Securities code: 688007 Securities abbreviation: Guangfeng Technology Announcement No.: 2025-001

Shenzhen Guangfeng 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.

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, Shenzhen Guangfeng Technology Co., Ltd. (hereinafter referred to as "Public")

It is expected that the operating income in 2024 will be about 2.418 billion yuan, a year-on-year increase of about 9.26%.

2. The company expects to achieve a net profit attributable to the owners of the parent company of 25 million in 2024

yuan to 35.00 million yuan, compared with the same period of the previous year, will be a decrease of 68.1867 million yuan to 78.1867 million yuan,

This represents a year-on-year decrease of 66.08% to 75.77%.

3. The company expects to realize the deduction of non-recurring gains and losses attributable to the owners of the parent company in 2024

The net profit will be 27.00 million yuan to 37.00 million yuan, a decrease of 4.6645 million yuan compared with the same period last year

to 14.6645 million yuan, a year-on-year decrease of 11.20% to 35.20%.

(3) The performance forecast for the current period has not been audited by a certified public accountant.

Second, the performance of the same period last year

(1) The net profit attributable to owners of the parent company in 2023 will be 103.1867 million yuan; Attribution

the net profit of the owners of the parent company after deducting non-recurring gains and losses was 41.6645 million yuan; The total profit was 37.675 million yuan.

(2) Earnings per share: 0.23 yuan.

Third, the main reasons for the change in performance

In 2024, the company adhered to the development strategy of "core technology + core devices + application scenarios", realized the effective realization of strategic transformation, and achieved operating income of about 2.418 billion yuan, a year-on-year increase of about 9.26%.

Based on the company's technological advantages, the diversification of product categories and the differentiation of customers, the automotive optics business will enter the stage of rapid volume growth in 2024, deliver automotive products with quality and quantity, and achieve an operating income of more than 600 million yuan. During the reporting period, the company made intensive contacts with well-known car companies at home and abroad and obtained development designations, supporting the continuous breakthrough of the automotive optics business. Up to now, the company has obtained 10 on-board fixed-point products, covering automotive-grade giant screens, laser projection lights, lamp modules and dynamic color pixel lamps, and has achieved high-quality landing of some fixed-point models. The company will continue to improve the technology, innovation and differentiation of on-board products, focus on core brand customers and high-quality customers, and actively cooperate with car companies to jointly promote the implementation of fixed-point projects.

During the reporting period, due to the impact of the macroeconomic environment and other factors, the performance contribution of the company's business in other application fields except automotive was under pressure. In addition, the investment losses caused by the decline in the performance of the shareholding company and the legal service fees incurred in arbitration disputes also have a certain impact on the company's net profit attributable to the parent company.

4. Risk Warning

The performance is expected to be the company's financial department based on its own professional judgment of the preliminary accounting, has not been audited by a certified public accountant, the specific and accurate financial data to the company's officially disclosed audited 2024 annual report shall prevail, please pay attention to the investment risk.

The announcement is hereby made.

Board of Directors of Shenzhen Guangfeng Technology Co., Ltd

January 23, 2025