KITCHENER, ON, Aug. 18, 2026 /PRNewswire/ — Canadian Solar Inc. (NASDAQ: CSIQ) (the “Company” or “Canadian Solar”) today announced that the remaining U.S. proceeding related to patent allegations brought by Maxeon Solar Pte. Ltd. (“Maxeon”) against Canadian Solar has been resolved in Canadian Solar’s favor. Maxeon’s patent infringement suit in the Federal District Court has now been dismissed with prejudice. Further, the U.S. Court of Appeals for the Federal Circuit vacated the relevant portion of the Patent Trial and Appeal Board (“PTAB”) decision relating to Maxeon’s remaining claim.

The proceedings stemmed from a March 2024 patent infringement lawsuit filed by Maxeon concerning three patents related to TOPCon solar cell technology. In Final Written Decisions issued in January 2026, the PTAB ruled in Canadian Solar’s favor, finding all Maxeon patent claims asserted against the Company in the federal court litigation invalid. Canadian Solar welcomes the dismissal of the lawsuit and the final resolution of these patent claims. The ruling provides important clarity and reinforces Canadian Solar’s claims of non-infringement.

Colin Parkin, Chief Executive Officer of Canadian Solar Inc., said, “We are very pleased with the resolution of these proceedings, which affirms Canadian Solar’s continued ability to compete through technology and manufacturing leadership. As one of the world’s largest renewable energy companies, Canadian Solar has built a global manufacturing platform and a deep intellectual property portfolio by advancing high-performance solar and energy storage solutions for our global customer base. We respect intellectual property rights and will continue to defend our technology, support our customers, and bring leading innovations to market.”

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

Highlights:

• Revenue performance was stable in the first half of the year. Against a backdrop where the overall industry growth was facing challenges, operating revenue was RMB 201.4 billion, representing a year-on-year increase of 0.6%. Service revenue was RMB 178.0 billion, representing a year-on-year decrease of 0.2%.
• Due to value-added tax and the change in timing of employee benefit expenses spending, net profit decreased by 34.6% year-on-year to RMB 9.5 billion. The Company expects the full-year contraction in net profit to narrow significantly.
• Cash flow was healthy and improving, with operating cash flow at RMB 32.9 billion, representing a year-on-year increase of 13.6% and reaching a new high in recent years.
• Computing power revenue was RMB 41.9 billion, representing a year-on-year increase of 13%.Within this, IDC revenue increased by 11% year-on-year, and computing service revenue increased by 9% year-on-year.
• Capital expenditure for the first half of the year was RMB 24.1 billion. Computing power investment mix increased to 37%, and the absolute investment amount increased by over 80% year-on-year.

HONG KONG, Aug. 18, 2026 /PRNewswire/ — China Unicom (Hong Kong) Limited and its subsidiaries (“China Unicom” or the “Company”) (HKEx: 0762) today announced its 2026 interim results.

In the first half of the year, China Unicom faced new opportunities and challenges, adhered to “Preserve and Innovate, Steady and Far-reaching”, focusing on the four major arenas of “connectivity”, “computing power”, “service”, and “security”. The Company strived to promote high-quality development, leading to a more solid operational foundation, stronger growth momentum, accelerated release of reform vitality, and continuous improvement in development quality and efficiency.

Operating revenue bucked the trend and increased by 0.6% in the first half of the year

In the first half of the year, against a backdrop where the overall industry growth was facing challenges, the Company’s operating revenue was RMB 201.4 billion, representing a year-on-year increase of 0.6%. Service revenue was RMB 178.0 billion, representing a year-on-year decrease of 0.2%. Profitability faced short-term pressure, with net profit at RMB 9.5 billion, representing a year-on-year decrease of 34.6%. The temporary profit volatility stemmed from multiple factors.  In addition to value-added tax, the change in the timing of employee benefit expenses spending was an important reason. For the full year, employee benefit expenses are expected to remain stable, with profit contraction narrowing significantly^[2]. Cash flow was healthy and improving, with net operating cash reaching RMB 32.9 billion, representing a year-on-year increase of 13.6%, setting a new record in recent years. The growth rate of accounts receivable slowed significantly compared to the same period last year.

