches its intended usable state shall be regarded as the recorded value of the fixed assets. If the construction in progress has reached the intended usable state, but the final settlement of completion has not yet been processed, from the date it reaches the intended usable state, the estimated value will be transferred to fixed assets based on the project budget, cost or actual cost of the project, etc., and the depreciation of the fixed assets will be accrued in accordance with the company's fixed asset depreciation policy. After the final settlement of completion has been processed, the original estimated value will be adjusted based on the actual cost, but the originally accrued depreciation amount will not be adjusted.

26. Borrowing costs

27. Recognition principles for capitalization of borrowing costs

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

Assets that meet the conditions for capitalization refer to fixed assets, investment real estate, inventories and other assets that require a considerable period of acquisition, construction or production activities to reach the intended usable or salable state.

Capitalization of borrowing costs begins when the following conditions are met at the same time:

(1) Asset expenditures have occurred. Asset expenditures include expenditures in the form of cash payments, transfers of non-cash assets or interest-bearing debts for the acquisition, construction or production of assets that meet capitalization conditions;

(2) Borrowing costs have been incurred;

(3) The purchase, construction or production activities necessary to bring the asset to its intended usable or salable state have begun.

2. Borrowing cost capitalization period

The capitalization period refers to the period from the time when borrowing costs start to be capitalized to the time when capitalization stops. The period during which the capitalization of borrowing costs is suspended is not included.

When the acquisition, construction or production of assets that meet the capitalization conditions reaches the intended usable or salable state, the capitalization of borrowing costs ceases. When part of the projects in the acquisition, construction or production of assets that meet the capitalization conditions are completed and can be used independently, the capitalization of the borrowing costs of this part of the assets will cease.

If each part of an asset purchased, constructed or produced is completed separately, but it cannot be used or sold until the overall completion, the capitalization of borrowing costs will stop when the entire asset is completed.

3. Capitalization suspension period

If an abnormal interruption occurs during the acquisition, construction or production of assets that qualify for capitalization, and the interruption lasts for more than three months, the capitalization of borrowing costs will be suspended; if the interruption is a necessary procedure for the assets that qualify for capitalization to be acquired, constructed or produced to reach the intended usable or salable state, the borrowing costs will continue to be capitalized. Borrowing costs incurred during the interruption period are recognized as current profits and losses, and the borrowing costs continue to be capitalized until the acquisition, construction or production activities of the assets restart.

4. Calculation method of capitalized amount of borrowing costs

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Interest expenses on special borrowings (deducting interest income from unused borrowed funds deposited in banks or investment income from temporary investments) and their auxiliary expenses shall be capitalized before the assets purchased, constructed or produced that meet the capitalization conditions reach the intended usable or salable state.

The amount of interest that should be capitalized on general borrowings is calculated and determined based on the weighted average of the asset disbursements that exceed the portion of the special borrowings multiplied by the capitalization rate of the occupied general borrowings. The capitalization rate is calculated and determined based on the weighted average interest rate of general borrowings.

If there is a discount or premium on the loan, the amount of discount or premium that should be amortized in each accounting period shall be determined according to the actual interest rate method, and the interest amount of each period shall be adjusted.

27. Biological assets

28. Oil and gas assets

29. Intangible assets

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

Intangible assets refer to identifiable non-monetary assets without physical form owned or controlled by the company, including land use rights, patent rights and non-patented technologies, software, trademark rights, etc.

Initial measurement of intangible assets

The cost of outsourced intangible assets includes the purchase price, relevant taxes and other expenses directly attributable to achieving the intended use of the asset. If the purchase price of intangible assets is deferred beyond normal credit conditions and is essentially financing in nature, the cost of the intangible assets shall be determined based on the present value of the purchase price.

Debt restructuring obtains the intangible assets used by the debtor to offset debts, and determines its entry value based on the fair value of the intangible assets, and the difference between the book value of the restructured debt and the fair value of the intangible assets used to offset debts is included in the current profit and loss.

Under the premise that the exchange of non-monetary assets has commercial substance and the fair value of the assets exchanged or exchanged can be measured reliably, the intangible assets exchanged in the exchange of non-monetary assets shall be valued based on the fair value of the assets exchanged, unless there is conclusive evidence that the fair value of the assets exchanged is more reliable; for non-monetary asset exchanges that do not meet the above premise, the book value of the assets exchanged and the relevant taxes payable shall be used as the cost of the intangible assets exchanged, and no profit or loss shall be recognized.

The entry value of intangible assets acquired through the merger of enterprises under the same control shall be determined based on the book value of the merged party; the entry value of intangible assets acquired through the merger of enterprises under the same control shall be determined based on the fair value.

The cost of intangible assets developed internally includes: materials used in developing the intangible assets, labor costs, registration fees, amortization of other patent rights and franchises used in the development process, interest expenses that meet the capitalization conditions, and other direct costs incurred before the intangible assets reach their intended use.

Subsequent measurement of intangible assets

The company analyzes and determines the service life of intangible assets when acquiring them, and divides them into intangible assets with limited service life and intangible assets with uncertain service life. Intangible assets with limited useful life

Intangible assets with limited service life are amortized on a straight-line basis over the period of time they bring economic benefits to the enterprise. The estimated life and basis of intangible assets with limited useful life are as follows:

Item Estimated service life Basis

Land use rights 50 years Land transfer period

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Technology license 10 years Estimated benefit period

Proprietary technology 20 years Estimated benefit period

Patent 10 years Estimated benefit period

Software 2-5 years Estimated benefit period

Trademark rights 10 years Estimated benefit period

At the end of each period, the service life and amortization method of intangible assets with limited service life are reviewed. If there are differences from the original estimates, corresponding adjustments are made.

After review, the useful life and amortization method of the intangible assets at the end of the current period are no different from previous estimates.

Intangible assets with indefinite useful life

For intangible assets with indefinite service life, they are not amortized during the holding period, and the life of the intangible assets is reviewed at the end of each period. If it is still uncertain after re-examination at the end of the period, impairment testing will continue to be performed in each accounting period.

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

Research stage: The stage of original planned investigation and research activities to obtain and understand new scientific or technical knowledge. Development stage: A stage in which research results or other knowledge are applied to a plan or design to produce new or substantially improved materials, devices, products, etc. before commercial production or use.

Expenditures in the research phase of internal research and development projects are included in the current profits and losses when incurred.

Development phase expenditures meet specific criteria for capitalization

Expenditures during the development phase of internal research and development projects are recognized as intangible assets when the following conditions are met:

(1) It is technically feasible to complete the intangible asset so that it can be used or sold;

(2) Have the intention to complete the intangible asset and use or sell it;

(3) The way in which intangible assets generate economic benefits includes 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;

(4) 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;

(5) 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 recognized in profit or loss in previous periods will not be re-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 use.

30. Impairment of long-term assets

The Company determines whether there are signs of possible impairment of long-term assets on the balance sheet date. If there are signs of impairment of a long-term asset, its recoverable amount is estimated on the basis of an individual asset; if it is difficult to estimate the recoverable amount of an individual asset, the recoverable amount of the asset group to which the asset belongs is determined based on it.

The estimate of the recoverable amount of an asset is determined based on the higher of its fair value minus disposal costs and the present value of the asset's expected future cash flows.

The measurement results of the recoverable amount show that if the recoverable amount of a long-term asset is lower than its book value, the book value of the long-term asset will be written down to the recoverable amount, and the reduced amount will be recognized as asset impairment loss and included in the current profit and loss, and corresponding asset impairment provisions will be made. Once an asset impairment loss is recognized, it cannot be reversed in subsequent accounting periods.

After the asset impairment loss is recognized, the depreciation or amortization expenses of the impaired asset will be adjusted accordingly in the future period, so that the adjusted book value of the asset (deducting the estimated net residual value) will be systematically allocated to the asset within its remaining useful life.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Goodwill and intangible assets with indefinite useful lives formed due to business combinations are tested for impairment every year regardless of whether there are signs of impairment.

When conducting an impairment test on goodwill, the book value of goodwill is allocated to the asset groups or combinations of asset groups that are expected to benefit from the synergies of the business combination. 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 asset group combination containing goodwill, and compare the book value of these related asset groups or asset group combinations (including the book value portion of the allocated goodwill) with their recoverable amount. If the recoverable amount of the relevant asset group or asset group combination is lower than its book value, the impairment loss of goodwill is recognized.

31. Long-term deferred expenses

32. Amortization method

Long-term deferred expenses refer to various expenses that have been incurred by the company but should be borne by the current and subsequent periods with an amortization period of more than one year. Long-term deferred expenses are amortized on a straight-line basis during the beneficial period.

2. Amortization period

Category Amortization period Remarks

Decoration fee 2-10 years Estimated benefit period

Mold 5 years expected benefit period

32. Contract liabilities

The Company recognizes the portion of the obligation to transfer goods to customers for consideration received or receivable from customers as contract liabilities.

33. Employee compensation

(1) Accounting treatment method for short-term compensation

Short-term compensation refers to the employee compensation that the company needs to pay in full within twelve months after the end of the annual reporting period in which employees provide relevant services, excluding post-employment benefits and termination benefits. During the accounting period when employees provide services, the company recognizes the short-term remuneration payable as a liability, and includes it into relevant asset costs and expenses based on the beneficiaries of the services provided by the employees.

(2) Accounting treatment of post-employment benefits

Post-employment benefits refer to various forms of remuneration and benefits provided by the company in order to obtain the services provided by employees after the employees retire or terminate the labor relationship with the enterprise, excluding short-term remuneration and dismissal benefits.

The Company's post-employment benefit plans are classified into defined contribution plans and defined benefit plans.

(1) Set up a withdrawal plan

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

(2) Defined benefit plan

The company uses the expected cumulative welfare unit method for actuarial calculation, and attributes the welfare obligations arising from the defined benefit plan to the period in which employees provide services, and includes them in the current profit and loss or related asset costs, among which: unless other accounting standards require or allow employee welfare costs to be included in the cost of assets, the service costs of the defined benefit plan and the net interest on the net liabilities or net assets of the defined benefit plan are included in the current profit and loss in the current period; re

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Changes in measuring the net liabilities or net assets of a defined benefit plan are included in other comprehensive income in the current period and are not allowed to be transferred back to profit or loss in subsequent accounting periods.

(3) Accounting treatment method for dismissal benefits

Dismissal benefits refer to the compensation given to employees by the company when the company terminates the labor relationship with employees before the expiration of the employee's labor contract, or to encourage employees to voluntarily accept redundancy. When the company cannot unilaterally withdraw the labor relationship termination plan or layoff proposal or when the company recognizes the costs and expenses related to the restructuring involving the payment of dismissal benefits, whichever is earlier, the liability arising from the compensation for the termination of the labor relationship with employees is recognized, and is included in the current profit and loss.

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

34. Estimated liabilities

35. Recognition standards for estimated liabilities

When the obligations related to contingencies meet the following conditions at the same time, the company shall recognize them as estimated liabilities:

The obligation is a present obligation of the Company;

Fulfillment of this obligation is likely to result in an outflow of economic benefits from the Company;

The amount of the obligation can be measured reliably.

2. Measurement method of estimated liabilities

The Company's estimated liabilities are initially measured based on the best estimate of the expenditures required to fulfill the relevant current obligations.

When determining the best estimate, the company comprehensively considers factors such as risks, uncertainties and time value of money related to contingencies. For those that have a significant impact on the time value of money, the best estimate is determined by discounting the relevant future cash outflows.

The best estimate is processed in the following situations:

If there is a continuous range (or interval) of required expenditures, and various outcomes within the range are equally likely to occur, the best estimate shall be determined based on the middle value of the range, that is, the average of the upper and lower limits.

If the required expenditure does not exist in a continuous range (or interval), or although there is a continuous range, the likelihood of occurrence of various results within the range is not the same. If the contingency involves a single project, the best estimate is determined based on the most likely amount; if the contingency involves multiple projects, the best estimate is calculated and determined based on various possible results and related probabilities.

If all or part of the company's expenses required to settle estimated liabilities are expected to be compensated by a third party, the compensation amount will be recognized separately as an asset when it is basically certain that it can be received, and the recognized compensation amount will not exceed the book value of the estimated liabilities.

35. Share-based payment

36. Types of share-based payment

The Company's share-based payment is divided into equity-settled share-based payment and cash-settled share-based payment.

2. Determination method of fair value of equity instruments

For equity instruments such as options granted in an active market, the fair value shall be determined based on the quoted price in the active market. For equity instruments such as options granted for which there is no active market, an option pricing model is used to determine the fair value. The option pricing model selected takes into account the following factors: (1) the exercise price of the option; (2) the validity period of the option; (3) the current price of the underlying shares; (4) the expected volatility of the stock price; (5) the expected dividends of the shares; (6) the risk-free interest rate during the validity period of the option.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

When determining the fair value of the equity instrument on the grant date, the impact of market conditions and non-vestigation conditions in the vesting conditions stipulated in the share-based payment agreement shall be considered. If there are non-exercisable conditions for share-based payment, as long as the employees or other parties meet all the non-market conditions (such as service period, etc.) among the exercisable conditions, the corresponding costs and expenses for the services will be confirmed.

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

On each balance sheet date during the waiting period, the best estimate is made based on the latest changes in the number of vested employees and other subsequent information, and the number of equity instruments expected to be vested is revised. On the vesting date, the final expected number of vested equity instruments is consistent with the actual number of vested equity instruments.

4. Accounting treatment method

Equity-settled share-based payments are measured at the fair value of the equity instruments granted to employees. 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 the vesting cannot be vested until the services within the waiting period are completed or the specified performance conditions are met, 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 on the grant date, the services obtained in the current period will be included in the relevant costs or expenses and capital reserves. No adjustments will be made to the recognized related costs or expenses and the total owner's equity after the vesting date.

Cash-settled share-based payments are measured based on the fair value of the liability calculated and determined based on shares or other equity instruments assumed by the company. If the rights become exercisable immediately after grant, the fair value of the liability assumed by the Company on the date of grant will be included in the relevant costs or expenses, and the liability will be increased accordingly. For cash-settled share-based payments that are exercisable after completing services during the waiting period or meeting specified performance conditions, on each balance sheet date during the waiting period, based on the best estimate of the vesting situation and the fair value of the liability borne by the company, the services obtained in the current period will be included in costs or expenses and corresponding liabilities. On each balance sheet date and settlement date before the settlement of relevant liabilities, the fair value of the liability is remeasured, and its changes are included in the current profit and loss.

If the granted equity instruments are canceled during the waiting period, the company will treat the cancellation of the granted equity instruments as accelerated exercise, and the amount that should be recognized during the remaining waiting period will be immediately included in the current profit and loss, and the capital reserve will be recognized at the same time. If employees or other parties can choose to meet the non-vesting conditions but fail to do so within the waiting period, the company will treat it as the cancellation of the equity instruments granted.

36. Preferred shares, perpetual bonds and other financial instruments

37. Income

Disclose accounting policies adopted for revenue recognition and measurement by business type

The company's revenue mainly comes from the sales of cryogenic storage and transportation application equipment, heavy equipment, loading and unloading equipment and LNG natural gas sales and operation and maintenance services.

1. General principles of revenue recognition

When the company fulfills its performance obligations in the contract, that is, when the customer obtains control of the relevant goods or services, revenue is recognized based on the transaction price allocated to the performance obligation.

Performance obligations refer to the company's commitment in the contract to transfer clearly distinguishable goods or services to customers.

Obtaining control over relevant goods means being able to direct the use of the goods and obtain almost all economic benefits from them.

The Company evaluates the contract on the contract inception date, identifies each individual performance obligation contained in the contract, and determines whether each individual performance obligation will be performed within a certain period of time or at a certain point in time. If one of the following conditions is met, it is a performance obligation performed within a certain period of time, and the company will recognize revenue over a period of time according to the progress of the contract: (1) The customer obtains and consumes the economic benefits brought by the company's performance while the company is performing the contract; (2) The customer can control the goods under construction during the company's performance; (3) The goods produced during the company's performance have irreplaceable uses, and the company has the right to collect payment for the cumulative performance part that has been completed so far during the entire contract period. Otherwise, the Company recognizes revenue at the point when the customer obtains control of the relevant goods or services.

For performance obligations fulfilled within a certain period of time, the Company recognizes revenue based on the performance progress during that period. When the progress of contract performance cannot be reasonably determined, if the costs incurred by the company are expected to be compensated, revenue will be recognized based on the amount of costs incurred until the progress of contract performance can be reasonably determined.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Specific methods of revenue recognition

The company's sales are divided into domestic direct sales, domestic consignment sales, and overseas sales. The specific principles for revenue recognition are as follows:

1. Domestic direct sales: The company's goods have been shipped and the buyer (customer) signs for receipt, and the revenue is recognized; if the company has an installation obligation, the revenue is recognized after the customer has passed the installation acceptance; if the company fulfills its performance obligations within a certain period of time, the revenue is recognized when it obtains the workload confirmation form recognized by the customer.

2. Domestic consignment: The company's products have been shipped, and the revenue is recognized when the customer's receipt list is received.

3. Overseas sales: The company uses FOB, CIF and other methods to determine the transfer of control rights as agreed in the contract. Based on the contract, export declaration, bill of lading and other materials, revenue is recognized when the control rights of the goods are transferred to the customer.

3. Principles of income treatment for specific transactions

(1) Contract with sales return clause

When a customer obtains control of relevant goods, revenue is recognized based on the amount of consideration that the customer is expected to be entitled to receive for transferring the goods to the customer (i.e., excluding the amount expected to be refunded due to sales returns), and liabilities are recognized based on the amount expected to be refunded due to sales returns.

The book value of the goods that are expected to be returned when the goods are sold, minus the expected costs of recovering the goods (including the impairment of the value of the returned goods), is accounted for under the item "Return Costs Receivable".

(2) Contracts with quality assurance clauses

Evaluate whether the warranty provides a separate service beyond assuring the customer that the goods sold meet established standards. If the company provides additional services, it will be treated as a single performance obligation and accounted for in accordance with the provisions of the revenue standards; otherwise, the quality assurance liability will be accounted for in accordance with the accounting standards for contingencies.

(3) Sales contract with additional purchase options for customers

The Company evaluates whether the option provides the customer with a material right. If significant rights are provided, it will be regarded as a single performance obligation, and the transaction price will be allocated to the performance obligation. When the customer exercises the purchase option in the future to obtain control of the relevant goods, or when the option expires, the corresponding revenue will be recognized. If the stand-alone selling price of the customer's additional purchase option cannot be directly observed, it will be reasonably estimated after comprehensively considering the difference in discounts that the customer can obtain by exercising and not exercising the option, the possibility of the customer exercising the option, and other relevant information.

(4) Contract granting intellectual property license to customers

Evaluate whether the intellectual property license constitutes a single performance obligation. If it constitutes a single performance obligation, further determine whether it is performed within a certain period of time or at a certain point in time. If an intellectual property license is granted to a customer and it is agreed to charge royalties based on the customer's actual sales or usage, revenue will be recognized at the later of the following two times: the customer's subsequent sales or usage actually occurs; the company performs relevant performance obligations.

(5) After-sales buyback

1.) Contracts with repurchase obligations due to forward arrangements with customers: In this case, the customer does not obtain control of the relevant goods at the time of sale, so corresponding accounting treatment is performed as a leasing transaction or financing transaction. Among them, if the repurchase price is lower than the original selling price, it will be regarded as a lease transaction, and accounting treatment will be carried out in accordance with the relevant provisions of the accounting standards for enterprises; if the repurchase price is not lower than the original selling price, it will be regarded as a financing transaction, and financial liabilities will be recognized when the customer payment is received, and the difference between the payment and the repurchase price will be recognized as interest expenses during the repurchase period. If the company fails to exercise the repurchase right when it expires, the financial liabilities will be terminated and revenue will be recognized when the repurchase right expires.

2.) Contracts with repurchase obligations arising at the request of customers: If it is assessed that the customer has significant economic motivation, the after-sales repurchase will be treated as a leasing transaction or financing transaction and shall be accounted for in accordance with the provisions of Article 1); otherwise, it will be treated as a sales transaction with a sales return clause.

(6) Contracts that charge customers an initial fee that does not need to be returned

The non-refundable initial fee charged to the Client at (or close to) the start of the contract shall be included in the transaction price. The company has evaluated that the initial fee is related to the transfer of committed goods to customers, and if the goods constitute a single performance obligation, then when the goods are transferred, revenue will be recognized based on the transaction price allocated to the goods; the initial fee is related to the transfer of committed goods to customers, but the goods do not constitute a single performance obligation. If the obligation is fulfilled, revenue will be recognized based on the transaction price allocated to the individual performance obligation when the individual performance obligation containing the commodity is fulfilled; if the initial fee is not related to the transfer of the promised commodity to the customer, the initial fee will be regarded as an advance payment for the commodity to be transferred in the future, and will be recognized as revenue when the commodity is transferred in the future.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Similar business adopts different business models and involves different revenue recognition methods and measurement methods.

38. Contract costs

Contract fulfillment costs

The company's costs incurred to perform the contract are recognized as an asset as contract performance costs if they do not fall within the scope of other business accounting standards other than the revenue standards and meet the following conditions:

(1) The cost is directly related to a current or expected contract, including direct labor, direct materials, manufacturing overhead (or similar expenses), costs clearly borne by the customer, and other costs incurred solely because of the contract;

(2) This cost increases the company’s resources for fulfilling its performance obligations in the future.

(3) The cost is expected to be recovered.

The asset is reported in inventory or other non-current assets based on whether its amortization period at initial recognition exceeds one normal operating cycle. contract acquisition costs

The incremental costs incurred by the Company to obtain the contract are expected to be recovered and are recognized as an asset as the contract acquisition cost. Incremental costs refer to costs that the company would not incur without obtaining the contract, such as sales commissions, etc. If the amortization period does not exceed one year, it will be included in the current profit and loss when incurred.

Contract cost amortization

The above-mentioned assets related to contract costs are amortized on the same basis as the revenue from goods or services related to the assets, and are amortized at the time when the performance obligation is fulfilled or according to the performance progress of the performance obligation, and included in the current profit and loss.

