Securities code: 002488 securities abbreviation: Zhejiang Jingu Company Limited(002488) No.: 2022-004 Zhejiang Jingu Company Limited(002488)
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 are jointly and severally liable for false records, misleading statements or major omissions in the announcement.
1、 Expected performance of the current period
1. Performance forecast period: from January 1, 2021 to December 31, 2021.
2. The estimated net profit is positive and belongs to one of the following situations:
\uf0f0 turning losses into profits \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
Attributable to listed companies
Profit: 80 million yuan – 120 million yuan, loss: 163.1709 million yuan, net profit of shareholders deducting non recurring loss: 21 million yuan – 150 million yuan
Loss: net profit after profit of RMB 169.073 million decreased by – 24.25% – 11.25% compared with the same period of last year
Basic earnings per share: 0.08 yuan / share – 0.12 yuan / share loss: 0.16 yuan / share
2、 Performance forecast and pre audit
The company has made preliminary communication with the accounting firm on major matters related to the performance forecast, and there is no major difference between the two sides.
This performance forecast has not been pre audited by an accounting firm.
3、 Explanation of performance change reasons
(I) the company turned loss into profit in 2021 mainly because:
1. Compared with the same period of last year, the company’s auto parts manufacturing business continued to grow steadily, including:
(1) The company’s Avatar products began mass production and supply, and the customer market responded well. Since 2012, the company has developed an innovative product of weight and precision benchmarking aluminum wheel, with the project code of “Avatar”. As the research results of the company for many years, avatar is the world’s leading wheel production technology, with better balance, stronger deformation resistance, more durable, significantly lower weight compared with traditional steel wheels, close to aluminum wheels, high product precision and good aesthetics. It is expected to open up a new “Blue Ocean” market between steel wheels and aluminum wheels. At the end of 2020, the company’s Avatar wheel mass production line was officially put into operation. At present, it has supplied a number of commercial vehicle main engine plants in China. At present, it has also received the fixed-point notice of passenger vehicles.
(2) The company’s lightweight steel wheel products have entered the new energy passenger vehicle market. In 2021, the company actively laid out the field of new energy electric vehicles. At present, it is the standard wheel supplier of Wuling Hongguang Mini ev. At the same time, it has obtained the leiling supporting project of GAC Toyota new energy vehicle, and became the wheel supplier of GAC Toyota Camry full range models (oil and electricity hybrid models and traditional oil vehicles) in 2022.
2. Non recurring profit and loss
(1) In the first quarter of 2021, the company completed the sale of 1% equity in xinkangzhong, with a transfer consideration of 150 million yuan and a transfer income of about 115.1856 million yuan. For details, see the announcement on the company’s sale of equity of participating companies (Announcement No.: 2020-078) disclosed on December 31, 2020;
(2) In the third quarter of 2021, the company sold 1.419% of the equity in xinkangzhong, with the transfer price of US $31.5559 million (about 204.1507 million yuan), and the transfer income of about 163.8251 million yuan. For details, see the announcement on reply to the letter of concern of Shenzhen Stock Exchange disclosed on November 5, 2021 (Announcement No.: 2021-044);
(II) the company’s net profit loss after deducting non recurring profits and losses is mainly due to the increase of the company’s losses in the automotive aftermarket business:
Jiangsu Kangzhong Auto Parts Co., Ltd. (hereinafter referred to as “xinkangzhong”), a joint-stock company of the company, expanded rapidly in this period compared with the same period of last year. The number of stores of “tmall car keeping” brand increased from 304 at the beginning of the year to 1313, and the business developed rapidly. However, due to the large investment in the early stage, the loss increased, and the company confirmed that the investment loss of the joint-stock company increased year-on-year in accordance with the equity method.
4、 Other relevant instructions
This performance forecast is the preliminary calculation result of the company’s financial department. The specific financial data are subject to the 2021 annual report disclosed by the company. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Zhejiang Jingu Company Limited(002488) board of directors
January 28, 2022
