Ningbo Cixing Co.Ltd(300307) : annual performance forecast in 2021

Securities code: 300307 securities abbreviation: Ningbo Cixing Co.Ltd(300307) Announcement No.: 2022-001 Ningbo Cixing Co.Ltd(300307)

Annual performance forecast for 2021

The company and all directors of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.

1、 Expected performance of the current period

(I) performance forecast period

January 1, 2021 – December 31, 2021

(II) performance forecast

Expected performance: ■ turning losses into profits □ rising in the same direction □ falling in the same direction

The current reporting period of the project is the same period of last year

Attributable to shareholders of listed companies

Profit: 130 million yuan – 170 million yuan, loss: net profit of 527.0856 million yuan minus non recurring profit and loss

Profit: 90 million yuan – 130 million yuan, loss: net profit after 595786800 yuan

2、 Performance forecast and pre audit

The financial data related to this performance forecast has not been audited by certified public accountants.

3、 Explanation of performance change reasons

1. In 2021, the company’s operation was in good condition, production was carried out in an orderly manner, and its operating revenue increased year-on-year. The main reason was that the flat knitting machine industry experienced a downturn in the past three years, and the market recovered this year. On the one hand, the market maintained the continuous upgrading of new and old equipment; On the other hand, as the overseas epidemic continues, the return of some orders increases the demand for Chinese flat knitting machine equipment in the downstream market; In addition, the market recognition and demand of the first-line molding equipment launched by the company have gradually increased.

2. During the reporting period, the company expects the impact of non recurring profits and losses on the net profit attributable to the shareholders of the listed company to be about 40 million yuan.

4、 Other relevant instructions

1. This performance forecast is the result of the company’s preliminary calculation and has not been audited by the audit institution.

2. The specific data shall be subject to the data disclosed in the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Ningbo Cixing Co.Ltd(300307) board of directors January 27, 2022

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