Northern Group: Net profit for the first quarter was 20.4846 million yuan, a year-on-year decrease of 76.67%.

North Element Group announcement: In the first quarter of 2026, the operating revenue was 1.993 billion yuan, a decrease of 9.13% year-on-year. Net profit was 20.4846 million yuan, a decrease of 76.67% year-on-year. The main products, PVC, caustic soda, and cement, saw a decrease in sales prices compared to the same period, leading to a reduction in net profit compared to the same period.