Stock code: 688122 Stock abbreviation: Western Superconductor Announcement No.: 2025-003

Western Superconducting Materials Technology Co., Ltd

2024 Annual Results Bulletin 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 in accordance with the law.

The main financial data for 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 data disclosed in the 2024 annual report of Western Superconducting Materials Technology Co., Ltd. (hereinafter referred to as the "Company"), and investors are reminded to pay attention to investment risks.

1. Main financial data and indicators for 2024

Unit: RMB 10,000 yuan

Increase or decrease the range of change

Item Current reporting period Same period last year

（％）

Total operating income 464,107.34 415,878.43 11.60

Operating profit 101,182.27 87,005.61 16.29

Total profit 101,122.90 86,814.52 16.48

attributable to the owner of the parent company

80,984.86 75,237.21 7.64

Net profit

attributable to the owner of the parent company

Net net of non-recurring gains and losses 71,547.12 63,107.49 13.37

profit

Basic earnings per share (RMB) 1.2466 1.1581 7.64

The weighted average return on equity was 12.42 12.37, an increase of 0.05 percentage points

Increase or decrease the range of change

End of the reporting period Beginning of the reporting period

（％）

Total assets 1,367,191.60 1,208,414.52 13.14

Vested in the owner of the parent company

669,596.20 632,477.58 5.87

Rights

Share capital (10,000 shares) 64,966.45 64,966.45 -

attributable to the owner of the parent company

10.31 9.74 5.85

Net assets per share (RMB)

Note: 1. Unless otherwise specified, 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 are unaudited, and the final results are subject to the company's 2024 annual report.

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

During the reporting period, the company actively responded to external changes in the industry, continued to strengthen the development of new markets and new customers, and focused on new quality productivity, achieved breakthroughs in a number of new products and technologies, achieved remarkable results in lean production, quality control, equipment automation and informatization, further optimized the annual sales structure, and increased the revenue scale and operating performance.

During the reporting period, the company achieved a total operating income of 4641.0734 million yuan, a year-on-year increase of 11.60%.

the net profit attributable to the owners of the parent company was 809.8486 million yuan, a year-on-year increase of 7.64%, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 715.4712 million yuan, a year-on-year increase of 13.37%, and the basic earnings per share was 1.2466 yuan, a year-on-year increase of 7.64%; At the end of the reporting period, the company's total assets were 1,367,191.60 million yuan, an increase of 13.14% over the beginning of the period, the owner's equity attributable to the parent company was 669,596.20 yuan, an increase of 5.87% from the beginning of the period, and the net assets per share attributable to the owners of the parent company were 10.31 yuan, an increase of 5.85% from the beginning of the period.

(2) The main reasons for the increase or decrease of more than 30% in the main financial data and indicators

Not applicable.

3. Risk Warning

The company does not have any major uncertainties that affect the accuracy of the content of this performance report.

The main financial data for 2024 contained in this announcement are preliminary accounting data and have not been audited by an accounting firm

Plan. The specific financial data is subject to the data disclosed in the company's 2024 annual report, and investors are advised to pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Western Superconducting Materials Technology Co., Ltd

February 27, 2025