Securities code: 688234 Securities abbreviation: Tianyue Advanced Announcement No.: 2025-014

Shandong Tianyue Advanced Technology Co., Ltd

2024 Annual Results Bulletin Announcement

The Board of Directors and all directors of the Company guarantee that there is no false record or misleading statement in the content of this announcement

or material omissions, and bear legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Shandong Tianyue Advanced Technology Co., Ltd. (hereinafter referred to as the "Company") in 2024 as set forth in this announcement

The main financial data is preliminary accounting data, which has not been audited by an accounting firm, and the specific data is based on the company's 2024

The annual report shall prevail, please pay attention to the investment risks.

1. Main financial data and indicators for 2024

Unit: 10,000 yuan; Currency: RMB

Item Current reporting period Same period last year Increase or decrease Change

（%）

Total operating income 176,814.10 125,069.57 41.37

Operating profit 16,161.04 -5,667.71 N/A

Total profit 16,217.45 -5,615.97 N/A

Net profit attributable to owners of parent company 18,046.40 -4,572.05 N/A

Deductions attributable to owners of the parent company are not applicable from 15,753.19 -11,272.08

Net profit from recurring gains and losses

Basic earnings per share (RMB) 0.42 -0.11 Not applicable

The weighted average return on equity was 3.39% -0.87%, an increase of 4.26 percentage points

End of the reporting period Beginning of the reporting period Change in the amount of change

（%）

Total assets 731,802.70 691,135.27 5.88

Owners' equity attributable to parent company 531,975.40 522,651.27 1.78

Share capital 42,971.10 42,971.10 0.00

Net assets per share attributable to owners of the parent company 12.38 12.16 1.81

Output (RMB)

Note: 1. The beginning of the reporting period is the same as the end of the previous year as disclosed by law.

2. The above financial data and indicators are filled in with consolidated statement data, but unaudited, and the final result is based on the company's 2024 year

The degree report shall prevail.

2. Explanation of operating performance and financial situation

(1) The operating situation, financial situation and main factors affecting the operating performance in the reporting period

1. The operating situation and financial status of the reporting period

During the reporting period, the company achieved operating income of 1768.141 million yuan, a year-on-year increase of 41.37%.

During the reporting period, the company's net profit attributable to the owners of the parent company was 180.464 million yuan, an increase of 226.1845 million yuan year-on-year, turning losses into profits; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 157.5319 million yuan, an increase of 270.2527 million yuan year-on-year, turning losses into profits.

At the end of the reporting period, the company's total assets were 731,802.70 million yuan, a year-on-year increase of 5.88%; attributable to the parent company

owner's equity was 531,975.40 yuan, a year-on-year increase of 1.78%; Net assets per share attributable to owners of the parent company were 12.38 yuan, an increase of 1.81% year-on-year.

2. The main factors affecting business performance

In 2024, the company will focus on its main business, strengthen R&D and innovation, and enhance its technological competitiveness; In-depth development of market and customer resources, strengthen long-term cooperation with well-known customers at home and abroad; Continued to release production capacity and optimize product structure, production and sales continued to increase, and the operating income increased significantly year-on-year in the reporting period. At the same time, the company continued to reduce costs and increase efficiency, and continuously improved its management capabilities, the company's gross sales margin increased significantly year-on-year during the reporting period, and the net profit attributable to the owners of the parent company and the net profit and loss attributable to the owners of the parent company after deducting non-recurring profits and losses increased significantly year-on-year, achieving a turnaround; Earnings per share and weighted average return on equity all improved year-on-year.

(2) The main reasons for the increase or decrease of more than 30% of the relevant items in the above table

1. During the reporting period, the company's operating income increased by 41.37% year-on-year, mainly due to the continuous increase in the production capacity and output of the company's large-size and conductive products, and the continuous increase in sales.

2. During the reporting period, the company's operating profit, total profit, net profit attributable to the owners of the parent company, net profit attributable to the owners of the parent company after deducting non-recurring gains and losses, and basic earnings per share changed significantly, mainly due to the increase in operating income compared with the same period last year and the increase in gross profit margin of products.

3. Risk Warning

As of the disclosure date of this announcement, the company has no major uncertainties affecting the accuracy of the content of this performance report. The main financial data of 2024 contained in this announcement are preliminary accounting data, which have not been audited by accounting firms, and the specific data are subject to the audited data in the 2024 annual report officially disclosed by the company.

The announcement is hereby made.

Shandong Tianyue Advanced Technology Co., Ltd

board of directors

February 24, 2025