Securities code: 600547 securities abbreviation: Shandong Gold Mining Co.Ltd(600547) No.: pro 2022-002 Shandong Gold Mining Co.Ltd(600547)
Announcement of annual performance loss in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or major omissions in the announcement.
Important content tips:
● Shandong Gold Mining Co.Ltd(600547) (hereinafter referred to as “the company”) is expected to make a profit in 2021. The net profit attributable to shareholders of listed companies is expected to be between – 190 million yuan and – 285 million yuan, a decrease of 2.236 billion yuan to 2.331 billion yuan compared with the same period of last year (after retroactive adjustment), a year-on-year decrease of 109% to 114%.
● after deducting non recurring gains and losses, the company’s net profit attributable to shareholders of Listed Companies in 2021 is expected to be between – 510 million yuan and – 650 million yuan, a decrease of 2.866 billion yuan to 3.006 billion yuan compared with the same period of last year (after retroactive adjustment), a year-on-year decrease of 121% to 128%.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. After preliminary calculation, the total profit of the company in 2021 is expected to be profitable. The net profit attributable to the shareholders of the listed company is expected to be between – 190 million yuan and – 285 million yuan, a decrease of 2.236 billion yuan to 2.331 billion yuan compared with the same period of the previous year (after retroactive adjustment), a year-on-year decrease of 109% to 114%.
2. After deducting non recurring gains and losses, the company’s net profit attributable to shareholders of Listed Companies in 2021 is expected to be between – 510 million yuan and – 650 million yuan, a decrease of 2.866 billion yuan to 3.006 billion yuan compared with the same period of last year (after retroactive adjustment), a year-on-year decrease of 121% to 128%.
(III) the expected performance has not been audited by certified public accountants
2、 Performance in the same period of last year
(I) in this phase, the company’s holding subsidiary Shandong Gold Mining Co.Ltd(600547) mining (Laizhou) Co., Ltd. acquired 100% equity of Shandong Laizhou Ludi Gold Mine Co., Ltd., Shandong Tiancheng Mining Co., Ltd., Shandong geology and mining Laijin Holding Co., Ltd. and 45% equity of Laizhou Hongsheng Mining Investment Co., Ltd. held by Shandong Gold Mining Co.Ltd(600547) Group Co., Ltd., forming a business merger under the same control, After retroactive adjustment, the net profit attributable to shareholders of Listed Companies in 2020 was 2.046 billion yuan; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 2.356 billion yuan.
(II) earnings per share: 0.47 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) main business impact
The company’s mines in Shandong Province have carried out safety inspection since early February 2021, which has greatly affected the production capacity and reduced the company’s profits.
In the face of the above situation, the company strengthened the guidance of strategic planning, established a special class for key work, fully promoted the resumption of work and production, comprehensively strengthened lean management, accelerated the integration of resources, paid strict attention to safety and environmental protection, and efficiently promoted reform and innovation, with remarkable results. Since the second half of 2021, the gold output of the company’s mines has gradually increased. The total gold output from November to December exceeded that of the company in the same period of 2020. Due to the impact of production reduction in the first half of 2021, the company’s annual gold production in 2021 decreased by about 35% year-on-year.
The company made a profit for the current month from August 2021. In the third quarter, the total profit was 293 million yuan and the net profit attributable to the shareholders of the listed company was 109 million yuan, In the first three quarters of 2021, the net profit attributable to the shareholders of the listed company was -1.254 billion yuan (the data came from the third quarter report of 2021 disclosed by the company, without considering the impact of the retroactive adjustment of business combinations under the same control). In the fourth quarter, the company’s production and operation situation showed a continuous upward trend, with remarkable results. Although the single quarter profit of the fourth quarter increased significantly, and the total profit of the company in 2021 is expected to be profitable, due to the impact of the loss range in the first half of 2021, the net profit attributable to the shareholders of the listed company in 2021 is still expected to suffer a loss.
(II) non recurring profit and loss
After retroactive adjustment, the amount of non recurring loss of the company in the previous period was 310 million yuan, mainly due to the net loss of 211 million yuan of subsidiaries in 2020 caused by business merger under the same control. The amount of non recurring income in the current period is about 320 million yuan, which is mainly due to the non current asset disposal income of 510 million yuan generated by the company’s transfer of building 3, Shuntai Plaza, 2000 Shunhua Road, Jinan and the transfer of 100% equity of Shanghai Shengju Asset Management Co., Ltd. by its wholly-owned subsidiary Shanjin financial holding Capital Management Co., Ltd, The current net loss of subsidiaries arising from business combination under the same control from the beginning of the period to the merger date is 127 million yuan.
4、 Risk tips
The company has no major uncertainties 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 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Shandong Gold Mining Co.Ltd(600547) board of directors January 28, 2022
