/Jinfu Technology: 2026 Semi-Annual Report

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Jinfu Technology: 2026 Semi-Annual Report

Shenzhen Stock Exchange

2026/08/29

Full text of JinFu Technology Co., Ltd.’s 2026 Semi-Annual ReportJinFu Technology Co., Ltd.

2026 Semi-Annual Report

August 2026

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

Section 1 Important Tips, Table of Contents and Definitions

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

The person in charge of the company, Chen Shanshan, the person in charge of accounting work, Xiong Pingjin, and the person in charge of the accounting department (accounting officer) Xiong Pingjin 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.

This report involves forward-looking statements such as future plans, which are planned matters of the company and do not constitute a substantive commitment to investors. Investors are advised to be aware of the risks.

The company describes in detail the risks and countermeasures that may exist in the company's operations in "10. Risks faced by the company and countermeasures" in Section 3 of this report, "Management Discussion and Analysis". Investors are kindly requested to pay attention to the relevant content.

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

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

1. Company Profile

Stock abbreviation Jinfu Technology Stock Code 003018 Stock Exchange Shenzhen Stock Exchange

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

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

Company’s foreign name (if any) JinFu Technology Co., Ltd.

The abbreviation of the company’s foreign name (such as

JinFu

Yes)

The legal representative of the company Chen Shanshan

2. Contact person and contact information

Secretary of the Board of Directors Name of securities affairs representative Wu Xiaoshuang Xie Haitong Contact address No. 10, Hengtong Road, Houjie Town, Dongguan City, Guangdong Province Tel. 0769-8916 4633 0769-8916 4633 Fax 0769-3901 4531 0769-3901 4531 E-mail [email protected] [email protected]

3. Other situations

Company contact information

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

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

Information disclosure and preparation location

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

□Applicable Not applicable

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

Other relevant information

Whether other relevant information has changed during the reporting period

□Applicable Not applicable

4. Main accounting data and financial indicators

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

Yes No

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

This reporting period The same period last year This reporting period increased or decreased operating income compared with the same period last year (yuan) 738,077,716.80 404,695,635.98 82.38% Net profit attributable to shareholders of listed companies

96,180,983.83 49,611,061.42 93.87% profit (yuan)

Deductions attributable to shareholders of listed companies

Net profit from non-recurring gains and losses 96,580,496.94 44,627,225.21 116.42% (yuan)

Net cash flow from operating activities

17,694,392.40 33,042,672.56 -46.45% (yuan)

Basic earnings per share (yuan/share) 0.31 0.16 93.75% diluted earnings per share (yuan/share) 0.31 0.16 93.75% Weighted average return on equity 5.86% 3.15% 2.71%

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) 3,031,855,553.73 2,040,984,141.27 48.55% of the net assets attributable to shareholders of the listed company

1,644,940,045.33 1,600,759,044.15 2.76% output (yuan)

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

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

□Applicable Not applicable

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

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

□Applicable Not applicable

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

6. Non-recurring profit and loss items and amounts

Applicable □Not applicable

Unit: Yuan

Item Amount Description of gains and losses from disposal of non-current assets (including accrued

1,595.31

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

59,363.83

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 215,802.16

Profit and loss and disposal of financial assets and financial liabilities

profit and loss

Other non-operating income other than the above items and

-1,249,152.71

expenditure

Other profit and loss items that meet the definition of non-recurring profits and losses

82,064.33

Head

Less: Impact on income tax 52,043.26

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

Amount of impact on minority shareholders’ equity (after tax) -542,857.23 Total -399,513.11 Details of other profit and loss items that meet the definition of non-recurring gains and losses:

□Applicable Not applicable

The company has no other specific circumstances of profit and loss items that meet the definition of non-recurring profits and losses.

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

□Applicable Not applicable

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

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

Section 3 Management Discussion and Analysis

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

The company's business scope is mainly deployed in the two core areas of beverages, food packaging and high-performance server liquid cooling.

After completing the acquisition of 51% of the equity of Zhuohui Metal and Lianyi Thermal Energy in April 2026, the listed company entered the high-prosperity track of liquid cooling and heat dissipation, and defined the two-wheel drive development strategy of "food and beverage packaging + liquid cooling and heat dissipation". In the future, on the basis of consolidating the competitive advantages of the original main packaging business, the company will focus on expanding the liquid cooling business, continue to optimize the business structure, cultivate new performance growth points, and promote the high-quality development of listed companies.

(1) Packaging business

During the reporting period, there were no major changes in the main products, uses, and business models of the packaging business. For details, please refer to the 2025 annual report.

(2) Liquid cooling business

Mainly engaged in the research and development, production and sales of precision structural parts for liquid cooling modules. In 2026, it will quickly enter the liquid cooling business field by acquiring 51% equity each in Zhuohui Metal and Lianyi Thermal Energy. The main business is the R&D, production and sales of liquid cooling runner pipeline products (copper, stainless steel, aluminum liquid cooling pipeline components and accessories, bellows components and other pipeline products), cold plate products (water cooling head components, stainless steel bellows, copper water cooling plates, memory modules) and water collectors (Manifold).

Main products and uses

Product Name Product Illustration Product Usage

Suitable for server cooling module room

Heat dissipation copper tube components

connection

Suitable for server cooling modules

Bellows and components

Pipe connection

Suitable for server GPU, CPU

Water cooling head assembly

Heat dissipation

Water collector suitable for server cooling

Copper water cooling plate suitable for server cooling

Memory module is suitable for server memory module cooling

Business model

(1) Sales model

Liquid cooling component products are highly customized, and the company mainly uses a direct sales model to sell to customers. Through the direct sales model, the company can establish an efficient and direct communication mechanism with customers in terms of product design, process parameters and application scenarios, and maintain close collaboration during product development and delivery to ensure that products accurately match customers' technical needs.

Before entering the customer supplier system, the company must complete corresponding factory inspection procedures in accordance with the requirements of customers (including some end customers). For example, some end customers implement a phased audit mechanism for suppliers. The company must pass its supplier's production capacity and scale audit, quality management and on-site management audit in sequence. Only after all standards are met can it start batch supply.

(2) Production mode

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

Liquid cooling products are characterized by a high degree of customization. The company adopts the production model of "customization based on sales" to organize and arrange production according to customer orders. The company usually carries out manufacturing feasibility design, formulates technical solutions and related parameters based on the customer's design proposal to carry out product design. After completing proofing and small-scale trial production, the customer verifies and confirms key indicators such as product structure and performance. After confirmation, the company organizes mass production according to the customer's order requirements.

During the production implementation process, the company purchases pipes, shovel teeth, CNC-processed copper plates, stainless steel square tubes, memory strip steel sheets, joints, brazing materials and other raw materials (or raw materials provided by customers) from upstream suppliers according to the production plan. After the raw materials arrive at the factory, they complete processes such as bending, assembly, welding and testing to form liquid-cooled heat dissipation products such as liquid-cooled pipelines, cold plates, and manifolds.

Liquid cooling business customers are mostly liquid cooling solution providers, which have welding requirements for copper components during the production process and need to use brazing materials that meet the technical standards of end customers. Based on the design needs of downstream customers for liquid-cooled heat dissipation structural parts, the company provides them with specification selection, size and structure optimization and application suggestions for welding fins, welding rings and other brazing materials to ensure that the brazing materials can be mass-produced normally and effectively; after the customer confirms the final drawings and technical parameters, the company places an order with the supplier, who The supplier produces in accordance with the technical requirements provided by the company. The relevant brazing materials are delivered to the company after passing the test. After the company passes the inspection, they are provided to the customer for use in the production of liquid cooling products. At the same time, the company provides customers with technical training and technical support on the use of brazing materials and improvement analysis of abnormal brazing quality.

In terms of production management, the company has established a complete internal management process. Planning, procurement, production, quality and warehousing departments have clear divisions of labor, and the entire process of production planning, quality control and product delivery is managed.

(3) Procurement model

The company's liquid cooling business needs to purchase pipes, shovel teeth, CNC processed copper plates, stainless steel square tubes, memory strip steel sheets, joints and other components from upstream suppliers, as well as purchase auxiliary materials required for production such as brazing materials. The company pays close attention to price changes in domestic and foreign raw material markets, conducts short-term demand forecasts based on customer order needs, and sets up safety stocks reasonably.

In terms of procurement management, the company conducts continuous research and analysis on raw material prices and market conditions, and rationally arranges the procurement pace while ensuring production continuity. After years of development, the company has established a relatively stable cooperative relationship with major suppliers and formed a relatively complete supplier management system. (4) R&D model

The company mainly uses independent research and development methods to conduct product research and development, relying on its own resources to conduct product research and development independently. The company has always conducted in-depth research, development and application of its core technologies, and combined with product market trends, optimizes and upgrades existing products to improve product performance and reduce usage costs. The company insists on developing new products and new technologies to enhance its competitiveness.

In terms of the R&D process, the company first proposes product R&D needs based on development strategy and market conditions, and organizes project review. After various reviews, the R&D department starts product development. After detailed design, samples are developed and submitted for product testing, and then enter the small batch trial production stage. After trial production, the project will be closed and handed over to the relevant departments of the company. The company will continue to track market feedback during the product life cycle and propose research and development needs for product optimization and upgrading.

(3) Industry development status, cyclical characteristics and the company’s position

Packaging industry

During the reporting period, there were no major changes in the industry development status, cyclical characteristics and the company's position of the company's packaging business. For details, please refer to the 2025 annual report.

Liquid cooling industry

In 2026, the company successfully acquired 51% of the equity of Zhuohui Metal and Lianyi Thermal Energy, entering the high-prosperity track of server liquid cooling, and established the core development strategy of "solidifying the basic foundation of the main packaging business and creating a new engine for the liquid cooling business".

The operation of high-density computing power clusters in data centers generates massive heat loads, and an efficient cooling system is urgently needed to quickly transfer and dissipate heat to ensure stable operation of equipment, continuous output of computing power, and reduce energy consumption. Among them, liquid cooling uses liquid to take away the heat of the chip. The liquid with high heat carrying capacity provides efficient heat dissipation for the chip with high heat flux density. Cold plate liquid cooling is currently the most mature and widely used liquid cooling method for data center servers.

In recent years, driven by the rapid iteration of global high-performance technology and the continued increase in demand for computing power, high-performance servers and liquid cooling-related industries have maintained rapid growth. According to MarketsandMarkets data, the global high-performance server market size will be US$142.88 billion in 2024. The CAGR is expected to reach 34.3% from 2024 to 2030, and the market size will reach US$837.83 billion in 2030.

Judging from historical data, cooling alone can account for 40% of data center power consumption. As GPU thermal design power consumption continues to increase, traditional air-cooled heat dissipation begins to face bottlenecks, and the heat dissipation efficiency of liquid cooling is much higher than that of air cooling.

According to MarketsandMarkets data, the global liquid cooling market size is expected to grow from approximately US$2.84 billion in 2025 to approximately US$21.15 billion in 2032, with a compound annual growth rate (CAGR) of approximately 33.2% during the forecast period.

Liquid cooling market demand is expected to explode. Cold plate liquid cooling is currently a widely used liquid cooling method. As an indirect liquid cooling method, heat is conducted through a closed cavity composed of copper/aluminum heat-conducting metal filled with liquid. Since heating devices such as server chips do not need to be in direct contact with liquid, the system does not require the redesign of the entire computer room equipment and is more operable. Therefore, cold plate liquid cooling has the highest maturity and is the most widely used.

2. Analysis of core competitiveness

The company has now formed a dual-main business structure with collaborative development of packaging business and liquid cooling business. Among them, the company has been deeply involved in the packaging business for many years, and has formed strong competitive advantages in customer resources, technology research and development, talent management and product quality. Through the acquisition of Zhuohui Metal and Lianyi Thermal Energy, the company has entered the field of liquid cooling heat dissipation, and relied on the long-term accumulation of technical processes, project experience, customer resources and product layout of listed companies to form a competitive advantage in the liquid cooling heat dissipation business. The main competitive advantages of each business segment of the company are as follows:

(1) Competitive advantages of packaging business

During the reporting period, there were no major changes in the core competitiveness of the company's packaging business. For details, please refer to the 2025 annual report.

(2) Competitive advantages of liquid cooling business

First-mover advantage

Liquid cooling technology has high requirements on system design, engineering integration and reliability. The product cycle from solution design, prototype verification to large-scale deployment is long. Downstream server manufacturers and data center customers are generally more cautious in the process of introducing liquid cooling solutions. At the same time, the liquid cooling system needs to be combined with the server architecture and computing power deployment plan.

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

And the operation and maintenance system is deeply adapted, and a single project is highly customized. It usually takes a long time for enterprises to achieve large-scale application of technology accumulation and project practice, and the industry entry threshold is relatively high.

Zhuohui Metal is one of the earliest companies in China to deploy liquid cooling technology and related products. It seizes the development opportunities of the continuous increase in the power density of high-performance servers and continues to deepen its research and development and product delivery of liquid cooling products, forming a stable customer base and large-scale delivery capabilities. The company's liquid cooling related products have been applied in batches and continuously delivered in a number of computing server and data center projects. It has a considerable business scale and mature commercialization experience, and has a certain first-mover advantage in the field of liquid cooling of high-power computing equipment.

Technology and process advantages

Zhuohui Metal and Lianyi Thermal Energy have long been engaged in the welding, forming and testing processes of liquid cooling heat dissipation products, and have formed a relatively complete technology and process system. Among them, Zhuohui Metal has rich technical accumulation in flame brazing, laser brazing, bending and precision testing, which can meet the requirements for processing accuracy, sealing performance and flow efficiency of products such as liquid-cooled pipeline components, liquid-cooled plates and precision accessories; Lianyi Thermal Energy has formed a welding process system with continuous furnace brazing, vacuum brazing and high-frequency brazing as the core, which can adapt to liquid-cooled heat dissipation products of different structures, materials and application scenarios.

At the same time, Zhuohui Metal and Lianyi Thermal Energy have established testing systems covering air tightness, cleanliness, dimensional accuracy, material performance and welding quality, which can effectively control the product production process and finished product quality. With continuous accumulation in welding technology, precision processing and quality testing, the company's liquid cooling products can better meet the requirements for product accuracy, reliability and batch delivery capabilities in the field of server liquid cooling.

Stable industry leading customer resources

Once liquid cooling products enter the supply system of downstream server manufacturers, data center operators and computing infrastructure customers, strong cooperation stickiness will usually be formed on the premise that product performance and supply stability are verified. Since the liquid cooling system is highly coupled with the overall server architecture, computing power deployment plan and data center operation and maintenance system, downstream customers need to re-implement system adaptation, test verification and operation and maintenance assessment when changing suppliers, resulting in high switching costs and risks. After years of business accumulation, Zhuohui Metal has established business cooperation relationships with well-known customers in the industry such as Qihong Electronics, Boyd Technology, and Shuanghong Electronics. Liquid cooling related products have been applied on a large scale and stably delivered in multiple projects, forming a relatively stable customer resource and business cooperation foundation.

Wide product coverage

Zhuohui Metal and Lianyi Thermal Energy have developed product layouts focusing on the field of liquid cooling and heat dissipation for high-performance servers. Related products cover liquid cooling system pipelines, flow channel components, and heat dissipation components for key internal parts of the server. The product layout has a wide coverage and can meet the cooling needs of different key parts of the server. The product structure is complete. In addition, the company has formed a diversified product portfolio in terms of material types, structural forms and applicable scenarios of liquid cooling components, which can adapt to the application needs of different server architectures and cooling solutions.

3. Main business analysis

Overview

(1) Main operating indicators

During the reporting period, the company achieved operating income of 738,077,716.80 yuan, a year-on-year increase of 82.38%; net profit attributable to shareholders of the listed company was 96,180,983.83 yuan, a year-on-year increase of 93.87%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 96,580,496.94 yuan, a year-on-year increase of 116.42%. The main reason is that during the reporting period, the company completed the acquisition of 51% equity of Zhuohui Metal and Lianyi Thermal Energy, and added a highly prosperous liquid cooling business segment, which effectively promoted the company's overall profitability to a significant increase.

(2) Main business conditions

In the first half of 2026, the company focused on the two-wheel drive strategy of "stabilizing the basics of the main packaging business and creating a new engine for the liquid cooling business", solidly promoted various operating tasks, and achieved rapid growth in overall operating performance.

The dual-main business development strategy was successfully implemented and contributed outstanding results.

During the reporting period, the company actively implemented the dual-main business development strategy, completed the acquisition of 51% equity each in Zhuohui Metal and Lianyi Thermal Energy, and included them in the company's consolidated statements in April 2026. Relying on the technology, customers and production capabilities of Zhuohui Metal and Lianyi Thermal in the fields of liquid cooling pipelines and liquid cooling components, the company quickly entered the liquid cooling industry chain, and the liquid cooling business became a new important business segment of the company.

At the same time, the company continues to deepen its business in food and beverage packaging products, continues to optimize production organization, supply chain management and customer service based on the needs of major customers, strengthens cost and expense control, and maintains stable operation of its traditional main business.

The expansion pace of the liquid cooling business continues to accelerate, and the comprehensive strength of customer resources and product systems continues to strengthen.

During the reporting period, Zhuohui Metal and Lianyi Thermal Energy will be included in the company's consolidated statements from April 2026. Benefiting from the high prosperity of the liquid cooling track, the liquid cooling business of the listed company achieved operating income of 276 million yuan in the second quarter, and the net profit included in the consolidated statement exceeded 40 million yuan, becoming an important driving force for the company's performance growth. Revenue and profits have achieved rapid growth, effectively boosting the overall operating performance of listed companies and significantly enhancing the company's profitability.

During the reporting period, the liquid cooling business was anchored on the main business lines of expanding production capacity, expanding customers, and expanding categories. Production capacity: In the early stage, we will fully revitalize existing factory equipment, deeply tap the capacity potential of existing production lines through process optimization and refined scheduling management, and improve the production and delivery efficiency of liquid cooling pipelines and cooling components; at the same time, we will actively accelerate the expansion of equipment procurement and factory expansion. After the completion of the merger and acquisition, the company's liquid cooling production capacity and order sales have steadily increased year-on-year and month-on-month, and continue to match the growing order demands of downstream customers; client: in consolidating the core cooperative customers of the existing industrial chain On the basis of this, we actively expand the industry's high-quality customers such as Delta and Foxconn; accelerate the sample testing, on-site audit and qualification certification of many new customers, and continue to expand the scope of customer coverage in the computing field; on the category side: in addition to ensuring the scale expansion of the original core categories, we also actively iteratively upgrade and expand the product matrix, and actively develop products suitable for optical module liquid cooling plates, high-value water collectors and other products to adapt to the cooling supporting needs of multiple scenarios such as servers and data centers. As of the disclosure date of this report, the company has obtained project orders from some new customers and has achieved small batch supply of optical module liquid cooling plate products. As related projects gradually advance and customer demand continues to be released, it is expected that the scale of orders and shipments of related products will gradually increase in the second half of the year, laying a good foundation for the continued expansion and large-scale development of the company's liquid cooling business.

In the second half of 2026, the company will continue to focus on the two-wheel drive strategy and focus on promoting the following tasks:

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

Fully promote the expansion of production capacity and implementation of investment projects in the liquid cooling sector.

The company has disclosed in June 2026 a plan to issue stocks to specific targets through a simple procedure. The total amount of funds planned to be raised shall not exceed 300 million yuan, all of which will be invested in the Jinfu Technology liquid cooling plate production base project, Zhuohui Metal liquid cooling component reconstruction and expansion project, and Lianyi Thermal Energy liquid cooling component reconstruction and expansion project. The company will make every effort to promote the work related to the private placement issuance. At the same time, it will invest its own funds before the raised funds are in place to promote the factory decoration, equipment procurement, installation and commissioning of the three raised investment projects, and strive to put the production lines into production in batches to alleviate the current tight situation of liquid cooling production capacity.

Strengthen liquid cooling business research and development and customer development.

Continue to increase investment in research and development of liquid cooling products, promote the sampling, testing and verification and mass production of new high value-added products; on the basis of consolidating existing core customers, actively explore application areas and customer groups for water collectors and other liquid cooling products, and expand the sales scale of the liquid cooling business.

Consolidate the fundamentals of the main packaging business.

Continue to optimize production organization and cost control to ensure the stable delivery of core customer orders; actively promote market expansion of new products and new customers, improve the profitability quality and market share of the packaging business, and ensure the stability of the main business operations.

Year-on-year changes in major financial data

Unit: Yuan

This reporting period Same period last year Year-on-year increase or decrease Reason for change Operating income 738,077,716.80 404,695,635.98 82.38% Operating costs caused by the addition of subsidiaries 472,352,499.79 299,854,286.15 57.53% Sales expenses caused by the addition of subsidiaries 4,945,361.86 3,223,851.67 53.40% Administrative expenses caused by the addition of subsidiaries 39,745,847.95 25,863,957.25 53.67% Due to the addition of subsidiaries

Due to the increase in borrowings and sub-financial expenses 7,230,626.37 2,472,926.44 192.39%

Caused by the company

Income tax expenses 32,910,030.47 7,688,675.94 328.03% Represented by the increase in R&D investment due to the addition of subsidiaries 26,858,787.27 14,767,373.63 81.88% Represented by the cash generated from operating activities due to the addition of subsidiaries Due to the increase in prepaid materials

17,694,392.40 33,042,672.56 -46.45%

Net flow to

Mainly used to pay cash generated from Zhuohuijin’s investment activities

-608,083,112.62 -105,873,967.13 Not applicable The net acquisition flow of Lianyi Thermal Energy

Due to payment

Cash generated from financing activities

532,466,834.03 -65,007,192.57 Not applicable Net flow caused by increased M&A borrowings

Net cash and cash equivalents Mainly due to increase in M&A borrowings

-58,604,680.01 -137,535,848.64 Not applicable

Increase due to

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

Applicable □Not applicable

In the first half of 2026, the company completed the acquisition of 51% equity each in Zhuohui Metal and Lianyi Thermal Energy, and has included them in the company's consolidated statements since April 2026. The company's new liquid cooling business has become an important source of profit for the company, and the company's profit composition and profit sources have changed significantly compared with the same period last year.

Operating income composition

Unit: Yuan This reporting period Same period last year

Year-on-year increase or decrease

Amount % of operating income Amount % of operating income

Total operating income 738,077,716.80 100% 404,695,635.98 100% 82.38% Industry

Packaging industry 461,827,119.23 62.57% 404,695,635.98 100.00% 14.12% Liquid cooling industry 276,250,597.57 37.43%

By product

Packaging products 456,008,376.07 61.78% 399,751,690.66 98.78% 14.07% Liquid cooling products and

275,613,277.66 37.34%

components

Others 6,456,063.07 0.87% 4,943,945.32 1.22% 30.59%

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

By region

Domestic 661,935,729.48 89.68% 397,331,450.50 98.18% 66.60% Overseas 76,141,987.32 10.32% 7,364,185.48 1.82% 933.95% of industries, products or regions that account for more than 10% of the company’s operating revenue or operating profit

Applicable □Not applicable

Unit: Yuan

Operating costs compared to operating income compared with the previous year Gross profit margin compared with the operating income of the previous year Operating costs Gross profit margin Increase in the same period last year Increase or decrease in the same period Increase or decrease in the same period

Point-reduction industries

Packaging industry 461,827,119.23 333,407,371.42 27.81% 14.12% 11.19% 1.90% Liquid cooling industry 276,250,597.57 138,945,128.37 49.70%

By product

Packaging products 456,008,376.07 330,854,603.20 27.45% 14.07% 10.74% 2.18% Liquid cooling products

275,613,277.66 137,639,154.91 50.06%

and components

Others 6,456,063.07 3,858,741.68 40.23% 30.59% 254.03% -37.72% by region

South China 431,795,387.90 254,036,072.68 41.17% 125.43% 94.31% 9.43% East China 83,328,885.39 58,851,833.29 29.37% 21.92% 21.05% 0.50% Overseas 76,141,987.32 44,200,801.62 41.95% 933.95% 733.78% 13.94% If the statistical caliber of the company’s main business data is adjusted during the reporting period, the company’s main business data for the most recent period after adjustment based on the caliber at the end of the reporting period □ Applicable  Not applicable

4. Analysis of non-main business

□Applicable Not applicable

5. Analysis of assets and liabilities

Major changes in asset composition

Unit: Yuan 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

244,241,935. 310,049,671.

Monetary funds 8.06% 15.19% -7.13% 78 64

554,794,952. 127,289,199.

Accounts receivable 18.30% 6.24% 12.06% 62 12

241,338,558. 222,293,978.

Inventory 7.96% 10.89% -2.93% 99 56

41,511,202.3 43,976,513.2

Investment real estate 1.37% 2.15% -0.78%

8 3

Long-term equity investment 306,942.90 0.01% 0.01%

1,042,142,66 1,053,468,12

Fixed assets 34.37% 51.62% -17.25% 7.32 6.21

40,869,558.1 15,910,258.9

Construction in progress 1.35% 0.78% 0.57%

8 2

Right-of-use assets 9,872,269.61 0.33% 0.33%

144,458,512. 85,055,012.0

Short-term borrowings 4.76% 4.17% 0.59%

50 3

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

Contract liabilities 2,257,792.16 0.07% 445,709.59 0.02% 0.05%

580,124,986. 175,400,686.

Long-term borrowings 19.13% 8.59% 10.54%

50 50

Lease liabilities 7,725,491.25 0.25% 0.25%

Major overseas assets

□Applicable Not applicable

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

Transactional finance

279,000,0 279,000,0

Assets (excluding derivatives 0.00 0.00

00.00 00.00

financial assets)

279,000,0 279,000,0

Subtotal of financial assets 0.00 0.00 00.00 00.00

279,000,0 279,000,0

Total of the above 0.00 0.00

00.00 00.00

Financial liabilities 0.00 0.00 Other changes

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

□Yes No

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

Item Book value on June 30, 2026 (yuan) Restricted reasons Monetary funds 4,103,954.96 Letter of credit deposit fixed assets - buildings 366,598,395.53 Loan collateral intangible assets - land use rights 60,554,284.84 Loan collateral fixed assets - machinery and equipment 3,986,949.97 Sale and leaseback of 51% equity each in Zhuohui Lianyi Company 517,200,000.00 M&A loan pledge

Total 952,443,585.30

6. Investment status analysis

Overall situation

Applicable □Not applicable

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

958,220,496.24 232,128,708.33 307.74%

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

Major equity investments obtained during the reporting period

Applicable □Not applicable

Unit: yuanben

End of capital

Investments and holdings Investment expected to be put into production Yes Disclosure of joint assets and liabilities of the investee

Capital Investment Stock Fund Capital Plan Investment No Date Company name Main business Disclosure index on the statement date (if any) Party Amount Recent period Category Investment Involved (such as the progress of the said party)

formula example source limit type benefit profit v. have) situation

loss

Liquid cooling runner pipeline products 2026 Foshan City For details, please see the company’s information in Juchao Capital

(Copper, stainless steel, aluminum Year 2 Zhuohui Gold 408,0 51 Zixun.com

Liquid cooling pipeline components and distribution long-term products 00,00.0 Yes / No (www.cninfo.com

Parts, bellows components, etc. Option Completed "Relationships" disclosed by Japan Co., Ltd. 0.00 0% capital.cn)

The research and development of pipeline products) in 2026, the company plans to acquire equity and related development, production and sales. Announcement of the joint transaction in March 2026 "Cold plate products (water-cooled heads) were included in the merger - - 14

Silver "About the purchase of assets and Foshan City components, stainless steel corrugated and report date,

"Announcement on Related Transactions" Lianyi Heat Pipe, Copper Water-cooling Plate, Internal 163,2 51 Within the scope 2026

Collection of loans and long-term shares "About the purchase of assets and energy technology deposit modules) and points 00,00.0 / No Year 4

Purchase Option Progress of Related Transactions Public Co., Ltd. Water Collector 0.00 0% Month 9

Manifold's R&D, production and sales

571,2

Total -- 00,00 -- -- -- -- - -- -- -- - - - -

0.00

Major non-equity investments ongoing during the reporting period

□Applicable Not applicable

Financial asset investment

(1) Securities investment situation

□Applicable Not applicable

The company had no securities investments during the reporting period.

(2) Derivatives investment situation

□Applicable Not applicable

The company had no derivative investments during the reporting period.

Usage of raised funds

□Applicable Not applicable

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

7. Sale of major assets and equity

Sale of major assets

□Applicable Not applicable

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

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

Sale of major equity interests

□Applicable Not applicable

8. Analysis of major holding and participating companies

Applicable □Not applicable

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

Unit: Yuan

Company name Company type Main business Registered capital Total assets Net assets Operating income Operating profit Net profit Hunan Jinfu

Plastic lids 135,000,0 353,235,7 322,625,4 90,179,34 18,346,67 13,755,14 Packaging Co., Ltd. Subsidiary

Production and sales 00.00 82.53 51.00 5.27 3.55 1.94Company

Foshan Zhuo liquid cooling

Hui Metal Products and Groups 3,000,000 437,988,8 245,542,3 226,077,6 91,083,05 69,346,44

Subsidiaries

Products Co., Ltd. Parts production, .00 44.95 97.76 58.15 2.14 4.94 Company sales

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

The company will begin the merger and acquisition of Zhuohui Metal and Foshan Zhuohui Metal Products Co., Ltd. in April 2026.

Please refer to the table above for Zhuohui Metal’s operating conditions.

The company will begin the merger and acquisition of Lianyi Thermal Energy and Foshan Lianyi Thermal Energy Technology Co., Ltd. in April 2026.

will have a positive impact on the company's business.

As the newly established entity of Guangdong Jinfu Intelligent Manufacturing Technology Co., Ltd. to implement the acquisition of Zhuohui Metal and Lianyi Thermal Energy, its actual impact will be on Zhuohui Metal and Lianyi Thermal Energy.

Thermal energy operating conditions shall prevail.

The new establishment of Shenzhen Xinglitu Technology Co., Ltd. will not have a significant impact on the company's overall performance. The new establishment of Dongguan Jinfu South China Intelligent Manufacturing Co., Ltd. will not have a significant impact on the company's overall performance.

Description of major holding and joint-stock companies

The company has no important information on its shareholding companies that should be disclosed during the reporting period.

9. Structured entities controlled by the company

□Applicable Not applicable

10. Risks faced by the company and countermeasures

(1) Market competition risks

If the company cannot continue to maintain its competitive advantages in terms of product quality, customer resources, large-scale production and rapid response in the packaging products business, or if the liquid cooling business falls short of expectations in terms of customer introduction, technology research and development, product yield, production capacity construction and order acquisition, and at the same time the comprehensive strength of relevant competitors increases significantly, it may have an adverse impact on the company's increase in market share, continued growth in operating income and the implementation of the dual-main business strategy.

Countermeasures: The company will continue to consolidate the product quality and large-scale production advantages of the packaging business and improve operational efficiency. At the same time, we will accelerate technology research and development, customer introduction and production capacity construction of the liquid cooling business, strengthen product quality and supply chain management, and continue to enhance the market competitiveness and profitability of our dual main businesses.

(2) Risks of high customer concentration

The downstream customers of the packaging supplies business are mainly concentrated in packaged drinking water, beverages, food and other industries. The market concentration of my country's packaged water, beverage and other industries is relatively high, resulting in a relatively high customer concentration of the company's packaging supplies business. The industrial chain related to the liquid cooling business also has the characteristics of concentrated customers, long supplier certification cycles, and high access requirements.

If the company's major customers reduce their purchases of the company's related products or switch to other suppliers in the future due to adjustments in business strategies and changes in market demand, and the company fails to expand new customers or increase sales to other customers in a timely manner, it may have an adverse impact on the company's operating results.

Countermeasures: In recent years, the company has actively developed new products and new customers, expanded the company's business scale and customer base, and increased its ability to resist risks.

(3) Risk of decline in gross profit margin of liquid cooling products

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

If competition in the same industry intensifies in the future, customers' bargaining power increases, product sales prices decrease, or raw material and manufacturing costs increase, the gross profit margin of the company's liquid cooling products may decline, which will have an adverse impact on the profitability of the company's liquid cooling business and the effectiveness of the investment projects.

Countermeasures: The company will continue to strengthen cost control and supply chain management of liquid cooling products, continue to promote product structure optimization and technology upgrading, increase the proportion of high value-added products and customer service capabilities, and enhance product bargaining power and profitability.

(4) Goodwill impairment risk

The company has entered the field of liquid cooling business through investment and mergers. This merger is a merger of enterprises not under common control. The portion of the transaction consideration that exceeds the fair value share of the identifiable net assets of the acquired company has been recognized as goodwill in the company's consolidated balance sheet. If the acquired company's future operating performance, profitability or cash flow is lower than expected, the company may be at risk of accruing goodwill impairment.

