Ningbo Deye Technology Co.Ltd(605117) : announcement of performance increase in the first quarter of 2022

Securities code: Ningbo Deye Technology Co.Ltd(605117) securities abbreviation: Ningbo Deye Technology Co.Ltd(605117) Announcement No.: 2022010 Ningbo Deye Technology Co.Ltd(605117)

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:

Ningbo Deye Technology Co.Ltd(605117) (hereinafter referred to as “the company”) expects to realize a net profit attributable to the owners of the parent company of 120 million yuan to 150 million yuan in the first quarter of 2022, an increase of 197563 million yuan to 497563 million yuan compared with the same period of last year, an increase of 19.71% to 49.64% year-on-year. It is estimated that the net profit attributable to the owners of the parent company after deducting non recurring profits and losses will be RMB 110070300 to RMB 140070300, an increase of RMB 14416200 to RMB 44416200 compared with the same period of last year, with a year-on-year increase of 15.07% to 46.43%.

1、 Performance forecast of the current period

(I) performance forecast period

January 1, 2022 to March 31, 2022.

(II) performance forecast

According to the preliminary calculation of the financial department, the net profit attributable to the owners of the parent company in the first quarter of 2022 is expected to be 120 million yuan to 150 million yuan, an increase of 197563 million yuan to 497563 million yuan compared with the same period of last year, a year-on-year increase of 19.71% to 49.64%.

It is estimated that the net profit attributable to the owners of the parent company after deducting non recurring profits and losses will be RMB 110070300 to RMB 140070300, an increase of RMB 14416200 to RMB 44416200 compared with the same period of last year, with a year-on-year increase of 15.07% to 46.43%.

2、 Performance in the same period of last year

The net profit attributable to the owner of the parent company is 1 Harbin Gloria Pharmaceuticals Co.Ltd(002437) million yuan, and the net profit deducting non recurring profits and losses attributable to the owner of the parent company is 956541 million yuan.

Earnings per share: 0.78 yuan.

3、 Main reasons for performance increase in the current period

During the reporting period, the prosperity of the inverter business industry continued to improve, and the demand of downstream customers was strong. With the continuous development of markets and channels, the business scale continued to expand, the industry status continued to improve, the development momentum was strong, and the operating performance increased significantly year-on-year. Affected by the decline in the prosperity of the downstream air conditioning industry and the reduction in the demand of the company’s major customers, the income and profit scale of the heat exchanger business fell sharply year-on-year. The environmental electrical appliance business market is relatively stable. With the stable sales channels established by the company, both domestic and foreign sales have maintained growth, and the operating performance has increased steadily year-on-year.

4、 Risk tips

Up to now, the company has no major uncertainty factors that may affect the accuracy of the performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data. The specific data will be disclosed in detail in the company’s report for the first quarter of 2022. Please pay attention to the investment risks.

It is hereby announced.

Ningbo Deye Technology Co.Ltd(605117) board of directors March 28, 2022

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