Fangyuan Co., Ltd.: Net profit of 61.4473 million yuan in the first quarter.

Fangyuan Group announced that in the first quarter of 2026, its operating income was 665 million yuan, a year-on-year increase of 63.35%. Net profit was 61.4473 million yuan, compared to a loss of 49.6543 million yuan in the same period last year. With the application of new technologies lowering production costs and some metal prices continuously rising, the company's comprehensive gross profit margin has greatly improved. In addition, the recognition of income from some technology export cooperation projects has led to a turnaround from loss to profit compared to the same period last year.