Securities code: Suzhou Harmontronics Automation Technology Co.Ltd(688022) securities abbreviation: Suzhou Harmontronics Automation Technology Co.Ltd(688022) Announcement No.: 2022009 Suzhou Harmontronics Automation Technology Co.Ltd(688022)
2021 annual performance forecast correction 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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) previous performance forecast
Suzhou Harmontronics Automation Technology Co.Ltd(688022) (hereinafter referred to as “the company”) disclosed the annual performance forecast for 2021 (Announcement No.: 2022004) on January 28, 2022. It is estimated that the net profit attributable to the owners of the parent company in 2021 will be 75.5 million yuan to 92 million yuan, an increase of 313516 million yuan to 478516 million yuan compared with the same period of last year (statutory disclosure data), The year-on-year increase was 71.01% to 108.39%. It is estimated that in 2021, the net profit attributable to the owner of the parent company after deducting non recurring profits and losses will be 33.5 million yuan to 45 million yuan, an increase of 181900 yuan to 116819 million yuan, a year-on-year increase of 0.55% to 35.06%, compared with the same period of the previous year (legally disclosed data).
(III) corrected performance forecast
According to the re calculation of the financial department, the net profit attributable to the owners of the parent company is expected to be 666631 million yuan in 2021, an increase of 51% compared with the same period of last year (legally disclosed data). It is estimated that in 2021, the net profit attributable to the owner of the parent company after deducting non recurring profits and losses will be 310946 million yuan, a decrease of 6.67% compared with the same period of last year (statutory disclosure data).
(III) this performance forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
The company’s net profit attributable to the owner of the parent company in the same period of last year was 441484 million yuan, and the net profit attributable to the owner of the parent company after deducting non recurring profits and losses was 333181 million yuan.
3、 Main reasons for correction of performance forecast
As the company filed a lawsuit against Jiangxi batwei New Energy Technology Co., Ltd. (hereinafter referred to as “the defendant” or “batwei”) on the overdue accounts receivable, the company accrued a bad debt provision of RMB 6.0738 million in the early stage based on the feasibility of the settlement plan proposed by the defendant and the judgment on the signing date of the settlement agreement. As of the disclosure date of this announcement, the settlement plan is still under negotiation, Following the principle of prudence, the financial department increased the amount of bad debt provision for batway’s accounts receivable from 6.0738 million yuan to 142215 million yuan as of December 31, 2021. This adjustment resulted in a decrease of 8.1477 million yuan in total profit; At the same time, the financial department further checks the inventory and other assets that may have impairment risk, evaluates the impairment risk individually and confirms the bad debt provision.
4、 Risk tips
The lawsuit filed by the company against batway has not yet been heard. If the credit status and repayment ability of the debtor deteriorate or the company’s litigation claims cannot be fully supported, the company will face the risk of further withdrawing bad debts from the remaining receivables, which will have an adverse impact on the company’s later profits.
In addition to the above risks, the company has not found any other major uncertain factors affecting the accuracy of the performance forecast.
5、 Other relevant instructions
The above corrected forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
6、 The board of directors apologized and identified the relevant responsible person
The board of directors of the company sincerely apologizes for the impact of the difference in the performance forecast on investors. The board of directors will urge the management and relevant departments to strengthen communication with the annual audit certified public accountants, adhere to the principle of prudence, ensure the scientificity and accuracy of the performance forecast, and avoid such matters from happening again.
It is hereby announced.
Suzhou Harmontronics Automation Technology Co.Ltd(688022) board of directors February 28, 2022
