600960: Bohai Automotive Systems Co.Ltd(600960) announcement of annual performance loss in 2021

Securities code: 600960 securities abbreviation: Bohai Automotive Systems Co.Ltd(600960) Announcement No.: 2022-004

Bohai Automotive Systems Co.Ltd(600960)

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:

Bohai Automotive Systems Co.Ltd(600960) (hereinafter referred to as "the company") is expected to realize a net profit attributable to shareholders of the listed company of - 80 million yuan to - 96 million yuan in 2021.

The company expects the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses to be - 105 million yuan to - 121 million yuan in 2021.

1、 Performance forecast of the current period

(I) performance forecast period

From January 1, 2021 to December 31, 2021.

(II) performance forecast

1. It is estimated 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 - 80 million yuan to - 96 million yuan.

2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is - 105 million yuan to - 121 million yuan.

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of the listed company: 69.9887 million yuan;

Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: - 99.4267 million yuan.

(II) earnings per share: 0.0736 yuan.

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

(I) affected by the macroeconomic environment, the prices of bulk commodities such as aluminum, the company's main raw material for production, have risen sharply. According to the calculation of the average price of aluminum ingots in Shanghai Changjiang spot market, the average aluminum price in 2021 has increased by about 33% compared with that in 2020, resulting in an increase in the company's operating costs and a decrease in the net profit attributable to the shareholders of the listed company; (II) during the reporting period, affected by the covid-19 pneumonia epidemic in Europe, chip shortage and other factors, the German subsidiary

Securities code: 600960 securities abbreviation: Bohai Automotive Systems Co.Ltd(600960) Announcement No.: 2022-004

The customer output of Bohai trim automotive holding GmbH has decreased to a certain extent, resulting in a decline in the performance of Bohai trim automotive holding GmbH, a German subsidiary;

(III) during the reporting period, in accordance with the relevant provisions and requirements of the accounting standards for business enterprises and based on the principle of prudence, the company initially made an impairment provision of about 35 million yuan for some assets (the final data shall be subject to the audited 2021 annual report).

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 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.

Bohai Automotive Systems Co.Ltd(600960) board of directors January 29, 2022

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