Jiangxi Special Electric Motor (002176) investor relations material

Executive summary

• Revenue for the first nine months reached ¥1,432 million, up 14.62% year-over-year, but net loss attributable to shareholders was ¥112.91 million, a 37.31% increase in loss compared to the same period last year.

• Third quarter net profit attributable to shareholders was ¥1.28 million, a 107% increase year-over-year, indicating a return to profitability for the quarter.

• Significant non-recurring gains, mainly from fair value changes and government subsidies, contributed ¥68.18 million to profit in the period.

Financial highlights

• Operating cash flow for the period was negative ¥338.19 million, a 37.38% improvement year-over-year.

• Basic and diluted EPS for the nine months was -¥0.0662, a 32.4% decrease in loss per share year-over-year.

• Total assets at period end were ¥6,008 million, down 9.52% from the previous year-end.

• Shareholders’ equity decreased by 3.12% to ¥3,395 million.

Outlook and guidance

• Management attributes changes in financial position to increased payments, higher interest expenses, and reclassification of long-term borrowings.

• No explicit forward-looking guidance provided, but operational adjustments and cost controls are highlighted.