On January 28, Kingland Technology Co.Ltd(000711) share price rose by the limit. On the same day, the performance forecast released by Kingland Technology Co.Ltd(000711) shows that the net profit attributable to the shareholders of the listed company is expected to be a loss of 750 million yuan to 1.35 billion yuan in 2021.
It is worth noting that Kingland Technology Co.Ltd(000711) has been highly sought after in the secondary market recently. In January, the share price soared by 75.72%, ranking high in the A-share market, and gained five limit boards in the last six trading days.
In December 2021, Kingland Technology Co.Ltd(000711) announced that the seal administrator accidentally lost the company's official seal. Kingland Technology Co.Ltd(000711) said in the reply to the concern letter of the exchange that the new seal was opened on December 30, 2021, and no documents signed in the name of the company or legal person during the loss of the seal were found. The loss of the seal did not cause serious impact and major risks to the production and operation of the company.
The maximum advance loss of net profit is 1.35 billion yuan
On the evening of January 28, Kingland Technology Co.Ltd(000711) released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be a loss of 750 million yuan - 1.35 billion yuan, and the loss in the same period in 2020 will be 2.355 billion yuan, narrowing the loss.
According to the third quarterly report, Kingland Technology Co.Ltd(000711) achieved revenue of 605 million yuan in the first three quarters of 2021, a year-on-year increase of 7.83%; The net profit attributable to the shareholders of the listed company was a loss of 344 million yuan.
Kingland Technology Co.Ltd(000711) said that the decrease in operating revenue in 2021 compared with the same period of the previous year was mainly due to the change of policies in the soil remediation industry, which led to the significant extension of the observation period of Zhongke Dingshi project, the delay of project settlement and payment collection, and the rise in the prices of energy and materials had a certain impact on the company's net profit.
Kingland Technology Co.Ltd(000711) said that the company expected the provision of impairment loss to affect the company's net profit, but it decreased compared with the same period of last year. It is expected to withdraw about 500 million yuan in the reporting period.
Specifically, Kingland Technology Co.Ltd(000711) said that the business of zhongkedingshi, the holding subsidiary of the company, was affected by industrial policies, covid-19 epidemic and intensified market competition, resulting in a significant decline in the amount of bid winning projects in the expected period. In order to objectively and truly reflect the asset value and financial status of the company, it is estimated that the goodwill impairment provision will be withdrawn about 200 million yuan in the case that there may be signs of impairment in the goodwill formed by the acquisition of 77.7152% equity of Zhongke Dingshi.
Kingland Technology Co.Ltd(000711) also said that in order to truly and accurately reflect the company's assets and operating conditions as of December 31, 2021, based on the principle of prudence, the company plans to conduct impairment test on various assets including accounts receivable, inventory goods and other equity instruments within the scope of consolidated statements, and withdraw about 300 million yuan of asset impairment reserves for various assets with signs of impairment.
Share price rose 75% in January
Kingland Technology Co.Ltd(000711) is a company in the field of ecological and environmental protection, focusing on four business segments: industrial ecology, ecological water conservancy, ecological environment and smart ecology. In 2020, the company achieved a revenue of 1.158 billion yuan, a year-on-year decrease of 39.08%. The revenue mainly came from soil remediation business.
Since January 2022, Kingland Technology Co.Ltd(000711) share price has changed many times. According to the data of China stock market news choice, from January 21 to January 28, Kingland Technology Co.Ltd(000711) harvested five daily limit boards in six trading days. The share price of Kingland Technology Co.Ltd(000711) 1 rose by 75.72% in January, ranking in the forefront of the A-share market.
From January 24 to 28, Kingland Technology Co.Ltd(000711) boarded the dragon and tiger list for five consecutive days, showing signs of suspected hot money speculation.
However, the fundamentals of the company have not changed significantly. On January 26, Kingland Technology Co.Ltd(000711) issued a stock price change announcement, saying that there had been no significant changes in the company's recent operation and internal and external business environment.
On January 24, the board of directors of Kingland Technology Co.Ltd(000711) elected Guo Shaozeng as the chairman of the company. He has successively served as the director and vice president of China Fortune Land Development Co.Ltd(600340) Jiye Holding Co., Ltd., China Fortune Land Development Co.Ltd(600340) director and vice president, China Fortune Land Development Co.Ltd(600340) chairman of Jiye Venture Capital Co., Ltd. and vice chairman of Langfang Bank Co., Ltd. He is currently a director of RONGTONG capital (Gu'an) Investment Management Co., Ltd.
It is worth noting that the company seal of Kingland Technology Co.Ltd(000711) was lost in December 2021. On December 27, 2021, Kingland Technology Co.Ltd(000711) announced that due to poor management, the seal administrator accidentally lost the company's official seal and the personal seal of legal person Yang Rengui. The next day, the Shenzhen Stock Exchange issued a concern letter to the company.
On December 31, 2021, Kingland Technology Co.Ltd(000711) replied to the attention letter that the company started moving on December 21, 2021. In the process of moving, due to a large number of items and tight time, the office items were not properly placed. The next day, the company seal administrator found that the company's official seal and legal seal were lost. After the seal was lost, the company timely arranged the staff to handle the re engraving matters. At the same time, in order to prevent being illegally abused by other personnel and causing losses to the company and investors, the situation has been disclosed in time. Up to now, the new seal has been engraved and officially opened on December 30, 2021. During this period, no documents signed in the name of the company or legal person during the loss of the seal have been found, and the loss of the seal has not caused serious impact and major risks to the production and operation of the company.
