Due to the insufficient growth of income scale Shanghai Jinfeng Wine Company Limited(600616) , the expected loss of net profit in 2021 is about 10 million

On January 28, Shanghai Jinfeng Wine Company Limited(600616) (hereinafter referred to as " Shanghai Jinfeng Wine Company Limited(600616) ") issued an announcement on the pre loss of performance in 2021. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be a loss compared with the same period of the previous year, and the net profit attributable to the shareholders of the listed company is between - 10 million yuan and - 13.5 million yuan. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is between - 16 million yuan and - 19.5 million yuan.

For the loss of performance, Shanghai Jinfeng Wine Company Limited(600616) said in the announcement that due to the persistence of scattered epidemic in the reporting period, the competition in the regional stock market of yellow rice wine became more and more intense, and the growth of the company's income scale was insufficient. At the same time, affected by the increase of raw material cost and the decrease of output, the unit production cost increased, while the overall expenses of the company remained stable year-on-year.

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