Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
Securities code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) Announcement No.: 2022018 Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Announcement of abnormal fluctuations in stock trading
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Abnormal fluctuation of stock trading
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) (Securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , stock code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , hereinafter referred to as “the company” or “the company”) the stock trading price deviated from the closing price for two consecutive trading days on March 3 and March 4, 2022 by more than 20%. According to the trading rules of Shenzhen Stock Exchange and other relevant provisions, it belongs to abnormal fluctuation of stock trading.
2、 Description of concerns and verification
1. The announcement on abnormal fluctuations in stock trading issued by the company on February 28, 2022 has explained the important events and disclosures of the company since December 2021. The information disclosed by the company in the early stage does not need to be corrected or supplemented. 2. The company has not found any unpublished material information that may or has had a great impact on the trading price of the company’s shares in the recent public media reports.
3. On January 29, 2022, the company released the performance forecast for 2021 (Announcement No.: 2022008) on the designated information disclosure media, explaining the expected performance of the company in 2021 and the reasons for changes. Recently, the company’s business situation and internal and external business environment have not changed significantly.
4. The company sent a letter to the controlling shareholder Huzhou Yanrun investment management partnership (limited partnership) in accordance with the regulations, and the controlling shareholder replied in writing: there are no major matters that should be disclosed but not disclosed related to the company, and there are no major matters in the planning stage; During the abnormal fluctuation period of the company’s stock trading, the controlling shareholders and their related parties do not buy or sell the company’s shares.
5. The board of directors of the company has not been informed that the company has other information that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives.
3、 Whether there is a description of the information that should be disclosed but not disclosed
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
The board of directors of the company confirms that, except for the disclosed matters, the company has no undisclosed matters that should be disclosed according to the stock listing rules of Shenzhen Stock Exchange or planning, negotiation, intention and agreement related to the matters; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Risk tips deemed necessary by the company
If the information disclosed by the company is not fair after self inspection, 1.
2. The recent rise of the company’s share price deviates greatly from the value, and there is a risk of high valuation. As of the date of this announcement, there has been no significant change in the company’s fundamentals, and the recent increase in share price has deviated from the company’s fundamentals. According to the statistics of China Securities Index Co., Ltd., as of March 4, 2022, the latest static P / E ratio of the company’s “mining auxiliary activities” industry (Industry Code: B11) was 37.38 times, and the average static P / E ratio in the latest month was 36.69 times, while the latest P / E ratio of the company was negative, which deviated from the industry P / E ratio level. We hereby remind investors to invest rationally and pay attention to risks.
3. In the performance forecast for 2021 (Announcement No.: 2022008) issued by the company on January 29, 2022, it is estimated that the change range of net profit attributable to shareholders of Listed Companies in 2021 is profit of 7-10 million yuan, and the change range of net profit after deducting non recurring profits and losses is loss of 45-50 million yuan. At the same time, it is suggested that although the international crude oil price continued to rise in 2021, the oil service industry of the company gradually warmed up, and the workload increased significantly compared with the same period of last year, most service projects of the company’s main customers were still settled according to the price after the price reduction in 2020, and the settlement unit price of some projects was even further reduced; At the same time, the company’s fixed assets depreciation, social security expenditure (the social security exemption policy enjoyed in 2020 due to the epidemic was cancelled in 2021) and other fixed costs increased, resulting in a sharp decline in the profitability of its main business and an increase in losses in 2021, with negative deduction of non attributable net profit.
Up to now, there is no need to amend the above performance notice. The financial data disclosed in the performance notice is the preliminary calculation result of the company’s financial department. The specific financial data shall be subject to the 2021 annual report disclosed by the company. We hereby remind investors to invest rationally and pay attention to risks.
4. At present, most of the company’s business income comes from China’s oilfield technical services. Neither the company nor its subsidiaries have oil and gas production business. Except that the settlement price of oil and water well overhaul and other businesses has been restored to the normal year level since September 2021, the settlement price of other business items of the company has not been restored. Therefore, the impact of the recent rise in international oil prices on the company’s future performance is still uncertain. We hereby remind investors to invest rationally and pay attention to risks.
5. The company has disclosed many risks in its regular report, such as the risk of single industry and concentration of customers, and the industry
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
Risks of policy changes and oil price fluctuations, production safety risks, etc. At the same time, it also disclosed that the company’s overall development strategy is: strive to improve the performance of traditional oil service business, actively seek high-quality projects and reduce dependence on a single industry; Continue to ensure the investment in the main business according to the market situation, actively adopt advanced technology and improve the operation management level, so as to achieve the growth of oil service business income and profit; Optimize the capital structure and achieve sustainable growth; Through professional and efficient investment and financing management and capital operation means, integrate high-quality assets, support the long-term development of the company and continue to create value for shareholders. The board of directors of the company is committed to solving development problems, expanding new fields and cultivating new driving forces for the development of the company. In 2021, it successively registered and established the holding subsidiary neng’an intelligence, intervened in the business related to intelligent safety and environmental protection solutions, and started the work related to the acquisition of 51% equity of Huanyu Yida. However, at present, the scale of neng’an wisdom related business is small, the income and profit are few, and the future development prospect is uncertain; The work related to Huanyu Holdings has also been terminated. The investigation of potential targets and projects is still ongoing, but there is great uncertainty about their progress and impact on the company.
We hereby remind investors to invest rationally and pay attention to risks.
6. According to China News Network: since this year, due to the continuous rise of international oil prices, China’s refined oil prices have “risen for five consecutive years”. According to Zhuo Chuang information statistics, the cumulative price of gasoline and diesel increased by 1265 yuan and 1220 yuan per ton respectively, and the discount price of 92 gasoline, 95 gasoline and 0 diesel increased by 0.99 yuan, 1.05 yuan and 1.04 yuan per liter respectively. The motor equipment used in the company’s main oil service business mainly uses gasoline and diesel as the power fuel. The rise in the price of refined oil will partially increase the operating cost of the company. We hereby remind investors to invest rationally and pay attention to risks.
The company solemnly reminds investors that this announcement does not constitute any investment suggestion, and investors should not replace their independent judgment with such information or make decisions only based on such information. The information disclosure media selected by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information of the company shall be subject to the announcements and information disclosure documents published in the above media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Board of directors
March 7, 2022
