Far East Smarter Energy (600869) has released its H1 2026 report, posting record-high revenue of RMB 12.992 billion for the period. Net profit attributable to shareholders reached RMB 205 million, up 43.13% year-on-year, while net profit excluding non-recurring items hit RMB 199 million, soaring 73.35% YoY — underscoring significantly improved earnings quality and robust core business growth.

The strength of this performance lies not only in steady revenue growth, but also in the fact that profit growth far outpaced revenue growth — delivering a substantial leap in profitability amid modest revenue gains. This marks Far East's accelerating transition from scale-driven growth to quality-driven development, with structural improvements in operational efficiency and effectiveness.

Smart Cable Network / Electric Power: Strengthening the National Strategic Foundation

As the company's cornerstone business, Smart Cable Network / Electric Power generated RMB 10.673 billion in revenue and RMB 183 million in net profit in H1, securing RMB 8.072 billion in new orders exceeding RMB 10 million each.

During the period, the company received multiple industry honors including the "2026 China Top 10 Leading Wire & Cable Brands." Aligned with the 15th Five-Year Plan and the national "Six Networks" infrastructure initiative, the business serves six major infrastructure projects including new power grids, national water networks, and the "East Data, West Computing" hubs.

In UHV, Far East participated in Zhejiang's 1,000 kV UHV AC ring network — China's first provincial-level UHV AC loop project; in marine engineering, delivered the country's first 66 kV aluminum-core submarine cable; and in AI computing infrastructure, continued to achieve technological breakthroughs and project wins.

Far East Participates in Zhejiang 1,000 kV UHV AC Ring Network — China‘s First Provincial-Level UHV AC Loop Project

Far East Successfully Delivers China’s First 66 kV Aluminum-Core Submarine Cable

Far East Participates in UCloud Ulanqab AI Computing Center

Clear Strategy, Strong Growth Prospects

From UHV backbone grids to deep-sea offshore wind, from AI computing infrastructure to overseas market breakthroughs, Far East Smarter Energy remains committed to its "ALL IN Power + Computing Power + AI" strategy, consistently strengthening profitability and steadily unlocking growth potential.

With grid fixed-asset investment during the 15th Five-Year Plan period expected to exceed RMB 5 trillion, and the smart cable industry accelerating its evolution toward high-end, intelligent, and international development, Far East Smarter Energy — backed by its full-industry-chain advantages and sustained innovation capabilities — is well-positioned to continue benefiting from the new cycle of energy infrastructure development, delivering higher-quality growth and returning value to the market's trust.