Stock code: 688388 Stock abbreviation: Jiayuan Technology Announcement No.: 2025-007

Convertible bond code: 118000 Convertible bond abbreviation: Jiayuan convertible bond

Guangdong Jiayuan Technology Co., Ltd

2024 Annual Results Advance Announcement

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

1. Forecast of performance for the current period

(1) The performance forecast period

January 1, 2024 to December 31, 2024.

(2) Performance forecast

(1) Preliminary test by the financial department of Guangdong Jiayuan Technology Co., Ltd. (hereinafter referred to as "the company").

It is expected that the annual operating income in 2024 will be 600,000.00 yuan to 700,000.00 yuan

Compared with the same period (statutory disclosure data), it will increase by 1031.4028 million yuan to 2031.4028 million yuan, an increase of 20.76% to 40.88% year-on-year.

(2) It is expected that the net profit attributable to the owners of the parent company in 2024 will be a loss compared with the same period of the previous year (statutory disclosure data), and the net profit attributable to the owners of the parent company will be -265 million yuan to -195 million yuan.

(3) It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be -33,000.00 yuan to -24,500.00 yuan in 2024.

(3) The company's estimated performance has not been audited by certified public accountants.

Second, the performance and financial situation of the same period of the previous year

(1) Total profit: 24.6435 million yuan. Net profit attributable to owners of the parent company: 19.0305 million yuan. Net profit attributable to owners of the parent company after deducting non-recurring gains and losses: -27.8225 million yuan.

(2) Earnings per share: 0.04 yuan.

3. The main reasons for the change in the performance of the current period

During the reporting period, the company's performance was under certain pressure due to factors such as intensified market competition in the new energy industry, declining processing fees, changes in supply and demand, fluctuations in raw material prices, changes in the overall economic situation and industry cycles.

During the reporting period, the company sold a total of about 67,500 tons of various copper foil products, an increase of 17.19% over 2023.

The main reasons for the change in the company's performance are as follows:

1. During the reporting period, affected by the fierce competition in the lithium battery copper foil industry, the copper foil processing fee decreased significantly, and the gross profit margin of the product decreased compared with the same period last year, affecting the company's profits.

2. During the reporting period, the company made credit impairment losses on receivables in accordance with accounting standards, which increased significantly compared with the same period last year. The main reason was the increase in the company's sales volume and the moderate relaxation of credit policies for major customers during the reporting period, which led to a corresponding increase in the balance of accounts receivable at the end of the period.

3. During the reporting period, the company made provision for impairment of assets with signs of impairment in accordance with accounting standards.

4. During the reporting period, due to the increase in the amount of the company's loans to financial institutions, the amount of interest expense in the current period increased compared with the same period.

In the future, the company will adhere to high-quality development, promote the company's products to a new direction of high-end and diversification, strengthen R&D innovation, market development, and take multiple measures to reduce costs and increase efficiency, so as to enhance the company's market competitiveness:

(1) R&D and innovation. The company has always taken R&D and innovation as its core strategy, in order to meet the continuous upgrading of customers' product and technology needs, maintain strong R&D and innovation capabilities, promote technological innovation, and optimize product structure, so as to further enhance the company's core competitiveness. In terms of lithium battery copper foil, the company will focus on the development trend of the lithium battery copper foil industry, carry out product research and development and technical reserves according to the application needs of downstream customers, and develop and produce copper foil products with thinner thickness and better performance indicators. The company will continue to strengthen the reserve and promotion of customized and high-end products, optimize the company's product structure, and increase the proportion of high value-added products to continue the company's competitive advantage; In terms of copper foil for electronic circuits, the company actively promotes the domestic substitution process of high-end copper foil for electronic circuits to meet the application of high-frequency and high-speed circuit board performance in the fields of 5G communication and automotive intelligence; In addition, the company will always pay attention to the development and changes of battery technology routes, and carry out related research and development and sample delivery of new anode current collector products including but not limited to different technical routes of semi-solid and all-solid-state batteries, high-silicon anode batteries, and "low-altitude economy". At the same time, we focus on the research and development of existing battery technology iterations and materials required for different application scenarios, and continuously optimize and improve the performance of traditional copper foil (such as strength, ductility, surface energy, etc.), composite copper foil, microporous copper foil,

The research and development of cutting-edge new technologies such as monocrystalline copper foil and new special foils have promoted the sample testing and promotion of well-known customers at home and abroad.

(2) Market development. The company will focus on increasing the company's marketing and development efforts, further consolidate and expand the existing market share and market share, take in-depth excavation of customer needs as the source of power, continue to expand and in-depth service to high-quality customers in various industries, provide high-quality copper foil products, and strive to become a leading enterprise in the field of new energy and new materials. At the same time, on the basis of maintaining the existing market and customers, the company actively excavates foreign potential markets, formulates competitive pricing strategies in combination with market conditions, increases the development of new international markets, and strengthens the company's radiation ability in the copper foil market through exhibitions, market research and customer visits, so that customers continue to improve the company's brand recognition. The company will also continue to strengthen the layout of overseas markets, make use of its own product advantages and comprehensive service capabilities, actively explore overseas markets through a variety of ways, further promote the international sales of copper foil products, achieve diversified development, and better adapt to changes in the global economy.

(3) Reducing costs and increasing efficiency. The company will continue to optimize the base construction planning and construction plan, and scientifically grasp the construction progress; standardize the management of consumable materials such as copper and reduce the cost of copper; Optimize the personnel structure and improve operational efficiency; We will continue to carry out special actions to open sources, reduce expenditures, reduce costs, and increase efficiency. The company will maintain the company's stable operation through a variety of measures, and strive to reduce costs and increase efficiency to maintain competitiveness.

In addition, the company will actively look for good investment targets in the fields of new energy, new materials and advanced manufacturing industries, do a good job in extending the chain of the main business and coordinate development, and actively respond to the current fierce competition in the industry.

4. Risk Warning

The company does not have any major uncertainties that affect the accuracy of the content of this earnings forecast. The results of this forecast have not been audited by a certified public accountant.

5. Other explanatory matters

The above forecast data is only preliminary accounting data, and the specific and accurate financial data are subject to the audited 2024 annual report officially disclosed by the company.

The announcement is hereby made.

Board of Directors of Guangdong Jiayuan Technology Co., Ltd

January 18, 2025