Huatel: It is expected that the net loss in the first quarter of 2026 will be between 13 million and 16.8 million yuan.

Huatel announces that it is expected to incur a net loss attributable to shareholders of the listed company in the first quarter of 2026 ranging from 13 million to 16.8 million RMB, compared to a profit of 17.03 million RMB in the same period last year. The main reasons for the decline in net profit in the first quarter of 2026 are: first, a decrease in the gross profit margin of some products; and second, a large investment in energy-saving and environmentally friendly upgrade projects for synthetic ammonia production, where the depreciation costs are calculated using the double declining balance method for cost allocation, impacting the company's profits to a certain extent.