Securities code: Shenzhen Mtc Co.Ltd(002429) securities abbreviation: Shenzhen Mtc Co.Ltd(002429) Announcement No.: 2022006 Shenzhen Mtc Co.Ltd(002429)
2021 annual performance forecast
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Expected performance of the current period
1. Performance forecast period: January 1, 2021 to December 31, 2021
2. Expected performance:
\uf0f0 loss \uf0f0 turning loss into profit \uf0f0 rising in the same direction \uf0d6 falling in the same direction \uf0f0 others
The current reporting period of the project is the same period of last year
Attributable to listed companies decreased by 87% to 81% over the same period last year
Net profit of shareholders: 1763390400 yuan, profit of 230 million yuan to 330 million yuan
Net profit after deducting non recurring loss profit of 10 million yuan to 100 million yuan: net profit of 1632986100 yuan
Basic earnings per share: 0.05 yuan / share to 0.07 yuan / share; earnings per share: 0.39 yuan / share
2、 Communication with accounting firms
The relevant data of this performance forecast has not been audited by an accounting firm. The company has made pre communication with the accounting firm audited in the annual report on the performance forecast, and there is no difference between the company and the annual audit accounting firm on the performance forecast of the current period.
3、 Explanation of performance change reasons
The main reason for the change of the company’s performance is the provision for impairment of receivables of Evergrande group and its member enterprises. 1. In recent years, the company’s main business has continued to grow steadily, not only leading the industry in the field of traditional LCD TV ODM, but also gradually expanding into a service provider of all-round software and hardware integration solutions in the field of smart display.
In 2020, the company achieved an operating revenue of 20.186 billion yuan, breaking the 20 billion mark for the first time. In the first three quarters of 2021, the company’s operating revenue was 18.182 billion yuan, an increase of 29.69% year-on-year. It is expected that the whole year of 2021 will continue to maintain stable growth; At the same time, the company’s profitability has also been enhanced simultaneously. In 2020, the net profit attributable to the shareholders of listed companies was 1.763 billion yuan, with a three-year compound growth rate of 43.00%. In 2021, in addition to the recovery of notes receivable, accounts receivable and other creditor’s rights receivable related to Evergrande group and its member enterprises, the company’s main business maintained strong profitability.
2. The company holds commercial acceptance bills issued by Evergrande group and its member enterprises. In view of the risk of overdue payment of commercial acceptance bills of Evergrande group and its member enterprises, 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 of the company are completed, it is expected that the company will not have a large amount of impairment provision for 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.
3. In the future, the company will continue to focus on the development of its main business. On the one hand, it will consolidate the industry position of the company’s smart display and smart home networking ODM business, gradually expand its market share, continue to extend to new display fields such as office, business, education and medical treatment, and build an industrial cluster of smart display industry; On the other hand, the LED industry chain is the strategic focus of the company’s industrial expansion. With the continuous development of mini LED display technology, the capacity demand of mini LED will grow explosively in the future, P1 Products with a spacing of more than 0 will gradually enter the mature stage, compared with P0.05 X has huge market potential, mini LED has become the main technical direction, and the development of mini / micro LED industry is full of more challenges and possibilities. Based on LED chips, the company further expanded packaging and manufacturing. With years of technology precipitation and product development, the company not only has a place in the promotion of mini led micro spacing display technology, but also has made a comprehensive layout in terms of miniled backlight technology, product scheme, supply chain support and application market. Through cooperation with BOE, Skyworth, Konka, TCL, Samsung, TPV With the close cooperation of sharp and other international well-known manufacturers, we have gradually obtained orders and shipped them one after another. The company will give full play to the vertical integration advantages of the upstream and downstream of the industrial chain, continuously improve the performance contribution of the LED industrial chain to the company, realize the two wheel drive of intelligent display with the core business sector, and promote the all-round development of the main business.
4、 Other relevant instructions
1. This performance forecast is calculated by the company based on the current debt default and risk of Evergrande group and its member enterprises, and has not been audited by an accounting firm. The specific financial data of 2021 will be disclosed in detail in the company’s 2021 annual report.
2. According to the changes of market environment, the company has strengthened risk management. At present, it only undertakes the relevant business of full cash advance payment of Evergrande group and its member enterprises.
3. The company’s operation is stable and its capital is in good condition. In addition to the above, other businesses have maintained steady development. In the future, with the purpose of steady development, the company will focus on the three business sectors of smart display, smart home networking and led whole industry chain, continue to increase R & D investment and scientific and technological innovation, give full play to the advantages of fine management and integration of industrialization and industrialization in smart display and smart home networking, and improve market share; At the same time, we will fully support the development of the LED industry chain, maximize the synergy advantage, stabilize the new growth point of the company’s performance, and continuously improve the company’s comprehensive competitiveness. It is hereby announced.
Shenzhen Mtc Co.Ltd(002429) board of directors
March 1, 2002
