Securities code: 603789 securities abbreviation: Thinker Agricultural Machinery Co.Ltd(603789) Announcement No.: 2022-002 Thinker Agricultural Machinery Co.Ltd(603789)
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. The company expects the net profit attributable to the shareholders of the listed company to be – 210 million yuan to – 160 million yuan in 2021. 2. The company expects the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses to be – 220 million yuan to – 170 million yuan in 2021.
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 will suffer a loss in 2021, and the net profit attributable to the shareholders of the listed company will be – 210 million yuan to – 160 million yuan.
2. It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses in 2021 will be – 220 million yuan to – 170 million yuan.
(III) the performance forecast of this period has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of Listed Companies in 2020: – 277471000 yuan.
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 290998400 yuan.
(II) earnings per share: – 1.0672 yuan.
3、 Main reasons for performance loss in advance in the current period
During the reporting period, although the company’s operating revenue increased compared with last year, due to the rise of raw materials, fixed cost expenditure and other factors, the gross profit margin of products was low and the main business suffered losses. The main reasons are as follows:
1. The company’s main raw materials are all kinds of steel. Due to the sharp rise and continuous fluctuation of steel prices in 2021, the cost of product materials has increased and the gross profit margin of products has further decreased, which has a great impact on the company’s profitability.
2. The depreciation and amortization of the company’s fixed assets, labor costs and other fixed costs are apportioned greatly, resulting in the company’s low operating profit.
3. In order to cope with the fierce market competition, improve user satisfaction and market share, the company carried out large-scale market maintenance and development this year, resulting in a significant increase in the company’s after-sales service and other sales expenses.
4. The company has withdrawn bad debt reserves in accordance with the relevant provisions of accounting standards and accounting policies, which is expected to affect the net profit of about – 70 million yuan.
4、 Risk tips
The company’s performance forecast has not been audited by certified public accountants, and the certified public accountants have not issued special instructions on whether the company’s performance loss forecast for this period is appropriate and prudent. Based on the principle of prudence, the financial department of the company completes the performance prediction according to its own professional judgment, and the specific performance needs to be determined by the certified public accountant. The company has not found any major uncertain factors affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Thinker Agricultural Machinery Co.Ltd(603789) board of directors
January 29, 2022
