Securities code: 603326 securities abbreviation: Nanjing Olo Home Furnishing Co.Ltd(603326) Announcement No.: 2022-002 Nanjing Olo Home Furnishing Co.Ltd(603326)
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. The company expects that the net profit attributable to the shareholders of the listed company in 2021 will be – 150 million yuan to – 120 million yuan.
2. The company expects that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be – 180 million yuan to – 150 million yuan in 2021.
3. The main reason for this performance loss is that the company has withdrawn about 377 million yuan of credit impairment provision for the receivables of Evergrande real estate group and its member enterprises, China Fortune Land Development Co.Ltd(600340) group and its member enterprises based on the principle of prudence.
1、 Performance forecast of the current period
（1） Performance forecast period
From January 1, 2021 to December 31, 2021.
（2） Performance forecast
1. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company is expected to be – 150 million yuan to – 120 million yuan in 2021.
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 – 180 million yuan to – 150 million yuan.
（3） Communication with accounting firms
The company has fully communicated with the annual audit accounting firm on matters related to the performance forecast of the current period, and there is no difference between the company and the annual audit accounting firm on the performance forecast of the current period.
The performance forecast data of this period has not been audited by certified public accountants.
2、 Performance in the same period of last year
（1） The net profit attributable to the shareholders of the listed company in 2020 was 219553100 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 197739500 yuan.
（2） Earnings per share is 0.69 yuan / share.
3、 Main reasons for performance loss in advance in the current period
The company accrues credit impairment provision for the receivables of Evergrande real estate group and its member enterprises, China Fortune Land Development Co.Ltd(600340) group and its member enterprises. As of December 31, 2021, the company’s receivables from Evergrande real estate group and its member enterprises due to kitchen cabinet storage, supply and installation engineering business were 403.05 million yuan, and the receivables from China Fortune Land Development Co.Ltd(600340) group and its member enterprises were 95.97 million yuan. Based on the principle of prudence, the management of the company analyzed and evaluated the recoverability of the above funds and considered that there were signs of impairment, resulting in an increase of about 377 million yuan in credit impairment loss in the current period compared with the same period of last year.
The covid-19 epidemic broke out in Nanjing Lukou Airport in 2021. The company is located in the key control area of the epidemic, and the logistics transportation is blocked due to the epidemic prevention and control, which has a certain impact on the company’s production and operation. At the same time, the economic situation outside China is complex and severe, the energy supply is tight, the price of raw materials and other factors lead to the rise of production costs, and the superposition of multiple factors leads to the decline of the company’s operating performance compared with the same period of last year.
4、 Risk tips
The performance forecast is based on the current debt default and risk situation of the customer. If the debt repayment situation of the customer changes before the disclosure of the 2021 annual report, the accuracy of the performance forecast will be affected. The company has communicated with the annual auditor on this matter.
5、 Other explanatory matters
（1） Based on the risk assessment of Evergrande real estate group and China Fortune Land Development Co.Ltd(600340) group, the company has significantly reduced its business transactions during the reporting period. At present, there are only a small number of business transactions and have been converted to cash and spot settlement. For the above uncollected amounts, the company will continue to claim rights and interests in various ways to avoid losses to the company.
（2） The performance forecast data is only the preliminary calculation results of the company’s financial department. The specific data of 2021 performance will be disclosed in detail in the 2021 annual report. Please pay attention to the investment risk.
It is hereby announced.
Nanjing Olo Home Furnishing Co.Ltd(603326) board of directors January 29, 2022
