Securities code: 002567 securities abbreviation: Tangrenshen Group Co.Ltd(002567) Announcement No.: 2022-012 Tangrenshen Group Co.Ltd(002567)
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. Performance forecast: the expected net profit is negative.
The current reporting period of the project is the same period of last year
Losses attributable to listed companies: 98 million yuan – 115 million yuan
Net profit of shareholders: 950338400 yuan, a decrease of 203.12% – 221.01% over the same period of last year
Deducting non recurring losses: 88 million yuan – 105 million yuan
Net profit after profit: 919332400 yuan, down 195.72% – 214.21% over the same period of last year
Basic earnings per share loss: 0.84 yuan / share -0.99 yuan / share profit: 1.07 yuan / share
2、 Communication with accounting firms
1. The company has pre communicated with the accounting firm on major matters related to the employment performance forecast, and there are no major differences between the company and the accounting firm on the performance forecast.
2. The performance forecast has not been pre audited by an accounting firm.
3、 Explanation of performance change reasons
1. During the reporting period, the profit of the company’s pig industry decreased significantly year-on-year, resulting in large losses, mainly due to: ① excess capacity in the pig industry, and the company’s fat pig sales price decreased by about 51% compared with the same period last year; ② The continuous rise in the price of feed raw materials and the increase in personnel reserves caused the company’s breeding cost to rise sharply compared with the same period last year; ③ In the first half of the year, the company purchased some high priced pig seedlings for fattening in the “company + farmer” mode, resulting in high fattening cost of “company + farmer”.
2. During the reporting period, affected by the cyclical fluctuation of pig price, because the company’s pig cost is higher than the estimated recoverable amount, it shall be recognized according to the lower of the estimated recoverable amount and pig cost. For the part where the estimated recoverable amount is lower than the inventory cost, the company shall, in accordance with the accounting standards for Business Enterprises No. 1 – inventory According to the relevant provisions of the accounting standards for Business Enterprises No. 5 – biological assets and the accounting standards for Business Enterprises No. 8 – asset impairment, the initial impairment provision is made for the consumable biological assets and productive biological assets on hand; Loss on disposal of fixed assets due to expansion of breeding scale and reconstruction and expansion of pig farms; In order to optimize the sow structure, improve production efficiency and eliminate the loss of low-performance sows, the above preliminary calculation amount is about 370 million yuan (the final data shall be subject to the audit report). 3. During the reporting period, affected by the low price of poultry products, the profits of Shandong Hemei Group Co., Ltd. and Hunan Jitai agriculture and animal husbandry Co., Ltd., which were acquired by the company, fell sharply. In accordance with the accounting standards for Business Enterprises No. 8 – asset impairment and other relevant provisions, the company conducted a preliminary impairment test on the acquired enterprises and made provision for goodwill impairment; At the same time, the new financing loans due to the expansion of breeding scale have incurred large financial expenses, and the above preliminary calculation amount is about 300 million yuan (the final data shall be subject to the audit report).
The company will improve the low-cost management and control system of the pig industry of “increasing production, reducing cost, increasing efficiency, maintaining health and increasing profits”, further release the production capacity of pigs and increase the number of pigs bred and raised by themselves; Improve sow production efficiency, improve feed nutrition formula, realize accurate nutrition and reduce feed consumption cost; Improve the efficiency of personnel and funds, formulate and monitor the environmental indicators of pig farms, do a good job in epidemic prevention, consultation and treatment in time, ensure the health of pigs, reduce the production cost of piglets and the weight gain cost per kilogram of fat pigs, and improve the profitability of each pig, so as to enhance the overall profitability of the company’s pig industry.
4、 Risk tips
The risk of pig market price fluctuation is the systematic risk of the whole pig production industry. For pig producers, it is an objective and uncontrollable external risk. The sharp fluctuation (decline or rise) of pig market price may have a great impact on the company’s operating performance. If the performance forecast changes, the company will disclose it in accordance with relevant regulations.
5、 Other relevant instructions
The information disclosure media of the company are China Securities News, Shanghai Securities News, securities times, securities daily and cninfo.com; This performance forecast has not been audited, and the above financial figures are forecast data. Please refer to the 2021 annual report disclosed by the company for specific financial data, so as to remind investors to pay attention to the information publicly disclosed by the company and pay attention to investment risks.
It is hereby announced.
Tangrenshen Group Co.Ltd(002567) board of directors January 28, 2002
