Stock code: 688063 Stock abbreviation: Paineng Technology Announcement No.: 2025-003

Shanghai Peneng Energy 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 in accordance with the law.

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 preliminary calculation of the financial department of Shanghai Paneng Energy Technology Co., Ltd. (hereinafter referred to as the "Company"), it is estimated that the net profit attributable to the owners of the parent company in 2024 will be 33.00 million yuan to 45.00 million yuan, a decrease of 470.6375 million yuan to 482.6375 million yuan compared with the same period last year (statutory disclosure data), a year-on-year decrease of 91.27% to 93.60%.

2. It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2024 will be -44.00 million yuan to -32.00 million yuan, which will be lower than the same period last year (statutory disclosure data).

decreased by 479.6628 million yuan to 491.6628 million yuan, a year-on-year decrease of 107.15% to 109.83%.

(3) The performance forecast data has not been audited by certified public accountants.

Second, the performance of the same period last year

(1) Net profit attributable to owners of the parent company: 515.6375 million yuan.

(2) Net profit attributable to owners of the parent company after deducting non-recurring gains and losses: 447.6628 million yuan.

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

1. During the reporting period, the global economic situation was complex and changeable, the growth rate slowed down, and downstream enterprises continued to destock; At the same time, the competition pattern in the industry has intensified, and the sales price of the company's energy storage products has been under pressure, resulting in a decline in operating income; However, with the continuous optimization and upgrading of the company's internal cost control system and the downward trend of raw material market prices, the company's gross profit margin remained basically stable compared with the same period last year.

2. During the reporting period, affected by the fluctuation of the international foreign exchange market, the company's foreign exchange profit and loss decreased significantly compared with the same period last year.

4. Risk Warning

As of the date of disclosure of this announcement, the company has no major uncertainties affecting the accuracy of the content of this performance forecast. The performance forecast data is based on the preliminary accounting of the judgment of the company's financial department and has not been audited by a certified public accountant.

5. Other explanatory matters

The above forecast data is only preliminary accounting 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.

Board of Directors of Shanghai Peneng Energy Technology Co., Ltd

January 17, 2025