Securities code: 688295 Securities abbreviation: Zhongfu Shenying Announcement No.: 2025-003

Zhongfu Shenying Carbon Fiber 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, it is expected that Zhongfu Shenying Carbon Fiber Co., Ltd. (hereinafter referred to as "Gong

In 2024, the company will achieve an annual operating income of 150,000 yuan to 160,000 yuan, compared with the same period last year

It is expected to decrease by 659.1303 million yuan to 759.1303 million yuan, a year-on-year decrease of 29.18% to 33.60%.

2. It is estimated that the company's net profit attributable to owners of the parent company in 2024 will be -90 million yuan

-$135 million, which will result in a loss; Compared with the same period last year, it is expected to decrease by 407.9813 million yuan to 452.9813 million yuan, a year-on-year decrease of 128.30% to 142.46%.

3. It is expected that the company's net profit attributable to owners of the parent company after deducting non-recurring gains and losses in 2024 will be -170 million yuan to -240 million yuan, and there will be a loss; This is expected to decrease compared to the same period last year

407.6111 million yuan to 477.6111 million yuan, a year-on-year decrease of 171.55% to 201.01%.

(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 operating income of 2259.1303 million yuan; the total profit was 324.7427 million yuan;

net profit attributable to owners of the parent company was 317.9813 million yuan; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 237.6111 million yuan; Earnings per share were $0.35.

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

(1) The impact of the main business

During the reporting period, due to the imbalance between supply and demand in the carbon fiber industry, the downstream demand was lower than expected and the continuous decline in product sales prices, financial indicators such as operating income, net profit attributable to shareholders of listed companies, net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses and basic earnings per share decreased significantly compared with the same period last year.

(2) Other impacts

Based on the principle of prudence, combined with the judgment of market conditions and the requirements of accounting standards, provision for impairment is made for some assets with signs of impairment. In addition, the company's wholly-owned subsidiaries, Zhongfu Shenying Carbon Fiber Xining Co., Ltd. and Zhongfu Shenying (Shanghai) Technology Co., Ltd., were fully put into operation, and the capitalization of project loans increased to expense, which had a certain impact on the company's net profit.

4. Risk Warning

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

5. Other explanatory matters

The above forecast data is only preliminary accounting data, and the specific financial data is subject to the audited 2024 annual report data officially disclosed by the company. Please pay attention to the investment risks.

The announcement is hereby made.

Zhongfu Shenying Carbon Fiber Co., Ltd

board of directors

January 18, 2025