securities code: 688306 securities abbreviation: universal intelligent announcement number: 2024-002

Ningbo Junpu Intelligent Manufacturing Co., Ltd.

2023 Annual Results Forecast

the company's board of directors and all directors to ensure that information disclosure is true, accurate and complete, no false records, misleading statements or major omissions.

Important Note:

● According to preliminary calculations by the financial department, Ningbo Junpu Intelligent Manufacturing Co., Ltd. (hereinafter referred to as the "Company") expects that the net profit attributable to the owner of the parent company in 2023 will be compared with the data of the same period of the previous year (statutory disclosure). There is a loss, and the net profit attributable to the owner of the parent company is -179.6817 million yuan to -219.611 million yuan.

● The company expects the net profit attributable to the owner of the parent company after deducting non-recurring gains and losses in 2023 to be

-181.7173 million yuan to -222.0989 million yuan.

1. performance forecast for the period

(I) earnings forecast period

1 January 2023 to 31 December 2023

(II) performance forecast

1. According to preliminary calculations by the company's financial department, it is expected to achieve operating income of 2066.1507 million to 2283.6402 million yuan in 2023. Compared with the previous year, it will increase by RMB 70.804 million to 288.2935 million yuan, an increase of 3.55 to 14.45 year-on-year.

2. It is expected that the net profit attributable to the owners of the parent company in 2023 will be a loss compared with the data of the same period of the previous year (statutory disclosure), and the net profit attributable to the owners of the parent company will be -179.6817 million yuan to -219.611 million yuan, a year-on-year decrease of 525.01 to 619.46.

3. It is estimated that the net profit attributable to the owner of the parent company after deducting non-recurring gains and losses in 2023 is

-181.7173 million yuan to -222.0989 million yuan.

(III) this performance forecast has not been audited by a certified public accountant.

2. year-on-year results

In 2022, the company achieved operating income of 1995.3467 million yuan, net profit attributable to owners of the parent company of 42.277 million yuan, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses of 13.934 million yuan.

3. the main reasons for the change in performance for the period

The cost of some of the Company's U.S. subsidiaries deteriorated in 2023, with the GKN project losing about $68 million. The project is a strategic benchmark project for U.S. subsidiary access, helping the company to break through in cutting-edge technology. However, the project is technically difficult and complex, requiring the integration of technical resources from other subsidiaries to help it during execution, and the initial gross profit of the project is low. On the other hand, the former management of the US subsidiary was not aware of the difficulty of the project and lacked management. Affected by public health events, the technical team of the US subsidiary and the technical teams of other subsidiaries did not communicate fully and timely in the early stage of the project, and major technical problems occurred during the pre-acceptance. Subsequent other subsidiaries have strengthened project cooperation with US subsidiaries, and the project is progressing smoothly at present, it is expected to be delivered and accepted in the first quarter of this year. In 2023, the company has replaced the former general manager and related management of the U.S. company and seriously pursued the responsibility, and the new U.S. company management has achieved more effective management of the project.

the company's financial expenses in 2023 are about 106 million yuan, and the financial expenses are about 78 million yuan higher than that in 2022. the main reason is that the overseas interest rate rises, the interest rate level is at a high level, and the company's floating interest rate borrowing is affected. in 2023, the company's overseas bank borrowing interest rate rises by 2.75 due to the increase in the European EURIBOR benchmark interest rate, and the interest expenses are about 70 million yuan, an increase of about 18 million yuan compared with last year. In addition, due to exchange rate fluctuations, the company lost about 6 million yuan from exchange rate changes in 2023, compared with 26 million yuan in the same period last year. The loss of exchange rate changes led to a 32 million increase in expenses. In 2023, due to overseas financing needs, a one-time syndicated financing fee of about 22 million yuan will be added, which includes a report issued by a third-party consultant appointed by the syndicate and bank loan renewal and other related fees.

Affected by inflation in Europe, labor costs increased due to forced wage increases by European unions, and manufacturing and energy costs increased accordingly due to inflation, resulting in a decrease in the company's gross margin level compared to 2022. In addition, the company's fourth quarter final inspection projects are mostly low gross margin projects. The company is actively negotiating price adjustments with downstream customers and will bear some of the cost increases due to inflation.

The company continues to carry out research and development work around next-generation technologies in the manufacturing field, strengthens research and development investment in various regions, promotes research and development of new products, continues to develop new fields, and gradually improves the treatment of research and development personnel. R & D investment in 2023 is expected to increase compared with last year.

incurred a one-time restructuring charge of approximately $20 million. In 2023, in order to further coordinate the development of the business in China, Europe and North America, the company, after careful planning, optimized, adjusted and reorganized the global business layout and established the automotive powertrain and electric drive system and new energy storage division, the automotive parts and testing technology division and the consumer medical division, involving related one-time restructuring costs, layoffs and severance costs, etc.

the amount of goodwill impairment is about 8 million yuan. The Company, taking into account the development of the U.S. manufacturing industry and based on the current operating conditions of the U.S. asset group, and based on the principle of prudence, determined that there were indications of impairment of goodwill for the relevant U.S. asset group, and the amount of impairment of goodwill for U.S. assets was approximately $8 million billion as measured by the preliminary impairment test by the financial department. The relevant impairment testing work is still in progress, and the final amount of goodwill impairment provision will be determined after evaluation and audit by the relevant qualified evaluation institutions and auditors engaged by the Company.

