On February 28, Shenzhen Mtc Co.Ltd(002429) ( Shenzhen Mtc Co.Ltd(002429) , Shenzhen Mtc Co.Ltd(002429) . SZ) announced that the annual attributable net profit in 2021 is expected to be 230 million yuan to 330 million yuan, a year-on-year decrease of 81% to 87%.
Shenzhen Mtc Co.Ltd(002429) said that the main reason for the change in the company’s performance was the provision for impairment of receivables of Evergrande group and its member enterprises. According to Shenzhen Mtc Co.Ltd(002429) , the company holds the commercial acceptance bills issued by Evergrande group and its member enterprises. In view of the risk that the commercial acceptance bills of Evergrande group and its member enterprises are overdue, the controlling shareholders and the company actively seek solutions and take a series of relevant measures. The controlling shareholders raise funds by reducing their shares to help the company tide over the difficulties, Minimize the impact on the company. The company has formulated and implemented solutions for the above matters. According to relevant accounting standards, it is still necessary to accrue impairment reserves for receivables during the period when the company holds relevant commercial acceptance bills.
If the implementation and settlement of the above plans are completed, it is expected that the company will not have a large amount of impairment on Evergrande in the future. At the same time, the company has strengthened risk management according to the changes of market environment. The centralized real estate purchase business no longer undertakes credit sales such as commercial acceptance bill as the payment method. At present, the business between the company and Evergrande group and its member enterprises only takes full cash advance payment as the payment method.
according to the data of the third quarterly report of Shenzhen Mtc Co.Ltd(002429) 2021, the company’s main revenue was 18.183 billion yuan, a year-on-year increase of 29.69%; The net profit attributable to the parent company was 1.577 billion yuan, a year-on-year increase of 41.83%; Deduction of non net profit was 1.379 billion yuan, a year-on-year increase of 32.44%; In the third quarter of 2024, the company’s main business income increased by 76.1% year-on-year; The net profit attributable to the parent company in a single quarter was 528 million yuan, a year-on-year increase of 6.24%; The non net profit deducted in a single quarter was 447 million yuan, a year-on-year decrease of 5.69%; The debt ratio is 52.06%, the investment income is 505167 million yuan, the financial expense is 967421 million yuan, and the gross profit margin is 13.32%.
On the same day, Shenzhen Mtc Co.Ltd(002429) disclosed in another announcement that the controlling shareholder Nanchang Zhaotou and its congruents planned to transfer 19.73% of the shares to Shenzhen capital group and its subsidiaries, with a total transfer price of 4.368 billion yuan. The controlling shareholder and actual controller of the company will be changed to Shenzhen Capital Group, and the trading of the shares will resume from March 1.
According to the data, Shenzhen Mtc Co.Ltd(002429) is a high-tech enterprise engaged in the design, R & D, production and sales of consumer electronic products. The company was founded in April 2005 with a registered capital of 4.5 billion yuan and was listed on the small and medium-sized board in June 2010. Headquartered in Longgang District, Shenzhen, the company has more than 30 subsidiaries and is distributed all over the country (Nanchang, Beijing, Wuhan, Zhejiang, Zhongshan, etc.).
