Farantek Heavy Industry Co., Ltd. 2025 Annual Performance Briefing Announcement

Stock Code: 603966 Stock Abbreviation: Farant Tech Announcement Number: 2026-011

Farant Tech Heavy Industry Co., Ltd.

2025 Annual Performance Brief Announcement

The Board of Directors and all directors of the company guarantee that there are no false records, misleading statements, or significant omissions in this announcement, and bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

The main financial data for the year 2025 contained in this announcement is preliminary accounting data and has not been audited by an accounting firm. The specific data shall be based on the data disclosed in the 2025 annual report of Farant Tech Heavy Industry Co., Ltd. (hereinafter referred to as the “Company”), and investors are advised to pay attention to investment risks.

I. Main Financial Data and Indicators for 2025

Unit: RMB Yuan

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Note: 1. The initial data for this reporting period is the same as the legally disclosed year-end data of the previous year.

2. The data in the above table is prepared based on consolidated financial statements but has not been audited. The specific data shall be based on the data disclosed in the company’s 2025 annual report.

II. Explanation of Operating Performance and Financial Condition

1. Operating conditions, financial status, and main factors affecting operating performance during the reporting period

In 2025, the company achieved operating income of 2,418.6227 million yuan, a year-on-year increase of 13.59%; operating profit of 293.4938 million yuan, a year-on-year increase of 44.64%; total profit of 292.0721 million yuan, a year-on-year increase of 44.15%; net profit attributable to shareholders of the listed company was 229.3125 million yuan, a year-on-year increase of 37.35%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 196.6414 million yuan, a year-on-year increase of 24.67%; the basic earnings per share for 2025 was 0.6035 yuan, a year-on-year increase of 29.92%; the weighted average return on net assets was 12.46%.

As of the end of 2025, the company’s total assets were 4,377.3576 million yuan, an increase of 16.57% from the beginning of the period; the equity attributable to shareholders of the listed company was 2,074.5246 million yuan, an increase of 28.17% from the beginning of the period; the net assets per share attributable to shareholders of the listed company were 5.2032 yuan, an increase of 15.76% from the beginning of the period.

The company’s operating performance has achieved sustained and stable growth, driven primarily by the overall improvement in the prosperity of its core material handling solutions business. The company is deeply engaged in the material handling field, providing customized solutions for various sectors of the national economy and major national engineering projects, focusing long-term on leading market segments, with extensive downstream application scenarios and diversified layouts.

In recent years, multiple industry benefits have resonated, driving the company’s operating performance to steadily rise. Firstly, the prosperity of certain downstream industries continues to rise, with strong demand in key areas such as shipbuilding, power grids, and energy minerals; secondly, leading downstream enterprises are accelerating their layout of new productive forces, with a rapid increase in demand for high-end equipment like intelligent cranes; thirdly, the concentration of downstream industries is steadily increasing, with market share concentrating towards leading enterprises, matching the company’s strategic positioning focusing on leading enterprises in various sub-markets; fourthly, global infrastructure and industrial investment prosperity is improving, with continuous release of demand in overseas sub-markets, helping the company’s overseas business achieve rapid growth; fifthly, major projects like water conservancy and hydropower are accelerating implementation, continuously releasing new demand for material handling equipment. Multiple influencing factors are overlapping, jointly driving the company to achieve high-quality development in a high prosperity cycle.

2. Explanation of changes exceeding 30%

Among the main financial data mentioned above, total profit increased by 44.15% year-on-year; net profit attributable to shareholders of the listed company increased by 37.35%, both exceeding 30%. The main influencing factors are the continuous and stable growth of the main business, coupled with steadily improving operational efficiency.

During the reporting period, the company achieved operating income of 2.419 billion yuan, setting a new historical record, with an average annual compound growth rate of 18.16% since its listing in 2017; at the same time, the net profit margin steadily increased, achieving a net profit of 229 million yuan for the whole year, also a historical high, with an average annual compound growth rate of net profit of 17.34% since its listing in 2017.

From 2024 to now, the company’s main material handling solutions have continued to strengthen in core sectors such as shipbuilding, water conservancy and hydropower, going overseas, and automation, with orders continuing to improve, and some confirmed orders during the reporting period bringing continuous profit release. By the end of the reporting period, the company’s contract liabilities reached 881 million yuan, a year-on-year increase of 62%. The company is currently in a good development phase of steady operation and continuous performance improvement.

III. Risk Warning

The company does not have major uncertainties affecting the accuracy of this performance brief. The main financial data for the year 2025 contained in this announcement is preliminary accounting data and has not been audited by an accounting firm. The specific data shall be based on the officially disclosed 2025 annual report of the company. We kindly advise all investors to pay attention to investment risks.

This announcement is hereby made.

Board of Directors of Farant Tech Heavy Industry Co., Ltd.

March 27, 2026

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