Securities code: 600759 securities abbreviation: Geo-Jade Petroleum Corporation(600759) Announcement No.: 2022-002 Geo-Jade Petroleum Corporation(600759) announcement of advance loss of annual performance 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’s annual performance in 2021 is expected to have a loss of 75 million yuan to 98 million yuan.
2. The company’s performance loss is mainly due to the following non recurring profit and loss events:
Amount affected by non recurring profit and loss items (10000 yuan)
Litigation compensation – estimated guarantee – 41500
Changes in fair value of investment real estate – 18000
Changes in fair value of other non current financial assets – 35000
Total – 94500
3. After deducting the non recurring profits and losses listed in Article 2 above, the company expects the net profit attributable to the shareholders of the listed company to be 80 million yuan to 95 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 – 75 million yuan to – 98 million yuan.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is 80 million yuan to 95 million yuan.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 174784500 yuan.
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 289747900 yuan.
(II) earnings per share: 0.0772 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) main business impact
The company’s main business is the production and sales of crude oil. Under the condition that the oil price in 2021 rises sharply and continues to improve compared with that in 2020, the company’s main holding company maten Petroleum Co., Ltd. is expected to realize a sales revenue of about 2383 million yuan in 2021, an increase of about 50% compared with the same period of last year. It is expected to realize a net profit of about 547 million yuan after deducting non recurring profits and losses, Compared with the same period last year, it increased by about 900%.
At the level of annual consolidated statements in 2021, the company is expected to realize an operating revenue of about 2437 million yuan, an increase of about 50% compared with the same period of last year. After deducting the above non recurring profit and loss events and the company’s financial expenses and management expenses, the company expects the net profit attributable to the shareholders of the listed company to be 80 million yuan to 95 million yuan, which is profitable compared with the loss after deducting non recurring losses in 2020.
(II) impact of non operating profit and loss
The company’s performance loss in advance in the current period is mainly due to the company’s provision of estimated guarantee losses in accordance with accounting policies, the impact of changes in the fair value of investment real estate due to the long-term continuous impact of the epidemic, and the impact of changes in the fair value of other non current financial assets. The details are as follows:
Amount affected by non recurring profit and loss items (10000 yuan)
Litigation compensation – estimated guarantee – 41500
Changes in fair value of investment real estate – 18000
Changes in fair value of other non current financial assets – 35000
Total – 94500
4、 Risk tips
Based on the company’s financial department’s professional judgment and preliminary communication with the annual audit accountant, the company has no major uncertain factors 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.
Geo-Jade Petroleum Corporation(600759) board of directors January 28, 2022
