Securities code: 600121 securities abbreviation: Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) Announcement No.: pro 2022-003 Zhengzhou Coal Industry & Electric Power Co.Ltd(600121)
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 in 2021 from – 190 million yuan to – 220 million yuan.
● the main reasons for the company’s performance loss in advance this time: first, the sharp decline of the company’s raw coal output caused by regional policy shutdown and rainstorm disasters, reducing the current income by 973 million yuan; Second, Chaohua Coal Mine has been shut down for a long time due to floods, resulting in 171 million yuan of rescue and production resumption costs.
● after deducting non recurring profits and losses, the company expects to realize a net profit attributable to the listed company of about – 70 million yuan to – 100 million yuan in 2021.
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, Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) (hereinafter referred to as “the company”) is expected to realize a net profit attributable to the shareholders of the listed company of – 190 million yuan to – 220 million yuan in 2021, which will reduce the loss of 754 million yuan to 724 million yuan compared with the same period of last year; 2. After deducting non recurring profits and losses, it is estimated that the net profit attributable to shareholders of Listed Companies in 2021 will be about – 70 million yuan to – 100 million yuan, which will reduce the loss by 922 million yuan to 892 million yuan compared with the same period of last year.
(III) the performance forecast data has not been audited by certified public accountants.
2、 Performance in the same period of last year (January December 2020)
(I) net profit attributable to shareholders of listed companies: – 944 million yuan;
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 992 million yuan. (II) earnings per share: – 0.77 yuan.
3、 Main reasons for performance loss in advance in the current period
During the reporting period, the company’s performance pre loss was mainly caused by regional policies and the “July 20” severe rainstorm disaster in Zhengzhou (see the company’s Announcement No. 2021-020, 024, 027, 028, 035 and 037 for details). The details are as follows:
(I) main business impact. From June to November 2021, affected by regional policy shutdown, “July 20” Zhengzhou rainstorm disaster, safety inspection and other factors, the company’s six pairs of production mines all stopped production to varying degrees (including 160 days of shutdown in Chaohua Coal Mine, 79 days in Lugou coal mine, 54 days in Baiping Coal Industry, 67 days in Gaocheng coal mine, 50 days in No. 2 teaching coal mine and 31 days in Xinzheng coal power), As a result, the raw coal output decreased by about 1.5 million tons compared with the plan, the company’s revenue decreased by about 973 million yuan and the current profit decreased by about 386 million yuan.
(II) impact of non recurring profit and loss. It is mainly the loss of rainstorm disaster. Chaohua Coal Mine was shut down due to flood, resulting in 88 million yuan of rescue and production resumption expenses, 73 million yuan of shutdown loss, 9.75 million yuan of impairment of damaged equipment, and 171 million yuan of current profit decreased accordingly.
(III) other impacts. During the reporting period, the company recovered the arrears of shareholders in previous years and offset the impairment provision of RMB 227 million.
4、 Risk tips
The company has made preliminary communication with the annual audit accountant on the above influencing factors, and the specific impact data shall be subject to the data audited by the annual audit accountant.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the 2021 annual report officially disclosed by the company. Please pay attention to the investment risks. It is hereby announced.
Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) board of directors
January 28, 2022