Impairment of contract costs

If the book value of the above-mentioned assets related to contract costs is higher than the difference between the remaining consideration that the company expects to obtain from the transfer of the goods related to the asset and the estimated cost to be incurred for the transfer of the related goods, the excess shall be provided for impairment and recognized as asset impairment losses.

After the impairment provision is made, if the factors of impairment in the previous period change, causing the difference between the above two items to be higher than the book value of the asset, the asset impairment provision that was originally made will be reversed and included in the current profit and loss, but the book value of the asset after the reversal shall not exceed the book value of the asset on the date of reversal if no impairment provision is made.

39. Government subsidies

40. Type

Government subsidies are monetary assets and non-monetary assets that the company obtains free of charge from the government. According to the subsidy objects specified in relevant government documents, government subsidies are divided into asset-related government subsidies and income-related government subsidies.

Asset-related government subsidies refer to government subsidies obtained by the company and used to purchase, construct or otherwise form long-term assets. Government subsidies related to income refer to government subsidies other than government subsidies related to assets.

2. Confirmation of government subsidies

If there is evidence at the end of the period that the company can meet the relevant conditions stipulated in the financial support policy and is expected to receive financial support funds, the government subsidy will be recognized based on the amount receivable. In addition, government subsidies are recognized when they are actually received.

If government subsidies are monetary assets, they shall be measured based on the amount received or receivable. If the government subsidy is a non-monetary asset, it shall be measured at fair value; if the fair value cannot be obtained reliably, it shall be measured at the nominal amount (RMB 1). Government subsidies measured according to the nominal amount are directly included in the current profit and loss.

3. Accounting treatment method

The company determines whether a certain type of government subsidy business should adopt the gross method or the net method for accounting treatment based on the essence of the economic business. Under normal circumstances, the Company only chooses one method for the same or similar government subsidy business, and uses this method consistently for this business. Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Project accounting content

Categories of government subsidies calculated using the gross method Other government subsidies other than fiscal interest discount funds

Categories of government subsidies calculated using the net method Fiscal interest discount funds

Government subsidies related to assets should be offset against the book value of the relevant assets or recognized as deferred income. If government subsidies related to assets are recognized as deferred income, they shall be included in profits and losses in installments in a reasonable and systematic manner within the useful life of the assets constructed or purchased.

If government subsidies related to income are used to compensate the enterprise for relevant expenses or losses in the future period, they are recognized as deferred income, and are included in the current profit and loss or offset the relevant costs during the period when the relevant expenses or losses are recognized; if they are used to compensate the enterprise for the relevant expenses or losses that have already occurred, they are directly included in the current profits and losses or offset the relevant costs when they are obtained.

Government subsidies related to the daily activities of the enterprise are included in other income or offset related costs and expenses; government subsidies unrelated to the daily activities of the enterprise are included in non-operating income and expenses.

Government subsidies related to policy-based preferential loan interest discounts are received to offset related borrowing costs; if a policy-based preferential interest rate loan is obtained from a lending bank, the actual loan amount received is used as the entry value of the loan, and the relevant borrowing costs are calculated based on the loan principal and the policy-based preferential interest rate.

When a confirmed government subsidy needs to be returned, if the book value of the relevant assets is offset at the time of initial recognition, the book value of the assets is adjusted; if there is a balance of relevant deferred income, the book balance of the relevant deferred income is offset, and the excess is included in the current profit and loss; if there is no relevant deferred income, it is directly included in the current profit and loss.

40. Deferred income tax assets/deferred income tax liabilities

Deferred income tax assets and deferred income tax liabilities are calculated and recognized based on the difference (temporary difference) between the tax basis of assets and liabilities and their book value. 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.

1. Basis for recognizing deferred income tax assets

The Company recognizes deferred income tax assets arising from deductible temporary differences to the extent that it is likely to obtain taxable income that can be used to offset the deductible temporary differences and can be carried forward to deductible losses and tax credits in future years. However, deferred income tax assets arising from the initial recognition of assets or liabilities in transactions with the following characteristics will not be recognized: (1) The transaction is not a business combination; (2) When the transaction occurs, it neither affects accounting profits nor taxable income or deductible losses.

For deductible temporary differences related to investments in associates, corresponding deferred income tax assets are recognized if the following conditions are met: the temporary differences are likely to be reversed in the foreseeable future, and it is likely to be taxable income that can be used to offset the deductible temporary differences in the future.

2. Basis for recognizing deferred income tax liabilities

The company recognizes the taxable temporary differences payable and unpaid between the current period and previous periods as deferred income tax liabilities. But does not include:

(1) Temporary differences caused by the initial recognition of goodwill;

(2) Transactions or events that are not formed by a business combination, and when such transactions or events occur, they will neither affect accounting profits nor temporary differences resulting from taxable income (or deductible losses);

(3) For taxable temporary differences related to investments in subsidiaries and associates, the time of reversal of the temporary differences can be controlled and the temporary differences are likely not to be reversed in the foreseeable future.

41. Leasing

(1) Accounting treatment method for leasing as lessee

On the start date of the lease period, except for short-term leases and low-value asset leases that apply simplified treatment, the company recognizes right-of-use assets and lease liabilities for leases.

(1) Short-term leasing and low-value asset leasing

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

A short-term lease is a lease that does not include an option to purchase and has a term of 12 months or less. Low-value asset leases refer to leases with a lower value when a single leased asset is a new asset.

The company does not recognize right-of-use assets and lease liabilities for the following short-term leases and low-value asset leases. The relevant lease payments are included in the relevant asset cost or current profit and loss according to the straight-line method or other systematic and reasonable methods during each period during the lease term.

(2) Accounting policies for right-of-use assets and lease liabilities

1. Right-of-use assets

The company initially measures right-of-use assets at cost, which includes:

The initial measurement amount of the lease liability;

From the lease payment amount paid on or before the start date of the lease period, if there is a lease incentive, the amount related to the lease incentive that has been enjoyed will be deducted; the initial direct costs incurred by the company;

The costs that the Company expects to incur to dismantle and remove the leased assets, restore the site where the leased assets are located, or restore the leased assets to the state agreed upon in the lease terms (excluding costs incurred to produce inventories).

After the start date of the lease period, the Company adopts the cost model for subsequent measurement of right-of-use assets.

If it is reasonably certain that the ownership of the leased asset will be obtained at the expiration of the lease term, the Company will accrue depreciation over the remaining useful life of the leased asset. If it is not reasonably certain that the ownership of the leased asset will be obtained at the expiration of the lease term, the Company will accrue depreciation during the shorter of the lease term and the remaining useful life of the leased asset. For right-of-use assets for which impairment provisions have been made, depreciation will be made in future periods based on the book value after deducting impairment provisions in accordance with the above principles.

2. Lease liabilities

The Company initially measures lease liabilities based on the present value of the unpaid lease payments on the start date of the lease term. When calculating the present value of lease payments, the Company uses the interest rate implicit in the lease as the discount rate; if the interest rate implicit in the lease cannot be determined, the Company's incremental borrowing rate is used as the discount rate. Lease payments include:

The fixed payment amount and the actual fixed payment amount after deducting the amount related to the lease incentive;

Variable lease payments that depend on an index or rate;

Lease payments include the exercise price of the purchase option if the Company is reasonably certain that the option will be exercised;

To the extent that the lease term reflects that the Company will exercise the option to terminate the lease, the lease payments include payments required to exercise the option to terminate the lease;

The amount expected to be paid based on the residual value of the guarantee provided by the company.

The company calculates the interest expense of the lease liability in each period during the lease term based on a fixed discount rate, and includes it in the current profit and loss or related asset costs.

Variable lease payments that are not included in the measurement of lease liabilities should be included in the current profit and loss or related asset costs when actually incurred.

(2) Accounting treatment method for leasing as lessor

(1) Classification of leasing

The Company divides leases into finance leases and operating leases on the lease commencement date. A finance lease refers to a lease that substantially transfers substantially all the risks and rewards associated with ownership of the leased asset, and the ownership may or may not ultimately be transferred. Operating leases refer to leases other than finance leases.

If a lease has one or more of the following circumstances, the Company usually classifies it as a finance lease:

1. At the expiration of the lease term, the ownership of the leased asset is transferred to the lessee.

2. The lessee has the option to purchase the leased asset, and the purchase price established is sufficiently low compared with the fair value of the leased asset when the option is expected to be exercised, so that it is reasonably certain that the lessee will exercise the option on the lease commencement date.

3. Although the ownership of the asset is not transferred, the lease period accounts for the majority of the useful life of the leased asset.

4. On the lease commencement date, the present value of the lease receipts is almost equal to the fair value of the leased asset.

5. The leased assets are of special nature and can only be used by the lessee if no major modifications are made.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

If a lease has one or more of the following signs, the Company may also classify it as a finance lease:

1. If the lessee cancels the lease, the loss caused to the lessor by the cancellation of the lease shall be borne by the lessee.

2. Gains or losses arising from fluctuations in the fair value of the asset's residual value belong to the lessee.

3. The lessee has the ability to continue leasing to the next period at a rent well below the market level.

(2) Accounting treatment of financial leases

On the start date of the lease period, the Company recognizes finance lease receivables for finance leases and terminates the recognition of finance lease assets.

When the financial lease receivable is initially measured, the sum of the unguaranteed residual value and the present value of the lease receipts that have not been received at the beginning of the lease term discounted at the interest rate implicit in the lease is the entry value of the financial lease receivable. Lease receipts include:

1. The fixed payment amount and the actual fixed payment amount after deducting the amount related to the lease incentive;

2. Variable lease payments that depend on an index or rate;

3. When it is reasonably certain that the lessee will exercise the purchase option, the lease receipts include the exercise price of the purchase option;

4. If the lease term reflects that the lessee will exercise the option to terminate the lease, the lease receipts include the payment required by the lessee to exercise the option to terminate the lease;

5. The guaranteed residual value provided to the lessor by the lessee, a party related to the lessee and an independent third party with the financial ability to fulfill the guarantee obligations.

The company calculates and recognizes interest income for each period during the lease term based on the fixed interest rate implicit in the lease. The variable lease payments obtained that are not included in the measurement of the net lease investment are included in the current profit and loss when they actually occur.

(3) Accounting treatment of operating leases

The company uses the straight-line method or other systematic and reasonable methods in each period of the lease term to recognize the lease receipts from the operating lease as rental income; the initial direct expenses related to the operating lease are capitalized, and are amortized on the same basis as the rental income recognition during the lease period, and included in the current profit and loss in installments; the variable lease payments related to the operating lease that are not included in the lease receipts are included in the current profit and loss when they actually occur.

42. Other important accounting policies and accounting estimates

Termination of operations

The Company will recognize an individually distinguishable component that meets one of the following conditions and that component has been disposed of or classified as held for sale as a discontinued operating component:

(1) This component represents an independent major business or a separate major operating area.

(2) The component is part of an associated plan to dispose of an independent main business or an independent main operating area.

(3) The component is a subsidiary acquired exclusively for resale.

Impairment losses and reversal amounts from discontinued operations and other operating gains and losses and disposal gains and losses are presented in the income statement as gains and losses from discontinued operations.

Safety production fee

The safety production fees withdrawn by the company in accordance with national regulations are included in the cost of related products or current profits and losses, and are also recorded in the "special reserve" account. If the use of extracted safety production costs time and is an expense, it will be directly offset against the special reserve. If a fixed asset is formed, the expenditure incurred is collected through the "construction in progress" account and is recognized as a fixed asset when the safety project is completed and reaches the intended usable state; at the same time, the special reserve is offset according to the cost of forming the fixed asset, and the accumulated depreciation of the same amount is recognized. This fixed asset will no longer be depreciated in future periods. debt restructuring

1. The Company as debtor

The debt is derecognised when the current obligation of the debt is discharged. Specifically, when the uncertainty about the execution process and results of the debt restructuring agreement is eliminated, the gains and losses related to the debt restructuring are recognized.

If debt reorganization is carried out by repaying debts with assets, the company will terminate the recognition when the relevant assets and the debts paid off meet the conditions for derecognition, and the difference between the book value of the debts paid off and the book value of the transferred assets shall be included in the current profit and loss.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

If the debt is converted into equity instruments for debt restructuring, the company will derecognize the debt when the repaid debt meets the conditions for derecognition. When the company initially recognizes an equity instrument, it is measured based on the fair value of the equity instrument. If the fair value of the equity instrument cannot be measured reliably, it is measured based on the fair value of the debt repaid. The difference between the book value of the debt repaid and the recognized amount of the equity instrument is included in the current profit and loss.

If debt restructuring is carried out by modifying other terms, the company shall recognize and measure the restructured debt in accordance with the provisions of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments" and "Accounting Standards for Business Enterprises No. 37 - Presentation of Financial Instruments".

If multiple assets are used to repay debts or a combination is used to reorganize debts, the company recognizes and measures equity instruments and restructured debts in accordance with the aforementioned methods. The difference between the book value of the debts repaid and the book value of the transferred assets and the confirmed amount of equity instruments and restructured debts is included in the current profit and loss.

2. The Company as a creditor

The creditor's rights are derecognised when the contractual rights to receive the creditor's cash flows expire. Specifically, when the uncertainty about the execution process and results of the debt restructuring agreement is eliminated, the gains and losses related to the debt restructuring are recognized.

If debt reorganization is carried out by means of assets repaying debts, when the company initially recognizes assets other than the transferred financial assets, it will be measured at cost. The cost of the inventory includes the fair value of the relinquished claim and other costs directly attributable to the asset such as taxes, transportation fees, loading and unloading fees, insurance premiums and other costs incurred to bring the asset to its current location and status. The cost of an investment in an associate or joint venture includes the fair value of the relinquished claims and other costs such as taxes directly attributable to the asset. The cost of investment real estate includes the fair value of the relinquished claims and other costs such as taxes that are directly attributable to the asset. The cost of a fixed asset includes the fair value of the relinquished claim and other costs directly attributable to the asset such as taxes, transportation fees, loading and unloading fees, installation fees, professional service fees and other costs incurred before the asset reaches its intended usable condition. The cost of intangible assets includes the fair value of the relinquished claims and other costs that are directly attributable to taxes and other costs incurred in bringing the asset to its intended use. The difference between the fair value of the relinquished claim and the book value is included in the current profit and loss.

If debt restructuring by converting debt into equity instruments results in the company converting claims into equity investments in associates or joint ventures, the company measures its initial investment cost based on the fair value of the relinquished claims and taxes and other costs directly attributable to the asset. The difference between the fair value of the relinquished claim and the book value is included in the current profit and loss.

If debt restructuring is carried out by modifying other terms, the company shall confirm and measure the restructured claims in accordance with the provisions of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments".

If multiple assets are used to repay debts or debt restructuring is carried out through combination, the transferred financial assets and restructured claims shall first be confirmed and measured in accordance with the provisions of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments", and then the net amount of the fair value of the relinquished claims minus the confirmation amount of the transferred financial assets and restructured claims shall be distributed according to the proportion of the fair value of various assets other than the transferred financial assets, and based on this, the cost of each asset shall be determined separately according to the aforementioned method. The difference between the fair value of the relinquished claim and the book value is included in the current profit and loss.

43. 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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

44. Others

6. Taxes

1. Main tax types and tax rates

Type of tax Tax calculation basis The tax rate is calculated according to the provisions of the tax law on sales of goods and taxable labor.

The output tax is calculated based on the business income. After deducting the value-added tax of 13%, 9%, 6% and 5% of the input tax allowed to be deducted in the current period, the difference is

VAT payable

Urban maintenance and construction tax turnover tax payable 7%

Corporate income tax: Taxable income 28%, 25%, 17%, 16.5%, 34% Education surcharge Amount of turnover tax payable 3% Local education surcharge Amount of turnover tax payable 2%

If there are taxpayers with different corporate income tax rates, a description of the disclosure

Name of tax payer Income tax rate Zhangjiagang Furui Special Equipment Co., Ltd. 25% Zhangjiagang Furui Cryogenic Technology Co., Ltd. 15% Hong Kong Furui Industrial Investment Co., Ltd. 16.5% Zhangjiagang Furui Heavy Equipment Co., Ltd. 15% Zhangjiagang Furui New Energy Technology Co., Ltd. 15% Te Anjie (Jiangsu) New Energy Technology Co., Ltd. 25% Jiangsu Changlong Petrochemical Equipment Co., Ltd. 15% Shanghai Furui Special Equipment Investment Management Co., Ltd. 25% Zhangjiagang First Clean Energy Vehicle Application Co., Ltd. 25% Zhangjiagang Furui New Energy Intelligent System Co., Ltd. 25% Shaanxi Hongcheng New Energy Co., Ltd. 25% FURUISE(SINGAPORE) INVESTMENT HOLDING PTE.LTD. 17% FURUISE EUROPE COMPANY,S.L. 28% FURUI-SIXTEE ENGINEERING PTE.LTD. 17% FURUI ENERGY SERVICE INVESTMENT PTE. LTD. 17% FURUI DO BRASIL LTDA 34% FURUI ENERGY 17% Zhangjiagang Furui Valve Co., Ltd. 15% Zhangjiagang Best Technology Industry Consulting Enterprise (Limited Partnership)

Jiangsu Furui Energy Services Co., Ltd. 15% Chongqing Furui Energy Services Co., Ltd. 25% Sichuan Ruike New Energy Technology Services Co., Ltd. 25% Zhangjiagang Ruijing Power Technology Co., Ltd. 25% Shanghai Furui Hydrogen New Energy Technology Co., Ltd. 25% Sichuan Ruikun Energy Services Co., Ltd. 25% Chongqing Ruichuan Energy Services Co., Ltd. 15% Zhangjiagang Ruibo Intelligent Equipment Co., Ltd. 25% Sichuan Ruijin New Energy Technology Services Co., Ltd. 25% Sichuan Furui Energy Services Co., Ltd. 25% Guizhou Ruifeng Energy Services Co., Ltd. 25% Furui Energy Technology (Shanghai) Co., Ltd. 25% PT FURUI ENERGY INDONESIA 22%

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Tax incentives

The subsidiary Furui Shenleng was reviewed and approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, the Jiangsu Provincial Department of Finance, and the Jiangsu Provincial Taxation Bureau of the State Administration of Taxation in December 2024. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

The subsidiary Chimelong Equipment was reviewed and approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, the Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau in November 2023. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

The subsidiary Heavy Equipment was reviewed and approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau in November 2025. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

The subsidiary Furui Valve was reviewed and approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau in November 2024. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

The subsidiary Furui Nengfu was approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, the Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau in November 2025. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

The subsidiary Furui New Energy Technology was approved as a high-tech enterprise by the Jiangsu Provincial Department of Science and Technology, the Jiangsu Provincial Department of Finance, and the State Administration of Taxation Jiangsu Provincial Taxation Bureau in November 2025. It is valid for three years and has an actual preferential tax rate of 15%. Therefore, the corporate income tax is calculated and paid at the rate of 15% for this period.

According to the "Notice on Tax Policy Issues Related to the In-depth Implementation of the Western Development Strategy" (Caishui [2011] No. 58) and the "Announcement of the Ministry of Finance, State Administration of Taxation and National Development and Reform Commission on the Continuation of the Corporate Income Tax Policy for the Western Development" (Ministry of Finance Announcement No. 23, 2020), Chongqing Ruichuan meets the conditions for the preferential income tax rate for the Western Development and pays corporate income tax at a rate of 15%.

3. Others

7. Notes on Consolidated Financial Statement Items

1. Monetary funds

Unit: Yuan

Item Ending balance Beginning balance

Cash on hand 377,114.60 430,993.79 Bank deposits 678,784,644.87 873,720,631.82 Other monetary funds 212,488,340.79 228,484,920.37 Total 891,650,100.26 1,102,636,545.98

Including: Total amount deposited abroad 76,219,851.81 93,101,382.16

Other instructions

The details of restricted monetary funds are as follows:

Item Ending balance Beginning balance

Guarantee deposit 157,344,219.92 164,727,174.82

Bank acceptance bill deposit 55,144,120.87 62,756,126.94

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Security deposit for forward foreign exchange settlement and sales 25,980.20 Judicial frozen funds 975,638.41

Total 212,488,340.79 228,484,920.37

2. Trading financial assets

Unit: Yuan

Item Ending balance Beginning balance

Measured at fair value with changes included in current profit and loss

1,946,638.81 2,034,104.99 beneficial financial assets

Among them:

Derivative financial assets 1,946,638.81 2,034,104.99 of which:

Total 1,946,638.81 2,034,104.99Other instructions:

3. Derivative financial assets

Unit: Yuan

Item Ending balance Beginning balance

Other notes:

4. Notes receivable

(1) Classified presentation of notes receivable

Unit: Yuan

Item Ending balance Beginning balance

Commercial acceptance notes 29,400.00 1,182,060.29 Total 29,400.00 1,182,060.29

(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

its

Medium:

By combination 30,000. 29,400. 4,892,2 3,710,2 1,182,0

100.00% 600.00 2.00% 100.00% 75.84%

Bad provision 00 00 65.60 05.31 60.29 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Account preparation

receivables

bill

its

Medium:

Business

30,000. 29,400. 4,892,2 3,710,2 1,182,0 Acceptance 100.00% 600.00 2.00% 100.00% 75.84%

00 00 65.60 05.31 60.29 votes

30,000. 29,400. 4,892,2 3,710,2 1,182,0Total 100.00% 600.00 100.00%

00 00 65.60 05.31 60.29 Category name of bad debt provision by combination:

Unit: Yuan ending balance

Name

Book balance Bad debt provision Provision ratio

Commercial acceptance bill 30,000.00 600.00 2.00% Total 30,000.00 600.00

Description of what this combination is based on:

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 Opening balance Ending balance Provision Recovery or transfer Write-off Others

Bad provision based on combination

Account provision receivable 3,710,205.31 600.00 3,710,205.31 600.00 bills

Total 3,710,205.31 600.00 3,710,205.31 600.00 Among them, the amount of bad debt provision recovery or reversal in the current period is important:

□Applicable Not applicable

(4) Notes receivable pledged by the company at the end of the period

Unit: Yuan Project Amount pledged at the end of the period

(5) Notes receivable that have been endorsed or discounted by the company at the end of the period and have not yet matured on the balance sheet date

Unit: Yuan Item Amount derecognized at the end of the period Amount not derecognized at the end of the period

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(6) Notes receivable actually written off in the current period

Unit: Yuan

Item Write-off Amount

Among them, the important write-off of bills receivable:

Unit: Whether the Yuan amount is paid by the related unit, nature of the note receivable, write-off amount, reason for write-off, write-off procedures performed

Instructions for writing off notes receivable resulting from transactions:

5. Accounts receivable

(1) Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 508,956,957.90 618,075,646.13 1 to 2 years 142,139,945.78 177,990,608.63 2 to 3 years 83,442,460.35 24,601,011.33 More than 3 years 169,572,097.44 158,288,509.09 3 to 4 years 18,489,264.98 7,629,049.03 4 to 5 years 13,924,992.07 27,758,809.93

More than 5 years 137,157,840.39 122,900,650.13 Total 904,111,461.47 978,955,775.18

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

By item

bad provision

95,932, 95,932, 96,217, 96,217,

Account preparation 10.61% 100.00% 9.83% 100.00%

317.32 317.32 659.48 659.48

receivables

Accounts

its

Medium:

by combination

bad provision

808,179 102,698 705,481 882,738 91,436, 791,301 Account provisions 89.39% 12.71% 90.17% 10.36%

,144.15 ,072.22 ,071.93 ,115.70 848.21 ,267.49 receivables

Accounts

its

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Medium:

Goods sold 808,179 102,698 705,481 882,738 91,436, 791,301

89.39% 12.71% 90.17% 10.36%

Payment ,144.15 ,072.22 ,071.93 ,115.70 848.21 ,267.49

904,111 198,630 705,481 978,955 187,654 791,301Total 100.00% 21.97% 100.00% 19.17%

,461.47 ,389.54 ,071.93 ,775.18 ,507.69 ,267.49

Category name of bad debt provision for individual items:

Unit: Yuan

Beginning balance Closing balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Jilin Province Tianfuneng

14,247,433.6 14,247,433.6 14,247,433.6 14,247,433.6

Source Group Co., Ltd. 100.00% is not expected to be recovered

5 5 5 5

Division

Jinhua Youth Automobile

8,700,755.06 8,700,755.06 8,700,755.06 8,700,755.06 100.00% Not expected to be recovered Manufacturing Co., Ltd.

