Securities code: 600652 securities abbreviation: * ST youjiu Announcement No.: pro 2022-08 Shanghai U9 Game Co.Ltd(600652)
Announcement of performance loss in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
1. Shanghai U9 Game Co.Ltd(600652) (hereinafter referred to as “the company”) expects the net profit loss attributable to the shareholders of the listed company to be 65 million yuan to 80 million yuan in 2021; The net profit loss attributable to shareholders of listed companies after deducting non recurring profits and losses ranged from 66 million yuan to 81 million yuan.
2. The main reasons for the company’s performance loss in the current period: (1) the company’s main game business suffered losses, with an estimated loss of 70 million to 80 million yuan, reducing the company’s net profit of 70 million to 80 million yuan;
(2) It is estimated that the loss of the company’s long-term equity investment recognized under the equity method is about 9.7 million yuan; (3) It is estimated that the company will withdraw credit impairment losses and reduce the company’s net profit by about 13 million yuan; (4) The company’s participation in the company’s dividends increased the company’s net profit by 26.24 million yuan; (5) The company’s net increase in non recurring profit and loss is about 1 million yuan in total, including bank wealth management income, profit and loss from changes in the fair value of trading financial assets held by the company and profit and loss from changes in the fair value of equity investment held by the company.
3. According to the preliminary calculation of the company’s financial department, the company’s performance in 2021 will continue to suffer losses, and the operating income is less than 100 million yuan. The “delisting risk warning” was implemented after the disclosure of the 2020 annual report. According to the first paragraph of article 9.3.11 of the stock listing rules of Shanghai Stock Exchange (revised in January 2022), the company’s shares will face the risk of delisting. Please pay attention to investment risks.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. According to the preliminary calculation of the financial department, the company is expected to realize the continuous loss of net profit attributable to the shareholders of the listed company in 2021 compared with the same period of the previous year (legally disclosed data), and the loss of net profit attributable to the shareholders of the listed company ranges from 65 million yuan to 80 million yuan;
2. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is expected to have a loss of 66 million yuan to 81 million yuan;
3. The operating income is about 15.5 million yuan;
4. After deducting the business income irrelevant to the main business and the income without commercial substance, the operating income is about 10.5 million yuan;
5. The net assets are about 1678 million yuan.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: – 27.4619 million yuan; Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 44.1051 million yuan; Operating income: 12.3416 million yuan; After deducting the business income irrelevant to the main business and the income without commercial substance, the operating income is 10.2202 million yuan; The net assets are 1751801300 yuan.
(II) earnings per share: – 0.03 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) main business impact
1. Operating loss of main game business
It is estimated that the company’s net profit loss related to game and advertising business in this period will be 70 million to 80 million yuan, reducing the company’s consolidated net profit by 70 million to 80 million yuan.
2. Long term equity investment investment loss recognized under equity method
Shanghai Shengyue Network Technology Co., Ltd., invested by Shanghai zikey Information Technology Co., Ltd., a subsidiary of the company, continued to be in a downturn and suffered significant losses. The loss recognized under the equity method in this period is expected to be about 9.7 million yuan.
3. Dividends of participating companies
The dividend of Beijing International Trust Co., Ltd., in which the company shares, increased the consolidated net profit of the company by about 22.34 million yuan; Dividends from other participating companies of the company increased the consolidated net profit of the company by about 3.9 million yuan.
4. Provision for credit impairment loss
The company expects that the provision for credit impairment loss in this period will reduce the consolidated net profit of the company by about 13 million yuan. (II) impact of non operating profit and loss
It is estimated that the non recurring profit and loss in the current period is about 1 million yuan, mainly including: the company’s gain from bank financial management and the profit and loss from changes in the fair value of trading financial assets, which is expected to increase the company’s consolidated net profit by about 15.6 million yuan; The profit and loss from changes in the fair value of the equity investment of Hangzhou Viper Network Technology Co., Ltd. held by the company is expected to reduce the consolidated net profit of the company by about 14 million yuan.
4、 Risk tips
1. As of the disclosure date of this announcement, the company has no major uncertainties affecting the accuracy of the performance forecast.
2. The company has fully communicated with the accounting firm on matters related to the performance forecast, and there are no differences with the accounting firm on the performance forecast.
5、 Other explanatory matters
1. The above forecast data are only preliminary accounting data, and the specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company.
2. The audited net profit of the company in 2020 is negative and the operating income is less than RMB 100 million. After the disclosure of the 2020 annual report, the company’s shares were implemented with a “delisting risk warning”. According to the preliminary calculation of the company’s financial department, the company’s performance in 2021 will continue to suffer losses, and the operating income is less than 100 million yuan. According to the first paragraph of article 9.3.11 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), the company’s shares will face the risk of delisting. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Shanghai U9 Game Co.Ltd(600652) board of directors
January 27, 2022