Deepening institutional reform to stimulate vitality

China Unicom promoted institutional reform across the entire group, adhering to the principle of “One China Unicom” and focusing on “lean management and strong operations”. The Company focused on product innovation and brand building, aimed to resolve customers’ full-scenario and full-chain problems, regarded computing-network development as a key to technological innovation, strengthened the commercialisation and application of innovation achievements, and emphasised ecological cooperation and capital empowerment, building an organisational system with more scientific institutional settings, optimised functional responsibilities, enhanced systems and mechanisms, and more efficient operational management. Following this reform, the number of management departments at the headquarters has been reduced by nearly 40%, conducive to clearing bottlenecks, streamlining hierarchies, improving efficiency, and further unleashing development vitality.

Computing power revenue increased by 13% year-on-year

The momentum of computing power accelerated its release, with revenue^[3] at RMB 41.9 billion, representing a year-on-year increase of 13%. Computing power revenue accounted for 23.6% of service revenue, up by 2.7 pp year-on-year. Within this, IDC revenue increased by 11% year-on-year, and computing service revenue increased by 9% year-on-year.

Riding on the AI boom, China Unicom actively innovated on token operations. It established token pricing rules that are compatible with different models, manage data elements, and integrate connectivity and security capabilities. It enhanced the full-process operational model for token creation, transmission, cleansing, storage and application. It upgraded the UniAI MaaS platform, which has integrated over 200 mainstream LLMs, accumulated more than 500 TB of high-quality datasets, and established a “Token Supermarket” with scale, in order to enhance token value density. It launched token plans for individuals and enterprises. Focusing on key industries including manufacturing, government affairs, healthcare and education, it developed a series of AI agents with considerable application value and mature business models, tapping into new potential of subscriber value growth.

Creating differentiated advantages through product innovation

China Unicom has always taken connectivity as its greatest asset, expanding its scale, enriching its variety, and enhancing its value, with the total connectivity scale^[4] exceeding 1.3 billion. The Company comprehensively promoted the new “drag-and-drop” product format, breaking through the traditional packages. Through formats like “buffet” and “à la carte”, it returned the choice to subscribers, overcoming commoditised competition with differentiated products. Since the launch of the Unicom Magic Cube product over three months ago, it has been sold to more than 1.5 million subscribers, bringing to them a brand new service experience. Connectivity value has stabilised and improved, with the value of new subscribers higher than that of existing subscribers. The integrated penetration rate exceeded 78%, and the integrated package ARPU remained above RMB 100.

Building robust computing power network and next-generation telecommunication network with precise and efficient resource investment

Adhering to lean management, China Unicom implemented the “Six Networks” deployment, strengthened the computing power network and next-generation telecommunication network, and continuously improved return efficiency. Its capital expenditure for the first half of the year was RMB 24.1 billion.

The Company regards computing power as an engine for innovation, with the computing power investment mix rising to 37% and the absolute investment amount increasing by over 80% year-on-year. It strengthened deployment for “Eastern Data, Western Computing”, deepened the integration of computing power and green electricity, built 10,000-chip intelligent computing centres, integrated into the national integrated computing power network, seizing new opportunities in the industry with new technological capabilities. Currently, over 1.15 million standard cabinets^[5] have been deployed across the entire network, and the utilisation rate exceeded 74%. The “Unicom Xingluo” advanced computing power allocation platform has been given a full-stack upgrade, achieving full-domain perception, intelligent allocation and efficient collaboration of computing power across the entire network. The Company implemented industry-leading cross-region mixed training and inference on heterogeneous GPUs in large-scale production scenarios.

For mobile network, the Company have formed a coverage system with ground-space synergy and air-ground integration. A total of 4.8 million 4G/5G base stations have been built, with population coverage exceeding 99%, and 5G-A base stations covering over 330 cities. Satellite communication services such as Tiantong direct-to-device and Beidou SMS have been launched nationwide. 10G-PON broadband port ratio reached 87%, and commercial pilots of 10-gigabit optical networks have been launched in over 100 cities. A 400G all-optical intelligent computing network was built between hub nodes.

Certain statements contained in this press release may be viewed as “forward-looking statements”. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, the Company does not intend to update these forward-looking statements. Neither the Company nor the directors, employees or agents of the Company assume any liabilities in the event that any of the forward-looking statements does not materialise or turns out to be incorrect.