**Abstract**
Stock Code: 300080
Securities Abbreviation: Xinda New Materials
Announcement No.: 2014-004
Henan Xinda New Materials Co., Ltd.
2013 Annual Results Preview
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
**I. Performance Forecast for the Current Period**
1. Forecast Period: January 1, 2013, to December 31, 2013
2. Expected Performance: The company is expected to turn from a loss to a profit.
**Key Financial Indicators During the Reporting Period**
The net profit attributable to shareholders of the listed company is estimated to be approximately RMB 70 million to 75 million yuan, compared to a net loss of RMB 62.32 million yuan in the previous year.
**II. Pre-Audit Status of the Performance Forecast**
This performance forecast has not been reviewed or audited by an independent certified public accountant.
**III. Reasons for the Change in Performance**
In 2013, the Chinese government introduced a series of favorable policies to support the development of the domestic photovoltaic (PV) market. Additionally, the Sino-European PV trade dispute reached a resolution, which contributed to a gradual recovery of the PV industry.
Following the completion of the asset restructuring with Pingdingshan Yicheng New Materials Co., Ltd., the company became the leader in the PV segment, significantly improving its market position. This helped to eliminate the low-price competition that had previously plagued the industry. The restructuring also enhanced the company’s downstream bargaining power and generated significant synergies and scale effects, leading to improved profitability.
Furthermore, the company benefited from equity investment income and the disposal of Pingdingshan Yicheng New Energy Co., Ltd. These factors collectively contributed to the projected profitability of RMB 70 million to 75 million yuan for the year 2013.
**IV. Additional Notes**
The performance forecast is based on preliminary calculations conducted by the company’s finance department. The actual financial results for 2013 will be reflected in the official annual report. The board of directors reminds investors to carefully consider the risks involved in their investment decisions.
**Henan Xinda New Materials Co., Ltd.**
Board of Directors
January 30, 2014
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