Mountain things can be natural

Gas Utilization Co., Ltd. 6,518,660.45 6,518,660.45 6,518,660.45 6,518,660.45 100.00% It is expected that the company cannot be recovered

Yunnan Luda Financial Intelligence

Industrial Co., Ltd. 4,569,500.00 4,569,500.00 4,569,500.00 4,569,500.00 100.00% It is expected that the company cannot be recovered

Sunshine Tenaga Nasional Bhd (North

Beijing) Technology and Trade Co., Ltd. 4,545,550.00 4,545,550.00 4,545,550.00 4,545,550.00 100.00% It is expected that the company cannot be recovered

PT ladang

4,084,368.85 4,084,368.85 3,936,141.56 3,936,141.56 100.00% Teknik is not expected to be recovered

Huizhou Zhongtai Automobile

Yun Energy Co., Ltd. 3,774,400.00 3,774,400.00 3,774,400.00 3,774,400.00 100.00% It is expected that the company cannot be recovered

Qingyang Zhongyue Energy

3,680,000.00 3,680,000.00 3,680,000.00 3,680,000.00 100.00% Limited liability company is not expected to be recovered

Shandong Kerui Petroleum

Natural Gas Engineering Group 3,642,709.45 3,642,709.45 3,642,709.45 3,642,709.45 100.00% It is expected that the Group Co., Ltd. cannot be recovered

Jinmei Logistics Co., Ltd.

3,340,020.00 3,340,020.00 3,340,020.00 3,340,020.00 100.00% It is expected that the company cannot recover

Fuxin Guangtai Industrial

2,817,375.00 2,817,375.00 2,817,375.00 2,817,375.00 100.00% Limited liability company is not expected to be recovered

Wuan Xinjie Energy

Technology Development Co., Ltd. 2,631,000.00 2,631,000.00 2,631,000.00 2,631,000.00 100.00% It is expected that the company cannot be recovered

Shanxi Guoyun Liquefaction

Natural Gas Development Co., Ltd. 2,179,544.86 2,179,544.86 2,179,544.86 2,179,544.86 100.00% is not expected to be recovered

Zaozhuang Xineng Xinyuan

Utilization of large natural gas 2,145,921.24 2,145,921.24 2,145,921.24 2,145,921.24 100.00% Expected to be unrecoverable Co., Ltd.

Urumqi City

Shengda Environmental Protection Technology 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 100.00% Expected to be unrecoverable Co., Ltd.

Jinzhong Jinmei Logistics

1,582,500.00 1,582,500.00 1,582,500.00 1,582,500.00 100.00% Expected to be unrecoverable Transportation Co., Ltd.

Zhangjiagang Shipping Ruidong

1,571,657.10 1,571,657.10 1,571,657.10 1,571,657.10 100.00% Estimated irrecoverability Co., Ltd.

Dali remote car

1,339,034.81 1,339,034.81 1,339,034.81 1,339,034.81 100.00% Expected to be unrecoverable Sales Service Limited

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

company

Sichuan Yongsheng Yihua

1,305,381.70 1,305,381.70 1,305,381.70 1,305,381.70 100.00% Expected to be unrecoverable Energy Co., Ltd.

Hamworthy

Oil & Gas 1,101,110.37 1,101,110.37 967,936.23 967,936.23 100.00% Systems AS is not expected to be recovered

Linyi Xineng Natural

Gas Utilization Co., Ltd. 1,090,500.00 1,090,500.00 1,090,500.00 1,090,500.00 100.00% It is expected that the company cannot recover

Guanghuitian, Wusu City

1,026,000.00 1,026,000.00 1,026,000.00 1,026,000.00 100.00% Natural Gas Co., Ltd. is not expected to be recovered

Xi'an City Ruo Fiber Merchant

1,016,133.36 1,016,133.36 1,016,133.36 1,016,133.36 100.00% It is expected that it cannot be recovered Trading Co., Ltd.

Other sporadic 178 17,708,103.5 17,708,103.5 17,704,162.8 17,704,162.8

100.00% Expected to be unable to recover customers 8 8 5 5

96,217,659.4 96,217,659.4 95,932,317.3 95,932,317.3

total

8 8 2 2

Category name of provision for bad debts by combination: Sales payment

Unit: Yuan

Ending balance

Name

Book balance Bad debt provision Provision ratio

Within 1 year 508,956,957.90 10,179,139.16 2.00% 1-2 years 142,139,945.78 14,213,994.58 10.00% 2-3 years 83,442,460.35 16,688,492.07 20.00% 3-4 years 18,485,217.55 9,242,608.78 50.00% 4-5 years 13,903,624.58 11,122,899.64 80.00% More than 5 years 41,250,937.99 41,250,937.99 100.00% total 808,179,144.15 102,698,072.22

Description of what this combination is based on:

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 debts of accounts receivable 187,654,507. 14,211,967.3 198,630,389.

2,856,861.80 215,010.00 -164,213.74

Prepare 69 9 54

187,654,507. 14,211,967.3 198,630,389. Total 2,856,861.80 215,010.00 -164,213.74

69 9 54

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan

Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its reasonableness

sex

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(4) Accounts receivable actually written off in the current period

Unit: Yuan

Item Write-off Amount

Actual write-off of accounts receivable 215,010.00 Among them, the important write-off of accounts receivable:

Unit: Yuan

Whether the amount is paid by the related unit, the nature of the accounts receivable, the write-off amount, the reason for the write-off, the write-off procedures performed

Instructions for writing off accounts receivable arising from transactions:

(5) Accounts receivable and contract assets with the top five closing balances collected by debtors

Unit: Yuan

Accounts receivable and combined, accounts receivable, bad debts, quasi-accounts receivable, ending balance, contract assets, ending balance, accounts receivable and contracts

Unit name Closing balance of same assets Provision and contract asset reduction amount Closing balance of assets

Proportion of total amount Value preparation closing balance FAW Jiefang Qingdao Automobile

51,610,055.42 51,610,055.42 5.60% 1,032,201.11 Car Co., Ltd.

Wison Engineering (China)

46,790,087.08 46,790,087.08 5.07% 4,679,008.71 Co., Ltd.

Dongfeng Commercial Vehicle Co., Ltd.

45,282,072.54 45,282,072.54 4.91% 905,641.45 Company

Shaanxi Heavy Duty Truck Co., Ltd.

38,899,343.12 38,899,343.12 4.22% 777,986.86 Co., Ltd.

WARTSILA

31,699,774.58 31,699,774.58 3.44% 633,995.49 FINLAND OY

Total 214,281,332.74 214,281,332.74 23.24% 8,028,833.62

6. Contract assets

(1) Contract assets

Unit: Yuan

Ending balance Beginning balance

Project

Book balance Bad debt provision Book value Book balance Bad debt provision Book value 18,177,886.5 14,731,489.5 21,258,563.8 16,973,063.0 Contract assets 3,446,397.02 4,285,500.79

8 6 2 3 18,177,886.5 14,731,489.5 21,258,563.8 16,973,063.0Total 3,446,397.02 4,285,500.79

8 6 2 3

(2) Amount and reasons of major changes in book value during the reporting period

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Item Amount of change Reason for change

(3) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value Example

its

Medium:

its

Medium:

Number of categories of bad debt provisions accrued by combination: 0

Provision for bad debts based on the general expected credit loss model

□Applicable Not applicable

(4) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Item Provision in the current period Recovery or transfer in the current period Write-off/write-off in the current period Reasons

Contract assets 636,975.58 1,476,079.35

Total 636,975.58 1,476,079.35 ——

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other instructions

(5) Contract assets actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of contract assets

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

Instructions for writing off contract assets generated by transactions:

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

7. Accounts receivable financing

(1) Classified presentation of financing receivables

Unit: Yuan Item Ending balance Beginning balance

Bank acceptance bill 255,588,333.34 154,238,718.00 Total 255,588,333.34 154,238,718.00

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value Example

Among them:

Among them:

Provision for bad debts based on the general expected credit loss model

Unit: Yuan Phase 1 Phase 2 Phase 3

Expected credit throughout the lifetime Credit expected throughout the lifetime

Provision for bad debts Expected credit in the next 12 months Total

Loss (no credit deduction has occurred Loss (credit deduction has occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

Explanation of significant changes in the book balance of accounts receivable financing that have experienced changes in loss provisions in the current period:

(3) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (4) Financing of the company’s pledged receivables at the end of the period

Unit: Yuan Project Amount pledged at the end of the period

(5) Financing of receivables that have been endorsed or discounted by the company at the end of the period and have not yet matured on the balance sheet date

Unit: Yuan Item Amount derecognized at the end of the period Amount not derecognized at the end of the period

Bank acceptance draft 506,676,622.94

Total 506,676,622.94

(6) Financing of receivables actually written off in the current period

Unit: yuan item write-off amount

Important financing write-offs of receivables

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

(7) Increases and decreases in receivables financing during the current period and changes in fair value

(8) Other instructions

8. Other receivables

Unit: Yuan Item Ending balance Beginning balance

Other receivables 14,012,321.29 12,996,262.16 Total 14,012,321.29 12,996,262.16 (1) Interest receivable

1. Classification of interest receivable

Unit: Yuan Item Ending balance Beginning balance

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report 2) Important Overdue Interest

Unit: Yuan Whether impairment occurs and the borrowing unit is judged. Ending balance Overdue time Reason for overdue

Judgment basis

Other notes:

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

5. Interest receivable actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of interest receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

Other notes:

(2) Dividends receivable

1. Classification of dividends receivable

Unit: yuan project (or invested unit) Ending balance Beginning balance

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report 2) Important dividends receivable aged more than 1 year

Unit: Yuan Whether impairment occurs and the judgment item (or invested unit) Closing balance Aging Reason for non-recovery

Judgment basis

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

5. Dividends receivable actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off of dividends receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

Other notes:

(3) Other receivables

1. Classification of other receivables according to nature of payment

Unit: yuan Nature of payment Ending book balance Beginning book balance

Employee loans 1,763,443.50 542,651.35 Guarantees and deposits 12,307,734.64 14,378,433.93 Unit transactions 21,130,284.34 18,249,567.45

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Others 1,629,598.57 1,309,070.46 Total 36,831,061.05 34,479,723.19

2. Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 6,259,292.72 9,438,252.43 1 to 2 years 5,671,195.51 5,728,652.96 2 to 3 years 1,701,825.00 3,135,778.00 More than 3 years 23,198,747.82 16,177,039.80 3 to 4 years 2,778,650.90 223,089.90 4 to 5 years 116,644.82 20,500.00

More than 5 years 20,303,452.10 15,933,449.90 Total 36,831,061.05 34,479,723.19

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

21,483,461.0 22,818,739.7 Bad debt provision 1,380,371.86 45,074.16 -18.98

3 5

21,483,461.0 22,818,739.7 Total 1,380,371.86 45,074.16 -18.98

3 5

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its reasonableness

sex

5. Other receivables actually written off in the current period

Unit: Yuan

Item Write-off Amount

Important write-offs of other receivables:

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Whether the amount is paid by related entities, the nature of other receivables, the write-off amount, the reason for the write-off, the write-off procedures performed

Instructions for writing off other receivables arising from transactions:

6. Other receivables with the top five closing balances based on debtors

Unit: Yuan accounted for other receivable period

Name of the unit with the ending balance of bad debt provision Nature of the payment Ending balance Aging Total ending balance

Um

Proportion

Shandong Zhonghuan Yue Shengneng

Current accounts of the unit 4,481,422.48 2-3 years 12.17% 4,481,422.48Yuan Development Co., Ltd.

PetroChina 1-2 years, 2-3 years,

Margin 3,578,300.00 9.72% 1,155,870.00 Co., Ltd. 3-4 years

Daqing Oilfield Longfengshi

Margin 2,918,312.50 1-2 years, 2-3 years 7.92% 391,831.25 Industry Co., Ltd.

China Chemical Engineering No.

Fourteenth Construction Co., Ltd. Unit current funds 2,712,167.70 More than 5 years 7.36% 2,712,167.70 Company

Salof Refri

Current accounts of the unit 2,191,525.66 More than 5 years 5.95% 2,191,525.66 generation Co,Inc

Total 15,881,728.34 43.12% 10,932,817.09

7. Presented in other receivables due to centralized management of funds

Unit: Yuan Other instructions:

9. Advance payment

(1) Prepayments are listed based on aging

Unit: Yuan Ending balance Beginning balance

Aging

Amount Ratio Amount Ratio

Within 1 year 95,466,176.42 88.22% 67,009,182.86 89.59% 1 to 2 years 6,766,981.66 6.25% 5,289,076.53 7.07% 2 to 3 years 3,251,752.17 3.01% 1,113,369.40 1.49% More than 3 years 2,732,359.60 2.52% 1,382,803.16 1.85% Total 108,217,269.85 74,794,431.95

Explanation of the reasons why prepayments with an aging of more than 1 year and significant amounts are not settled in a timely manner:

There were no significant prepayments aged more than one year at the end of the period.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (2) Prepayments of the top five closing balances by prepayment objects

Unit name Closing balance Proportion of total prepayments (%) Prepayment time Reason for unsettled MIB ITALIANA S.P.A 8,994,676.49 8.31% Within 1 year Prepayment not settled PT PERTAGAS NIAGA 6,285,308.84 5.81% Within 1 year Prepayment not settled TISCO East China (Jiangsu) Sales Co., Ltd. 4,589,490.81 4.24% Within 1 year Unsettled advance payment Nanjing Iron and Steel Co., Ltd. 4,313,017.94 3.99% Within 1 year Unsettled advance payment Jiangsu Runbang New Materials Group Co., Ltd. 3,878,620.00 3.58% Total unsettled advance payment 28,061,114.08 25.93%

Other notes:

10. Inventory

Whether the company needs to comply with the real estate industry’s disclosure requirements

No

(1) Inventory classification

Unit: Yuan Ending balance Beginning balance

Provision for inventory decline Provision for inventory decline

Project

Book balance or contract performance costs Book value Book balance or contract performance costs Book value impairment provision This impairment provision

179,419,956. 18,455,131.0 160,964,825. 166,612,503. 18,676,448.4 147,936,055. Raw materials

69 7 62 62 5 17

177,327,243. 174,279,515. 372,569,563. 367,431,195. Products in progress 3,047,728.06 5,138,367.91

49 43 51 60

558,766,176. 29,050,385.6 529,715,790. 254,654,647. 33,180,888.5 221,473,759. Inventory products

31 4 67 59 7 02

915,513,376. 50,553,244.7 864,960,131. 793,836,714. 56,995,704.9 736,841,009.Total

49 7 72 72 3 79 (2) Data resources confirmed as inventory

Unit: Data resources processed by Yuan itself Data obtained through other methods

Item Outsourced data resource inventory Total

Inventory Resource Inventory

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (3) Provision for inventory decline and provision for impairment of contract performance costs

Unit: Yuan Increase amount in this period Decrease amount in this period

Item Opening balance Ending balance Provision Others Reversal or write-off Others

18,676,448.4 18,455,131.0 Raw materials 221,317.38

5 7 Work in progress 5,138,367.91 2,090,639.85 3,047,728.06 33,180,888.5 29,050,385.6 Inventory goods 4,130,502.93

7 4 56,995,704.9 50,553,244.7Total 6,442,460.16

3 7

Provision for inventory decline in value on a group basis

Unit: End of Yuan period Beginning of period

Portfolio name Provision for price decline Provision for decline in price Closing balance of provision for decline in price Provision for decline in price Opening balance Provision for decline in price

Proportion Proportion

Standards for accruing inventory depreciation provisions on a group basis

(4) Explanation that the closing balance of inventory includes the capitalized amount of borrowing costs

(5) Explanation of the amortization amount of contract performance costs for the current period

11. Assets held for sale

Unit: Yuan Item Book balance at the end of the period Impairment provision Book value at the end of the period Fair value Estimated disposal costs Estimated disposal time Other instructions

12. Non-current assets due within one year

Unit: Yuan Item Ending balance Beginning balance

(1) Debt investments due within one year

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (2) Other debt investments due within one year

□Applicable Not applicable

13. Other current assets

Unit: Yuan Item Ending balance Beginning balance

Prepaid corporate income tax 3,484,521.40 37,517.08 Value-added tax deduction 30,613,265.63 21,124,191.57 Total 34,097,787.03 21,161,708.65 Compensatory asset related information

Other notes:

14. Debt investment

(1) Situation of debt investment

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Changes in book value Debt investment impairment provision for the period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

(2) Important debt investments at the end of the period

Unit: Yuan Ending balance Beginning balance

claims

Coupon interest Actual interest Overdue principal Coupon interest Actual interest Overdue principal Face value Maturity date Face value Maturity date

rate rate gold rate rate gold

(3) Provision of impairment provisions

Unit: Yuan Phase 1 Phase 2 Phase 3

Expected credit throughout the lifetime Credit expected throughout the lifetime

Provision for bad debts Expected credit in the next 12 months Total

Loss (no credit deduction has occurred Loss (credit deduction has occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(4) Debt investment actually written off in this period

Unit: yuan item write-off amount

Among them, the important write-off of debt investment

Debt investment write-off instructions:

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

Other notes:

15. Other debt investments

(1) Situation of other debt investments

Unit: yuan accumulated in its

He comprehensively collects

Fair for the current period Fair for the cumulative period

Item Opening balance Accrued interest Interest adjustment Closing balance Cost Recognition in profit Remarks Value changes Value changes

impairment standard

Prepare

Changes in impairment provisions for other debt investments during the current period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Ending balance

(2) Other important debt investments at the end of the period

Unit: Yuan Ending balance Beginning balance

Other debts

Coupon interest Actual interest Overdue capital Coupon interest Actual interest Overdue capital items Face value Maturity date Face value Maturity date

rate rate gold rate rate gold

(3) Provision of impairment provisions

Unit: Yuan Phase 1 Phase 2 Phase 3

Expected credit throughout the lifetime Credit expected throughout the lifetime

Bad debt provision Expected total credit losses in the next 12 months (no credit deductions have occurred Losses (credit deductions have occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Basis for division of each stage and provision ratio for bad debts

(4) Other debt investments actually written off in the current period

Unit: Yuan

Item Write-off Amount

Among them, the write-off of other important debt investments

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

Other notes:

16. Investment in other equity instruments

Unit: Yuan

Designated as fair value included in the current period Included in the current period Accumulated in the current period Accumulated in the current period

Confirmed and measured in the current period and its

Other comprehensive Other comprehensive Included in it Included in it

Item name Dividend income at the beginning of the period Dividend income at the end of the period Changes included in income Loss of income Other comprehensive income Other comprehensive income

Income Other comprehensive gains and losses Gains and losses

original income

Because Jiangsu Xinjie

New energy has

Co., Ltd. 13,133,45 13,133,45 (hereinafter referred to as Jiangsu New

Czech)

Liang, Wuyuan County

Shandong Yuche

vehicle limited liability

Ren company

(hereinafter referred to as

Called Wuyuanliang

mountain)

Uradzhong

Qijiayue Yun 1,124,800 1,124,800 Transport Co., Ltd. .00 .00 Company

Dongfeng Special Automobile

(Shiyan)

Special vehicles are available

Ltd.

Jilin Province Rui

Da Gas has

Ltd.

(hereinafter referred to as

Jilin Rui

up to)

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

14,258,25 14,258,25

total

8.39 8.39

There is termination confirmation in this period

Unit: Yuan Project name Accumulated gains transferred to retained earnings Accumulated losses transferred to retained earnings Reasons for derecognition disclosed in items for non-trading equity instrument investments in the current period

Unit: Yuan designated as fair

Other comprehensive income Dividend income measured in value and recognized in other comprehensive income

Project name Accumulated profits Accumulated losses Transfer to retained earnings Changes are included in other Transfer to retained earnings

The amount of comprehensive income is due to

Jiangsu Xinjie 539,566.65 strategic investment

Wuyuan Liangshan Strategic Investment

Wulatezhongqijia

Yue Transportation Co., Ltd. Strategic Investment

Division

Dongfeng Special Auto(10)

45,000,000.0

Yan) special vehicles have strategic investment

Ltd.