Countermeasures: The company will continue to strengthen the management, integration and coordination of the acquired company, pay close attention to its operating performance, customer orders and cash flow, and improve the sustainable profitability of the liquid cooling business.

(5) Risks that the implementation and benefits of investment projects with raised funds are not as good as expected

The construction and implementation of the investment project, equipment procurement, installation and commissioning, etc. will take a certain amount of time. If the project implementation progress is not as expected, it may cause the project to be put into production delayed, thereby affecting the realization of expected benefits. If the future market demand, competition landscape, customer development, order acquisition and production capacity digestion are less than expected, it may affect the revenue, cost and profit level of the liquid cooling business, resulting in the actual benefits of the raised investment projects being less than expected.

Countermeasures: The company will strengthen the construction progress and implementation process management of investment projects, coordinate equipment procurement, staffing and production capacity ramp-up, and promote the project to be constructed and put into production as planned. At the same time, the company will continue to strengthen market development and customer order acquisition, improve the efficiency of use of raised funds and the ability to realize the benefits of raised investment projects.

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

Whether the company has formulated a market value management system.

□Yes No

Whether the company has disclosed plans to increase its valuation.

□Yes No

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

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

□Yes No

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

Section 4 Corporate Governance, Environment and Society

1. Changes in directors and senior managers of the company

Applicable □Not applicable

Name Position held Type Date Reason Zhang Mingcong Deputy General Manager Appointment April 7, 2026

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.

Implementation of the company’s equity incentive plan, employee stock ownership plan or other employee incentive measures Applicable □Not applicable
Equity incentives

The company held the 10th extraordinary meeting of the fourth board of directors on May 22, 2026 and the 2026 second extraordinary shareholders' meeting on June 8, 2026, respectively, and reviewed and approved the "2026 Restricted Stock Incentive Plan (Draft)" and its Summary and other relevant proposals. In July 2026, the company completed the first grant registration of the 2026 restricted stock incentive plan and granted 1.95 million restricted shares to 5 incentive targets at a grant price of 32.51 yuan per share. For details, please refer to the "Announcement on the Completion of Registration for the First Grant of the 2026 Restricted Stock Incentive Plan" disclosed by the company on the cninfo.com (www.cninfo.com.cn).

Implementation of employee stock ownership plan

□Applicable Not applicable

Other employee incentives

□Applicable Not applicable

4. Environmental information disclosure

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

□Yes No

5. Social Responsibility

None

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

Section 5 Important Matters

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

□Applicable Not applicable

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.

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

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

3. Illegal external guarantees

□Applicable Not applicable

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

4. Appointment and dismissal of accounting firms

Has the semi-annual financial report been audited?

□Yes No

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

The board of directors’ explanation of the accounting firm’s “non-standard audit report” for this reporting period □ Applicable  Not applicable
Explanation of the Board of Directors on the “Non-standard Audit Report” of the previous year □ Applicable  Not applicable

7. Matters related to bankruptcy and reorganization

□Applicable Not applicable

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

8. Litigation matters

Major litigation and arbitration matters

□Applicable Not applicable

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

Other litigation matters

Applicable □Not applicable

Amount involved Whether a lawsuit (arbitration) is formed Litigation (arbitration) trial Litigation (arbitration) judgment Litigation (arbitration) Basic information Disclosure date Disclosure index

(RMB 10,000) Estimated liabilities (RMB 10,000) Progress of resolution (RMB 10,000) Results and impact of resolution execution

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

The company has not reached the level of major litigation

1,388.15 No Trial stage Not applicable Not applicable Other litigation to which the disclosure standard does not apply

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

Related transactions related to daily operations

□Applicable Not applicable

The company had no related transactions related to daily operations during the reporting period.

Related transactions arising from asset or equity acquisition and sale

Applicable □Not applicable

transfer capital

Evaluation of transferred assets

Related Related Transfers Related Transactions

Property account valuation

Related Party Transaction Price Transaction Profit and Loss Disclosure Date

Related parties Related party transaction content Face value (10,000) Disclosure index relationship Transaction pricing (10,000) Settlement (10,000)

(10,000 yuan)

Class Principle Meta) Method Meta)

Yuan) (such as

Type

Yes)

The company through a wholly-owned subsidiary

The company uses cash. For details, please see the company’s

With capital

Buy Mo Zhenlong and Zhou Juchao Information Network

Product review

Chao, Yang Ke, Cai Ling (www.cninf

Estimate 2026

and Yin Shaojuan collectively hold o.com.cn)

Reported as February

Some Zhuohui Metal disclosed "Guan

Pricing on the 6th

Holds 51% of the shares and Lianyi in the shares to be acquired

According to 2026

The company shares 51% of the shares of Thermal Energy, with rights and related transactions

According to, year 03

5% equity total transaction consideration 2,021.2 23,675. 23,6 Cash Transaction Announcement" Mo Zhenlong and passed on October 14

Listing of shares Received 571.20 million 9 5 00 Payment "About purchase

Trading day,

A share of purchase yuan. Among them, related assets and related

Parties 2026

Shareholder Fang Mo Zhenlong transferred Zhuo to the company

Negotiation April

Hui Metal 25.50% Share Announcement" "About

Confirmed on the 9th

Quanhe Lianyi Thermal Energy purchased assets and

transaction

10.00% equity, for related party transactions

price

Transaction consideration to be announced in progress

Grid.

236,000,000 Report”. Yuan.

The transfer price is significantly different from the book value or appraised value. The appraised value corresponding to Mo Zhenlong's transferred equity is 236.755 million yuan, and the transaction price is 236.000 million yuan (if any). The difference is 755,000 yuan, and there is no major difference.

After the completion of this transaction, the company holds 51% shares each of Zhuohui Metal and Lianyi Thermal Energy through its wholly-owned subsidiaries.

Right, the target company will be included in the company's consolidated statements from April 2026. The impact of the company's consolidated statements on the company's operating results and financial status. The revenue and profit levels will increase, and it will enter the liquid cooling business. Since this transaction is a business combination not under the same control, goodwill will be formed; if the future operating performance of the target company is not as good as expected, goodwill will exist.

The risk of impairment and affecting the company's current profits.

If the relevant transactions involve performance agreements, the counterparties during the reporting period, Mo Zhenlong, Yang Ke, Zhou Chao and Cai Ling, promise: the actual net profit of the target company in 2026

The full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. The performance realization status is not less than 110 million yuan, and the cumulative actual net profit in 2027 and 2028 is not less than 280 million yuan. As of the end of the reporting period, the performance commitment period for 2026 has not yet ended, and the relevant performance commitments are still

In progress.

Related transactions related to joint external investment

□Applicable Not applicable

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

Related credit and debt transactions

□Applicable Not applicable

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

Dealings with related financial companies □Applicable Not applicable

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

Dealings between financial companies controlled by the company and related parties □Applicable Not applicable

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

Other major related transactions

□Applicable Not applicable

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

12. Major contracts and their performance

Custody, contracting and leasing matters

(1) Custody situation

□Applicable Not applicable

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

(2) Contracting situation

□Applicable Not applicable

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

(3) Leasing situation

Applicable □Not applicable

Rental situation description

The company signed a "Lease Contract" with Dongguan Weiji Electronic Technology Co., Ltd. to rent out the factory building, dormitory and supporting facilities located at No. 43, Lihai Middle Road, Shatian Town, Dongguan City, with a construction area of approximately 43,959.46 square meters. The lease term is from September 1, 2025 to August 31, 2035, for a total of 10 years. tools

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

For details, please refer to the "Announcement on the Company's Plan to Lease Part of its Own Properties" disclosed by the company on September 2, 2025 on the Juchao Information Network (http://www.cninfo.com.cn/new/index).

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.

Major guarantee

Applicable □Not applicable

Unit: 10,000 yuan

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

Guarantee amount Guarantee Counter guarantee

Whether it is a guarantee related to the guarantee amount Actual issuance Actual guarantee Collateral situation Whether the performance has been fulfilled

Guarantee period Name of related party Announcement Disclosure Date of birth Amount Type (such as (such as completion of guarantee)

Revealed date Yes) Yes)

None

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 Guarantee Counter guarantee

Whether it is a guarantee related to the guarantee amount Actual issuance Actual guarantee Collateral situation Whether the performance has been fulfilled

Guarantee period Name of related party Announcement Disclosure Date of birth Amount Type (such as (such as the date of completion of guarantee disclosure) Yes) Yes)

2023

Hunan Gold April 29

2023, the period when joint and several principal claims occur

Rich Packaging Japan,

3,000 April 3,000 Liability None None From the date of expiry No No Limited company 2026

01st Guarantee for three years

Division April 9

day

debt to creditor

Each debtor's claim

Calculated separately in 2025, since

Guilinxiang October 16 Every debt contract

2025 jointly

Mega Technology Japan, debt repayment period expires

2,000 September 2,000 Liability None None No No Limited Company From the date of expiry in 2026 to

28th Guarantee

Division April 9 Debt Contract Agreement

debt repayment period

Three days after the expiration date

End of year.

Approval of subsidiaries during the reporting period

The total amount of the company's guarantees is 80,0001. The total actual amount of guarantees is 5,000 (B1). Total (B2)

Approved at the end of the reporting period

Guarantee limit for subsidiaries 80,000 Total guarantee balance 5,000 Total (B3) (B4)

Guarantees provided by subsidiaries to subsidiaries

Guarantee amount Guarantee Counter guarantee

Whether it is a guarantee related to the guarantee amount Actual issuance Actual guarantee Collateral situation Whether the performance has been fulfilled

Guarantee period Name of related party Announcement Disclosure Date of birth Amount Type (such as (such as completion of guarantee)

Revealed date Yes) Yes)

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

None

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 80,000 Total amount incurred 5,000 (A1+B1+C1) (A2+B2+C2)

All guarantees approved at the end of the reporting period

Total guarantee limit 80,000 Total balance 5,000 (A3+B3+C3) (A4+B4+C4)

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

3.04% of assets

Among them:

Provide assurance to shareholders, actual controllers and their related parties

Guaranteed balance (D)

Directly or indirectly for companies whose asset-liability ratio exceeds 70%

The balance of debt guarantee provided by the guarantee object (E)

The amount of the total guarantee exceeding 50% of the net assets

(F)

The total amount of the above three guarantees (D+E+F) 0 pairs of unexpired guarantee contracts, guarantees occurred during the reporting period

Responsibility or there is evidence that it is possible to bear joint and several liability Not applicable

Statement of responsibility (if any)

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

Not applicable

Yes)

Note: 1 The seventh meeting of the fourth board of directors and the 2025 annual shareholders meeting held by the company reviewed and approved the "Proposal on the Financing and Guarantee Amounts of the Company and its Subsidiaries in 2026". The company and its subsidiaries Hunan Jinfu, Qianxi Jinfu, Xiangzhao Technology, and Sichuan Jinfu According to the actual needs of financing credit, guarantees are provided to each other, and the guarantee limit does not exceed 800 million yuan. On the premise that the annual estimated total does not exceed, the guarantee limits of Jinfu Technology, Hunan Jinfu, Qianxi Jinfu, Xiangzhao Technology, and Sichuan Jinfu can be adjusted internally.

Specific instructions for using composite guarantees

None

Entrusted financial management

Applicable □Not applicable

Unit: 10,000 yuan

Product Category Risk Characteristics Balance of entrusted financial management during the reporting period Overdue amount not recovered Bank financial management products Low risk 0 0 The company entrusts a financial institution to carry out asset management as a single client, or invests in high-risk entrusted financial management with low security and poor liquidity. Specific circumstances □ Applicable  Not applicable

Other major contracts

□Applicable Not applicable

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

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

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

Applicable □Not applicable

During the reception, the reception party and the reception pair, the main content of the discussion and the basic situation of the research, the reception location, the reception objects

Interval Object Type Information Provided Reference

Noah Fund, Penghua Fund, Golden Eagle Fund. For details, please see Juchao Information Network 2026 Fund, Cinda Australia Asia Fund, Invesco Great Wall (www.cninfo.com.

The company’s Dongguan head office conducted on-site inspections to understand the company’s operating conditions

April of the year Institutional Fund, Golden Eagle Fund, GF Fund, cn) "Investor Relations

Research status of the department conference room, no information provided.

20th Penghua Fund, Haifutong Fund, Bop Activity Record Sheet (2026-Assets, Juming Investment, Everbright Securities 001)》

This performance briefing will take

Lift remotely via network

Value online. For details, please see Juchao Information Network 2026 (https://w online platform. Online participation in the company's 2025 annual performance and development status (www.cninfo.com. April 2026 ww.ir- Taiwan online other online performance report for the first quarter of 2026 and other investor concerns cn) "Investor Relations 29th online.cn/ 29th Online Participation in the company's 2025 annual performance and development status (www.cninfo.com. April 2026) Activity record sheet (2026-) Communication, communication method is 02)》

Text question and answer method

OK.

For details, please see Juchao Information Network

Regarding the company’s operating conditions,

2026 Listed in Dongguan City. Participate in Dongguan Listed Companies Association (www.cninfo.com.

Investment and M&A strategies and

In May of the same year, the Company Association III Others Other's "Dongguan Value Line" Listed Company Collection cn) "Investor Relations

What other investors care about

On the 8th, about 80 investors participated in the roadshow event in the Roadshow Hall on the 8th floor. The activity record sheet (2026-2026-Issues were exchanged.

003)》

For details, please see Juchao Information Network 2026 (www.cninfo.com.

The company’s Dongguan head office conducted field visits to Shenwan Securities, Penghua Fund, and Ping An Capital to understand the company’s operating conditions.

May 2020 Institutional cn)《Investor Relations

Research and management, GF Securities, and West China Fund status in the department conference room, no information provided.

29th Activity Record Form (2026-004)》

For details, please see Juchao Information Network 2026 (www.cninfo.com.

Understand the company's operations

Online communication in June 2019 Other institutions China Post Securities, Everbright Sun Life Assets cn)《Investor Relations

In this case, no information was provided.

2nd activity record sheet (2026-

004)》

14. Description of other major matters

Applicable □Not applicable

Regarding the completion of the agreement by the controlling shareholder to transfer part of the company’s shares

For details, please refer to the "Informative Announcement of Jinfu Technology Co., Ltd. on the Controlling Shareholder's Plan to Transfer Part of the Company's Shares and Changes in Equity" disclosed by the company on the Juchao Information Network (http://www.cninfo.com.cn/new/index) on February 6, 2026, and the "Announcement on the Completed Transfer Registration of the Controlling Shareholder's Agreement to Transfer Part of the Company's Shares" disclosed on June 11, 2026.

Regarding applying for M&A loans from banks

For details, please refer to the "Announcement on Application for M&A Loans from Banks" disclosed by the company on March 14, 2026 on the cninfo.com.cn (http://www.cninfo.com.cn/new/index), the "Announcement on the Resolution of the First Extraordinary Shareholders Meeting of 2026" disclosed on March 31, 2026, and the "Announcement on the Progress of Application for M&A Loans from Banks" disclosed on June 9, 2026.

Regarding the issuance of shares by the company to specific objects through simple procedures

For details, please refer to the "Announcement on Resolutions of the Ninth Extraordinary Meeting of the Fourth Board of Directors" and "Announcement on Requesting the Shareholders' Meeting to Authorize the Board of Directors to Handle Matters Related to Small Rapid Financing" disclosed by the company on the cninfo.com (http://www.cninfo.com.cn/new/index) on May 7, 2026, the "Announcement on the Resolutions of the 2025 Annual Shareholders' Meeting" disclosed on May 29, 2026, and the "Announcement on the Resolutions of the Eleventh Extraordinary Meeting of the Fourth Board of Directors" disclosed on June 17, 2026. Announcements such as the "Preplan for the Issuance of Stocks to Specific Objects through Simple Procedures in 2026", "Informative Announcement on the Disclosure of the Preplan for the Issuance of Stocks to Specific Objects through Simple Procedures in 2026", and the "Announcement on the Resolution of the Third Extraordinary Shareholders Meeting in 2026" disclosed on July 3, 2026.

As of the disclosure date of this announcement, the matter has been accepted by the Shenzhen Stock Exchange. For details, please refer to the "Announcement on the Acceptance of the Shenzhen Stock Exchange for the Application to Issue Shares to Specific Objects through Simple Procedures" disclosed by the company on August 24, 2026.

Regarding the pledge of shares of shareholders holding more than 5% of the shares

For details of the full text of Jinfu Technology Co., Ltd.'s 2026 semi-annual report, please refer to the "Announcement on the Pledge of Shares of Shareholders Holding More than 5%" disclosed by the company on July 2, 2026 on the Cninfo Network (http://www.cninfo.com.cn/new/index).

15. Major events of the company’s subsidiaries

□Applicable Not applicable

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

Section 6 Share changes and shareholder status

1. Changes in shares

Changes in shares

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

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

1. Limited

22,612,5 22,612,5 Conditional shares 8.70% 8.70%

00.0 00.00 copies

Country

Home holdings

Country

A legal person holds

22,612,5 22,612,5 Held by other domestic investors 8.70% 8.70%

00.0 00.00 shares

its

Middle: within the territory

Legal person holdings

within the territory

22,612,5 22,612,5 Natural persons hold 8.70% 8.70%

00.0 00.00 shares

Outside

Capital holdings

its

Chinese: overseas

Legal person holdings

overseas

natural person

2. Unlimited

237,387, 237,387, conditional shares 91.30% 91.30%

500.00 500.00 copies

People

237,387, 237,387, RMB ordinary 91.30% 91.30%

500.00 500.00 shares

Environment

listed within

foreign stocks

Environment

Off the market

foreign stocks

him

Shares 260,000, 260,000,

100.00% 100.00%Total 000.00 000.00

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

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, etc.

□Applicable Not applicable

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

□Applicable Not applicable

Changes in restricted shares

□Applicable Not applicable

2. Securities issuance and listing

□Applicable Not applicable

3. Number of shareholders and shareholding status of the company

Unit: Total number of ordinary shareholders at the end of the reporting period Total number of preference shareholders with restored voting rights at the end of the reporting period

23,398 0 Number Number (if any) (see Note 8)

Shareholdings of shareholders holding more than 5% of the shares or the top 10 shareholders (excluding shares lent through refinancing) during the reporting period Limited holdings Unlimited holdings Pledge, marking or freezing

end of reporting period

Name of shareholder Nature of shareholder Shareholding ratio Increase or decrease Conditions for sale Conditions for sale

Number of shares held Share status Quantity situation Number of shares Number of shares

Domestic natural resources 121,665,8 121,665,8 214,000.0 Chen Jinpei 46.79% 15,600,00 0.00 Frozen person 00.00 00.00 0 0.00

Domestic nature 30,150,00 22,612,50 7,537,500

Chen Wanru 11.60% 0.00 Not applicable 0.00 people 0.00 0.00 .00

Domestic natural resources 15,600,00 15,600,00 15,600,00 15,600,00Mo Zhenlong 6.00% 0.00 Pledge

Person 0.00 0.00 0.00 0.00Dongguan Double Sheng

Investment partnership Domestic non-state 7,500,000 7,500,000

2.88% 0.00 0.00 Not applicable 0.00 Enterprise (with legal person .00 .00

limited partnership)

Dongguan Golden Gai

Investment partnership Domestic non-state 7,500,000 7,500,000

2.88% 0.00 0.00 Not applicable 0.00 Enterprise (with legal person .00 .00

limited partnership)

National social security

2,500,000 2,500,000 2,500,000

Fund 50 Others 0.96% 0.00 Not applicable 0.00

.00 .00 .00

Three combinations

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

Nature within the territory 2,153,771 2,153,771 2,153,771

Li Canquan 0.83% 0.00 Not applicable 0.00 people .00 .00 .00

Natural resources within the territory 1,824,000 1,824,000 1,824,000

Li Shunping 0.70% 0.00 Not applicable 0.00 people .00 .00 .00

Natural resources within the territory 1,774,500 1,774,500 1,774,500

Jin Yu 0.68% 0.00 Not applicable 0.00 people .00 .00 .00

Natural resources within the territory 1,134,900 1,134,900 1,134,900

Zheng Xianting 0.44% 0.00 Not applicable 0.00 people .00 .00 .00

Strategic investors or general legal persons

Became top 10 due to placement of new shares

None

Status of shareholders (if any)

(See note 3)

Among the top ten shareholders, Chen Jinpei, Chen Wanru, Dongguan Beisheng Investment Partnership (Limited Partnership) and Dongguan Jingai Investment Partnership (Limited Partnership) are related parties to each other. Chen Jinpei, Chen Wanru and Ms. Chen Shanshan, who is responsible for the executive affairs of Beisheng Investment and Jingai Investment and the related relationship or group of the above-mentioned shareholders, are the actual controllers of the company. The three signed the "Concerted Action Agreement". Description of Chen Jinpei, Chen Wanru and Chen Zhixing Shanshan collectively controls 64.16% of the company's shares.
Except for the above circumstances, it is unknown whether other shareholders have related relationships or whether they are persons acting in concert as stipulated in the "Measures for the Administration of Acquisitions of Listed Companies".

The above shareholders are involved in entrustment/trusteeship

Voting rights and waiver of voting rights None

explanation of the situation

Buybacks exist among the top 10 shareholders

Special instructions for special accounts (if none

Yes) (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

Share Type Quantity

RMB general currency 121,665,8 Chen Jinpei 121,665,800.00

Common stock 00.00 RMB common 15,600,00 Mo Zhenlong 15,600,000.00

Common stock 0.00 RMB 7,537,500 Chen Wanru 7,537,500.00

Common stock .00 Dongguan Beisheng Investment Partnership RMB 7,500,000 7,500,000.00

(Limited partnership) Common stock .00 Dongguan Jingai Investment Partnership RMB 7,500,000 7,500,000.00

(Limited partnership) Common stock .00 National Social Security Fund Group 503 RMB general 2,500,000 2,500,000.00

Common stock .00 RMB 2,153,771 Li Canquan 2,153,771.00

Common stock .00 RMB common 1,824,000 Li Shunping 1,824,000.00

Common stock .00 RMB 1,774,500 Jin Yu 1,774,500.00

Common stock .00 RMB 1,134,900 Zheng Xianting 1,134,900.00

Common stock .00

Among the top ten shareholders, Chen Jinpei, Chen Wanru, Dongguan Beisheng Investment Partnership (Limited Partnership) and Dongguan Jingai Investment are the top ten shareholders without sales restrictions.

Partnerships (limited partnerships) are related parties to each other. Chen Jinpei and Chen Wanruhe are responsible for the executive affairs of Beisheng Investment, Jingai Investment, and the top 10 unlimited

The partner, Ms. Chen Shanshan, is the actual controller of the company, and the three signed the "Concerted Action Agreement." Chen Jinpei, Chen Wanru and Chen selling conditions shareholders and top 10 stocks

Shanshan controls a total of 64.16% of the company's shares.

relationship or consistency between

Except for the above situation, it is unknown whether there is any related relationship between other shareholders, nor whether it falls within the "Explanation of Acquisition Actions of Listed Companies"

Persons acting in concert as stipulated in the Procurement Management Measures.

Top 10 common shareholders participate

Description of margin trading and securities lending business None.

(if any) (see note 4)

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

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

□Applicable Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed from the previous period due to refinancing lending/returning □Applicable Not applicable

Whether the company's top 10 common shareholders and the top 10 common shareholders without selling restrictions have 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

The shareholdings of the company's directors and senior managers did not change during the reporting period. For details, please refer to the 2025 annual report.

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.

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

Relevant information on preference shares □Applicable Not applicable

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

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

Section 7 Bond-related situations □Applicable Not applicable

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

Section 8 Financial Report

1. Audit report

Has the semi-annual report been audited?

□Yes No

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

2. Financial statements

The unit of statements in the financial notes is: Yuan

Consolidated balance sheet

Prepared by: Jinfu Technology Co., Ltd.

June 30, 2026

Unit: Yuan

Item Closing balance Opening balance Current assets:

Monetary funds 244,241,935.78 310,049,671.64 Settlement reserves

Loan funds

trading financial assets

Derivative financial assets

Notes receivable 2,148,003.91 3,693,073.43 Accounts receivable 554,794,952.62 127,289,199.12 Accounts receivable financing 86,624,828.08

Prepayments 32,832,835.87 2,190,131.56 Premiums receivable

Reinsurance accounts receivable

Receivable reinsurance contract reserves

Other receivables 5,608,228.87 3,353,741.71 Including: interest receivable

Dividends receivable

Buy financial assets under resale agreements

Inventory 241,338,558.99 222,293,978.56

Among them: data resources

contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 11,702,020.75 21,027,496.40 Total current assets 1,179,291,364.87 689,897,292.42 Non-current assets:

Grant loans and advances

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

debt investment

Other debt investments

long-term receivables

Long-term equity investment 306,942.90

Other equity instrument investments

Other non-current financial assets

Investment real estate 41,511,202.38 43,976,513.23 Fixed assets 1,042,142,667.32 1,053,468,126.21 Construction in progress 40,869,558.18 15,910,258.92 Productive biological assets

oil and gas assets

Right-of-use assets 9,872,269.61

Intangible assets 151,538,479.49 152,730,638.91

Among them: data resources

development expenditure

Among them: data resources

Goodwill 529,566,346.05 68,864,682.85 Long-term deferred expenses 3,627,962.41

Deferred income tax assets 11,169,714.35 3,696,989.35 Other non-current assets 21,959,046.17 12,439,639.38 Total non-current assets 1,852,564,188.86 1,351,086,848.85 Total assets 3,031,855,553.73 2,040,984,141.27 Current liabilities:

Short-term borrowings 144,458,512.50 85,055,012.03 Borrowings from the central bank

borrowing funds

Trading financial liabilities

Derivative financial liabilities

Notes payable

Accounts payable 203,609,776.73 131,382,332.14 Advance payments

Contract liabilities 2,257,792.16 445,709.59 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 42,371,383.77 18,965,715.53 Taxes payable 89,383,153.80 2,274,299.86 Other payables 120,103,830.40 2,051,538.53 Including: interest payable

Dividends payable 51,999,982.65

Handling fees and commissions payable

Reinsurance accounts payable

Liabilities held for sale

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

Non-current liabilities due within one year 36,852,033.08 11,524,427.38 Other current liabilities 177,904.15 56,307.49 Total current liabilities 639,214,386.59 251,755,342.55 Non-current liabilities:

insurance contract reserves

Long-term borrowings 580,124,986.50 175,400,686.50 Bonds payable

Among them: preferred shares

perpetual bond

Lease liabilities 7,725,491.25

Long-term payables 2,088,443.54 5,612,348.31 Long-term employee benefits payable

Estimated liabilities

Deferred income 7,742,901.34 5,662,720.53 Deferred income tax liabilities 3,790,192.50 1,793,999.23 Other non-current liabilities

Total non-current liabilities 601,472,015.13 188,469,754.57 Total liabilities 1,240,686,401.72 440,225,097.12 Owners’ equity:

Share capital 260,000,000.00 260,000,000.00Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 614,555,447.84 614,555,447.84 minus: treasury shares

other comprehensive income

special reserve

Surplus reserve 72,971,195.83 72,971,195.83 General risk reserve

Undistributed profits 697,413,401.66 653,232,400.48 Total owners’ equity attributable to the parent company 1,644,940,045.33 1,600,759,044.15 Minority shareholders’ equity 146,229,106.68

Total owners’ equity 1,791,169,152.01 1,600,759,044.15 Total liabilities and owners’ equity 3,031,855,553.73 2,040,984,141.27 Legal representative: Chen Shanshan Person in charge of accounting work: Xiong Pingjin Person in charge of accounting department: Xiong Pingjin

Balance sheet of the parent company

Unit: Yuan

Item Ending balance Beginning balance

Current assets:

Monetary funds 127,392,193.03 189,046,941.83 Trading financial assets

Derivative financial assets

Notes receivable 2,148,003.91 3,693,073.43 Accounts receivable 157,987,898.47 87,867,178.52 Accounts receivable financing

Prepayments 14,615,418.25 904,958.61

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

Other receivables 573,865,672.58 91,392,338.63 Including: interest receivable

Dividends receivable

Inventory 100,124,282.08 115,888,142.02

Among them: data resources

contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 6,988,470.62 Total current assets 976,133,468.32 495,781,103.66 Non-current assets:

debt investment

Other debt investments

long-term receivables

Long-term equity investment 669,899,469.85 569,799,469.85 Other equity instrument investments

Other non-current financial assets

Investment real estate 41,511,202.38 43,976,513.23 Fixed assets 545,372,840.53 565,050,534.64 Construction in progress 23,844,790.92 7,951,650.43 Productive biological assets

oil and gas assets

right-of-use assets

Intangible assets 69,088,688.78 70,283,453.90

Among them: data resources

development expenditure

Among them: data resources

goodwill

Long-term deferred expenses

Deferred income tax assets 1,831,017.78 1,405,022.68 Other non-current assets 3,835,177.33 12,283,439.38 Total non-current assets 1,355,383,187.57 1,270,750,084.11 Total assets 2,331,516,655.89 1,766,531,187.77 Current liabilities:

Short-term borrowings 105,047,262.50 65,042,697.22 Trading financial liabilities

Derivative financial liabilities

Notes payable

Accounts payable 92,716,605.44 142,073,554.85 Advance payments

Contract liabilities 1,611,892.92 357,331.24 Employee benefits payable 9,471,370.42 15,088,184.54 Taxes payable 8,270,963.69 135,548.80 Other payables 188,398,509.17 13,039,412.92

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

Among them: interest payable

Dividends payable 51,999,982.65

Liabilities held for sale

Non-current liabilities due within one year 33,098,167.25 11,524,427.38 Other current liabilities 106,505.57 45,914.94 Total current liabilities 438,721,276.96 247,307,071.89 Non-current liabilities:

Long-term borrowings 577,724,986.50 175,400,686.50 Bonds payable

Among them: preferred shares

perpetual bond

Lease liability

Long-term payables 2,088,443.54 5,612,348.31 Long-term employee benefits payable

Estimated liabilities

Deferred income 1,475,722.38 1,743,674.93 Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 581,289,152.42 182,756,709.74 Total liabilities 1,020,010,429.38 430,063,781.63 Owners’ equity:

Share capital 260,000,000.00 260,000,000.00Other equity instruments

Among them: preferred shares

perpetual bond

Capital reserve 614,555,447.84 614,555,447.84 minus: treasury shares

other comprehensive income

special reserve

Surplus reserve 72,971,195.83 72,971,195.83 Undistributed profits 363,979,582.84 388,940,762.47 Total owners’ equity 1,311,506,226.51 1,336,467,406.14 Total liabilities and owners’ equity 2,331,516,655.89 1,766,531,187.77

Consolidated income statement

Unit: Yuan

Project Half-year 2026 Half-year 2025

Total operating income 738,077,716.80 404,695,635.98 Including: operating income 738,077,716.80 404,695,635.98 Interest income

Premiums earned

Fee and commission income

Total operating costs 558,726,749.55 349,720,284.08 Including: operating costs 472,352,499.79 299,854,286.15 Interest expenses

Handling fees and commission expenses

surrender deposit

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

Net compensation expenses

Net withdrawal of insurance liability reserves

policy dividend payout

Reinsurance cost

Taxes and surcharges 7,593,626.31 3,537,888.94 Sales expenses 4,945,361.86 3,223,851.67 Management expenses 39,745,847.95 25,863,957.25 Research and development expenses 26,858,787.27 14,767,373.63Financial expenses 7,230,626.37 2,472,926.44Including: Interest expenses 6,360,233.36 2,239,035.65

Interest income 574,797.73 563,314.34 plus: other income 1,520,382.68 1,189,048.16 Investment income (losses are filled in with "-"

215,802.16 153,326.86 columns)

Of which: for associates and joint ventures

corporate 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

Fill in the column with "—" sign)

Credit impairment losses (losses are preceded by “—”

-9,648,058.31 -4,193,043.61 (please fill in the list)

Asset impairment losses (losses are represented by “—”

-875,764.15 -341,302.03 (Fill in the numbers)

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

No. 3,143.12 5,605,924.91 (please fill in the list)

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

170,566,472.75 57,389,306.19 columns)

Add: Non-operating income 92,782.58 3,380.80 Less: Non-operating expenses 1,504,203.03 92,949.63

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

169,155,052.30 57,299,737.36 fill in the column)

Less: Income tax expense 32,910,030.47 7,688,675.94

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

136,245,021.83 49,611,061.42 columns)

(1) Classification by business continuity

Net profit from continuing operations (net loss divided by

136,245,021.83 49,611,061.42 (Fill in “—”)

Net profit from discontinued operations (net loss equal to

Fill in the column with "—" sign)

(2) Classification according to ownership ownership

Net profit attributable to shareholders of the parent company

96,180,983.83 49,611,061.42 (Net loss is listed with "—")

