Securities code: 002742 securities abbreviation: Chongqing Sansheng Industrial Co.Ltd(002742) Announcement No.: 2022-06 Chongqing Sansheng Industrial Co.Ltd(002742)
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
1. Performance forecast period: January 1, 2021 to December 31, 2021
2. Expected performance: √ loss □ turning loss into profit □ rising in the same direction □ falling in the same direction
The current reporting period of the project is the same period of last year
Loss attributable to shareholders of listed companies: 455 million yuan - 535 million yuan
Profit: the net profit of 73.4368 million yuan decreased by 719.58% - 828.52% over the same period of last year
Loss after deducting non recurring profit and loss: 45 million yuan - 53 million yuan
Profit: the net profit of 51.6317 million yuan decreased by 971.56% - 1126.50% over the same period of last year
Basic earnings per share loss: 1.05 yuan / share - 1.24 yuan / share profit: 0.17 yuan / share
2、 Performance forecast and pre audit
The company has pre communicated with the accounting firm responsible for the audit of the company's annual report on matters related to the performance forecast, and there is no significant difference between the company and the accounting firm in this performance forecast.
The relevant financial data in this performance forecast have not been audited by certified public accountants.
3、 Explanation of performance change reasons
1. Affected by national policies and the downstream real estate industry, the performance of the building materials sector decreased
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. 2. 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.
3. Impairment of gypsum mine related assets
The mining area of the company's Gypsum mining right is located in Maoan nature reserve, Beibei District, Chongqing. According to the requirements of the notice of the general office of Chongqing Municipal People's Government on printing and distributing the work plan for the withdrawal of mining rights from the nature reserve and the "four mountains" control area in 2018, the mining of gypsum mine is suspended. Since the suspension of mining, the company has actively communicated and coordinated with government departments at all levels, hoping to continue the gypsum mining right by resuming mining and adjusting the scope of mining area. Up to now, the application for renewal of mining license has not been approved by Beibei District People's Government of Chongqing and relevant departments. If gypsum cannot be supplied by itself, it needs to be purchased, which will significantly increase the production cost; Moreover, the purchased quantity is unstable, resulting in insufficient capacity utilization of the production line and unable to fully amortize the depreciation and other expenses of fixed assets of the production line. The company's Gypsum Mine involves relevant assets with a value of about 200 million yuan, and is expected to form an asset impairment loss of about 130-150 million yuan;
4. Impairment of overseas assets
The company set up a subsidiary in Ethiopia, Africa to invest in medicine and new building materials projects, and promote the company to explore the African market. Since the fourth quarter of 2021, under the combined influence of the intensification of the civil war and the spread of the epidemic in Ethiopia, political and operational risks have increased day by day.
(1) Political risk: the civil war area in Ethiopia has spread to the vicinity of the capital, close to the production and operation sites of the company's subsidiaries.
(2) Operational risk: since 2021, the sea freight has been rising continuously, the inflation rate has been rising continuously, the production and operation costs have increased significantly, and the operational risk is difficult to control.
At present, the value of the company's overseas assets in Ethiopia is about 200 million yuan, and the asset impairment loss is expected to be about 100-110 million yuan.
4、 Other relevant instructions
This performance forecast is the preliminary accounting result of the company's financial department, which has not been audited by the audit institution. The specific financial data will be disclosed in detail in the 2021 annual report. Please pay attention to the investment risk.
It is hereby announced
Chongqing Sansheng Industrial Co.Ltd(002742) board of directors January 28, 2022
