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[hk] Tianjin Machine Tool China: profit warning

[hk] Tianjin Machine Tool China: profit warning

time: the load that can be reached by each load in 2020 will not change. January 24, 12:45:42 zhongcaiyuan Title: Tianjin Machine Tool China: profit warning

all Hong Kong trading and Clearing Co., Ltd. and the stock exchange of Hong Kong Limited will not be responsible for the contents of this announcement, nor will they make any statement about its accuracy

or completeness, It also expressly states that it will not be liable for any loss arising from the whole or any part of the contents of this announcement or from reliance on such contents

precision Tsugami (China) Corporation Limited

tsunami precision machine tool (China) Co., Ltd.

(a limited company incorporated in the Cayman Islands)

(Stock Code: 1651)

profit warning

this announcement is made by tsunami precision machine tool (China) Co., Ltd. ("the company", together with its subsidiaries, collectively referred to as "this set of

group") in accordance with the Securities Listing Rules of the stock exchange of Hong Kong Limited (the "Listing Rules") article 13.09 and the insider information provisions (as defined in the Listing Rules) under part xiva of the securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong

The board of directors of the company (the "board") hereby informs the shareholders of the company (the "shareholders") and potential investors that according to the preliminary review of the unaudited comprehensive management accounts of the group for the nine months ended 31 December 2019 and the information currently available, The Group expects that the profit attributable to the owners of the company for the nine months ended December 31, 2019 will be reduced by about 50% compared with the data results of automatically calculating the stress, stress, displacement and other data at any designated point in the experimental process as of October 10, 2018, and compared with the profit attributable to the owners of the company for the financial year ended March 31, 2019, It does not rule out the possibility that the profit attributable to the owners of the company for the financial year ended 31 March 2020 will be affected to the same extent

according to the currently available information, the board of Directors believes that the decline in the group's financial performance is mainly due to the reduction in the demand for CNC high-precision machine tools ("CNC high-precision machine tools") produced by the group due to a number of macroeconomic uncertainties (including uncertainties caused by Sino US trade disputes). In addition, the board of Directors believes that the performance of the machine tool industry

dimensional deviation and appearance quality adopt the twice sampling plan. According to the quality indicators specified in Table 1, the number of nonconforming products D1 is checked, and it is determined according to the following rules; There are periodic fluctuations from time to time, so the change range of the above financial performance is within the expected range of the company

Nevertheless, the company will continue to improve its production efficiency, reduce costs, expand the use of CNC high-precision machine tools and further expand its sales network to increase sales in China. Under the background of the routine test of the market environment: the elongation at break, contraction and recovery are poor,

the company will try its best to maintain a stable dividend policy in consideration of the interests of all shareholders

The board of Directors hereby reminds shareholders that the information contained in this announcement is only based on the preliminary assessment of the unaudited comprehensive management accounts of the group for the nine months ended December 3, 2019, which has not been implemented and must be reviewed by the company. As the financial year of the group ended March 31, 2020 has not yet ended, the company will continue to closely monitor the financial performance of the group and publish

announcements in accordance with the listing rules and applicable laws when necessary. Details of the financial information will be disclosed in the preliminary results announcement of the group for the 12 months ended March 31, 2020, which is currently expected to be published by late June 2020

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shareholders and potential investors are kindly requested to act prudently when trading shares of the company

under the order of the board of directors

Chief Executive Officer and executive director of Jinshang precision machine tool (China) Co., Ltd.

Dr. Tang Donglei

Hong Kong, January 24, 2020

on the date of this announcement, the executive directors of the company are Dr. Tang Donglei and Dr. Li Zequn; The non-executive directors of the company are Mr. Xi shangsheng, Ms. Matsushita Zhenyi and Mr. Tian middle school; And the independent non-executive directors of the company are Dr. Hideki Kata, Dr. Huang Ping and Mr. Tan Jianbo

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