4. risk warning

this performance forecast is the company's financial department based on their own professional judgment of the preliminary accounting data, has not been audited by a certified public accountant. There are no significant uncertainties affecting the accuracy of this performance forecast.

5. other notes

The above forecast data is only preliminary accounting data. The specific and accurate financial data is subject to the audited 2023 annual report officially disclosed by the company. Investors are kindly requested to pay attention to investment risks.

It is hereby announced.

Board of Directors of Ningbo Junpu Intelligent Manufacturing Co., Ltd.

27 January 2024

securities code: 688306 securities abbreviation: universal intelligent announcement number: 2024-003

Ningbo Junpu Intelligent Manufacturing Co., Ltd.

Announcement on Voluntary Disclosure of Signing of Major Contracts for Daily Operation

the company's board of directors and all directors to ensure that information disclosure is true, accurate and complete, no false records, misleading statements or major omissions.

Important Note:

● Contract Type: Supply Contract for Electric Drive Assembly Line Project of Austrian Steyr Factory, a German Global Head Car Company

● Contract amount: about 4-0.5 billion RMB

● Conditions for the entry into force of the contract: it shall take effect from the date of signature and confirmation by the authorized representatives of both parties.

● Contract performance period: from the effective date of the contract to the date when the responsibilities and obligations of both parties agreed in the contract are fulfilled.

● Impact on the company's performance: The signing of the contract is the company's daily business behavior. The smooth implementation of the contract will further consolidate the company's leading position in the new energy smart vehicle electric drive assembly market, and help improve the company's sustainable profitability and core Competitiveness will have a positive impact on the company's business development and operating performance. According to the final inspection of the project, it is expected to have a positive impact on the market influence and operating performance of the company's main business in the next three years.

● Risk Warning: If there are significant adverse changes in the external macro environment and relevant national policies, or adverse changes in customer demand, or other unforeseen or force majeure, the final implementation of the contract may be affected. There is a risk that the contract performance cycle is long and there may be a decline in gross margin due to factors such as rising raw material and labor costs. Please the majority of investors rational investment, pay attention to investment risk.

1. review procedures

PIA Automation Austria GmbH (hereinafter referred to as "PIA Austria"), a wholly-owned subsidiary of the company, recently signed a supply contract for the electric drive assembly line project with the Austrian Steyr factory (hereinafter referred to as "the buyer"), a global head car company in Germany, with a contract amount of about 4-0.5 billion yuan. This contract is a day-to-day operating contract for the Company, and the Company has performed the internal approval process for signing the contract. According to the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules" and the "Articles of Association" and other provisions, the company's board of directors and shareholders do not need to consider.

Basic information of 2. contract

1. Both parties to the contract

Party A: PIA Automation Austria GmbH, a wholly-owned subsidiary of the Company

party B: factory of steyr, austria, a global head car company in germany

2, the subject matter of the contract

This project is a new technology electric drive process plan determined according to the technical document confirmation letter, and a supply contract for the electric drive assembly line project delivered to the Austrian Steyr plant of a global head car company in Germany.

3. Contract amount:

about 4-0.5 billion yuan.

4, contract performance period:

From the effective date of the contract to the date when the responsibilities and obligations of both parties agreed in the contract have been fulfilled.

5. Liability for breach of contract:

The terms of the contract have clearly stipulated the rights and obligations of both parties, liability for breach of contract and compensation, dispute resolution and other matters, and both parties shall bear the liability for breach of contract in accordance with the contract.

the impact of 3. contract performance on the company

the signing of the contract belongs to the company's daily business behavior, and the smooth implementation of the contract will further consolidate the company's leading position in the new energy intelligent vehicle electric drive assembly market, help to enhance the company's sustainable profitability and core competitiveness, and have a positive impact on the company's business development and business performance. According to the final inspection of the project, it is expected to have a positive impact on the market influence and operating performance of the company's main business in the next three years.

The company continues to focus on high-performance new energy intelligent vehicle electric drive related technology research and development, to provide highly standardized, high-tech intelligent manufacturing equipment system. The company's large-scale entire line allows for quick start-up and full traceability of production (including quick change-over, no dry run). The company's digital solutions bring maximum production transparency to the full assembly process, optimizing the overall efficiency of equipment and product quality.

The signing of this project contract can further strengthen the company's deep accumulation of electric drive project technology, and at the same time further strengthen the company's relationship with long-term cooperative customers, and continue to obtain orders for electric drive system related equipment from world-renowned customers.

4. risk warning

IfSignificant adverse changes in the external macro environment and relevant national policies, or adverse changes in customer needs, or other unforeseen or force majeure events, may affect the final implementation of the contract. There is a risk that the contract performance cycle is long and there may be a decline in gross margin due to factors such as rising raw material and labor costs.

There is a risk that the contract may not be fully performed or terminated due to factors such as unpredictability or force majeure during the performance of the contract.

please the majority of investors rational investment, pay attention to investment risk.

It is hereby announced.

Board of Directors of Ningbo Junpu Intelligent Manufacturing Co., Ltd.

27 January 2024