Securities code: 002548 securities abbreviation: Shenzhen Kingsino Technology Co.Ltd(002548) Announcement No.: 2022-015
Bond Code: 128036 bond abbreviation: Jinnong convertible bond
Shenzhen Kingsino Technology Co.Ltd(002548)
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 operating performance: □ loss □ turning loss into profit □ rising in the same direction □ falling in the same direction
The current reporting period of the project is the same period of last year
Losses attributable to shareholders of listed companies: 820 million yuan – 995 million yuan
Net profit: 132.2493 million yuan, a year-on-year decrease of 720.04% – 852.37%
Loss after deducting non recurring profit and loss: 370 million yuan – 545 million yuan
Net profit: 87.929 million yuan, decreased by 520.79% – 719.82% over the same period of last year
Basic earnings per share loss: 1.19 yuan / share – 1.44 yuan / share earnings: 0.24 yuan / share
2、 Communication with accounting firms
1. The relevant data of this performance forecast is the result of the preliminary calculation of the company. The company has conducted pre communication with the accounting firm on this performance forecast, and there is no major difference between the two sides in this performance forecast.
2. The relevant data of this performance forecast has not been audited by an accounting firm.
3、 Explanation of performance change reasons
During the reporting period, the company’s performance decreased significantly year-on-year and suffered significant losses due to the following reasons:
1. During the reporting period, the company sold 1068900 pigs, a year-on-year increase of 33.01%
China’s pig production capacity recovered more than expected, the market price of pig sales decreased significantly year-on-year, and the company’s commercial pigs and piglets
And the average sales price of breeding pigs decreased by 42.49%, 31.79% and 36.61% respectively year-on-year, while the company’s pig breeding cost was affected by various factors such as the price rise of raw materials, and the year-on-year decrease of sales cost was limited.
2. In the second half of 2021, the company took the initiative to eliminate some inefficient pig production capacity, timely optimized the company’s breeding business structure and increased the current loss to a certain extent.
3. According to the relevant provisions of the accounting standards for business enterprises, on the balance sheet date, the consumable biological assets are measured at the lower of book value and net realizable value; Productive biological assets are measured at the lower of book value and recoverable amount. Based on the principle of prudence and in combination with the pig market, it is estimated that the depreciation and impairment reserves of the company’s biological assets will be about 200 million yuan during the reporting period.
4. In 2021, China’s pig production capacity recovered more than expected, and the market price of pig sales decreased significantly year-on-year. During the reporting period, the company expects to withdraw goodwill impairment loss from the goodwill formed by the acquired breeding company.
5. In order to revitalize the company’s assets, optimize the asset structure, promote the return of funds and focus on the development of its main business, the company sold 100% equity of Shenzhen Yinghua Xunfang Communication Technology Co., Ltd. in 2021. The impact of the company’s sale of all its equity on the pre tax profit and loss in 2021 is expected to be RMB 167 million, which is non recurring profit and loss. 4、 Risk tips
The sharp fluctuation of pig market price may have a great impact on the company’s operating performance. Please make careful decisions and pay attention to investment risks.
5、 Other relevant instructions
1. This performance forecast is the result of the preliminary calculation of the company’s financial department. The specific financial data shall be subject to the 2021 annual report disclosed by the company.
2. The information disclosure media designated by the company are securities times, Shanghai Securities News, China Securities News and cninfo（ http://www.cn.info.com.cn. ）, the information about the company is subject to the above designated media. Please pay attention to it.
It is hereby announced.
Shenzhen Kingsino Technology Co.Ltd(002548) board of directors January 29, 2022
