Securities code: 002574 securities abbreviation: Zhejiang Ming Jewelry Co.Ltd(002574) Announcement No.: 2022-001 Zhejiang Ming Jewelry Co.Ltd(002574)
2021 annual performance forecast
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no 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
Expected net profit is positive: √ turn loss into profit \uf0f0 rise in the same direction \uf0f0 decline in the same direction
The current reporting period of the project is the same period of last year
Profit: 135 million yuan – 175 million yuan
Loss attributable to listed companies: net profit of 257123200 yuan shareholders
Year on year growth: 152.50% – 168.06%
Loss: 20 million yuan – profit: 20 million yuan
Net profit after deducting non recurring losses: 310.2411 million yuan
Year on year growth: 93.55% – 106.45%
Basic earnings per share: 0.2557 yuan / share – 0.3314 yuan / share loss: 0.487 yuan / share
2、 Communication with accounting firms
This performance forecast has not been audited by an accounting firm. The company has pre communicated with the accounting firm providing annual audit services for the company on this performance forecast, and there is no major difference between the two sides on this performance forecast for the time being.
3、 Explanation of performance change reasons
(I) reasons for losses in 2020
The net profit attributable to the shareholders of the listed company in 2020 was -257123200 yuan, mainly due to the company’s long-term equity investment in Suzhou Haowu and the provision for impairment of 303961500 yuan.
(II) reasons for performance growth in 2021
1. During the reporting period, the recovery momentum of the consumer market increased, the retail sales of gold and jewelry industry increased well, and the sales and profits of the company’s main business of gold and jewelry increased significantly year-on-year.
2. During the reporting period, the company’s investment in Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) was included in the current profit and loss accounting according to the change of fair value (belonging to non recurring profit and loss items). When Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) was listed on June 25, 2021, the net profit attributable to the shareholders of the listed company was increased by 154063300 yuan based on the closing price of Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) shares on December 31, 2021.
4、 Risk tips
1. The company’s long-term equity investment in Suzhou Haowu is accounted and recognized according to the equity method. During the reporting period, affected by the real estate regulation policies, the performance of Suzhou Haowu continued to decline in this period, which will have a great impact on the company’s profits.
2. The 2021 annual performance forecast is the result of the preliminary calculation of the company’s financial department, and the specific financial data will be disclosed in detail in the company’s 2021 annual report.
Please make careful decisions and pay attention to investment risks.
Zhejiang Ming Jewelry Co.Ltd(002574) board of directors January 28, 2022
