2021 annual performance forecast
Securities code: 002905 securities abbreviation: Guangzhou Jinyi Media Corporation(002905) Announcement No.: 2022-001 Guangzhou Jinyi Media Corporation(002905)
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
(I) performance forecast period
January 1, 2021 to December 31, 2021
(II) performance forecast
√ expected net profit is negative
\uf0f0 it is estimated that the lower of the net profit before and after deducting the non recurring profit and loss is negative, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is less than 100 million yuan
The current reporting period of the project is the same period of last year
Loss attributable to shares of listed companies: 280 million yuan – 360 million yuan
East's net profit loss: 505957300 yuan, an increase of 28.85% - 44.66% over the same period last year
Deducting non recurring profit and loss: 298 million yuan – 383 million yuan
Net profit loss after: 530.606 million yuan, an increase of 27.82% - 43.84% over the same period last year
Loss of basic earnings per share: 0.74 yuan / share – 0.96 yuan / share loss: 1.34 yuan / share
2、 Communication with accounting firms
The company has made pre communication with the annual audit accounting firm on the performance forecast, and there is no difference between the company and the annual audit accounting firm on the performance forecast.
The performance forecast of this period has not been pre audited by certified public accountants.
2021 annual performance forecast
3、 Explanation of performance change reasons
The main reasons for performance changes are:
1. With the continuous improvement of China's epidemic prevention and control situation and the gradual recovery of the film market, the overall market is still affected by the film supply, especially the imported film supply affected by the overseas epidemic. In the first half of 2021, the mainland box office did not exceed 3 billion in March, April and June, hitting a new low in the past five years; In the third quarter, the film industry continued to suffer from repeated epidemics. At most, nearly one-third of the cinemas in the country were suspended, resulting in the withdrawal of key summer films, especially the high-profile "Changjin Lake", which led to the continuous downturn of the summer market. In the third quarter of 2021, the box office finally closed at only 6.649 billion (excluding service fees), Compared with the third quarter of 2019, the box office decreased by 57.30%, the lowest in recent 8 years; In the fourth quarter, domestic films were hot and cold, and the number of imported films released was significantly less than that before the epidemic, which failed to form an effective supplement to the box office. Although the strongest domestic films in history, such as Changjin Lake (5.772 billion) and me and my parents (1.476 billion), the above two films accounted for nearly 60% of the overall box office in the fourth quarter, The box office in the fourth quarter only closed at 11.181 billion yuan (excluding service fees), down 24.68% from the fourth quarter of 2019. (data source: cat's eye professional)
2. Cinemas are the key places for the normalization of epidemic prevention and control. In 2021, due to the repeated impact of the epidemic in Guangdong, Jiangsu, Henan, Gansu, Inner Mongolia, Heilongjiang and Shaanxi, 40 self operated Cinemas (accounting for 21.51% of all direct operated Cinemas) in Guangdong, Henan, Jiangsu, Hunan, Hubei, Hebei, Shaanxi and Liaoning were suspended, As of December 31, the company still had three studios in suspension of business, which directly affected the company's operating revenue. The box office of the company's direct studios in 2021 was 1039931400 yuan, a year-on-year decrease of 34.90%.
3. During the forecast period, after the company implemented the new leasing standards in accordance with the accounting standards for Business Enterprises No. 21 - leasing (CK [2018] No. 35) issued by the Ministry of finance, the period expenses increased, which had a certain impact on the current profits.
4. During the notice period, the company conducted systematic impairment test for some cinema equipment and related assets in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 8 - asset impairment. The assets involved showed signs of impairment. Based on the judgment of objective factors and future business development, the company plans to withdraw impairment reserves for some assets, The amount of the final impairment provision will be determined in strict accordance with the impairment test.
2021 annual performance forecast
4、 Other relevant instructions
1. This performance forecast is the result calculated by the financial department of the company and has not been pre audited by the audit institution.
2. The specific situation shall be subject to the 2021 annual report officially disclosed by the company. Please pay attention to investment risks.
It is hereby announced.
Guangzhou Jinyi Media Corporation(002905) board of directors January 29, 2022
