Quectel Wireless Solutions Co.Ltd(603236) : 2021 annual performance express

Securities code: Quectel Wireless Solutions Co.Ltd(603236) securities abbreviation: Quectel Wireless Solutions Co.Ltd(603236) Announcement No.: 2022004 Quectel Wireless Solutions Co.Ltd(603236)

2021 annual performance express

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:

The main financial data of the company in 2021 is the preliminary audit data of the accounting firm. The specific data are subject to the data disclosed in the 2021 annual report of Quectel Wireless Solutions Co.Ltd(603236) (hereinafter referred to as “the company”). Please pay attention to the investment risks.

1、 Main financial data and indicators in 2021

Unit: 10000 yuan currency: RMB

Increase / decrease range of the project in the same period of last year in the reporting period (%)

Total operating income 11210242761057794 83.60

Operating profit 35854061731757 107.04

Total profit 35889511785670 100.99

Net profit attributable to shareholders of listed company 35147691890160 85.95

Net profit attributable to shareholders of listed companies deducted 32273251700742 89.76 unless recurring profit or loss

Basic earnings per share (yuan) 2.76 1.77 55.93

The weighted average return on net assets was 12.50 10.57, an increase of 1.93 percentage points

Increase or decrease at the end of the reporting period (%)

Total assets 8119637146012461 76.47

Equity attributable to shareholders of listed companies 3201878218686763 71.34

Share capital 14537081070160 35.84

Net assets attributable to shareholders of listed companies per 22.03 17.46 26.17 shares (yuan)

Note: 1. The beginning amount of this report is the same as the end of the previous year legally disclosed.

2. The above financial data and indicators shall be filled in with the consolidated statement data preliminarily audited by the accounting firm, and the final data shall be subject to the data disclosed in the company’s 2021 annual report.

2、 Description of operating performance and financial status

In 2021, the company achieved an operating revenue of 11.21 billion yuan, a year-on-year increase of 83.60%. This is mainly due to the strong demand in the downstream market of China’s foreign Internet of things in 2021. The company actively responded to the needs of global customers, continuously innovated products, enriched and optimized product structure, and formed a one-stop solution including cellular communication module, Wi Fi & BT module, GNSS module, antenna, cloud platform, etc, The increasing diversity of intelligent terminals and the increasing variety of functions of the Internet of things. During the reporting period, the company’s sales revenue in vehicle, intelligent security, gateway, wireless payment, laptop and other fields increased significantly.

In 2021, the net profit attributable to the shareholders of the listed company was 3514769 million yuan, a year-on-year increase of 85.95%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 322732500 yuan, a year-on-year increase of 89.76%. This is mainly due to the large growth of the company’s business income during the reporting period, as well as the company’s continuous strengthening of internal management and improvement of operation efficiency, and the decrease of the expense rate during the period compared with the same period of last year.

At the end of 2021, the total assets of the company were 8119637100 yuan, an increase of 76.47% compared with the beginning of the reporting period, mainly due to the increase of accounts receivable due to the increase of income scale in the current period, the increase of goods and materials preparation inventory and the increase of purchased R & D equipment, factory production equipment and office buildings in response to the expansion of production and sales scale in the future.

At the end of 2021, the owner’s equity attributable to shareholders of listed companies was 32018782 million yuan, an increase of 71.34% over the beginning of the reporting period. It was mainly due to the non-public offering of shares and the increase in net profit during the reporting period.

3、 Risk tips

The main financial data of 2021 contained in this announcement are the preliminary audit data of accounting firms. The specific data shall be subject to the data disclosed in the company’s 2021 annual report. Please pay attention to the investment risks.

It is hereby announced.

Quectel Wireless Solutions Co.Ltd(603236) board of directors March 8, 2022

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