Securities code: 002766 securities abbreviation: * ST soling Announcement No.: 2022-014
Shenzhen Soling Industrial Co.Ltd(002766)
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:
The current reporting period of the project is the same period of last year
Net loss attributable to shareholders of listed companies: 675 million yuan – 450 million yuan loss: 1305.322 million yuan profit
Net loss after deducting non recurring profit and loss: 1475 million yuan – 1250 million yuan loss: 1322963200 yuan profit
Loss of basic earnings per share: 1.60 yuan / share – 1.07 yuan / share loss: 1.55 yuan / share
Operating income: 70 million yuan – 800 million yuan 1026.4509 million yuan
After deduction, the operating income is 680 million yuan – 780 million yuan and 1024.573 million yuan
The end of the current fiscal year and the end of the previous year
RMB 645 million – 865 million – 762.7341 million attributable to shareholders of listed companies
Owner’s rights and interests
Note: the company’s capital reserve was converted into share capital in 2021, resulting in the change of total share capital, so it is calculated according to the adjusted share capital
Recalculated the “basic earnings per share” of the same period last year.
2、 Communication with accounting firms
The performance forecast of the company has not been pre audited by an accounting firm.
3、 Explanation of performance change reasons
Compared with last year, the company’s net profit loss attributable to shareholders of listed companies has decreased significantly, and the owner’s equity attributable to shareholders of listed companies has changed from negative to positive, mainly due to the following reasons:
1. The Shenzhen Soling Industrial Co.Ltd(002766) reorganization plan (hereinafter referred to as the “reorganization plan”) was approved by the Shenzhen intermediate people’s court. According to the reorganization plan, the company implemented the conversion of capital reserve into shares
This is used to introduce restructuring investors and pay off debts with shares to creditors. As of December 31, 2021, the restructuring investment of 441 million yuan of all investors has been paid, and the conversion of capital reserve into share capital has been completed. Shenzhen intermediate people’s court has ruled to confirm the completion of the implementation of the reorganization plan, terminate the reorganization procedure of soling shares, and the major uncertainties related to the reorganization have been eliminated. Therefore, the company is expected to recognize the debt restructuring income of 1.1 billion and the net assets of the company are expected to increase by about 3.2 billion.
2. Affected by the turbulence of raw material market, the prices of core raw material chips, screens and boards have increased greatly. The company meets the shipment needs of some projects by purchasing spot goods, resulting in an increase in costs and a serious decline in gross profit margin; At the same time, affected by the demand of foreign markets, the company’s revenue is expected to decline by 20% – 30% compared with last year. The above causes the company’s operating results to be not optimistic.
3. The company’s net profit in 2021 was about 320 million yuan due to the provision for impairment of accounts receivable and fixed assets and the derecognition of deferred income tax assets. For details, see the announcement on withdrawing impairment losses, writing off receivables and derecognition of some deferred income tax assets (Announcement No.: 2022-003) disclosed by the company on cninfo.com on January 4, 2022.
4. The company conducts impairment test on goodwill and assets formed by business merger and accrues impairment reserves, and accrues estimated liabilities and expenses for estimated investor litigation compensation, reorganization related expenses, etc. The above is expected to reduce the company’s net profit of about 300 million yuan in 2021.
4、 Risk tips
1. The audited net assets of the company in 2020 are negative, and the company has been warned of delisting risk. According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022) (hereinafter referred to as the “Listing Rules”), if the company triggers one of the following financial compulsory delisting indicators in 2021, the listing of the company’s shares will be terminated: (I) the audited net profit is negative and the operating income is less than 100 million yuan, Or after retroactive restatement, the net profit of the latest fiscal year is negative and the operating income is less than 100 million yuan; (II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; (III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions; (IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit; (VI) due to non-compliance with article 9.3.7, the delisting risk warning application was not reviewed and approved by the exchange.
2. At present, the company’s main bank accounts have been frozen. In addition, the net profit after deducting non recurring profits and losses audited to shareholders of listed companies for three consecutive years in 2018, 2019 and 2020 is negative. The company’s 2020 audit report shows that there is significant uncertainty in the company’s sustainable operation ability, and the company’s shares have been subject to other risk warnings.
3. Even if the company implements the reorganization and the implementation is completed, if the subsequent operation and financial indicators of the company do not meet the requirements of relevant regulatory regulations such as the stock listing rules, the company’s shares still have the risk of delisting risk warning or delisting.
5、 Other relevant instructions
This performance forecast is the result of the preliminary calculation of the company’s financial department. The financial data related to the performance forecast has not been audited by certified public accountants. The specific financial data shall be subject to the disclosure of the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.
Shenzhen Soling Industrial Co.Ltd(002766) board of directors
January 29, 2022
