603390: Guangzhou Tongda Auto Electric Co.Ltd(603390) announcement of annual performance loss in 2021

Securities code: 603390 securities abbreviation: Guangzhou Tongda Auto Electric Co.Ltd(603390) Announcement No.: 2022-006

Guangzhou Tongda Auto Electric Co.Ltd(603390)

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:

Guangzhou Tongda Auto Electric Co.Ltd(603390) (hereinafter referred to as “the company”) is expected to realize the net profit attributable to the shareholders of the listed company from -11.25 million yuan to -7.5 million yuan in 2021.

The company expects to realize a net profit of – 27 million yuan to – 18 million yuan after deducting non recurring profits and losses attributable to shareholders of Listed Companies in 2021.

1、 Performance forecast of the current period

(I) performance forecast period

January 1, 2021 to December 31, 2021

(II) performance forecast

1. According to the preliminary accounting of the financial department, the company is expected to realize the net profit attributable to the shareholders of the listed company from -11.25 million yuan to -7.5 million yuan in 2021.

2. According to the preliminary accounting of the financial department, the company is expected to realize a net profit of – 27 million yuan to – 18 million yuan after deducting non recurring profits and losses attributable to the shareholders of the listed company in 2021.

(III) the financial data involved in this performance forecast has not been audited.

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of Listed Companies in 2020: 46.7081 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 22.9063 million yuan.

(II) earnings per share: 0.13 yuan.

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

The company mainly provides vehicle intelligent integrated management system and related hardware products for commercial vehicle manufacturers and public transport operation enterprises. In 2021, due to the continuous impact of covid-19 pneumonia, the demand for public transport travel decreased and the city

Securities code: 603390 securities abbreviation: Guangzhou Tongda Auto Electric Co.Ltd(603390) Announcement No.: 2022-006

The bus industry has been greatly impacted, and the cumulative sales volume of the bus industry has decreased year-on-year. Among them, the bus sales volume has decreased greatly, resulting in the reduction of orders and operating revenue of the company; At the same time, the price of raw materials rose and the gross profit margin of the company’s products decreased, resulting in a year-on-year decrease in the company’s net profit.

4、 Risk tips

The company has no major uncertainties affecting the accuracy of the performance forecast.

5、 Other explanatory matters

The financial data related to the above notice have not been audited by certified public accountants, but are only preliminary accounting data. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Guangzhou Tongda Auto Electric Co.Ltd(603390) board of directors

January 29, 2022

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