Zhongheng Group: Net loss of 357 million yuan in 2025

China Heng Group announcement: In 2025, operating revenue was 1.75B yuan, down 16.92% year over year. Net profit was a loss of 357 million yuan; the loss in the same period last year was 377 million yuan. In 2025, the company repurchased 118 million shares of the company’s stock in total by using a centralized bidding trading method with cash as consideration. The total repurchase amount was 301 million yuan (excluding transaction fees such as stamp duty and trading commissions); in 2025 in total, the repurchase amount for shares repurchased and then canceled using a centralized bidding method with cash as consideration was 394 million yuan (including the repurchase and cancellation amount of shares repurchased in 2024 and for which cancellation procedures were handled in 2025). According to the relevant provisions of the 《Guidelines No. 3 for the Regulation of Listed Companies—Cash Dividends of Listed Companies》, 《Shanghai Stock Exchange Listing Rules》, 《Shanghai Stock Exchange Self-Regulatory Guidelines No. 1—Standardized Operation》, and the 《Articles of Association》 and other relevant regulations. Except for the share repurchases implemented in 2025, the company does not plan to distribute cash dividends, does not issue bonus shares, and does not convert capital reserve funds into share capital in 2025.