600343: Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) announcement of annual performance loss in 2021

Securities code: 600343 stock abbreviation: Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) No.: pro 2022-007

Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343)

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:

According to the preliminary calculation of the financial department of Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) (hereinafter referred to as “the company”), the company expects to realize the net profit attributable to the shareholders of the listed company in 2021 from – 275 million yuan to – 230 million yuan. The company’s performance pre loss is mainly due to the impact of its main business, with an impact amount of 220 million yuan; The impact of non recurring profit and loss is RMB 30 million.

After deducting non recurring gains and losses, the company’s net profit attributable to shareholders of listed companies ranges from -279 million yuan to -234 million yuan.

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 in 2021 will be a loss compared with the same period of the previous year (legally disclosed data), and the net profit attributable to the shareholders of the listed company will be – 275 million yuan to – 230 million yuan.

2. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -279 million yuan to -234 million yuan.

(III) the performance of this notice 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: 27.6127 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 27.7301 million yuan.

(II) earnings per share: 0.043 yuan.

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

(I) main business impact

Securities code: 600343 stock abbreviation: Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) No.: pro 2022-007

1. In 2021, affected by the epidemic situation, power restriction policy and fierce market competition, the revenue structure changed, and the sales revenue of main business segments such as pumps and pump systems and smart gas meters declined; The purchase prices of steel, copper, aluminum, chips and other main raw materials rose sharply, resulting in a year-on-year decrease of about 120 million yuan in the gross profit of products in this period;

2. In September 2021, the company shut down the business related to hydraulic pump products, and the provision for impairment of various assets and shutdown loss in this period were about RMB 40 million;

3. The automobile hydraulic torque converter production line (II) is converted to fixed assets and put into operation. The depreciation of fixed assets, small batch trial production costs and R & D expenses in this period are about 40 million yuan;

4. The company conducted impairment test on important accounts receivable in the current period, and it is estimated that the provision for credit impairment is RMB 20 million. (II) impact of non operating profit and loss

1. Other income such as government subsidies received in the current period decreased by 19 million yuan compared with the previous period;

2. The profit and loss from asset disposal in the current period decreased by 14 million yuan compared with the previous period.

4、 Risk tips

The above performance forecast data is based on the company’s financial department’s professional judgment and preliminary communication with the annual audit accountant.

The company believes that there are no major uncertainties affecting the accuracy of the performance forecast of the current period.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data, and the specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. The information disclosure media designated by the company are Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information about the company is subject to the information disclosed by the above designated media. Please pay attention to the investment risks.

It is hereby announced.

Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) board of directors

January 29, 2022

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