Stock Code: 002343 stock abbreviation: Ciwen Media Co.Ltd(002343) Announcement No.: 2022-011
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 falsehood
False records, misleading statements or material omissions.
1、 Expected performance of the current period
1. Performance forecast period: January 1, 2021 to December 31, 2021
2. Performance forecast:
□ the estimated net profit is negative \uf0a3 the lower of the estimated net profit before and after deducting the non recurring profit and loss is negative, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is less than 100 million yuan
The same period of last year from January 1, 2021 to December 31, 2021
Loss attributable to listed companies: 290 million yuan ~ 200 million yuan loss: 351653400 yuan net profit of shareholders
Net profit after deducting non recurring loss: 290 million yuan ~ 200 million yuan loss: 367232600 yuan profit
Loss of basic earnings per share: 0.6106 yuan / share ~ 0.4211 yuan / share loss: 0.7404 yuan / share
2、 Communication with accounting firms
The relevant financial data of this performance forecast has not been audited by certified public accountants. However, the company has made pre communication with the annual audit accounting firm on major matters related to the performance forecast, and there is no significant difference between the company and the accounting firm in the performance forecast of the reporting period.
3、 Explanation of performance change reasons
1. The company adheres to the development and operation of film and television content as the core and strives to promote high-quality development. On the one hand, the company continues to create high-quality head plays and original plays; On the one hand, strive to expand the paid video market and actively promote online dramas, online movies and other businesses. However, during the reporting period, due to the impact of policy adjustment, changes in market environment and other factors, as well as certain quarterly fluctuations in the company’s revenue recognition due to the production and distribution cycle of film and television business, the amount of revenue recognized and profit realized by the company’s film and television business in 2021 was small, It mainly recognized the income of TV series “storm dance” (according to the new income standard, the income is recognized when it is broadcast on the Internet platform), online film “Qilin fantasy town” (box office split) and other projects, as well as the multi round distribution income of stock dramas.
2. Based on the principle of prudence, in accordance with the relevant provisions of the accounting standards for business enterprises, the accounting supervision risk tip No. 8 – impairment of goodwill, the stock listing rules of Shenzhen Stock Exchange and the company’s accounting policies, in order to truly and accurately reflect the company’s financial status, asset value and operating results as of December 31, 2021, The company and its subsidiaries have inspected and analyzed fixed assets, intangible assets, long-term equity investment, inventory, accounts receivable, goodwill, other receivables and other assets, and accrued impairment reserves for relevant assets that may have asset impairment losses. It is preliminarily estimated that the provision for impairment in 2021 will be about 241.45 million yuan, which will reduce the company’s net profit attributable to the owner of the parent company by about 214.12 million yuan in 2021. For details, please refer to the announcement on the provision for asset impairment (Announcement No.: 2022-009) disclosed by the company on the same day.
4、 Other relevant instructions
1. The amount of asset impairment to be accrued this time is the result of the preliminary calculation of the company’s financial department and the preliminary evaluation of the evaluation organization, which needs to be audited by the accounting firm, and the final data shall be subject to the financial data audited by the accounting firm. The proposed provision for asset impairment will have a significant impact on the annual performance. Please pay attention to the investment risks.
2. The above data has been preliminarily calculated by the company’s financial department, and the specific data will be disclosed in detail in the company’s 2021 annual report. Please pay attention to investment risks.
It is hereby announced.
Ciwen Media Co.Ltd(002343) board of directors January 28, 2022
