Chongqing Sansheng Industrial Co.Ltd(002742) the performance forecast was released on January 28. It is estimated that the loss in 2021 will be 455-535 million yuan, from profit to loss. Basic earnings per share loss of 1.05 yuan to 1.24 yuan. The basic earnings per share in the same period of last year was 0.17 yuan. The main reason for the performance change is that the performance of the building materials sector decreased due to the influence of national policies and the downstream real estate industry. The company’s building materials business is affected by the national policies of “strengthening infrastructure construction project management” and “three red lines” real estate macro-control, the growth rate of project construction slows down and the industry competition intensifies; At the same time, due to the continuous rise of raw material procurement costs and other factors, the gross profit and gross profit margin of the company’s building materials sector have decreased significantly. Impairment of accounts and notes receivable. Since 2021, especially in the fourth quarter, affected by the “three red lines” and other real estate macro-control policies, the downstream real estate development companies of the company’s building materials sector have the problem of insufficient capital liquidity. The collection difficulties and serious arrears of some real estate development projects in the building materials sector have increased, and the recovery risk of accounts receivable and the cashing risk of notes receivable have increased significantly. The company expects to increase the credit impairment loss by about 120 million yuan to 150 million yuan.
From January to June 2021, Chongqing Sansheng Industrial Co.Ltd(002742) ‘s main revenue composition is: building materials account for 62.22% and medicine account for 35.89%.
