Union [2022] No. 869
United credit rating Co., Ltd
Notice on the performance forecast of Tecon Biology Co.Ltd(002100) 2021
Tecon Biology Co.Ltd(002100) (hereinafter referred to as “the company”) issued “Tiankang convertible bonds” on December 22, 2017, with an issuance scale of 1 billion yuan; As of February 8, 2022, the scale of existing bonds is 87 million yuan, and united credit rating Co., Ltd. (hereinafter referred to as “united credit”) is the entrusted rating agency of the above bonds. According to the tracking rating results issued by united credit on June 21, 2021, the main credit rating of the company is AA, and the latest debt credit rating of “Tiankang convertible bond” is AA, with a stable outlook. According to the announcement of Tecon Biology Co.Ltd(002100) 2021 annual performance forecast disclosed by the company, the company expects to realize the net profit attributable to the shareholders of the listed company in 2021 from -630 million yuan to -730 million yuan, which is converted from the net profit attributable to the shareholders of the listed company in the same period of last year to a loss of 1.72 billion yuan. After deducting the impact of non recurring gains and losses, the company expects to realize a net profit attributable to shareholders of listed companies of – 560 million yuan to – 660 million yuan in 2021.
According to the company’s performance forecast in 2021, the reasons for the company’s performance loss in 2021 mainly include: (1) the market price of live pigs decreased significantly. In 2021, the average sales price of the company’s commercial pigs (excluding piglets and breeding pigs) was 15.84 yuan / kg, a year-on-year decrease of 46.65%; (2) The fattening cost of piglets purchased outside the feed stocking department of the company is high; (3) Due to the company’s provision for depreciation of consumable biological assets and meat products in accordance with the relevant provisions of accounting standards.
In view of the above matters, Lianhe credit has contacted the company and will further maintain communication with the company, so as to comprehensively analyze and timely reflect the possible impact of the above matters on the company’s main body and the credit level of the above bonds.
It is hereby announced
United credit rating Co., Ltd. February 8, 2022
