Securities code: 002503 securities abbreviation: Souyute Group Co.Ltd(002503) Announcement No.: 2022-005 convertible bond Code: 128100 convertible bond abbreviation: soute convertible bond
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
January 1, 2021 ~ December 31, 2021
(II) performance forecast
1. 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: 340 million yuan ~ 3950 million yuan
Net profit loss of shareholders: 1770998300 yuan, down 91.98% ~ 123.04% over the same period of last year
Deducting non recurring profit and loss: 3330 million yuan ~ 3880 million yuan
Net profit loss after: 1620605100 yuan, down 105.48% ~ 139.42% over the same period of last year
Loss of basic earnings per share: 1.10 yuan / share ~ 1.28 yuan / share loss: 0.58 yuan / share
The operating income is 500 million yuan ~ 530 million yuan and 8612667300 yuan
After deduction, the operating income is 500 million yuan ~ 530 million yuan and 8583.3971 million yuan
2. It is estimated that the net assets at the end of the period are negative
The end of the current fiscal year and the end of the previous year
Owner’s equity attributable to the parent company – 17 million yuan to 3774.4648 million yuan
Note: the company estimates that the net profit loss attributable to the shareholders of the listed company in 2021 is 340 million yuan ~ 3950 million yuan. Therefore, it is estimated that the net assets at the end of 2021 should be – 170 million yuan ~ 370 million yuan. However, as the format of the performance forecast announcement of Shenzhen stock exchange requires that “if the net assets at the end of the year are estimated by interval, the relevant interval shall not contain both positive and negative values”. The audit accountant of the company’s annual report may reasonably estimate and adjust the credit impairment loss, asset impairment loss, deferred income tax assets and other items. If the amount of adjusted profit and loss is greater than 400 million yuan, the company’s net assets are negative. In consideration of the principle of prudence, the company expects the net assets at the end of 2021 to be – 17 million yuan to 0 million yuan.
2、 Communication with accounting firms
The financial data related to this performance forecast has not been pre audited by certified public accountants. The company has made pre communication with the audit accounting firm of the annual report on the performance forecast, and there is no significant difference between the company and the accounting firm in the performance forecast.
3、 Explanation of performance change reasons
During the reporting period, the net profit attributable to the shareholders of the listed company is expected to suffer a loss of 340 million yuan to 3950 million yuan, a decrease of 91.98% ~ 123.04% over the same period of last year, mainly due to:
1. Affected by covid-19 epidemic, the company was short of funds and liquidity, resulting in the overdue default of many loans of financial institutions of the company and its subsidiaries. Many financial institutions have filed lawsuits or arbitrations and applied for property preservation. Some bank accounts of the company and its subsidiaries were frozen by the people’s court, and many land, real estate, investment equity and other assets were sealed up by the people’s court, resulting in damage to the company’s credit, Financing difficulties and the loss of customers and suppliers have had a great impact on the company’s business development, resulting in a sharp decline in the company’s business income in the reporting period.
2. Due to the shortage of funds, in order to repay interest, pay for goods from suppliers, warehouse leasing fees, wages and other production and operation expenses, the company has made great efforts to reduce prices and promote inventories, resulting in a negative gross profit margin.
3. Affected by the epidemic, downstream customers have difficulty in capital turnover, the company has difficulty in collecting accounts receivable, and the provision of credit impairment loss has increased.
4. Due to the expected impairment of the company’s inventory and foreign investment, the provision for asset impairment loss increased.
5. Financial expenses and non operating expenses such as default interest and liquidated damages increased due to the overdue loan of the company.
6. Due to the decline of income and continuous losses, the company is likely to be unable to obtain sufficient taxable income in the future to offset the benefits of deferred income tax assets, and write down the book value of deferred income tax assets.
4、 Risk tips
1. This performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by the audit institution. The specific financial data shall be subject to the 2021 annual report disclosed by the company on the designated information disclosure media.
2. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), if the audited ending net assets of the company in 2021 are negative, Shenzhen Stock Exchange will implement delisting risk warning for the company’s stock trading after the disclosure of the company’s 2021 annual report, and prefix the abbreviation of the company’s stock with “* ST”. Please make careful decisions and pay attention to investment risks.
3. The information disclosure media designated by the company are China Securities News, securities times, Securities Daily, Shanghai Securities News and cninfo.com（ http://www.cn.info.com.cn. ）, relevant information shall be subject to the announcement issued by the company in the above designated media. The company will timely perform the obligation of information disclosure in strict accordance with relevant laws and regulations. Please pay attention to relevant announcements and pay attention to investment risks.
Souyute Group Co.Ltd(002503) board of directors January 29, 2022
