Securities code: 600699 securities abbreviation: Ningbo Joyson Electronic Corp(600699) Announcement No.: pro 2022-002 Ningbo Joyson Electronic Corp(600699)
Annual performance forecast for 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. The company expects that the net profit attributable to shareholders of Listed Companies in 2021 will be - 3.18 billion yuan to - 3.78 billion yuan.
2. After deducting non recurring gains and losses, the company expects to realize a net profit attributable to shareholders of listed companies of - 3.28 billion yuan to - 3.88 billion yuan in 2021.
3. The company has conducted a preliminary impairment test on the relevant asset groups of the automobile safety division, and plans to withdraw impairment reserves for long-term assets (including goodwill), which will have an impact on the company's net profit attributable to the shareholders of the listed company in 2021 of 2 billion yuan to 2.5 billion 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 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 (legally disclosed data), and the net profit attributable to the shareholders of the listed company will be - 3.18 billion yuan to - 3.78 billion yuan.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is - 3.28 billion yuan to - 3.88 billion yuan.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of listed companies: 616 million yuan.
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 342 million yuan.
(II) earnings per share: 0.49 yuan.
3、 Main reasons for performance loss in advance in the current period
1. In 2021, the company's business continued to be affected by the covid-19 epidemic and the global chip shortage. It is expected to achieve an operating revenue of about 45.6 billion yuan in 2021, a year-on-year decrease of about 5%, mainly due to the output reduction or shutdown of some auto enterprises in North America, Europe and Asia due to the intensification of the impact of chip shortage since the third quarter, It has a great impact on the development of the company's automobile safety business and the control of costs and expenses;
2. Due to the shock of the global automobile supply chain system, the prices of upstream raw materials and transportation expenses of the company gradually increased from the second quarter, especially in the fourth quarter, the prices of the company's main raw materials, such as electronic parts, steel, plastic parts, magnesium aluminum alloy and spinning, reached the historical price peak. In 2021, the company's annual gross profit decreased by about 950 million yuan mainly due to the sharp rise in global raw material prices and transportation costs of automobile safety business; 3. Affected by the global covid-19 epidemic and the instability of the supply chain, the company lost about 600 million yuan mainly due to the shutdown of some factories in Mexico, Brazil and India and the unscheduled temporary scheduling adjustment of customers;
4. Many uncertain factors, such as the global covid-19 epidemic, chip shortage, supply chain disturbance, rising raw material prices and transportation costs, have brought great uncertainty to the automotive industry and exacerbated the business risks in North America, Europe and other regions. According to the accounting standards for Business Enterprises No. 8 - asset impairment, accounting supervision risk tip No. 8 - goodwill impairment and the company's accounting policies, the company has conducted a preliminary impairment test on the relevant asset group of Junsheng automobile safety division, and plans to make impairment provision for long-term assets (including goodwill), The impact on the company's net profit attributable to shareholders of Listed Companies in 2021 is RMB 2 billion ~ 2.5 billion. This led to a sharp decline in the company's performance in 2021;
5. In 2021, the company's automotive electronics business realized an operating revenue of about 13.3 billion yuan, with a year-on-year increase of about 20%, effectively offsetting the adverse impact of the above matters on the operating performance.
4、 Risk tips
The company has no major uncertainties affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data is based on the company's financial department's professional judgment and preliminary communication with the annual audit accountant. The specific and accurate financial data are subject to the 2021 annual report officially disclosed and audited by the company. Please pay attention to the investment risks.
It is hereby announced.
Ningbo Joyson Electronic Corp(600699) board of directors January 29, 2022
