Stock code: 688114 Stock abbreviation: MGI Announcement No.: 2025-002

Shenzhen MGI Technology Co., Ltd

2024 Annual Results Forecast

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

Tips for important content

●According to preliminary estimates, Shenzhen MGI Technology Co., Ltd. (hereinafter referred to as the "Company") expects to achieve a net profit attributable to the owners of the parent company of -67,000.00 yuan to -55,400.00 yuan in 2024.

●The company expects to achieve a net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of -73,000.00 yuan to -60,300.00 yuan in 2024.

1. Forecast of performance for the current period

(1) The performance forecast period

January 1, 2024 to December 31, 2024.

(2) Performance forecast

1. According to the company's preliminary calculation, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -67,000.00 yuan to -55,400.00 yuan.

2. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be -73,000.00 yuan to -60,300.00 yuan in 2024.

3. This performance forecast has not been audited by a certified public accountant.

Second, the performance of the same period last year

In 2023, the company will achieve a total profit of -590.578 million yuan; net profit attributable to owners of the parent company - 607.4999 million yuan; net profit attributable to owners of the parent company after deducting non-recurring gains and losses -682.8307 million yuan; Basic earnings per share was -1.46 yuan/share.

3. The main reasons for the change in the performance of the current period

During the reporting period, due to the impact of the macro environment, geopolitics, market competition and other aspects, it was difficult to expand the market

The company actively adjusted its marketing strategy and increased its market expansion efforts, resulting in an increase in related sales expenses.

During the reporting period, the exchange rate of foreign currencies such as US dollars and euros fluctuated, resulting in a year-on-year increase in foreign exchange losses arising from the company's foreign currency monetary items.

In accordance with the relevant provisions of the Accounting Standards for Business Enterprises and the Company's accounting policies, and based on the principle of prudence, the Company has made accounting treatment for impairment provisions for various assets within the scope of the consolidated statements as of December 31, 2024. According to preliminary estimates, the total asset impairment loss and credit impairment loss recognized in 2024 will be 97.7545 million yuan, which is detailed in the relevant announcement disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

4. Risk Warning

This performance forecast is a preliminary estimate made by the company based on its own professional judgment and has not been audited by a certified public accountant. Up to now, the company has not found any significant uncertainties affecting the accuracy of the content of this earnings forecast.

5. Other explanatory matters

The above forecast data is only preliminary calculation data, and the specific and accurate financial data are subject to the audited 2024 annual report officially disclosed by the company.

The announcement is hereby made.

Shenzhen MGI Technology Co., Ltd

board of directors

January 17, 2025