Union [2022] No. 859
About New Hope Liuhe Co.Ltd(000876)
Notice on 2021 annual performance forecast
Entrusted by New Hope Liuhe Co.Ltd(000876) (hereinafter referred to as “the company”), united credit rating Co., Ltd. (hereinafter referred to as “united credit”) carries out credit rating on the main body of the company and relevant bonds.
According to the credit rating results issued by united credit on April 19, 2019, the company’s long-term credit rating is AAA, the debt credit rating of “hope convertible bond” is AAA, and the rating outlook is stable; “Hope convertible bond” was issued on January 3, 2020. According to the tracking rating results issued by united credit on June 17, 2021, the company’s long-term credit rating is AAA, the debt credit rating of “hope convertible bond” is AAA, and the rating outlook is stable. According to the credit rating results issued by united credit on December 17, 2020, the company’s long-term credit rating is AAA, the debt credit rating of “hope to turn 2” is AAA, and the rating outlook is stable; “Hope to turn 2” was issued on November 2, 2021.
According to the performance forecast of New Hope Liuhe Co.Ltd(000876) 2021 issued by the company, the company expects to realize a net profit of – 8600 million yuan to – 960000 million yuan attributable to the shareholders of the listed company in 2021, which is converted into a net loss compared with the profit of 4944191000 yuan in the same period of the previous year. Compared with the same period last year, the company’s pig sales performance gradually decreased by 42% year-on-year (the average price of pigs in 2021). At the same time, due to the continuous rise in the price of feed raw materials, the company still has some purchased pig seedlings for fattening, and the company continues to promote the replacement and optimization of breeding pigs, the cost of pig breeding has increased significantly year-on-year, and the company’s pig breeding business has suffered a significant loss. In addition, according to the requirements of the accounting standards for business enterprises, the company has conducted an impairment test on the biological assets on hand and made an impairment provision of about 1 billion yuan. The relevant data of this performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm.
For the above matters, Lianhe credit has contacted the company and will further maintain communication, so as to comprehensively analyze and timely reflect the possible impact of the above matters on the main body of the company and the credit level of the above bonds.
It is hereby announced
United credit rating Co., Ltd. February 10, 2022
