Securities code: 603603 securities abbreviation: Poten Environment Group Co.Ltd(603603) Announcement No.: pro 2022-009 bond Code: 150049 bond abbreviation: 17 Botian 01
Poten Environment Group Co.Ltd(603603)
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 company’s financial department, the net profit attributable to the shareholders of the listed company is expected to be – 1209 million yuan to – 1512 million yuan in 2021.
2. According to the preliminary calculation of the company’s financial department, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is expected to be – 1207 million yuan to – 1510 million yuan in 2021.
3. According to the preliminary calculation of the company’s financial department, the net assets attributable to the shareholders of the listed company by the end of 2021 are expected to be -681013700 yuan to -984013700 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, it is expected that the net profit attributable to the shareholders of the listed company in 2021 will be a loss compared with the same period of the previous year (legally disclosed data), and the net profit attributable to the shareholders of the listed company will be – 1209 million yuan to – 1512 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 – 1207 million yuan to – 1510 million yuan.
3. It is estimated that the net assets attributable to the shareholders of the listed company at the end of 2021 will be -681013700 yuan to -984013700 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) the net profit attributable to the shareholders of the listed company in the same period of last year was -428271700 yuan. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was -451227300 yuan. The net assets attributable to the shareholders of the listed company are 527.9863 million yuan.
(II) earnings per share is -1.03 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) impact of operating income
In 2021, affected by covid-19 epidemic and financing environment, the number of new external orders of the company decreased year by year; Also affected by this, the company suspended or delayed the commencement of some of its original projects, slowed down the project progress and prolonged the construction period, resulting in a decline in operating revenue and gross profit margin. The company’s operating revenue in 2021 decreased by about 30% compared with the same period of last year.
(II) impact of bad debt provision
In 2021, due to the covid-19 epidemic, economic downturn and other external comprehensive factors, the collection of accounts receivable of the company’s customers slowed down. In accordance with the relevant provisions of the accounting standards and the company’s accounting policies, the company accrued the credit impairment loss of various accounts receivable of about 219 million yuan.
(III) impact of provision for impairment loss
In 2021, according to the requirements of accounting standards and the internal control system of listed companies, the company conducted impairment test on various assets, and the impairment loss of various assets was about 539 million yuan after preliminary calculation. Among them, due to the shortage of liquidity funds and the decline of financing capacity of the company, the provision for impairment of construction in progress is about 485 million yuan; The provision for impairment of intangible assets is about 52.4 million yuan due to changes in the project operation environment and the decline of expected rate of return.
(IV) impact of financial expenses
Due to the rise of financing costs, large penalty interest caused by overdue loans, and the fact that some construction projects enter the operation period, the loan interest is included in the financial expenses, the financial expenses of the company in 2021 are about 303 million yuan, an increase of about 46% over the same period of last year; At present, the financing cost of the company is relatively high, which is about 1.50 times that of LPR in the current market.
4、 Risk tips
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.
Poten Environment Group Co.Ltd(603603) board of directors January 28, 2022
