3 Days 2 Limit-up Moves for Lixin New Energy: Company's Overall Operating Conditions Remain Stable, No Significant Changes in Internal and External Operating Environment

People’s Financial News, March 24 — Sanhua New Energy announced on March 24 that its stock experienced abnormal trading fluctuations for two consecutive days. The company stated that its overall operations remain stable, with no significant changes in internal or external business environments, and that production and business activities are proceeding normally and in an orderly manner. However, with the accelerated development of new power systems and the transition of the electricity spot market into a continuous trial operation phase, the installed capacity of new energy in Xinjiang continues to grow rapidly. This has led to a relatively insufficient power absorption capacity within the region, resulting in a short-term decline in the utilization rate of new energy power, which in turn puts some pressure on the profitability of new energy companies. The company, its controlling shareholder, and its actual controller have no major undisclosed matters that should be disclosed, nor are there any major matters under planning.