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

40,064,038.00

"Fill in the column)

6. Net amount of other comprehensive income after tax

Other comprehensive income attributable to owners of the parent company

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

net of tax

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

Comprehensive income

Remeasure changes in defined benefit plans

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

Comprehensive income

Fair value of other equity instrument investments

change

Fair value of the company’s own credit risk

change

5.Others

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

combined income

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

combined income

Changes in fair value of other debt investments
Financial assets are reclassified into other comprehensive

Amount of combined income

Credit impairment provisions for other debt investments
Cash flow hedging reserve
Translation differences of foreign currency financial statements

7.Others

Other comprehensive income attributable to minority shareholders

net of tax

Total comprehensive income 136,245,021.83 49,611,061.42 Total comprehensive income attributable to owners of the parent company

96,180,983.83 49,611,061.42 amount

Total comprehensive income attributable to minority shareholders 40,064,038.00

8. Earnings per share:

(1) Basic earnings per share 0.31 0.16

(2) Diluted earnings per share 0.31 0.16

Legal representative: Chen Shanshan Person in charge of accounting work: Xiong Pingjin Person in charge of accounting department: Xiong Pingjin

Income statement of the parent company

Unit: Yuan

Project Half-year 2026 Half-year 2025

Operating income 263,039,887.75 243,163,866.97

Less: Operating costs 187,051,127.89 183,748,802.08

Taxes and surcharges 3,924,627.47 814,521.59

Selling expenses 2,371,205.89 1,933,154.20

Management expenses 19,146,448.58 18,627,646.15

Research and development expenses 12,309,735.83 8,490,492.16

Financial expenses 5,174,121.36 2,251,025.12

Including: interest expense 5,944,719.30 2,185,795.76

Interest income 413,329.36 276,599.50

Add: other income 1,099,581.33 492,111.95

Investment income (losses are filled in with "-"

155,084.39 117,465.75 columns)

Of which: for associates and joint ventures

investment income

Money measured at amortized cost

Gains from derecognition of financial assets (losses are represented by “—”

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

(Fill in the number)

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

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

Credit impairment losses (losses are preceded by “—”

-3,512,269.53 -2,112,318.89 (Fill in the numbers)

Asset impairment losses (losses are represented by “—”

-597,700.02 -329,366.29 (Fill in the numbers)

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

No. 3,143.12 5,606,087.21 (please fill in the list)

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

30,210,460.02 31,072,205.40 columns)

Add: non-operating income

Less: Non-operating expenses 301,581.40 82,041.92

Total profits (total losses are marked with “—”

29,908,878.62 30,990,163.48 fill in the column)

Less: Income tax expense 2,870,075.60 3,463,826.66

Net profit (net loss is filled in with “—”

27,038,803.02 27,526,336.82 columns)

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

27,038,803.02 27,526,336.82 (Fill in “—”)

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

5. Net amount of other comprehensive income after tax

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

Remeasure the changes in defined benefit plan
Other comprehensive income that cannot be transferred to profit or loss under the equity method
Changes in fair value of other equity instrument investments
Changes in the fair value of the company’s own credit risk

5.Others

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

Other comprehensive income that can be converted to profit or loss under the equity method
Changes in fair value of other debt investments 3. Amount of financial assets reclassified and included in other comprehensive income
Credit impairment provisions for other debt investments 5. Cash flow hedging reserves
Translation differences of foreign currency financial statements

7.Others

Total comprehensive income 27,038,803.02 27,526,336.82

7. Earnings per share:

(1) Basic earnings per share

(2) Diluted earnings per share

Consolidated cash flow statement

Unit: Yuan

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

Project Half-year 2026 Half-year 2025

1. Cash flow generated from operating activities:

Cash received from selling goods and providing services 497,144,598.89 367,024,648.17 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 132,124.72 306,853.23 Other cash received related to operating activities 9,676,186.08 1,551,982.63 Subtotal of cash inflows from operating activities 506,952,909.69 368,883,484.03 Cash paid for purchasing goods and receiving services 347,809,042.02 245,431,843.36

Net increase in loans and advances to customers

Net increase in deposits with central banks and inter-banks

Cash used to pay compensation from the original insurance contract

Net increase in lending funds

Cash payments for interest, fees and commissions

Cash payment for policy dividends

Cash paid to and for employees 68,800,169.98 51,785,320.90 Various taxes and fees paid 38,419,218.65 15,739,474.72 Cash paid for other operating activities 34,230,086.64 22,884,172.49 Subtotal of cash outflows from operating activities 489,258,517.29 335,840,811.47 Net cash flow generated from operating activities 17,694,392.40 33,042,672.56

2. Cash flow generated from investing activities:

Cash received from recovery of investment 349,000,000.00 120,000,000.00 Cash received from investment income 215,802.16 153,326.86 Disposal of fixed assets, intangible assets and other long-term assets

498,000.00 5,538,100.00 Net cash amount recovered from assets in the period

Received from disposal of subsidiaries and other business units

net cash

Other cash received related to investing activities 423,581.46 563,314.34 Subtotal of cash inflows from investing activities 350,137,383.62 126,254,741.20 Purchase and construction of fixed assets, intangible assets and other long-term assets

76,278,367.78 112,128,708.33 Cash paid for assets

Cash paid for investment 349,000,000.00 120,000,000.00 Net increase in pledged loans

Obtain payment from subsidiaries and other business units

532,942,128.46

net cash

Other cash payments related to investing activities

Subtotal of cash outflows from investing activities 958,220,496.24 232,128,708.33 Net cash flow generated from investing activities -608,083,112.62 -105,873,967.13

3. Cash flow generated from financing activities:

Cash received from investment 63,394,500.00

Among them: subsidiaries absorb investment income from minority shareholders

Cash arrived

Cash received from borrowings 473,840,000.00 72,396,563.58 Cash received from other financing activities 5,129,000.00 3,660,679.12 Subtotal of cash inflows from financing activities 542,363,500.00 76,057,242.70 Cash paid to repay debts 467,140.32 55,000,000.00

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

Distribution of dividends, profits or repayment of interest payments

5,680,682.92 80,484,638.15 cash

Including: shares paid by subsidiaries to minority shareholders

Profit, profit

Payment of other cash related to financing activities 3,748,842.73 5,579,797.12 Subtotal of cash outflows from financing activities 9,896,665.97 141,064,435.27 Net cash flow generated from financing activities 532,466,834.03 -65,007,192.57

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

-682,793.82 302,638.50 impact

Net increase in cash and cash equivalents -58,604,680.01 -137,535,848.64 Plus: opening balance of cash and cash equivalents 298,742,660.83 215,969,257.33
Balance of cash and cash equivalents at the end of the period 240,137,980.82 78,433,408.69
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 222,539,366.00 224,602,024.64 Tax refunds received 132,124.72 142,076.13 Cash received from other operating activities 64,121,255.58 56,152,422.73 Subtotal of cash inflows from operating activities 286,792,746.30 280,896,523.50 Cash paid for purchasing goods and receiving services 182,864,599.23 135,111,846.96 Cash paid to and for employees 37,515,520.11 36,005,162.07 Various taxes and fees paid 4,940,743.35 6,251,812.41 Other cash payments related to operating activities 501,737,240.17 17,577,208.33 Subtotal of cash outflows from operating activities 727,058,102.86 194,946,029.77 Net cash flow generated from operating activities -440,265,356.56 85,950,493.73

2. Cash flow generated from investing activities:

Cash received from recovery of investment 289,000,000.00 100,000,000.00 Cash received from investment income 155,084.39 117,465.75 Disposal of fixed assets, intangible assets and other long-term assets

498,000.00 5,538,100.00 Net cash amount recovered from assets in the period

Received from disposal of subsidiaries and other business units

net cash

Other cash received related to investing activities 423,581.46 276,599.50 Subtotal of cash inflows from investing activities 290,076,665.85 105,932,165.25 Purchase and construction of fixed assets, intangible assets and other long-term assets

40,120,445.01 96,933,323.59 Cash paid for assets

Cash paid for investment 389,100,000.00 100,000,000.00 Cash paid for acquisition of subsidiaries and other business units

net cash

Other cash payments related to investing activities

Subtotal of cash outflows from investing activities 429,220,445.01 196,933,323.59 Net cash flow generated from investing activities -139,143,779.16 -91,001,158.34

3. Cash flow generated from financing activities:

Cash received from investment 63,394,500.00

Cash received from borrowings 463,840,000.00 72,396,563.58 Cash received from other financing activities 5,129,000.00 2,582,635.00 Subtotal of cash inflows from financing activities 532,363,500.00 74,979,198.58 Cash paid to repay debts 407,140.32 35,000,000.00 Distribution of dividends, profits or payment of interest

5,363,109.03 80,422,610.38 cash

Payment of other cash related to financing activities 3,685,872.73 5,579,797.12 Subtotal cash outflow from financing activities 9,456,122.08 121,002,407.50 Net cash flow generated from financing activities 522,907,377.92 -46,023,208.92

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

-13,738.90 302,638.52 impact

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

Net increase in cash and cash equivalents -56,515,496.70 -50,771,235.01

Add: Balance of cash and cash equivalents at the beginning of the period 180,216,689.73 82,815,839.20

Balance of cash and cash equivalents at the end of the period 123,701,193.03 32,044,604.19
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, comprehensive income, reserves, surplus reserves, risk reserves, other subtotal shareholders' equity, equity, joint venture profits

Provision 1,6 1,6 260 614 72, 653

00, 00,

,00 ,55 971 ,23

Previous year period 759 759

0,0 5,4 ,19 2,4

Ending balance ,04 ,04

1. 5.8 00.

4.1 4.1 00 84 3 48

5 5

Add: yes

Changes in accounting policies

before

period error correction

106 106 ,16 ,16 others

5,0 5,0him

1. 68 68 1,6 1,7 260 614 72, 653 106 00, 06,

,00 ,55 971 ,23 ,16

Current year 759 924

0,0 5,4 ,19 2,4 5,Beginning balance ,04 ,11

1. 5.8 00. 68. 4.1 2.8 00 84 3 48 68

5 3

The current period increased by 44, 44, 40, 84, minus the change amount 181 181 064 245 (decreases are filled in columns 1.1 1.1 8.0 9.1 with ,00,00,03,03 "—") 8 8 0 8 96, 96, 40, 136

180 180 064 ,24

(1) Comprehensive

,98 ,98 ,03 5,0Total income

3.8 3.8 8.0 21.

3 3 0 83

(2) All

investor input and reduction

less capital

1． owner

ordinary investment

Other rights

beneficial instruments held

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

investors invest capital

Share branch

Payment is included in all

owner's equity

Others

- - 51, 51, 51,

(3) Profit 999 999 999 Distribution ,98 ,98 ,98 2.6 2.6 2.6

5 5 5 1. Withdraw profit

surplus public space

Extract one

General risk preparation

- - 51, 51, 51, 3. to all

999 999 999

person (or share

,98,98,98 East) distribution

2.6 2.6 2.6

5 5 5 4. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

surplus public

Convert accumulated assets to capital

(or equity)

surplus public

Accumulate to make up for losses

Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

Other comprehensive

Consolidated income carried forward

retained earnings

other

(5) Special projects

reserve

1． This issue mentions

take

This issue makes

use

(6) Others

260 614 72, 697 1,6 146 1,7 ,00 ,55 971 ,41 44, ,22 91,

4. This issue

0,0 5,4 ,19 3,4 940 9,1 Balance at the end of 169

1. 5.8 01. ,04 06. ,15 00 84 3 66 5.3 68 2.0 Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd.

3 1

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

1,5 1,5 260 614 55, 647

77, 77, ,00 ,55 733 ,58

Previous year 875 875 0,0 5,4 ,04 7,3

Closing balance ,84 ,84

1. 9.6 43.

0.9 0.9 00 84 3 46

3 3 plus: yes

Changes in accounting policies

before

period error correction

its

him

1,5 1,5 260 614 55, 647

77, 77, ,00 ,55 733 ,58

Current period 875 875 0,0 5,4 ,04 7,3

Initial balance ,84 ,84

1. 9.6 43.

0.9 0.9 00 84 3 46

3 3

3. Added in this issue

28, 28, 28, minus change amount

388 388 388 (reduced to

,93 ,93 ,93 Fill in “—”

8.5 8.5 8.5 columns)

8 8 8 49, 49, 49, 611 611 611

(1) Comprehensive

,06 ,06 ,06Total income

1.4 1.4 1.4

2 2 2

(2) All

investor input and reduction

less capital

1． owner

ordinary investment

Other rights

beneficial instruments held

investors invest capital

Share branch

Payment is included in all

owner's equity

Others

(3) Profit - - - Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd.

Assignment 78, 78, 78,

000 000 000

,00 ,00 ,00 0.0 0.0 0.0

0 0 0 1. Withdraw profit

surplus public space

Extract one

General risk preparation

- - 78, 78, 78, 3. to all

000 000 000

person (or share

,00 ,00 ,00 East) distribution

0.0 0.0 0.0

0 0 0 4. Others

(4) All

Inside the investor’s rights

carry forward

1． capital company

Convert accumulated assets to capital

(or equity)

surplus public

Convert accumulated assets to capital

(or equity)

surplus public

Accumulate to make up for losses

Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

Other comprehensive

Consolidated income carried forward

retained earnings

Others

(5) Special projects

reserve

1． This issue mentions

take

This issue makes

use

(6) Others

1,5 1,5 260 614 55, 619

49, 49, ,00 ,55 733 ,19

This period 486 486 0,0 5,4 ,04 8,4

Closing balance ,90 ,90

1. 9.6 04.

2.3 2.3 00 84 3 88

5 5

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

Amount of current period

Unit: Yuan

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

2026 half year

Other equity instruments All less: Others Undivided

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

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

Total 1,336

260,0 614,5 72,97 388,9

Previous year period, 467,

00,00 55,44 1,195 40,76

Closing balance 406.1 0.00 7.84 .83 2.47

Add: yes

Changes in accounting policies

before

period error correction

its

him

1,336

260,0 614,5 72,97 388,9

Current year, 467,

00,00 55,44 1,195 40,76

Initial balance 406.1

0.00 7.84 .83 2.47

3. Added in this issue

-Minus change amount

24,96 24,96 (reduced by

1,179 1,179 Fill in “—”

.63 .63 columns)

27,03 27,03

(1) Comprehensive

8,803 8,803Total income

.02 .02

(2) All

investor input and reduction

less capital

1． owner

ordinary investment

Other rights

beneficial instruments held

investors invest capital

Share branch

Payment is included in all

owner's equity

Others

(3) Profit 51,99 51,99 Distribution 9,982 9,982

.65 .65 1． Withdraw profit

surplus public space

- 2． to all

51,99 51,99 (or shares

9,982 9,982 East) allocation

.65 .65 3. Others

(4) All

Inside the investor’s rights

carry forward

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

1． capital company

Convert accumulated assets to capital

(or equity)

surplus public

Convert accumulated assets to capital

(or equity)

surplus public

Accumulate to make up for losses

Settings subject to

Changes in benefit plan

Amount carried forward and retained

income

Other comprehensive

Consolidated income carried forward

retained earnings

Others

(5) Special projects

reserve

1． This issue mentions

take

This issue makes

use

(6) Others

1,311

260,0 614,5 72,97 363,9

This period, 506,

00,00 55,44 1,195 79,58

Closing balance 226.5

0.00 7.84 .83 2.84

Amount of previous year

Unit: Yuan

2025 half year

Other equity instruments All less: Others Undivided

Items Capital Special Surplus Owners’ Rights Equity Priority Perpetual Inventory Comprehensive Dividends Others Other Reserves Reserves Equity Partnership Debt Shares Income Profit

Total 1,242

260,0 614,5 55,73 311,7

Previous year period, 085,

00,00 55,44 3,049 97,44

Closing balance 944.1 0.00 7.84 .63 6.69

Add: yes

Changes in accounting policies

before

period error correction

its

him

1,242

260,0 614,5 55,73 311,7

This year, 085,

00,00 55,44 3,049 97,44

Initial balance 944.1

0.00 7.84 .63 6.69

3. Added in this issue

-Minus change amount

50,47 50,47 (reduced by

3,663 3,663 Fill in “—”

.18 .18 columns)

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

27,52 27,52

(1) Comprehensive

6,336 6,336Total income

.82 .82

(2) Owner’s investment and capital reduction

1． Common stock invested by owners

Capital invested by other equity instrument holders
The amount of share-based payment included in owners’ equity
Others

(3) Profit 78,00 78,00 Distribution 0,000 0,000

.00 .00 1. Withdrawal from surplus reserve

- 2． to all

78,00 78,00 (or shares

0,000 0,000 East) allocation

.00 .00 3. Others

(4) Internal carryover of owners’ equity

1． Conversion of capital reserves to capital (or share capital)

Conversion of surplus reserves into capital (or share capital)
Surplus reserve to cover losses
Changes in defined benefit plans are carried forward to retained earnings
Other comprehensive income carried forward to retained earnings
Others

(5) Special reserves

1． Extract this period

Used in this issue

(6) Others

Full text of Jinfu Technology Co., Ltd. 2026 Semi-annual Report 1,191

260,0 614,5 55,73 261,3

This period, 612,

00,00 55,44 3,049 23,78

Closing balance 280.9

0.00 7.84 .63 3.51

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

Jinfu Technology Co., Ltd.

Notes to Financial Statements

January-June 2026

(Unless otherwise stated, the unit of amount is RMB)

1. Basic information of the company

Jinfu Technology Co., Ltd. (hereinafter referred to as the company, the company or Jinfu Technology) is a joint-stock company established as a whole by the original Dongguan Jinfu Industrial Co., Ltd. (hereinafter referred to as Jinfu Co., Ltd.). The registered capital at the time of establishment was RMB 150 million. The change registration was completed at the Dongguan Administration for Industry and Commerce on June 21, 2016.

Approved by the China Securities Regulatory Commission's "Reply on Approval of the Initial Public Offering of Stocks by Jinfu Technology Co., Ltd." China Securities Regulatory Commission License [2020] No. 2383, the company issued 65 million RMB ordinary shares to the public for the first time. After the issuance, the company's registered capital was RMB 260 million. On November 6, 2020, the company's shares were listed for trading on the Shenzhen Stock Exchange. The stock abbreviation is "Jinfu Technology" and the stock code is "003018".

Company address: No. 10, Hengtong Road, Houjie Town, Dongguan City, Guangdong Province. Legal representative: Chen Shanshan.

Business scope: Establishing R&D institutions to research and develop plastic products, hardware products (excluding electroplating), electronic products and mechanical equipment; production and sales: plastic products, hardware products (excluding electroplating), electronic products, mechanical equipment; import and export of goods (except items prohibited by laws and administrative regulations, items restricted by laws and administrative regulations must obtain a license before operating); printing of packaging, decoration and other printed matter. (Projects that require approval according to law can only carry out business activities after approval by relevant departments)

Date of approval for issuance of financial statements: These financial statements have been approved for issuance by the company's board of directors on August 28, 2026.

2. Basis for preparation of financial statements

Basics of preparation

The company is based on going concern, recognizes and measures actual transactions and events in accordance with the Accounting Standards for Business Enterprises and their application guidelines and explanations of the standards, and prepares financial statements on this basis. In addition, the Company also complies with the China Securities Regulatory Commission’s "Information Disclosure and Preparation Rules for Companies that Offer Securities to the Public No. 15 - Financial Reporting

The full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. General Provisions (Revised in 2023)" discloses relevant financial information.

Going concern

The company has evaluated its ability to continue operating for 12 months from the end of the reporting period, and has found no events that affect the company's ability to continue operating. It is reasonable for the company to prepare financial statements on the basis of going concern.

3. Important accounting policies and accounting estimates

The following important accounting policies and accounting estimates of the Company are formulated in accordance with the Accounting Standards for Business Enterprises. Businesses not mentioned are carried out in accordance with the relevant accounting policies in the Accounting Standards for Business Enterprises.

Statement on compliance with Accounting Standards for Business Enterprises

The financial statements prepared by the company comply with the requirements of accounting standards for enterprises and truly and completely reflect the company's financial status, operating results, changes in owner's equity, cash flow and other relevant information.

Accounting period

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

Business cycle

The company's normal operating cycle is one year.

Accounting standard currency

The company's accounting standard currency is RMB.

Determination method and selection basis of materiality criteria

Project Materiality Criteria

Important individual accounts receivable with provision for bad debts The individual amount exceeds total assets by 0.5%

Important other receivables for which bad debt provisions are individually provided The individual amount exceeds total assets by 0.5%

Important prepayments aged more than 1 year. Single items aged more than 1 year and the amount exceeds 0.5% of total assets.

Important construction projects in progress where the amount or balance of a single project under construction exceeds the total assets

0.5%

Important accounts payable aged more than 1 year. Individual accounts payable aged more than 1 year and the amount exceeds total liabilities by 0.5%

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

(1) Business merger under common control

The assets and liabilities acquired by the company in a business merger are measured at the book value of the merged party in the consolidated financial statements of the ultimate controlling party on the merger date. Among them, for the methods adopted by the merged party and the company before the business merger,

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text If the accounting policies and accounting periods are different, the accounting policies and accounting periods will be unified based on the principle of importance, that is, the book value of the assets and liabilities of the merged party will be adjusted in accordance with the company's accounting policies and accounting periods. If there is a difference between the book value of the net assets acquired by the company in the business combination and the book value of the consideration paid, the capital reserve (capital premium or equity premium) will be adjusted first. If the balance of the capital reserve (capital premium or equity premium) is insufficient to offset it, the surplus reserve and undistributed profits will be offset in sequence.

For the accounting treatment method of business combination under common control achieved through step-by-step transactions, please refer to Note 3, 7(6).

(2) Business combination not under common control

The identifiable assets and liabilities of the purchased party acquired by the Company in a business combination are measured at their fair value on the acquisition date. Among them, if the accounting policies and accounting periods adopted by the purchased party and the company before the business merger are different, the accounting policies and accounting periods shall be unified based on the principle of importance, that is, the book value of the assets and liabilities of the purchased party shall be adjusted in accordance with the accounting policies and accounting periods of the company. The difference between the company's merger cost on the acquisition date and the fair value of the acquiree's identifiable assets and liabilities acquired in the business merger is recognized as goodwill; if the merger cost is less than the difference between the fair values of the acquiree's identifiable assets and liabilities acquired in the business merger, the difference is recognized as goodwill. First, the merger cost and the fair value of the acquiree's identifiable assets and liabilities obtained in the business merger are reviewed. After the review, if the merger cost is still less than the fair value of the acquiree's identifiable assets and liabilities, the difference is recognized as the current profit and loss of the merger.

For the accounting treatment method of business combination not under common control achieved through step-by-step transactions, please refer to Note 3, 7(6). (3) Treatment of transaction costs in business mergers

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

Judgment criteria for control and preparation method of consolidated financial statements

(1) Judgment criteria for control and determination of consolidation scope

Control means that the company has power over the investee, enjoys variable returns by participating in the investee's relevant activities, and has the ability to use its power over the investee to affect the amount of its returns. The definition of control includes three basic elements: first, the investor has power over the investee; second, it enjoys variable returns due to participation in the investee’s relevant activities; third, it has the ability to use its power over the investee to affect the amount of its returns. When the company's investment in the investee meets the above three elements, it indicates that the company can control the investee.

The consolidation scope of the consolidated financial statements is determined based on control, not only based on voting rights (or similar statements).

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text Decision-making power) subsidiaries determined by themselves or in combination with other arrangements, also include structured entities determined based on one or more contractual arrangements.

Subsidiaries refer to entities controlled by the company (including divisible parts of enterprises, investee units, and structured entities controlled by enterprises, etc.). Structured entities refer to entities designed without voting rights or similar rights as a decisive factor when determining their controllers (note: sometimes also called special purpose entities).

(2) Special provisions regarding the parent company as an investment entity

If the parent company is an investment entity, only those subsidiaries that provide relevant services for the investment activities of the investment entity will be included in the scope of consolidation, and other subsidiaries will not be consolidated. The equity investors of subsidiaries that are not included in the scope of consolidation will be recognized as financial assets measured at fair value with changes included in current profits and losses.

When a parent company meets the following conditions at the same time, it is an investment entity:

①The company aims to provide investment management services to investors and obtains funds from one or more investors.

②The company's sole business purpose is to provide investors with returns through capital appreciation, investment income, or both.

③The company considers and evaluates the performance of almost all investments based on fair value.

When a parent company transforms from a non-investment entity to an investment entity, in addition to including only the subsidiaries that provide related services for its investment activities into the scope of consolidated financial statements when preparing consolidated financial statements, the enterprise will no longer consolidate other subsidiaries from the date of transformation, and handle them with reference to the principle of partially disposing of subsidiary equity without losing control.

When the parent company transforms from an investment entity to a non-investment entity, the subsidiaries that were not originally included in the scope of the consolidated financial statements should be included in the scope of the consolidated financial statements on the date of transformation. The fair value of the subsidiaries that were not originally included in the scope of the consolidated financial statements on the date of transformation is regarded as the transaction consideration for the purchase, and is treated in accordance with the accounting treatment method for business combinations not under common control.

(3) Preparation method of consolidated financial statements

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 and accounting periods.

The full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. ① Consolidate the assets, liabilities, owner's equity, income, expenses and cash flow of the parent company and subsidiaries.

② Offset the parent company’s long-term equity investment in the subsidiary with the parent company’s share of the subsidiary’s owner’s equity.

③ Offset the impact of internal transactions between the parent company and its subsidiaries, and between subsidiaries. If internal transactions indicate that impairment losses have occurred on related assets, the losses shall be recognized in full.

④Adjust special transaction matters from the perspective of the enterprise group.

(4) Processing of adding or removing subsidiaries during the reporting period

① Add subsidiaries or businesses

A. Subsidiaries or businesses added by business mergers under common control

(a) When preparing the consolidated balance sheet, adjust the opening balance of the consolidated balance sheet and adjust the relevant items in the comparative statement at the same time. It is deemed that the merged reporting entity has existed since the time when the ultimate controlling party began to control. (b) When preparing the consolidated income statement, the income, income, and income of the subsidiary and business from the beginning of the current period to the end of the reporting period are combined.

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

Expenses and profits are included in the consolidated income statement, and relevant items in the comparative statements are adjusted at the same time. It is deemed that the merged reporting entity has existed since the final controlling party began to control.

(c) When preparing the consolidated cash flow statement, the cash flows of the subsidiary and the business combination from the beginning of the current period to the end of the reporting period are included in the consolidated cash flow statement, and relevant items in the comparative statements are adjusted at the same time. It is deemed that the post-merger reporting entity has existed since the time when the ultimate controlling party began to control.

B. Subsidiaries or businesses added by business combination not under common control

(a) When preparing the consolidated balance sheet, the opening balance of the consolidated balance sheet will not be adjusted.

(b) When preparing the consolidated income statement, include the income, expenses and profits of the subsidiary and business from the date of purchase to the end of the reporting period into the consolidated income statement.

(c) When preparing the consolidated cash flow statement, include the cash flow from the acquisition date of the subsidiary to the end of the reporting period into the consolidated cash flow statement.

②Dispose of subsidiaries or businesses

A. When preparing the consolidated balance sheet, the opening balance of the consolidated balance sheet will not be adjusted.

B. When preparing the consolidated income statement, include the income, expenses and profits of the subsidiary and the business from the beginning of the period to the date of disposal into the consolidated income statement.

C. When preparing the consolidated cash flow statement, include the cash flow of the subsidiary and the business from the beginning of the period to the disposal date into the consolidated cash flow statement.

(5) Special considerations in merger elimination

① The long-term equity investment held by a subsidiary of the company shall be regarded as the company's treasury shares, and shall be listed as "less: treasury shares" under the owner's equity item in the consolidated balance sheet as a deduction from the owner's equity.

For long-term equity investments held by subsidiaries among each other, the long-term equity investment and its corresponding share of the owner's equity of the subsidiary are offset against each other according to the offsetting method of the company's equity investment in the subsidiary.

② Since the "special reserves" and "general risk reserves" items are neither paid-in capital (or equity) nor capital reserves, nor are they different from retained earnings and undistributed profits, after the long-term equity investment and the subsidiary's owner's equity are offset, they will be restored according to the share attributable to the owners of the parent company.

③ If there is a temporary difference between the book value of assets and liabilities in the consolidated balance sheet and the tax base of the taxable entity due to the offsetting of unrealized internal sales profits and losses, the deferred income shall be recognized in the consolidated balance sheet.

5265

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

tax assets or deferred income tax liabilities, while adjusting the income tax expense in the consolidated income statement, except for deferred income taxes related to transactions or events directly recognized in owner's equity and business combinations.

④ Unrealized internal transaction gains and losses arising from the company's sale of assets to subsidiaries shall be fully offset against "net profits attributable to owners of the parent company". Unrealized internal transaction profits and losses arising from the sale of assets by a subsidiary to the company shall be allocated and offset between "net profits attributable to owners of the parent company" and "minority shareholders' profits and losses" in accordance with the company's distribution ratio to the subsidiary. Unrealized internal transaction profits and losses arising from the sale of assets between subsidiaries shall be allocated and offset between "net profits attributable to owners of the parent company" and "minority shareholders' profits and losses" in accordance with the company's distribution ratio to the selling subsidiary.

⑤ If the current losses shared by minority shareholders of a subsidiary exceed the minority shareholders' share of the subsidiary's opening owner's equity, the balance should still be offset against minority shareholders' equity.

(6) Accounting treatment of special transactions

①Purchase minority shareholders’ equity

The Company purchases the equity of a subsidiary owned by minority shareholders of the subsidiary. In the individual financial statements, the investment cost of the newly acquired long-term equity investment for the purchase of the minority equity is measured according to the fair value of the consideration paid. In the consolidated financial statements, the difference between the 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 date of purchase or merger based on the new shareholding ratio shall be adjusted to the capital reserve (capital premium or equity premium). If the capital reserve is insufficient to offset, the surplus reserve and undistributed profits shall be offset in sequence.

② Obtaining control of a subsidiary step by step through multiple transactions

A. The merger of enterprises under the same control is realized step by step through multiple transactions.

On the merger date, the company determines the initial investment cost of the long-term equity investment in its individual financial statements based on the share of the book value of the subsidiary's net assets in the ultimate controlling party's consolidated financial statements that it will enjoy after the merger; the initial investment cost is the same as the long-term equity before the merger. The difference between the book value of the investment and the sum of the book value of the newly paid consideration for further shares acquired on the merger date is adjusted to the capital reserve (capital premium or equity premium). If the capital reserve (capital premium or equity premium) is insufficient to offset, the surplus reserve and undistributed profits are offset in sequence.

In the consolidated financial statements, the assets and liabilities of the merged party obtained by the combining party during the merger are measured according to their book values in the consolidated financial statements of the ultimate controlling party on the date of merger, except for adjustments due to differences in accounting policies and accounting periods;

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The difference between the book value of the net assets obtained from the merger shall be adjusted to the capital reserve (equity premium/capital premium). If the capital reserve is insufficient for offset, the retained earnings shall be adjusted.

For equity investments held by the merging party before acquiring control of the merged party, relevant profits and losses, other comprehensive income and other changes in owner's equity have been recognized between the date of acquisition of the original equity and the date when the merging party and the merged party are under the final control of the same party, whichever is later, to the merger date, and shall be offset against the opening retained earnings or current profits and losses of the comparative statement period respectively.

B. Merger of enterprises not under common control is realized step by step through multiple transactions.

On the merger date, in individual financial statements, the sum of the book value of the original long-term equity investment plus the new investment cost on the merger date will be regarded as the initial investment cost of the long-term equity investment on the merger date.

In the consolidated financial statements, the equity of the acquiree held before the acquisition date is remeasured according to the fair value of the equity on the acquisition date. The equity of the acquiree held before the acquisition date is designated as a financial asset measured at fair value and its changes are included in other comprehensive income. , the difference between the fair value and its book value is included in retained earnings, and the cumulative fair value changes of the equity that were originally included in other comprehensive income are transferred to retained earnings; the equity of the purchased party held before the purchase date is measured at fair value and its changes are included in the current profit and loss. For assets or long-term equity investments accounted for by the equity method, the difference between the fair value and its book value is included in the current investment income; the equity of the purchased party held before the acquisition date involves other comprehensive income under the equity method and net profit and loss and other comprehensive income under the equity method. If there are other changes in owners' equity other than profit distribution, the other comprehensive income related to it will be accounted for on the same basis as the investee's direct disposal of relevant assets or liabilities on the purchase date, and the other changes in owner's equity related to it will be converted into investment income for the current period on the purchase date.

③The company disposes of long-term equity investment in subsidiaries but does not lose control

If the parent company partially disposes of its long-term equity investment in a subsidiary without losing control, in the consolidated financial statements, the difference between the disposal price and the share of the subsidiary's net assets continuously calculated from the date of purchase or merger will be adjusted to the capital reserve (capital premium or equity premium). If the capital reserve is insufficient for offset, the retained earnings will be adjusted.

