Securities code: 002468 securities abbreviation: Sto Express Co.Ltd(002468) Announcement No.: 2022-007 bond Code: 149107 SZ、149255. SZ bond abbreviation: 20sto01, 20sto02
2021 annual performance forecast
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Expected performance of the current period
1. Performance forecast period: January 1, 2021 – December 31, 2021
2. Expected operating performance: √ loss \uf0f0 turning loss into profit \uf0f0 rising in the same direction \uf0f0 falling in the same direction
The current reporting period of the project is the same period of last year
Loss attributable to shares of listed companies: 840 million yuan – 950 million yuan, profit: 36.3273 million yuan
Eastern net profit
Deducting non recurring profit and loss: 88 million yuan – 97 million yuan, loss: 30.9796 million yuan
Net profit after
Basic earnings per share loss: 0.56 yuan / share -0.63 yuan / share profit: 0.02 yuan / share
Operating income: 241000000 yuan – 265000000 yuan 21566054700 yuan
The operating income after deduction is 24014 million yuan – 26414 million yuan and 21486701500 yuan
2、 Communication with accounting firms
The performance forecast has not been pre audited by certified public accountants. The company has pre communicated with the accounting firm on matters related to the employment performance forecast. There is no major difference between the two sides in the performance forecast.
3、 Explanation of performance change reasons
In 2021, adhering to the business philosophy of “proper operation and long-term ism”, the company moved towards the basic goal of “digital intelligence operation”, focused on the business strategy of “four insistences”, and comprehensively carried out digital intelligence capacity-building around the main track. Among them, the company independently developed a new generation of “Kunlun” system and “housekeeper” series application products for different scenarios of the whole link are put into use throughout the network, It realizes the intellectualization of the system, the visualization of data and the accuracy of decision-making; The whole network fine management is implemented around ecological synergy. Among them, the “grid” management mode is the key measure for the company to focus on network services and empowerment, which has effectively promoted the cost reduction, efficiency enhancement, empowerment and income increase of networks; Surrounding surplus
We improved and strengthened our own capacity-building, including 47 capacity improvement projects, which promoted the capacity handling capacity to 40 million units per day, so the market share increased significantly compared with the beginning of the year. According to the data released by the State Post Office, the company’s market share rose to 11.25% in a single month in December, the highest in nearly 17 months. In 2021, with the efforts of all Shentong people, the company achieved certain operating results and achieved phased operating objectives.
Due to the changes in the express market in 2021, the company’s asset investment and the provision of asset impairment, the annual performance is still under pressure. If the impact of the above asset impairment is excluded, the company’s performance in the fourth quarter of 2021 is expected to be profitable.
The main reasons for the change of annual performance in 2021 are as follows:
(I) impact on operating performance
1. According to the data released by the State Post Office, in the first three quarters of 2021, the business volume of national express service enterprises completed 76.77 billion pieces, a year-on-year increase of 36.7%; The revenue of single express delivery was 9.68 yuan, a year-on-year decrease of 11%, and the price competition was fierce. In order to maintain the healthy development of express network and enhance the customer expansion and service capacity of franchise outlets, the company appropriately adjusted the support of market policies during this period, resulting in the decline of single ticket express revenue of the company, which has a certain impact on the annual performance. Since the fourth quarter of 2021, the company has further strengthened the digital, refined and modern management of outlets. On the one hand, it promotes the simultaneous rise of volume and price by optimizing the market price policy, on the other hand, it reduces the cost and improves efficiency for outlets by optimizing the assessment method, and increases the income of outlets by carrying out emerging business cooperation.
2. In the first three quarters of 2021, due to the impact of site relocation, project completion delay and other factors, the overall single volume throughput scale was limited, resulting in high operating costs and low capacity utilization, which affected the performance of the company to a certain extent. In the fourth quarter, with the continuous growth of the company’s business volume, the capacity utilization rate was gradually improved, the fixed cost of single ticket was gradually reduced, and the scale effect was reflected.
3. Combined with its own business conditions, the company appropriately increased financing, and the new bank loans led to an increase in financial expenses. In the future, as the company orderly promotes diversified financing projects, the financing structure will be further optimized and the financing cost will be reasonably controlled.
(II) impact of accrued asset impairment
According to the relevant provisions of the accounting standards for Business Enterprises No. 8 – asset impairment and the accounting regulatory risk tip No. 8 – goodwill impairment issued by the CSRC, the company has conducted a preliminary impairment test on relevant assets. Based on the company’s annual operating performance in 2021, the cash flow and operating profit generated by relevant assets are lower than expected and other factors, some assets show signs of impairment, Among them, the disposal and impairment of fixed assets is about 76 million yuan, and the provision for goodwill impairment of assets such as acquisition transfer centers is about 70 million yuan. The amount of the final provision for impairment of goodwill will be determined after being evaluated by an evaluation institution with securities and futures qualification hired by the company and audited by an accounting firm.
Looking forward to 2022, with the national and local governments successively issuing industry regulatory policies and relevant guidance, based on the “stability” of the industry
According to the general tone of “seeking progress in China”, express enterprises will scientifically balance short-term demands and long-term value, so the vicious price competition will be alleviated, and the express industry will enter the stage of high-quality development and efficient governance. In 2022, the company will continue to adhere to the business philosophy of “honest operation and long-term ism”, adhere to the business strategy of “focusing on operation, service empowerment and creating high-quality single quantity”, continuously improve the company’s market share, profitability, express timeliness and service quality in the industry, and seek to repay the majority of investors of the company with better business performance.
4、 Other relevant instructions
This performance forecast is the result of the preliminary calculation of the company’s financial department. It has not been audited by an accounting firm. The specific financial data will be disclosed in detail in the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Sto Express Co.Ltd(002468) board of directors January 29, 2022
