Securities code: 688475 Securities abbreviation: EZVIZ Network Announcement No.: 2025-002

Hangzhou EZVIZ Network Co., Ltd

2024 Annual Results Bulletin Announcement

The Board of Directors and all directors of the Company guarantee that there is no false record or misleading statement in the content of this announcement

or material omissions, and bear legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

The main financial data for 2024 contained in this announcement are preliminary accounting data and have not been audited by an accounting firm

The specific data is determined by Hangzhou EZVIZ Network Co., Ltd. (hereinafter referred to as the "Company") in 2024

The periodic report shall prevail and investors should be reminded to pay attention to the investment risks.

1. Main financial data and indicators for 2024

Unit: RMB 10,000 yuan

Same period last year Change (%)

Item Current reporting period

Before Adjustment After Adjustment After Adjustment

Total operating income 544,193.99 483,974.49 484,106.56 12.41

Operating profit 53,932.90 57,179.35 57,208.49 -5.73

Total profit 53,938.21 56,756.92 56,786.06 -5.02

Net profit attributable to owners of the parent company 50,392.77 56,294.08 56,315.93 -10.52

Deduction of non-recurring losses attributable to owners of the parent company

48,341.83 55,331.41 55,331.41 -12.63

net profit

Basic earnings per share (RMB) 0.64 1.00 0.72 -11.11

Weighted average return on equity 9.41% 11.15% 11.16% decreased by 1.75 percentage points

Beginning of the reporting period Change (%)

At the end of the reporting period

Before Adjustment After Adjustment After Adjustment

Total assets 835,375.97 819,257.53 820,269.06 1.84

Owners' equity attributable to parent company 549,330.70 526,499.24 526,499.24 4.34

Share capital 78,750.00 56,250.00 56,250.00 40.00

Net assets per share attributable to owners of the parent company (RMB) 6.98 9.36 6.69 4.33

Note: 1. The beginning of the reporting period (before adjustment) is the same as the end of the previous year disclosed by law.

2. The financial data (adjusted) for the same period of the previous year are restated in accordance with the relevant provisions of the business combination under the same control and the Interpretation No. 18 of the Accounting Standards for Business Enterprises.

3. The company will implement the 2023 annual equity distribution in May 2024: transfer of every 10 shares to all shareholders with capital reserve

4 shares, for a total of 2,250,00,000 shares. Basic earnings per share for the same period last year and net assets per share attributable to owners of the parent company at the beginning of the reporting period have been retrospectively adjusted in accordance with the company's 2023 annual equity distribution plan.

4. The above financial data and indicators are filled in with consolidated statement data and are unaudited, and the final results are subject to the data disclosed in the company's 2024 annual report.

2. Explanation of operating performance and financial situation

(1) The operating situation, financial situation and main factors affecting the operating performance in the reporting period

1. The operating situation and financial status of the reporting period

In 2024, the company achieved a total operating income of 5441.9399 million yuan, a year-on-year increase of 12.41%; the total profit was 539.3821 million yuan, a year-on-year decrease of 5.02%; the net profit attributable to the owners of the parent company was 503.9277 million yuan, a year-on-year decrease of 10.52%; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 483.4183 million yuan, a year-on-year decrease of 12.63%.

At the end of the reporting period, the company's total assets were 835,375.97 million yuan, an increase of 1.84% over the beginning of the reporting period; The owner's equity attributable to the parent company was 549,330.70 million yuan, an increase of 4.34% over the beginning of the reporting period.

2. The main factors affecting the operating performance

During the reporting period, the company continued to launch competitive products, continued to expand and optimize the construction of domestic and foreign channels, and achieved steady growth in overall operating income.

At the same time, the company maintains reasonable investment to provide impetus for medium and long-term development. During the reporting period, the company continued to focus on its core advantages, consolidated technology research and development, actively expanded the market for new products such as innovative categories of smart home cameras, smart locks, household and commercial cleaning robots, and smart wearables, actively laid out new retail channels in the whole domain, and continuously built the brand influence of the company's various core product lines at home and abroad. The company's newly expanded intelligent new products are still in the early stage

In the market construction stage, the investment in various marketing expenses has increased, and the net profit attributable to the owners of the parent company in 2024 has decreased compared with 2023.

(2) The main reasons for the increase or decrease of more than 30% in the main financial data and indicators

The company's share capital increased by 40% compared with the end of the previous year, mainly due to the company's implementation of equity distribution and capital reserve conversion to share capital during the reporting period.

3. Risk Warning

The main financial data for 2024 contained in this announcement are preliminary accounting data, which have not been audited by accounting firms, and the specific data are subject to the data disclosed in the company's 2024 annual report.

The announcement is hereby made.

Hangzhou EZVIZ Network Co., Ltd

Board of Directors

February 22, 2025