ST Xuelang: Net assets at the end of the first quarter of 2026 are negative

ST Xuelang Announcement, as of March 31, 2026, the total shareholders’ equity attributable to the listed company’s shareholders is -5.7105 million yuan, a negative value. The net profit attributable to the shareholders of the listed company in the first quarter of 2026 is -36.9974 million yuan. The main reason for the company’s loss is the decline in operating income, fixed expenses that cannot be amortized, and the increase in bad debt provisions due to accounts receivable aging, leading to higher cost expenditures.

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