Recently, Oceanwide Holdings Co.Ltd(000046) released a performance loss forecast. The announcement said that in 2021, the company’s net loss attributable to shareholders of listed companies was 9 billion yuan to 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.
Oceanwide Holdings Co.Ltd(000046) said in the announcement that the net profit attributable to the shareholders of the listed company in 2021 had a significant loss, which was 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 accrued impairment reserves for American real estate projects and Indonesian power plants; Second, China Minsheng Trust Co., Ltd. (hereinafter referred to as “Minsheng trust”), the holding subsidiary of the company, has carefully accrued fair value loss and impairment reserves for individual risk projects. Subsequently, Minsheng trust will continue to perform its duties as trustee and vigorously promote the disposal of relevant assets; Third, the financial expenses included in profit and loss increased in the reporting period.
Oceanwide Holdings Co.Ltd(000046) said in the announcement that some structural problems accumulated in the company’s early development and the superposition of various factors caused the company to have phased cash flow matching difficulties. In order to meet the unprecedented severe challenges, the company made great efforts to promote the maximum sales and payment collection of residential marketable resources during the reporting period, completed the optimal disposal of a number of assets, continued to promote the introduction of new investors at different levels, and the dilemma of interest bearing liabilities was reduced and resolved to a certain extent.
The announcement also said that in the next step, the company will still implement the asset optimal disposal and war leading strategy, continue to reduce leverage and liabilities, strive to strengthen the key work such as core asset operation, domestic and foreign asset disposal, comprehensive resolution of liquidity risk and treatment of major disputes, and strive to solve the key and difficult problems restricting the development of the company as soon as possible.
