Securities code: 600545 securities abbreviation: Saurer Intelligent Technology Co.Ltd(600545) Announcement No.: pro 2022-001
Saurer Intelligent Technology Co.Ltd(600545)
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. According to preliminary calculation, the net profit attributable to the shareholders of the listed company in 2021 is expected to be – 280 million yuan to – 140 million yuan.
2. The amount affected by non recurring profit and loss events is about 180 million yuan. In 2021, the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is expected to be – 460 million yuan to – 320 million yuan.
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, it is expected that the net profit attributable to the shareholders of the listed company in 2021 will be a loss compared with the same period of the previous year (legally disclosed data), and the net profit attributable to the shareholders of the listed company will be – 280 million yuan to – 140 million yuan.
2. The amount affected by non recurring profit and loss events is about 180 million yuan. In 2021, the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is expected to be – 460 million yuan to – 320 million yuan.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of listed companies: – 560 million yuan
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 490 million yuan
(II) earnings per share: – 0.3043 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) covid-19 pneumonia epidemic and macroeconomic environmental impact
In recent years, the unstable global economic environment, repeated trade frictions and repeated covid-19 epidemic outside China have greatly affected the textile machinery industry. In 2021, although the industry has shown a trend of gradual recovery, it has not yet returned to the pre epidemic level. In addition, the rising price of raw materials and the rising cost of logistics and transportation have put great pressure on the company’s operating costs. The above comprehensive results in the company’s expected loss in 2021.
(II) impact of non operating profit and loss
In 2021, the revenue attributable to listed companies generated by the company’s business restructuring was about 400 million yuan. In 2021, the company plans to sell three products, including automatic winder, TEMCo special bearing and Accotex rubber parts, as well as related businesses, assets and technologies (hereinafter collectively referred to as “subject assets”) to Rieter Holding AG (hereinafter referred to as “Lida holding”), with the subject assets valued at 300 million euros (about 2.34 billion yuan). Considering the wide scope of the underlying assets and the large workload of business delivery, the company adopted the method of step-by-step delivery to complete the overall delivery as soon as possible. In 2021, the company recognized the corresponding restructuring income for some delivered businesses.
In 2021, the loss from changes in fair value attributable to listed companies arising from the disposal group held by the company to be sold was about 120 million yuan. In 2021, the company plans to sell the embroidery business that has been in a state of loss for a long time. On December 20, 2021, the sale plan was deliberated by the general meeting of shareholders. At present, the company is continuously promoting the sale of embroidery business. According to the current progress, it is more likely to be sold. Therefore, the company plans to list it as a disposal group held for sale at the end of 2021 and measure it at fair value. According to the company’s best estimate of the sale price, the disposal group is expected to generate a loss of 120 million yuan from changes in fair value attributable to the listed company.
In 2021, in order to improve the use efficiency of assets, increase the level of operating cash flow and improve the future profitability, the company continued to seek restructuring plans, including the sale of loss making businesses. Among them, the total cost attributable to the listed company for the project was about 100 million yuan, which was less related to the normal business.
The total income attributable to the listed company from the above three non recurring events is about 180 million yuan. The company plans to list them as non recurring profit and loss items.
4、 Risk tips
(I) the expected performance of the company has not been audited by certified public accountants, and there may be a certain gap between the actual disclosure data. Based on the principle of prudence, the financial department of the company completes the performance prediction according to its own professional judgment, and the specific performance needs to be determined by the certified public accountant.
(II) in this performance forecast, the company calculates the bad debt provision of accounts receivable based on the reasonable judgment of the current default probability of customers. If the solvency of customers changes before the disclosure of 2021 annual report, the accuracy of this performance forecast will be affected.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Saurer Intelligent Technology Co.Ltd(600545) board of directors January 29, 2022
