YIZUMI's Semi-annual Performance Forecast In 2020

Recently, YIZUMI released the forecast 2020 half year result. According to the forecast, the company's production and operation in the second quarter recovered quickly, both of the revenue and net profit of the company reach its record high.

In the first quarter of 2020, due to the COVID-19 Pandemic, the resumption of work and production in the company and the upstream and downstream enterprises in the industry after the long Chinese New Year holiday were seriously affected and the company's daily business activities suffer a lot, leading to a relatively sharp decline in operating income and net profit .In the second quarter, however, the pandemic situation in China was effectively controlled, and the domestic market, especially that in the injection molding machine, recovered rapidly. While the company spared less effort in pandemic prevention and control, the management and the frontline workers can shift the attention back to production and operation, hence the efficiency and profitability were quickly restored.

The expected revenue of YIZUMI in the second quarter of 2020 is about 716 million Yuan, about 10% increase compared with the same period of last year. The net profit attributable to shareholders is expected to be 113.96 million Yuan to 119.98 million Yuan, a growth of about 51.58% to 59.59%. The company's quarterly revenue and quarterly net profit attributable to shareholders have both reached a record high.

At present, the company has sufficient orders on hand and the production is being held orderly. The company will actively respond to the continued impact of COVID-19 and strives to create more value for shareholders in the second half of the year.

*The financial result forecast mentioned in this report was prepared preliminarily by the company’s financial department and without third party auditing.