Shengyang Co., Ltd. announced that the cumulative deviation value of the closing price increase of the company's stock exceeded 20% for three consecutive trading days from July 27 to 29, which was an abnormal fluctuation. Up to now, the liquid-cooled energy storage system has not won the bid and has not generated revenue; solid state and sodium-ion batteries are in the pilot application stage and have not generated revenue, and it will take time until mass production. Revenue in 2025 was 3.415 billion yuan, up 13.28% year on year, net profit was 186 million yuan, down 9.43% year on year; Q1 revenue in 2026 was 902 million yuan, up 19.65% year on year, and net profit was 61 million yuan, up 0.43% year on year. The company reminds investors to be aware of transaction risks.

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