Dongguan Chitwing Technology Co.Ltd(002855) : performance forecast for 2021

Securities code: 002855 securities abbreviation: Dongguan Chitwing Technology Co.Ltd(002855) Announcement No.: 2022-003 Dongguan Chitwing Technology Co.Ltd(002855)

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:

From January 1, 2021 to December 31, 2021.

2. Performance forecast: √ loss \uf0a3 turning loss into profit \uf0a3 rising in the same direction \uf0a3 falling in the same direction

The current reporting period of the project is the same period of last year

Loss attributable to shares of listed companies: about 150 million yuan – 22 million yuan; Profit: 102.2487 million yuan

Eastern net profit

After deducting non recurring profit and loss: about 155 million yuan – 225 million yuan; Profit: 88.0672 million yuan

Net profit after

Basic earnings per share loss: 0.61 yuan / share – 0.90 yuan / share earnings: 0.42 yuan / share

The operating income is about 290 million yuan – 310 million yuan, 2822.9379 million yuan

After deduction, the operating income is about 2885 million yuan – 3085 million yuan and 2813064400 yuan

2、 Communication with accounting firms

The financial data related to this performance forecast has not been pre audited by the accounting firm. The company has made pre communication with the audit accounting firm of the annual report on matters related to the performance forecast, and there is no difference between the company and the accounting firm in the performance forecast of the reporting period.

3、 Explanation of performance change reasons

In 2021, the company’s overall production and operation were normal, continued to obtain well-known new and old customer projects in the industry, and the business of smart phone precision structural parts and connectors increased steadily.

(I) reasons for change

During the reporting period, the main reasons for the change of the company’s performance are as follows:

1. Due to the continuous rise of domestic labor costs, the recurrence of overseas epidemics and the requirements of epidemic isolation policies, as well as the shortage of chips and changes in the sales market, the company’s capacity utilization rate decreased, the production cost increased, and the company’s overall labor cost increased significantly compared with the same period of last year;

2. In the fourth quarter of 2021, the indirect tariff cost of Vietnam and India in the overseas sales market that the company needs to bear increased sharply;

3. The overseas epidemic has led to a sharp increase in the global transportation costs of overseas subsidiaries, and the overseas transportation costs have increased significantly compared with the same period of last year;

4. Affected by the price fluctuations in the international bulk commodity market, the prices of aluminum ingots, aluminum profiles, steel and plastic particles have increased significantly, the prices of metal, chemical and other raw materials purchased by the company have increased, and the cost of materials has increased compared with the same period of last year;

5. The R & D investment of strategic products of major customers has increased compared with the same period of last year. The new product line has been preliminarily recognized by customers, but has not yet formed sales;

6. Customers’ lack of core and global sales have led to intensified competition in the structural parts industry, and the overall sales unit price of the company’s products has decreased compared with the same period of last year;

7. Due to the increase of cost, the decrease of product price and the above reasons, the provision for falling price of some inventories increased in the reporting period.

(II) improvement measures

In 2022, the changes in the global market will be more diverse, and the global supply chain, materials, transportation, tariffs, new technology intellectual property rights and the preparation of bulk commodities will be more complex. In this context, the company needs to comprehensively improve its risk response ability and competitiveness:

1. Establish stronger digital management capability, improve the accuracy and flexibility of stock preparation plan in combination with market changes, product production delivery date, product life cycle and transportation timeliness, do a good job in risk control, better respond to global supply chain changes and market fluctuations, and further improve the core competitiveness of the company;

2. In 2022, we will comprehensively promote automation, improve the degree of automatic processing of various processes, save labor costs and optimize the ratio of labor output;

3. Timely adjust the production categories and supply chain management of Vietnam and India in combination with the latest tax policies of Vietnam and India;

4. Accelerate the integration of upstream and downstream core products, actively develop new product series and enhance the company’s comprehensive competitiveness.

4、 Risk tips

Based on the principle of prudence, the company will make provision for impairment of some assets in the 2021 annual report in combination with industry market changes, actual operating conditions and other factors.

At present, the relevant impairment determination is still in progress, and the specific impairment amount is uncertain, which may lead to the risk of difference between the company’s final audit data and the performance forecast data. After preliminary communication with the accounting firm, the amount of impairment provision shall be subject to the data audited by the annual audit accounting firm.

5、 Other relevant instructions

1. This performance forecast is the result of the preliminary calculation of the company’s financial department. The specific financial data shall be subject to the 2021 annual report disclosed by the company.

2. The information disclosure media designated by the company are China Securities Journal, securities times and http://www.cn.info.com.cn. The company will make timely information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to investment risks and invest rationally.

It is hereby announced

Dongguan Chitwing Technology Co.Ltd(002855) board of directors

January 29, 2022

- Advertisment -