④The company disposes of its long-term equity investment in the subsidiary and loses control

A. One transaction disposal

If the company loses control over the investee due to disposal of part of its equity investment or other reasons, it shall not

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

When preparing financial statements, the remaining equity shall be remeasured according to its fair value on the date when control is lost. 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 related to the equity investment of the atomic company will be accounted for on the same basis as the original subsidiary's direct disposal of relevant assets or liabilities when control is lost. Other changes in owner's equity related to the original subsidiary that are accounted for under the equity method will be transferred to the current profit and loss when control is lost.

B. Step-by-step disposal of multiple transactions

In the consolidated financial statements, we should first determine whether the step-by-step transaction is a "package transaction".

If the step-by-step transaction does not belong to a "package transaction", in the individual financial statements, for each transaction before the loss of control of the subsidiary, the book value of the long-term equity investment corresponding to each equity disposal will be carried forward, and the difference between the proceeds and the book value of the long-term equity investment disposed shall be included in the investment income of the current period; in the consolidated financial statements, it shall be handled in accordance with the relevant provisions of "the parent company disposes of the long-term equity investment in the subsidiary without losing control."

If the step-by-step transaction is a "package transaction", each transaction should be accounted for as a transaction in which the subsidiary is disposed of and control is lost; 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 first recognized as other comprehensive income. When control is lost, it will be transferred to the profit and loss of the current period when control is lost; in the consolidated financial statements, for each transaction before the loss of control, the difference between the disposal price and the share of the net assets of the subsidiary corresponding to the disposal investment should be recognized as other comprehensive income, and when control is lost, it will be transferred to the profit and loss of the current period when control is lost.

If the terms, conditions and economic impact of each transaction meet one or more of the following conditions, multiple transactions are usually accounted for as a "package transaction":

(a) The transactions were entered into simultaneously or with consideration of their influence on each other.

(b) These transactions as a whole can achieve a complete business result.

(d) A transaction that is uneconomical when considered alone is economical when considered together with other transactions. ⑤ Dilution of the equity ratio owned by the parent company due to capital increase by minority shareholders of the sub-company

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shareholding ratio. In the consolidated financial statements, the share of the subsidiary's book net assets before the capital increase is calculated based on the parent company's equity ratio before the capital increase. The difference between this share and the subsidiary's share of the subsidiary's book net assets after the capital increase calculated based on the parent company's shareholding ratio after the capital increase is adjusted to the capital reserve (capital premium or equity premium). If the capital reserve (capital premium or equity premium) is insufficient to offset, the retained earnings are adjusted.

Classification of joint arrangements and accounting treatment of joint operations

A joint arrangement refers to an arrangement that is jointly controlled by two or more parties. The Company's joint venture arrangements are divided into joint operations and joint ventures.

(1) Joint operation

A joint operation refers to a joint arrangement in which the Company enjoys the relevant assets of the arrangement and assumes the relevant liabilities of the arrangement.

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

① Recognize the assets held individually and recognize the assets held jointly according to their shares;

② Confirm the liabilities borne individually and the liabilities borne jointly according to their shares;

③ Recognize the income generated from the sale of its share of joint operating output;

④ Recognize the income generated by the joint operation from the sale of output according to its share;

⑤ Recognize the expenses incurred individually, and recognize the expenses incurred by joint operations according to their share.

(2) Joint venture

A joint venture is a joint arrangement in which the Company only has rights to the net assets of the arrangement.

The Company accounts for investments in joint ventures in accordance with the provisions on equity method accounting for long-term equity investments.

Determination criteria for cash and cash equivalents

Cash refers to corporate cash on hand and deposits that can be used for payment at any time. Cash equivalents refer to investments that are held for a short period (generally due within three months from the date of purchase), are highly liquid, are easily convertible into known amounts of cash, and have little risk of changes in value.

Foreign currency business and foreign currency statement conversion

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(1) Method for determining the conversion exchange rate in foreign currency transactions

When the Company's foreign currency transactions are initially recognized, they are converted into the accounting functional currency using the spot exchange rate on the date of the transaction or an exchange rate determined in a systematic and reasonable manner that is approximate to the spot exchange rate on the date of the transaction (hereinafter referred to as the "approximate exchange rate of the spot exchange rate").

(2) Conversion method of foreign currency monetary items on the balance sheet date

On the balance sheet date, foreign currency monetary items are translated using the spot exchange rate on the balance sheet date. Exchange differences arising from differences between the spot exchange rate on the balance sheet date and the spot exchange rate on initial recognition or the previous balance sheet date are included in the current profit and loss. For foreign currency non-monetary items measured at historical cost, the spot exchange rate on the date of transaction is still used for translation; for inventories measured at the lower of cost and net realizable value, the inventory is purchased in foreign currency and the net realizable value of the inventory on the balance sheet date is If the value is reflected in a foreign currency, the net realizable value is first converted into the recording currency amount according to the spot exchange rate on the balance sheet date, and then compared with the inventory cost reflected in the recording currency to determine the ending value of the inventory; for fair value Foreign currency non-monetary items measured at fair value are converted using the spot exchange rate on the date when the fair value is determined. For financial assets measured at fair value with changes included in current profits and losses, the difference between the converted accounting functional currency amount and the original accounting functional currency amount The amount is included in the current profit and loss. For non-trading equity instrument investments designated as measured at fair value and whose changes are included in other comprehensive income, the difference between the converted accounting functional currency amount and the original accounting functional currency amount is included in other comprehensive income.

(3) Conversion method of foreign currency statements

Before converting the financial statements of an enterprise's overseas operations, it is necessary to adjust the accounting period and accounting policies of the overseas operations to make them consistent with the accounting period and accounting policies of the enterprise, and then prepare financial statements in the corresponding currency (currency other than the accounting standard currency) based on the adjusted accounting policies and accounting periods, and then convert the financial statements of the overseas operations according to the following method:

① The assets and liability items in the balance sheet are translated using the spot exchange rate on the balance sheet date. Owner's equity items, except for the "undistributed profits" items, are translated using the spot exchange rate at the time of occurrence.

② The income and expense items in the income statement are converted using the spot exchange rate on the date of transaction or an approximate exchange rate of the spot exchange rate.

③ For foreign currency cash flows and cash flows of overseas subsidiaries, the spot exchange rate on the date of cash flow occurrence or

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Approximate exchange rate conversion of spot rates. The impact of exchange rate changes on cash should be presented separately in the cash flow statement as an adjustment item.

④ The resulting translation differences of foreign currency financial statements will be listed in the "other comprehensive income" item under the owner's equity item in the consolidated balance sheet when preparing the consolidated financial statements.

Financial instruments

A financial instrument refers to a contract that forms a financial asset of one party and a financial liability or equity instrument of another party.

(1) Recognition and derecognition of financial instruments

When the company becomes a party to a financial instrument contract, the relevant financial assets or financial liabilities are recognized.

Financial assets shall be derecognized if they meet one of the following conditions:

①The contractual right to receive cash flows from the financial asset terminates;

②The financial asset has been transferred and meets the following conditions for derecognition of financial asset transfer.

If the current obligation of a financial liability (or part thereof) has been discharged, the financial liability (or part thereof) shall be derecognised. An agreement is signed between the company (borrower) and 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, the original financial liability will be derecognised and the new financial liability will be recognized at the same time. If the company makes substantial modifications to the contract terms of the original financial liability (or part thereof), it shall terminate the original financial liability and recognize a new financial liability in accordance with the modified terms.

When financial assets are bought and sold in a regular manner, accounting recognition and derecognition will be carried out based on the transaction date. The conventional way of buying and selling financial assets refers to delivering financial assets in accordance with the terms of the contract and at the time schedule determined by regulations or market practices. The trading day refers to the date when the company commits to buy or sell financial assets.

(2) Classification and measurement of financial assets

Upon initial recognition, based on the business model of managing financial assets and the contractual cash flow characteristics of financial assets, the company classifies financial assets into: financial assets measured at amortized cost, financial assets measured at fair value with changes included in current profits and losses, and financial assets measured at fair value with changes included in other comprehensive income. Unless the Company changes the business model for managing financial assets, in which case all affected related financial assets are reclassified on the first day of the first reporting period after the change in business model, otherwise the financial assets will be recognized after initial recognition.

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No reclassification is allowed.

Financial assets are measured at fair value upon initial recognition. 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. Notes receivable and accounts receivable arising from the sale of goods or provision of services, which do not contain or take into account significant financing components, are initially measured by the company based on the transaction price defined in the revenue standards. The subsequent measurement of a financial asset depends on its classification:

①Financial assets measured at amortized cost

If a financial asset meets the following conditions at the same time, it is classified as a financial asset measured at amortized cost: the company's business model for managing the financial asset is to collect contractual cash flows as the goal; the contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the outstanding principal amount. For such financial assets, the actual interest rate method is used and subsequent measurement is carried out at amortized cost. Gains or losses arising from their derecognition, amortization or impairment based on the actual interest rate method are included in the current profits and losses.

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

If a financial asset meets the following conditions at the same time, it is classified as a financial asset measured at fair value with changes included in other comprehensive income: the company's business model for managing this financial asset is to collect contractual cash flows as well as sell financial assets as the goal; the contract terms of the financial asset stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the outstanding principal amount. For such financial assets, fair value is used for subsequent measurement. Except for impairment losses or gains and exchange gains and losses that are recognized as current profits and losses, changes in the fair value of such financial assets are recognized as other comprehensive income until the financial assets are derecognised, and their accumulated profits or losses are transferred to current profits and losses. However, the interest income related to the financial asset calculated using the actual interest rate method is included in the current profit and loss.

The Company irrevocably chooses to designate some non-trading equity instrument investments as financial assets measured at fair value with changes included in other comprehensive income. Only relevant dividend income will be included in the current profit and loss, and changes in fair value will be recognized as other comprehensive income until the financial assets are derecognised, and their accumulated gains or losses will be transferred to retained earnings.

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

The above-mentioned financial assets measured at amortized cost and measured at fair value with changes included in other comprehensive income

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Financial assets other than financial assets are classified as financial assets measured at fair value with changes included in current profits and losses. For such financial assets, fair value is used for subsequent measurement, and all changes in fair value are included in the current profit and loss.

(3) Classification and measurement of financial liabilities

The Company classifies financial liabilities into financial liabilities measured at fair value through current profits and losses, loan commitments and financial guarantee contract liabilities for loans with lower than market interest rates, and financial liabilities measured at amortized cost.

The subsequent measurement of financial liabilities depends on their classification:

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

This type of financial liabilities includes 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. After initial recognition, such financial liabilities are subsequently measured at fair value. Except for those related to hedging accounting, the gains or losses (including interest expenses) incurred are included in the current profits and losses. However, for financial liabilities designated by the Company as measured at fair value and whose changes are included in current profits and losses, the change in the fair value of the financial liability caused by changes in its own credit risk is included in other comprehensive income. When the financial liability is derecognised, the accumulated gains and losses previously included in other comprehensive income should be transferred out from other comprehensive income and included in retained earnings.

②Loan commitments and financial guarantee contract liabilities

A loan commitment is a commitment provided by the Company to customers to provide loans to customers under established contract terms during the commitment period. Loan commitments are provided with impairment losses based on the expected credit loss model.

A financial guarantee contract refers to a contract that requires the company to pay a specific amount of compensation to the contract holder who has suffered a loss when a specific debtor is unable to repay its debts in accordance with the terms of the original or modified debt instrument when due. Financial guarantee contract liabilities are subsequently measured based on the higher of the loss reserve amount determined based on the impairment principle of financial instruments and the initial recognition amount minus the accumulated amortization amount determined based on the revenue recognition principle.

③Financial liabilities measured at amortized cost

After initial recognition, other financial liabilities are measured at amortized cost using the effective interest rate method.

Except for special circumstances, financial liabilities and equity instruments are distinguished according to the following principles:

① If the company cannot unconditionally avoid delivering cash or other financial assets to fulfill a contractual obligation, then the contractual obligation meets the definition of a financial liability. Some financial instruments do not explicitly include the delivery of cash

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or other terms and conditions of financial asset obligations, but may indirectly form contractual obligations through other terms and conditions.

② If a financial instrument must be settled or can be settled with the company's own equity instruments, it is necessary to consider whether the company's own equity instruments used to settle the instrument are used as a substitute for cash or other financial assets, or to enable the holder of the instrument to enjoy the remaining equity in the issuer's assets after deducting all liabilities. If it is the former, the instrument is a financial liability of the issuer; if it is the latter, the instrument is an equity instrument of the issuer. In some cases, a financial instrument contract stipulates that the company must use or use its own equity instruments to settle the financial instrument, and the amount of the contractual rights or contractual obligations is equal to the number of its own equity instruments that can be obtained or needs to be delivered multiplied by its fair value at the time of settlement. Regardless of whether the amount of the contractual rights or contractual obligations is fixed or is based entirely or partially on changes in variables other than the market price of the company's own equity instruments (such as interest rates, the price of a certain commodity or the price of a certain financial instrument), the contract is classified as a financial liability.

(4) Derivative financial instruments and embedded derivatives

Derivative financial instruments are initially measured at their fair value on the date when the derivative transaction contract is signed, and are subsequently measured at their fair value. Derivative financial instruments with a positive fair value are recognized as an asset and those with a negative fair value are recognized as a liability.

Except for the effective part of the cash flow hedging, which is included in other comprehensive income and transferred out and included in the current profit and loss when the hedged item affects the profit and loss, gains or losses arising from changes in the fair value of derivative instruments are directly included in the current profit and loss.

For hybrid instruments containing embedded derivatives, such as if the main contract is a financial asset, the relevant provisions on the classification of financial assets shall apply to the hybrid instrument as a whole. If the main contract is not a financial asset, and the hybrid instrument is not measured at fair value and its changes are included in the current profit and loss for accounting treatment, and there is no close relationship between the embedded derivative instrument and the main contract in terms of economic characteristics and risks, and if the conditions of the embedded derivative instrument are the same and the stand-alone instrument meets the definition of a derivative, the embedded derivative instrument is separated from the hybrid instrument and treated as a separate derivative financial instrument. If the fair value of the embedded derivative cannot be measured separately on the acquisition date or subsequent balance sheet date, the hybrid instrument as a whole is designated as a financial asset or financial liability at fair value through profit or loss for the current period.

(5) Impairment of financial instruments

The Company's financial assets measured at amortized cost are measured at fair value and changes are included in other comprehensive

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For income-earning debt investments, contract assets, lease receivables, loan commitments and financial guarantee contracts, loss provisions are recognized based on expected credit losses.

①Measurement of 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.

Lifetime expected credit losses refer to the expected credit losses caused by all possible default events that may occur during the entire expected life of a financial instrument.

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

On each balance sheet date, the Company measures the expected credit losses of financial instruments at different stages respectively. If the credit risk of a financial instrument has not increased significantly since initial recognition, it is in the first stage, and the Company will measure loss provisions based on the expected credit losses within the next 12 months; if the credit risk of a financial instrument has increased significantly since initial recognition but no credit impairment has occurred, it is in the second stage, and the Company will measure loss provisions based on the expected credit losses throughout the entire duration of the instrument; if a financial instrument has experienced credit impairment since initial recognition, it is in the third stage, and the Company will measure loss provisions based on the expected credit losses throughout the entire duration of the instrument.

For financial instruments with low credit risk on the balance sheet date, the Company assumes that its credit risk has not increased significantly since initial recognition, and measures loss provisions based on expected credit losses within the next 12 months.

For financial instruments in the first and second stages and with lower credit risk, the company calculates interest income based on its book balance before impairment provisions and actual interest rate. For financial instruments in the third stage, interest income is calculated based on its book balance minus the amortized cost and actual interest rate after impairment provisions have been made.

For notes receivable, accounts receivable, receivable financing and contract assets, regardless of whether there is a significant financing component, the company measures loss provisions based on expected credit losses throughout the duration.

A. Receivables/Contract Assets

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For bills receivable, accounts receivable, other receivables, receivables financing, contract assets and long-term receivables where there is objective evidence of impairment, and other bills receivable, accounts receivable, contract assets and long-term receivables that are subject to individual assessment, individual impairment tests are conducted, expected credit losses are confirmed, and individual impairment provisions are made. For notes receivable, accounts receivable, other receivables, receivables financing, contract assets and long-term receivables where there is no objective evidence of impairment or when a single financial asset cannot assess expected credit losses at a reasonable cost, the company divides notes receivable, accounts receivable, other receivables, receivables financing, contract assets and long-term receivables into several combinations based on credit risk characteristics, and calculates expected credit losses on the basis of the combinations. The basis for determining the combinations is as follows:

The basis for determining the combination of notes receivable is as follows:

Notes receivable portfolio 1Commercial acceptance bill

Notes Receivable Portfolio 2Bank Acceptance Bill

For notes receivable divided into portfolios, the Company refers to historical credit loss experience, combines current conditions and predictions of future economic conditions, and calculates expected credit losses through default risk exposure and the expected credit loss rate throughout the duration.

The basis for determining the combination of accounts receivable is as follows:

Accounts receivable portfolio 1 Related party customers within the scope of receivable consolidation

Accounts receivable portfolio 2 Due from other customers

For accounts receivable divided into portfolios, the Company refers to historical credit loss experience, combined with current conditions and predictions of future economic conditions, prepares a comparison table between the aging of accounts receivable and the expected credit loss rate for the entire duration, and calculates expected credit losses.

The basis for determining the combination of other receivables is as follows:

Other receivables portfolio 1 Amounts receivable from related parties within the scope of consolidation

Other receivables portfolio 2 Export tax refund receivable

Other receivables portfolio 3Other receivables

For other receivables classified into portfolios, the Company refers to historical credit loss experience, combined with current conditions and predictions of future economic conditions, and calculates expected credit losses through default risk exposure and expected credit loss rate within the next 12 months or the entire duration.

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The basis for determining the combination of receivables financing is as follows:

Receivables Financing Portfolio 1Commercial Acceptance Bill

Receivables Financing Package 2Bank Acceptance Bill

For the financing of receivables divided into portfolios, the Company refers to historical credit loss experience, combines current conditions and predictions of future economic conditions, and calculates expected credit losses through default risk exposure and the expected credit loss rate throughout the duration.

B. Debt investment and other debt investments

For debt investments and other debt investments, the Company calculates expected credit losses through the default risk exposure and the expected credit loss rate within the next 12 months or throughout the duration, based on the nature of the investment and various types of counterparties and risk exposures.

② Has lower credit risk

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, the financial instrument is considered to have lower credit risk.

③Credit risk increases significantly

The Company compares the default probability of the financial instrument within the expected duration determined on the balance sheet date with the default probability within the expected duration determined at the time of initial recognition to determine the relative change in the default probability of the financial instrument during the expected duration to assess whether the credit risk of the financial instrument has increased significantly since the initial recognition.

When determining whether credit risk has increased significantly since initial recognition, the Company considers reasonable and supportable information, including forward-looking information, that is available without unnecessary additional cost or effort. Information considered by the Company includes:

A. Whether there are significant changes in internal price indicators caused by changes in credit risk;

B. Adverse changes in business, financial or economic conditions that are expected to result in significant changes in the debtor's ability to fulfill its debt repayment obligations;

C. Whether the actual or expected operating results of the debtor have significantly changed; whether the regulatory, economic or technological environment in which the debtor is located has significantly adverse changes;

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D. Whether 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 has changed significantly. These changes are expected to reduce the debtor's economic incentives to repay within the contractual period or affect the probability of default;

E. Whether there is a significant change in the economic motivation that is expected to reduce the debtor's repayment within the contract period;

F. Anticipated changes in the loan contract, including whether anticipated breaches of the contract may result in the exemption or revision of contractual obligations, the granting of interest-free periods, jumps in interest rates, requirements for additional collateral or guarantees, or other changes to the contractual framework of financial instruments;

G. Whether the debtor’s expected performance and repayment behavior have changed significantly;

H. Whether the contract payment is overdue for more than 30 days (inclusive).

Depending on the nature of the financial instrument, the Company evaluates whether the credit risk has increased significantly on the basis of a single financial instrument or a combination of financial instruments. When evaluating based on a portfolio of financial instruments, the Company may classify financial instruments based on common credit risk characteristics, such as overdue information and credit risk ratings.

Typically, the Company determines that the credit risk of a financial instrument has increased significantly if it is more than 30 days past due. Unless the company can obtain reasonable and evidence-based information without excessive cost or effort, proving that although the payment period stipulated in the contract exceeds 30 days, the credit risk has not increased significantly since the initial recognition.

④ Financial assets that have suffered credit impairment

The Company assesses whether credit impairment has occurred on financial assets measured at amortized cost and debt investments measured at fair value through other comprehensive income on the balance sheet date. 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:

The issuer or the debtor encounters significant financial difficulties; the debtor breaches the contract, such as default or overdue payment of interest or principal; the creditor grants the debtor concessions that would not be made under any other circumstances due to economic or contractual considerations related to the debtor's financial difficulties; the debtor is likely to go bankrupt or undergo other financial reorganization; the issuer or debtor's financial difficulties cause the active market for the financial asset to disappear; a financial asset is purchased or originated at a substantial discount, and the discount reflects the fact that a credit loss has occurred.

⑤ Presentation of expected credit loss provisions

In order to reflect the changes in the credit risk of financial instruments since the initial recognition, the Company re-reports the changes on each balance sheet date.

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When expected credit losses are newly measured, the resulting increase or reversal of loss provisions shall be included in current profits and losses as impairment losses or gains. For financial assets measured at amortized cost, the loss provision is deducted from the book value of the financial asset listed in the balance sheet; for debt investments measured at fair value with changes included in other comprehensive income, the company recognizes its loss provision in other comprehensive income and does not deduct the book value of the financial asset. ⑥Writing off

If the company no longer reasonably expects that the contractual cash flows of a financial asset can be fully or partially recovered, it will directly write down the book balance of the financial asset. Such a write-down constitutes the derecognition of the relevant financial asset. This situation typically occurs when the Company determines that the debtor does not have the assets or sources of income to generate sufficient cash flow to repay the amount that will be written down.

If a financial asset that has been written down is later recovered, the reversal of the impairment loss will be included in the profit and loss of the current period of recovery. (6) Transfer of financial assets

Financial asset transfer refers to the following two situations:

A. Transfer the contractual right to receive cash flows from financial assets to another party;

B. Transfer the financial asset in whole or in part to another party, but retain the contractual right to collect the cash flow from the financial asset and assume the contractual obligation to pay the collected cash flow to one or more payees.

① Termination of recognition of transferred financial assets

If substantially all the risks and rewards of ownership of a financial asset have been transferred to the transferee, or if substantially all the risks and rewards of ownership of a financial asset have neither been transferred nor retained, but control of the financial asset has been given up, the financial asset shall be derecognised.

When judging whether control of the transferred financial assets has been given up, the actual ability of the transferee to sell the financial assets is used. If the transferee can unilaterally sell the transferred financial assets as a whole to an unrelated third party, and there are no additional conditions to restrict this sale, the company has given up control of the financial assets.

When the Company determines whether the transfer of financial assets meets the conditions for derecognition of financial assets, the Company pays attention to the essence of the 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:

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A. Book value of the transferred financial assets;

B. The sum of the consideration received due to the transfer and the amount of the derecognition portion of the accumulated changes in fair value that were originally directly included in other comprehensive income (the financial assets involved in the transfer are financial assets classified as financial assets measured at fair value and their changes are included in other comprehensive income in accordance with Article 18 of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments").

If a partial transfer of a financial asset meets the conditions for derecognition, the overall book value of the transferred financial asset shall be apportioned between the derecognized part and the non-derecognized part (in this case, the retained service assets shall be deemed to be part of the continued recognition of financial assets) according to their respective relative fair values on the date of transfer, and the difference between the following two amounts shall be included in the current profit and loss:

A. The book value of the derecognized part on the date of derecognition;

B. The sum of the consideration for the derecognition part and the amount corresponding to the derecognition 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 classified as financial assets measured at fair value and their changes are included in other comprehensive income in accordance with Article 18 of "Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments").

② Continue to be involved in the transferred financial assets

If it neither transfers nor retains substantially all the risks and rewards of ownership of a financial asset, and does not give up control of the financial asset, the relevant financial assets shall be recognized to the extent of its continued involvement in the transferred financial assets, and the relevant liabilities shall be recognized accordingly.

The degree of continued involvement in the transferred financial assets refers to the degree of risk or reward that the enterprise bears from changes in the value of the transferred financial assets.

③Continue to recognize the transferred financial assets

If it still retains substantially all the risks and rewards of ownership of the transferred financial assets, the entire transferred financial assets should continue to be recognized, and the consideration received should be recognized as a financial liability.

The financial assets and the recognized related financial liabilities shall not be offset against each other. In subsequent accounting periods, the enterprise shall continue to recognize the income (or gains) generated by the financial assets and the expenses (or losses) generated by the financial liabilities. (7) Offset of financial assets and financial liabilities

Financial assets and financial liabilities shall be presented separately in the balance sheet and shall not be offset against each other. but at the same time satisfy

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

If the following conditions apply, the net amount after offsetting each other will be presented in the balance sheet:

The company has the legal right to offset the recognized amount, and such legal right is currently enforceable;

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.

For transfers of financial assets that do not meet the conditions for derecognition, the transferor shall not offset the transferred financial assets and related liabilities.

(8) Method for determining fair value of financial instruments

Please refer to Note 3.12 for the method of determining the fair value of financial assets and financial liabilities.

Fair value measurement

Fair value refers to the price that can be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.

The company measures the fair value of relevant assets or liabilities at the price in the main market. If there is no main market, the company measures the fair value of the relevant assets or liabilities at the most favorable market price. The Company adopts the assumptions used by market participants to maximize their economic interests when pricing the asset or liability.

The main market refers to the market with the largest transaction volume and the highest level of transaction activity for the relevant assets or liabilities; the most favorable market refers to the market in which the relevant assets can be sold at the highest amount or the relevant liabilities can be transferred at the lowest amount after taking into account transaction costs and transportation costs.

For financial assets or financial liabilities that have an active market, the Company determines their fair value using quotes in the active market. If there is no active market for a financial instrument, the Company uses valuation techniques to determine its fair value.

When measuring non-financial assets at fair value, the ability of market participants to use the asset for its best purpose to generate economic benefits is considered, or the ability to sell the asset to other market participants who can use it for its best purpose to generate economic benefits.

①Valuation technology

The Company adopts valuation techniques that are applicable under the current circumstances and supported by sufficient available data and other information. The valuation techniques used mainly include market method, income method and cost method. The company uses a method consistent with one or more of the valuation techniques to measure fair value. If multiple valuation techniques are used to measure fair value, each

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To determine the rationality of the valuation results, the amount that best represents the fair value under the current circumstances is selected as the fair value.

In the application of valuation techniques, the Company gives priority to the use of relevant observable input values, and only uses unobservable input values when relevant observable input values cannot be obtained or are impractical to obtain. Observable input values refer to input values that can be obtained from market data. This input reflects the assumptions used by market participants when pricing the underlying asset or liability. Unobservable input values refer to input values that cannot be obtained from market data. The input is based on the best available information about the assumptions used by market participants in pricing the underlying asset or liability.

②Fair value level

The company divides the input values used in fair value measurement into three levels, and first uses the first level input values, then uses the second level input values, and finally uses the third level input values. The first level input value is the unadjusted quoted price in an active market for the same asset or liability that can be obtained on the measurement date. The second level input value is the directly or indirectly observable input value of the relevant assets or liabilities in addition to the first level input value. Level 3 input values are unobservable input values for related assets or liabilities.

Inventory

(1) Classification of inventory

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 materials consumed in the production process or in the process of providing labor services, including raw materials, products in progress, semi-finished products, finished products, inventory goods, turnover materials, etc.

(2) Valuation method for issued inventory

The Company's inventories are valued using the weighted average method when shipped.

(3) Inventory inventory system

The company's inventory adopts a perpetual inventory system, which is counted at least once a year, and the amount of inventory gain and loss is included in the current year's profit and loss.

(4) Method of accruing inventory depreciation provisions

On the balance sheet date, the inventory is measured at the lower of cost and net realizable value. If the cost of inventory is higher than its net realizable value, the inventory shall be measured at the lower of cost and net realizable value.

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Provision for inventory depreciation is made and included in the current profit and loss.

When determining the net realizable value of inventory, it is based on the reliable evidence obtained and factors such as the purpose of holding the inventory and the impact of events after the balance sheet date are considered.

① For inventories that are directly for sale, such as finished products, commodities 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 inventories held for the execution of a sales contract or a service contract, the contract price is used as the measurement basis for its net realizable value; if the quantity of inventory held is greater than the quantity ordered in the sales contract, the excess net realizable value of the inventory is measured based on the general sales price. For materials used for sale, the market price is used as the measurement basis of their net realizable value.

② For materials inventories that need to be processed, in the normal production and operation process, the net realizable value is determined by the estimated selling price of the finished products minus the estimated costs to be incurred upon completion, estimated sales expenses and related taxes. If the net realizable value of the finished product produced by it is higher than the cost, the material is measured at cost; if the drop in material price indicates that the net realizable value of the finished product is lower than the cost, the material is measured at net realizable value, and inventory depreciation provisions are made based on the difference.

③ Inventory depreciation provisions are generally accrued on a single inventory item; for inventories with a large quantity and low unit price, they are accrued on the basis of inventory categories.

④ On the balance sheet date, 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.

(5) Amortization method of turnover materials

①Amortization method for low-value consumables: The one-time write-off method is adopted when they are used.

②Amortization method of packaging materials: The one-time write-off method is adopted when receiving the goods.

Contract assets and contract liabilities

The Company presents contract assets or contract liabilities in the balance sheet based on the relationship between performance obligations and customer payments. Consideration that the Company has a right to receive for transferring goods or providing services to a customer (and that right is dependent on factors other than the passage of time) is shown as a contract asset. The Company's obligations to transfer goods or provide services to customers for consideration received or receivable from customers are listed as contract liabilities.

Please refer to Note 3.11 for details of the Company’s determination method and accounting treatment method of expected credit losses on contract assets.

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Contract assets and contract liabilities are presented separately in the balance sheet. Contract assets and contract liabilities under the same contract are listed in a net amount. If the net amount is a debit balance, it is listed in the "contract assets" or "other non-current assets" item according to its liquidity; if the net amount is a credit balance, it is listed in the "contract liabilities" or "other non-current liabilities" item based on its liquidity. Contract assets and contract liabilities under different contracts cannot be offset against each other.

Non-current assets or asset groups held for sale

(1) Classification of non-current assets or disposal groups held for sale

The company classifies non-current assets or disposal groups that meet both the following conditions into the held-for-sale category:

① According to the practice of selling such assets or disposal groups in similar transactions, they can be sold immediately under the current conditions;

② The sale is very likely to occur, that is, the company has made a resolution on a sale plan and obtained a firm purchase commitment, and the sale is expected to be completed within one year. Relevant regulations require the company's relevant authorities or regulatory authorities to obtain approval before sale, and the approval has been obtained.

If the non-current assets or disposal groups acquired by the Company specifically for resale meet the specified conditions of "the sale is expected to be completed within one year" on the acquisition date, and are likely to meet other classification conditions for the held-for-sale category in the short term (usually 3 months), the Company will classify them as held-for-sale categories on the acquisition date.

If the company loses control of the subsidiary due to reasons such as the sale of its investment in a subsidiary, regardless of whether the company retains part of the equity investment after the sale, when the investment in the subsidiary to be sold meets the conditions for classification as held for sale, the entire investment in the subsidiary will be classified as held for sale in the parent company's individual financial statements, and all assets and liabilities of the subsidiary will be classified as held for sale in the consolidated financial statements.

(2) Measurement of non-current assets or disposal groups held for sale

The measurement of investment real estate that is subsequently measured using the fair value model, biological assets that are measured using the net amount of fair value minus selling expenses, assets formed from employee compensation, deferred income tax assets, financial assets regulated by relevant accounting standards for financial instruments, and rights arising from insurance contracts regulated by relevant accounting standards for insurance contracts are respectively applicable to other relevant accounting standards.

When initial measurement or remeasurement on the balance sheet date of a non-current asset or disposal group held for sale, if its book value is higher than the net amount of fair value minus selling expenses, the book value will be written down to the net amount of fair value minus selling expenses. The amount of the write-down is recognized as an asset impairment loss and included in the current profit and loss, and an impairment provision for assets held for sale is made at the same time. The fair value of non-current assets or disposal groups held for sale on subsequent balance sheet dates less sales expenses

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

If the net amount after use increases, the previously written-down amount will be restored and reversed within the amount of asset impairment loss recognized after being classified as held for sale, and the reversed amount will be included in the current profit and loss. The book value of goodwill that has been deducted cannot be reversed.

