Securities code: 002882 securities abbreviation: Jinlongyu Group Co.Ltd(002882) Announcement No.: 2022-005
Jinlongyu Group Co.Ltd(002882) 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
(I) performance forecast period
January 1, 2021 – December 31, 2021
(II) performance forecast
\uf0f0 turning losses into profits \uf0f0 rising in the same direction ✔ Descending in the same direction
The current reporting period of the project is the same period of last year
Earnings attributable to listed companies: 34.9 million yuan – 52 million yuan
East’s net profit: 191.93 million yuan
Year on year decrease: 72.91% – 81.82%
Profit after deducting non recurring profit and loss: 34.08 million yuan – 51.18 million yuan
Net profit after: 190.19 million yuan
Year on year decrease: 73.09% – 82.08%
Basic earnings per share: 0.0806 yuan / share – 0.1201 yuan / share earnings: 0.4434 yuan / share
2、 Communication with accounting firms
The company has made pre communication with the annual audit accounting firm on matters related to the performance forecast, and there is no difference between the company and the annual audit accounting firm on the performance forecast.
The performance forecast has not been pre audited by certified public accountants.
3、 Explanation of performance change reasons
The main reasons for the sharp decline of the company’s performance in the reporting period: during the reporting period, the company had business transactions with a major customer and its member enterprises, resulting in accounts receivable and notes receivable. As of December 31, 2021, the major customer owed the company 314453229.17 yuan in total, including 113662637.79 yuan of accounts receivable Notes receivable is 100790591.38 yuan (as of the disclosure date of this announcement, notes receivable is 84845856.16 yuan overdue), and other receivables are 100000000.00 yuan.
Due to the liquidity crisis of the major customer, there are risks in the recovery of the above receivables and notes receivable. The company has filed a lawsuit on some receivables and notes receivable, but the acceptance is slow, and the trial period is long, and the trial result and implementation cannot be predicted; At present, although some projects of the key customer have resumed work, the local regulatory authorities, the key customer and its member enterprises are unable to honor or pay the early arrears related to the resumption project, and the company is unable to obtain the repayment commitment of the key customer and its member enterprises to the early payment. The management of the company has analyzed and evaluated the recoverability of the receivables and notes receivable of the major customer and its member enterprises as of December 31, 2021, and believes that the above receivables and notes receivable have been impaired. The company plans to make a single provision for credit impairment loss, and the specific impairment amount needs to be audited by the accounting firm and reviewed by the board of directors.
4、 Risk tips
This performance forecast is made on the basis of the company’s management’s analysis, assessment and calculation of the liquidity crisis and risk situation of the key customer. If the liquidity crisis of the key customer is improved before the disclosure of the annual report in 2021, the recoverability of relevant receivables and notes receivable of the company may change, It will affect the accuracy of the company’s performance forecast. The company has communicated with the annual audit accountant on this matter. Please pay attention to investment risks.
5、 Other relevant instructions
1. This performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by the annual audit accountant. 2. At present, the company still has a small amount of business with the major customer, which is settled in cash and spot. 3. The specific financial data will be disclosed in detail in the company’s 2021 report. Please make careful decisions and pay attention to investment risks.
Jinlongyu Group Co.Ltd(002882) board of directors
January 29, 2022
