600579: Kraussmaffei Company Limited(600579) announcement of annual performance loss in 2021

Securities code: 600579 securities abbreviation: Kraussmaffei Company Limited(600579) Announcement No.: 2022-006

Kraussmaffei Company Limited(600579)

Announcement of annual performance loss in 2021

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

1. Kraussmaffei Company Limited(600579) (hereinafter referred to as “the company”) is expected to have a net profit of RMB – 250 million to RMB – 300 million.

2. After deducting non recurring gains and losses, the company’s performance is expected to have a net profit of RMB – 17 million to RMB – 21 million.

3. The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.

1、 Performance forecast of the current period

(I) performance forecast period

January 1, 2021 to December 31, 2021 (hereinafter referred to as the “reporting period”).

(II) performance forecast

1. According to the preliminary calculation of the financial department, it is expected that the net profit attributable to the shareholders of the listed company will suffer a loss in 2021, and the net profit attributable to the shareholders of the listed company is about RMB – 250 million to RMB – 300 million.

2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is about RMB – 17 million to RMB – 21 million.

3. The pre loss of this performance is the preliminary calculation made by the company according to the business situation, which has not been audited by certified public accountants. 2、 Performance in the same period of last year

(I) net profit attributable to shareholders of the listed company: RMB -229.99 million.

Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: RMB – 106.99 million.

(II) basic earnings per share: RMB -0.28.

3、 Main reasons for performance loss in advance in the current period

In 2021, although the global economy could not completely get rid of the impact of covid-19 epidemic, it has shown signs of recovery. However, rising raw material prices and shortages have led to global supply chain problems in 2021, especially in the second half of the year. Affected by the above situation, the company suffered a loss in its annual performance.

In 2021, downstream industries closely related to the company’s business showed obvious signs of recovery in 2021. Facing the positive market environment, the company strives to win orders, constantly expand new customers and strive to maximize orders. The new orders signed by the company in 2021 and the orders on hand at the end of 2021 have a good upward momentum compared with 2020.

Affected by global supply chain problems, such as the shortage of important raw materials such as semiconductors, the company’s production and operation have been greatly affected. In addition, due to the influence of various factors such as logistics and transportation, the delivery cycle of the company’s main products has increased. Therefore, despite the year-on-year increase in newly signed orders throughout the year, the company’s operating revenue in 2021 is basically the same as that in 2020.

Supply chain problems have also led to a sharp rise in various production costs, and the input costs of commodities, logistics and labor are increasing. The average price of bulk commodities, such as copper and steel, increased significantly in 2021 compared with 2020, and the shipping cost also showed a large upward trend in 2021. The increase in costs led to the decline of the company’s gross profit margin in 2021. Since the increase in the price of the company’s products in the market could not make up for the increased additional costs, the company’s loss in 2021 increased compared with 2020.

4、 Risk tips

The company’s assessment of goodwill impairment is in progress, and no goodwill impairment has been found in the preliminary assessment test as of the performance forecast date. If there is goodwill impairment, the loss of the company during the reporting period will be increased. Since the company’s assessment of goodwill impairment is still ongoing, the specific amount shall be subject to the audited 2021 annual report officially disclosed by the company.

In addition to the above matters, there are no other major uncertainties that may affect the accuracy of the performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Kraussmaffei Company Limited(600579) board of directors January 29, 2022

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