When a non-current asset or disposal group is no longer classified as a held-for-sale category because it no longer meets the conditions for classification into the held-for-sale category or the non-current asset is removed from the held-for-sale disposal group, it shall be measured according to the lower of the following two:

① The book value before being classified as held for sale, adjusted for the depreciation, amortization or impairment that would have been recognized if it had not been classified as held for sale;

②Recoverable amount.

(3) Determination criteria for terminating operations

Discontinued operations refer to an individually distinguishable component of the company that meets one of the following conditions, and the component has been disposed of or classified as held for sale:

① This component represents an independent main business or an independent main operating area;

② This component is part of an associated plan to dispose of an independent main business or an independent main operating area;

③This component is a subsidiary acquired exclusively for resale.

(4) Presentation

In the balance sheet, the Company presents non-current assets held for sale or assets in the disposal group held for sale separately from other assets, and liabilities in the disposal group held for sale separately from other liabilities. Non-current assets held for sale or assets in a disposal group held for sale and liabilities in a disposal group held for sale are not offset against each other and are presented as current assets and current liabilities respectively.

The company separately lists the profit and loss from continuing operations and the profit and loss from discontinued operations in the income statement. For discontinued operations reported in the current period, the company will re-present the information originally presented as profits and losses from continuing operations as profits and losses from discontinued operations in the comparable accounting period in the current financial statements. If the discontinued operations no longer meet the conditions for classification into held-for-sale categories, the company will re-present the information originally presented as profits and losses from discontinued operations as profits and losses from continuing operations in the comparable accounting period in the current financial statements.

Long-term equity investment

The company's long-term equity investments include equity investments that control and have significant influence on the investee, and

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Equity investments in joint ventures. If the company can exert significant influence on the invested unit, it is an associate of the company.

(1) Basis for determining joint control and significant influence on the invested unit

Joint control refers to the shared control over an arrangement in accordance with relevant agreements, and the relevant activities of the arrangement must be decided only with the unanimous consent of the parties sharing control rights. When determining whether joint control exists, first determine whether all participants or a combination of participants collectively control the arrangement. If all participants or a group of participants must act in concert to decide on the relevant activities of an arrangement, then all participants or a group of participants are deemed to collectively control the arrangement. Next, determine whether decisions on activities related to the arrangement must be unanimously agreed upon by the participants who collectively control the arrangement. If a combination of two or more parties can collectively control an arrangement, it does not constitute joint control. When determining whether joint control exists, the protective rights enjoyed are not taken into account.

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. When determining whether it can exert significant influence on the invested unit, the investor's direct or indirect holding of voting shares of the invested unit and the impact of the current executable potential voting rights held by the investor and other parties are assumed to be converted into equity in the invested unit, including the impact of current convertible warrants, share options and convertible corporate bonds issued by the invested unit.

When the company directly or indirectly through subsidiaries owns more than 20% (inclusive) but less than 50% of the voting shares of the invested unit, it is generally considered to have a significant impact on the invested unit. Unless there is clear evidence that it cannot participate in the production and operation decisions of the invested unit, it will not have a significant impact.

(2) Determination of initial investment cost

The investment cost of long-term equity investments formed by business mergers shall be determined in accordance with the following provisions:

A. For business mergers under the same control, if the merging party pays cash, transfers non-cash assets or assumes debts as the merger consideration, the share of the book value of the owner's equity of the merged party in the final controlling party's consolidated financial statements on the merger date shall be used as the initial investment cost of the long-term equity investment. The difference between the initial investment cost of long-term equity investment and the cash paid, non-cash assets transferred and the book value of debts assumed shall be adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings shall be adjusted;

B. In the merger of enterprises under the same control, if the merging party issues equity securities as the merger consideration, on the merger date

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

The initial investment cost of long-term equity investment shall be based on the share of the book value of the owner's equity of the merged party in the consolidated financial statements of the ultimate controlling party. The total face value of the shares issued is taken as share capital. The difference between the initial investment cost of the long-term equity investment and the total face value of the shares issued is adjusted to the capital reserve; if the capital reserve is insufficient for offset, the retained earnings are adjusted;

C. For business mergers not under the same control, the fair value of the assets paid, liabilities incurred or assumed, and equity securities issued on the acquisition date to obtain control of the purchased party is determined as the merger cost as the initial investment cost of the long-term equity investment. The merging party's intermediary fees such as auditing, legal services, evaluation and consulting, and other related management expenses incurred by the business merger shall be included in the current profit and loss when incurred.

2 Except for long-term equity investments formed through business mergers, the investment cost of long-term equity investments obtained through other means shall be determined in accordance with the following provisions:

A. For long-term equity investments obtained by paying cash, the investment cost shall be based on the actual purchase price paid. Initial investment costs include fees, taxes and other necessary expenses directly related to obtaining long-term equity investment;

B. For long-term equity investments obtained by issuing equity securities, the initial investment cost shall be the fair value of the equity securities issued;

C. For long-term equity investments obtained through the exchange of non-monetary assets, if the exchange has commercial substance and the fair value of the assets exchanged or exchanged out can be measured reliably, the fair value of the assets exchanged out and related taxes and fees will be used as the initial investment cost, and the difference between the fair value and book value of the assets exchanged out will be included in the current profit and loss; if the exchange of non-monetary assets does not meet the above two conditions at the same time, the book value of the assets exchanged out and related taxes and fees will be used as the initial investment cost.

D. For long-term equity investments obtained through debt restructuring, the book value is determined based on the fair value of the relinquished claims and taxes and other costs directly attributable to the asset, and the difference between the fair value of the relinquished claims and the book value is included in the current profit and loss.

(3) Subsequent measurement and profit and loss recognition methods

The long-term equity investment that the company can control over the investee is accounted for using the cost method; the long-term equity investment in associates and joint ventures is accounted for using the equity method.

①Cost method

For long-term equity investments accounted for using the cost method, the cost of the long-term equity investment is adjusted when the investment is added or recovered; cash dividends or profits declared by the investee to be distributed are recognized as investment income for the current period.

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②Equity method

For long-term equity investments accounted for using the equity method, the general accounting treatment is:

If the investment cost of the company's 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; if the initial investment cost of the long-term equity investment is less than the fair value share of the investee's identifiable net assets at the time of investment, the difference will be included in the current profit and loss, and the cost of the long-term equity investment will be adjusted at the same time.

The company 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; the company calculates its share of the profits or cash dividends declared by the invested unit, 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 company adjusts the book value of the long-term equity investment and includes it in the owner's equity. When confirming the share of the investee's net profits and losses, the net profit of the investee is adjusted and recognized based on the fair value of the investee's identifiable net assets when the investment is obtained. If the accounting policies and accounting periods adopted by the invested unit are inconsistent with those of the Company, the financial statements of the invested unit shall be adjusted in accordance with the Company's accounting policies and accounting periods, and investment income and other comprehensive income shall be recognized accordingly. Unrealized gains and losses from internal transactions between the Company and its associates and joint ventures are offset based on the proportion attributable to the Company, and investment gains and losses are recognized on this basis. If the unrealized internal transaction losses between the company and the investee belong to asset impairment losses, they should be recognized in full.

If the investee can exert significant influence or implement joint control due to additional investment or other reasons but does not constitute control, the sum of the fair value of the original equity investment plus the cost of the new investment shall be used as the initial investment cost to be calculated according to the equity method. If the equity investment originally held is classified as other equity instrument investment, the difference between its fair value and book value, as well as the accumulated gains or losses originally included in other comprehensive income, shall be transferred out of other comprehensive income in the current period when it is calculated according to the equity method and included in retained earnings.

If joint control or significant influence over the invested unit is lost due to disposal of part of the equity investment or other reasons, the remaining equity after disposal shall be measured at fair value, 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.

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(4) Equity investments held for sale

If all or part of equity investments in associates or joint ventures are classified as assets held for sale, please refer to Note 3.15 for the relevant accounting treatment.

For remaining equity investments that are not classified as assets held for sale, the equity method is used for accounting treatment.

If an equity investment in an associate or joint venture that has been classified as held for sale no longer meets the classification conditions for assets held for sale, it will be retrospectively adjusted using the equity method from the date it is classified as an asset held for sale. The financial statements during the period classified as held for sale are adjusted accordingly.

(5) Impairment testing method and impairment provision accrual method

For investments in subsidiaries, associates and joint ventures, please refer to Note 3.21 for the method of calculating asset impairment.

Fixed assets

Fixed assets refer to tangible assets with a high unit value that are held for the purpose of producing goods, providing labor services, renting or operating management, with a service life of more than one year.

(1) Confirmation conditions

When fixed assets meet the following conditions at the same time, they shall be recognized at the actual cost when acquired:

①The economic benefits related to the fixed asset are likely to flow into the enterprise.

②The cost of the fixed asset can be measured reliably.

Subsequent expenditures incurred on fixed assets that meet the fixed asset recognition conditions are included in the cost of the fixed assets; those that do not meet the fixed asset recognition conditions are included in the current profit and loss when incurred.

(2) Depreciation methods for various types of fixed assets

The company accrues depreciation based on the straight-line method from the month after the fixed assets reach their intended usable condition. The depreciation life and annual depreciation rate are determined based on the category of fixed assets, estimated economic useful life and estimated net residual value rate as follows:

Category Depreciation method Depreciation life (years) Salvage value rate (%) Annual depreciation rate (%) Houses and buildings Straight-line method 20-30 5.00 4.75-3.17 Machinery and equipment Straight-line method 5-10 5.00 19.00-9.50 Office and electronic equipment Straight-line method 3-5 5.00 31.67-19.00

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

Category Depreciation method Depreciation period (years) Salvage value rate (%) Annual depreciation rate (%) Transportation equipment Straight-line method 3-5 5.00 31.67-19.00 Other equipment Straight-line method 3-5 5.00 31.67-19.00

For fixed assets that have been provided for impairment, the provision for impairment of fixed assets will be deducted when calculating depreciation.

At the end of each year, the company reviews the useful life, estimated net residual value and depreciation method of fixed assets. If the estimated service life is different from the original estimate, the service life of the fixed assets shall be adjusted.

Construction in progress

(1) Construction in progress is classified and accounted for by approved projects.

(2) Standards and timing for transferring projects under construction into 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. Including construction costs, the original price of machinery and equipment, other necessary expenditures incurred to bring the project under construction to its intended usable state, as well as the borrowing costs incurred for special borrowing for the project before the asset reaches its intended usable state and the borrowing costs incurred for general borrowings occupied. The company will transfer the construction in progress to fixed assets when the project installation or construction is completed and reaches the intended usable state. Fixed assets that have been built and have reached the intended usable state but have not yet processed the final settlement of completion will be transferred to fixed assets at an estimated value based on the project budget, cost or actual cost of the project from the date they reach the intended usable state, and 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.

Borrowing costs

(1) Recognition principles and capitalization period of capitalization of borrowing costs

The borrowing costs incurred by the Company that are directly attributable to the acquisition, construction or production of assets that meet the capitalization conditions will be capitalized and included in the cost of the relevant assets when the following conditions are met at the same time:

① Asset expenditure has occurred;

②The borrowing costs have been incurred;

③The necessary purchase, construction or production activities to bring the asset to its intended usable state have begun.

Other borrowing interests, discounts or premiums and exchange differences are included in the profits and losses of the current period.

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If an asset that meets the capitalization conditions is abnormally interrupted during the acquisition, construction or production process, and the interruption lasts for more than 3 months, the capitalization of borrowing costs will be suspended.

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 will be stopped; subsequent borrowing costs will be recognized as expenses in the current period in which they are incurred.

(2) Calculation method of capitalization rate of borrowing costs and capitalization amount

If a special loan is borrowed for the purpose of purchasing, constructing or producing assets that meet the capitalization conditions, the capitalized amount of the special borrowing interest fee shall be determined as the amount of interest expense actually incurred on the special borrowing in the current period, minus the interest income obtained from depositing the unused borrowed funds in the bank or the investment income obtained from temporary investment.

If general borrowings are occupied by the acquisition, construction or production of assets that meet the capitalization conditions, the amount of interest that should be capitalized on the general borrowings shall be calculated and determined based on the weighted average of the asset disbursements that exceed the part 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.

Intangible assets

(1) Valuation method of intangible assets

Recorded at actual cost when acquired.

(2) Useful life and amortization of intangible assets

① Estimation of useful life of intangible assets with limited service life:

Item Estimated service life Basis

Land use rights 50 years Legal use rights

Determine the useful life of computer software with reference to the period that can bring economic benefits to the company: 5 years

fate

At the end of each year, the company reviews the service life and amortization method of intangible assets with limited service life. 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.

② If it is impossible to predict the period during which an intangible asset will bring economic benefits to the enterprise, it shall be regarded as an intangible asset with an indefinite useful life. For intangible assets with uncertain useful lives, the company will review the useful lives of intangible assets with uncertain useful lives at the end of each year. If the useful lives of intangible assets with uncertain useful lives are still uncertain after re-review, an impairment test will be conducted on the balance sheet date.

③Amortization of intangible assets

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

For intangible assets with limited service life, the company determines its service life when it acquires it, and uses the straight-line method to rationally amortize it within the service life. The amortization amount is included in the current profit and loss according to the benefit items or included in the cost of related assets. The specific amount that should be amortized is the amount after deducting the estimated residual value from the cost. For intangible assets for which impairment provisions have been made, the cumulative amount of impairment provisions for intangible assets that have been made shall be deducted. The residual value of an intangible asset with a limited useful life is deemed to be zero, except in the following circumstances: a third party has committed to purchase the intangible asset at the end of its useful life or the estimated residual value information can be obtained based on an active market, and the market is likely to exist at the end of the intangible asset's useful life.

Intangible assets with indefinite useful lives are not amortized. The service life of intangible assets with indefinite service life is reviewed at the end of each year. If there is evidence that the service life of the intangible asset is limited, its service life is estimated and amortized systematically and reasonably within the expected service life.

(3) Scope of R&D expenditure collection

The Company classifies various expenses directly related to the development of R&D activities as R&D expenditures, including R&D personnel salaries, direct investment expenses, depreciation expenses and long-term prepaid expenses, design expenses, equipment commissioning expenses, intangible asset amortization expenses, entrusted external research and development expenses, other expenses, etc.

(4) Specific standards for dividing the research stage and development stage of internal research and development projects

① The company regards the preparation of information and related aspects for further development activities as the research stage. Expenditures in the research stage of intangible assets are included in the current profit and loss when incurred.

② Development activities carried out after the company has completed the research phase are regarded as the development phase.

(5) Specific conditions for capitalization of expenditures during the development phase

Expenditures in the development stage can be recognized as intangible assets only when they meet the following conditions:

A. It is technically feasible to complete the intangible asset so that it can be used or sold;

B. Have the intention to complete the intangible asset and use or sell it;

C. The way 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;

D. Have sufficient technical, financial and other resource support to complete the development of the intangible asset, and have the ability to use or sell the intangible asset;

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E. The expenditures attributable to the development stage of the intangible asset can be measured reliably.

Impairment of long-term assets

The asset impairment of long-term equity investments in subsidiaries, associates and joint ventures, investment real estate, fixed assets, construction in progress, right-of-use assets, intangible assets, goodwill, etc. that are subsequently measured using the cost model (except inventories, investment real estate measured using the fair value model, deferred income tax assets, and financial assets) is determined according to the following method:

On the balance sheet date, it is judged whether there are any signs that the asset may be impaired. If there are signs of impairment, the company will estimate its recoverable amount and conduct an impairment test. Goodwill formed due to business mergers, intangible assets with indefinite useful lives and intangible assets that have not yet reached a usable state are subject to impairment testing every year regardless of whether there are signs of impairment.

The recoverable amount is determined based on the higher of the asset's fair value less disposal costs and the present value of the asset's expected future cash flows. The Company estimates the recoverable amount on the basis of a single asset; if it is difficult to estimate the recoverable amount of an individual asset, the recoverable amount of the asset group to which the asset belongs is determined based on the asset group. The identification of an asset group is based on whether the main cash inflow generated by the asset group is independent of the cash inflows of other assets or asset groups.

When the recoverable amount of an asset or asset group is lower than its book value, the company will write down its book value to the recoverable amount, and the amount of the write-down will be included in the current profit and loss, and the corresponding asset impairment provision will be made.

As far as the impairment test of goodwill is concerned, the book value of goodwill formed due to a business combination shall be allocated to the relevant asset groups in a reasonable manner from the date of purchase; if it is difficult to allocate it to the relevant asset groups, it shall be allocated to the relevant asset group combinations. The relevant asset group or asset group combination is an asset group or asset group combination that can benefit from the synergistic effects of the business combination, and is no larger than the reporting segment determined by the company.

During impairment testing, if there are signs of impairment in an asset group or combination of asset groups related to goodwill, first conduct an impairment test on the asset group or combination of asset groups that does not include goodwill, calculate the recoverable amount, and recognize the corresponding impairment loss. Then conduct an impairment test on the asset group or asset group combination containing goodwill, and compare its book value with the recoverable amount. If the recoverable amount is lower than the book value, the impairment loss of goodwill is recognized.

Once the asset impairment loss is recognized, it will not be reversed in subsequent accounting periods.

Long-term deferred expenses

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Long-term deferred expenses are calculated as 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.

Employee compensation

Employee compensation refers to various forms of remuneration or compensation given by the company to obtain services provided by employees or to terminate labor relations. Employee compensation includes short-term compensation, post-employment benefits, termination benefits and other long-term employee benefits. The benefits provided by the company to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries are also employee benefits.

Based on liquidity, employee benefits are listed in the "Employee Benefits Payable" item and the "Long-Term Employee Benefits Payable" item on the balance sheet respectively.

(1) Accounting treatment method for short-term compensation

①Basic salary of employees (wages, bonuses, allowances, subsidies)

During the accounting period when employees provide services to them, the Company recognizes actual short-term remuneration as a liability and includes it in the current profit and loss, unless other accounting standards require or allow it to be included in the cost of assets.

②Employee welfare fees

The employee welfare expenses incurred by the company are included in the current profit and loss or related asset costs according to the actual amount when they are actually incurred. If employee benefits are non-monetary benefits, they are measured at fair value.

③Medical insurance premiums, work-related injury insurance premiums, maternity insurance premiums and other social insurance premiums and housing provident funds, as well as trade union funds and employee education funds

The company pays social insurance premiums such as medical insurance premiums, work-related injury insurance premiums, maternity insurance premiums, and housing provident funds for its employees, as well as labor union funds and employee education funds withdrawn in accordance with regulations. During the accounting period when employees provide services to them, the corresponding amount of employee compensation is calculated and determined based on the prescribed accrual basis and accrual ratio, and the corresponding liabilities are recognized and included in the current profit and loss or related asset costs.

④Short-term paid absence from work

When employees provide services that increase their future paid absence rights, the company recognizes employee benefits related to accumulated paid absences and measures them based on the expected increase in payment amount due to accumulated unexercised rights. The Company recognizes employee benefits related to non-cumulative paid absences during the accounting period in which employees are actually absent.

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⑤Short-term profit sharing plan

If the profit sharing plan meets the following conditions at the same time, the company will confirm the relevant employee benefits payable:

A. The enterprise now has a legal obligation or constructive obligation to pay employee remuneration due to past events;

B. The amount of employee compensation obligations payable due to the profit sharing plan can be estimated reliably.

(2) Accounting treatment of post-employment benefits

① Set up a withdrawal plan

During the accounting period when employees provide services to them, the company recognizes the deposit amount payable calculated according to the defined contribution plan as a liability and includes it in the current profit and loss or related asset costs.

According to the defined contribution plan, if the entire amount of deposits payable is not expected to be paid within twelve months after the end of the annual reporting period in which employees provide relevant services, the company shall refer to the corresponding discount rate (determined based on the market rate of return of treasury bonds or high-quality corporate bonds in the active market that match the obligation period and currency of the defined contribution plan on the balance sheet date), and measure the entire amount of deposits payable at the discounted amount.

②Defined benefit plan

A. Determine the present value of defined benefit plan obligations and current service costs

According to the expected cumulative benefit unit method, unbiased and mutually consistent actuarial assumptions are used to estimate relevant demographic variables and financial variables, measure the obligations arising from the defined benefit plan, and determine the vesting period of the relevant obligations. The Company discounts the obligations arising from the defined benefit plan at the corresponding discount rate (determined based on the market yield of treasury bonds or high-quality corporate bonds in the active market that match the obligation term and currency of the defined benefit plan on the balance sheet date) to determine the present value of the defined benefit plan obligations and the current service cost.

B. Confirm the net liabilities or net assets of the defined benefit plan

If there are assets in the defined benefit plan, the company will recognize the deficit or surplus formed by the present value of the defined benefit plan obligations minus the fair value of the defined benefit plan assets as the net liability or net assets of a defined benefit plan.

If there is a surplus in the defined benefit plan, the company shall measure the net assets of the defined benefit plan at the lower of the surplus of the defined benefit plan and the upper asset limit.

C. Determine the amount that should be included in the asset cost or current profit and loss

Service costs include current service costs, past service costs and settlement gains or losses. Among them, except for its

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Except for the current service costs that other accounting standards require or allow to be included in the cost of assets, other service costs are included in the current profits and losses.

The net interest on the net liabilities or net assets of a defined benefit plan, including interest income on plan assets, interest expenses on defined benefit plan obligations, and interest affected by the asset ceiling, are all included in the current profit and loss.

D. Determine the amount that should be included in other comprehensive income

Changes resulting from remeasurement of the net liabilities or net assets of the defined benefit plan include:

(a) Actuarial gain or loss, that is, the increase or decrease in the present value of the previously measured defined benefit plan obligations due to actuarial assumptions and experience adjustments;

(b) Return on plan assets, net of the amount included in the net interest on the net liabilities or net assets of the defined benefit plan;

(c) Changes affecting the asset cap, less the amount included in the net interest on the net liabilities or net assets of the defined benefit plan.

The changes resulting from the above-mentioned remeasurement of the net liabilities or net assets of the defined benefit plan are directly included in other comprehensive income, and are not allowed to be transferred back to profit and loss in subsequent accounting periods. When the original defined benefit plan is terminated, the company will carry forward all the parts originally included in other comprehensive income to undistributed profits within the scope of equity.

(3) Accounting treatment method for dismissal benefits

If the company provides dismissal benefits to employees, the employee compensation liabilities arising from the dismissal benefits will be recognized at the earliest of the following two times, and included in the current profit and loss:

① When the enterprise cannot unilaterally withdraw the dismissal benefits provided by the labor relationship termination plan or layoff proposal; ② When the enterprise confirms the costs or expenses related to the restructuring involving the payment of dismissal benefits.

If the dismissal benefit is not expected to be fully paid within twelve months after the end of the annual reporting period, the dismissal benefit amount will be discounted with reference to the corresponding discount rate (determined based on the market yield of treasury bonds or high-quality corporate bonds in the active market that match the obligation period and currency of the defined benefit plan on the balance sheet date), and the employee benefits payable will be measured at the discounted amount.

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

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①Those who meet the conditions of the defined contribution plan

If the company provides other long-term employee benefits to employees that meet the conditions of the defined contribution plan, the entire payable deposit amount will be measured as the discounted amount of employee benefits payable.

②Meet the conditions for defined benefit plan

At the end of the reporting period, the company recognizes employee compensation costs arising from other long-term employee benefits as the following components:

A. Service cost;

B. Net interest on other long-term employee benefits net liabilities or net assets;

C. Changes caused by re-measurement of other long-term employee benefits net liabilities or net assets.

In order to simplify the relevant accounting treatment, the total net amount of the above items is included in the current profit and loss or related asset costs.

Estimated liabilities

(1) Recognition standards for estimated liabilities

If the obligations related to contingencies meet the following conditions at the same time, the company will recognize them as estimated liabilities: ① The obligation is a current obligation assumed by the company;

②The performance of this obligation is likely to result in the outflow of economic benefits from the company;

③The amount of the obligation can be measured reliably.

(2) Measurement method of estimated liabilities

Estimated liabilities are initially measured based on the best estimate of the expenditure required to fulfill the relevant current obligations, and factors such as risks, uncertainties, and time value of money related to contingencies are comprehensively considered. The book value of estimated liabilities is reviewed on each balance sheet date. If there is conclusive evidence that the book value cannot reflect the current best estimate, the book value will be adjusted based on the current best estimate.

Share-based payment

(1) Types of share-based payment

The Company's share-based payment includes cash-settled share-based payment and equity-settled share-based payment. (2) Method for determining the fair value of equity instruments

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① For shares granted to employees, their fair value is measured based on the market price of the company's shares, and adjusted by taking into account the terms and conditions on which the shares are granted (excluding vesting conditions other than market conditions). ② For stock options granted to employees, in many cases it is difficult to obtain the market price. If no trading options exist with similar terms and conditions, the Company selects an applicable option pricing model to estimate the fair value of the options granted.

(3) Basis for confirming the best estimate of exercisable equity instruments

On each balance sheet date during the waiting period, the company makes its best estimate based on the latest changes in the number of vested employees and other subsequent information, and corrects the number of equity instruments expected to be vested to make the best estimate of the vested equity instruments.

(4) Accounting treatment for the implementation of share-based payment plans

cash-settled share-based payment

① For cash-settled share-based payments that become exercisable immediately after grant, the fair value of the liability assumed by the company on the grant date will be included in the relevant costs or expenses, and the liability will increase accordingly. The fair value of the liability is remeasured on each balance sheet date and settlement date before settlement, and the changes are included in profit and loss.

② For cash-settled share-based payments that are exercisable only after 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 vesting situation and the fair value of the liability borne by the company, the services obtained in the current period are included in costs or expenses and corresponding liabilities.

Equity-settled share-based payment

① Equity-settled share-based payments that are exercisable immediately after grant in exchange for employee services will be included in the relevant costs or expenses at the fair value of the equity instrument on the date of grant, and the capital reserve will be increased accordingly.

② For equity-settled share-based payments that are exercisable in exchange for employee services after completing services within the waiting period or reaching specified performance conditions, on each balance sheet date during the waiting period, based on the best estimate of the number of exercisable equity instruments and the fair value on the date of grant of the equity instrument, the services obtained in the current period are included in costs or expenses and capital reserves.

(5) Accounting treatment for modifications to share-based payment plans

When the company modifies the share-based payment plan, if the modification increases the fair value of the equity instruments granted, the increase in services obtained shall be recognized accordingly according to the increase in the fair value of the equity instruments; if the modification increases the number of equity instruments granted, the fair value of the increased equity instruments shall be recognized accordingly as an increase in services obtained. equity worker

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The increase in fair value refers to the difference between the fair values of the equity instruments before and after the modification on the modification date. If the modification reduces the total fair value of the share-based payment or modifies the terms and conditions of the share-based payment plan in other ways that are unfavorable to employees, the accounting treatment for the services obtained will continue, as if the change has never occurred, unless the company cancels some or all of the equity instruments that have been granted.

(6) Accounting treatment for termination of share-based payment plan

If the granted equity instruments are canceled or settled during the waiting period (except those canceled due to failure to meet vesting conditions), the company:

① Treat cancellation or settlement as accelerated vesting, and immediately confirm the amount that should have been confirmed within the remaining waiting period;

② All payments to employees upon cancellation or settlement are treated as equity repurchases. The amount paid for repurchase that is higher than the fair value of the equity instrument on the repurchase date shall be included in the current expenses.

If the company repurchases an equity instrument that has been exercised by its employees, it will offset the owner's equity of the enterprise; the part of the repurchase payment that is higher than the fair value of the equity instrument on the repurchase date shall be included in the current profit and loss.

Revenue recognition principles and measurement methods

(1) General principles

Income is the total inflow of economic benefits generated by the company in its daily activities that will lead to an increase in shareholders' equity and have nothing to do with the capital invested by shareholders.

The company fulfills its performance obligations in the contract, that is, when the customer obtains control of the relevant goods, revenue is recognized. Obtaining control over relevant goods means being able to direct the use of the goods and obtain almost all economic benefits from them.

If the contract contains two or more performance obligations, the Company will allocate the transaction price to each individual performance obligation based on the relative proportion of the stand-alone selling price of the goods or services promised by each individual performance obligation on the contract commencement date, and measure revenue based on the transaction price allocated to each individual performance obligation.

The transaction price is the amount of consideration that the Company expects to be entitled to receive for transferring goods or services to the customer, excluding payments received on behalf of third parties. When determining the contract transaction price, if there is variable consideration, the company determines the best estimate of the variable consideration based on the expected value or the most likely amount, and includes it in the transaction price at an amount that does not exceed the amount that is unlikely to significantly reverse the cumulative recognized revenue when the relevant uncertainty is eliminated. If there is any material issue in the contract

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For the financing component, the company will determine the transaction price based on the amount payable in cash by the customer when it obtains control of the product. The difference between the transaction price and the contract consideration will be amortized using the effective interest method during the contract period. If the interval between the transfer of control and the customer's payment does not exceed one year, the company will not consider the financing component.

If one of the following conditions is met, the performance obligation is performed within a certain period of time; otherwise, the performance obligation is performed at a certain point in time:

① When the company performs the contract, the customer obtains and consumes the economic benefits brought by the company's performance;

②The customer can control the goods under construction during the company's performance of the contract;

③The goods produced by the company during the performance of the contract have irreplaceable uses, and the company has the right to collect payment for the cumulative performance part that has been completed so far during the entire contract period.

For performance obligations performed within a certain period of time, the Company will recognize revenue based on the performance progress during that period, except where the performance progress cannot be reasonably determined. The Company determines the performance progress of services provided according to the input method (or output method). When the progress of contract performance cannot be reasonably determined, if the costs incurred by the company are expected to be compensated, revenue will be recognized based on the amount of costs incurred until the progress of contract performance can be reasonably determined.

For performance obligations fulfilled at a certain point in time, the Company recognizes revenue at the point when the customer obtains control of the relevant goods. When judging whether the customer has obtained control of the goods or services, the company will consider the following signs:

① The company has the current right to receive payment for the goods or services, that is, the customer has current payment obligations for the goods;

② The company has transferred the legal ownership of the product to the customer, which means the customer already has the legal ownership of the product;

③The company has transferred the physical goods of the goods to the customer, that is, the customer has physical possession of the goods;

④ The company has transferred the main risks and rewards of ownership of the commodity to the customer, that is, the customer has obtained the main risks and rewards of ownership of the commodity;

⑤The customer has accepted the product.

A. Sales return terms

For sales with a sales return clause, when the customer obtains control of the relevant goods, the company will recognize revenue based on the amount of consideration that the customer is entitled to receive for transferring the goods to the customer, and the amount expected to be refunded due to sales returns.

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Confirmed as an estimated liability; at the same time, the balance after deducting the estimated cost of recovering the goods (including the value impairment of the returned goods) based on the book value of the goods expected to be returned when the goods are transferred (including the value impairment of the returned goods) is recognized as an asset, that is, the return cost receivable. According to the book value of the transferred goods at the time of transfer, the net carry-over cost of the above asset costs is deducted. On each balance sheet date, the company re-estimates future sales returns and re-measures the above assets and liabilities.

B. Warranty obligations

In accordance with contract stipulations, legal regulations, etc., the company provides quality assurance for the products sold and the projects constructed. For guarantee-type quality assurance to ensure that the goods sold meet established standards, the Company conducts accounting treatment in accordance with "Accounting Standards for Business Enterprises No. 13 - Contingencies". For service-type quality assurance that provides a separate service to customers in addition to ensuring that the goods sold meet established standards, the company treats it as a single performance obligation and allocates part of the transaction price to the service-type quality assurance based on the relative proportion of the separate selling price of the goods and service-type quality assurance provided, and recognizes revenue when the customer obtains control of the service. When assessing whether a quality guarantee provides a separate service to customers beyond the assurance that the goods sold meet established standards, the Company considers factors such as whether the quality guarantee is a statutory requirement, the duration of the quality guarantee and the nature of the tasks to which the Company undertakes to perform. C. Main responsible person and agent

The Company determines whether the Company is the principal or agent when engaging in transactions based on whether it has control over the goods or services before transferring them to the customer. If the company is able to control the goods or services before transferring them to the customer, the company is the primary responsible person and recognizes revenue based on the total amount of consideration received or receivable. Otherwise, the company acts as an agent and recognizes revenue based on the amount of commissions or fees that it is expected to be entitled to receive. This amount should be determined based on the net amount of the total consideration received or receivable after deducting the price payable to other related parties, or based on the established commission amount or ratio.

D. Consideration payable to customers

If there is consideration payable to customers in the contract, unless the consideration is for obtaining other clearly distinguishable goods or services from customers, the company will offset the consideration payable from the transaction price, and offset the current revenue at the later of the recognition of relevant income and the payment (or commitment to pay) of the customer consideration.

