Securities code: 688297 Securities abbreviation: China UAV Announcement No.: 2025-001

AVIC (Chengdu) Unmanned Aerial Systems Co., Ltd

2024 Annual Results Pre-loss Announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

1. Forecast of current results

(1) The performance forecast period

January 1, 2024 to December 31, 2024.

(2) Performance forecast

1. According to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company will be a loss in 2024, and the net profit attributable to the owners of the parent company will be -58 million yuan to -49 million yuan.

2. It is estimated that the net profit attributable to owners of the parent company after deducting non-recurring gains and losses in 2024 will be -67.5 million yuan to -58.5 million yuan.

3. This performance forecast has not been audited by a certified public accountant.

2. Performance in the same period of the previous year

The company's annual operating income in 2023 will be 2663.9607 million yuan, the total profit will be 327.9734 million yuan, the net profit attributable to the owners of the parent company will be 302.5736 million yuan, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be 285.8937 million yuan, and the earnings per share will be 0.45 yuan.

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

Affected by the fluctuation of the international market demand cycle, the adjustment of the rhythm of domestic market demand and the postponement of the procurement plan of key customers, the company's new orders during the reporting period were less than expected, and the number of products delivered decreased compared with the same period last year, resulting in a significant decline in annual operating income.

In order to maintain the company's industry status and meet the subsequent development needs, and grasp the development opportunities of the industry, during the reporting period, the company adhered to technological innovation, continued to increase R&D investment, and various operating expenses occurred normally.

In summary, the company suffered an operating loss for the current period.

4. Risk Warning

This performance forecast is a preliminary accounting conducted by the company's financial department based on its own professional judgment, and has not been audited by a certified public accountant. As of the disclosure date of this announcement, the company has not found any major uncertainties that may affect the accuracy of the content of this performance forecast.

5. Other explanatory matters

The above forecast data is only the preliminary accounting data of the company's financial department, 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 AVIC (Chengdu) Unmanned Aircraft Systems Co., Ltd

January 22, 2025