Higer Communications releases performance forecast for the first quarter of 2021: net profit attributable to parent company is expected to increase by 50%~60% year-on-year

During the reporting period, the company focused on the annual operating theme of "stimulating organizational vitality, benchmarking and surpassing itself, and opening a new chapter in Haiger's development during the 14th Five-Year Plan", closely following user needs, and continuing to promote "market space building, market share grabbing, and international market entry", focusing on major scientific research projects, and constantly building core technology competitiveness. The main business development trend is good, market expansion and operation and management have achieved remarkable results. The company's net profit attributable to shareholders of listed companies has maintained a good growth trend, and profitability has been significantly improved.

Note: This performance forecast has not been pre-audited by an accounting firm; specific financial data shall be subject to the first quarter report of 2021 disclosed by the company.

Based on the company's forward-looking strategic layout, the company has implemented core business focus, driven by the two-wheel drive of "industry + capital", and intensively cultivated advantageous areas such as wireless communications and Beidou navigation. The company's main business market has continued to make breakthroughs. In 2020, the company's newly signed user contracts for special institutions have reached a new high. The successive signing and implementation of relevant contracts have ensured the good development trend of the company's main business and highlighted the company'sForward-looking strategic layoutand sustained competitive advantage.

2021 is the first year of the country’s “14th Five-Year Plan”. It is also a critical year for Haiger Communications to deepen changes, innovate and expand, create a new development situation for Haiger’s “14th Five-Year Plan”, and achieve the goal of “taking off again”. Higer Communications will focus on the development strategy of "high-end high-tech manufacturing and high-end modern service industry" and take advantage of the company's full-band coverage in wireless communications, full industry chain layout in Beidou navigation, and a package of system solutions to seize a new round of market opportunities and actively consolidate and increase market share. At the same time, the company will increase its presence in emerging fields such as Beidou navigation, satellite Internet, and intelligent unmanned systems, further enhance the market competitiveness of industry applications and mass applications, and lay a solid foundation for future sustainable development.

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