E. Customer’s unexercised contractual rights

If the company receives payment in advance from customers for the sale of goods or services, it will first recognize the payment as a liability and then convert it into revenue when the relevant performance obligations are fulfilled. When the Company's advance payment does not need to be returned and the customer may give up all

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or part of the contract rights, if the company expects to be entitled to the amount related to the contract rights given up by the customer, the above amount will be recognized as revenue in proportion according to the customer's mode of exercising the contract rights; otherwise, the company will only convert the relevant balance of the above liabilities into revenue when the possibility of the customer's request to perform the remaining performance obligations is extremely low.

(2) Specific methods

The specific method of revenue recognition of the Company is as follows:

①Commodity sales contract

The sales contract between the Company and the customer includes the performance obligation to transfer the goods, which is a performance obligation to be performed at a certain point in time.

Recognition of revenue from domestically sold products must meet the following conditions: the company has delivered the product to the customer in accordance with the contract and the customer has accepted the product, the payment has been recovered or the payment receipt has been obtained and the relevant consideration is likely to be recovered, the main risks and rewards of the ownership of the product have been transferred, and the legal ownership of the product has been transferred;

The recognition of revenue from exported products must meet the following conditions: the company has declared the products to customs in accordance with the contract, obtained the bill of lading, has recovered the payment or obtained a receipt voucher and the relevant consideration is likely to be recovered, the main risks and rewards of the ownership of the goods have been transferred, and the legal ownership of the goods has been transferred.

②Provide service contract

Revenue is recognized after the labor or services provided have been confirmed by the customer.

Government subsidies

(1) Confirmation of government subsidies

Government subsidies can only be confirmed if they meet the following conditions at the same time:

① The company can meet the conditions attached to the government subsidy;

②The company can receive government subsidies.

(2) Measurement of government subsidies

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 of 1 yuan.

(3) Accounting treatment of government subsidies

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①Government subsidies related to assets

Government subsidies obtained by the company for the purchase, construction or other formation of long-term assets are classified as asset-related government subsidies. Government subsidies related to assets are recognized as deferred income and are included in profits and losses in installments according to a reasonable and systematic method during the use period of the relevant assets. Government subsidies measured according to the nominal amount are directly included in the current profit and loss. If the relevant assets are sold, transferred, scrapped or damaged before the end of their useful life, the undistributed balance of relevant deferred income will be transferred to the profit and loss of the current period of asset disposal.

②Government subsidies related to income

Government subsidies other than asset-related government subsidies are classified as income-related government subsidies. Government subsidies related to income shall be accounted for in accordance with the following provisions on a case-by-case basis:

If it is used to compensate the company for relevant costs or losses in subsequent periods, it will be recognized as deferred income, and will be included in the current profit and loss during the period when the relevant costs or losses are recognized;

If it is used to compensate for the relevant costs or losses incurred by the company, it will be directly included in the current profit and loss.

For government subsidies that contain both asset-related parts and income-related parts, different parts shall be distinguished and accounted for separately; if it is difficult to distinguish, the whole shall be classified as income-related government subsidies.

Government subsidies related to the company's daily activities are included in other income based on the economic and business essence. Government subsidies that are not related to the company's daily activities are included in non-operating income and expenses.

③Policy preferential loan interest discounts

The finance department will allocate interest discount funds to the lending bank, and the lending bank will provide loans to the company at a policy preferential interest rate. The actual loan amount received will be used as the entry value of the loan, and the relevant borrowing costs will be calculated based on the loan principal and the policy preferential interest rate.

The finance department will directly allocate interest discount funds to the company, and the company will use the corresponding interest discount to offset related borrowing costs. ④Refund of government subsidies

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; in other cases, it is directly included in the current profit and loss.

Deferred tax assets and deferred tax liabilities

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The Company usually uses the balance sheet debt method to recognize and measure the impact of taxable temporary differences or deductible temporary differences on income tax as deferred income tax liabilities or deferred income tax assets based on the temporary differences between the book values and tax bases of assets and liabilities on the balance sheet date. The Company does not discount deferred income tax assets and deferred income tax liabilities.

(1) Recognition of deferred income tax assets

For deductible temporary differences, deductible losses and tax credits that can be carried forward to future years, the impact on income tax is calculated based on the income tax rate during the expected reversal period, and the impact is recognized as deferred income tax assets, but only to the extent that the company is likely to obtain future taxable income that can be used to offset the deductible temporary differences, deductible losses and tax credits.

The impact of deductible temporary differences on income tax arising from the initial recognition of assets or liabilities in transactions or events with the following characteristics is not recognized as deferred income tax assets:

A. The transaction is not a business combination;

B. When the transaction occurs, it neither affects accounting profits nor taxable income (or deductible losses).

However, this exemption from the initial recognition of deferred income tax liabilities and deferred income tax assets does not apply to a single transaction that meets the above two conditions at the same time and whose initial recognition of assets and liabilities results in equal amounts of taxable temporary differences and deductible temporary differences. For the taxable temporary differences and deductible temporary differences arising from the initial recognition of assets and liabilities in this transaction, the company recognizes the corresponding deferred income tax liabilities and deferred income tax assets respectively when the transaction occurs.

If the company's deductible temporary differences related to investments in subsidiaries, associates and joint ventures meet the following two conditions, the amount of its impact on income tax will be recognized as deferred income tax assets:

A. The temporary difference is likely to reverse in the foreseeable future;

B. It is likely to obtain taxable income in the future that can be used to offset the deductible temporary differences;

On the balance sheet date, if there is conclusive evidence that sufficient taxable income is likely to be obtained in the future period to offset the deductible temporary differences, deferred income tax assets that have not been recognized in previous periods will be recognized.

On the balance sheet date, the Company reviews the book value of deferred income tax assets. If it is probable that sufficient taxable income will not be available in future periods to offset the benefits of deferred tax assets, the carrying amount of the deferred tax assets will be reduced. The amount of the write-down is reversed when it is probable that sufficient taxable income will be obtained.

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(2) Recognition of deferred income tax liabilities

All taxable temporary differences of the Company are measured to have an impact on income tax at the income tax rate expected to be reversed during the period, and the impact is recognized as deferred income tax liabilities, except for the following circumstances:

①The impact on income tax of taxable temporary differences arising from the following transactions or events is not recognized as deferred income tax liabilities:

A. Initial recognition of goodwill;

B. Initial recognition of assets or liabilities arising from a transaction with the following characteristics: the transaction is not a business combination, and when the transaction occurs, it neither affects accounting profits nor taxable income or deductible losses.

② The Company generally recognizes the taxable temporary differences related to investments in subsidiaries, joint ventures and associates, and their impact on income tax as deferred income tax liabilities, unless the following two conditions are met at the same time:

A. The company can control the time when temporary differences are reversed;

B. The temporary difference is likely not to be reversed in the foreseeable future.

(3) Recognition of deferred income tax liabilities or assets involved in specific transactions or events

① Deferred income tax liabilities or assets related to business combinations

For taxable temporary differences or deductible temporary differences arising from business combinations not under common control, while deferred income tax liabilities or deferred income tax assets are recognized, the related deferred income tax expenses (or income) are usually adjusted to the goodwill recognized in the business combination.

②Items directly included in owners’ equity

Current income taxes and deferred income taxes related to transactions or events that are directly included in owners' equity are included in owners' equity. Transactions or events that have the impact of temporary differences on income tax included in owners' equity include: other comprehensive income resulting from changes in the fair value of other debt investments, changes in accounting policies that adopt the retrospective adjustment method or the correction of differences in previous (important) accounting errors, the retrospective restatement method to adjust opening retained earnings, mixed financial instruments that contain both liability components and equity components are included in owners' equity at the time of initial recognition, etc.

③Can make up for losses and tax deductions

A. Recoverable losses and tax deductions generated by the company’s own operations

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Deductible losses refer to losses calculated and determined in accordance with tax laws and allowed to be made up with taxable income in subsequent years. Uncovered losses (deductible losses) and tax credits that can be carried forward to future years in accordance with tax laws are treated as deductible temporary differences. When it is expected that sufficient taxable income will be obtained in the future period in which recoverable losses or tax credits can be utilized, the corresponding deferred income tax assets will be recognized to the extent of the taxable income that is likely to be obtained, and the income tax expense in the current period's income statement will be reduced at the same time.

B. Compensable uncompensated losses of the merged enterprise resulting from business mergers

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

④Temporary differences resulting from merger elimination

When the company prepares the consolidated financial statements, if there is a temporary difference between the book value of assets and liabilities in the consolidated balance sheet and the tax basis of the tax entity to which it belongs due to offsetting unrealized internal sales gains and losses, deferred income tax assets or deferred income tax liabilities will be recognized in the consolidated balance sheet, and the income tax expenses in the consolidated income statement will be adjusted at the same time, except for deferred income taxes related to transactions or events directly included in owner's equity and business mergers.

⑤ Equity-settled share-based payment

If the tax law stipulates that expenses related to share-based payment are allowed to be deducted before tax, during the period when costs and expenses are recognized in accordance with accounting standards, the company will calculate and determine the tax base and the resulting temporary differences based on the information obtained at the end of the accounting period to estimate the amount that can be deducted before tax. If the recognition conditions are met, the relevant deferred income tax will be recognized. Among them, if the amount that is expected to be deducted before tax in the future exceeds the costs and expenses related to share-based payment recognized in accordance with accounting standards, the excess income tax impact should be directly included in the owner's equity.

⑥Dividends related to financial instruments classified as equity instruments

For financial instruments classified as equity instruments by the company as the issuer, the relevant dividend payments are deducted before corporate income tax in accordance with the relevant provisions of tax policies. When the company recognizes the dividend payable, it recognizes the income tax impact related to the dividend. For profits distributed from transactions or events that previously generated gains and losses, the income tax implications of the dividends

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

The impact of the dividend is included in the current profit and loss; for the distributed profits derived from transactions or events previously recognized in the owner's equity, the income tax impact of the dividend is included in the owner's equity item.

(4) Basis for presenting deferred income tax assets and deferred income tax liabilities on a net basis

When the company meets the following conditions at the same time, the deferred income tax assets and deferred income tax liabilities will be presented as the net amount after offsetting:

① The company has the legal right to settle current income tax assets and current income tax liabilities on a net basis;

② Deferred income tax assets and deferred income tax liabilities are related to the income tax levied by the same tax collection and administration department on the same taxable entity or to different taxable entities. However, in each future period when important deferred income tax assets and deferred income tax liabilities are reversed, the taxable entity involved intends to settle the current income tax assets and liabilities with a net amount or to obtain assets and pay off liabilities at the same time.

Leasing

(1) Identification of lease

On the contract inception date, the Company evaluates whether the contract is a lease or contains a lease. If a party in the contract transfers the right to control the use of one or more identified assets for a certain period in exchange for consideration, the contract is a lease or contains a lease. In order to determine whether the contract transfers the right to control the use of the identified assets within a certain period, the Company evaluates whether the customer in the contract has the right to obtain substantially all the economic benefits generated from the use of the identified assets during the use period, and has the right to direct the use of the identified assets during the use period.

(2) Identification of separate leases

If the contract contains multiple separate leases at the same time, the company will split the contract and conduct accounting treatment for each separate lease. The right to use an identified asset constitutes a separate lease in the contract if the following conditions are met at the same time: ① The lessee can profit from using the asset alone or using it together with other easily available resources; ② The asset is not highly dependent or highly related to other assets in the contract.

(3) The company’s accounting treatment method as a lessee

On the start date of the lease period, the Company identifies leases with a lease term of no more than 12 months and that do not include a purchase option as short-term leases; leases with a low value when a single leased asset is a new asset are identified as low-value asset leases. If the company subleases or anticipates subletting a leased asset, the original lease will not be recognized as a low-value asset lease.

For all short-term leases and low-value asset leases, the Company will calculate

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

Lease payments are included in the cost of related assets or current profits and losses.

In addition to the above-mentioned short-term leases and low-value asset leases that adopt simplified treatment, the company recognizes right-of-use assets and lease liabilities for leases on the start date of the lease period.

①Right-of-use assets

Right-of-use assets refer to the lessee’s right to use the leased assets during the lease term.

On the commencement date of the lease term, the right-of-use asset is initially measured at cost. This cost 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;

• Initial direct costs incurred by the lessee;

• The costs that the lessee expects to incur to dismantle and remove the leased asset, restore the site where the leased asset is located, or restore the leased asset to the state agreed upon in the lease terms. The Company recognizes and measures this cost in accordance with the recognition standards and measurement methods of estimated liabilities. Please see Note III. 24 for details. The aforementioned costs incurred for the production of inventory will be included in the inventory cost.

Depreciation of right-of-use assets is calculated using the straight-line method. For those who can reasonably determine that the ownership of the leased asset will be obtained when the lease term expires, the depreciation rate will be determined based on the right-of-use asset category and the expected net residual value rate within the estimated remaining useful life of the leased asset; for those who cannot reasonably be sure that the ownership of the leased asset will be obtained when the lease term expires, the depreciation rate will be determined based on the right-of-use asset category during the shorter of the lease term and the remaining useful life of the leased asset.

The depreciation methods, depreciation years, residual value rates and annual depreciation rates of various right-of-use assets are as follows:

Category Depreciation method Depreciation period (years) Residual value rate (%) Annual depreciation rate (%) Houses and buildings Straight-line method Lease period

— —

②Lease liabilities

Lease liabilities should be initially measured based on the present value of the unpaid lease payments at the beginning of the lease term. Lease payments include the following five items:

• From the fixed payment amount and the actual fixed payment amount, if there is a lease incentive, the amount related to the lease incentive will be deducted;

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

• variable lease payments that depend on an index or rate;

• The exercise price of the purchase option if the lessee is reasonably certain that it will exercise the option;

• Amounts payable upon exercise of the lease termination option if the lease term reflects the lessee's exercise of the lease termination option;

• Expected payments based on the guaranteed residual value provided by the lessee.

When calculating the present value of lease payments, the interest rate implicit in the lease is used 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. The difference between the lease payment and its present value is regarded as an unrecognized financing expense, and the interest expense is recognized at the discount rate used to confirm the present value of the lease payment during each period of the lease term, and is included in the current profit and loss. Variable lease payments that are not included in the measurement of lease liabilities are included in the current profit and loss when they actually occur.

After the start date of the lease period, when the actual fixed payment amount changes, the expected amount payable of the guaranteed residual value changes, the index or ratio used to determine the lease payment amount changes, the evaluation results or actual exercise of the purchase option, lease renewal option or termination option change, the company remeasures the lease liability according to the present value of the changed lease payment amount, and adjusts the book value of the right-of-use asset accordingly.

(4) The company’s accounting treatment method as a lessor

On the lease commencement date, the Company classifies leases that substantially transfer almost all risks and rewards related to the ownership of the leased assets as finance leases, and other leases as operating leases.

①Operating lease

The company recognizes the lease receipts as rental income according to the straight-line method in each period during the lease period. The initial direct expenses incurred are capitalized and amortized on the same basis as the rental income recognition, and included in the current profit and loss in installments. Variable lease payments obtained by the Company related to operating leases that are not included in the lease receipts are included in the current profit and loss when they actually occur.

②Financial lease

On the start date of the lease, the Company recognizes the financial lease receivables based on the net lease investment (the sum of the unguaranteed residual value and the present value of the lease payments not yet received on the start date of the lease discounted at the interest rate implicit in the lease), and terminates the recognition of financial lease assets. During each period of the lease term, the Company calculates and recognizes interest income based on the interest rate implicit in the lease. Variable lease payments obtained by the Company that are not included in the measurement of net lease investment are included in the current period when they actually occur.

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

Profit and loss.

(5) Accounting treatment of lease changes

① Lease change as a separate lease

If the lease changes and the following conditions are met at the same time, the company will account for the lease change as a separate lease: A. The lease change expands the scope of the lease by increasing the right to use one or more leased assets; B. The increased consideration is equivalent to the amount of the individual price of the expanded part of the lease scope adjusted according to the conditions of the contract. ②The lease change is not treated as a separate lease

A. The company serves as the lessee

On the effective date of the lease change, the Company re-determines the lease term and uses the revised discount rate to discount the changed lease payments to re-measure the lease liability. When calculating the present value of lease payments after the change, the interest rate implicit in the lease during the remaining lease period is used as the discount rate; if the interest rate implicit in the lease during the remaining lease period cannot be determined, the incremental borrowing rate on the effective date of the lease change is used as the discount rate.

Regarding the impact of the above lease liability adjustment, accounting treatment is carried out according to the following situations:

If the lease change results in a reduction in the scope of the lease or a shortening of the lease period, the book value of the right-of-use asset will be reduced.

•

and include the gains or losses related to the partial or complete termination of the lease into the current profits and losses;

For other lease changes, the book value of the right-of-use assets will be adjusted accordingly.

•

B. The company acts as the lessor

If an operating lease changes, the Company will account for it as a new lease from the effective date of the change, and the amount of lease receipts received in advance or receivable related to the lease before the change is regarded as the amount of receipts from the new lease.

If the change in the financial lease is not accounted for as a separate lease, the company will treat the changed lease under the following circumstances: If the lease change takes effect on the lease commencement date, the lease will be classified as an operating lease, and the company will treat it as an operating lease from the effective date of the lease change. New leases are accounted for, and the net lease investment before the effective date of the lease change is used as the book value of the leased asset; if the lease change takes effect on the lease start date, the lease will be classified as a finance lease, and the company will conduct accounting treatment in accordance with the regulations on modifying or renegotiating the contract.

(6) Sale and leaseback

In accordance with the provisions of Note 3.26, the Company evaluates and determines whether the asset transfer in the sale and leaseback transaction is classified as a sale.

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

for sale.

1 The company serves as the seller (lessee)

If the asset transfer in a sale and leaseback transaction does not constitute a sale, the company will continue to recognize the transferred assets, and at the same time recognize a financial liability equal to the transfer income, and perform accounting treatment on the financial liability in accordance with Note 3.11. If the asset transfer is a sale, the company measures the right-of-use assets formed by the sale and leaseback based on the portion of the original asset's book value related to the right-of-use obtained through the leaseback, and only recognizes relevant gains or losses for the rights transferred to the lessor.

2 The company acts as the buyer (lessor)

If the asset transfer in a sale and leaseback transaction does not constitute a sale, the company does not recognize the transferred asset, but recognizes a financial asset equal to the transfer income, and performs accounting treatment on the financial asset in accordance with Note 3.11. If the asset transfer is a sale, the company will account for the asset purchase and account for the asset leasing in accordance with other applicable business accounting standards.

Changes in important accounting policies and accounting estimates

(1) Changes in important accounting policies

In December 2025, the Ministry of Finance promulgated the Interpretation of Accounting Standards for Business Enterprises No. 19 No. "," which stipulates "About the accounting treatment of compensating assets in business combinations not under common control", "About the accounting treatment of relevant capital reserves when disposing of subsidiaries originally acquired through business combinations under common control", "About the derecognition of financial liabilities settled using electronic payment systems", "About the assessment and related disclosure of contractual cash flow characteristics of financial assets" and "About disclosure of equity instruments designated as measured at fair value with changes included in other comprehensive income". The interpretation stipulates that it will be effective from January 1, 2026 Effective from today. The company will implement the provisions of the "Interpretation No. 19 of Accounting Standards for Business Enterprises" from January 1, 2026. The implementation of the relevant provisions of "Interpretation No. 19 of Accounting Standards for Business Enterprises" will have no significant impact on the company's financial statements during the reporting period.

In June 2026, the Ministry of Finance promulgated the "Interpretation No. 20 of Accounting Standards for Business Enterprises", which stipulates the relevant content of "Evaluation of Contractual Cash Flow Characteristics of Financial Assets" and "Accounting Treatment and Related Disclosures when Currency Lack of Convertibility". This interpretation will be effective from the date of issuance. The company will implement the provisions of the "Interpretation No. 20 of Accounting Standards for Business Enterprises" from January 1, 2026. The implementation of the relevant provisions of "Interpretation No. 20 of Accounting Standards for Business Enterprises" will have no significant impact on the company's financial statements during the reporting period.

(2) Changes in important accounting estimates

17093

Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report During the reporting period, the company had no significant changes in accounting estimates.

4. Taxes

Main tax types and tax rates

Tax type Tax basis Tax rate Value-added tax Taxable sales 13% Corporate income tax Taxable income 15%, 25% urban maintenance and construction tax Turnover tax payable 5%, 7% Education surcharge Turnover tax payable 3% Local education surcharge Turnover tax payable 2%

The company and its subsidiaries have different corporate income tax rates:

Name of taxpayer Income tax rate Jinfu Technology Co., Ltd. 15% Hunan Jinfu Packaging Co., Ltd. 25% Qianxi County Jinfu Packaging Products Co., Ltd. 25% Guilin Xiangzhao Technology Co., Ltd. 15% Sichuan Jinfu Packaging Co., Ltd. 25% Guangdong Jinfu Intelligent Manufacturing Technology Co., Ltd. 25% Shenzhen Xinglitu Technology Co., Ltd. 25% Dongguan Jinfu South China Intelligent Manufacturing Co., Ltd. 25% Foshan Zhuohui Metal Products Co., Ltd. 25% Foshan Lianyi Thermal Energy Technology Co., Ltd. 15%

Tax incentives

The company has been re-identified as a high-tech enterprise on December 19, 2025. The certificate number is: GR202544006614, which is valid for three years. According to the relevant provisions of the national high-tech enterprise income tax preferential policies, corporate income tax is levied at a rate of 15% from 2025 to 2027.

According to the Caishuifa (2020) No. 23 "Announcement on the Continuation of the Corporate Income Tax Policy for the Development of the Western Region" issued by the Ministry of Finance, the State Administration of Taxation, and the National Development and Reform Commission, the subsidiary Xiangzhao Technology will levy corporate income tax at a reduced rate of 15% for enterprises in encouraged industries located in the western region from January 1, 2021 to December 31, 2030.

The subsidiary Foshan Lianyi passed the high-tech enterprise certification for the first time on December 19, 2025. The certificate number is: GR202544008503, which is valid for three years. According to the relevant provisions of the national high-tech enterprise income tax preferential policies, corporate income tax is levied at a rate of 15% from 2025 to 2027.

5. Notes on Consolidated Financial Statement Items

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

Monetary funds

Project June 30, 2026 December 31, 2025

Cash on hand 91,602.06 53,467.13 Bank deposits 240,046,378.76 298,689,193.70 Other monetary funds 4,103,954.96 11,307,010.81

Total 244,241,935.78 310,049,671.64 Including: total amount deposited abroad

— —

At the end of June 2026, 4,103,954.96 yuan of monetary funds were restricted due to the use of letter of credit margin. Except for this, there are no other amounts in the monetary funds at the end of the period that have restrictions on use and potential recovery risks due to mortgages, pledges or freezes.

Notes receivable

(1) Classified listing

June 30, 2026 December 31, 2025

bad debt bad debt

Type

Book balance Book value Book balance Book value

prepare prepare

Bank acceptance bill 2,148,003.91 — 2,148,003.91 3,693,073.43 — 3,693,073.43 Commercial acceptance bill

— — — — — —Total 2,148,003.91 — 2,148,003.913,693,073.43 — 3,693,073.43

(2) At the end of the period, the company had no pledged notes receivable.

(3) At the end of the period, the company has no notes receivable that have been endorsed or discounted but have not yet matured.

(4) At the end of the period, the company had no bills that were transferred to accounts receivable due to the drawer's failure to perform the contract.

(5) There are no notes receivable with provision for bad debts in this period.

(6) There are no bills receivable actually written off in this period.

Accounts receivable

(1) Disclosure based on aging

Aging June 30, 2026 Within 1 year on December 31, 2025 582,419,993.23 133,987,738.04 1 to 2 years 1,307,824.99

581.35 2 to 3 years 637,833.20

649.55 More than 3 years 496,770.09 208,269.30

Subtotal 584,862,421.51 134,197,238.24 Less: provision for bad debts 30,067,468.89 6,908,039.12

17095

Total 2026 semi-annual financial report of Jinfu Technology Co., Ltd. 554,794,952.62 127,289,199.12 (2) Classified disclosure based on bad debt accrual method

June 30, 2026

Book balance Bad debt provision

provision ratio

Category

book value

Amount Ratio (%) Amount Example (%)

Provision for bad debts on an individual basis

— — — — — Provision for bad debts based on portfolio 584,862,421.51 100.00 30,067,468.89 5.14 554,794,952.62 1. Portfolio 1: Consolidated scope of receivables

Related party customers within the scope — — — — — 2. Portfolio 2: Receivables from other customers

584,862,421.51 100.00 30,067,468.89 5.14 554,794,952.62 households

Total 584,862,421.51 100.00 30,067,468.89 5.14 554,794,952.62

(Continued from above table)

December 31, 2025

Book balance Bad debt provision

Provision ratio

Category

Example Book value amount Ratio (%) Amount

(%)

Provision for bad debts on an individual basis

— — — — — Provision for bad debts based on portfolio 134,197,238.24 100.00 6,908,039.12 5.15 127,289,199.12 1. Portfolio 1: Consolidated scope of receivables

Related party customers within the scope — — — — — 2. Portfolio 2: Receivables from other customers

134,197,238.24 100.00 6,908,039.12 5.15 127,289,199.12 households

Total 134,197,238.24 100.00 6,908,039.12 5.15 127,289,199.12 Specific instructions for bad debt provision:

①On June 30, 2026, and December 31, 2025, the Company did not make provision for bad debts on an individual basis.

② As of June 30, 2026, and December 31, 2025, the Company had no accounts receivable for which bad debt provisions were made for related party customers within the scope of combination 1 receivables.

③On June 30, 2026 and December 31, 2025, the company’s accounts receivable for which bad debt provisions are made from other customers according to Portfolio 2 are as follows:

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

June 30, 2026 December 31, 2025

accrual ratio accrual ratio

Example account aging example

Book balance Provision for bad debts Book balance Provision for bad debts (% (%)

) Within 1 year 582,419,993.23 29,120,999.70 5.00 133,987,738.04 6,699,386.90 5.00 1-2 years 1,307,824.99 130,782.50 10.00 581.35 58.14 10.00 2-3 years 637,833.20 318,916.60 50.00 649.55 324.78 50.00 More than 3 years 496,770.09 496,770.09 100.00 208,269.30 208,269.30 100.00 Total 584,862,421.51 30,067,468.89 5.14 134,197,238.24 6,908,039.12 5.15 Please refer to Note 3.11 for the confirmation standards and explanation of bad debt provisions on a group basis.

(3) Changes in bad debt provisions

2025 Amount of changes in the current period 2026 category

December 31 Provision Recovery or reversal Write-off or write-off Consolidated increase June 30

Provision for bad debts 6,908,039.12 10,193,546 12,965,883.38 30,067,468.89 — —

.39

(4) There are no accounts receivable actually written off in this period.

(5) Accounts receivable with top five closing balances by debtors

Accounting for the closing balance of accounts receivable

Proportion of the total bad debt allowance of accounts receivable

Unit name Closing balance of accounts receivable Closing balance of provisions

(%)

First place 154,470,276.46 26.41 7,723,513.83 Second place 135,716,344.35 23.20 6,786,570.91 Third place 109,920,616.54 18.79 5,496,030.84 Fourth place 48,831,948.73 8.35 2,441,597.44 Fifth place 31,091,299.55 5.32 1,554,564.98 Total 480,030,485.63 82.08 24,002,277.99

(6) At the end of the period, the company had no accounts receivable derecognized due to transfer of financial assets.

(7) At the end of the period, the company has no transferred accounts receivable and continues to be involved in the amount of assets and liabilities.

Receivables Financing

(1) Classified listing

Item Fair value on June 30, 2026 Fair value on December 31, 2025 Notes receivable 86,624,828.08 -

17097

Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report Items Fair value on June 30, 2026 Total fair value on December 31, 2025 86,624,828.08 - (2) At the end of the period, the company had no pledged receivable financing.

(3) Financing of receivables that have been endorsed or discounted but not yet due at the end of the period

Item Amount derecognized Amount not derecognized

Bank acceptance bill 106,983,718.23 - Total 106,983,718.23 -

The bank acceptance bill used for endorsement or discount is accepted by a bank with a higher credit rating. The credit risk and deferred payment risk are very small, and the interest rate risk related to the bill has been transferred to the bank. It can be judged that the main risks and rewards of the bill ownership have been transferred, so the recognition is terminated.

(4) Classified disclosure based on impairment accrual method

June 30, 2026

Category

Basis for provision of impairment provision Proportion of provision (%) Impairment provision Remarks

Provision for impairment on an individual basis - - - - Provision for impairment on a collective basis 86,624,828.08 - - - Group 2 bank acceptance bill 86,624,828.08 - - - Total 86,624,828.08 - - - (continued from the above table)

December 31, 2025

Category

Basis for provision of impairment provision Proportion of provision (%) Impairment provision Remarks

Provision for impairment on an individual basis - - - - Provision for impairment on a group basis - - - - Group 2 Bank Acceptance Bill - - - - Total - - - - Specific description of provision for impairment:

① As of June 30, 2026, the Company did not have receivable financing for which bad debt provisions were made individually.

② On June 30, 2026, according to the receivable financing for which bad debt provisions were made for bank acceptance bills in Portfolio 2, the company believed that the bank acceptance bills held did not have significant credit risks and would not cause significant losses due to bank defaults, so no bad debt provisions were made.

Please refer to Note 3.11 for the recognition standards and explanation of impairment provision on a group basis.

(5) There are no changes in impairment provisions in the current period.

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Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report

Advance payments

(1) Prepayments are listed based on aging

June 30, 2026 December 31, 2025

Account age

Amount Proportion (%) Amount Proportion (%) Within 1 year 2,178,316.03 99.46

32,832,835.87 100.00

1 to 2 years — — 11,815.53 0.54 Total 32,832,835.87 100.00 2,190,131.56 100.00 (2) Prepayments of the top five closing balances by prepayment objects

Name of the unit that accounts for the total closing balance of prepayments Balance as of June 30, 2026

Proportion(%)

First place 13,421,610.00 39.91 Second place 6,670,755.00 19.84 Third place 4,689,900.00 13.95 Fourth place 908,270.52 2.70 Fifth place 834,300.00 2.48 Total 26,524,835.52 78.88

Other receivables

(1) Classified listing

Project June 30, 2026 December 31, 2025

interest receivable

— Dividends receivable

— — Other receivables 5,608,228.87 3,353,741.71 Total 5,608,228.87 3,353,741.71 (2) Other receivables

① Disclosure based on aging

Account aging June 30, 2026 December 31, 2025

Within 1 year 3,441,374.86 1,112,272.32 1 to 2 years 2,426,247.50 2,380,370.00 2 to 3 years 310,600.00 309,500.00 More than 3 years 2,682,650.00 2,480,400.00

Subtotal 8,860,872.36 6,282,542.32 Less: Bad debt provision 3,252,643.49 2,928,800.61 Total 5,608,228.87 3,353,741.71

17099

Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report ② Classification by nature of payment

Nature of payment June 30, 2026 December 31, 2025

Security deposit 7,077,363.59 5,193,290.00 Others 1,783,508.77 1,089,252.32

Subtotal 8,860,872.36 6,282,542.32 Less: Provision for bad debts 3,252,643.49 2,928,800.61 Total 5,608,228.87 3,353,741.71 ③ Disclosure by classification according to the bad debt accrual method

A. The bad debt provisions as of June 30, 2026 are accrued according to the three-stage model as follows:

Stage Book balance Bad debt provision Book value

First stage 8,860,872.36 3,252,643.49 5,608,228.87

second stage

————The third stage

— — —Total 8,860,872.36 3,252,643.49 5,608,228.87 As of June 30, 2026, bad debt provisions in the first stage:

Category Book balance Provision ratio (%) Bad debt provision Bad debt provision is made individually based on the book value

— — — — Provision for bad debts on a group basis 8,860,872.36 36.71 3,252,643.49 5,608,228.87

Combination 1: Receivables consolidation

Amounts from related parties within the scope — — — —

Combination 2: Other receivables

8,860,872.36 36.71 3,252,643.49 5,608,228.87 amount

Total 8,860,872.36 36.71 3,252,643.49 5,608,228.87 As of June 30, 2026, the company had no bad debt provisions in the second or third stages.

