Sure enough, it was another thunder night.
On the evening of January 28, a number of A-share listed companies issued a huge loss forecast. China Fortune Land Development Co.Ltd(600340) became the “king of advance losses” in 2021 with a maximum loss of 39.1 billion yuan, Jiangxi Zhengbang Technology Co.Ltd(002157) a maximum loss of 19.7 billion yuan, Air China Limited(601111) a maximum loss of 17 billion yuan, China Southern Airlines Company Limited(600029) , China Eastern Airlines, Oceanwide Holdings Co.Ltd(000046) a maximum loss of more than 11 billion yuan.
In addition, Shanghai Electric Group Company Limited(601727) , Yango Group Co.Ltd(000671) , Yonghui Superstores Co.Ltd(601933) , Macrolink Culturaltainment Development Co.Ltd(000620) and other expected losses exceed 3 billion yuan.
According to the rules of the Shanghai and Shenzhen Stock Exchange, January 31 is the deadline for GEM companies and other companies with significant performance fluctuations to release the performance forecast of 2021. Therefore, the performance forecasts of these companies were intensively released this week, and today is the last day.
Air China lost four years of net profit in two years
According to the announcement, Air China Limited(601111) is expected to lose 14.5 billion yuan to 17 billion yuan in 2021. It is worth mentioning that at present, there are 3537 A-share companies with a total market value of less than 14.5 billion yuan.
The loss of Air China Limited(601111) in 2020 is 14.4 billion yuan, and the total loss in the two years will at least exceed 28.9 billion yuan, and may even exceed 30 billion yuan. From 2016 to 2019, the total net profit of Air China Limited(601111) was only 28 billion yuan. This means that Air China Limited(601111) lost four years of net profit in two years.
Source: China stock market news
For the reasons for the loss, Air China Limited(601111) said in the announcement that 2021 is the second year of covid-19 pneumonia epidemic spreading around the world, the investment of international routes continues to be limited, the flow of China’s passenger transport market fluctuates sharply, and it is increasingly difficult to improve the company’s operating efficiency. Rising oil prices, exchange rate fluctuations and other factors further increase the difficulty of the company’s operation. At the same time, the investment enterprises related to the main business are also seriously affected.
Before the announcement of Air China Limited(601111) , the company with the largest loss in advance was Wens Foodstuff Group Co.Ltd(300498) , which is expected to lose between 13 billion yuan and 13.8 billion yuan in 2021.
On the 28th, China Southern Airlines Company Limited(600029) announced that the company is expected to have a loss in 2021, with a net loss of 11.3 billion yuan to 12.8 billion yuan. The loss of non net profit attributable to parent deduction was 11.7 billion yuan to 13.5 billion yuan.
China Eastern Airlines announced on the Hong Kong stock exchange that it is expected that the net loss attributable to shareholders of listed companies will be RMB 11 billion to 13.5 billion in 2021; It is estimated that the net loss attributable to shareholders of listed companies after deducting non recurring profits and losses is RMB 12.2 billion to 14.7 billion.
many companies lost a lot
In the announcement on the evening of the 28th, China Fortune Land Development Co.Ltd(600340) is expected to lose 33.1 billion yuan to 39.1 billion yuan in 2021, with a profit of 3.665 billion yuan in the same period last year.
Jiangxi Zhengbang Technology Co.Ltd(002157) the announcement said that it is expected to lose 18.2 billion yuan to 19.7 billion yuan in 2021, with a profit of 5.744 billion yuan in the same period of last year.
Oceanwide Holdings Co.Ltd(000046) it is estimated that in 2021, the company’s net loss attributable to shareholders of listed companies will be 9 billion yuan – 11 billion yuan; The net loss after deducting non recurring profits and losses is 7.8 billion yuan – 9.8 billion yuan; The total operating revenue is 14.7 billion yuan – 15.5 billion yuan.
The announcement said that the company had significant losses, which were mainly affected by the following factors. First, affected by the changes of overseas macroeconomic environment and covid-19 pneumonia epidemic, the recoverable amount of overseas projects is expected to decrease in the future. According to the principle of prudence, the company has made provision for impairment of real estate projects in the United States and power plants in Indonesia. Second, China Minsheng Trust Co., Ltd., the holding subsidiary of the company, prudently accrued fair value loss and impairment provision for individual risk projects. Subsequently, Minsheng trust will continue to perform the duties of trustee and vigorously promote the disposal of relevant assets. Third, the financial expenses included in profit and loss increased in the reporting period.
According to the announcement, the net loss in 2021 is expected to be 4.5-5.8 billion yuan, with a profit of 5.283 billion yuan in the same period last year; Deduct non net profit loss of RMB 7.3 billion to RMB 8.6 billion.
According to the announcement, the net loss in 2021 is expected to be 3.93 billion yuan, a decrease of 5.72 billion yuan compared with the same period last year. Among them, the loss of online business is 840 million yuan, and the changes in the fair value of financial assets held by the company and the provision for impairment of long-term assets are expected to reduce the net profit by about 600 million yuan.
Macrolink Culturaltainment Development Co.Ltd(000620) the announcement said that the net profit attributable to shareholders of Listed Companies in 2021 is expected to be a loss of 2.94 billion yuan – 3.72 billion yuan.
Shanghai Electric Group Company Limited(601727) announced that it is expected to lose 8.9 billion yuan to 10.3 billion yuan in 2021, with a net profit of 3.758 billion yuan in the same period last year.
these companies face delisting risk
On January 28, several companies announced that they were facing delisting risks, including Yunnan Metropolitan Real Estate Development Co.Ltd(600239) , Guizhou Changzheng Tiancheng Holding Co.Ltd(600112) , Hubei Wuchangyu Co.Ltd(600275) , Xinjiang Korla Pear Co.Ltd(600506) .
Picture: China stock market news
Guizhou Changzheng Tiancheng Holding Co.Ltd(600112) said in the announcement that the company’s 2020 annual report was issued with an audit report that could not express opinions, and the audited net assets of the company at the end of 2020 were negative. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, the company’s shares have been implemented with “delisting risk warning”.
Guizhou Changzheng Tiancheng Holding Co.Ltd(600112) pointed out that if the audited 2021 annual report disclosed by the company touches the situation specified in article 9.3.11 of the stock listing rules of Shanghai Stock Exchange (revised in 2022), the Shanghai Stock Exchange will decide to terminate the stock listing.
However, it should be noted that the data of Guizhou Changzheng Tiancheng Holding Co.Ltd(600112) 2021 is still not optimistic. Guizhou Changzheng Tiancheng Holding Co.Ltd(600112) it is estimated that in 2021, the main operating revenue will reach 100 million yuan to 110 million yuan, and the deduction of non net profit will be negative; It is estimated that the net assets attributable to the shareholders of the listed company at the end of 2021 will be 10.5 million yuan to 15.75 million yuan; The type of audit opinion of the company’s 2021 financial accounting report is uncertain.
In addition, some companies may be warned of delisting risks.
Suna Co.Ltd(002417) the announcement said that according to the calculation of the company’s financial department, the lower of the company’s net profit before and after deducting non recurring profits and losses in 2021 is expected to be negative, and the operating income after deducting business income irrelevant to the main business and income without commercial substance may be less than 100 million yuan. If the audited financial data of the company in 2021 touch the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company will disclose the delisting risk warning announcement of the company’s stock trading at the same time of disclosing the 2021 annual report.
