On January 28, Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) issued an announcement on the pre loss of performance in 2021. The announcement pointed out that the performance of Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) 2021 is expected to suffer a loss. The net loss attributable to the shareholders of the listed company in 2021 is expected to be 180 million yuan to 260 million yuan, compared with 248 million yuan in the same period of last year.
In response to performance changes, Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) said that after the release of the “double reduction” policy, the company took the initiative to respond to the requirements of standardizing school running, combined with the actual situation of relevant businesses, accelerate product transformation, continuously integrate and optimize existing campuses, carry out personnel optimization, etc. With the gradual progress of relevant adjustment work, the company suffered a large loss in the fourth quarter due to factors such as closing the campus and optimizing employees, resulting in a loss in the company’s net profit in 2021.
According to the announcement, the preliminary test results show that Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) needs to withdraw about 48 million yuan of goodwill impairment reserves. At the same time, due to the significant impact of the “double reduction” policy on the company’s K12 discipline training business, the company expects to withdraw about 30 million yuan of inventory depreciation reserves related to discipline training business and about 60 million yuan of intangible assets related to discipline training business.
