Securities code: 002467 securities abbreviation: Net263 Ltd(002467) Announcement No.: 2022-002 Net263 Ltd(002467)
2021 annual performance forecast
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Expected performance of the current period
1. Performance forecast period: January 1, 2021 to December 31, 2021
2. Expected performance: \uf0fe loss \uf0fe turning loss into profit \uf0fe rising in the same direction \uf0fe falling in the same direction
The current reporting period of the project is the same period of last year
Profit attributable to listed companies: 24 million yuan – 36 million yuan
Net profit of shareholders: 348.3252 million yuan, down 89.66% – 93.11% over the same period of last year
Deducting non recurring losses: 25 million yuan – 55 million yuan, profit: 44.6245 million yuan
Net profit after profit
Basic earnings per share: 0.02 yuan / share -0.03 yuan / share earnings: 0.26 yuan / share
2、 Communication with accounting firms
The relevant data of this performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. The company has made preliminary communication with the accounting firm on major matters related to the performance forecast, and there is no major difference between the two sides.
3、 Explanation of performance change reasons
1. In 2021, the main reasons for the change of the company’s performance include: investment losses caused by the decline of the fair value of the participating companies, the provision for impairment of goodwill, and the decline of some business income of the company affected by the North American epidemic and the “double reduction” policy. Affected by the above factors, the net profit attributable to shareholders of listed companies decreased in 2021. The details are as follows:
(1) In 2021, the impact of the decline in the fair value of the participating companies Capitalonline Date Service Co.Ltd(300846) (hereinafter referred to as ” Capitalonline Date Service Co.Ltd(300846) “) and Beijing Seeyon Internet Software Corp(688369) (hereinafter referred to as ” Beijing Seeyon Internet Software Corp(688369) “) on the company’s net profit was about – 70 million yuan; In the same period of last year, Capitalonline Date Service Co.Ltd(300846) and Beijing Seeyon Internet Software Corp(688369) the impact of the rise in fair value on the company’s net profit was about 190 million yuan. Affected by this factor, the net profit attributable to the parent company in 2021 decreased by about 260 million yuan over the same period of last year;
(2) In accordance with the relevant provisions of the accounting standards for business enterprises and the company’s accounting policies, and based on the principle of prudence, the company preliminarily conducted an impairment test on the assets as of December 31, 2021. Due to the impact of the North American epidemic, the store, as one of the main sales channels of Internet integrated services in North America, closed down during the epidemic according to the regulations of the local government on epidemic prevention and control. Although the store has gradually resumed business, the current and future operating income and net profit of VoIP and IPTV business are lower than the original expectation, and the provision for impairment of goodwill of this asset group is about 120 million yuan;
(3) Affected by the North American epidemic, the stores, as one of the main sales channels of Internet integrated services in North America, closed down during the epidemic period according to the regulations of the local government on epidemic prevention and control. At present, the stores have gradually resumed business, but the previous restrictions on marketing activities have led to a sharp decline in the number of new users year-on-year and a decline in the business volume and operating revenue of Internet integrated services in North America;
(4) Affected by the “double reduction” policy, the business volume and income of the company’s enterprise live broadcasting business have decreased because some of the original users are users in the education and training industry. At present, the company’s enterprise live broadcasting business has actively adjusted its direction, focusing on finance, medicine and other industries to assist users in digital transformation.
2. The impact of non recurring profits and losses on the company’s net profit is expected to be 61 million yuan to 79 million yuan, mainly including: (1) in this period, the company has completed the absorption and consolidation procedures for the wholly-owned subsidiary Guangzhou Net263 Ltd(002467) Communication Co., Ltd. (hereinafter referred to as “Guangzhou Net263 Ltd(002467) ), and the losses related to the company’s investment in Guangzhou Net263 Ltd(002467) can be deducted in tax, Reduce income tax expenses by about 37 million yuan; (2) The net profit affected by changes in the fair value of investment projects and contingent consideration is about 12 million yuan, of which: the net profit affected by other investments and contingent consideration is about 82 million yuan, and the net profit affected by Capitalonline Date Service Co.Ltd(300846) and Beijing Seeyon Internet Software Corp(688369) is about – 70 million yuan; (3) Overseas subsidiaries received local government loan subsidies and other government subsidies of about 17 million yuan.
3. During the reporting period, the board of directors and the management directly faced the changes and challenges of the external environment, focused on accelerating the implementation of the company’s “cloud + Network + end” integration, timely adjusted the company’s business strategy, strengthened organizational management, and achieved remarkable management results. Mainly reflected in the following aspects:
(1) Based on the digital economy, consolidate the “cloud + Network + end” business
During the reporting period, focusing on the overall strategy of “Building Intelligent Cloud connection and enabling digital transformation”, the company deeply laid out the business map of “cloud + Network + end”, continued to consolidate the technical strength of IAAs, PAAS, SaaS and intelligent terminals, and connected clients and servers. At the same time, the company has established strategic cooperative relations with China Electronic System Technology Co., Ltd., Qi An Xin Technology Group Inc(688561) and others, actively promoted the ecological layout of the information and innovation industry, continuously strengthened the confidence of industry customers in localization applications, and jointly created a business development model with complementary advantages and resource sharing. Based on technology and products, the company has built digital marketing solutions, smart office solutions, home-made solutions of Xinchuang and digital learning solutions to cover and penetrate the whole Internet communication cloud scenario applications.
(2) Asset quality and operating cash flow are stable
During the reporting period, while consolidating the “cloud + Network + end” business, the company operated steadily. At present, the company’s operating cash flow is stable and its financial position is good. During the reporting period, the net cash flow generated by the company’s operating activities was greater than the net profit, the sales collection ability was strong, and the asset quality and operating cash flow were stable.
(3) Optimize the management team and pay attention to technology research and development
During the reporting period, the company completed the general election of the seventh board of directors and board of supervisors, and the management team was professionally managed and younger; Optimize the internal management process, do a good job in the construction of talent echelon, and improve the management efficiency. At the same time, the company regards technology research and development as an important driving force for enterprise development. The company has successively won the certification of high-tech enterprises and the title of top 100 enterprises of software and Information Industry Association. Its subsidiary Beijing Net263 Ltd(002467) Enterprise Communication Co., Ltd. has been selected into the list of “specialized and special new” small and medium-sized enterprises and “small giant” enterprises in Beijing.
(4) Reduce the impact of subsequent investment on the company’s operating performance
As the fair value fluctuation of equity investment has a great impact on the company’s operating performance, the company reasonably selects accounting treatment policies through careful analysis of investment objectives, so as to reduce the impact of subsequent investment fair value fluctuation on the company’s own operating performance.
4、 Other relevant instructions
This performance forecast is the preliminary calculation result of the company’s financial department, and the specific financial data will be disclosed in detail in the 2021 annual report. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Net263 Ltd(002467) board of directors January 28, 2022
