Shandong Fiberglass Group Co.Ltd(605006) : announcement of pre increase of performance in the first quarter of 2022

Securities code: Shandong Fiberglass Group Co.Ltd(605006) securities abbreviation: Shandong Fiberglass Group Co.Ltd(605006) Announcement No.: 2022009

Bond Code: 111001 bond abbreviation: Shanbo convertible bond

Shandong Fiberglass Group Co.Ltd(605006)

Announcement of performance increase in the first quarter of 2022

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:

1. Shandong Fiberglass Group Co.Ltd(605006) (hereinafter referred to as the company) is expected to achieve an operating revenue of 790.82 million yuan to 874.06 million yuan in the first quarter of 2022, an increase of 53.42 million yuan to 136.66 million yuan over the same period of the previous year, a year-on-year increase of 7% to 19%.

2. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will be 176.98 million yuan to 195.6 million yuan, an increase of 24.46 million yuan to 43.08 million yuan over the same period of the previous year, a year-on-year increase of 16% to 28%. 3. It is estimated that in the first quarter of 2022, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be 174.83 million yuan to 193.23 million yuan, an increase of 27.97 million yuan to 46.37 million yuan over the same period of the previous year, a year-on-year increase of 19% to 32%.

1、 Performance forecast of the current period (I) performance forecast period

January 1, 2022 to March 31, 2022.

(II) performance forecast

1. According to the preliminary calculation of the financial department, the operating revenue in the first quarter of 2022 is expected to reach 790.82 million yuan to 874.06 million yuan, an increase of 53.42 million yuan to 136.66 million yuan over the same period of last year, an increase of 7% to 19% year-on-year. 2. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will be 176.98 million yuan to 195.6 million yuan, an increase of 24.46 million yuan to 43.08 million yuan over the same period of the previous year, a year-on-year increase of 16% to 28%. 3. It is estimated that in the first quarter of 2022, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be 174.83 million yuan to 193.23 million yuan, an increase of 27.97 million yuan to 46.37 million yuan over the same period of the previous year, a year-on-year increase of 19% to 32%.

2、 Performance in the same period of last year

(I) operating income: 737.4 million yuan; The net profit attributable to the shareholders of the listed company is 152.52 million yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 146.86 million yuan. (II) earnings per share is 0.31 yuan.

3、 Main reasons for performance increase in the current period

1. During the reporting period, the market demand for glass fiber yarn in China and internationally was strong, and the sales volume and price of glass fiber yarn rose simultaneously; 2. During the reporting period, the company’s convertible bond raised investment project – high-end glass fiber manufacturing project 3 production line with an annual output of 100000 tons reached production ahead of schedule, and the output increased;

3. During the reporting period, the company continued to promote market-oriented, lean and “integration of two modernizations” management, steadily improved product quality, continuously reduced comprehensive costs and increased benefits.

4、 Risk tips

At present, the company has not found any major uncertain factors that may affect the accuracy of the performance forecast, and the performance forecast data has not been audited by certified public accountants.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data. The specific and accurate financial data shall be subject to the first quarter report of 2022 officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Shandong Fiberglass Group Co.Ltd(605006) board of directors

March 28, 2022

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