Zhejiang Busen Garments Co.Ltd(002569) : performance forecast for 2021

Securities code: 002569 securities abbreviation: St BUSEN Announcement No.: 2022-004 Zhejiang Busen Garments Co.Ltd(002569)

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: from January 1, 2021 to December 31, 2021.

(II) performance forecast: \uf0f0 loss □ 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

Profit attributable to listed companies: 48 million yuan – 68 million yuan, loss: 153.44 million yuan

Net profit of shareholders

Profit after deducting non recurring losses: 7 million yuan – 27 million yuan, loss: 160.48 million yuan

Net profit after profit

Basic earnings per share: 0.33 yuan / share – 0.47 yuan / share; loss: 1.09 yuan / share

Note: “Yuan” in the above table refers to RMB.

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 pre 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

In 2021, the company realized the increase of income and the decrease of cost by “closing down and shutting down” the garment business, optimizing and adjusting the marketing policy, strengthening the sales management, reducing staff and increasing efficiency, controlling the production cost, stripping the loss making subsidiary, digesting the inventory through multiple channels, and actively handling the external guarantee litigation, As a result, the net profit attributable to the shareholders of the listed company in 2021 turned from loss to profit.

The amount affecting non recurring profits and losses in this year is about 41 million yuan, mainly including about 43 million yuan of non operating income caused by the reversal of estimated liabilities in litigation cases, about 10 million yuan of investment income obtained by ion stripping company, about 2.5 million yuan of income obtained from the disposal of real estate, and about 15 million yuan of loss caused by the settlement of litigation cases.

4、 Other relevant instructions

This performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. The specific financial data shall be subject to the 2021 annual report disclosed by the company. The company will fulfill the obligation of information disclosure in time in strict accordance with the provisions of relevant laws and regulations. Please make careful decisions and pay attention to investment risks. It is hereby announced.

Zhejiang Busen Garments Co.Ltd(002569) board of directors January 28, 2022

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