17,200,000.0

Jilin Ruida strategic investment

62,739,566.6

total

Other notes:

Note: Wuyuan County Liangshan Dongyue Vehicle Co., Ltd. has a book balance of 5.149 million yuan in original available-for-sale financial assets, and has made full provision for impairment, which will be transferred in after the implementation of the new financial instrument standards in 2019.

17. Long-term receivables

(1) Long-term receivables

Unit: Yuan Ending balance Beginning balance

Item Discount rate range Book balance Bad debt provision Book value Book balance Bad debt provision Book value

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value Example

Among them:

Among them:

Provision for bad debts based on the general expected credit loss model

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Phase One Phase Two Phase Three

Expected credit throughout the lifetime Credit expected throughout the lifetime

Provision for bad debts Expected credit in the next 12 months Total

Loss (no credit deduction has occurred Loss (credit deduction has occurred)

loss

value) value)

Balance as of January 1, 2026

In this issue

Basis for division of each stage and provision ratio for bad debts

(3) Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

(4) Long-term receivables actually written off in the current period

Unit: yuan item write-off amount

Among them, the important write-off situation of long-term receivables:

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Instructions for writing off long-term receivables:

18. Long-term equity investment

Unit: Yuan Increase or decrease in the current period

Beginning of period Equity declaration End of period

Impairment Impairment investment balance Other disbursement balance under the law

Preparation Other Provisions Provision Notes (Account Addition Decrease Confirmation Comprehensive Cash (Account

Equity Impairment at the Beginning of the Period Others Ending of the Period Face Price Investment Investment Income from Investment Dividends Face Price

Balance Change Provision Balance Value) Capital Loss Adjustment or Profit Value)

profit

1. Joint ventures

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Joint ventures

Zhang family

Hong Kong Qing

Head of research

Chuang Zai

manufacturing

Technology

10,57 10,69 limited 115,6

9,376 5,054 companies 78.56

.40 .96 (with

Xia Jian

claim

Yan Zai

system

Made)

Zhang family

Hong Kong gay

Create wealth

Ruixin

energy

Industry

investment

Fund 32,32 32,32

-Corporate 6,711 6,665

45.54 (with .23 .69 limit)

Guy)

(with

Xia Jian

call the same

Founding

gold)

Zhang family

port shipping

Ruidong

Powerful

Limited Company 2,330 2,330 Company ,000. ,000. (abbreviated as 00 00

Sailing

Ruidong

force)

Jiaozuo

Yida

Yutong

car

energy

Application -

280,9 280,3Limited 619.9

64.09 44.19 Company 0 (with

Xia Jian

praise

Dayu

pass)

Hubei 6,419 - 5,794

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Han Rui ,548. 624,6 ,896. Jingqi 45 52.35 10Chezhi

energy department

All

Limited public service

Division

(with

Xia Jian

Call Han

Rui

scenery)

49,60 2,330 - 49,09 2,330 Subtotal 6,600 ,000. 509,6 6,960 ,000. .17 00 39.23 .94 00

49,60 2,330 - 49,09 2,330Total 6,600,000. 509,6 6,960,000.

.17 00 39.23 .94 00The recoverable amount is determined as the net amount after fair value minus disposal costs.

□Applicable Not applicable

The recoverable amount is determined based on the present value of expected future cash flows.

□Applicable Not applicable

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

Other instructions

19. Other non-current financial assets

Unit: Yuan

Item Ending balance Beginning balance

Other notes:

20. Investment real estate

(1) Investment real estate using cost measurement model

□Applicable Not applicable

(2) Investment real estate using fair value measurement model

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(3) Converted to investment real estate and measured at fair value

Unit: Accounting Section before yuan conversion Amount of other comprehensive income items Reason for conversion Approval procedure Impact on profit and loss

Benefit impact

(4) Investment real estate for which title certificates have not been obtained

Unit: Yuan

Item Book value Reasons for not completing the property rights certificate

Other instructions

21. Fixed assets

Unit: Yuan

Item Ending balance Beginning balance

Fixed assets 866,907,977.69 901,759,978.84 Total 866,907,977.69 901,759,978.84

(1) Fixed assets

Unit: Yuan

Items Houses and buildings Machinery and equipment Transportation Other equipment Total

1. Original book value:

1,107,363,310.2 2,144,852,322.7 1. Opening balance 965,447,561.39 19,889,993.28 52,151,457.76

7 0 2. Increase in this period

47,027.22 33,589,581.35 265,785.84 577,134.46 34,479,528.87Amount

(1) Purchase

40,922.54 683,564.00 265,785.84 577,134.46 1,567,406.84

(2) in

32,906,017.35 32,906,017.35 Construction project transferred in

(3) Enterprise

Increase in business mergers

Conversion of foreign currency statements 6,104.68 6,104.68 3. Decrease in the current period

625,601.54 4,550,236.92 62,518.23 320,996.50 5,559,353.19Amount

(1) place

4,550,236.92 62,518.23 320,996.50 4,933,751.65 Disposal or scrapping

Conversion of foreign currency statements 625,601.54 625,601.54 1,136,402,654.7 2,173,772,498.3 4. Closing balance 964,868,987.07 20,093,260.89 52,407,595.72

0 8

2. Accumulated depreciation

1,164,976,982.0 1. Opening balance 457,195,076.03 655,206,517.63 13,445,615.60 39,129,772.76

2.Increase in this issue

21,838,372.13 42,426,390.99 1,151,267.46 2,347,277.85 67,763,308.43Amount

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(1) Count

21,837,695.45 42,426,390.99 1,151,267.46 2,347,277.85 67,762,631.75

Conversion of foreign currency statements 676.68 676.68 3. Decrease in the current period

176,360.56 3,442,155.27 59,392.32 300,884.00 3,978,792.15Amount

(1) place

3,442,155.27 59,392.32 300,884.00 3,802,431.59 Disposal or scrapping

Conversion of foreign currency statements 176,360.56 176,360.56 1,228,761,498.3 4. Closing balance 478,857,087.60 694,190,753.35 14,537,490.74 41,176,166.61

3. Impairment provision

1. Opening balance 36,103.20 77,951,951.31 13,461.55 113,845.78 78,115,361.84 2. Increase in this period

Amount

(1) Count

mention

3. Reduction in this period

8,581.24 3,758.21 12,339.45 Amount

(1) place

8,581.24 3,758.21 12,339.45 Disposal or scrapping

4. Closing balance 36,103.20 77,943,370.07 13,461.55 110,087.57 78,103,022.39

4. Book value

1. Closing accounts

485,975,796.27 364,268,531.28 5,542,308.60 11,121,341.54 866,907,977.69Value

2. Opening accounts

508,216,382.16 374,204,841.33 6,430,916.13 12,907,839.22 901,759,978.84Value

(2) Temporarily idle fixed assets

Unit: Yuan Item Original book value Accumulated depreciation Impairment provision Book value Remarks

(3) Fixed assets leased through operating leases

Unit: Yuan Item Closing book value

(4) Fixed assets whose property rights certificates have not been obtained

Unit: Yuan Item Book value Reasons for not completing the property rights certificate

Other instructions

In this period, the net book value of idle and to-be-scrapped fixed assets of the Company and its subsidiaries was RMB 6.5296 million, and the provision for impairment of fixed assets was RMB 6.3836 million.

The small-property houses with subsidiary Shaanxi Hongcheng among the fixed assets at the end of the period cannot apply for real estate certificates.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(5) Impairment testing of fixed assets

□Applicable Not applicable

(6) Fixed assets liquidation

Unit: Yuan

Item Ending balance Beginning balance

Other instructions

22. Projects under construction

Unit: Yuan

Item Ending balance Beginning balance

Construction in progress 13,064,012.97 26,868,709.13 Total 13,064,012.97 26,868,709.13

(1) Projects under construction

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value Heshen 6H1-15 21,498,323.4 21,498,323.4 million cubic meters liquefaction unit 8 8 Tongzi Shixi Well 3

9,940,601.01 9,940,601.01 1,403,537.41 1,403,537.41 100,000 liquefaction device

Sporadic projects 3,123,411.96 3,123,411.96 3,966,848.24 3,966,848.24

13,064,012.9 13,064,012.9 26,868,709.1 26,868,709.1Total

7 7 3 3

(2) Changes in important projects under construction during the current period

Unit: Yuanqi

Engineering

Interest in this period:

Current period Cumulative Current period

Capital transferred in this period This period

Project Budget Beginning of Period Others End of Period Investment Project Interest Funds

Increase fixed accumulated interest

Name Number Balance Decrease Balance Accounting for Advance Progress Capital Source Amount Asset Accounting Capital

Amount calculation ratio

Amount Amount Funding

Example

Um

Heshen

Well 6H1

41,00 21,49 11,40 32,90

150,000 80.00

0,000 8,323 7,693 6,017 100 Other liquid solutions %

.00 .48 .87 .35

Make up

set

Tongzi 28,00 1,403 8,537 9,940

40.00

Shixi 3 0,000,537.,063.,601.40 Others

%

Well 10.00 41 60 01

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Wanli

Make up

set

69,00 22,90 19,94 32,90 9,940Total 0,000 1,860 4,757 6,017 ,601. .00 .89 .47 .35 01 (3) Provision for impairment of projects under construction in the current period

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Closing balance Other explanations for the reasons for provision

(4) Impairment testing of projects under construction

□Applicable Not applicable

(5) Engineering materials

Unit: Yuan Closing balance Beginning balance item

Book balance Impairment provision Book value Book balance Impairment provision Other instructions for book value:

23. Productive biological assets

(1) Productive biological assets using cost measurement model

□Applicable Not applicable

(2) Impairment testing of productive biological assets using the cost measurement model □ Applicable  Not applicable

(3) Productive biological assets using fair value measurement model

□Applicable Not applicable

24. Oil and gas assets

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

25. Right-of-use assets

(1) Right-of-use assets

Unit: Yuan

Item Houses and buildings Machinery and equipment Total

1. Original book value

1. Opening balance 3,337,272.01 41,200,973.59 44,538,245.60 2. Increase in the current period

2. Reduction amount in the current period 14,206,159.77 14,206,159.77 Lease termination 14,206,159.77 14,206,159.77 4. Closing balance 3,337,272.01 26,994,813.82 30,332,085.83

2. Accumulated depreciation

1. Balance at the beginning of the period 2,073,917.41 14,813,404.39 16,887,321.80 2. Increase in the current period 238,710.06 6,158,126.59 6,396,836.65

(1) Provision 238,710.06 6,158,126.59 6,396,836.65

3. Decrease amount in this period 8,490,885.46 8,490,885.46

(1) Disposal

Lease termination 8,490,885.46 8,490,885.46 4. Closing balance 2,312,627.47 12,480,645.52 14,793,272.99

3. Impairment provision

1. Opening balance

2. Increase amount in this period

(1) Provision

3. Reduction amount in this period

(1) Disposal

4. Ending balance

4. Book value

1. Book value at the end of the period 1,024,644.54 14,514,168.30 15,538,812.84 2. Book value at the beginning of the period 1,263,354.60 26,387,569.20 27,650,923.80

(2) Impairment testing of right-of-use assets

□Applicable Not applicable

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

26. Intangible assets

(1) Intangible assets

Unit: Yuan land use non-patented technology technology licensing

Item Patent rights Proprietary technology Software Trademark rights Total

power of attorney

1. Accounts

original value

1. Period 212,538,3 16,388,67 1,812,957 4,870,000 35,395,11 320,300.0 271,325,3 Beginning balance 40.93 9.24 .06 .00 1.96 0 89.19 2. This

313,401.3 313,401.3 additional installments

8 8 amount

(313,401.3 313,401.3 1) Purchase 8 8

(

2. Internal research

send

(

3. Enterprise cooperation

and increase

3.Ben

period reduction payment

Um

(

1. Disposal

4. Period 212,538,3 16,388,67 1,812,957 4,870,000 35,708,51 320,300.0 271,638,7 Ending balance 40.93 9.24 .06 .00 3.34 0 90.57

2. Accumulation

Amortization

1. Period 58,936,38 4,708,453 1,812,957 4,870,000 31,815,67 320,300.0 102,463,7 Beginning balance 8.88 .48 .06 .00 3.10 0 72.52 2. This

2,394,263 1,012,952 808,507.7 4,215,723 additional funds

.40 .77 3.90 amount

(2,394,263 1,012,952 808,507.7 4,215,723 1) Provision .40 .77 3 .90

3.Ben

period reduction payment

Um

(

1. Disposal

4. Period 61,330,65 5,721,406 1,812,957 4,870,000 32,624,18 320,300.0 106,679, Balance at the end of 4th period 2.28 .25 .06 .00 0.83 0 96.42

3. Impairment

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Prepare

1. Issue

Beginning balance

2.Ben

period increase

Um

(

1. Provision

3.Ben

period reduction payment

Um

(

1. Disposal

4. period

Final balance

4. Accounts

value

1. Issue

151,207,6 10,667,27 3,084,332 164,959, Book price at the end of 2

88.65 2.99 .51 94.15 value

2. period

153,601,9 11,680,22 3,579,438 168,861,6 Initial book price

52.05 5.76 .86 16.67 value

The proportion of intangible assets formed through the company's internal R&D to the balance of intangible assets at the end of the period

(2) Data resources recognized as intangible assets

Unit: Yuan

Intangible outsourced data resources Self-developed data resources Data items obtained through other means Total

Assets Intangible Assets Resources Intangible Assets

(3) Land use rights for which property rights certificates have not been obtained

Unit: Yuan

Item Book value Other reasons for failure to obtain property rights certificate

There is no land use right with outstanding use right certificate at the end of the period

(4) Impairment testing of intangible assets

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

27. Goodwill

(1) Original book value of goodwill

Unit: yuan Name of invested unit Increase in this period Decrease in this period

Goodwill is called or formed. Opening balance formed by business combination. Closing balance

Dispose

matters of

15,951,782.1 15,951,782.1 Chimelong Equipment

5 5 56,811,117.6 56,811,117.6Shaanxi Hongcheng

6 6 Furui Intelligent 3,308,223.95 3,308,223.95 40,245,178.3 40,245,178.3 FSE

3 3 Ruijing Power 533,300.26 533,300.26 116,849,602. 116,849,602. Total

35 35

(2) Goodwill impairment provision

Unit: yuan Name of invested unit Increase in this period Decrease in this period

Goodwill is called or formed. Balance at the beginning of the period. Balance at the end of the period.

Provision Disposal

matters

13,695,551.3 13,695,551.3 Chimelong Equipment

8 8 56,811,117.6 56,811,117.6Shaanxi Hongcheng

6 6 Furui Intelligent 3,308,223.95 3,308,223.95 40,245,178.3 40,245,178.3 FSE

3 3 Ruijing Power 533,300.26 533,300.26 114,593,371. 114,593,371. Total

58 58

(3) Relevant information about the asset group or asset group combination where the goodwill is located

The composition of the asset group or portfolio to which it belongs and

Name, operating segment and basis. Is it consistent with previous years?

Basis

Changes in asset group or asset group combination

Name Composition before change Composition after change Objective facts and basis leading to change

Other instructions

The company completed the acquisition of Chimelong Equipment in January 2015 and obtained 55% of the equity of Chimelong Equipment, forming goodwill of 15.9518 million yuan. The company completed the acquisition of Ruijing Power in February 2022, and together with the original 40% equity held, it holds a total of 71.83% of the equity, thus controlling the company and forming goodwill of 533,300 yuan.

1. Goodwill impairment testing process, key parameters and recognition method of goodwill impairment loss

(1) The company conducted an impairment test on the asset groups related to goodwill at the end of the period.

When conducting impairment testing on asset group combinations, if there are signs of impairment in asset groups or asset group combinations related to goodwill, first

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Conduct an impairment test on the asset group or asset group combination, 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 asset group combination containing goodwill, and compare the book value of the asset group or asset group combination containing the allocated goodwill with its recoverable amount. If the recoverable amount of the relevant asset group or asset group combination is lower than its book value, the impairment loss of goodwill is recognized.

(2) Key parameters

When estimating the recoverable amount of input costs, the asset group related to goodwill is used to estimate the present value of future cash flows, that is, the future cash flows are estimated based on the financial budget for the next five years formulated by the management. When determining the discount rate, the time value of money and other relevant factors during the remaining life of the asset are fully considered, and the discount rate is determined after appropriate adjustments based on the weighted average cost of capital (WACC).

2. Impact of goodwill impairment test

(1) On the balance sheet date, the company conducted an impairment test on Chimelong Equipment. After testing, there was no need to provide for impairment of goodwill in the current period.

(4) Specific determination method of recoverable amount

The recoverable amount is determined as the net amount after fair value minus disposal costs.

□Applicable Not applicable

The recoverable amount is determined based on the present value of expected future cash flows.

□Applicable Not applicable

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

(5) Completion of performance commitments and corresponding impairment of goodwill

There is a performance commitment when goodwill is formed and the reporting period or the previous period of the reporting period is within the performance commitment period

□Applicable Not applicable

Other instructions

28. Long-term deferred expenses

Unit: Yuan

Item Beginning balance Increase in the current period Amortization amount in the current period Other decreases Closing balance Decoration expenses 41,216,578.73 1,705,822.81 6,585,677.73 36,336,723.81 Mold 994,885.34 142,601.76 63,296.92 1,074,190.18Total 42,211,464.07 1,848,424.57 6,648,974.65 37,410,913.99Other instructions

29. Deferred income tax assets/deferred income tax liabilities

(1) Deferred income tax assets without offset

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Ending balance Beginning balance

Project

Deductible temporary differences Deferred income tax assets Deductible temporary differences Deferred income tax assets Unrealized profits from internal transactions 41,567,556.20 10,391,889.05 46,931,276.44 11,732,819.11 Deductible losses 9,634,540.54 1,631,003.74 19,309,488.65 3,797,107.57 Credit impairment provision 99,249,619.81 15,590,420.10 90,731,435.49 14,217,454.78 Contract asset impairment provision 3,719,907.43 557,986.11 4,789,604.87 718,440.73 Provision for inventory depreciation 46,229,608.11 6,934,441.22 51,299,692.01 7,713,716.80 Delay of tax recognized income

4,986,704.68 829,223.20 5,293,651.73 887,490.27 Deferred income

Estimated expenses 55,794,782.17 8,369,217.33 54,824,053.20 8,223,607.98 Share-based payment 36,425,703.86 5,437,903.58 28,597,382.42 3,536,653.90 Lease liabilities 18,783,345.33 3,614,026.65 32,568,691.44 5,848,021.69Total 316,391,768.13 53,356,110.98 334,345,276.25 56,675,312.83

(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 due to business combinations not under common control

8,188,570.32 2,047,142.61 8,448,686.69 2,112,171.66 Added value of assets

Fixed assets tax calculation difference 23,889,712.32 3,475,426.30 26,073,534.09 3,774,827.25 Right-of-use assets 15,538,812.84 2,972,573.64 27,650,923.80 4,992,484.63 Trading financial assets 1,946,638.81 291,995.82 2,034,104.99 305,115.75Total 49,563,734.29 8,787,138.37 64,207,249.57 11,184,599.29

(3) Deferred income tax assets or liabilities presented on a net basis after offsetting

Unit: Yuan Deferred income tax assets and liabilities Deferred income tax assets after offset Deferred income tax assets and liabilities Deferred income tax items after offset

Offset amount at the end of the debt period Ending balance of assets or liabilities Offset amount at the beginning of the debt period Deferred income tax assets 53,356,110.98 56,675,312.83 Deferred income tax liabilities 8,787,138.37 11,184,599.29

(4) Details of deferred income tax assets not recognized

Unit: Yuan

Item Ending balance Beginning balance

Deductible losses 437,349,015.86 496,653,424.53 Expected credit impairment provisions 122,203,789.49 122,116,738.54 Inventory depreciation provisions 4,323,636.66 5,696,012.92 Changes in fair value of other equity instrument investments 62,739,566.65 62,739,566.65 Investment impairment provision 10,179,000.00 10,179,000.00 Fixed asset impairment provision 78,103,022.39 78,115,361.84 Share-based payment 12,216,007.28 9,912,096.75 Total 727,114,038.33 785,412,201.23 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

(5) Deductible losses that have not been recognized as deferred income tax assets will expire in the following years

Unit: Year Ending amount Beginning amount Remarks

2025 10,815,131.26

2026 74,178,903.25 74,479,023.94

2027 40,323,598.55 40,323,598.55

2028 44,836,607.78 45,568,441.27

2029 89,949,631.42 89,949,631.42

2030 52,327,148.67 52,327,148.67

2031 25,240,616.92

2032 60,032,565.19 125,539,825.81

2033 17,965,096.43 17,965,096.43

2034 10,087,068.75 10,087,068.75

2035 29,291,968.02 30,423,738.21

Total 444,233,204.98 497,478,704.31

Other instructions

30. Other non-current assets

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value 12,491,364.2 11,987,260.1 Contract assets 9,107,620.57 273,510.41 8,834,110.16 504,104.08

7 9 Prepaid project/installation

1,303,066.08 1,303,066.08 6,071,725.43 6,071,725.43 Reserve

It is not expected that within a year

Deductible value-added 371,057.49 371,057.49 371,057.49 371,057.49 tax

10,781,744.1 10,508,233.7 18,934,147.1 18,430,043.1Total 273,510.41 504,104.08

4 3 9 1

Information about compensating assets

Other notes:

31. Assets whose ownership or use rights are restricted

Unit: End of Yuan period Beginning of period

Project

Book balance Book value Restriction type Restriction situation Book balance Book value Restriction type Restriction situation 157,344,2 157,344,2 Deposited guarantee money 164,727,1 164,727,1 Deposited monetary guarantee funds

19.92 19.92 Letter of guarantee deposit 74.82 74.82 Letter of guarantee deposit bank loan Bank loan 44,272,95 44,272,95 781,754,5 781,754,5

Fixed assets Mortgage house Mortgage house 1.16 1.16 31.89 31.89

house house

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

bank loan bank loan

16,775,84 16,775,84 168,435,1 168,435,1

Intangible assets Mortgage land Mortgage land 2.90 2.90 26.65 26.65

The opening of local deposits The opening of local deposits

55,144,12 55,144,12 Established banks undertook monetary funds 62,756,12 62,756,12 Established banks undertook monetary funds

0.87 0.87 Exchange draft guarantee 6.94 6.94 Exchange draft deposit Security deposit

Far currency funds paid and deposited Foreign exchange settlement and sales for the period 25,980.20 25,980.20 Security deposit for foreign exchange settlement and sales Margin

Judicial freeze 975,638.4 975,638.4 Judicial freeze of monetary funds

Funds 1 1 Funds

273,537,1 273,537,1 1,178,674 1,178,674

total

34.85 34.85 ,578.91 ,578.91

Other notes:

32. Short-term borrowing

(1) Classification of short-term loans

Unit: Yuan

Item Ending balance Beginning balance

Guaranteed loans 1,094,981.40 18,800,000.00 Credit loans 8,000,000.00 10,000,000.00 Mortgage and guaranteed loans 6,000,000.00 47,500,000.00 Short-term loan interest 10,500.00 55,736.11 Bill financing 1,721,166.75 Total 15,105,481.40 78,076,902.86 Description of short-term loan classification:

(2) Overdue short-term borrowings that have not been repaid

The total amount of overdue and unpaid short-term borrowings at the end of the period was RMB, among which the important overdue and unpaid short-term borrowings are as follows:

Unit: Yuan

Borrowing unit Closing balance Borrowing interest rate Overdue time Other explanations on overdue interest rate

33. Trading financial liabilities

Unit: Yuan Item Ending balance Beginning balance

Among them:

Among them:

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

34. Derivative financial liabilities

Unit: Yuan

Item Ending balance Beginning balance

Other notes:

35. Notes payable

Unit: Yuan

Category Ending balance Beginning balance

Commercial acceptance bill 1,510,000.00 Bank acceptance bill 105,216,391.50 99,974,627.80 Total 105,216,391.50 101,484,627.80 The total amount of bills payable that has expired but not been paid at the end of this period is yuan, and the reason for not paying when due is.

