Securities code: 600322 securities abbreviation: Tianjin Realty Development (Group) Co.Ltd(600322) Announcement No.: 2022-003 Tianjin real estate development (Group) Co., Ltd
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. According to the preliminary calculation of the financial department of Tianjin real estate development (Group) Co., Ltd. (hereinafter referred to as “the company”), the net profit attributable to the shareholders of the listed company is expected to be about -1.65 billion yuan in 2021.
2. After deducting non recurring gains and losses, it is estimated that the net profit attributable to shareholders of Listed Companies in 2021 will be about -1.602 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, the net profit attributable to the shareholders of the listed company in 2021 is expected to be a loss compared with the same period of the previous year, and the net profit attributable to the shareholders of the listed company is about – 1.65 billion yuan.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is about -1.602 billion yuan. (III) 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: – 2517229000 yuan.
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 2510329400 yuan.
(II) earnings per share: – 2.2766 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) during the reporting period, the supervision of the financial sector continued to be strengthened, the illegal inflow of funds into the real estate market was strictly investigated, and the credit environment was tightened. The market and financial environment faced by the company is relatively severe, resulting in the commencement and construction of some projects, especially the sales situation is lower than expected, resulting in the year-on-year decline of project settlement income and profit during the reporting period.
(II) in 2021, the sales price of some items of the company was lower than expected, and the inventory cost increased. Based on the principle of prudence, the company plans to accrue inventory falling price reserves for some projects such as Suzhou Meiyu Huating, Meiyu Lanting and yudongyuan (plots A1 and A2 of Jinbin Avenue). The impact of the proposed amount on the net profit attributable to the shareholders of the listed company is about – 1.6 billion yuan.
4、 Risk disclosure
The company’s financial final accounts and audit work in 2021 have not been completely completed, and the certified public accountant has not issued a special explanation on whether the company’s performance forecast for this period is appropriate and prudent. The company conducts preliminary accounting based on its own judgment and does not rule out the possibility of certain adjustment of performance data.
5、 Other explanatory matters
The above forecast data is only the preliminary accounting data of the company. The specific and accurate financial data shall be subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
6、 Filing documents
(I) statement of the board of directors on the performance forecast of the current period
(II) statement of the chairman of the board, the head of the budget and audit committee, the general manager, the head of Finance and the Secretary of the board of directors on the performance forecast of the current period
It is hereby announced.
Board of directors of Tianjin real estate development (Group) Co., Ltd
January 29, 2022
