Daodaoquan Grain And Oil Co.Ltd(002852) : it is estimated that the net profit loss in 2021 will be 155 million yuan ~ 190 million yuan

Daodaoquan Grain And Oil Co.Ltd(002852) the performance forecast was released on January 28. It is estimated that the net loss attributable to the shareholders of the listed company will be 155 million yuan to 190 million yuan in 2021. The loss of basic earnings per share ranged from -0.68 yuan to -0.55 yuan. The net profit loss attributable to the shareholders of the listed company in the same period of last year was -76.4991 million yuan. The loss of basic earnings per share was -0.28 yuan. The main reasons for the performance changes are: during the reporting period, on the one hand, the prices of raw materials such as rapeseed, crude oil and soybeans required by the company continued to be high throughout the year and rose rapidly again from the fourth quarter. Although the company has raised the product sales price, the gross profit margin of the company decreased significantly during the reporting period due to the lag of price adjustment and the influence of adjustment range; On the other hand, due to relatively weak consumer demand and terminal destocking in the first half of the year, the sales volume of the company’s packaging oil products decreased compared with the same period of the previous year. During the reporting period, the company used derivative financial instruments to hedge the fluctuation risk of raw material purchase price and spot value, resulting in certain profits and losses. Part of the profit and loss is included in operating income or operating cost, and part is included in investment income. The above profits and losses are caused by avoiding risks in the process of normal production and operation of the company and are required for normal operation.

From January to June 2021, Daodaoquan Grain And Oil Co.Ltd(002852) ‘s main revenue composition is: food processing accounts for 99.61%, and other industries account for 0.39%.

The chairman and general manager of Daodaoquan Grain And Oil Co.Ltd(002852) are Liu Jianjun, male, 59, with a master’s degree background.

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