603333: Sunway Co.Ltd(603333) 2021 annual performance pre loss announcement

Securities code: 603333 securities abbreviation: Sunway Co.Ltd(603333) Announcement No.: pro 2022-013 Sunway Co.Ltd(603333)

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:

Sunway Co.Ltd(603333) (hereinafter referred to as “the company”) is expected to realize the net profit attributable to the shareholders of the listed company in 2021 from – 30 million yuan to – 40 million yuan.

It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses in 2021 will be – 35 million yuan to – 45 million yuan.

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 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, and the net profit attributable to the shareholders of the listed company will be – 30 million yuan to – 40 million yuan.

2. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is – 35 million yuan to – 45 million yuan.

(III) this performance forecast 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: 16.52 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 22.65 million yuan

(II) earnings per share: 0.03 yuan.

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

1. During the reporting period, due to the comprehensive impact of rising raw material prices and intensified market competition, the gross profit margin of the company’s products decreased and the total profit decreased.

2. During the reporting period, the company’s asset impairment loss increased. In recent years, significant changes have taken place in the competition pattern of the fire-proof cable market where Shangwei Ike’s main products are located, which is mainly reflected in the increase of enterprises participating in the market competition and the serious homogenization of products. In response to the above changes in the market competition pattern, sunway Ike has continuously adjusted and improved its products to improve its market competitiveness. However, due to the serious homogenization of products and the intensification of market competition, the development progress of product market is lower than expected, and the operation and financial situation are seriously deteriorated. In accordance with the accounting standards for business enterprises and relevant provisions of accounting policies, the company plans to conduct a comprehensive impairment test on all kinds of assets of Shangwei Aike and withdraw corresponding asset impairment reserves.

3. During the reporting period, the proportion of long-term accounts receivable of the company’s general customers increased year-on-year, resulting in an increase in the company’s credit impairment loss and a decrease in the total profit.

4、 Risk tips

The company has no major uncertainties affecting 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 data of 2021 officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Board of directors January 29, 2002

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