Zhengzhou Sino-Crystal Diamond Co.Ltd(300064)
Securities code: 300064 securities abbreviation: Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) Announcement No.: 2022-006 Zhengzhou Sino-Crystal Diamond Co.Ltd(300064)
2021 annual performance forecast
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.
Special tips:
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) (hereinafter referred to as “the company”) has issued an audit report that cannot express opinions on the financial statements and notes to the financial statements in 2020. The delisting risk warning has been implemented since the opening of the company’s shares on April 28, 2021. Up to now, the matters that cannot express opinions have not been eliminated.
1. The company expects the owner’s equity attributable to the shareholders of the listed company to be – 1 million yuan to – 500 million yuan by the end of 2021. If the audited net assets at the end of 2021 are negative, or the net assets in 2021 are negative after retroactive restatement, the listing of the company’s shares will be terminated in accordance with Item 2 of article 10.3.10 of the listing rules.
2. If the company’s 2021 financial report is issued with an audit report with qualified opinions, unable to express opinions or negative opinions, the listing of the company’s shares will be terminated in accordance with Item 3 of article 10.3.10 of the GEM Listing Rules of Shenzhen Stock Exchange (hereinafter referred to as the “Listing Rules”).
3. At present, the company has not appointed an audit institution for 2021. The company will select and appoint an audit institution for 2021 as soon as possible to promote the audit work in 2021. If the company cannot disclose the true, accurate and complete annual report guaranteed by more than half of the directors before April 30, 2022, the listing of the company’s shares will be terminated in accordance with Item 4 of article 10.3.10 of the listing rules.
4. As of January 28, 2022, the closing price of the company’s stock was 1.47 yuan / share, and the daily rise and fall of the company’s stock trading was limited to 20%. If the closing price of the company’s shares is lower than 1 yuan every day for 20 consecutive trading days, the listing of the company’s shares will be terminated in accordance with Item 1 of article 10.2.1 of the listing rules.
5. China Securities Regulatory Commission (hereinafter referred to as “China Securities Regulatory Commission”) has been arrested for information disclosure violations
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064)
China Securities Regulatory Commission (“CSRC”) filed a case for investigation. On August 13, 2021, the company received the advance notice of administrative punishment and market Prohibition (punishment Zi [2021] No. 65) (hereinafter referred to as the “advance notice”) issued by the CSRC. The retroactively adjusted financial statements may touch the situation of major illegal compulsory delisting stipulated in Item (III) of Article 4 of the measures for the implementation of major illegal compulsory delisting of Listed Companies in Shenzhen Stock Exchange, and the company’s shares may be subject to major illegal compulsory delisting. The company shall verify the facts and financial data suspected of violating the law in the advance notice, and the final result shall be subject to the formal decision issued by the CSRC. Up to now, the company has not obtained the confirmed major accounting error or false record certificate, and has not retroactively adjusted the previous annual periodic report. This matter may affect the accuracy of the performance forecast. The company will continue to pay attention to it and disclose relevant information in time after receiving the formal punishment decision.
According to article 10.1.5 of the listing rules, if a listed company has more than two situations of termination of listing, the shares will be terminated in accordance with the principle of first touch, first application. Please pay attention to investment risks. 1、 Expected performance of the current period
(I) performance forecast period
January 1, 2021 – December 31, 2021
(II) performance forecast
Expected performance: □ loss □ turning loss into profit □ rising in the same direction □ falling in the same direction
The same period of last year in the current fiscal year
Loss attributable to listed companies: 1 billion yuan ~ 150 million yuan loss: 123615100 yuan net profit of shareholders
Deducting non recurring profit and loss: 380 million yuan ~ 760 million yuan, loss: 692.564 million yuan
Net profit after
The operating income is 70 million yuan to 90 million yuan and 478.3745 million yuan
The operating income after deduction is 650 million yuan ~ 850 million yuan and 435.7889 million yuan
The end of the current fiscal year and the end of the previous year
RMB 484.4756 million attributable to listed companies ranging from RMB -1 million to RMB -500 million
Owners’ equity of shareholders
Note: up to now, the company has received the advance notice issued by the CSRC on August 13, 2021
For the event of Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) , the company has not obtained the confirmed major accounting error or false record voucher, and has not retroactively adjusted the previous annual periodic report, so there is still uncertainty whether it will affect the above data.
2、 Communication with accounting firms
At present, the company has not appointed an audit institution for 2021, and the performance forecast has not been pre audited by certified public accountants.
3、 Explanation of performance change reasons
In 2021, under the circumstances of tight capital chain and rising operating costs, the company made great efforts to overcome difficulties, deal with many adverse factors, focus on the main and core technologies, optimize the process flow, never relax the normalization of epidemic prevention and control, and fully promote the sustainable operation of the company’s production, The company expects the net profit attributable to the shareholders of the listed company to be a loss of 1 billion yuan to 150 million yuan, mainly due to:
1. During the reporting period, with the effective control of the epidemic and the gradual recovery of the market, the company seriously implemented lean production, continued to promote R & D innovation driven by the market, achieved preliminary results, and further improved its ability to respond quickly to market demand. On the basis of ensuring the stability of the industrial diamond market, the company optimized its layout and expanded and cultivated the diamond consumer market, Operating income increased significantly over the same period last year.
2. During the reporting period, according to the relevant provisions of the accounting standards for business enterprises and the company’s accounting policies, combined with the progress and judgment of litigation matters, the company accrued litigation losses and estimated liabilities, which are included in non operating expenses, which is expected to be about 650 million yuan, resulting in an increase in non operating expenses over the same period of last year.
During the reporting period, the impact of non recurring profits and losses on the company’s net profit is expected to be about – 70 million yuan to – 60 million yuan.
4、 Other risk tips
1. Because the company provided funds to Henan Huajing Superhard Materials Co., Ltd. (hereinafter referred to as “Henan Huajing”) or its affiliates or violated the specified procedures for external guarantee, and the situation was serious, the company’s shares were subject to other risk warnings since the opening of the market on November 4, 2020. Except for the disclosed fund occupation and illegal guarantee, the company has not found any other fund occupation and illegal guarantee.
2. In recent years, some cooperative banks and non bank financial institutions have cut off loans and withdrawn loans, and the company’s financing channels have been blocked. At the same time, due to litigation matters, most of the company’s bank account funds, land and foreign investment equity have been frozen
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) seizure, the company’s capital chain is tight and its sustainable operation ability is at risk. By the end of December 2021, the balance of monetary funds available to the company was about 16 million yuan.
3. As of the disclosure date of this announcement, the company has involved 91 litigation / arbitration cases, with a total amount of about 6039220700 yuan, including 84 litigation cases involving the company and its holding subsidiaries as defendants, with a total amount of about 5778348100 yuan; The company and its holding subsidiaries, as plaintiffs, involved seven litigation cases, with a case amount of about 260.8726 million yuan. The company is listed as a dishonest executee.
Please pay attention to investment risks.
5、 Other relevant instructions
1. The performance forecast data is the preliminary calculation result of the company’s financial department, which has not been audited by the audit institution, and there is still uncertainty;
2. The specific financial data of 2021 annual performance will be disclosed in detail in the company’s 2021 annual report. Please pay attention to the investment risks.
It is hereby announced.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) board of directors
January 29, 2022
