Securities code: 688234 Securities abbreviation: Tianyue Advanced Announcement Number: 2025-014

Shandong Tianyue Advanced Technology Co., Ltd

2024 Annual Results Express Announcement

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.

The main financial data of Shandong Tianyue Advanced Technology Co., Ltd. (hereinafter referred to as the "Company") in 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 company's 2024 annual report.

1. Main financial data and indicators for 2024

Unit: 10,000 yuan; Currency: RMB

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

2. The above financial data and indicators are filled in with consolidated statement data, but unaudited, and the final results are subject to 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

During the reporting period, the company achieved operating income of 1768.141 million yuan, a year-on-year increase of 41.37%.

During the reporting period, the company's net profit attributable to the owners of the parent company was 180.464 million yuan, an increase of 226.1845 million yuan year-on-year, turning losses into profits; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 157.5319 million yuan, an increase of 270.2527 million yuan year-on-year, turning losses into profits.

At the end of the reporting period, the company's total assets were 731,802.70 million yuan, a year-on-year increase of 5.88%; the owner's equity attributable to the parent company was 5319.754 million yuan, a year-on-year increase of 1.78%; The net assets per share attributable to the owners of the parent company were 12.38 yuan, a year-on-year increase of 1.81%.

2. The main factors affecting business performance

In 2024, the company will focus on its main business, strengthen R&D and innovation, and enhance its technological competitiveness; In-depth development of market and customer resources, strengthen long-term cooperation with well-known customers at home and abroad; Continued to release production capacity and optimize product structure, production and sales continued to increase, and the operating income increased significantly year-on-year in the reporting period. At the same time, the company continued to reduce costs and increase efficiency, and continuously improved its management capabilities, the company's gross sales margin increased significantly year-on-year during the reporting period, and the net profit attributable to the owners of the parent company and the net profit and loss attributable to the owners of the parent company after deducting non-recurring profits and losses increased significantly year-on-year, achieving a turnaround; Earnings per share and weighted average return on equity all improved year-on-year.

(2) The main reasons for the increase or decrease of more than 30% in the above table

1. During the reporting period, the company's operating income increased by 41.37% year-on-year, mainly due to the continuous increase in the production capacity and output of the company's large-size and conductive products, and the continuous increase in sales.

2. During the reporting period, the company's operating profit, total profit, net profit attributable to the owners of the parent company, net profit attributable to the owners of the parent company after deducting non-recurring gains and losses, and basic earnings per share changed significantly, mainly due to the increase in operating income compared with the same period last year and the increase in gross profit margin of products.

3. Risk Warning

As of the disclosure date of this announcement, the company has no major uncertainties affecting the accuracy of the content of this performance report. The main financial data of 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 audited data in the 2024 annual report officially disclosed by the company.

The announcement is hereby made.

Shandong Tianyue Advanced Technology Co., Ltd

Board of Directors

February 24, 2025