Securities code: 002375 securities abbreviation: Zhejiang Yasha Decoration Co.Ltd(002375) Announcement No.: 2022-005 Zhejiang Yasha Decoration Co.Ltd(002375)
2021 annual performance forecast
The company and all members of its 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
☑ 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: 738 million yuan – 928 million yuan
Net profit of shareholders: 317.4724 million yuan, down 332.46% – 392.31% over the same period of last year
Deducting non recurring losses: 810 million yuan – 1 million yuan
Net profit after profit: 240.7523 million yuan, down 436.45% – 515.36% over the same period of last year
Basic earnings per share loss: 0.56 yuan / share – 0.71 yuan / share earnings: 0.24 yuan / share
2、 Communication with accounting firms
The relevant data of this performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. However, the company has conducted pre communication with the annual report audit accounting firm on matters related to the performance forecast, and there is no difference between the company and the accounting firm on the performance forecast in the reporting period.
3、 Explanation of performance change reasons
The main reason for the change of the company’s performance is the provision of impairment losses for relevant receivables and contract assets of Evergrande and real estate developers included in the three red lines of the country. The company’s commercial acceptance bills, accounts receivable, contract assets and inventories involving the above-mentioned real estate developers are about 1.25 billion yuan.
Since the commercial bills issued by Evergrande have begun to break the contract in a large area, the possibility of actively cashing all due bills is not high, and it does not rule out that the bill holder requires the company to bear the legal liability as an endorser. The management of the company has carefully analyzed and evaluated the recoverability and time progress of the receivables of Evergrande and the real estate developers included in the three red lines of the country as of December 31, 2021, and believes that there are signs of impairment and corresponding impairment losses need to be accrued.
The company will actively negotiate with the above-mentioned real estate developers to seek solutions, take various necessary preservation measures, claim the rights and interests of the company, and promote the follow-up recovery of the above-mentioned assets.
4、 Risk tips
The performance forecast is a preliminary calculation made by the company based on the current debt default and risk of the customer. If the debt repayment of the customer changes before the disclosure of the 2021 annual report, the accuracy of the performance forecast will be affected. The company has communicated with the annual auditor on this matter. Please pay attention to investment risks.
5、 Other relevant instructions
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. The company will do a good job in information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to investment risks.
It is hereby announced.
Zhejiang Yasha Decoration Co.Ltd(002375) board of directors
January 28, 2002
