Securities code: 000876 securities abbreviation: New Hope Liuhe Co.Ltd(000876) Announcement No.: 2022-18
Bond Code: 127015127049 bond abbreviation: hope to convert bond, hope to convert 2
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.
1、 Expected performance of the current period
1. Performance forecast period: January 1, 2021 to December 31, 2021
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2. Expected business performance:
√ loss \uf0f0 turning loss into profit \uf0f0 rising in the same direction \uf0f0 falling in the same direction
The current reporting period of the project is the same period of last year
Losses attributable to listed companies: 860 million yuan – 960 million yuan
Net profit of shareholders: 4944191000 yuan
Year on year decrease: 273.94% – 294.17%
Deducting non recurring losses: 6721 million yuan – 7721 million yuan
Net profit after profit: 6417822300 yuan
Year on year decrease: 204.72% – 220.31%
Basic earnings per share loss: 2.00 yuan / share – 2.22 yuan / share earnings: 1.17 yuan / share
2、 Communication with accounting firms
This performance forecast has not been pre audited by certified public accountants. 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.
3、 Explanation of performance change reasons
During the reporting period, the company sold 9.9781 million pigs, an increase of 20% over the same period. However, due to the gradual recovery of China’s pig production capacity (the year-on-year increase of 27.4% in the national pig market in 2021, and the year-on-year increase of 45.3%, 30.1% and 16.7% respectively at the end of the first quarter, the second quarter and the third quarter), the pig price in 2021 decreased significantly compared with the same period last year (the average sales price of commercial pigs of the company decreased by about 42% year-on-year). At the same time, due to the continuous rise in the price of feed raw materials (China’s corn price hit a record high, and the spot price of soybean meal also rose sharply), the company still has some purchased pig seedlings for fattening, and the company continues to promote the replacement and optimization of breeding pigs, the cost of pig breeding has increased significantly year-on-year, and the company’s pig breeding business has suffered a significant loss.
In addition, according to the requirements of the accounting standards for business enterprises, the company has made an impairment test on the current biological assets on hand, according to the structure, age, cost and listing rate of the current biological assets on hand, as well as the prediction of the company and the industry on the future pig price, and with reference to the price of pig futures, and made an impairment provision of about 1 billion yuan.
In the face of this unfavorable situation, the company adjusted the pace of development, controlled capital expenditure, optimized the existing production capacity, promoted full load production, iterated non plague prevention and control methods, strengthened the medium-sized construction of pig industry, paid close attention to fine production and operation, gradually reduced the cost of pig breeding by the end of the year, and gradually narrowed the loss range of each quarter in the second half of the year, Lay a good foundation for performance improvement in the next year.
4、 Risk tips
The outbreak and spread of animal diseases, the sharp fluctuation of feed raw material prices, the cyclical sharp fluctuation of livestock and poultry prices, the change of environmental protection policies and the occurrence of food safety problems will bring risks to the company’s industry and its own production and operation.
5、 Other relevant instructions
This performance forecast is the result of the preliminary calculation of the company’s financial department, and the specific financial data will be disclosed in detail in the 2021 annual report. Please make careful decisions and pay attention to investment risks.
New Hope Liuhe Co.Ltd(000876) board of directors
January 29, 2002