B. The bad debt provisions as of December 31, 2025 are accrued according to the three-stage model as follows:

Stage Book balance Bad debt provision Book value

First stage 6,282,542.32 2,928,800.61 3,353,741.71 Second stage

————The third stage

— — —Total 6,282,542.32 2,928,800.61 3,353,741.71 As of December 31, 2025, bad debt provisions in the first stage:

Category Book balance Provision ratio (%) Bad debt provision Book value

17190

Jinfu Technology Co., Ltd.'s 2026 semi-annual financial report accrues bad debt provisions individually

— — — — Provision for bad debts based on portfolio 6,282,542.32 46.62 2,928,800.61 3,353,741.71 1. Portfolio 1: Consolidated scope of receivables

Amounts from related parties within the scope — — — — 2. Portfolio 2: Other accounts receivable

6,282,542.32 46.62 2,928,800.61 3,353,741.71Total 6,282,542.32 46.62 2,928,800.61 3,353,741.71 As of December 31, 2025, the Company had no bad debt provisions in the second or third stages.

Please refer to Note 3.11 for the recognition standards and explanation of bad debt provision on a group basis.

④Changes in bad debt provisions

2025 Amount of changes in the current period 2026 category

Provision on December 31 Recovery or reversal Write-off or write-off Increase in business combination Bad debt provision on June 30 2,928,800.61 -545,488.08 869,330.96 3,252,643.49 — —

⑤The company has no other receivables actually written off in this period.

⑥ Other receivables with top five closing balances collected by debtors

2026 Accounting for the closing balance of other receivables

Unit name Nature of payment Aging of accounts Bad debt provision

Proportion of total balance on June 30 (%)

First place deposit 2,000,000.00 1-2 years 22.57 200,000.00 Second place deposit 823,557.00 Within 1 year 9.29 41,177.85 Third place deposit 700,000.00 More than 3 years 7.90 700,000.00 Fourth place deposit 630,000.00 More than 3 years 7.11 630,000.00 Fifth place advance payment 539,420.75 Within 1 year 6.09 26,971.04 Total 4,692,977.75 52.96 1,598,148.89 ⑦There is no situation in this period that is listed in other receivables due to centralized management of funds.

Inventory

(1) Inventory classification

June 30, 2026 December 31, 2025

Project

Book balance Provision for inventory decline Book value Book balance Provision for inventory decline Book value Raw materials 137,785,853.12 1,657,433.75 136,128,419.37 137,944,810.78 3,122,858.10 134,821,952.68 Work in progress 20,206,191.10 — 20,206,191.10 1,988,721.92 — 1,988,721.92 Inventory supplier

84,481,170.18 1,528,923.21 82,952,246.97 85,852,157.75 1,615,700.92 84,236,456.83 products

Issuer

2,051,701.55 — 2,051,701.55 1,246,847.13 — 1,246,847.13 products

17191

Total 2026 semi-annual financial report of Jinfu Technology Co., Ltd. 244,524,915.95 3,186,356.96 241,338,558.99 227,032,537.58 4,738,559.02 222,293,978.56 (2) Provision for inventory decline

Increase amount in this period Decrease amount in this period

2025 2026 Project Enterprise Partnership

December 31 Provision Reversal or write-off Others June 30

and increase

Raw materials 3,122,858.10 344,214.79 336,391.34 2,146,030.48 — 1,657,433.75 Inventory goods 1,615,700.92 531,549.36 223,614.41 841,941.48 — 1,528,923.21 Total 4,738,559.02 875,764.15 560,005.75 2,987,971.96 — 3,186,356.96 (3) The ending inventory balance includes the capitalized amount of borrowing costs.

Other current assets

Item June 30, 2026 The amount of retained tax credit on December 31, 2025 230,794.11 1,796,113.85 Input tax to be certified 11,471,226.64 12,386,646.87 Prepaid corporate income tax — 6,844,735.68 Total 11,702,020.75 21,027,496.40

Long-term equity investment

Increases and decreases in the current period

Invested unit opening balance

Business combination increases, equity method recognition, other comprehensive income adjusts to decrease investment

Added investment gains and losses

Associates

Foshan Fulongjia Metal Products

— 306,942.90 — — — Co., Ltd.

Total — 306,942.90 — — — (continued from the above table)

Increases and decreases in the current period

Impairment provisions are announced and released at the end of the period

Invested unit ending balance

Provision for impairment of other equity interests

Balance cash dividends Others

change preparation

or profit

Associates

Foshan Fulongjia Metal Products

— — — — 306,942.90 —Co., Ltd.

Total — — — — 306,942.90 —

Investment real estate

Item Houses and buildings Land use rights Total

1. Original book value

17192

Jinfu Technology Co., Ltd. 2026 Semi-annual Financial Report 1. December 31, 2025 76,791,616.83 11,074,437.08 87,866,053.91 2. Increase in the current period

— — — (1) Transfer of fixed assets\intangible assets

— — — 3. Decrease amount in the current period 715,596.33 — 715,596.33 (1) Disposal 715,596.33 — 715,596.33 4. June 30, 2026 76,076,020.50 11,074,437.08 87,150,457.58

2. Accumulated depreciation and accumulated amortization

December 31, 2025 40,723,705.01 3,165,835.67 43,889,540.68 2. Increase in the current period 1,828,079.20 108,584.94 1,936,664.14 (1) Provision or amortization 1,828,079.20 108,584.94 1,936,664.14 (2) Transfer of fixed assets\intangible assets
Decrease amount in the current period 186,949.62 — 186,949.62 (1) Disposal 186,949.62 — 186,949.62 4. June 30, 2026 42,364,834.59 3,274,420.61 45,639,255.20

3. Impairment provision

1.December 31, 2025

— — — 2. Increased amount in this period

— — — 3. Reduction amount in the current period

— — — 4. June 30, 2026

— — —

4. Book value

Book value on June 30, 2026 33,711,185.91 7,800,016.47 41,511,202.38 2. Book value on December 31, 2025 36,067,911.82 7,908,601.41 43,976,513.23
Fixed assets

(1) Classified listing

Project June 30, 2026 December 31, 2025

Fixed assets 1,042,142,667.32 1,053,468,126.21 Fixed assets liquidation —

—Total 1,042,142,667.32 1,053,468,126.21

17193

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

(2) Fixed assets

①Fixed assets

Items Houses and buildings Machinery and equipment Office and electronic equipment Transportation equipment Other equipment Total

1. Original book value

December 31, 2025 759,158,546.61 671,397,641.61 16,709,973.58 9,974,804.58 185,674,912.42 1,642,915,878.80 2. Increase in the current period 1,801,427.13 26,968,667.63 3,655,869.19 7,528,255.60 4,385,186.11 44,339,405.66 (1) Purchase — 3,986,513.26 822,470.16 1,065,334.19 410,958.46 6,285,276.07 (2) Transfer of construction in progress 1,801,427.13 2,743,090.78 342,404.81 1,211.50 3,632,994.76 8,521,128.98 (3) Increase in business combination — 20,239,063.59 2,490,994.22 6,461,709.91 341,232.89 29,533,000.61 3. Decrease in the current period — 3,675.21 58,050.13 136,457.00 — 198,182.34 (1) Disposal or scrapping — 3,675.21 58,050.13 136,457.00 — 198,182.34 4. June 30, 2026 760,959,973.74 698,362,634.03 20,307,792.64 17,366,603.18 190,060,098.53 1,687,057,102.12

2. Accumulated depreciation

December 31, 2025 65,870,735.85 368,424,754.53 9,699,500.95 5,743,557.05 138,185,317.79 587,923,866.17 2. Increase in the current period 18,091,606.99 28,222,415.51 2,231,638.97 1,763,372.38 5,345,921.58 55,654,955.43 (1) Provision 18,091,606.99 25,418,104.24 1,104,023.39 1,211,758.15 5,146,801.61 50,972,294.38 (2) Increase in business combination - 2,804,311.27 1,127,615.58 551,614.23 199,119.97 4,682,661.05 3. Reduction amount in the current period — 3,491.45 55,147.62 129,634.15 — 188,273.22 (1) Disposal or scrapping — 3,491.45 55,147.62 129,634.15 — 188,273.22 4. June 30, 2026 83,962,342.84 396,643,678.59 11,875,992.30 7,377,295.28 143,531,239.37 643,390,548.38

3. Impairment provision

December 31, 2025 — 1,523,886.42 — — — 1,523,886.42

18114

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

Increase amount in this period

— — — — — — (1) Provision

— — — — — — 3. Reduction amount in the current period

— — — — — — (1) Disposal or scrapping

— — — — — — 4. June 30, 2026 — 1,523,886.42 — — — 1,523,886.42

4. Fixed assets book

value

June 30, 2026

676,997,630.90 300,195,069.02 8,431,800.34 9,989,307.90 46,528,859.16 1,042,142,667.32 Book value

2.December 31, 2025

693,287,810.76 301,449,000.66 7,010,472.63 4,231,247.53 47,489,594.63 1,053,468,126.21 Book value

18115

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

②At the end of the period, the company had no temporarily idle fixed assets.

③At the end of the period, the company’s fixed assets leased through operating leases

Item Book value on June 30, 2026

Machinery and equipment 75,732.58 Electronic and office equipment 2,154.99 Other equipment 1,510.00

Total 79,397.57

④ At the end of the period, the company has fixed assets for which the property ownership certificate has not been obtained.

Item Book value Reasons for not completing the property ownership certificate Houses and buildings 9,329,996.61 Processing in progress

Construction in progress

(1) Classified listing

Project June 30, 2026 December 31, 2025

Construction in progress 40,869,558.18 15,910,258.92 (2) Construction in progress

①Projects under construction

June 30, 2026 December 31, 2025

Impairment Impairment

Project

Book balance Book value Book balance Book value

prepare prepare

Equipment to be installed 38,249,494.79 — 38,249,494.79 15,910,258.92 — 15,910,258.92 Sporadic projects 2,620,063.39 — 2,620,063.39

— — —

Total 40,869,558.18 — 40,869,558.18 15,910,258.92 — 15,910,258.92 ② Changes in important projects under construction

Transferred to fixed assets in this period. None transferred in this period.

2025 2026

Fixed asset deposit

Project name Increase amount in this period

December 31 June 30

Uh Uh

Equipment to be installed 15,910,258.92 29,145,227.72 6,805,991.85 — 38,249,494.79 Sporadic projects — 4,335,200.52 1,715,137.13 — 2,620,063.39

Total 15,910,258.92 33,480,428.24 8,521,128.98 — 40,869,558.18 (continued from the above table)

111065

The full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. includes: Profit for the current period

Accumulated interest capitalization Interest capitalization for the current period

interest capitalization

Project name Amount Rate (%) Funding source amount

Equipment to be installed Own funds — — —

Sporadic projects Own funds - - -

total

— — —

③At the end of the period, the Company's projects under construction were not impaired, so no provision for impairment of projects under construction was made.

Right-of-use assets

Project Houses and Buildings

1. Original book value:

December 31, 2025 - 2. Increase in the current period 18,326,899.47 (1) Lease 4,495,291.69 (2) Increase in business combination 13,831,607.78 3. Decrease in the current period - (1) Lease expiry/early termination - 4. June 30, 2026 18,326,899.47

2. Accumulated depreciation

December 31, 2025 - 2. Increase in the current period 8,454,629.86 (1) Provision 713,856.99 (2) Increase in business combination 7,740,772.87 3. Decrease in the current period - (1) Lease expiry/early termination - 4. June 30, 2026 8,454,629.86

3. Impairment provision

1.December 31, 2025

— 2. Increased amount in this period

—(1) Provision

— 3. Reduction amount in this period

—(1) Disposal

— 4. June 30, 2026

—

4. Book value

111075

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. 1. Book value as of June 30, 2026 9,872,269.61

Book value as of December 31, 2025 —
Intangible assets

(1) Intangible assets

Project Land use rights Patent rights Software Total

1. Original book value

December 31, 2025 154,791,142.88 29,702.97 11,601,751.39 166,422,597.24 2. Increase in the current period 337,684.00 91,266.58 613,106.80 1,042,057.38 (1) Purchase 337,684.00 — — 337,684.00 (2) Increase from business combination — 91,266.58 613,106.80 704,373.38 3. Decrease amount in the current period

— — — — (1) Disposal

— — — — 4. June 30, 2026 155,128,826.88 120,969.55 12,214,858.19 167,464,654.62

2. Accumulated amortization

December 31, 2025 11,216,298.95 29,702.97 2,445,956.41 13,691,958.33 2. Increase in the current period 1,592,658.19 16,888.60 624,670.01 2,234,216.80 (1) Provision 1,592,658.19 2,096.01 590,182.72 2,184,936.92 (2) Increase due to business combination —- 14,792.59 34,487.29 49,279.88 3. Decrease amount in the current period

— — — — (1) Disposal

— — — — 4. June 30, 2026 12,808,957.14 46,591.57 3,070,626.42 15,926,175.13

3. Impairment provision

1.December 31, 2025

— — — — 2. Increased amount in this period

— — — — (1) Provision

— — — — 3. Reduction amount in the current period

— — — — (1) Disposal

— — — — 4. June 30, 2026

— — — —

4. Book value

Account as of June 30, 2026

142,319,869.74 74,377.98 9,144,231.77 151,538,479.49 Face value

Accounts as of December 31, 2025

Value 143,574,843.93 — 9,155,794.98 152,730,638.91

(2) At the end of the period, the company had no intangible assets formed by internal research and development.

111085

Full text of the 2026 Semi-annual Report of Jinfu Technology Co., Ltd. (3) There was no impairment of the company’s intangible assets at the end of the period, so no provision for impairment of intangible assets was made.

(4) Land use rights for which property rights certificates have not been obtained

Goodwill

(1) Original book value of goodwill

Increase in this period Decrease in this period

Name or formation of the invested unit 2025 Formation of business merger in 2026

Goodwill matters December 31 Others Disposal Others June 30

Guilin Xiangzhao Technology Co., Ltd. 68,864,682.85 — — — — 68,864,682.85 Foshan Zhuohui Metal Products Co., Ltd.

— 310,799,712.36 — — — 310,799,712.36 Co., Ltd.

Foshan Lianyi Thermal Energy Technology Co., Ltd.

— 149,901,950.84 — — — 149,901,950.84 Co., Ltd.

Total 68,864,682.85 460,701,663.20 — — — 529,566,346.05

(2) Goodwill impairment provision

Name or form of invested unit 2025 Increase in this period Decrease in this period 2026

Events resulting in goodwill December 31 Provision Others Disposal Others June 30

Guilin Xiangzhao Technology Co., Ltd.

— — — — — Foshan Zhuohui Metal Products Co., Ltd.

Co., Ltd. — — — — — Foshan Lianyi Thermal Energy Technology Co., Ltd.

Ltd. — — — — — —Total

— — — — — — (3) Information related to the asset group or asset group combination in which the goodwill is located

Guilin Xiangzhao Technology Co., Ltd., Foshan Zhuohui Metal Products Co., Ltd., and Foshan Lianyi Thermal Energy Technology Co., Ltd. are respectively regarded as the asset group where the goodwill is located.

(4) Goodwill impairment test process, parameters and confirmation method of goodwill impairment loss

Based on the basic assumption of going concern and combined with the characteristics of assets, the company uses the income method to estimate the recoverable amount of the asset groups related to Guilin Xiangzhao Technology Co., Ltd., Foshan Zhuohui Metal Products Co., Ltd., and Foshan Lianyi Thermal Energy Technology Co., Ltd. The recoverable amount of the asset group is determined by measuring the present value of the expected future cash flows. The cash flow caliber used for the expected future cash flows is pre-tax corporate free cash flow, and the discount rate is the weighted average cost of capital (WACC) before income tax.

The recognition method of goodwill impairment loss is: conduct impairment test on the asset groups containing goodwill, and compare the book value of these related asset groups (including the book value part of the allocated goodwill) with their recoverable amount, such as the recoverable amount of the related asset group.

111095

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text If the amount is lower than its book value, the difference will be recognized as an impairment loss. The amount of the impairment loss will first be deducted from the book value of the goodwill allocated to the asset group; then, based on the proportion of the book value of other assets in the asset group except goodwill, the book value of other assets will be deducted in proportion.

Long-term deferred expenses

Increase in the current period in 2025 Amortization in the current period in 2026 Other decreases

Project name (including merger and addition)

December 31 June 30 Decoration expenses — 3,876,507.33 273,568.41 — 3,602,938.92 Others — 25,349.20 325.71 — 25,023.49

Total — 3,901,856.53 273,894.12 — 3,627,962.41

Deferred income tax assets and deferred income tax liabilities

(1) Deferred income tax assets without offset

June 30, 2026 December 31, 2025

Project

Deductible temporary differences Deferred income tax assets Deductible temporary differences Deferred income from deferred income tax assets 7,742,901.34 1,288,379.69 5,644,314.32 984,301.17 Credit impairment provision 33,320,112.38 6,836,974.97 9,836,839.73 1,717,493.43 Unrealized profits from internal transactions 103,231.34 25,807.83 137,641.76 34,410.44 Asset impairment provisions 3,186,356.96 595,489.98 4,738,559.02 960,784.31 Lease liabilities 11,106,282.26 2,423,061.88

— —

Total 55,458,884.28 11,169,714.35 20,357,354.83 3,696,989.35

(2) Deferred income tax liabilities without offset

June 30, 2026 December 31, 2025

Item Taxable temporary difference

Deferred income tax liabilities Taxable temporary differences Deferred income tax liabilities

different

One-time deduction for fixed assets 9,860,581.20 1,479,087.18 10,908,005.23 1,636,200.78 Right-of-use assets 9,872,269.61 2,172,974.75

—-Enterprise mergers not under common control

920,870.51 138,130.57 1,051,989.67 157,798.45 Consolidated asset appraisal value increase

Total 20,653,721.32 3,790,192.50 11,959,994.90 1,793,999.23

Other non-current assets

Project June 30, 2026 December 31, 2025

Prepaid engineering equipment 21,959,046.17 12,439,639.38

Assets with restricted ownership or rights of use

112005

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

Item Book value on June 30, 2026 Reason for restriction

Monetary funds 4,103,954.96 Letter of credit deposit fixed assets - houses and buildings 366,598,395.53 Loan collateral intangible assets - land use rights 60,554,284.84 Loan collateral fixed assets - machinery and equipment 3,986,949.97 Sale and leaseback

51% equity each in Zhuohui Lianyi Company 517,200,000.00 Total M&A loan pledges 952,443,585.30

Short-term borrowings

(1) Classification of short-term loans

Project June 30, 2026 December 31, 2025

Guaranteed loans 69,421,800.00 40,025,209.25 Credit loans 75,036,712.50 45,029,802.78 Total 144,458,512.50 85,055,012.03 (2) At the end of the period, the company had no overdue short-term loans.

Accounts payable

(1) Listed by nature

Project June 30, 2026 Material payment on December 31, 2025 133,555,220.58

46,721,304.52 Engineering equipment 52,502,103.55 77,867,761.54 Freight 6,446,581.74 1,834,581.20 Others 11,105,870.86

4,958,684.88 Total 203,609,776.73 131,382,332.14

(2) At the end of the period, the company had no important accounts payable with an aging of more than 1 year.

Contract liabilities

Project June 30, 2026 Advance payment received on December 31, 2025 2,257,792.16 445,709.59

Employee benefits payable

(1) Presentation of employee benefits payable

2025 2026 Project Increase in this period Decrease in this period

December 31 June 30

Short-term salary 18,965,715.53 83,994,507.71 60,588,839.47 42,371,383.77

112015

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

2. Post-employment benefits-defined contribution plan

— 3,973,175.05 3,973,175.05 — stroke

Dismissal benefits — 250,906.20 250,906.20 —
Other benefits due within one year — — — —

Total 18,965,715.53 88,218,588.96 64,812,920.72 42,371,383.77

(2) Presentation of short-term remuneration

2025 2026 Project Increase in this period Decrease in this period

December 31 June 30

Salaries, bonuses, allowances and subsidies 18,596,468.93 78,830,330.08 55,133,941.70 42,292,857.31
Employee welfare fees — 2,601,073.46 2,601,073.46 —
Social insurance premiums — 1,512,141.97 1,512,141.97 — Among them: medical insurance premiums — 1,275,331.89 1,275,331.89 — work-related injury insurance premiums — 222,596.98 222,596.98 — maternity insurance premiums — 14,213.10 14,213.10 —
Housing provident fund — 622,018.00 622,018.00 —
Trade union funds and employee education funds 369,246.60 428,944.20 719,664.34 78,526.46

6. Short-term paid absences

— — — —

7. Short-term profit sharing plan

— — — —

Total 18,965,715.53 83,994,507.71 60,588,839.47 42,371,383.77

(3) Display of defined contribution plan

2025 2026 Project Increase in this period Decrease in this period

Post-employment benefits on December 31 and June 30: — — — — 1. Basic pension insurance — 3,896,371.60 3,896,371.60 — 2. Unemployment insurance premium — 76,803.45 76,803.45 —

Total — 3,973,175.05 3,973,175.05 —

Taxes payable

Project June 30, 2026 December 31, 2025

Value-added tax 28,509,567.77 74,883.09Corporate income tax 57,508,441.88 1,896,425.21Personal income tax 78,852.02 98,057.69Stamp tax 171,981.45 118,834.41Real estate tax 2,404,768.70 —Others 709,541.98 86,099.46

112025

Jinfu Technology Co., Ltd. Full text of 2026 semi-annual report Total 89,383,153.80 2,274,299.86

Other payables

(1) Classified listing

Project June 30, 2026 December 31, 2025

Interest payable —

—Dividends payable 51,999,982.65

—Other payables 68,103,847.75 2,051,538.53 Total 120,103,830.40 2,051,538.53

(2) Other payables

① List other payables according to the nature of the payment

Project June 30, 2026 December 31, 2025

Equity incentive subscription funds received in advance 63,394,500.00 — Deposit and margin 1,980,000.00 1,980,000.00 Others 2,729,347.75 71,538.53 Total 68,103,847.75 2,051,538.53

②At the end of the period, the company had no important other payables aged more than 1 year.

Non-current liabilities due within one year

Item June 30, 2026 Long-term payables due within one year on December 31, 2025 7,065,792.19 6,706,291.99 Lease liabilities due within one year 3,380,791.01

—Long-term borrowings due within one year 26,405,449.88 4,818,135.39 Total 36,852,033.08 11,524,427.38

Other current liabilities

Project June 30, 2026 December 31, 2025

Value-added tax to be transferred to output tax 177,904.15 56,307.49

Long-term borrowings

Item June 30, 2026 December 31, 2025 Mortgage loan 203,799,786.68 180,218,821.89 Pledge loan 400,090,649.70 — Credit loan 2,640,000.00 — Subtotal 180,218,821.89 606,530,436.38

112035

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. Less: Long-term loans due within one year 4,818,135.39 26,405,449.88

Total 175,400,686.50 580,124,986.50

Lease liabilities

Project June 30, 2026 December 31, 2025

Lease payment 11,858,793.04

—Less: Unrecognized financing expenses 752,510.78

—Subtotal 11,106,282.26

—Less: Lease liabilities due within one year 3,380,791.01

—Total 7,725,491.25

—

Long-term payables

(1) Classified listing

Project June 30, 2026 December 31, 2025

Long-term payables 9,154,235.73 12,318,640.30 Subtotal 9,154,235.73 12,318,640.30 Less: Long-term payables due within one year 7,065,792.19 6,706,291.99 Total 2,088,443.54 5,612,348.31

(2) List long-term payables according to the nature of the payment

Project June 30, 2026 December 31, 2025

Finance lease payable 9,154,235.73 12,318,640.30 Subtotal 9,154,235.73 12,318,640.30 Less: Long-term payables due within one year 7,065,792.19 6,706,291.99 Total 2,088,443.54 5,612,348.31

Deferred income

2025 2026

Item Increase in this period Decrease in this period Reason for formation December 31 June 30

Government subsidies 5,644,314.32 2,750,000.00 651,412.98 7,742,901.34 Deferred income from asset-related financial leases 18,406.21 — 18,406.21 — Total financial leases 5,662,720.53 2,750,000.00 669,819.19 7,742,901.34

Share capital

2025 This increase or decrease (+, -) 2026

Project

December 31 Issuance of new shares Bonus shares Conversion of provident funds Others Subtotal June 30

112045

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

Total number of shares 260,000,000.00 — 260,000,000.00

— — — —

Capital reserve

December 31, 2025

Item Increase in the current period Decrease in the current period Equity premium on June 30, 2026 614,210,950.36 — — 614,210,950.36 Other capital reserves 344,497.48 — — 344,497.48

Total 614,555,447.84 — — 614,555,447.84

Surplus reserve

December 31, 2025

Item Increase in the current period Decrease in the current period Statutory surplus reserve on June 30, 2026 72,971,195.83 — — 72,971,195.83 Discretionary surplus reserve

— — — —

Total 72,971,195.83 — — 72,971,195.83

Undistributed profits

Item January to June 2026 Undistributed profit at the end of the previous period before adjustment in 2025 653,232,400.48 647,587,343.46 Total undistributed profit at the beginning of the adjustment (adjustment +, decrease -) — — Undistributed profit at the beginning after adjustment 653,232,400.48 647,587,343.46 Plus: Net profit attributable to owners of the parent company for the current period 96,180,983.83 100,883,203.22 Less: Withdrawal of statutory surplus reserve - 17,238,146.20 Common stock dividends payable 51,999,982.65 78,000,000.00 Undistributed profits at the end of the period 697,413,401.66 653,232,400.48

Operating income and operating costs

January-June 2026 January-June 2025

Project

revenue cost revenue cost

Main business 731,621,653.73 468,493,758.11 399,751,690.66 298,764,348.99 Other businesses 6,456,063.07 3,858,741.68 4,943,945.32 1,089,937.16

Total 738,077,716.80 472,352,499.79 404,695,635.98 299,854,286.15

Taxes and Surcharges

Project January-June 2026 January-June 2025

Property tax 3,912,629.66 1,780,671.37 Land use tax 660,954.78 660,954.67

112055

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text Stamp tax 582,243.96 242,160.07 Urban maintenance and construction tax 1,323,361.02 449,135.87 Education surcharge 726,622.59 239,772.59 Local education surcharge 382,548.00 159,985.67 Others 5,266.30 5,208.70 Total 7,593,626.31 3,537,888.94

Selling expenses

Project January-June 2026 January-June 2025

Employee compensation 3,477,497.47 2,289,328.08Business entertainment expenses 329,994.70 334,429.39Travel expenses 255,130.16 297,771.16Others 882,739.53 302,323.04Total 4,945,361.86 3,223,851.67

Administrative expenses

Project January-June 2026 January-June 2025

Employee compensation 23,656,295.39 12,300,976.78 Depreciation and amortization 8,600,714.66 5,698,532.25 Agency fee 4,101,833.99 3,331,791.36 Maintenance fee 686,263.97 1,060,643.72 Business entertainment expenses 405,284.03 153,978.14 Rent, water and electricity expenses 554,913.40 374,076.53 Travel expenses 361,615.63 401,343.52 Others 1,378,926.88 2,542,614.95 Total 39,745,847.95 25,863,957.25

Research and development expenses

Project January-June 2026 January-June 2025

Employee compensation 14,220,529.02 7,167,302.59 Material expenses 7,647,630.40 4,918,542.82 Depreciation expenses 948,052.93 935,225.13 Water, electricity and fuel expenses 720,531.94 522,317.46 Product testing and testing expenses 2,512,155.43 382,880.08 Others 809,887.55 841,105.55Total 26,858,787.27 14,767,373.63

112065

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

Financial charges

Project January-June 2026 January-June 2025

Interest expense 6,360,233.36 2,239,035.65 Including: Interest expense on lease liabilities 97,165.81 35,106.90 Less: Interest income 574,797.73 563,314.34 Net interest expense 5,785,435.63 1,675,721.31 Exchange gains and losses 1,294,237.87 671,077.19 Bank fees 150,952.87 126,127.94

Total 7,230,626.37 2,472,926.44

Other income

Asset-related/projects January-June 2026 January-June 2025

related to income

1. Government subsidies included in other income 682,412.98 979,182.35

Government subsidies related to deferred income 651,412.98 852,063.06 Government subsidies related to assets and directly included in current profits and losses 31,000.00 127,119.29 Related to income

2. Other activities related to daily activities and included in them

837,969.70

Items of other income 209,865.81

Personal tax withholding fee 83,989.73 81,853.66

Additional deduction of input tax 753,979.97 128,012.15

Total 1,520,382.68 1,189,048.16

Investment income

Project January-June 2026 January-June 2025

Investment income from structured deposits 215,802.16 153,326.86

Credit impairment loss

Project January-June 2026 January-June 2025

Bad debt losses on accounts receivable -10,193,546.39 -4,493,534.38 Bad debt losses on other receivables 545,488.08 300,490.77

Total -9,648,058.31 -4,193,043.61

Asset impairment loss

Project January-June 2026 January-June 2025

Loss on inventory depreciation -875,764.15 -341,302.03

Income from asset disposals

112075

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

Project January to June 2026 Disposal of fixed assets and construction in progress that are not classified as held for sale from January to June 2025

Gains from disposal of processes, productive biological assets and intangible assets 3,143.12

5,605,924.91 or loss

Including: fixed assets 3,143.12 1,848,974.91

Total 3,143.12 5,605,924.91

Non-operating income

Included in current period's non-recurring

Item January to June 2026 January to June 2025 Amount of profit and loss Penalty income 80,750.45 — 80,750.45 Others 12,032.13 3,380.80 12,032.13

Total 92,782.58 3,380.80 92,782.58

Non-operating expenses

Included in current period's non-recurring

Item January to June 2026 January to June 2025 Amount of profit and loss Donation expenses 300,000.00 10,000.00 300,000.00 Loss from damage and scrapping of non-current assets 1,547.81 77,859.67 1,547.81 Others 1,202,655.22 5,089.96 1,202,655.22

Total 1,504,203.03 92,949.63 1,504,203.03

Income tax expenses

(1) Composition of income tax expenses

Project January-June 2026 January-June 2025

Current income tax expense 34,911,957.69 8,453,016.63 Deferred income tax expense -2,001,927.22 -764,340.69

Total 32,910,030.47 7,688,675.94

(2) Adjustment process of accounting profits and income tax expenses

Item January to June 2026 Total profit from January to June 2025 169,155,052.30 57,299,737.36 Income tax expense calculated according to statutory/applicable tax rates 25,559,614.03 8,594,960.60 Impact of different tax rates applicable to subsidiaries 11,333,012.99 1,441,551.11The impact of adjusting income tax in previous periods -3,379.18

—The impact of non-deductible costs, expenses and losses 91,869.42 37,757.09 The impact of using deductible losses that have not been recognized as deferred income tax assets in the previous period —

—

112085

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Deductible temporary differences that have not recognized deferred income tax assets during the period or

78,539.45

Impact of deductible losses 29,902.20 Additional deduction for R&D expenses -4,149,626.24 -2,415,495.06 Income tax expense 32,910,030.47 7,688,675.94

Notes on cash flow statement items

(1) Cash related to operating activities

①Other cash received related to operating activities

Project January-June 2026 January-June 2025

Government subsidies 2,997,386.90 127,119.29 Others 6,678,799.18 1,424,863.34 Total 9,676,186.08 1,551,982.63

②Other cash paid related to operating activities

Project January-June 2026 January-June 2025

Transportation fee 12,161,904.03 11,572,358.38 Research and development fee 3,122,346.60 1,077,718.94 Agency fee 5,862,972.12 2,969,666.95 Security deposit 900,000.00 13,020.00 Maintenance fee 602,725.61 1,493,062.80 Business entertainment expenses 642,520.90 494,411.88 Travel expenses 728,026.23 790,953.69 Rent, water and electricity expenses 4,558,236.72 1,492,077.81 Others 5,651,354.43 2,980,902.04 Total 34,230,086.64 22,884,172.49

(2) Cash related to investing activities

①Cash received related to other investment activities

Project January-June 2026 January-June 2025

Interest income 423,581.46 563,314.34

(3) Cash related to financing activities

① Other cash received related to financing activities

112095

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

Project January-June 2026 January-June 2025

Letter of credit deposit 5,129,000.00 3,660,679.12

②Other cash paid related to financing activities

Project January-June 2026 January-June 2025

Lease payment 3,725,178.00 5,579,797.12 Others 23,664.73

—

Total 3,748,842.73 5,579,797.12

Supplementary information to the cash flow statement

(1) Supplementary information for cash flow statement

Supplementary information January-June 2026 January-June 2025 1. Reconcile net profit to cash flow from operating activities:

Net profit 136,245,021.83 49,611,061.42 Plus: asset impairment provision 875,764.15 341,302.03 Credit impairment provision 9,648,058.31 4,193,043.61 Fixed asset depreciation, right-of-use asset depreciation 53,622,815.51 46,853,246.30 Amortization of intangible assets 2,184,936.92 1,812,623.46 Amortization of long-term deferred expenses 273,894.12

—Loss on disposal of fixed assets, intangible assets and other long-term assets

-3,143.12

Loss (income is listed with "-") -5,605,924.91 Losses from scrapping of fixed assets (income is listed with "-") 1,547.81 77,859.67 Loss from changes in fair value (income is listed with "-") -

—Financial expenses (income is listed with "-") 6,384,799.67 2,346,798.50 Investment losses (income is listed with "-") -215,802.16 -153,326.86 Decrease in deferred income tax assets (increase is listed with "-") -7,472,725.00 -254,303.94 Increase in deferred income tax liabilities (decreases are indicated with "-") 1,996,193.27 -510,036.75 Decrease in inventories (increases are indicated with "-") -14,504,406.41 31,522,650.18 Decrease in operating receivables (increases are indicated with "-") -473,015,672.45 -89,428,156.44 Increase in operating payables (decreases are listed with "-") 301,673,109.95 -7,764,163.71 Others

—Net cash flow generated from operating activities 17,694,392.40 33,042,672.56 2. Major activities not involving cash receipts and payments:

debt to capital

— Convertible corporate bonds due within one year

— — Lease assets (except for simplified treatment)

— —

113005

Full text of Jinfu Technology Co., Ltd.’s 2026 semi-annual report 3. Net changes in cash and cash equivalents:

Closing balance of cash 240,137,980.82 78,433,408.69 Less: Opening balance of cash 298,742,660.83 215,969,257.33 Add: Closing balance of cash equivalents

—Less: opening balance of cash equivalents

—Net increase in cash and cash equivalents -58,604,680.01 -137,535,848.64

(2) Net cash paid in the current period to acquire subsidiaries

Item Amount

Cash or cash equivalents paid in the current period for business mergers that occurred in the current period 571,200,000.00 Less: Cash and cash equivalents held by the company on the date of purchase 38,257,871.54 Plus: Cash or cash equivalents paid in the current period for business mergers that occurred in previous periods

—Net cash paid by subsidiaries 532,942,128.46

(3) There is no net cash received from the disposal of subsidiaries in this period.

