600686: Xiamen King Long Motor Group Co.Ltd(600686) 2021 annual performance pre loss announcement

Securities code: 600686 securities abbreviation: Xiamen King Long Motor Group Co.Ltd(600686) No.: pro 2022-004

Xiamen King Long Motor Group Co.Ltd(600686)

Announcement of 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 expected loss of the company’s performance is about 590 million yuan.

2. After deducting non recurring gains and losses, the company’s performance is expected to lose about 730 million 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 – 590 million yuan.

2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is about – 730 million yuan. 2、 Performance in the same period of last year

(I) net profit attributable to shareholders of the listed company: 31.9004 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 172.8097 million yuan.

(II) earnings per share: – 0.02 yuan.

3、 Main reasons for performance loss in advance in the current period

During the reporting period, the company’s comprehensive gross profit margin decreased compared with the same period of last year. Affected by the epidemic, the demand of the bus industry in foreign markets decreased and the market competition was fierce. At the same time, it was affected by the changes of the company’s bus product structure, the appreciation of RMB, the rise of raw material prices and other factors.

4、 Risk tips

At present, the ending fair value of other non current financial assets of the company is only a preliminary measurement, and will be further confirmed according to the evaluation report issued by the evaluation institution. In addition, the company has no major uncertainties 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.

Xiamen King Long Motor Group Co.Ltd(600686) board of directors January 29, 2022

- Advertisment -