Ningbo Huaxiang Electronic Co.Ltd(002048) : performance forecast for 2021

Board announcement

Securities code: 002048 securities abbreviation: Ningbo Huaxiang Electronic Co.Ltd(002048) Announcement No.: 2022-002

Ningbo Huaxiang Electronic Co.Ltd(002048)

Performance forecast for 2021

All directors, supervisors and senior managers of the company guarantee that the contents of the announcement are true, accurate and complete, and are responsible for false records, misleading statements or major omissions in the announcement.

1、 Expected performance of the current period

1. Performance forecast period: January 1, 2021 to December 31, 2021

2. Expected performance:

(1) Expected performance in 2021

□ loss □ turning loss into profit √ rising in the same direction □ falling in the same direction

The same period of last year from January 1, 2021 to December 31, 2021

Earnings attributable to shares of listed companies: 1189.2132 million yuan – 1316.6289 million yuan; Earnings: 849.438 million yuan

East’s net profit increased by 40% – 55% over the same period last year

Profit after deducting non recurring profit and loss: 1089763200 yuan – 1217178900 yuan profit: 760132700 yuan

The net profit increased by 43.36% – 60.13% over the same period of last year

Basic earnings per share (Note 1) earnings: 1.90 yuan / share – 2.10 yuan / share earnings: 1.36 yuan / share

Basic earnings per share (Note 2) earnings: 1.46 yuan / share – 1.62 yuan / share –

Note 1: Based on the total share capital of 6227314 shares as of December 31, 2021;

Note 2: the total share capital of the company as of the announcement date is 814095508 shares.

2、 Communication with accounting firms

The performance forecast data is the preliminary estimation result of the company’s financial department and has not been pre audited by an accounting firm. 3、 Explanation of performance change reasons

1. In 2020, affected by the covid-19 epidemic, the company’s foreign business development was affected to varying degrees. The company accrued the restructuring expenses related to European business, and the performance base was relatively low.

2. With the completion of European restructuring, the operation effect of Germany Huaxiang gradually appeared, and the impact on the overall performance of the company was greatly reduced compared with that in 2020.

3. The growth of many new energy vehicle enterprises has continuously optimized the company’s customer structure and served as the company’s business leader

Board announcement

Lay a solid foundation for stable growth.

4、 Risk tips

The performance forecast data is the preliminary estimation result of the company’s financial department, and has not been audited by the audit institution. The specific financial data will be disclosed in detail in the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Ningbo Huaxiang Electronic Co.Ltd(002048) board of directors

January 20, 2022

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