(4) Composition of cash and cash equivalents

Project June 30, 2026 June 30, 2025

Cash 240,137,980.82 78,433,408.69 Including: Cash on hand 91,602.06 37,215.81 Bank deposits that can be used for payment at any time 240,046,378.76 78,396,192.88 Other monetary funds that can be used for payment at any time

— Money deposited with the central bank available for payment

——Deposit funds from interbank institutions

——Lending to other banks

— —

2. Cash equivalents

——Including: bond investments due within three months

— —

Balance of cash and cash equivalents at the end of the period 240,137,980.82 78,433,408.69 Including: restricted cash use by the parent company or subsidiaries within the group

— Gold and cash equivalents

(5) Monetary funds that are not cash and cash equivalents

Project June 30, 2026 December 31, 2025 Reason

Monetary funds 4,103,954.96 11,307,010.81 Letter of credit deposit

Foreign currency monetary items

Foreign currency on June 30, 2026 Item balance on June 30, 2026 Conversion exchange rate Conversion balance in RMB

113015

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full text Monetary funds 47,710,191.84

— —

Including: USD 7,004,976.05 6.8109 47,710,191.38 EUR 0.06 7.7671 0.47 Accounts receivable 77,391,240.05

— —

Including: USD 11,362,850.73 6.8109 77,391,240.05 Accounts payable

— —

Including: USD 598,075.00 6.8109 4,073,429.02

Leasing

(1) The company serves as the lessee

Current profit and loss and cash flow related to leasing:

Project January-June 2026

Short-term lease expenses with simplified treatment included in the current profit and loss in the current period 405,705.92 Low-value asset lease expenses with simplified treatment included in the current profit and loss in the current period

33,302.35 (excluding short-term rentals)

Interest expense on lease liabilities 97,165.81 Total cash outflows related to leases 1,158,493.26

6. R&D expenditures

Listed by nature of expenses:

Project January-June 2026 January-June 2025

Labor fee 14,220,529.02 7,167,302.59 Material fee 7,647,630.40 4,918,542.82 Depreciation fee 948,052.93 935,225.13 Water, electricity and fuel fee 720,531.94 522,317.46 Product testing and inspection fee 2,512,155.43 382,880.08 Others 809,887.55 841,105.55

Total 26,858,787.27 14,767,373.63 Including: Expenditure R&D expenditure 26,858,787.27 14,767,373.63 Capitalized R&D expenditure

— —

7. Changes in consolidation scope

On April 7, 2026, the company completed the acquisition of 51% of the equity of Foshan Zhuohui Metal Products Co., Ltd. and Foshan Lianyi Thermal Energy Technology Co., Ltd. through cash acquisition.

113025

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. On March 25, 2026, the company established a new wholly-owned subsidiary, Guangdong Jinfu Intelligent Manufacturing Technology Co., Ltd.

On May 26, 2026, the company established a new wholly-owned subsidiary, Shenzhen Xinglitu Technology Co., Ltd.

On June 11, 2026, Guangdong Jinfu Intelligent Manufacturing Technology Co., Ltd. established a new wholly-owned subsidiary, Dongguan Jinfu South China Intelligent Manufacturing Co., Ltd.

8. Interests in other entities

Interests in subsidiaries

(1) Composition of enterprise groups

Registered capital Shareholding ratio (%) Subsidiary name Main place of business Registration place Nature of business Acquisition method (10,000 yuan) Direct Indirect

Plastic lid raw

Hunan Jinfu Packaging

production, sales

Co., Ltd. 13,500.00 Ningxiang Ningxiang 100.00 — Holdings merger

for sale

Qianxi County Jinfu Packaging Plastic Cover Manufacturer

Decorative Products Co., Ltd. Production and Sales

6,000.00 Qianxi Qianxi 100.00 New establishment and merger

— Division Sales

metal cover raw

Guilin Xiangzhao Technology

production, sales

Co., Ltd. 16,945.00 Guilin Guilin 100.00 — Purchase and sale

Plastic lid raw

Sichuan Jinfu Packaging

production, sales

Co., Ltd. 5,000.00 Pujiang Pujiang 100.00 — New merger

for sale

Guangdong Jinfu Intelligent Manufacturing

10,000.00 Dongguan Dongguan Metal Products

Technology Co., Ltd. 100.00 New merger-liquid cooling production

Products and groups

Foshan Zhuohui Metal Manufacturing

300.00 Foshan Foshan pieces raw

Products Co., Ltd. — 51.00 Purchase of consolidated products and sales

for sale

Liquid cooling products

Products and groups

Foshan Lianyi Thermal Energy Technology Co., Ltd.

500.00 Foshan Foshan pieces raw

Technology Co., Ltd. - 51.00 Purchase and merge production and sales

for sale

113035

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. Dongguan Jinfu Hua Nanzhi

1,000.00 Dongguan Dongguan Metal Products

Neng Manufacturing Co., Ltd. — 100.00 Newly established and merged with Shenzhen Xinglitu Technology

100.00 Shenzhen Shenzhen E-commerce

Co., Ltd. 100.00 New establishment and merger

—(2) Important non-wholly owned subsidiaries

Shareholdings of minority shareholders. Attributable to minority in the current period. To minority shareholders in the current period. Name of subsidiary with minority shareholder rights at the end of the period.

Proportion Shareholders’ profit and loss Balance of dividends declared for distribution Foshan Zhuohui Metal

49.00% 33,587,726.27 — 126,976,237.92 Products Co., Ltd.

Foshan Lianyi Thermal Energy

49.00% 6,476,311.73 — 19,252,868.76 Technology Co., Ltd.

(3) Significant restrictions on the use of enterprise group assets and repayment of enterprise group debts

None.

(4) There is no financial support or other support provided to structured entities included in the scope of consolidated financial statements.

Transactions in which the owner's equity share in the subsidiary changes and the subsidiary is still controlled

None.

Interests in joint arrangements or associates

joint venture or associate

Shareholding ratio (%) Main place of business of the joint venture or associate Registered place Nature of business Name of the association investing in the joint venture Direct Indirect

Accounting treatment method for joint ventures

Metal products research

Foshan Fulongjia Metal

Foshan City Foshan City Development, production, — 30.00 Equity Law Products Co., Ltd.

sales

Important joint operations

None.

Interests in structured entities not included in the scope of consolidated financial statements

None.

9. Government subsidies

Government subsidies recognized according to the amount receivable at the end of the period

As of June 30, 2026, the balance of government subsidy receivables was RMB 0.00.

113045

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

Liability items involving government subsidies

Assets and liabilities Current period included in 2026

2025

Newly added in this period Transferred to it in this period Other assets/statement items reported in the current period Remainder of December 31st Non-operating income Remainder of June 30th

Subsidy amount

Other income Other changes Income related items Amount of investment

with assets

5,644,314.322,750,000.00 651,412.98 7,742,901.34

Deferred income related

Government subsidies included in current profits and losses

Income statement presentation items January-June 2026 January-June 2025

Other income 682,412.98 979,182.35

Total 682,412.98 979,182.35

10. Risks related to financial instruments

The Company's risks related to financial instruments originate from various financial assets and financial liabilities recognized by the Company in the course of its operations, including: credit risk, liquidity risk and market risk.

The management of the Company is responsible for the management objectives and policies of the Company's various risks related to financial instruments. The operating management is responsible for daily risk management through functional departments (for example, the company's credit management department reviews the company's credit sales one by one). The Company's internal audit department conducts daily supervision on the implementation of the Company's risk management policies and procedures, and reports relevant findings to the Company's Audit Committee in a timely manner.

The overall goal of the company's risk management is to formulate risk management policies that reduce risks related to various financial instruments as much as possible without unduly affecting the company's competitiveness and resilience.

Credit risk

Credit risk refers to the risk that one party to a financial instrument fails to perform its obligations, resulting in financial losses to the other party. The Company's credit risk mainly arises from monetary funds, notes receivable, accounts receivable and other receivables. The credit risk of these financial assets originates from counterparty default. The maximum risk exposure is equal to the carrying amount of these instruments.

The company's monetary funds are mainly deposited in financial institutions such as commercial banks. The company believes that these commercial banks have high reputation and asset status and have low credit risks.

For notes receivable, accounts receivable, receivable financing and other receivables, the Company sets relevant policies to control credit risk exposure. The company is based on the customer's financial situation, the possibility of obtaining guarantees from third parties, credit history and its

113055

Jinfu Technology Co., Ltd. 2026 Semi-Annual Report Full Text Other factors such as current market conditions are used to evaluate the credit qualifications of customers and set corresponding credit periods. The company will regularly monitor customer credit records. For customers with poor credit records, the company will use written reminders, shorten the credit period or cancel the credit period to ensure that the company's overall credit risk is within a controllable range.

(1) Judgment criteria for significant increase in credit risk

The Company assesses on each balance sheet date whether the credit risk of relevant financial instruments has increased significantly since initial recognition. When determining whether credit risk has increased significantly since initial recognition, the Company considers reasonable and evidence-based information that can be obtained without unnecessary additional cost or effort, including qualitative and quantitative analysis based on the Company's historical data, external credit risk ratings, and forward-looking information. Based on a single financial instrument or a combination of financial instruments with similar credit risk characteristics, the Company determines the changes in default risk during the expected duration of the financial instrument 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.

When one or more of the following quantitative and qualitative criteria are triggered, the Company believes that the credit risk of financial instruments has increased significantly: the quantitative criteria are mainly that the default probability of the remaining duration on the reporting date has increased by more than a certain percentage compared with the initial recognition; the qualitative criteria are that there are major adverse changes in the operating or financial conditions of the main debtor, the list of early warning customers, etc.

(2) Definition of credit-impaired assets

In order to determine whether credit impairment has occurred, the definition standards adopted by the Company are consistent with the internal credit risk management objectives for relevant financial instruments, while taking into account quantitative and qualitative indicators.

When the company assesses whether a debtor has suffered credit impairment, it mainly considers the following factors: the issuer or the debtor encounters major financial difficulties; the debtor breaches the contract, such as default or overdue payment of interest or principal; the creditor gives the debt due to economic or contractual considerations related to the debtor's financial difficulties; Concessions that a person would not make under any other circumstances; the debtor is likely to go bankrupt or undergo other financial reorganization; financial difficulties of the issuer or debtor result in the disappearance of an active market for the financial asset; purchase or origination of 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.

(3) Parameters for measuring expected credit losses

Depending on whether there is a significant increase in credit risk and whether credit impairment has occurred, the Company measures impairment provisions for different assets based on expected credit losses for 12 months or the entire duration. Key parameters for measuring expected credit losses include probability of default, loss given default rate and exposure to default risk. The Company considers quantitative analysis and forward-looking information of historical statistical data (such as counterparty ratings, guarantee methods and collateral types, repayment methods, etc.) to establish default probability, default loss rate and default risk exposure models.

113065

The relevant definitions of the full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. are as follows:

Probability of default refers to the possibility that a debtor will be unable to meet its payment obligations in the next 12 months or throughout the remaining lifetime.

Loss given default refers to the Company’s expectation of the extent of loss due to default risk exposure. LGDs vary depending on the type of counterparty, the method and priority of recourse, and the collateral. The loss given default rate is the percentage of risk exposure loss when a default occurs, calculated based on the next 12 months or the entire duration;

Exposure at default is the amount that the Company will be reimbursed in the event of a default over the next 12 months or throughout the remaining lifetime. Forward-Looking Information The assessment of significant increases in credit risk and the calculation of expected credit losses involve forward-looking information. Through historical data analysis, the Company identifies key economic indicators that affect the credit risk and expected credit losses of each business type.

The Company's maximum exposure to credit risk is the carrying amount of each financial asset on the balance sheet. The Company has not provided any other guarantees that may expose the Company to credit risk. For information on the risk exposure of accounts receivable and other receivables, see Note V. 3 and Note V. 5.

Liquidity risk

Liquidity risk refers to the risk of a shortage of funds when an enterprise fulfills its obligations to settle by delivering cash or other financial assets. The company is responsible for the overall cash management of all subsidiaries within the company, including short-term investment of cash surplus and raising loans to meet expected cash needs. The Company's policy is to regularly monitor short-term and long-term liquidity requirements and compliance with borrowing agreements to ensure that adequate cash reserves and marketable securities are readily liquidated.

Market risk

(1) Foreign exchange risk

The Company's exchange rate risk mainly comes from foreign currency assets and liabilities held by the Company and its subsidiaries that are not denominated in their accounting functional currency. The Company's exposure to exchange rate risks is mainly related to businesses denominated in U.S. dollars. Please see Note V. 48 for details.

The Company pays close attention to the impact of exchange rate changes on the Company's exchange rate risk. Management is responsible for monitoring exchange rate risks and considering taking appropriate measures to hedge significant exchange rate risks when necessary.

On June 30, 2026, with other risk variables unchanged, if the RMB appreciates or depreciates by 10% against the US dollar on that day, the company's total profit for the year will decrease or increase by RMB 12,102,800.

113075

Full text of 2026 Semi-annual Report of Jinfu Technology Co., Ltd. (2) Interest rate risk

The Company's interest rate risk mainly arises from long-term interest-bearing debts such as long-term bank borrowings and bonds payable. Financial liabilities with floating interest rates expose the Company to cash flow interest rate risk, while financial liabilities with fixed interest rates expose the Company to fair value interest rate risk. The Company determines the relative proportion of fixed-rate and floating-rate contracts based on the prevailing market environment.

The financial department of the company's headquarters continues to monitor the group's interest rate levels. Rising interest rates will increase the cost of new interest-bearing debt and the interest expenses of the company's unpaid interest-bearing debt with floating interest rates, and will have a significant adverse impact on the company's financial performance. Management will make timely adjustments based on the latest market conditions.

Transfer of financial assets

None.

11. Disclosure of fair value

The level to which the fair value measurement result belongs is determined by the lowest level to which the input value that is significant to the overall fair value measurement belongs:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: input values that are directly or indirectly observable for relevant assets or liabilities in addition to input values at the first level.

Level 3: Unobservable input values of related assets or liabilities.

On June 30, 2026, the fair value of assets and liabilities measured at fair value

Fair value as of June 30, 2026

Item Level 1 Fair Price Level 2 Fair Price Level 3 Fair Price

total

value measurement value measurement value measurement

1. Continuous fair value measurement:

(1) Trading financial assets — — — —

(2) Accounts receivable financing — — 86,624,828.08 86,624,828.08

(3) Other equity instrument investments - assets that are continuously measured at fair value

— — 86,624,828.08 86,624,828.08 Total

For financial instruments traded in an active market, the Company determines its fair value based on active market quotations; for financial instruments not traded in an active market, the Company uses valuation techniques to determine its fair value.

Continuous and non-continuous third-level fair value measurement items, valuation techniques used and qualitative and quantitative information on important parameters

113085

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text Receivables Financing Because the remaining period is short and the book value is close to the fair value, the book value is used as the fair value.

Fair value of financial assets and financial liabilities not measured at fair value

The Company's financial assets and financial liabilities measured at amortized cost mainly include: monetary funds, notes receivable, accounts receivable, other receivables, debt investments, notes payable, accounts payable, other payables, etc.

The difference between the book value and fair value of the above-mentioned financial assets and financial liabilities not measured at fair value is very small.

12. Related parties and related transactions

Criteria for identifying related parties: One party controls or jointly controls the other party or exerts significant influence on the other party, and two or more parties are controlled or jointly controlled by one party to constitute a related party.

Information about the company’s parent company

As of June 30, 2026, Chen Shanshan, Chen Jinpei, and Chen Wanru directly and indirectly held a total of 64.16% of the company's equity and were the actual controllers of the company.

Information about the company’s subsidiaries

For details of the company's subsidiaries, please see Note 8. Equity in other entities.

Information about other related parties of the company

Names of other related parties Relationship between other related parties and the company Mo Zhenlong Direct shareholder with more than 5% shares Dongguan Beisheng Investment Partnership (Limited Partnership) Company controlled by the actual controller Dongguan Jingai Investment Partnership (Limited Partnership) Company controlled by the actual controller Dongguan Zuyu Property Investment Co., Ltd. Company controlled by the actual controller Dongguan Fujin Investment Partnership (Limited Partnership) Company controlled by the actual controller Foshan Fulongjia Metal Products Co., Ltd. Indirect shareholding 30% of companies

Related transactions

(1) Related transactions related to the purchase and sale of goods, provision and receipt of services

①Procurement of goods and receipt of services

Related party Related party transaction content Amount incurred from April to June 2026 (yuan) Foshan Fulongjia Metal Products Co., Ltd. Material procurement 4,719,433.04

113095

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. (2) Related trusteeship and contracting status

None.

(3) Related leasing situation

None.

(4) Related party guarantee

None.

(5) Fund lending by related parties

None.

(6) Asset transfer and debt restructuring of related parties

None.

(7) Remuneration of key management personnel

Unit: RMB 10,000 Project Amount from January to June 2026 Amount from January to June 2025 Remuneration of key management personnel 217.29 291.74

Accounts receivable and payable from related parties

(1) Items receivable

None.

(2) Payable items

Unit: Yuan

Project name Related parties Accounts payable on June 30, 2026 Foshan Fulongjia Metal Products Co., Ltd. 3,721,497.60

13. Commitments and contingencies

Important commitments

As of June 30, 2026, the company has issued letters of credit totaling US$2,283,310.00, equivalent to RMB 15,551,396.08.

114005

Full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. In addition to the above matters, the company has no other major commitments that need to be disclosed.

114015

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

Contingencies

As of June 30, 2026, the company was sued by others due to intermediary contract disputes, with the litigation amount amounting to RMB 13.8815 million. The case is currently under trial.

Except for the above matters, the Company has no major contingencies that need to be disclosed.

14. Other important matters

Correction of previous accounting errors

None.

Segment information

(1) Basis for determination of reporting segments and accounting policies

The company determines operating segments based on its internal organizational structure, management requirements, and internal reporting systems, and determines reporting segments based on product categories.

(2) Financial information of reportable segments

January-June 2026 January-June 2025

Product Category

Main business income Main business cost Main business income Main business cost Packaging products 456,008,376.07 330,854,603.20 399,751,690.66 298,764,348.99 Liquid cooling products

275,613,277.66 137,639,154.91 — and components

Total 731,621,653.73 468,493,758.11 399,751,690.66 298,764,348.99

15. Notes on main items of the parent company’s financial statements

Accounts receivable

(1) Disclosure based on aging

Account aging June 30, 2026 December 31, 2025

Within 1 year 154,737,789.66 87,928,920.50 1 to 2 years 10,630,198.76 3,813,703.84 2 to 3 years — 649.55 More than 3 years 208,126.85 208,269.30

Subtotal 165,576,115.27 91,951,543.19 Less: Bad debt provision 7,588,216.80 4,084,364.67 Total 157,987,898.47 87,867,178.52

114028

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

(2) Classified disclosure according to bad debt accrual method

June 30, 2026

Book balance Bad debt provision Book value category

Amount Proportion (%) Amount Provision Proportion (%)

Provision for bad debts on an individual basis

— — — — — Provision for bad debts based on portfolio 165,576,115.27 100.00 7,588,216.80 4.58 157,987,898.47 1. Portfolio 1: Consolidated scope of receivables

17,900,979.21 10.81 — — 17,900,979.21 Related party customers

Combination 2: Receivable from other customers

147,675,136.06 89.19 7,588,216.80 5.14 140,086,919.26 households

Total 165,576,115.27 100.00 7,588,216.80 4.58 157,987,898.47

(Continued from above table)

December 31, 2025

Book balance Bad debt provision

Category

book value

Amount Proportion (%) Amount Provision Proportion (%)

Provision for bad debts on an individual basis

— — — — — Provision for bad debts based on combination 91,951,543.19 100.00 4,084,364.67 4.44 87,867,178.52 1. Portfolio 1: Consolidation scope of receivables

Related party customers within the scope 14,227,793.90 15.47 — — 14,227,793.90 2. Portfolio 2: Receivables from other customers

77,723,749.29 84.53 4,084,364.67 5.25 73,639,384.62 households

Total 91,951,543.19 100.00 4,084,364.67 4.44 87,867,178.52 Specific instructions for bad debt provision:

①On June 30, 2026, and December 31, 2025, the Company did not make provision for bad debts on an individual basis.

② On June 30, 2026 and December 31, 2025, the company’s accounts receivable for which bad debt provisions are made by related party customers within the scope of combination 1 receivable are as follows:

June 30, 2026 December 31, 2025

Proportion of provision Proportion of provision Aging of account

Book balance, provision for bad debts (%) Book balance, provision for bad debts (%)

Within the scope of consolidation

Related party customers 17,900,979.21 — — 14,227,793.90 — — ③On June 30, 2026, and December 31, 2025, the company accrued bad debt provisions based on portfolio 2 receivables from other customers

114038

The accounts receivable situation of the full text of the 2026 semi-annual report of Jinfu Technology Co., Ltd. is as follows:

June 30, 2026 December 31, 2025

Provision vs. Provision vs. Aging of accounts Example

Book balance Provision for bad debts Book balance Provision for bad debts

(%) (%) Within 1 year 147,332,219.50 7,366,610.98 5.00 77,514,249.09 3,875,712.45 5.00 1-2 years 134,789.71 13,478.97 10.00 581.35 58.14 10.00 2-3 years — —

50.00 649.55 324.78 50.00 More than 3 years 208,126.85 208,126.85 100.00 208,269.30 208,269.30 100.00

Total 147,675,136.06 7,588,216.80 5.14 77,723,749.29 4,084,364.67 5.25 Please refer to Note III.11 for the confirmation standards and explanation of bad debt provisions on a group basis.

(3) Changes in bad debt provisions

2025 Amount of changes in the current period 2026 category

December 31 Provision Recovery or reversal Write-off or write-off Other changes June 30 Bad debt provision 4,084,364.67 3,503,852.13 7,588,216.80

— — —

(4) There are no accounts receivable actually written off in this period.

(5) Accounts receivable with top five closing balances by debtors

Accounting for the closing balance of accounts receivable

Proportion of the total amount of bad debt provision for accounts receivable at the end of the period

Unit name Closing balance of accounts receivable

(%) Balance

First place 65,373,471.31 39.48 3,268,673.57 Second place 21,277,676.68 12.85 1,063,883.83 Third place 19,124,560.68 11.55 956,228.03 Fourth place 11,823,541.59 7.14 591,177.08 Fifth place 8,383,566.91 5.06 —

Total 125,982,817.17 76.08 5,879,962.51

(6) At the end of the period, the company had no accounts receivable derecognized due to transfer of financial assets.

(7) At the end of the period, the company has no transferred accounts receivable and continues to be involved in the amount of assets and liabilities.

Other receivables

(1) Classified listing

114048

Jinfu Technology Co., Ltd. 2026 Semi-annual Report Full Text Project June 30, 2026 December 31, 2025

interest receivable

— Dividends receivable

— —Other receivables 573,865,672.58 91,392,338.63

114058

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

Project June 30, 2026 December 31, 2025

Total 573,865,672.58 91,392,338.63

(2) Other receivables

① Disclosure based on aging

Account aging June 30, 2026 December 31, 2025

Within 1 year 487,811,393.96 5,394,199.88 1 to 2 years 8,952,599.97 20,140,362.85 2 to 3 years 41,460,369.88 38,455,737.34 More than 3 years 36,980,925.48 28,733,237.87

Subtotal 575,205,289.29 92,723,537.94 Less: bad debt provision 1,339,616.71 1,331,199.31

Total 573,865,672.58 91,392,338.63 ② Classification by nature of payment

Nature of payment June 30, 2026 December 31, 2025

Current accounts 570,876,802.67 88,437,521.71Deposit 3,603,790.00 3,453,790.00Others 724,696.62 832,226.23

Subtotal 575,205,289.29 92,723,537.94 Less: bad debt provision 1,339,616.71 1,331,199.31

Total 573,865,672.58 91,392,338.63 ③ Disclosure by category according to bad debt accrual method

A. The bad debt provisions as of June 30, 2026 are accrued according to the three-stage model as follows:

Stage Book balance Bad debt provision Book value

First stage 575,205,289.29 1,339,616.71 573,865,672.58 Second stage

————The third stage

— — —

Total 575,205,289.29 1,339,616.71 573,865,672.58

On June 30, 2026, bad debt provisions in the first stage:

Category Book balance Provision ratio (%) Bad debt provision Bad debt provision is made individually based on the book value

— — — —Provision for bad debts on a group basis 575,205,289.29 0.23 1,339,616.71 573,865,672.58

114069

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

Category Book balance Provision ratio (%) Bad debt provision Book value

Combination 1: Receivables consolidation

570,876,802.67 Amounts from related parties within the scope of 570,876,802.67 — —

Combination 2: Other receivables

4,328,486.62 30.95 1,339,616.71 2,988,869.91 amount

Total 575,205,289.29 0.23 1,339,616.71 573,865,672.58 As of June 30, 2026, the company had no bad debt provisions in the second or third stages.

B. The bad debt provisions as of December 31, 2025 are accrued according to the three-stage model as follows:

Stage Book balance Bad debt provision Book value

First stage 92,723,537.94 1,331,199.31 91,392,338.63 Second stage

————The third stage

— — —

Total 92,723,537.94 1,331,199.31 91,392,338.63 On December 31, 2025, bad debt provisions in the first stage:

Category Book balance Provision ratio (%) Bad debt provision Bad debt provision is made individually based on the book value

— — — —Provision for bad debts on a group basis 92,723,537.94 1.44 1,331,199.31 91,392,338.63

Combination 1: Receivables consolidation

Amounts from related parties within the scope 88,437,521.71 — — 88,437,521.71

Combination 2: Other receivables

4,286,016.23 31.06 1,331,199.31 2,954,816.92 amount

Total 92,723,537.94 1.44 1,331,199.31 91,392,338.63 As of December 31, 2025, the Company had no bad debt provisions in the second or third stages.

Please refer to Note 3.11 for the recognition standards and explanation of bad debt provision on a group basis.

④Changes in bad debt provisions

2025 Amount of changes in the current period 2026 category

December 31 Provision Recovery or reversal Write-off or write-off Other changes June 30 Bad debt provision 1,331,199.31 8,417.40 — 1,339,616.71

— —

⑤The company has no other receivables actually written off in this period.

⑥ Other receivables with top five closing balances collected by debtors

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

Accounting for other receivables at the end of the period

2026

Proportion of total balance

Unit name Nature of payment Aging of bad debt provisions Balance as of June 30

(%)

First place Current account 482,412,000.00 Within 1 year 83.87

—Second place Current account 74,893,507.42 Within 5 years 13.02

—Third place current account 13,571,295.25 Within 5 years 2.36 —Fourth place deposit 2,000,000.00 1-2 years 0.35 200,000.00Fifth place deposit 500,000.00 More than 3 years 0.09 500,000.00Total 573,376,802.67 99.68 700,000.00

⑦ During the current period, the company has no situation in which funds are listed in other receivables due to centralized management of funds.

⑧At the end of the period, the Company has no other receivables derecognized due to transfer of financial assets.

⑨ At the end of the period, the company has no transfer of other receivables and the amount of assets and liabilities formed by continued involvement.

Long-term equity investment

(1) Long-term equity investment situation

June 30, 2026 December 31, 2025

Impairment Impairment

Project

Book balance Book value Book balance Book value provision Provision

Investment in subsidiaries 669,899,469.85 — 669,899,469.85 569,799,469.85 — 569,799,469.85

(2) Investment in subsidiaries

June 2026 2025 2026 Provision for this period is reduced

Invested unit Increase in the current period Decrease in the current period 30-day impairment quasi-December 31 June 30 Value provision

Reserve balance Hunan Jinfubao Co., Ltd.

— — — — Co., Ltd. 133,489,469.85 133,489,469.85

Qianxi County Jinfu Packaging

— — — — Products Co., Ltd. 60,000,000.00 60,000,000.00

Guilin Xiangzhao Technology Co., Ltd.

— — — — Co., Ltd. 266,310,000.00 266,310,000.00

Sichuan Jinfu Packaging Co., Ltd.

— — — — Co., Ltd. 110,000,000.00 110,000,000.00

Guangdong Jinfu Intelligent Manufacturing

— 100,000,000.00 — — — Zao Technology Co., Ltd. 100,000,000.00

Shenzhen Xingli Tuke

— 100,000.00 — 100,000.00 — — Technology Co., Ltd.

Total 569,799,469.85 100,100,000.00 — 669,899,469.85 — —

114181

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

Operating income and operating costs

January-June 2026 January-June 2025

Project

revenue cost revenue cost

181,017,096.8 Main business 257,022,431.39 182,963,887.98 238,220,220.12

Other business 6,017,456.36 4,087,239.91 4,943,646.85 2,731,705.24 183,748,802.0

Total 263,039,887.75 187,051,127.89 243,163,866.97

Investment income

Project January-June 2026 January-June 2025

Investment income from structured deposits 155,084.39 117,465.75

16. Supplementary information

Detailed statement of non-recurring profits and losses for the current period

Item January-June 2026 Gains and losses from disposal of non-current assets from January to June 2025, including asset impairments that have been provided

The write-off portion of the provision 1,595.31 5,528,065.24 Government subsidies included in the current profit and loss, but are related to the company’s normal operations

Closely related to the business, in compliance with national policies and regulations, and in accordance with the determined

The government enjoys the standards and has a continuous impact on the company's profits and losses 59,363.83

127,119.29 subsidy excluded

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

Outside of financial affairs, it holds trading financial assets and trading financial liabilities.

Gains and losses arising from changes in fair value, and transaction fees from disposal 215,802.16

153,326.86 Financing

114192

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

Project January to June 2026 Obtained assets, trading financial liabilities and available-for-sale financial assets from January to June 2025

investment income

Other non-operating income and expenses other than the above items -1,249,152.71 -11,709.16 Other profit and loss items that meet the definition of non-recurring gains and losses 82,064.33 81,853.66

Total non-recurring gains and losses -890,327.08 5,878,655.89 Less: income tax impact of non-recurring gains and losses 52,043.26 894,819.68

Net non-recurring gains and losses -942,370.34 4,983,836.21 Less: Net non-recurring gains and losses attributable to minority shareholders -542,857.23

—

Net non-recurring profits and losses attributable to the company's ordinary shareholders -399,513.11 4,983,836.21

Return on equity and earnings per share

①January-June 2026

Weighted average net capital Earnings per share

yield rate

Profit during the reporting period

Basic earnings per share Diluted earnings per share

(%)

Net profit attributable to the company’s ordinary shareholders 5.86 0.31 0.31 Net profit attributable to the company’s ordinary shareholders after deducting non-recurring gains and losses

5.89

Net profit of shareholders 0.31 0.31

②January-June 2025

Weighted average net capital Earnings per share

yield rate

Profit during the reporting period

Basic earnings per share Diluted earnings per share

(%)

Net profit attributable to the company’s ordinary shareholders 3.15 0.16 0.16 Net profit attributable to the company’s ordinary shareholders after deducting non-recurring gains and losses

Net profit of shareholders 2.83 0.14 0.14