Securities code: 002377 securities abbreviation: Hubei Guochuang Hi-Tech Material Co.Ltd(002377) Announcement No.: 2022-1 Hubei Guochuang Hi-Tech Material Co.Ltd(002377)
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 to December 31, 2021
(II) performance forecast:
√ 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
Loss attributable to shareholders of listed companies: 90 million yuan – 130 million yuan loss: net profit of 2974.7238 million yuan
Loss after deducting non recurring profit and loss: 906 million yuan – 1306 million yuan loss: net profit of 2979.3409 million yuan
Loss of basic earnings per share: 0.98 yuan / share – 1.42 yuan / share loss: 3.25 yuan / share
Operating income: 3800 million yuan – 400000 yuan, 4398289200 yuan
After deduction, the operating income is 3800 million yuan – 400 million yuan and 4365.993 million yuan
2、 Communication with accounting firms
The company has pre communicated with the accounting firm on matters related to the employment performance forecast, and there are no major differences between the company and the accounting firm on the performance forecast.
The performance forecast of the company has not been pre audited by an accounting firm.
3、 Explanation of performance change reasons
The main reasons for the decline of the company’s annual performance in 2021 compared with the same period of last year are as follows:
1. Loss of main business. Mainly due to the serious loss of the company’s real estate intermediary service business in the reporting period. First, due to the impact of policy regulation, the operating income of Shenzhen, the main source of profit, has fallen sharply; Second, the company continued the policy of increasing the proportion of broker’s Commission in the second half of 2020, and the relevant variable costs increased more year-on-year. Although the proportion of broker’s Commission was reduced in the fourth quarter, it had little impact on the decline of variable costs in the whole year; Third, in the first half of 2021, the company added about 400 stores and closed some inefficient stores, resulting in a large increase in relevant costs.
2. Impairment of goodwill and intangible assets (trademarks). In 2017, the company acquired 100% equity of Shenzhen Yunfang Network Technology Co., Ltd. through major asset restructuring, resulting in goodwill of 3219.7725 million yuan and intangible assets (trademarks) of 126.0399 million yuan. In 2020, the company has accrued goodwill impairment of 2916.359 million yuan and intangible assets (trademarks) impairment of 47.0399 million yuan, At the end of 2020, the book balances of goodwill and intangible assets (trademarks) were 303413500 yuan and 79 million yuan respectively (audited).
Based on the company’s current operating conditions and the analysis and prediction of future operating conditions, according to the relevant provisions of accounting regulatory risk tips No. 8 – goodwill impairment, accounting standards for business enterprises and the company’s accounting policies, and in accordance with the principle of prudence, the company judges that there are still signs of further impairment of the company’s goodwill and intangible assets (trademarks). At the end of the third quarter of 2021, the company conducted an impairment test on the company’s goodwill related asset group and intangible assets (trademarks), and accrued 303413500 yuan of goodwill impairment and 15 million yuan of intangible assets (trademarks). At the end of the third quarter, the company’s goodwill book balance was 0 and the intangible assets (trademarks) book balance was 64 million yuan, As the company’s annual revenue still showed a downward trend year-on-year in 2021, it is expected that the company’s intangible assets (trademarks) may be further impaired.
3. The provision for impairment of receivables of Shenzhen Yunfang, a wholly-owned subsidiary, increased significantly. Most of the receivables of Shenzhen cloud real estate are real estate development enterprises, and some real estate development enterprises have incurred risks such as debt default. The management of the company has carefully analyzed and evaluated the recoverability of the company’s receivables, and believes that there are great risks. It is expected that the provision for impairment of the company’s receivables will increase significantly.
4、 Risk tips
1. This performance forecast is the preliminary calculation result of the company’s financial department, and the specific financial data will be disclosed in detail in the 2021 annual report. The company will make timely information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations.
2. The specific amount of impairment provision for goodwill and intangible assets will be determined after evaluation and audit by the evaluation institution and audit institution qualified to engage in Securities and futures related business hired by the company.
Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Board of directors January 29, 2002
