Shenzhen Esun Display Co.Ltd(002751) : performance forecast for 2021

Securities code: 002751 securities abbreviation: Shenzhen Esun Display Co.Ltd(002751) Announcement No.: 2022-010 Shenzhen Esun Display Co.Ltd(002751)

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: January 1, 2021 to December 31, 2021

2. Expected performance: the expected net profit is negative

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

Loss attributable to listed companies: 380 million yuan – 480 million yuan; Profit: 53.1033 million yuan; net profit of shareholders

Net profit after deducting non recurring loss: 300 million yuan – 40 million yuan profit: 23.4959 million yuan profit

Basic earnings per share loss: 2.46 yuan / share – 3.11 yuan / share earnings: 0.35 yuan / share

2、 Performance forecast and pre audit

The relevant data of this performance forecast is the preliminary calculation result of the company's financial department and has not been audited by an accounting firm. The company and the accounting firm have conducted pre communication on matters related to the performance forecast, and there is no major difference between the two sides. The specific data shall be subject to the audit results.

3、 Explanation of performance change reasons

1. The appraisal impairment of Yishang creative technology building held by Shenzhen Yishang Digital Technology Development Co., Ltd., the holding subsidiary of the company, is about 256 million yuan, resulting in the loss of changes in the fair value of investment real estate. The loss is a non recurring profit and loss, affecting the net profit attributable to the shareholders of the listed company by about 100 million yuan.

2. During the reporting period, due to the impact of point outbreaks in various regions, some projects of the company's display business were delayed and interrupted. Due to the adjustment of industrial restriction policies and the upgrading of market products, the company handled the discount sales of goods prepared, and the provision for inventory falling price was increased compared with last year; During the reporting period, the cost of materials, freight and manpower increased, resulting in a decrease in the company's gross profit margin compared with the same period last year; The collection cycle of some customers is too long. Combined with the current economic situation and market environment, the company's provision for bad debts is higher than that of last year; The company increased its R & D investment in three-dimensional digitization (3D), augmented reality (AR), virtual reality (VR), holographic display, artificial intelligence (AI) and other businesses, and the R & D expenses increased.

3. It is estimated that the impact of non recurring profits and losses on the company's net profit in the reporting period is about 80 million yuan, including the loss from changes in the fair value of investment real estate of about 100 million yuan, and the investment income and government subsidy income from the disposal of Huizhou subsidiary of about 20 million yuan.

4、 Other relevant instructions

This performance forecast is only the preliminary calculation result of the company's financial department. It has not been audited by the audit institution. The specific financial data are subject to the data disclosed in the company's annual report in 2021. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Shenzhen Esun Display Co.Ltd(002751) board of directors January 28, 2022

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