Securities code: 603177 securities abbreviation: Zhejiang Tuna Environmental Science & Technology Co.Ltd(603177) Announcement No.: 2022-004 Zhejiang Tuna Environmental Science & Technology Co.Ltd(603177)
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. Zhejiang Tuna Environmental Science & Technology Co.Ltd(603177) (hereinafter referred to as "the company") is expected to realize the net profit attributable to the shareholders of the listed company in 2021 ranging from - 68.5 million yuan to - 82 million yuan, which is expected to reduce the loss by 40.29 million yuan to 53.79 million yuan compared with the same period of the previous year (legally disclosed data).
2. The company expects that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be - 73.5 million yuan - 87 million yuan, which is expected to reduce the loss by 41.9 million yuan to 55.4 million yuan compared with the same period of the previous year (statutory disclosure data).
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 company's financial department, the company expects to realize a net profit attributable to the shareholders of the listed company of - 68.5 million yuan to - 82 million yuan in 2021, which is expected to reduce the loss by 40.29 million yuan to 53.79 million yuan compared with the same period of the previous year (statutory disclosure data).
2. The company expects that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be - 73.5 million yuan - 87 million yuan, which is expected to reduce the loss by 41.9 million yuan to 55.4 million yuan compared with the same period of the previous year (statutory disclosure data).
(III) the performance forecast of this period has not been audited by an accounting firm.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of Listed Companies in 2020: - 122.29 million yuan; Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: - 128.9 million yuan.
(II) earnings per share in 2020: - 0.61 yuan.
3、 Main reasons for performance loss in advance in the current period
(I) main business impact
1, the impact of overseas epidemic, the company's overseas business revenue than expected: the company in China Taiwan region, India and other countries and regions in the progress of hand orders project progress blocked; Affected by this, the company's operating revenue in 2021 is less than the estimated amount at the beginning of the year, with a decrease of about 250 million yuan; The company's main overseas deferred projects are as follows:
(1) In 2019, the company signed a desulfurization EPC project with DB company of India, with the contract amount including USD 18.17 million and INR 1669.63 million, totaling about RMB 258.8 million (converted at the exchange rate on December 31, 2021, the same below);
(2) In 2020, the company signed a ball mill and belt mill project with bhe company of India, with a contract amount of USD 11.62 million, equivalent to about RMB 74.09 million;
(3) in 2020, the company signed 11 sets of wet electricity projects with FP company in Taiwan, China, with a contract value of 17 million 500 thousand US dollars, equivalent to about 111 million 570 thousand yuan.
(4) In 2021, the company signed a desulfurization EPC project with TS Company of Thailand, with a contract amount of US $1.65 million, equivalent to about 10.52 million yuan;
(5) In 2021, the company signed a belt conveyor project with Tata company of India, with a contract amount of US $2.1 million, equivalent to about 13.39 million yuan.
2. The progress of the industrial waste salt project was not as expected: in June 2021, Shaoxing Yuexin Environmental Protection Technology Co., Ltd., a wholly-owned subsidiary of the company, obtained the hazardous waste operation license issued by the Department of ecological environment of Zhejiang Province. However, the industrial waste salt project has no specific reference case, the equipment installation, commissioning and production process are complex, and the production capacity climbing process cycle is too long, As of December of the same year, the production was stable.
3. Affected by the price increase of bulk raw materials, the substantial increase of sea freight and the appreciation of RMB, the gross profit margin of the company is lower than expected: the bulk materials (including steel, titanium dioxide, resin and other raw materials) have increased in 2021, the sea freight of overseas projects has increased significantly and the appreciation of the people's currency. Due to the certain time interval between project undertaking and implementation, the company's gross profit margin is affected, The company's gross profit margin in 2021 was lower than expected.
4. For some customers with litigation, according to the litigation process, combined with the overall aging of accounts receivable and inventory, and based on the principle of prudence, the company plans to make an impairment provision of about 13 million yuan for each asset with possible impairment loss, and is expected to reduce the profit of the current year by about 13 million yuan.
To sum up, the net profit attributable to the shareholders of the listed company has suffered a loss due to the fact that the company's operating income and gross profit margin are lower than expected at the beginning of the year. The expected loss is 68.5 million yuan to 82 million yuan. In the process of business transformation, the company has actively explored the international business market of atmosphere and China's solid waste business market. Although the overall income and gross profit margin in 2021 were lower than expected at the beginning of the year due to various factors such as the epidemic, the accumulation of relevant technologies and talents for several years has laid a certain foundation for the stable development of follow-up business.
4、 Risk tips
The company has no major uncertain factors affecting the accuracy of the performance forecast of the current period.
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.
Zhejiang Tuna Environmental Science & Technology Co.Ltd(603177) board of directors January 29, 2022
