[Huaming Equipment releases 2026 semi-annual report, overseas revenue orders continue to increase] On August 30, Huaming Equipment (002270) released its 2026 semi-annual report. The core business of power equipment achieved operating income of 1.099 billion, a year-on-year increase of 14.64%. Direct export and indirect export sales achieved revenue of 449 million, a year-on-year increase of 44.59%, accounting for more than 40% of the power equipment operating income. The growth rate of new orders was equivalent to the same period last year. During the reporting period, equity incentive costs of RMB 47.49 million were incurred, exchange losses increased by RMB 20.87 million year-on-year, and investment in market development increased. The company finally achieved a net profit attributable to the parent company of RMB 390 million, a year-on-year increase of 5.79%, and a net profit after non-attribution to the parent company of RMB 367 million, a year-on-year increase of 1.61%. Excluding the impact of equity incentive costs, the net profit attributable to the parent company was 425 million, a year-on-year increase of 15.26%. During the reporting period, the asset-liability ratio dropped from 39.09% at the beginning of the period to 32.71% at the end of the period, and the net cash flow from operating activities was 459 million, a year-on-year increase of 44.41%.