Securities code: 601686 securities abbreviation: Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) Announcement No.: 2022-013 Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686)
Announcement of performance reduction 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. Compared with the same period of last year (statutory disclosure data), the net profit attributable to the shareholders of the listed company will be reduced by 51.15194 million yuan to 58.15194 million yuan, a year-on-year decrease of 44.74% to 50.87%.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will decrease by 517.8908 million yuan to 587.8908 million yuan compared with the same period of last year (legally disclosed data), a year-on-year decrease of 44.62% to 50.65%.
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 561.71 million yuan to 631.71 million yuan, a decrease of 511.5194 million yuan to 581.5194 million yuan, a year-on-year decrease of 44.74% to 50.87% compared with the same period of the previous year (statutory disclosure data).
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is 572.87 million yuan to 642.87 million yuan, which will decrease by 517.8908 million yuan to 587.8908 million yuan compared with the same period of last year (statutory disclosure data), a year-on-year decrease of 44.62% to 50.65%.
3. The performance forecast of this period has not been audited by certified public accountants.
2、 Performance in the same period of 2020
(I) net profit attributable to shareholders of the listed company: 1143229400 yuan; Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 1160760800 yuan
(II) earnings per share: 0.89 yuan.
3、 Main reasons for performance reduction in the current period
1. The price of the company’s main raw material strip steel rose sharply in 2021, the downstream demand of the company’s products was restrained, and the gross profit margin of the company’s products decreased significantly compared with 2020;
2. In 2020, affected by covid-19 epidemic, the supply and demand of welded steel pipe industry was unbalanced, the gross profit margin of the company’s products increased significantly, and the performance increased significantly in 2020, resulting in a large performance base in 2020 compared with 2021;
3. Some production lines of Jiangsu Youfa steel pipe and Tangshan Youfa new building materials, the newly-built subsidiaries of the company, were put into operation in 2021. Due to the fact that they have not reached the production capacity and are developing the market, the cost is relatively high, and the total loss of operating performance is about 218 million (Unaudited number of monomer).
4、 Risk tips
The company has no uncertain factors affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data are the preliminary accounting data of the company’s financial department, and the final data is subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) board of directors January 28, 2022
