Yuan Cheng Cable Co.Ltd(002692) : annual performance forecast in 2021

Securities code: 002692 securities abbreviation: St remote Announcement No.: 2022-008 Yuan Cheng Cable Co.Ltd(002692)

Annual performance forecast for 2021

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Expected performance of the current period

(I) performance forecast period: from January 1, 2021 to December 31, 2021.

(II) performance forecast:

√ turn losses into profits □ increase in the same direction □ decrease in the same direction

The current reporting period of the project is the same period of last year

Profit attributable to shares of listed companies: 36 million yuan – 46 million yuan, loss: 133.85 million yuan, net profit of Dongdong after deducting non recurring profit and loss: 17 million yuan – 22 million yuan

Net profit after: 16.61 million yuan, an increase of 2.35% – 32.45% over the same period last year

Basic earnings per share: 0.0501 yuan / share – 0.0641 yuan / share loss: 0.1864 yuan / share

2、 Communication with accounting firms

The relevant financial data of the performance forecast in this period has not been audited by certified public accountants. The company has pre communicated with the annual report audit accounting firm on matters related to the performance forecast. There is no significant difference between the company and the accounting firm in the financial data of the performance forecast in this reporting period.

3、 Explanation of performance change reasons

In the second half of 2021, new progress was made in the company’s related litigation cases, and the estimated liabilities were adjusted accordingly. The total amount of this part is about 40.6891 million yuan, which belongs to non recurring profits and losses. The specific circumstances are as follows: (1) for Cai Yuanyuan’s private loan dispute case, Shanghai Minhang District People’s court ruled to reject Cai Yuanyuan’s lawsuit, and Cai Yuanyuan did not appeal, so the company offset the estimated debt of 70.9804 million yuan; (2) Zhengqi international commercial factoring Co., Ltd. sued the company for the dispute of bill recourse and jointly repaid the principal and interest of the loan of 80 million yuan. The company accrued an estimated liability of 87.1615 million yuan in the current period; (3) For the dispute case of Zhengqi factoring contract, the second instance of Anhui Higher People’s court ruled that the company was not responsible, and the company offset the estimated liabilities of 56.8702 million yuan in the current period. For details, please refer to the relevant announcements (Announcement No.: 2021-063, 2021-068, 2021-075) disclosed by the securities times, China Securities Journal and cninfo online.

4、 Other relevant instructions

This performance forecast is the result of the preliminary calculation of the company’s financial department. It has not been audited by an accounting firm. The specific financial data will be disclosed in detail in the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Yuan Cheng Cable Co.Ltd(002692) board of directors January 27, 2002

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