Online Road Show for “Smarter Energy Annual Performance Communication Meeting 2016”Held Successfully

“Smarter Energy Annual Performance Communication Meeting 2016” was successfully held by Far East Smarter Energy Co., Ltd. (hereinafter referred to as Smarter Energy, stock code: 600869) on May 4 via iFinD client side. Wang Zheng, Board Secretary of Smarter Energy (600869.SH), was the guest speaker of this online road show. This activity themed by “performance communication and description of company's future strategy” was aimed at promoting the information exchange between Smarter Energy (600869.SH) and investors. The online road show mode broke the spatial constraint and its performance earned rave reviews from investors and institutions.

It was reported that the road show broadcast live connected 310 million individual investors and hundreds of prominent investors from tens of thousands of institutions. Moreover, nearly one hundred people participated in the Q&A session, creating a highly lively atmosphere in this show.

According to the Board Secretary, the company's performance, especially in terms of revenue, maintained a sustained growth with operating income reaching RMB 12.243 billion, a year-on-year increase of 4.54%. The company achieved a net profit of RMB 270 million attributable to shareholders of the listed company after deduction of non-recurring profit and loss, with a year-on-year growth of 0.5%. With the company's acceleration of transformation and upgrading, the profit gained by three major businesses, namely the power system and energy storage equipment of new energy vehicles, clean/ new energy systems, and intelligent equipment has accounted for more than 60% in total profit, with gross margin being 23.18%, 15.68%, 50.18% respectively; the compound growth rate of company's net profit was 24.32% in past three years. The profitability will continue to improve with the help of optimization of income structures.

The company will carry out many works in years to come including keeping focusing on strategic positioning to seek potential partners, broadening solutions for smart energy and smart city system, realizing the organic combination of product operation and capital operation, responding to the market demands of the new era in a flexible manner, and devoting itself to becoming a world's leading smart energy and smart city system service provider.