688689: announcement of annual performance increase in 2021

Securities code: 688689 securities abbreviation: Changzhou Galaxy Century Microelectronics Co.Ltd(688689) Announcement No.: 2022-005 Changzhou Galaxy Century Microelectronics Co.Ltd(688689)

Announcement of annual performance increase 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 legal liabilities for the authenticity, accuracy and integrity of its contents according to law.

Important content tips:

According to the preliminary calculation of the financial department of Changzhou Galaxy Century Microelectronics Co.Ltd(688689) (hereinafter referred to as “the company”), the net profit attributable to the shareholders of the parent company is expected to be about 147 million yuan in 2021, an increase of about 77.46 million yuan compared with the same period of last year, an increase of about 111.39% year-on-year.

In 2021, the net profit of the Company attributable to the shareholders of the parent company after deducting non recurring profits and losses was about 136 million yuan, which will increase by about 78.87 million yuan compared with the same period of last year, with a year-on-year increase of about 138.07%.

1、 Performance forecast of the current period

(I) performance forecast period

January 1, 2021 to December 31, 2021

(II) performance forecast

1. According to the preliminary calculation of the financial department, the net profit attributable to the owners of the parent company in 2021 is expected to be about 147 million yuan, an increase of about 77.46 million yuan compared with the same period of last year, an increase of about 111.39% year-on-year.

2. The net profit attributable to the owner of the parent company after deducting non recurring profits and losses is about 136 million yuan, which will increase by about 78.87 million yuan or 138.07% year-on-year compared with the same period of last year.

(III) the performance forecast data has not been audited by certified public accountants.

2、 Performance in the same period of last year

Net profit attributable to the owner of the parent company in the same period of last year: 69.5389 million yuan; Net profit attributable to the owner of the parent company after deducting non recurring profits and losses: 57.1253 million yuan.

3、 Main reasons for performance changes in the current period

1. In 2021, the market demand for semiconductor discrete device applications was strong, and the orders of downstream customers were full. The company actively seized the opportunity of recovery, effectively improved capacity utilization, reasonably adjusted product prices, promoted the growth of operating revenue and the increase of product gross profit margin, and significantly increased the company’s operating performance year-on-year.

2. Affected by the international trade environment, the semiconductor industry has been in the process of domestic substitution for a long time, especially in recent years. In this process, the company strives to promote technological R & D and technological transformation, continuously promote product structure optimization and industrial structure upgrading, continuously strengthen customer structure adjustment, and enhance independent innovation ability and profitability.

4、 Risk tips

The performance forecast data of the company has not been audited by certified public accountants and is the preliminary accounting conducted by the financial department based on its own professional judgment. The company has no major uncertain factors 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 annual report of 2021 officially disclosed by the company. Please pay attention to the investment risk.

It is hereby announced.

Changzhou Galaxy Century Microelectronics Co.Ltd(688689) board of directors January 20, 2022

- Advertisment -