Securities code: 002583 securities abbreviation: Hytera Communications Corporation Limited(002583) Announcement No.: 2022-009 Hytera Communications Corporation Limited(002583)
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
(I) performance forecast period:
January 1, 2021 – December 31, 2021
(II) performance forecast
■ expected net profit is negative
The current reporting period of the project is the same period of last year
Losses attributable to listed companies: 390 million yuan – 580 million yuan
Profit: 95.2985 million yuan, net profit of shareholders decreased by 509.24% – 708.61% over the same period of last year
Deducting non recurring losses: 380 million yuan – 560 million yuan
Loss: net profit after profit of 177585100 yuan decreased by 113.98% – 215.34% over the same period of last year
Basic earnings per share loss: 0.21 yuan / share -0.32 yuan / share profit: 0.05 yuan / share
The operating income is 5850 million yuan – 6150 million yuan and 6109.2209 million yuan
After deduction, the operating income is 5775 million yuan – 6100 million yuan and 6044.1826 million yuan
Note: the “Yuan” in the above table refers to RMB. II. Communication with accounting firms
The financial data related to the performance forecast of the current period has not been audited by an accounting firm. The company has conducted pre communication with the accounting firm on matters related to the performance forecast. Up to now, the company and the accounting firm have no significant differences on the content of the performance forecast data of the current period. 3、 Explanation of performance change reasons
The main reasons for the company’s loss in the reporting period are as follows: 1. Affected by the epidemic, although the company’s business began to recover in the second half of the year, the overall revenue of 2021 did not achieve the growth target; 2. The shortage of upstream supply led to the rise in the price of electronic devices and other raw materials, and the gross profit margin of the company decreased in the fourth quarter; 3. During the reporting period, large exchange losses were incurred due to the fluctuation of the exchange rate of RMB against the US dollar and the euro; 4. During the reporting period, the investment income and asset disposal income decreased year-on-year, mainly due to the disposal of some businesses and assets by the company in the same period last year; 5. The impact of bankruptcy and reorganization of U.S. subsidiaries on the company’s net profit is about – 190 million yuan.
Looking back on the whole year of 2021, China benefited from the control of the epidemic situation, the operation recovered rapidly, and the revenue of main dedicated communications increased rapidly year-on-year; Overseas income has declined due to the repeated impact of the epidemic. Since the second half of the year, the newly signed orders have increased significantly compared with the same period last year, and the revenue in the fourth quarter has increased by more than 30% year-on-year. During the reporting period, the company continued to promote fine management, deeply implemented the “2 + 3 + 1” business strategy, and made certain breakthroughs in various new businesses such as broadband, public and private integration and intelligent command and dispatching integration. 4、 Risk tips
The progress of the company’s trade secrets and copyright infringement litigation cases with Motorola solutions Inc. has been disclosed in the form of regular reports and temporary announcements. As of the disclosure date of this announcement, although there has been some progress in the case, the best estimate of the amount of compensation obligation still cannot be obtained, and the actual amount of obligation related to contingencies cannot be reliably measured, which does not meet the conditions for recognizing estimated liabilities in the accounting standards for business enterprises No. 13 – contingencies. This performance notice does not accrue estimated liabilities for this major lawsuit. If the latest progress of the case meets the conditions for the recognition of estimated liabilities in the above accounting standards before the disclosure of the 2021 annual report, the company will make amendments in accordance with the accounting standards and relevant provisions on information disclosure.
In order to reduce the impact of litigation on the company’s business in the United States, hytera America, Inc., hytera communications America (West), Inc., and hyt North America, Inc., the company’s subsidiaries (grandchildren) in the United States, have voluntarily applied to the local court for bankruptcy protection. As of the date of this announcement, the draft bankruptcy liquidation plan has been voted and approved by all creditors. The follow-up needs to be ruled by the court, and the implementation can be started after meeting the effective conditions. There are still some uncertainties in the final result and performance. For details, please refer to the announcement on the progress of major litigation (Announcement No.: 2022-005) issued by the company through the designated information disclosure media on January 20, 2022. This event is a future event. The company considered the impact of this event on profits in this performance forecast in combination with local legal procedures and out of prudent consideration. If the final implementation changes before the disclosure of the 2021 annual report, the company will timely perform the obligation of information disclosure according to the latest progress and make amendments in accordance with the accounting standards and relevant provisions of information disclosure. 5、 Other relevant instructions
This performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by the audit institution. The specific financial data shall be subject to the 2021 annual report officially disclosed by the company. The company will do a good job in information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Hytera Communications Corporation Limited(002583) board of directors January 28, 2022
