Securities code: 600510 securities abbreviation: Black Peony (Group) Co.Ltd(600510) Announcement No.: 2022-005 Black Peony (Group) Co.Ltd(600510) (Group) Co., Ltd
Stock trading risk warning announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Black Peony (Group) Co.Ltd(600510) (Group) Co., Ltd. (hereinafter referred to as “the company”) disclosed the announcement of abnormal fluctuations in stock trading on February 23, 2022 (see the company’s announcement 2022-004 for details), and the company’s shares rose again on February 23, 2022. In view of the large fluctuation of the company’s stock price recently, the relevant risks and matters of the company are described as follows. Please invest rationally and pay attention to investment risks.
1、 Secondary market transaction risk
The company’s shares rose for four consecutive trading days from February 18, 2022 to February 23, 2022, and the price fluctuated greatly in the short term. As of the closing on February 23, 2022, the company’s static P / E ratio was 15.78 times. According to the latest P / E ratio data released on the official website of China Securities Index Co., Ltd., the static P / E ratio of the company’s industry “real estate (k)” was 7.59 times. The company’s current static P / E ratio is much higher than the average level of Listed Companies in the same industry. The company recommends investors to pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.
2、 Operating performance fluctuation risk
According to the disclosed third quarter report of 2021, the company’s operating revenue in the first three quarters of 2021 was 6.909 billion yuan, a year-on-year increase of 2.64%, the net profit attributable to shareholders of listed companies was 644 million yuan, a year-on-year decrease of 9.55%, and the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 628 million yuan, a year-on-year decrease of 8.72%. 3、 The operating income of the company still mainly comes from the real estate business
According to the disclosed 2020 annual report, the company’s operating revenue in 2020 was 10.212 billion yuan, including 6.435 billion yuan in the real estate industry, accounting for 63.02%; In the first half of 2021, the company’s operating income was 5.066 billion yuan, of which the operating income of the real estate industry was 3.921 billion yuan, accounting for 77.40%. The real estate business was the main source of operating income of the company. The real estate industry is greatly affected by the national macro and industrial policies, which may pose a great challenge to the operation and development of the company’s business in this field.
4、 The fundamentals of the subsidiary Shenzhen Aite wangneng Technology Co., Ltd. have not changed significantly
Shenzhen Aite wangneng Technology Co., Ltd. (hereinafter referred to as “Aite wangneng”), the holding subsidiary of the company, had an operating revenue of 352 million yuan in the first half of 2021, accounting for 6.95% of the company’s operating revenue. The net profit in the first half of 2021 was – 24 million yuan (the above data were Unaudited). At present, the number of orders on hand has not increased significantly, and the fundamentals have not changed significantly. With the rapid influx of a large number of external funds, the competition in its industry is becoming more and more fierce.
The company recommends investors to invest rationally, carefully analyze and judge the rumors and hot spots in the market, and prevent investment risks; Relevant information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the announcement published on the designated information disclosure media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Board of directors of Black Peony (Group) Co.Ltd(600510) (Group) Co., Ltd. February 24, 2022
