Net profit tripled! Deduct 16 times more than before! Junda shares issued a pre-increase announcement in the interim report

On July 13, Junda issued a performance pre-increase announcement for the first half of the year.

In the first half of 2023, the company achieved a profit of 900 million to 1.1 billion yuan, an increase of 230% to 300% over the same period last year; the net profit after deduction of non-profits is estimated to be 850 million to 1.05 billion yuan, an increase of 1330% to 1670% over the same period last year; the basic earnings per share is 4.43 yuan/share to 5.42 yuan/share.

In response to the surge in performance, Junda Co., Ltd. believes that the reasons are as follows:

1. The main business of the company includes the automotive accessories business with fatigue growth and the photovoltaic cell business of Shangrao Jietai New Energy Technology Co., Ltd. (Hereinafter referred to as "Jietai Technology") (51% of which is included in the consolidated statements of listed companies

). In June 2022, the company sold the original automotive accessories business . In July 2022, the company completed the acquisition of the remaining 49% equity of Jietai Technology. Since August 2022, Jietai Technology has become a 100% wholly-owned subsidiary of the company, focusing on the main business of photovoltaic cells.

2. During the reporting period, the price of upstream silicon materials continued to decline , which pushed down the cost of the industry, stimulated the photovoltaic industry to maintain high growth, and the market demand continued to be strong. In 2023, the photovoltaic cell sector was upgraded and iterated from P-type to N-type technology, the production capacity of N-type batteries in the industry was relatively short, the market of N-type products was in short supply, and the profit of batteries increased compared with the same period last year. The company took the lead in realizing large-scale production of N-type TOPCon batteries in the industry, and became one of the few specialized battery manufacturers with large-scale supply capacity of N-type TOPCon batteries in the industry. During the

reporting period, the company's Chuzhou Phase II project with an annual output of 10GW and Huai'an Phase I project with an annual output of 13GW were put into operation, and the production capacity of N-type TOPCon was increased to achieve a substantial increase in business performance.

The company's battery shipments were 11.4G W, up 181% year-on-year. P-type PERC shipments were 4.84 GW and N-type TOPCon shipments were 6.56 GW.