36. Accounts payable

(1) Presentation of accounts payable

Unit: Yuan

Item Ending balance Beginning balance

Accounts payable for operating purchases 564,235,389.41 627,330,321.55 Accounts payable for construction projects 2,708,116.25 12,694,488.21 Total 566,943,505.66 640,024,809.76

(2) Important accounts payable that are aged more than 1 year or are overdue

Unit: Yuan

Item Closing balance Reason for outstanding or carried forward

Other notes:

Note: There are no important accounts payable aged more than one year at the end of the period.

37. Other payables

Unit: Yuan

Item Ending balance Beginning balance

Other payables 29,286,680.39 30,957,086.24 Total 29,286,680.39 30,957,086.24

(1) Interest payable

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Item Ending balance Beginning balance

Important overdue and unpaid interest information:

Unit: Yuan

Borrowing unit Overdue amount Reasons for overdue

Other notes:

(2) Dividends payable

Unit: Yuan

Item Ending balance Beginning balance

Other explanations, including important dividends payable that have not been paid for more than 1 year, should disclose the reasons for non-payment:

(3) Other payables

1. List other payables according to the nature of the payment

Unit: Yuan

Item Ending balance Beginning balance

Deposits and security deposits 5,184,780.91 7,901,261.83 Related party loans 5,009,065.84 4,935,565.84 Withholding and payment of equity incentive personal income tax 8,292,795.20 8,300,493.20 Others 10,800,038.44 9,819,765.37 Total 29,286,680.39 30,957,086.24

2. Important other payables aged more than 1 year or overdue

Unit: Yuan

Item Closing balance Reason for outstanding or carried forward

Other instructions

Note: There are no important other payables aged more than one year at the end of the period.

38. Advance payments

(1) Presentation of advance receipts

Unit: Yuan

Item Ending balance Beginning balance

Operating advances from customers 10,941,640.42 11,000,575.66 Total 10,941,640.42 11,000,575.66

(2) Important advances from customers aged more than 1 year or overdue

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Item Closing balance Reason for outstanding or carried forward

Unit: Yuan

Item Amount of change Reason for change

39. Contract liabilities

Unit: Yuan

Item Ending balance Beginning balance

Contract price received in advance 608,953,998.59 476,683,085.39 Total 608,953,998.59 476,683,085.39 Important contract liabilities aged more than 1 year

Unit: Yuan

Item Closing balance Reason for outstanding or carried forward

Amount and reasons for significant changes in book value during the reporting period

Unit: yuan change fee

Item Reason for change

Um

40. Employee compensation payable

(1) Presentation of employee benefits payable

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

1. Short-term salary 68,339,585.20 131,988,417.52 174,134,844.61 26,193,158.11

2. Post-employment benefits-settings

146,685.26 9,582,413.31 9,691,819.07 37,279.50 Withdrawal plan

Total 68,486,270.46 141,570,830.83 183,826,663.68 26,230,437.61

(2) Presentation of short-term remuneration

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

1. Salary, bonus, allowance

64,928,534.17 109,056,876.17 151,127,401.13 22,858,009.21 and subsidies

2. Employee welfare fees 109,527.00 4,480,493.57 4,590,020.57

3. Social insurance premiums 56,419.74 10,925,864.72 10,970,931.03 11,353.43

4. Housing provident fund 69,284.00 5,269,340.25 5,281,391.25 57,233.00

5. Trade union funds and employee education

3,175,820.29 2,255,842.81 2,165,100.63 3,266,562.47 Education funds

Total 68,339,585.20 131,988,417.52 174,134,844.61 26,193,158.11

(3) Display of defined contribution plan

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

1. Basic pension insurance 143,642.62 9,287,010.54 9,393,982.99 36,670.17

2. Unemployment insurance premium 3,042.64 295,402.77 297,836.08 609.33Total 146,685.26 9,582,413.31 9,691,819.07 37,279.50Other instructions:

3. Taxes payable

Unit: Yuan

Item Ending balance Beginning balance

Value-added tax 8,277,467.02 11,043,292.28 Corporate income tax 7,171,106.96 18,375,631.45 Urban maintenance and construction tax 1,040,672.97 2,081,834.98 Education surcharge 754,604.39 1,477,993.39 Real estate tax 2,346,201.61 2,339,442.33 Land use tax 200,418.99 200,418.99 Other taxes 1,008,847.46 1,543,768.28 Total 20,799,319.40 37,062,381.70Other instructions

42. Liabilities held for sale

Unit: Yuan

Item Ending balance Beginning balance

Other instructions

43. Non-current liabilities due within one year

Unit: Yuan

Item Ending balance Beginning balance

Long-term borrowings due within one year 18,200,000.00 1,400,000.00 Lease liabilities due within one year 11,698,187.77 19,867,422.73 Interest on long-term borrowings due within one year 12,638.89 13,650.00Total 29,910,826.66 21,281,072.73Other instructions:

44. Other current liabilities

Unit: Yuan

Item Ending balance Beginning balance

Output tax to be reversed 11,720,787.98 8,332,143.17 Debt vouchers receivable have been endorsed but not terminated and recognized 8,794,477.69 37,816,650.68

Liabilities of Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Total 20,515,265.67 46,148,793.85 Increase or decrease in short-term bonds payable:

Unit: yuan per face

Overflow discount

Bond par issuance Bond issuance Beginning of period Value of current period End of period Whether

face value price spread

Name Interest Rate Date Term Amount Balance Issuance Profit Repayment Balance Default Cancellation

information

total

Other notes:

45. Long-term borrowing

(1) Classification of long-term loans

Unit: Yuan

Item Ending balance Beginning balance

Guaranteed borrowings 18,200,000.00 18,900,000.00 Undue interest payable 12,638.89 13,650.00 Less: Long-term borrowings due within one year -18,212,638.89 -1,413,650.00 Total 17,500,000.00 Description of the classification of long-term borrowings:

Other instructions, including interest rate ranges:

46. Bonds payable

(1) Bonds payable

Unit: Yuan

Item Ending balance Beginning balance

(2) Increases and decreases in bonds payable (excluding preference shares, perpetual bonds and other financial instruments classified as financial liabilities)

Unit: yuan per face

Overflow discount

Bond par issuance Bond issuance Beginning of period Value of current period End of period Whether

face value price spread

Name Interest Rate Date Term Amount Balance Issuance Profit Repayment Balance Default Cancellation

information

total

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report (3) Description of Convertible Corporate Bonds

(4) Description of other financial instruments classified as financial liabilities

Basic information on preferred shares, perpetual bonds and other financial instruments outstanding at the end of the period

Statement of changes in outstanding preferred stocks, perpetual bonds and other financial instruments at the end of the period

Unit: yuan outstanding. Beginning of the period. Increase in the current period. Decrease in the current period. End of the period.

financial engineering

Quantity Book value Quantity Book value Quantity Book value Quantity Book value

tools

Explanation of the basis for classifying other financial instruments as financial liabilities

Other instructions

47. Lease liabilities

Unit: Yuan

Item Ending balance Beginning balance

Within 1 year 12,057,693.61 20,379,104.94 1-2 years 7,155,285.77 11,505,080.94 2-3 years 1,409,334.90 Less: Unrecognized financing expenses -429,634.05 -724,829.34 Less: Lease liabilities due within one year -11,698,187.77 -19,867,422.73 Total 7,085,157.56 12,701,268.71Other notes

48. Long-term payables

Unit: Yuan

Item Ending balance Beginning balance

(1) List long-term payables according to the nature of the payment

Unit: Yuan

Item Ending balance Beginning balance

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (2) Special Accounts Payable

Unit: Yuan Item Beginning balance Increase in the current period Decrease in the current period Closing balance Other explanations for the reasons:

49. Long-term employee benefits payable

(1) Long-term employee salary payable table

Unit: Yuan Item Ending balance Beginning balance

(2) Changes in defined benefit plans

Present value of defined benefit plan obligations:

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Plan assets:

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Net liabilities (net assets) of defined benefit plans

Unit: Yuan Item Amount incurred in the current period Amount incurred in the previous period

Description of the content of the defined benefit plan and the risks associated with it, as well as the impact on the company's future cash flows, timing and uncertainty:

Explanation of significant actuarial assumptions and sensitivity analysis results of defined benefit plans:

Other notes:

50. Estimated liabilities

Unit: Yuan Item Ending balance Beginning balance Reason for formation

Other explanations, including important assumptions and estimation instructions related to important estimated liabilities:

51. Deferred income

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Item Opening balance Increase in the current period Decrease in the current period Ending balance Reason for formation

Government subsidies 5,293,651.73 248,000.00 554,947.05 4,986,704.68 See Table 1 for details

Total 5,293,651.73 248,000.00 554,947.05 4,986,704.68

Other notes:

1. Deferred income related to government subsidies

Current period

Deductions in the current period and additions to assets in the current period are included in the business in the current period and are included in other

Liability items Opening balance Costs and expenses Other changes Closing balance Amount of related/relevant subsidies Amount of external income

Amount Interest-related amount

Land subsidy for asset-funded investment projects 879,450.00 67,275.00 812,175.00

close

Asset-related valve intelligent workshop renovation project 54,975.00 54,975.00 0.00

close

Intelligent transformation of heavy equipment related to assets 450,305.25 45,793.74 404,511.51

close

Asset-related low-temperature valve automation production project 719,244.04 126,925.50 592,318.54

close

New LNG smart tanks and small-scale removable

Mobile liquefaction unit production project Close

High-end equipment LNG large-diameter marine intelligence related to assets 571,681.40 50,442.48 521,238.92

Ability to load and unload system research project

Marine new energy projects related to assets 1,557,658.00 91,371.00 1,466,287.00

close

Technical transformation of large-scale precision storage tank production line relative to assets 248,000.00 10,333.35 237,666.65

close

Total 5,293,651.73 248,000.00 0.00 554,947.05 0.00 0.00 4,986,704.68

52. Other non-current liabilities

Unit: Yuan Item Ending balance Beginning balance

Other notes:

53. Share capital

Unit: Yuan Increase or decrease in this change (+, -)

Balance at the beginning of the period Balance at the end of the period Issuance of new shares Bonus shares Conversion of public reserve funds Others Subtotal

597,425,54 597,425,54 Total shares

9.00 9.00Other instructions:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

54. Other equity instruments

(1) Basic information on preferred shares, perpetual bonds and other financial instruments outstanding at the end of the period

(2) Statement of changes in outstanding preferred stocks, perpetual bonds and other financial instruments at the end of the period

Unit: yuan outstanding. Beginning of the period. Increase in the current period. Decrease in the current period. End of the period.

financial engineering

Quantity Book value Quantity Book value Quantity Book value Quantity Book value

tools

Changes in other equity instruments during the current period, explanations of the reasons for the changes, and the basis for relevant accounting treatments:

Other notes:

55. Capital reserve

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance Capital premium (equity premium

1,329,716,057.59 1,329,716,057.59 price)

Other capital reserves 43,396,802.78 9,100,691.82 52,497,494.60 Total 1,373,112,860.37 9,100,691.82 1,382,213,552.19 Other explanations, including changes in the current period and reasons for changes:

Note: The reason for the increase in other capital reserves in the current period is the company's equity incentive cost of RMB 9.1007 million.

56. Treasury stocks

Unit: Yuan

Item Beginning balance Increase in the current period Decrease in the current period Other explanations of the closing balance, including changes in increases and decreases in the current period and explanation of reasons for changes:

57. 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 - -Reclassify into 62,739,56 62,739,56

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Other comprehensive income of profit and loss 6.65 6.65

benefit

Others

• -Equity Instruments

62,739,56 62,739,56 Fair investment

6.65 6.65 Value change

2. Will be heavy

Classification loss 4,106,631 - 3,533,695

585,352.8 572,935.5

Other benefits .56 12,417.28 .97

7 9

Comprehensive income

Foreign Currency - -

4,106,631 - 3,533,695Financial statements 585,352.8 572,935.5

.56 12,417.28 .97 Conversion difference 7 9

• • • -Other comprehensive -

58,632,93 585,352.8 572,935.5 59,205,87 Total income 12,417.28

5.09 7 9 0.68 Other explanations, including adjustments to the initial recognition amount of the effective portion of cash flow hedging gains and losses converted into hedged items:

58. Special reserves

Unit: Yuan

Item Opening balance Increase in the current period Decrease in the current period Ending balance Safety production expenses 41,157,117.55 7,424,999.73 3,091,008.93 45,491,108.35 Total 41,157,117.55 7,424,999.73 3,091,008.93 45,491,108.35 Other explanations, including changes in increases and decreases in the current period and explanation of reasons for changes:

59. Surplus reserve

Unit: Yuan

Item Beginning balance Increase in the current period Decrease in the current period Ending balance Statutory surplus reserve 68,069,032.27 68,069,032.27 Total 68,069,032.27 68,069,032.27 Description of surplus reserve, including changes in increases and decreases in the current period and explanation of reasons for changes:

60. Undistributed profits

Unit: Yuan

Projects in this issue Previous issue

Undistributed profit at the end of the previous period before adjustment 454,414,562.66 260,184,006.93 Undistributed profit at the beginning of the period after adjustment 454,414,562.66 260,184,006.93 Add: Net profit attributable to owners of the parent company for the current period

63,821,745.70 84,125,793.86 profit

Dividends payable on ordinary shares 71,691,065.88 46,868,923.92

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Undistributed profits at the end of the period 446,545,242.48 297,440,876.87 Adjustment details 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.

2. Due to changes in accounting policies, the undistributed profit at the beginning of the period is affected.

3. Due to the correction of major accounting errors, the undistributed profit at the beginning of the period was affected.

4). Changes in the scope of consolidation due to the same control will affect the undistributed profit at the beginning of the period.

5. The total of other adjustments affects the opening undistributed profit yuan.

Detailed instructions on using capital reserves to cover losses:

61. Operating income and operating costs

Unit: Yuan Amount of current period Amount of previous period

Project

revenue cost revenue cost

Main business 1,398,887,129.92 1,174,821,876.96 1,349,309,723.31 1,065,571,161.54 Other businesses 34,054,786.07 11,814,301.45 25,469,705.87 10,924,643.11Total 1,432,941,915.99 1,186,636,178.41 1,374,779,429.18 1,076,495,804.65 Decomposition information of operating income and operating costs:

Unit: Yuan

Division 1 Division 2 Total

Contract classification

Operating income Operating cost Operating income Operating cost Operating income Operating cost Operating income Operating cost Business type

Among them:

Low temperature storage and transportation 757,874,4 626,822,6 757,874,4 626,822,6Application equipment 85.59 88.49 85.59 88.49

156,205,5 121,191,0 156,205,5 121,191,0Reinstallation equipment

89.22 62.69 89.22 62.69

67,992,44 42,302,28 67,992,44 42,302,28 Loading and unloading equipment

8.55 8.38 8.55 8.38 LNG sales and 416,814,6 384,505,8 416,814,6 384,505,8 operation and maintenance services 06.56 37.40 06.56 37.40

34,054,78 11,814,30 34,054,78 11,814,30 Others

6.07 1.45 6.07 1.45 According to place of business

Distinguish classification

Among them:

1,049,718 909,531,8 1,049,718 909,531,8 Domestic sales

,942.26 63.27 ,942.26 63.27

383,222,9 277,104,3 383,222,9 277,104,3 Overseas sales

73.73 15.14 73.73 15.14 Market or customer

Household type

Among them:

Contract type

Among them:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Transfer by product

give time

Classification

Among them:

According to contract period

Limited classification

Among them:

According to sales channel

Road classification

Among them:

1,432,941 1,186,636 1,432,941 1,186,636Total

,915.99 ,178.41 ,915.99 ,178.41 Information related to performance obligations:

The company's pre-payments, the company's performance obligations, and the important payment terms. The company's commitment to transfer is the main responsibility.

The item will be refunded to the customer during the period. The type and time of the quantity guarantee. The nature of the goods. Anyone.

Account’s money and other explanations of related obligations

Information related to the transaction price allocated to the remaining performance obligations:

At the end of the reporting period, the amount of revenue corresponding to the performance obligations that have been signed but have not yet been performed or have not been completed is RMB 0.00, of which RMB is expected to be recognized in the year, RMB is expected to be recognized in the year, and RMB is expected to be recognized in the year.

Information related to variable consideration in the contract:

Major contract changes or major transaction price adjustments

Unit: Yuan

Item Accounting treatment method Amount of impact on income

Other instructions

62. Taxes and surcharges

Unit: Yuan

Item Amount for the current period Amount for the previous period

Urban maintenance and construction tax 2,617,259.87 2,583,752.18 Education fee surcharge 1,963,344.53 1,845,183.29 Property tax 4,712,584.95 4,774,926.18 Land use tax 332,838.66 400,837.98 Vehicle and vessel use tax 8,395.98 7,647.33 Stamp duty 1,283,696.26 1,190,001.34 Others 213,070.57 71,221.03

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Total 11,131,190.82 10,873,569.33

Other notes:

63. Management expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Salaries and remuneration 25,648,526.22 20,193,369.92 Office expenses 1,509,422.03 2,626,490.21 Travel expenses 860,972.77 865,722.06 Business entertainment expenses 1,907,880.56 1,983,598.87 Depreciation expenses 7,410,392.79 7,866,107.44 Business promotion expenses 91,077.69 47,571.68 Car expenses 392,754.89 351,967.51 Amortization of long-term assets 7,973,614.44 7,939,139.87 Equity incentive expenses 10,132,231.97 22,511,988.48 Other expenses 10,033,954.92 9,713,095.04 Total 65,960,828.28 74,099,051.08

Other instructions

64. Sales expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Travel expenses 2,795,754.71 2,050,856.98 Business entertainment expenses 1,606,929.14 3,484,816.71 Salaries and remuneration 10,853,514.88 9,123,352.91 Other expenses 6,492,584.93 4,490,348.76 Total 21,748,783.66 19,149,375.36

Other notes:

65. Research and development expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Salary 17,081,558.57 18,690,075.47 Depreciation expense 2,291,133.16 2,676,542.25 Material consumption 22,910,757.78 18,285,670.57 Technical consulting fee 556,286.41 693,805.19 Other expenses 1,324,740.20 852,961.55 Total 44,164,476.12 41,199,055.03

Other instructions

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

66. Financial expenses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Interest expense 1,056,309.30 1,936,997.54 Less: Interest income 2,471,527.55 2,519,945.76 Exchange gains and losses 13,048,027.63 -6,230,954.31 Bank handling fees 2,515,817.00 1,088,685.98Financing expenses 350,310.77 583,298.61Total 14,498,937.15 -5,141,917.94Other instructions

67. Other income

Unit: Yuan

Sources of other income Amount incurred in the current period Amount incurred in the previous period

Government subsidies 2,273,558.02 3,171,005.08 Personal tax fee income 203,676.36 145,738.35 Value-added tax exemption 7,386,667.05 637,093.48 Others 8,734.40 Total 9,863,901.43 3,962,571.31

68. Net exposure hedging income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Other instructions

69. Gains from changes in fair value

Unit: Yuan

Sources of income from changes in fair value Amount incurred in the current period Amount incurred in the previous period

Gains from changes in fair value of financial derivatives 186,107.85

Total 186,107.85

Other notes:

70. Investment income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Income from long-term equity investments accounted for by the equity method -509,639.23 -651,114.66 Investment income from disposal of long-term equity investments 9,740.68 Income from debt restructuring 145,681.76 568,191.00

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Financial derivatives delivery income 3,118,100.43 -555,756.77 Total 2,754,142.96 -628,939.75Other instructions

71. Credit impairment losses

Unit: Yuan

Item Amount for the current period Amount for the previous period

Bad debt losses on notes receivable 3,709,605.31 -280,870.57 Bad debt losses on accounts receivable -11,354,953.10 -11,765,702.91 Bad debt losses on other receivables -1,335,520.73 -889,133.56 Total -8,980,868.52 -12,935,707.04Other instructions

72. Asset impairment losses

Unit: Yuan

Item Amount for the current period Amount for the previous period

1. Inventory depreciation losses and contract performance cost deductions

-197,471.07 value loss

11. Impairment losses on contract assets 1,069,697.45 58,366.80 Total 1,069,697.45 -139,104.27 Other notes:

12. Income from asset disposal

Unit: Yuan

Source of asset disposal income Amount incurred in the current period Amount incurred in the previous period

