600715: Cultural Investment Holdings Co.Ltd(600715) announcement of annual performance loss in 2021

Securities code: 600715 securities abbreviation: Cultural Investment Holdings Co.Ltd(600715) No.: 2022-006 Cultural Investment Holdings Co.Ltd(600715)

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:

The company expects to realize the net profit attributable to the shareholders of the listed company from – 500 million yuan to – 420 million yuan in 2021.

The company expects to realize a net profit of – 550 million yuan to – 470 million yuan after deducting non recurring profits and losses attributable to shareholders of Listed Companies in 2021.

According to the preliminary calculation of the evaluation agency hired by the company, the company expects to withdraw the goodwill impairment loss of 25 million yuan to 35 million yuan in 2021, which is subject to the audited annual report of 2021 officially disclosed by the company.

1、 Performance loss in advance in the current period

(I) performance forecast period

From January 1, 2021 to December 31, 2021.

(II) performance loss in advance

1. According to the preliminary calculation of the financial department of Cultural Investment Holdings Co.Ltd(600715) (hereinafter referred to as “the company”), the company is expected to realize the net profit attributable to the shareholders of the listed company in 2021, which will be at a loss compared with the same period of the previous year (statutory disclosure data), and realize the net profit attributable to the shareholders of the listed company from – 500 million yuan to – 420 million yuan.

2. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 550 million yuan to – 470 million yuan.

(III) the pre loss announcement data of this performance has not been audited by an accounting firm.

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of listed companies: – 3.463 billion yuan.

Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 3.413 billion yuan

(II) earnings per share: – 1.87 yuan.

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

In 2021, the company’s operating revenue increased significantly compared with that in 2020 and realized loss reduction, but the revenue of the company’s main sectors has not yet returned to the level before the epidemic. During the reporting period, the cinema business was subject to epidemic control, repeated local epidemics, lack of high-quality blockbusters, reduced consumption of selling products and other factors, and the operating income decreased significantly compared with that before the epidemic. Due to the impact of policies such as holding large-scale events and epidemic isolation, the company’s “culture +” businesses such as cultural brokerage business and cultural industry development and operation services have made slow progress, and the relevant business income is lower than expected.

The overall performance of the company is lower than expected, resulting in the impairment of goodwill and other long-term assets to a certain extent. The impairment loss of goodwill is expected to be 25 million yuan to 35 million yuan.

4、 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 2021 annual report officially disclosed by the company.

It is hereby announced.

Cultural Investment Holdings Co.Ltd(600715) board of directors January 29, 2022

- Advertisment -