600679: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) announcement of annual performance increase in 2021

Securities code: 600679 900916 stock abbreviation: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Phoenix B share No.: 2022-012 Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd

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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:

1. Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd. (hereinafter referred to as the company) is expected to increase its annual performance by 42.2777 million yuan in 2021, with a year-on-year increase of about 69.62%.

2. The pre increase of the company’s performance is mainly due to the company’s completion of major asset restructuring in 2020, and the merger and acquisition of 100% equity of Tianjin aisaike Automobile Industry Co., Ltd., Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Bicycle Co., Ltd. and 100% equity of Tianjin Tianren Vehicle Material Co., Ltd., of which the business performance of Tianjin aisaike and Phoenix bicycles has been incorporated into the merger and acquisition since January 2021 Tianjin Tianren was incorporated into the merger since March 2021, resulting in a significant year-on-year increase in the company’s operating performance in 2021.

3. After deducting non recurring profits and losses, the company’s performance in 2021 is expected to increase by 63.3989 million yuan, with a year-on-year increase of about 238.33%.

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 shareholders of the listed company in 2021 is expected to increase by 42.2777 million yuan compared with the same period of last year, with a year-on-year increase of about 69.62%.

2. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will increase by 63.3989 million yuan compared with the same period of the previous year, with a year-on-year increase of about 238.33%.

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

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of the listed company: 60.7223 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 26.6011 million yuan

(II) earnings per share: 0.151 yuan; The basic earnings per share after deducting non recurring profits and losses is 0.066 yuan. 3、 Main reasons for performance increase in the current period

(I) main business impact. In 2020, the company completed major asset restructuring, acquired 100% equity of Tianjin aisaike Automobile Industry Co., Ltd. Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) 49% equity of Bicycle Co., Ltd. and 100% equity of Tianjin Tianren Vehicle Material Co., Ltd., of which the business performance of Tianjin aisaike and Phoenix bicycles was incorporated into the merger from January 2021 and Tianjin Tianren was incorporated into the merger from March 2021, and the company actively responded to the impact of the epidemic, Increase brand promotion, accelerate product research and development, and strive to improve the main business performance of bicycles, resulting in a significant year-on-year increase in the company’s business performance in 2021.

(II) impact of non operating profit and loss. Phoenix Bicycle, a subsidiary of the company, generated a profit of about 23.2322 million yuan from the disposal of its subsidiary yuan logistics in the previous year, but there was no such event in the current period, resulting in a significant reduction in non recurring profits and losses in 2021.

4、 Risk tips

The company has no major uncertainties 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 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd. January 26, 2022

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