Gains or losses from the disposal of fixed assets 412,254.23 55,455.37 Gains or losses from the disposal of leased assets 1,211,431.73 433,354.27 Total 1,623,685.96 488,809.64

74. Non-operating income

Unit: Yuan Financial items included in non-recurring gains and losses for the current period Amount incurred in the current period Amount incurred in the previous period

Um

Liquidated damages and compensation income 8,818.20 346,174.01 8,818.20 Others 189,565.00 133,801.62 189,565.00 Total 198,383.20 479,975.63 198,383.20 Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

75. Non-operating expenses

Unit: Yuan Financial items included in non-recurring gains and losses for the current period Amount incurred in the current period Amount incurred in the previous period

Um

Loss from damage and scrapping of non-current assets 10,549.87 49,789.26 10,549.87Others 297,089.66 349,747.66 297,089.66Total 307,639.53 399,536.92 307,639.53Other notes:

76. Income tax expenses

(1) Income tax expense schedule

Unit: Yuan

Item Amount for the current period Amount for the previous period

Current income tax expense 12,271,057.65 35,916,376.93 Deferred income tax expense 921,740.90 3,868,060.90 Total 13,192,798.55 39,784,437.83

(2) Adjustment process of accounting profits and income tax expenses

Unit: Yuan

Item Amount incurred in this period

Total profit 95,208,932.35 Income tax expense calculated according to statutory/applicable tax rates 23,802,233.09 Impact of different tax rates applicable to subsidiaries -13,435,676.46 Impact of adjusting income tax in previous periods -447,513.05 Impact of non-taxable income 8,340,844.91 Impact of non-deductible costs, expenses and losses 3,746,054.57 Impact of using deductible losses that have not been recognized as deferred income tax assets in the previous period -10,121,671.21 Deductible temporary differences or deductible losses that have not been recognized as deferred income tax assets in the current period

Impact of loss of 6,038,960.85

Impact of deduction of technology development fee markup -4,820,303.65 Other impacts 89,869.50 Income tax expense 13,192,798.55 Other notes:

77. Other comprehensive income

See Note 57 for details

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

78. 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

Interest income 2,471,527.55 2,519,945.76 Government subsidies 1,966,610.97 3,081,922.36 Recovery of bank guarantee 100,623,268.65 147,974,384.03 Others 95,687,475.78 174,238,672.68 Total 200,748,882.95 327,814,924.83 Description of other cash received related to operating activities:

Other cash paid related to operating activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Cash payment 54,707,070.30 23,422,812.95 Others 95,285,416.22 178,483,092.01 Bank deposit payment 84,626,689.07 168,938,919.46 Total 234,619,175.59 370,844,824.42 Description of other cash paid related to operating activities:

(2) Cash related to investing activities

Other cash received related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Significant cash received related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Description of other cash received related to investing activities:

Other cash paid related to investing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Investment losses in bank derivatives 572,250.00 Total 572,250.00 Important cash paid related to investment activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Description of other cash paid related to investment activities:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(3) Cash related to financing activities

Other cash received related to financing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Description of other cash received related to financing activities:

Other cash payments related to financing activities

Unit: Yuan

Item Amount for the current period Amount for the previous period

Lease payment 6,787,136.51 3,419,903.66 Capital reduction by minority shareholders 5,250,000.00 9,800,000.00 Others 48,518.05 33,585.08 Total 12,085,654.56 13,253,488.74 Description of other cash paid related to financing activities:

Changes in various liabilities arising from financing activities

□Applicable Not applicable

(4) Explanation on presenting cash flow in net amount

Item Relevant facts and circumstances Basis for net presentation Financial impact

(5) Major activities and financial impacts that do not involve current cash receipts and payments but affect the company's financial status or may affect the company's cash flow in the future

79. Supplementary information for cash flow statement

(1) Supplementary information for cash flow statement

Unit: Yuan

Supplementary information Amount for the current period Amount for the previous period

1． Adjust net profit to cash flow from operating activities

Quantity:

Net profit 82,016,133.80 109,148,122.44 plus: asset impairment provision 7,911,171.07 13,074,811.31 Depreciation of fixed assets, depreciation of oil and gas assets

67,763,308.43 70,421,593.21 Depreciation of consumption and productive biological assets

Depreciation of right-of-use assets 6,396,836.65 8,023,356.19 Amortization of intangible assets 4,215,723.90 4,338,933.41

Amortization of long-term deferred expenses 6,648,974.65 6,490,554.89 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Disposal of fixed assets, intangible assets and other

Loss of other long-term assets (income is listed with "-" sign -1,623,685.96 -488,809.64)

Loss on scrapping of fixed assets (income based on

10,549.87 49,789.26 (Fill in “-”)

Loss from change in fair value (gain based on

-186,107.85

Fill in the column with "-" sign)

Financial expenses (revenues are filled in with "-"

758,558.72 1,836,115.20 columns)

Investment losses (income is filled in with "-"

-2,754,142.96 628,939.75 columns)

Deferred tax assets decreased (increased by

3,319,201.85 1,061,809.89 (Fill in “-”)

Deferred tax liabilities increased (decreased by

-2,397,460.92 2,806,251.04 (Fill in “-”)

Decrease in inventory (increase marked with "-"

-128,119,121.93 -103,391,083.13 fill in the column)

Decrease in operating receivables (increase in

-133,364,946.92 -338,690,632.19 (please fill in the list with "-")

Increase (decrease) in operating payables

88,835,513.20 189,629,571.73 (please fill in with "-")

Others 4,333,990.79 4,878,867.70

Net cash flow generated from operating activities 3,764,496.39 -30,181,808.94 2. Major investments and financing that do not involve cash receipts or payments

Activities:

debt to capital

Convertible corporate bonds due within one year

Financing leased fixed assets

3. Net changes in cash and cash equivalents:

Closing balance of cash 679,161,759.47 354,340,519.48 Less: Opening balance of cash 874,151,625.61 531,279,269.74 Add: Closing balance of cash equivalents

Less: Opening balance of cash equivalents

Net increase in cash and cash equivalents -194,989,866.14 -176,938,750.26

(2) Net cash paid in the current period to acquire subsidiaries

Unit: Yuan

Amount

Among them:

Among them:

Among them:

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (3) Net cash received from disposal of subsidiaries in this period

Unit: yuan amount

Among them:

Among them:

Among them:

Other notes:

(4) Composition of cash and cash equivalents

Unit: Yuan Item Ending balance Beginning balance

1. Cash 679,161,759.47 874,151,625.61 Including: Cash on hand 377,114.60 430,993.79 Bank deposits that can be used for payment at any time 678,784,644.87 873,720,631.82

2. Balance of cash and cash equivalents at the end of the period 679,161,759.47 874,151,625.61

(5) Situations where the scope of use is limited but still represents cash and cash equivalents

Unit: Yuan Items that are still cash and cash equivalents Amount for the current period Amount for the previous period

Reason

(6) Monetary funds that are not cash and cash equivalents

Unit: Yuan Items that are not cash and cash equivalents Amount for the current period Amount for the previous period

Reason

Other notes:

(7) Description of other major activities

80. Notes on items in the statement of changes in owners’ equity

Explain the names of "other" items and the amount of adjustments that were made to the closing balance of the previous year:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

81. Foreign currency monetary items

(1) Foreign currency monetary items

Unit: Yuan

Items Foreign currency balance at the end of the period Conversion exchange rate Conversion of RMB balance at the end of the period Monetary Funds

Among them: US dollars 7,791,116.28 6.8109 53,064,513.87 Euros 908,743.85 7.7671 7,058,304.36

HKD 9,797.34 0.86855 8,509.48 GBP 875.00 9.0145 7,887.69 JPY 25,000.00 0.042045 1,051.13 SGD 7,522,046.26 5.2605 39,569,724.35 Australian dollars 0.11 4.6804 0.51 Brazilian reals 1,875,828.30 1.3142 2,465,213.55

Accounts receivable

Among them: US dollars 6,439,371.49 6.8109 43,857,915.28 Euros 20,981,989.50 7.7671 162,969,210.63

Hong Kong dollar

long term borrowing

Of which: US dollars

Euro

Hong Kong dollar

Other receivables

Of which: Euro 1,211.40 7.7671 9,409.06

USD 41,236.33 6.8109 280,856.52

Accounts payable

Among them: US dollars 1,141,129.42 6.8109 7,772,118.37 Euros 345,842.17 7.7671 2,686,190.72 Japanese yen 2,700,000.00 0.042045 113,521.50

Brazilian Real 108,298.50 1.3142 142,325.89

Other payables

Among them: Euro 1,404.32 7.7671 10,907.49 Other instructions:

(2) The nature of the lack of currency convertibility and its financial impact, the spot exchange rate used and its estimation process, and the risks faced by the enterprise due to the lack of currency convertibility

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(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

Project Main place of business Accounting currency Hong Kong Furui Hong Kong USD SINGAPORE INVESTMENT Singapore USD FURUISE EUROPE Spain Euro FSE Singapore Singapore Dollar Singapore Furui Energy Services Singapore USD FURUI Brazil Brazil Brazilian Real Singapore Furui Energy Singapore USD PT FURUI ENERGY INDONESIA Indonesia USD

(4) Lack of convertibility between the accounting standard currency of overseas operations and the enterprise’s presentation currency

□Applicable Not applicable

82. Leasing

(1) The company serves as the lessee

Applicable □Not applicable

Variable lease payments not included in the measurement of lease liabilities

□Applicable Not applicable

Simplified treatment of short-term leases or lease payments for low-value assets

Applicable □Not applicable

1. Rental activities

The company's leasing activities include leasing properties, land, etc. For information on right-of-use assets and lease liabilities, please refer to Note 7/Note 25, Note 43, and Note 47 of this note.

2. Simplified treatment of short-term leases and leasing of low-value assets

The Company adopts simplified treatment for leases of assets with lower value and leases with lease periods shorter than 12 months. Situations involving sale and leaseback transactions

(2) The company as the lessor

Operating lease as lessor

□Applicable Not applicable

Finance lease as lessor

□Applicable Not applicable

Undiscounted lease payments for each of the next five years

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report□Applicable Not applicable

Reconciliation of undiscounted lease receipts and net lease investment

(3) Recognizing financial lease sales profits and losses as a manufacturer or distributor

□Applicable Not applicable

83. Data resources

84. Others

8. R&D expenditures

Unit: Yuan

Item Amount for the current period Amount for the previous period

Salaries 17,081,558.57 18,690,075.47 Depreciation expenses 2,291,133.16 2,676,542.25 Material consumption 22,910,757.78 18,285,670.57 Technical consulting fees 556,286.41 693,805.19 Other expenses 1,324,740.20 852,961.55 Total 44,164,476.12 41,199,055.03 Including: Expenditure R&D expenditure 44,164,476.12 41,199,055.03

1. R&D projects that meet capitalization conditions

Unit: Yuan Increase amount in this period Decrease amount in this period

Item Opening balance Internal development Confirmed as N/A Transferred to current period Closing balance Others

Expenditure tangible assets Profit and loss

total

Significant Capitalized R&D Projects

Estimated economic benefits when capitalization begins Specific projects to begin capitalization R&D progress Estimated completion time

Production method Point entity based on development expenditure impairment provision

Unit: Yuan

Item Beginning balance Increase in the current period Decrease in the current period Ending balance Impairment test situation Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

2. Important outsourced research projects

The judgment criteria for capitalization or expense and the specific method of generating economic benefits based on the project name are as follows:

9. Changes in consolidation scope

1. Business merger not under common control

(1) Business mergers not under common control that occurred during the current period

Unit: Yuan Purchase date to Purchase date to Purchase date to the purchased party Equity acquisition Equity acquisition Equity acquisition Equity acquisition Purchased at the end of the period Acquired at the end of the period Acquired at the end of the period Name of date Time point Cost Proportion Method Determination basis Buyer’s acquisition Buyer’s net Buyer’s cash income Profit Cash flow Other explanations:

(2) Merger costs and goodwill

Unit: Yuan combined cost

--cash

--Fair value of non-cash assets

--Fair value of debt issued or assumed

--Fair value of equity securities issued

--Fair value of contingent consideration

--The fair value of the equity held before the purchase date on the purchase date

--Others

Total combined costs

Less: Share of fair value of identifiable net assets acquired

Goodwill/merger cost is less than the fair value share of identifiable net assets acquired

Um

Method for determining the fair value of merger costs:

Description of contingent consideration and its changes

The main reasons for the formation of large amounts of goodwill:

Other notes:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(3) The identifiable assets and liabilities of the purchased party on the purchase date

Unit: Yuan

Fair value on acquisition date Book value assets on acquisition date:

Monetary funds

Accounts receivable

Inventory

fixed assets

intangible assets

Liabilities:

borrow money

Accounts payable

Deferred income tax liability

net worth

Less: Minority interests

Net assets acquired

Method for determining the fair value of identifiable assets and liabilities:

Contingent liabilities of the purchased party assumed in a business combination:

Other notes:

(4) Gains or losses arising from the remeasurement of equity held before the purchase date at fair value

Is there any transaction that realizes the business combination step by step through multiple transactions and obtains control during the reporting period? Yes  No

(5) Relevant explanation that the merger consideration or the fair value of the identifiable assets and liabilities of the acquiree cannot be reasonably determined on the acquisition date or at the end of the current period of merger.

(6) Other instructions

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

2. Merger of enterprises under common control

(1) Business mergers under the same control that occurred in the current period

Unit: yuan Consolidated current period Consolidated current period

constitute the same

Business combination from the beginning of the period to the merger. The comparative period from the beginning of the period to the merger. The comparative period. The net profit obtained from the enterprises under the control of the merged party during the comparison period. The merger date. The name of the merged party. The name of the merged party. The basis for the determination of the net income of the merger.

Other instructions for profit:

(2) Merger cost

Unit: Yuan

Merger costs

--cash

--Book value of non-cash assets

--The book value of debt issued or assumed

--The face value of the equity securities issued

--Contingent consideration

Description of contingent consideration and its changes:

Other notes:

(3) Book value of the assets and liabilities of the merged party on the date of merger

Unit: Yuan

Merger date Closing assets of the previous period:

Monetary funds

Accounts receivable

Inventory

fixed assets

intangible assets

Liabilities:

borrow money

Accounts payable

net worth

Less: Minority interests

Net assets obtained by Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Contingent liabilities of the merged party assumed in a business merger:

Other notes:

3. Reverse purchase

Basic information of the transaction, the basis for the transaction constituting a reverse purchase, whether the assets and liabilities retained by the listed company constitute a business and their basis, the determination of the merger cost, the amount of equity adjustment when dealing with equity transactions and its calculation:

4. Disposal of subsidiaries

Are there any transactions or events that result in the loss of control of subsidiaries during this period?

□Yes No

Is there any situation where investments in subsidiaries are disposed of step by step through multiple transactions and control is lost in the current period?

□Yes No

5. Changes in the scope of consolidation due to other reasons

Explain the changes in the scope of consolidation caused by other reasons (such as the establishment of new subsidiaries, liquidation of subsidiaries, etc.) and their related circumstances:

Indonesia Furui Energy Company was newly established in this period and included in the consolidated financial statements.

6. Others

10. Interests in other entities

1. Interests in subsidiaries

(1) Composition of enterprise groups

Unit: Yuan

Shareholding ratio Subsidiary name Registered capital Main place of business Registration place Nature of business How to obtain

Direct Indirect Zhangjiagang Furui

300,000,00 Non-common control cryogenic technology Zhangjiagang Zhangjiagang Manufacturing 91.67% 8.33%

0.00 Merger Ltd.

Hong Kong Furuishi

49,573,120

Industrial Investment Co., Ltd. Hong Kong Hong Kong Investment 100.00% 0.00% Establishment

.00

company

Zhangjiagang Furui

594,000,00

Heavy equipment has Zhangjiagang Zhangjiagang manufacturing industry 100.00% 0.00% established

0.00

Ltd.

Zhangjiagang Furui 100,000,00 Zhangjiagang Zhangjiagang Manufacturing 84.44% 0.00% Establishment

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

New energy technology 0.00

Ltd.

Special Anjie (Jiang

Su) New Energy 10,000,000

Zhangjiagang Zhangjiagang Manufacturing 100.00% 0.00% Establishment of Technology Co., Ltd. .00

Division

Jiangsu Changlong Stone

31,250,000 Non-identical controlled equipment Co., Ltd. Zhangjiagang Zhangjiagang Manufacturing 80.00% 0.00%

.00 Merger Company

Shanghai Fulite

100,000,00

Installation Investment Management Shanghai Shanghai Investment 100.00% 0.00% Establishment

0.00

Ltd.

Zhangjiagang's first

Clean energy steam 10,000,000 Not under common control

Zhangjiagang Zhangjiagang Manufacturing 0.00% 100.00%

CAR APPLICATIONS LIMITED .00 CONSOLIDATED COMPANY

Zhangjiagang Furui

New energy intelligence 30,747,500 Non-identical control

Zhangjiagang Zhangjiagang Manufacturing 100.00% 0.00%

Systems Ltd. .00 Merger Division

Shaanxi Hongchengxin

90,000,000 Non-Common Control Energy Co., Ltd. Weinan Weinan Manufacturing 85.00% 0.00%

.00 Merger Division

Zhangjiagang Furui

100,000,00

Valve Co., Ltd. Zhangjiagang Zhangjiagang Manufacturing 70.00% 15.00% Establishment

0.00

Division

Zhangjiagang Pepsi

technology industry

30,050,000 Technology development,

Consulting company Zhangjiagang Zhangjiagang 0.00% 50.00% Established

.00 consultation

(Limited

Guy)

Jiangsu Furuineng

50,000,000

Source Services Co., Ltd. Zhangjiagang Zhangjiagang Manufacturing 70.00% 0.00% Establishment

.00

company

FURUISE

(SINGAPORE

) 56,722,852

Singapore Singapore Investment 100.00% 0.00% Establishment INVESTMENT .00

HOLDING

PTE.LTD.

FURUISE

EUROPE 5,266,267. Not under the same control

Spain Spain Trade 0.00% 100.00%

COMPANY,S. 94 Merge L.

FURUI-

SIXTEE 5,971,940. Non-identical control

Singapore Singapore Manufacturing 0.00% 100.00%

ENGINEERIN 00 Merge G PTE.LTD.

Singapore Furui

Energy Services Investment 72,665.00 Singapore Singapore Investment 100.00% 0.00% Establishment of a capital limited company

Singapore Furui 14,057,600

Singapore Trade Trade 0.00% 60.00% Establishment Energy .00

Furui Brazil has 7,124,250.

Brazil Brazil Manufacturing 0.00% 100.00% Establishment of a limited company 00

Chongqing Furuineng 50,000,000 Not under common control

Chongqing Chongqing Manufacturing 0.00% 100.00%

SOURCE SERVICES LIMITED .00 COMBINED

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

company

Sichuan Ruikexin

70,000,000

Energy Technology Services Deyang Deyang Manufacturing 0.00% 55.00% Establishment

.00

Ltd.

Shanghai Furui Hydrogen

50,000,000

New Energy Technology Shanghai Shanghai Manufacturing 51.00% 14.00% Establishment

.00

Ltd.

Zhangjiagang Ruijing

4,000,000. Non-identical control power technology Zhangjiagang Zhangjiagang Manufacturing 0.00% 71.83%

00 Merger Co., Ltd.

Sichuan Ruikuneng

40,000,000

Source Services Co., Ltd. Chongqing Chongqing Manufacturing 0.00% 65.00% Establishment

.00

company

Chongqing Ruichuan Energy

52,000,000

Source Services Co., Ltd. Sichuan Sichuan Manufacturing 0.00% 51.00% Establishment

.00

company

Sichuan Ruijinxin

25,000,000

Energy Technology Services Sichuan Sichuan Manufacturing 0.00% 65.00% Establishment

.00

Ltd.

Zhangjiagang Ruipin

10,000,000

Intelligent equipment has Zhangjiagang Zhangjiagang manufacturing industry 70.00% 0.00% established

.00

Ltd.

Sichuan Furuineng

50,000,000

Source Services Co., Ltd. Sichuan Sichuan Trading 0.00% 100.00% Establishment

.00

company

Guizhou Ruifengneng

20,000,000

Source Services Co., Ltd. Guizhou Guizhou Manufacturing 0.00% 100.00% Establishment

.00

company

Furui Energy Technology

10,000,000

Technology (Shanghai) Shanghai Shanghai Trading 0.00% 100.00% Establishment

.00

Ltd.

PT FURUI

12,403,980

ENERGY Indonesia Indonesia Trade 0.00% 100.00% Establishment

.00

INDONESIA

Explanation on the difference between the proportion of shareholding in subsidiaries and the proportion of voting rights:

Basis for holding half or less of the voting rights but still controlling the invested unit, and holding more than half of the voting rights but not controlling the invested unit:

For important structured entities included in the scope of consolidation, the basis for control is:

Basis for determining whether a company is agent or principal:

Other notes:

(2) Important non-wholly owned subsidiaries

Unit: Yuan

Attributable to minority shareholders in this period. Announcement to minority shareholders in this period. Name of remaining company with minority shareholders’ equity at the end of the period. Shareholding ratio of minority shareholders.

