Announcement • Apr 24
Hunan Heshun Petroleum Co.,Ltd. announced that it expects to receive CNY 300 million in funding Hunan Heshun Petroleum Co.,Ltd. has announced private placement to issue A shares not more than 30% of total share capital at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds not more then CNY 300,000,000 on April 22, 2026. The transaction will include investor participation not more than 35 investors. The transaction is approved by 4th directorate in 9th meeting of proposal about submitting a proposal to the shareholders meeting to authorize the directorate to Implement a simplified private placement of shares. The transaction is subject to approval of company’s annual shareholders. All the securities issued in the offering is subject to a hold period of 6 months from date of issuance. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.07 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (up from CN¥0.07 in 1Q 2025). Revenue: CN¥698.6m (down 8.9% from 1Q 2025). Net income: CN¥22.1m (up 75% from 1Q 2025). Profit margin: 3.2% (up from 1.6% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Hunan Heshun Petroleum Co.,Ltd., Annual General Meeting, May 14, 2026 Hunan Heshun Petroleum Co.,Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China