600326: Tibet Tianlu Co.Ltd(600326) announcement of annual performance reduction in 2021

Securities abbreviation: Tibet Tianlu Co.Ltd(600326) securities code: 600326 Announcement No.: Lin 2022-08 bond abbreviation: Tianlu convertible bond bond Code: 110060

Tibet Tianlu Co.Ltd(600326)

Announcement of annual performance reduction 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 to realize the net profit attributable to the shareholders of the listed company in 2021 from 33.5 million yuan to 50.25 million yuan, which is expected to decrease by 386.5262 million yuan to 403.2762 million yuan, a year-on-year decrease of 88.50% to 92.33%.

2. The company estimates that the net profit after deducting non recurring profits and losses attributable to shareholders of Listed Companies in 2021 will be 26.3 million yuan to 43.05 million yuan, with an estimated decrease of 377.0767 million yuan to 393.8267 million yuan, a year-on-year decrease of 89.75% to 93.74%.

1、 Expected performance of the current period

(I) performance forecast period

January 1 – 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 33.5 million yuan to 50.25 million yuan, a decrease of 386.5262 million yuan to 403.2762 million yuan compared with the same period of the previous year, a year-on-year decrease of 88.50% to 92.33%.

2. After deducting non recurring gains and losses, the company expects the net profit after deducting non recurring gains and losses attributable to shareholders of Listed Companies in 2021 to be 26.3 million yuan to 43.05 million yuan, a decrease of 377.0767 million yuan to 393.8267 million yuan compared with the same period of last year, a year-on-year decrease of 89.75% to 93.74%.

(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 the listed company: 436776200 yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 420.1267 million yuan.

(II) earnings per share: 0.49 yuan.

3、 Main reasons for performance reduction in the current period

During the reporting period, the net profit attributable to the shareholders of listed companies decreased compared with the same period of last year, mainly due to the production of new cement production line in Tibet, the increase of cement supply in Tibet, the decrease of demand, the decrease of cement price compared with the same period of last year, and the slow construction progress of key projects in Tibet Autonomous Region, resulting in the decrease of profits in the building materials sector.

4、 Risk tips

This performance is expected to be the preliminary accounting conducted by the company’s financial department based on its own professional judgment, which has not been audited by certified public accountants. The company has no major uncertain factors affecting the accuracy of this performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data, and the specific and accurate financial data shall be subject to the audited annual report of 2021 officially disclosed by the company.

It is hereby explained.

Tibet Tianlu Co.Ltd(600326) board of directors January 29, 2022

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