Securities code: 002718 securities abbreviation: Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) Announcement No.: 2022-002 Zhejiang Youpon Integrated Ceiling Co.Ltd(002718)
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
2. Expected performance: □ loss \uf0a3 turning loss into profit \uf0a3 rising in the same direction □ falling in the same direction
The current reporting period of the project is the same period of last year
Loss attributable to shareholders of listed companies: 270 million yuan – 350 million yuan
The net profit decreased by 423.13% - 518.87% over the same period of last year, and the profit was 83.5588 million yuan
Loss after deducting non recurring profit and loss: 35 million yuan – 80 million yuan
Net profit decreased by 146.73% - 206.81% over the same period of last year; Profit: 74.8967 million yuan
Basic earnings per share loss: 2.05 yuan / share – 2.66 yuan / share earnings: 0.64 yuan / share
2、 Communication with accounting firms
The company has made pre communication with the annual audit accounting firm on the performance forecast of the current period, and there is no difference between the company and the annual audit accounting firm on the performance forecast of the current period.
The financial data related to this performance forecast has not been audited by certified public accountants.
3、 Explanation of performance change reasons
During the reporting period, the company went deep into its main business, actively promoted the transformation and reform of retail channels, and achieved stable growth in operating revenue and rapid growth in retail business revenue.
The main reasons for the changes in the company's performance are the sharp decline in the fair value of investment projects related to real estate customers and the significant credit risk of receivables related to real estate customers.
1. Investment projects
The company indirectly holds the equity of the real estate customer through the equity investment fund with its own capital of RMB 300 million, and subscribes the private equity fund with risk level R3 (medium risk) managed by a private equity company with its own capital of RMB 15 million (the underlying asset of the fund is the bonds issued by the real estate customer). In view of the fact that the real estate customers are at a major debt repayment risk, for prudence, the management of the company believes that there is a significant risk of decline in the fair value of the two investments.
2. Accounts receivable
The commercial acceptance bills of the real estate customers were overdue in many cases during the reporting period. As of December 31, 2021, the company still holds notes receivable and accounts receivable of the real estate customers totaling 128 million yuan. Although the company has been actively negotiating and seeking solutions, in view of the current actual situation, the management of the company has analyzed and evaluated the recoverability of receivables from customers of the real estate as of December 31, 2021, and believes that there are obvious signs of impairment.
3. Real estate to offset some notes receivable
As of December 31, 2021, the company still has 26.7821 million yuan of the real estate customer's mortgaged real estate, and the online signature has not been handled. There is a certain delivery risk for the properties that have not been signed online. Based on the consideration of prudence, the management of the company believes that part of the properties that have not been signed online need to withdraw some asset impairment reserves.
4、 Risk tips
The performance forecast is calculated by the company based on the current debt default and risk of the company's real estate customers. If the 2021 annual report discloses that the debt repayment of the company's real estate customers changes, the accuracy of the performance forecast will be affected. The company has communicated with the annual audit accountant on this matter.
In the later stage, the company does not rule out safeguarding the legitimate rights and interests of the company and the majority of investors through property preservation, legal proceedings and other means. Please pay attention to investment risks.
5、 Other relevant instructions
This performance forecast is the preliminary calculation result of the company's financial department and has not been audited by the audit institution. The specific financial data shall be subject to the 2021 annual report subsequently disclosed by the company. Please make careful decisions and pay attention to investment risks.
It is hereby announced. Zhejiang Youpon Integrated Ceiling Co.Ltd(002718) board of directors
January 29, 2022
