Securities code: 603221 securities abbreviation: Elegant Home-Tech Co.Ltd(603221) Announcement No.: pro 2022-001 Elegant Home-Tech Co.Ltd(603221)
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. Elegant Home-Tech Co.Ltd(603221) (hereinafter referred to as “the company”) is expected to realize the net profit attributable to the shareholders of the listed company in 2021 from 4.5 million yuan to 6.75 million yuan, a decrease of 72.5505 million yuan to 74.8005 million yuan compared with the same period of the previous year, a year-on-year decrease of 91.49% to 94.33%.
2. The expected decrease of the company’s performance in this period is mainly due to the rise in the price of raw materials, the appreciation of RMB, and the increase in manufacturing costs and sales expenses during the reporting period.
1、 Performance forecast of the current period
（1） Performance forecast period
From January 1, 2021 to December 31, 2021.
（2） Performance forecast
1. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company is expected to be 4.5 million yuan to 6.75 million yuan in 2021, which is expected to decrease by 72.5505 million yuan to 74.8005 million yuan compared with the same period of the previous year, a year-on-year decrease of 91.49% to 94.33%.
2. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is – 5.5 million yuan to – 2.75 million yuan, which is expected to decrease by 77.1075 million yuan to 79.8575 million yuan compared with the same period of the previous year, a year-on-year decrease of 103.70% to 107.40%.
（3） The performance forecast of this period has not been audited by certified public accountants.
2、 Performance in the same period
（1） Net profit attributable to shareholders of listed companies: 79.3005 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 74.3575 million yuan.
（2） Earnings per share: 0.35 yuan.
3、 Main reasons for performance reduction in the current period
The decline of the company’s performance in this period is mainly affected by the rise of raw materials, the appreciation of RMB, and the increase of manufacturing costs and sales expenses. The details are as follows:
1. The price of raw materials has risen. In 2021, the prices of the company’s main raw materials, such as resin powder and plasticizer, rose sharply. In this regard, although the company has taken a series of cost reduction and efficiency increase measures and negotiated price increase measures to minimize the adverse impact as far as possible, it is still difficult to offset the impact, resulting in a year-on-year decline in the company’s profit margin and net profit in the current period; 2. RMB appreciation. In 2021, the RMB continued to appreciate against the US dollar on the basis of the previous year, resulting in a decline in the sales price of the company’s products and affecting the profit level;
3. Increased manufacturing costs. In 2021, some of the company’s raised investment projects were completed, transferred to fixed assets and accrued depreciation expenses, resulting in an increase in manufacturing costs and affecting the profit level;
4. Increase in sales expenses. In 2021, the newly established domestic trade subsidiary of the company increased the expenses during the period due to business expansion and increased sales expenses, which affected the profit level.
4、 Risk tips
Based on the company’s financial department’s professional judgment and preliminary communication with the annual audit accountant, the company has no major uncertain factors 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 audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Elegant Home-Tech Co.Ltd(603221) board of directors January 29, 2002
