Securities code: 600117 securities abbreviation: Xining Special Steel Co.Ltd(600117) No.: pro 2022-007 Xining Special Steel Co.Ltd(600117)
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:
Xining Special Steel Co.Ltd(600117) (hereinafter referred to as “the company”) will suffer losses in 2021, and the net profit attributable to the shareholders of the listed company is expected to be about – 470 million yuan.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
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 expected to be about – 470 million yuan.
(III) this performance forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 59.1371 million yuan.
(II) earnings per share: 0.06 yuan.
3、 Main reasons for performance loss in advance in the current period
1. In 2021, the steel market fluctuated sharply, the price of raw materials continued to rise, and the price of raw materials was much higher than that of products. Affected by the weakening demand of major industries such as automobile and machinery, the sales volume decreased year-on-year, and the profit of the company decreased significantly due to the price scissors difference;
2. The real estate sector of the company is in the development and construction period and has no completed projects. It mainly focuses on the last sale, and the sales area decreases year-on-year;
3. The debt ratio of the company is high, and the financial cost has always been at a high level, which has a great impact on the economic benefits of the company;
4. The government subsidy confirmed in this period is lower than that in the same period.
Due to the above main reasons, the company’s operating performance fell sharply in 2021.
4、 Risk tips
Qinghai Jiangcang Energy Development Co., Ltd., a 35% owned subsidiary of the company, is currently carrying out various works of Jiangcang No. 3 and No. 4 well fields according to the provisions of relevant documents of Qinghai Provincial People’s government. In the future, mining rights and other assets will be disposed according to the opinions of the government, which is uncertain. 5、 Other explanatory matters
The above forecast data are only preliminary calculation data. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Xining Special Steel Co.Ltd(600117) board of directors January 28, 2022