Profit and loss of dividends distributed Furui Nengfu 30.00% 7,612,209.03 15,000,000.00 37,716,463.48 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Furui New Energy 15.56% 5,818,377.24 11,900,000.00 25,445,446.55 Chimelong Equipment 20.00% 2,982,636.69 19,831,237.66 Sichuan Ruike 61.50% 10,537,067.41 2,649,222.89 51,128,653.24 Explanation on the difference between the shareholding ratio of minority shareholders of subsidiaries and the voting rights ratio:

Other notes:

(3) Main financial information of important non-wholly owned subsidiaries

Unit: Yuan

Ending balance Beginning balance

Zigong

non-flow non-flow non-flow non-flow

Company name Current assets Current liabilities Current assets Current liabilities

dynamic capital dynamic negative dynamic capital dynamic negative

Said Assets Total Liabilities Total Assets Total Liabilities Total

property debt property debt

168,4 125,9 294,4 168,7 168,7 211,2 161,1 372,4 224,9 224,9 Furui

88,86 37,38 26,24 04,70 04,70 85,69 59,57 45,27 65,21 65,21 Can serve

3.72 3.80 7.52 2.58 2.58 6.57 3.75 0.32 8.96 8.96 698,0 46,95 744,9 578,5 2,863 581,3 709,9 52,07 762,0 628,8 3,040 631,8 Furui

28,65 9,383 88,03 25,61 ,629. 89,24 26,43 8,186 04,61 34,14 ,839. 74,98New Energy

0.26 .11 3.37 0.93 45 0.38 2.56 .63 9.19 1.91 50 1.41 220.3 31.99 252.3 152.7 153.2 193.8 36.63 230.4 146.6 147.2 Changlong 521,2 571,6

88,64 6,106 84,74 07,31 28,55 06,93 0,741 37,67 85,23 56,91Equipment 38.92 81.40

0.25 .92 7.17 9.94 8.86 2.60 .48 4.08 8.20 9.60 76,72 59,64 136,3 30,70 3,758 34,46 33,46 72,02 105,4 12,41 5,226 17,64Sichuan

9,672 8,509 78,18 3,092 ,580. 1,672 6,682 6,533 93,21 5,919 ,899. 2,819 Ruike

.59 .29 1.88 .42 12 .54 .94 .01 5.95 .64 93 .57Unit: Yuan

Amount for the current period Amount for the previous period

Subsidiary name

Comprehensive Income Operating Activities Comprehensive Income Operating Activities Operating Income Net Profit Operating Income Net Profit

Total Cash Flow Total Cash Flow - -

114,518,0 25,374,03 25,374,03 71,009,80 21,650,28 21,650,28

Furui Nengfu 26,349,62 14,303,40 77.79 0.09 0.09 2.67 9.89 9.89

8.38 4.84 - -

529,890,6 37,403,85 37,403,85 428,594,8 36,647,57 36,647,57

Furui New Energy 8,929,814 30,744,87 43.64 3.69 3.69 15.98 4.56 4.56

.78 6.84 - - - -

78,395,46 14,913,18 14,913,18 28,300,84

Chimelong Equipment 11,756,73 6,765,033 6,765,033 1,763,281 1.92 3.46 3.46 3.14

6.80 .86 .86 .29

195,052,5 17,133,44 17,133,44 27,471,41 112,023,4 7,384,521 7,384,521 22,816,45 Sichuan Ruike

59.81 2.94 2.94 1.71 24.46 .09 .09 7.10Other instructions:

(4) Significant restrictions on the use of enterprise group assets and repayment of enterprise group debts

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (5) Financial support or other support provided to structured entities included in the scope of consolidated financial statements

Other notes:

2. Transactions in which the owner’s equity share in the subsidiary changes and the subsidiary still controls the subsidiary

(1) Description of changes in owner’s equity shares of subsidiaries

(2) The impact of the transaction on minority shareholders’ equity and owner’s equity attributable to the parent company

Unit: Yuan purchase cost/disposal consideration

--cash

--Fair value of non-cash assets

Total purchase cost/disposal consideration

Less: Share of net assets of subsidiaries calculated based on the proportion of equity acquired/disposed of

difference

Including: Adjustment of capital reserve

Adjust the surplus reserve

Adjust undistributed profits

Other instructions

3. Interests in joint ventures or associated enterprises

(1) Important joint ventures or associates

Shareholding ratio Investment in joint ventures or joint ventures or associates Main place of business Registration place Nature of business

Name of operating enterprise Direct indirect accounting treatment method

Fa Tongchuang Fund Shenzhen Zhangjiagang Investment Fund 45.00% Explanation on the equity method’s shareholding ratio in joint ventures or associates is different from the voting rights ratio:

Basis for holding less than 20% of the voting rights but having significant influence, or holding 20% or more of the voting rights but not having significant influence:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(2) Main financial information of important joint ventures

Unit: Yuan

Ending balance/amount of the current period Beginning balance/amount of the previous period

current assets

Of which: cash and cash equivalents

non-current assets

Total assets

current liabilities

non-current liabilities

Total liabilities

minority interests

Equity attributable to shareholders of the parent company

Share of net assets calculated based on shareholding ratio

Adjustments

--Goodwill

--Unrealized profits from internal transactions

--Others

Book value of equity investments in joint ventures

There are publicly quoted equity investments in joint ventures

fair value

operating income

financial charges

income tax expense

net profit

Net profit from discontinued operations

other comprehensive income

Total comprehensive income

Dividends received from joint ventures during the year

Other instructions

(3) Main financial information of important associates

Unit: Yuan Closing balance/amount of the current period Opening balance/amount of the previous period

Tongchuang Fund Tongchuang Fund Current assets 1,083,187.48 1,083,288.67 Non-current assets 70,753,848.00 70,753,848.00 Total assets 71,837,035.48 71,837,136.67 Current liabilities

non-current liabilities

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Total liabilities

minority interests

Equity attributable to shareholders of the parent company 71,837,035.48 71,837,136.67 Share of net assets calculated based on shareholding ratio 32,326,665.69 32,326,711.23 Adjustment matters

--Goodwill

--Unrealized profits from internal transactions

--Others

Book value of equity investments in associates 32,326,665.69 32,326,711.23 Equity investments in associates with publicly quoted prices

fair value

operating income

Net profit -101.19 459,505.53 Net profit from discontinued operations

other comprehensive income

Total comprehensive income -101.19 459,505.53

Dividends received from associates during the year

Other instructions

(4) Summary financial information of unimportant joint ventures and associates

Unit: Yuan

Ending balance/Amount incurred in the current period Opening balance/Amount incurred in the previous period Joint ventures:

The total of the following items calculated based on shareholding ratio

Associates:

The total of the following items calculated based on shareholding ratio

Other instructions

(5) Explanation of significant restrictions on the ability of joint ventures or associates to transfer funds to the company

(6) Excess losses incurred by joint ventures or associates

Unit: Yuan

Unrecognized losses in the current period (or

Name of joint venture or associated enterprise Accumulated unrecognized losses in previous periods Accumulated unrecognized losses at the end of the period

shared net profit)

Other instructions

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report (7) Unconfirmed commitments related to investment in joint ventures

(8) Contingent liabilities related to investments in joint ventures or associates

4. Important joint operations

Shareholding ratio/share joint business name Main place of business Registration place Nature of business

Explanation on whether the direct or indirect shareholding ratio or share in a joint operation is different from the voting right ratio:

If the joint operation is a separate entity, the basis for classifying it as a joint operation is:

Other instructions

5. Equity in structured entities not included in the scope of consolidated financial statements

Relevant instructions for structured entities not included in the scope of consolidated financial statements:

6. Others

11. Government subsidies

1. Government subsidies recognized according to the amount receivable at the end of the reporting period

□Applicable Not applicable

Reasons for failure to receive the estimated amount of government subsidy at the estimated time

□Applicable Not applicable

2. Liability items involving government subsidies

Applicable □Not applicable

Unit: Yuan Included in the current period

New supplements added in the current period are transferred to other changes and assets/receipts in the current period. Opening balance of the current period. Non-professional income. Ending balance of subsidy amount. Amount of other income. Movement and interest related amount.

5,293,651. 4,986,704. Deferred income 248,000.00 554,947.05 Related to assets

73 68

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. Government subsidies included in current profits and losses

Applicable □Not applicable

Unit: Yuan

Accounting accounts Amount for the current period Amount for the previous period

Other income 2,273,558.02 3,171,005.08 Total 2,273,558.02 3,171,005.08 Other instructions

12. Risks related to financial instruments

1. Various risks arising from financial instruments

The company's operating activities will face various financial risks, including credit risk, market risk and liquidity risk. The company's operating management is fully responsible for the determination of risk management objectives and policies, and assumes ultimate responsibility for the risk management objectives and policies. Operations management reviews the effectiveness of executed procedures and the rationality of risk management objectives and policies through work reports submitted by functional departments. The Company's internal audit department also audits risk management policies and procedures and reports relevant findings to the Audit Committee.

The overall goal of the company's risk management is to formulate risk management policies that reduce risks as much as possible without unduly affecting the company's competitiveness and resilience.

2. Hedging

(1) The company carries out hedging business for risk management

□Applicable Not applicable

(2) The company carries out qualified hedging business and applies hedging accounting

Unit: Yuan Confirmed hedged items

The effectiveness of the hedge and the absence of a hedge are included in the hedged item and the carrying value of the hedge. Hedge accounting has a negative impact on the company's financial items.

The related book value of period instruments and the cumulative fair effect of hedged items are partly derived from the relevant impact on financial statements.

Value Hedge Adjustment

Hedging risk type

Hedging category

Other instructions

(3) The company carries out hedging business for risk management and expects to achieve risk management objectives but does not apply hedging accounting

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

3. Financial assets

(1) Classification of transfer methods

□Applicable Not applicable

(2) Financial assets derecognized due to transfer

□Applicable Not applicable

(3) Asset transfer financial assets that continue to be involved

□Applicable Not applicable

Other instructions

13. Disclosure of fair value

1. Closing fair value of assets and liabilities measured at fair value

Unit: Yuan Ending Fair Value

Item Level 1 fair value measurement Second level fair value measurement Third level fair value measurement

total

quantity quantity quantity

1. Sustained fair value

---

Measurement

(3) Derivative financial assets 1,946,638.81 1,946,638.81 Receivables financing 255,588,333.34 255,588,333.34

(3) Other equity instruments

14,258,258.39 14,258,258.39 Investment

Measured at fair value on an ongoing basis

Total assets of 1,946,638.81 269,846,591.73 271,793,230.54

2. Non-sustainable fair price

---

value measurement

2. Basis for determining the market price of continuous and non-continuous first-level fair value measurement items

3. Continuous and non-continuous second-level fair value measurement items, valuation techniques used and qualitative and quantitative information on important parameters

The company's second-level fair value measurement items are mainly derivative financial assets. Derivative financial assets are formed from unexpired forward foreign exchange settlement and sales contracts, and their valuation adopts the end-of-period floating profit and loss valuation of the financial institution that is the party to the forward foreign exchange settlement and sales contract.

4. Continuous and non-continuous third-level fair value measurement projects, valuation techniques used and qualitative and quantitative information on important parameters

The remaining term of receivables financing and bank wealth management product investment is short, and the book value is close to the fair value. The book value is used as the fair value.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 semi-annual report value.

Investments in other equity instruments are non-trading equity investment instruments, and the company uses specific valuation techniques to determine fair value on the measurement date. Qualitative and quantitative information on valuation techniques and important parameters used for items with continuous and non-continuous third-level fair value measurement.

5. Continuous third-level fair value measurement items, reconciliation information between the opening and closing book values and sensitivity analysis of unobservable parameters

6. 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

7. Valuation technology changes that occurred during the current period and reasons for the changes

8. Fair value of financial assets and financial liabilities not measured at fair value

9. Others

14. Related parties and related transactions

1. Information about the parent company of this enterprise

Parent company to this enterprise Parent company to this enterprise Parent company name Place of registration Nature of business Registered capital

The proportion of shareholding and the proportion of voting rights. Explanation of the parent company of the enterprise.

The ultimate controlling party of this enterprise is.

Other notes:

The company’s largest shareholder

Shareholder’s permanent residence Proportion of shareholding in the company (%) Proportion of voting rights in the company (%)

Huang Feng Zhangjiagang City, Jiangsu Province 7.46 7.46

2. Information about the company’s subsidiaries

Please refer to Note 10 (1) for details of the company's subsidiaries.

3. Information on joint ventures and associated enterprises of the enterprise

Please refer to Note 10 (3) for details of the company's important joint ventures or associates.

The information of other joint ventures or associates that have related party transactions with the company in the current period, or have related party transactions with the company in previous periods resulting in balances, is as follows: Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

Name of joint venture or associated enterprise Relationship with this enterprise

Other instructions

4. Other related parties

Names of other related parties Relationship between other related parties and the company

Jiangsu Xinjie Joint Stock Company

Wuyuan Liangshan Joint Stock Company

Jilin Ruida joint-stock company

Zhangjiagang Qingyan Testing Technology Co., Ltd. (hereinafter referred to as Qingyan Testing) is a subsidiary of a joint-stock company

Hangrui Power Co., Ltd.

Qingyan Remanufacturing Joint Stock Company

Han Ruijing Joint Stock Company

Minority shareholder of Sichuan Shengkun Energy Services Co., Ltd. (hereinafter referred to as Sichuan Shengkun) subsidiary Sichuan Ruikun

Other instructions

5. Related transactions

(1) Related transactions related to the purchase and sale of goods, provision and receipt of services

Procurement of goods/service acceptance form

Unit: Yuan Whether it exceeds the transaction amount

Related parties Related party transaction content Amount incurred in the current period Approved transaction quota Amount incurred in the previous period

Hanruijing Products 2,479,808.96 No 2,538,098.87 Sales of goods/provision of services

Unit: Yuan Related party Contents of related transactions Amount incurred in the current period Amount incurred in the previous period

Han Ruijing Products 373,185.84 101,592.92 Description of related transactions for purchasing and selling goods, providing and receiving services

(2) Related entrusted management/contracting and entrusted management/outsourcing situation

The company's entrusted management/contracting status table:

Unit: yuan trusteeship income/contract entrusted party/contractor confirmed in the current period trustee/contractor entrusted/contracting capital entrusted/contracted from entrusted/contracted end

Package revenue pricing is based on managed revenue/contractor name party name product type start date end date

According to the income-related custody/contracting situation

The company’s entrusted management/outsourcing status table:

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Entrusting party/outsourcing Entrusted party/contracting Entrusting/outsourcing capital Starting from entrusting/outsourcing End of entrusting/outsourcing Escrow fee/outsourcing Name of the entruster confirmed in this period Name of the contractor Product type Start date End date Fee pricing basis Management fee/outsourcing fee related management/outsourcing situation description

(3) 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 The company, as the lessee:

Unit: Yuan Short-term simplified treatment not included in lease liabilities

Leases and low-value assets Variable leases measured Lease liabilities assumed Increased rent paid for right-of-use assets

Lessor Lease asset Rental payment (if appropriate) Interest expense Asset

Name Product Category Use (if applicable)

Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period Issued in the previous period Issued in this period

(4) Related guarantees

The company acts as a guarantor

Unit: Yuan guarantee has been fulfilled by the guaranteed party. Guarantee amount. Guarantee start date. Guarantee expiry date.

Complete

Furui Cryogenics 67,433,500.00 February 24, 2023 February 24, 2028 No

Heavy equipment 176,597,000.00 April 3, 2023 April 2, 2028 No

Furui Nengfu 30,000.00 June 18, 2023 June 17, 2028 No

Chimelong Equipment 45,321,400.00 March 12, 2026 March 12, 2027 No

Furui Valve 6,216,100.00 November 14, 2025 November 14, 2026 No

Furui New Energy 90,000.00 September 28, 2025 September 28, 2026 No

Total 295,688,000.00

The company as the guaranteed party

Unit: Yuan guarantee has been fulfilled by the guarantor. Guarantee amount. Guarantee starting date. Guarantee expiry date.

Complete

Furui Cryogenic/Heavy Equipment 20,038,900.00 September 13, 2025 September 13, 2026 No

Description of related guarantees

(5) Fund lending from related parties

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Related parties Borrowing amount Start date Maturity date Description

dismantle

Sichuan Shengkun 4,900,000.00 September 1, 2025 September 1, 2026 Annual interest rate 3%

take out

(6) Asset transfer and debt restructuring of related parties

Unit: Yuan

Related parties Related party transaction content Amount incurred in the current period Amount incurred in the previous period

(7) Remuneration of key management personnel

Unit: Yuan

Item Amount for the current period Amount for the previous period

Remuneration of key management personnel 8,139,784.71 8,095,156.49

(8) Other related transactions

6. 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 Accounts receivable Hangrui Power 1,571,657.10 1,571,657.10 1,571,657.10 1,571,657.10 Accounts receivable Hanruijing 289,050.00 5,781.00 158,338.37 66,468.46 Accounts receivable Jiangsu Xinjie 49,999.99 49,999.99 49,999.99 49,999.99 Accounts receivable Jilin Ruida 5,600,000.00 5,600,000.00 5,600,000.00 5,600,000.00

(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 Qingyan Testing 40,000.00 45,000.00 Accounts payable Han Ruijing 2,663,927.81 4,139,722.06 Advance payments Qingyan Remanufacturing 144,154.32 144,154.32 Advance payments Han Ruijing 132,650.00 Advance receipts Wuyuan Liangshan 8,397,486.08 6,722,486.08

7. Related party commitments

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

8. Others

15. Share-based payment

1. Overall situation of share-based payment

Applicable □Not applicable

Unit: Yuan Grant object Granted in this period Exercise in this period Unlocked in this period Expiration category in this period Quantity Amount Quantity Amount Quantity Amount Quantity Amount Company employees

Stock options or other equity instruments outstanding at the end of the period

□Applicable Not applicable

Other instructions

2. Equity-settled share-based payment

Applicable □Not applicable

Unit: Yuan The method for determining the fair value of equity instruments on the date of grant is based on the Black-Scholes model.

Important parameters for the fair value of equity instruments on the date of grant: Market price

Basis for determining the number of exercisable equity instruments Agreement agreement

The cumulative amount of equity-settled share-based payment included in capital reserves 132,731,734.95 Total expenses recognized for equity-settled share-based payment in the current period 10,132,231.97 Other notes

3. Share-based payment settled in cash

□Applicable Not applicable

4. Share-based payment expenses for this period

Applicable □Not applicable

Unit: Yuan Grant object category Equity-settled share-based payment expenses Cash-settled share-based payment expenses Company employees 10,132,231.97

Total 10,132,231.97

Other instructions

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

5. Modification and termination of share-based payment

6. Others

16. Commitments and contingencies

1. Important commitments

Important commitments existing at the balance sheet date

As of June 30, 2026, please see “VII. Notes to Consolidated Financial Statement Items” 31 for the company’s external pledged and mortgaged assets.

Except for the above commitments, as of June 30, 2026, the Company has no other major commitments that should be disclosed but have not been disclosed.

2. Contingent matters

(1) Important contingencies existing on the balance sheet date

1． Contingencies arising from pending litigation or arbitration and their financial impact

(1) As the plaintiff, the company sued Jilin Ruida and Yili Gas Co., Ltd. for a contract dispute over the technical transformation project of the 100,000 m3 LNG liquefaction plant project. The case was heard by the Dehui City People's Court of Jilin Province and a civil judgment was made on November 20, 2020, ordering Jilin Ruida to pay the company 5.6 million yuan in technical transformation project fees within seven days after the judgment came into effect; Yili Gas Co., Ltd. paid 306.04 of the above technical transformation project fees. Ten thousand yuan shall bear joint and several guarantee liability; if the monetary payment obligation is not performed within the period specified in this judgment, the debt interest for the period of delayed performance shall be doubled. As of June 30, 2026, the case has reached a final verdict. The company won the case, but the execution has not resulted in property and the execution has been terminated.

(2) The company’s subsidiary Chimelong Equipment, as the plaintiff, sued Xinxing Guoneng (Beijing) Technology and Trade Co., Ltd. for a contract dispute in February 2023, involving a total amount of 4.6554 million yuan. As of June 30, 2026, the first instance of this case has been decided. The company won the case, but the funds involved in the lawsuit have not been implemented, and the case has been finalized. As of the reporting date, shareholders Jia Shi (Beijing) Supply Chain Management Co., Ltd. and CNPC Emerging Energy Industry Group International Trading Co., Ltd. have been sued, pending the first instance hearing.

(3) The company's subsidiary Furui Energy served as the plaintiff in a contract dispute case against Shandong Zhonghuan Yuesheng Energy Development Co., Ltd. in August 2025, involving a total amount of 4.6892 million yuan. As of June 30, 2026, the first instance of this case has been decided, and the company won the case. However, the funds involved in the lawsuit have not been implemented, and the case has been finalized. In July 2026, shareholder Chengdu Chuangxin Shangwei Enterprise Management Co., Ltd. and original shareholders Wang Xianglong and Qi Huan were sued, pending the first instance hearing.

(4) The company’s subsidiary Chongqing Furui Nengfu, as the plaintiff, sued Sichuan Shanghuicheng New Energy Technology Co., Ltd. and others for a contract dispute in October 2025, involving a total amount of 2.7756 million yuan. As of June 30, 2026, the first instance of this case has been decided, and the company won the case. As of the reporting date, an application has been made to the court for enforcement.

(2) If the company has no important contingencies that need to be disclosed, this should also be explained.

The company has no important contingencies that need to be disclosed.

3. Others

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

17. Events after the balance sheet date

1. Important non-adjustment matters

Unit: yuan Impact items on financial status and operating results Content Reasons why the impact cannot be estimated

number of rings

2. Profit distribution

3. Sales return

4. Description of other post-balance sheet events

18. Other important matters

1. Correction of accounting errors in the previous period

(1) Retrospective restatement method

Unit: Yuan

Contents of correction of accounting errors in the affected comparative period reports Processing procedures Cumulative impact number

Project name

(2) Prospective applicable law

Contents of correction of accounting errors Approval process Reasons for adopting prospective application method

2. Debt restructuring

3. Asset replacement

(1) Non-monetary asset exchange

(2) Other asset swaps

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

4. Annuity plan

5. Termination of operations

Unit: Yuan Attributable to Parent Company Items Revenue Expenses Total Profit Income Tax Expense Net Profit Termination of Owner

operating profit

Other instructions

6. Branch information

(1) Determination basis and accounting policies of reporting segments

The company determines its operating segments based on its internal organizational structure, management requirements, internal reporting system, etc. A company's operating segments refer to components that simultaneously meet the following conditions:

① This component can generate income and incur expenses in daily activities;

② The management can regularly evaluate the operating results of the component to decide to allocate resources to it and evaluate its performance;

③ Be able to obtain relevant accounting information such as the financial status, operating results and cash flow of the component through analysis.

The company's business areas focus on cryogenic storage and transportation equipment, heavy equipment, LNG sales and operation and maintenance services, petrochemical loading and unloading equipment and other businesses; the company determines the reporting segments of cryogenic storage and transportation equipment, heavy equipment, LNG sales and operation and maintenance services, petrochemical loading and unloading equipment based on industry segments. The accounting policies of each reporting segment are consistent with the accounting policies described in Note 4.

