Securities code: 603268 securities abbreviation: Guangdong Songfa Ceramics Co.Ltd(603268) Announcement No.: 2022 pro-007 Guangdong Songfa Ceramics Co.Ltd(603268)
Announcement of annual performance loss in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
1. Guangdong Songfa Ceramics Co.Ltd(603268) (hereinafter referred to as “the company”) is expected to realize the net profit attributable to the shareholders of the listed company in 2021 from – 334 million yuan to – 276 million yuan.
2. The company expects the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses to be – 341 million yuan to – 282 million yuan in 2021.
3. The main reason for this performance loss in advance: during the reporting period, the company accrued a large amount of goodwill impairment, which is expected to have an impact on the net profit attributable to the shareholders of the listed company in 2021 of – 270 million yuan to – 233 million yuan.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. According to the preliminary calculation of the company’s financial department, it is expected that the net profit attributable to the shareholders of the listed company in 2021 will be a loss compared with the same period of the previous year, and the net profit attributable to the shareholders of the listed company will be – 334 million yuan to – 276 million yuan.
2. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 341 million yuan to – 282 million yuan.
(III) the financial data related to this performance forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 1619500 yuan.
Net profit attributable to shareholders of the listed company after deducting non recurring profits and losses: 1.0601 million yuan (II) earnings per share: 0.01 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) affected by the “double reduction policy”, the company’s holding subsidiary Beijing Minmin Brother Enterprises Holding Co.Ltd(002562) Development Co., Ltd. (hereinafter referred to as “Minmin brothers”) as an online service provider of after-school training institutions, the relevant business income and profitability decreased significantly. Based on the principle of prudence, the company plans to make provision for impairment of goodwill related to the acquisition of Min brothers in 2017. After preliminary calculation, it is estimated that the goodwill impairment provision of Min brothers will be fully withdrawn in 2021, with 210.87 million yuan.
(II) affected by the decline of the US dollar exchange rate, the rise in the price of raw materials such as natural gas and the EU anti circumvention, the net profit of Chaozhou Lianjun Ceramics Co., Ltd. (hereinafter referred to as “Lianjun ceramics”), a wholly-owned subsidiary of the company, decreased significantly in 2021, showing signs of impairment of goodwill. After preliminary calculation, the recoverable balance of Lianjun ceramic asset group is less than the book value, and the provision for goodwill impairment is expected to be 28 million yuan to 39 million yuan.
4、 Risk tips
1. As of the disclosure date of this announcement, the relevant goodwill impairment test of the company is still in progress. The impact amount of goodwill impairment included in the above expected operating results in 2021 is the preliminary calculation result, and the amount of goodwill impairment provision withdrawn by the company in this period is subject to the final audit and evaluation results;
2. The company has no other major uncertainties that may affect the accuracy of the performance forecast. 5、 Other explanatory matters
The specific and accurate financial data of the company in 2021 will be disclosed in detail in the annual report. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Guangdong Songfa Ceramics Co.Ltd(603268) board of directors January 29, 2022
