Securities code: 002488 securities abbreviation: Zhejiang Jingu Company Limited(002488) No.: 2022-001
Zhejiang Jingu Company Limited(002488)
Announcement on receiving the fixed-point notice of “Avatar car wheel” project
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and shall be jointly and severally liable for false records, misleading statements or major omissions in the announcement.
Zhejiang Jingu Company Limited(002488) (hereinafter referred to as ” Zhejiang Jingu Company Limited(002488) ” or “the company”) recently received a project fixed-point notice from a large passenger car manufacturer in China (limited to confidentiality requirements and unable to disclose its name, hereinafter referred to as “the customer”), and the company will be the supplier of parts development and production for the customer, For the development and production of the wheel assembly (“Avatar car wheel”) products of the project, the company will complete the development and mass production according to the requirements of the customer. After the product road test and assembly verification are completed, the mass production is expected in October 2022.
This is the notification letter of the company’s car mass production fixed point of avatar wheel, which represents that the company’s Avatar wheel has been recognized by the customer. The company’s Avatar wheel is a revolutionary lightweight product, which has the characteristics of novel appearance, lightweight, high precision, high strength, better balance, stronger deformation resistance and more durability. For details, see the “core competitiveness analysis” in the company’s 2020 annual report.
The subsequent sales of the above project models are determined by the market and there is uncertainty. It is expected that this event will have no significant impact on the company’s income and profit level in this year, and may have a certain impact on the income and profit level in the next year. In addition, if the company fails to complete the road test of corresponding products according to the project fixed-point notice, it may not be able to mass produce on schedule. Please pay attention to the investment risk.
It is hereby announced.
Zhejiang Jingu Company Limited(002488) board of directors
January 3, 2022