(2) Financial information of reporting segments

Unit: Yuan low temperature storage and transportation, petrochemical loading and unloading, LNG sales and

Item Reinstallation of equipment Others Inter-segment elimination Total equipment Equipment Operation and maintenance services

-

1. Business 924,910,95 164,871,39 78,395,461 726,369,52 1,798,494. 1,432,941,

463,403,91

Income 5.83 5.19 .92 6.21 15 915.99 7.31

-

2. Business 768,199,14 123,816,95 50,020,538 686,579,61 1,186,636,

515,204.67 442,495,28

Cost 8.90 5.62 .80 3.56 178.41 3.14

---

3. Profit 264,494,81 17,653,146 38,694,363 95,208,932

1,120,798. 2,850,671. 221,661,92

Total 3.63 .57 .55 .35 34 64 1.42

4. Net profit 262,156,00 14,913,183 30,429,406 82,016,133

193,734.90 2,673,342. 223,002,85

Run 2.86 .46 .39 .80 34 1.47

-

5. Assets 4,028,308, 1,088,811, 252,384,74 849,919,25 318,673,63 4,118,071,

2,420,026,

Total 798.28 746.15 7.17 9.33 0.33 350.24 831.02

-

6. Liabilities 1,115,740, 280,359,71 153,228,55 536,732,95 182,628,20 1,454,762,

813,927,02

Total 128.65 6.15 8.86 9.30 9.68 547.91

4.73

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(3) If the company has no reportable segments, or cannot disclose the total assets and total liabilities of each reportable segment, the reasons should be explained.

(4) Other instructions

7. Other important transactions and matters that have an impact on investors’ decision-making

8. Others

19. Notes on main items of the parent company’s financial statements

1. Accounts receivable

(1) Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 65,920,970.21 84,114,520.94 1 to 2 years 83,575,244.92 28,111,499.06 2 to 3 years 27,777,856.88 16,601.49 More than 3 years 117,284,868.59 104,838,331.76 3 to 4 years 16,601.49 1,171,705.21 4 to 5 years 1,171,483.13 847,138.44

More than 5 years 116,096,783.97 102,819,488.11 Total 294,558,940.60 217,080,953.25

(2) Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

By item

bad provision

74,910, 74,910, 75,043, 75,043,

Account preparation 25.43% 100.00% 34.57% 100.00%

643.59 643.59 817.73 817.73

receivables

Accounts

its

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Medium:

by combination

bad provision

219,648 24,687, 194,960 142,037 24,706, 117,330Account provisions 74.57% 11.24% 65.43% 17.39%

,297.01 687.35 ,609.66 ,135.52 807.32 ,328.20 receivables

Accounts

its

Medium:

Other sales 24,967, 24,687, 279,911 25,912, 24,706, 1,206,0

8.48% 98.88% 11.94% 95.35%

Sales price 598.35 687.35 .00 884.15 807.32 76.83Consolidated scope

Weineiguan 194,680 194,680 116,124 116,124

66.09% 53.49%

Joint sales, 698.66, 698.66, 251.37, 251.37 sales

294,558 99,598, 194,960 217,080 99,750, 117,330Total 100.00% 33.81% 100.00% 45.95%

,940.60 330.94 ,609.66 ,953.25 625.05 ,328.20

Category name of bad debt provision for individual items:

Unit: Yuan

Beginning balance Closing balance

Name

Book balance Bad debt provision Book balance Bad debt provision Provision ratio Reason for provision Jilin Province Tianfuneng

14,247,433.6 14,247,433.6 14,247,433.6 14,247,433.6

Source Group Co., Ltd. 100.00% is not expected to be recovered

5 5 5 5

Division

Jinhua Youth Automobile

8,700,755.06 8,700,755.06 8,700,755.06 8,700,755.06 100.00% Not expected to be recovered Manufacturing Co., Ltd.

Mountain things can be natural

Gas Utilization Co., Ltd. 6,518,660.45 6,518,660.45 6,518,660.45 6,518,660.45 100.00% It is expected that the company cannot be recovered

Huizhou Zhongtai Automobile

Yun Energy Co., Ltd. 3,774,400.00 3,774,400.00 3,774,400.00 3,774,400.00 100.00% It is expected that the company cannot be recovered

Shandong Kerui Petroleum

Natural Gas Engineering Group 3,642,709.45 3,642,709.45 3,642,709.45 3,642,709.45 100.00% It is expected that the Group Co., Ltd. cannot be recovered

Jinmei Logistics Co., Ltd.

3,340,020.00 3,340,020.00 3,340,020.00 3,340,020.00 100.00% It is expected that the company cannot recover

Yunnan Luda Financial Intelligence

Industrial Co., Ltd. 2,949,500.00 2,949,500.00 2,949,500.00 2,949,500.00 100.00% It is expected that the company cannot be recovered

Fuxin Guangtai Industrial

2,817,375.00 2,817,375.00 2,817,375.00 2,817,375.00 100.00% Limited liability company is not expected to be recovered

Wuan Xinjie Energy

Technology Development Co., Ltd. 2,631,000.00 2,631,000.00 2,631,000.00 2,631,000.00 100.00% It is expected that the company cannot be recovered

Shanxi Guoyun Liquefaction

Natural Gas Development Co., Ltd. 2,179,544.86 2,179,544.86 2,179,544.86 2,179,544.86 100.00% is not expected to be recovered

Zaozhuang Xineng Xinyuan

Utilization of large natural gas 2,145,921.24 2,145,921.24 2,145,921.24 2,145,921.24 100.00% Expected to be unrecoverable Co., Ltd.

Urumqi City

Shengda Environmental Protection Technology 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 100.00% Expected to be unrecoverable Co., Ltd.

Zhangjiagang Shipping Ruidong

1,571,657.10 1,571,657.10 1,571,657.10 1,571,657.10 100.00% Estimated irrecoverability Co., Ltd.

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Dali remote car

Sales Service Co., Ltd. 1,339,034.81 1,339,034.81 1,339,034.81 1,339,034.81 100.00% It is expected that the company cannot be recovered

Hamworthy

Oil & Gas 1,101,110.37 1,101,110.37 967,936.23 967,936.23 100.00% Systems AS is not expected to be recovered

Linyi Xineng Natural

Gas Utilization Co., Ltd. 1,090,500.00 1,090,500.00 1,090,500.00 1,090,500.00 100.00% It is expected that the company cannot recover

Guanghuitian, Wusu City

1,026,000.00 1,026,000.00 1,026,000.00 1,026,000.00 100.00% Natural Gas Co., Ltd. is not expected to be recovered

Xi'an City Ruo Fiber Merchant

1,016,133.36 1,016,133.36 1,016,133.36 1,016,133.36 100.00% It is expected that it cannot be recovered Trading Co., Ltd.

Other sporadic 153 13,352,062.3 13,352,062.3 13,352,062.3 13,352,062.3

100.00% Expected to be unable to recover customers 8 8 8 8

75,043,817.7 75,043,817.7 74,910,643.5 74,910,643.5

total

3 3 9 9

Category name of bad debt provisions accrued by combination: (1) Sales payment

Unit: Yuan

Ending balance

Name

Book balance Bad debt provision Provision ratio

Within 1 year 175,162.24 3,503.24 2.00% 1-2 years 10.00% 2-3 years 9,000.00 1,800.00 20.00% 3-4 years 1,504.00 752.00 50.00% 4-5 years 501,500.00 401,200.00 80.00% More than 5 years 24,280,432.11 24,280,432.11 100.00% Total 24,967,598.35 24,687,687.35

Description of what this combination is based on:

Category name of bad debt provisions accrued by combination: Related party combination

Unit: Yuan

Ending balance

Name

Book balance Bad debt provision Provision ratio

Singapore investment 4,485,964.96

Furui New Energy 54,549,284.98

Chimelong Equipment 44,774,574.65

Shaanxi Hongcheng 108,158.49

Furui Valve 70,829,922.54

Furui Nengfu 13,611,959.70

Chongqing Furui 4,613,625.09

Ruijing Power 295,351.65

Furui Energy (Shanghai) 1,411,856.60

Total 194,680,698.66

Description of what this combination is based on:

If bad debt provisions for accounts receivable are made according to the general expected credit loss model:

□Applicable Not applicable

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

(3) Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or transfer Write-off Others

Bad debts of accounts receivable 99,750,625.0 99,598,330.9 129,069.73 281,363.84

Preparation 5 4 99,750,625.0 99,598,330.9 Total 129,069.73 281,363.84

5 4 Among them, the amount of bad debt provision recovery or reversal in the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

(4) Accounts receivable actually written off in the current period

Unit: yuan item write-off amount

Important write-offs of accounts receivable:

Unit: Yuan Whether the amount is paid by the name of the related unit Nature of accounts receivable Write-off amount Reason for write-off Performed write-off procedures

transaction generated

Instructions for writing off accounts receivable:

(5) Accounts receivable and contract assets with the top five closing balances collected by debtors

Unit: Yuan accounts receivable and combined accounts receivable, bad debts, quasi-accounts receivable, ending balance, contract assets, ending balance, accounts receivable and contracts

Unit name Closing balance of same assets Provision and contract asset reduction amount Closing balance of assets

Proportion of the total value preparation closing balance Zhangjiagang Furui Valve

70,829,922.54 70,829,922.54 24.05%

Ltd.

Zhangjiagang Furui New Energy

54,549,284.98 54,549,284.98 18.52%

Source Technology Co., Ltd.

Jiangsu Changlong Stone Cosmetics

44,774,574.65 44,774,574.65 15.20%

equipment co., ltd.

Jilin Province Tianfu Energy

14,247,433.65 14,247,433.65 4.84% 14,247,433.65 Group Co., Ltd.

Jiangsu Furui Energy Services

13,611,959.70 13,611,959.70 4.62%

Services Co., Ltd.

Total 198,013,175.52 198,013,175.52 67.23% 14,247,433.65 Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report

2. Other receivables

Unit: Yuan Item Ending balance Beginning balance

Interest receivable 39,084,508.43 39,193,593.36 Other receivables 22,874,905.08 22,847,429.51 Total 61,959,413.51 62,041,022.87

(1) Interest receivable

1. Classification of interest receivable

Unit: Yuan Item Ending balance Beginning balance

Borrowing interest 39,084,508.43 39,193,593.36 Total 39,084,508.43 39,193,593.36

2. Important overdue interest

Unit: Yuan Whether impairment occurs and the borrowing unit is judged. Ending balance Overdue time Reason for overdue

Judgment basis

Other notes:

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

5. Interest receivable actually written off in the current period

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-annual Report Items Write-off Amount

Among them, the important write-off of interest receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

transaction generated

Write-off instructions:

Other notes:

(2) Dividends receivable

1. Classification of dividends receivable

Unit: yuan project (or invested unit) Ending balance Beginning balance

2. Important dividends receivable aged more than 1 year

Unit: Yuan Whether impairment occurs and the judgment item (or invested unit) Closing balance Aging Reason for non-recovery

Judgment basis

3. Classified disclosure according to bad debt accrual method

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Other changes

Among them, the amount of recovery or reversal of bad debt provisions for the current period is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

Other notes:

5. Dividends receivable actually written off in the current period

Unit: yuan item write-off amount

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Among them, the important write-off of dividends receivable

Unit: Whether the yuan amount is paid by the name of the related unit, nature of the amount, write-off amount, write-off reason, write-off procedures performed

Instructions for writing off transactions:

Other notes:

(3) Other receivables

1. Classification of other receivables according to nature of payment

Unit: Yuan

Nature of payment Book balance at the end of the period Book balance at the beginning of the period

Related transactions within the scope of consolidated statements 163,773,313.87 163,791,396.07 Employee loans 32,698.10 9,653.90 Guarantees and deposits 1,431,454.41 1,769,215.51 Other transactions 13,039,004.30 12,668,616.20 Total 178,276,470.68 178,238,881.68

2. Disclosure based on aging

Unit: Yuan

Aging Book balance at the end of the period Book balance at the beginning of the period

Within 1 year (including 1 year) 160,202.14 2,189,681.63 1 to 2 years 2,136,596.70 2,313,515.95 2 to 3 years 2,239,433.76 127,167.13 More than 3 years 173,740,238.08 173,608,516.97 3 to 4 years 127,167.13 573,515.85 4 to 5 years 573,515.85 6,912,581.05

More than 5 years 173,039,555.10 166,122,420.07 Total 178,276,470.68 178,238,881.68

3. Classified disclosure according to bad debt accrual method

Unit: Yuan Ending balance Beginning balance

Book balance Provision for bad debts Book balance Provision for bad debts

Category Book price Book price provision ratio Provision ratio

Amount Ratio Amount Value Amount Ratio Amount Value

Example Example

Among them:

Among them:

Provision for bad debts is made based on the general expected credit loss model:

Unit: Yuan Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

The first stage The second stage The third stage

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 6,653.74 155,384,798.43 155,391,452.17 Balance on January 1, 2026

In this issue

Provision for the current period 10,113.43 10,113.43 Remainder of June 30, 2026

16,767.17 155,384,798.43 155,401,565.60

Basis for division of each stage and provision ratio for bad debts

Changes in book balances with significant changes in loss provision during the period

□Applicable Not applicable

4. Bad debt provisions accrued, recovered or reversed in the current period

Bad debt provisions for the current period:

Unit: Yuan Amount of changes in the current period

Category Opening balance Ending balance Provision Recovery or reversal Write-off or write-off Others

Among them, the amount of bad debt provision for the current period that is reversed or recovered is important:

Unit: Yuan Determine the name of the original bad debt provision accrual unit, the amount recovered or reversed, the reason for the reverse, the method of recovery, the basis for the ratio and its rationality

5. Other receivables actually written off in the current period

Unit: yuan item write-off amount

Important write-offs of other receivables:

Unit: Whether the Yuan amount is paid by the related unit. Nature of other receivables. Write-off amount. Reason for write-off. Write-off procedures performed.

transaction generated

Instructions for writing off other receivables:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

6. Other receivables with the top five closing balances based on debtors

Unit: Yuan accounted for other receivable period

Name of the unit with the ending balance of bad debt provision Nature of the payment Ending balance Aging Total ending balance

Um

Proportion

Shaanxi Hongcheng New Energy

Loans 159,001,470.11 More than 5 years 89.19% 141,000,000.00 Co., Ltd.

Shanghai Furui Hydrogen New Energy

Loan 4,000,000.00 2-3 years 2.24% 0.00Yuan Technology Co., Ltd.

China Chemical Engineering No.

Fourteenth Construction Co., Ltd. Advance payment for more than five years 2,712,167.70 More than 5 years 1.52% 2,712,167.70 Company

Salof Refri

Advance payment over five years 2,277,818.08 Over five years 1.28% 2,277,818.08 generation Co,Inc

Songyuan City Weilong Container

Pipeline Installation Co., Ltd. Advance payment for more than five years 1,921,230.00 More than 5 years 1.08% 1,921,230.00 Company

Total 169,912,685.89 95.31% 147,911,215.78

7. Presented in other receivables due to centralized management of funds

Unit: Yuan Other instructions:

3. Long-term equity investment

Unit: Yuan Ending balance Beginning balance

Project

Book balance Impairment provision Book value Book balance Impairment provision Book value

1,515,592,75 79,000,000.0 1,436,592,75 1,443,808,13 79,000,000.0 1,364,808,13 Investment in subsidiaries

7.93 0 7.93 6.49 0 6.49 For associates and joint ventures 45,351,720.6 43,021,720.6 45,236,087.6 42,906,087.6

2,330,000.00 2,330,000.00

Corporate investment 5 5 3 3

1,560,944,47 81,330,000.0 1,479,614,47 1,489,044,22 81,330,000.0 1,407,714,22Total

8.58 0 8.58 4.12 0 4.12

(1) Investment in subsidiaries

Unit: Yuan

Balance at the beginning of the period Increase or decrease during the period Balance at the end of the period

Invested entity Impairment provision Impairment provision (book price Impairment provision (book price

Position Opening balance Additional investment Decrease investment Others Closing balance value) Reserve value)

286,003,4 899,011.2 286,902,4

Fuli deep cold

51.59 0 62.79

49,573,12 49,573,12

Hong Kong Furui

0.00 0.00

Heavy equipment 630,638,4 2,461,269 633,099,7

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

50.21 .96 20.17 Furui New Energy 34,470,99 59,956,30 1,231,022 95,658,31yuan 6.39 0.00 .28 8.67

5,300,000 5,300,000 Special Anjie

.00 .00

110,485,7 655,877.8 111,141,6 Chimelong Equipment

38.17 8 16.05

14,500,00 4,000,000 18,500,00Shanghai Furui

0.00 .00 0.00 SINGAPORE

56,722,85 56,722,85 INVESTMEN

2.00 2.00T

14,565,45 14,612,64 Furui Intelligent 47,185.44

5.86 1.30

79,000,00 79,000,00Shaanxi Hongcheng

0.00 0.00

75,470,78 342,094.5 75,812,88 Furui Valve

8.40 6 2.96

62,610,78 2,191,860 64,802,64 Furui Nengfu

3.87 .12 3.99

10,200,00 10,200,00Shanghai Hydrogen

0.00 0.00

7,000,000 7,000,000Ruibo Intelligence

.00 .00 FURUI

ENERGY 7,266,500 7,266,500 INVESTMEN .00 .00 T

1,364,808 79,000,00 63,956,30 7,828,321 1,436,592 79,000,00Total

,136.49 0.00 0.00 .44 ,757.93 0.00

(2) Investment in associates and joint ventures

Unit: Yuan

Increases and decreases in the current period

Beginning of period Equity declaration End of period

Impairment Impairment Balance Other Disbursement Balance Investment Provision Other Disbursement Provision (Account Addition Decrease Confirmation Comprehensive Cash (Billing Unit Beginning Equity Impairment Others Ending Face Price Investment Income from Investment Dividend Face Price

Balance Change Provision Balance Value) Capital Loss Adjustment or Profit Value)

profit

1. Joint ventures

2. Joint ventures

Qingyan 10,57 10,69

115,6

Reproduction 9,376 5,054

78.56

Made .40 .96 32,32 32,32Tongchuang -

6,711 6,665Fund 45.54

.23 .69

2,330 2,330 Hangrui

,000. ,000.Power

00 00 42,90 2,330 43,02 2,330

115,6

Subtotal 6,087,000. 1,720,000. 33.02

.63 00 .65 00

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

42,90 2,330 43,02 2,330

115,6

Total 6,087,000. 1,720,000. 33.02

.63 00 .65 00The 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

Reasons for the obvious inconsistency between the aforementioned information and the information used in impairment testing in previous years or external information

Reasons for the discrepancy between the information used in the company's impairment testing in previous years and the actual situation of that year.

(3) Other instructions

4. Operating income and operating costs

Unit: Yuan Amount of current period Amount of previous period

Project

Revenue Cost Revenue Cost Other businesses 20,474,987.44 8,392,502.53 20,172,376.70 9,317,460.52Total 20,474,987.44 8,392,502.53 20,172,376.70 9,317,460.52 Decomposition information of operating income and operating costs:

Unit: Yuan

Division 1 Division 2 Total Contract Classification

Operating income Operating cost Operating income Operating cost Operating income Operating cost Operating income Operating cost Business type

Among them:

According to place of business

Distinguish classification

Among them:

market or customer

Household type

Among them:

Contract type

Among them:

Transfer by product

give time

Classification

Among them:

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

According to contract period

Limited classification

Among them:

According to sales channel

Road classification

Among them:

total

Information related to performance obligations:

The company's pre-payments, the company's performance obligations, and the important payment terms. The company's commitment to transfer is the main responsibility.

The item will be refunded to the customer during the period. The type and time of the quantity guarantee. The nature of the goods. Anyone.

Account’s money and other explanations of related obligations

Information related to the transaction price allocated to the remaining performance obligations:

At the end of the reporting period, the amount of revenue corresponding to the performance obligations that have been signed but have not yet been performed or have not been completed is RMB 0.00, of which RMB is expected to be recognized in the year, RMB is expected to be recognized in the year, and RMB is expected to be recognized in the year.

Major contract changes or major transaction price adjustments

Unit: Yuan

Item Accounting treatment method Amount of impact on income

Other notes:

5. Investment income

Unit: Yuan

Item Amount for the current period Amount for the previous period

Income from long-term equity investments calculated using the equity method 115,633.02 -506,127.23 Investment income from disposal of long-term equity investments 9,740.68 Dividends distributed by subsidiaries 179,578,149.10 48,133,676.09 Total 179,693,782.12 47,637,289.54

6. Others

20. Supplementary information

1. Detailed statement of non-recurring profits and losses for the current period

Applicable □Not applicable

Unit: Yuan

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

Item Amount Explanation of gains and losses from disposal of non-current assets 1,623,685.96 Government subsidies included in current profits and losses (related to the company’s regular

Closely related to regular business operations and in compliance with national policies

2,273,558.02, enjoy according to the determined standards, and benefit the company

Except for government subsidies that have a lasting impact on profits and losses)

Except for effective transactions related to the company’s normal business operations,

In addition to futures hedging business, non-financial enterprises hold financial

Changes in fair value of assets and financial liabilities 3,304,208.27 Profit and loss and disposal of financial assets and financial liabilities

profit and loss

Gains and losses from debt restructuring 145,681.76 Other non-operating income and

-109,256.33 expenses

Less: Income tax impact 1,168,471.60

Amount of impact on minority shareholders' equity (after tax) 519,652.83 Total 5,549,753.25 --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

2. Return on net assets and earnings per share

Earnings per share Profit for the reporting period Weighted average return on equity

Basic earnings per share (yuan/share) Diluted earnings per share (yuan/share) Net income attributable to the company’s ordinary shareholders

2.58% 0.1068 0.1061Profit

After deducting non-recurring gains and losses, attributable to

2.35% 0.0975 0.0969 Net profit of the company’s common shareholders

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

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

□Applicable Not applicable

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

□Applicable Not applicable

(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

Zhangjiagang Furui Special Equipment Co., Ltd. 2026 Semi-Annual Report

4. Others