Half Year Performance Forecast Of Jingwei Textile Machinery Co., Ltd. In 2020

The company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions.

1、 Expected performance in the current period

January 30, 2020.

2. Expected business performance: the same direction of decline.

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2、 Performance forecast and pre audit

This performance forecast has not been pre audited by certified public accountants.

3、 Reasons for performance changes

Under the epidemic situation, the number of fixed assets in the textile industry decreased sharply and the number of investment in fixed assets decreased sharply during the reporting period. In this environment, the textile machinery business and financial business of the company were affected by the decrease of customer demand, resulting in a year-on-year decrease in revenue, resulting in a decrease in operating profit, and a year-on-year decrease in net profit attributable to shareholders of listed companies.

On the premise of doing a good job in epidemic prevention and control, the company took measures such as actively expanding the market to accelerate the recovery of production and business activities. In the second quarter, we strengthened the work of key projects in the textile machinery market, promoted the balanced development of trust product types and capital investment, and the business situation was better than that of the first quarter, and the market share was gradually consolidated. Under the influence of the epidemic situation, personnel communication and business development of the company's overseas business are still limited, which still restricts the growth of business performance.

4、 Other relevant instructions

This performance forecast is the result of preliminary calculation by the financial department of the company, which has not been audited by audit institutions. The specific financial data will be disclosed in detail in the company's 2020 semi annual report.

Please be cautious in making decisions and pay attention to investment risks.

It is hereby announced.

Jingwei Textile Machinery Co., Ltd

Board of directors

July 11, 2020