Stock Code: 000301 stock abbreviation: Jiangsu Eastern Shenghong Co.Ltd(000301) Announcement No.: 2022-005
Bond Code: 127030 bond abbreviation: Shenghong convertible bond
Bond Code: 114578 bond abbreviation: 19 Shenghong G1
Jiangsu Eastern Shenghong Co.Ltd(000301)
Performance forecast for 2021
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 operating performance: loss turning loss into profit √ rising in the same direction falling in the same direction
The current reporting period of the project is the same period of last year
After retroactive adjustment and before retroactive adjustment
Profit attributable to shares of listed companies: 4100 million yuan – 500 million yuan profit:
Compared with the same period of last year (after retroactive adjustment), the net profit of Dongdong increased by 766356113630.84435.00% – 552.44%
Basic earnings per share: 0.85 yuan / share – 1.03 yuan / share earnings: 0.17 yuan / share earnings: 0.07 yuan / share
Note: during the reporting period, the company issued shares and paid cash to purchase 100% equity of Jiangsu Sibang Petrochemical Co., Ltd. (hereinafter referred to as “Sibang”) and raised supporting funds and related party transactions, of which 85.46% equity controlled by the actual controller was obtained by issuing shares and 14.54% equity held by minority shareholders was obtained by paying cash. By the end of the reporting period, 100% equity of sierbang had been transferred to the company and the industrial and commercial change registration procedures had been completed. According to the relevant provisions of the accounting standards for business enterprises, Sri Lanka was officially included in the scope of the company’s consolidated statements in this period, and the company made retroactive adjustment to the relevant financial statement data.
2、 Performance forecast and pre audit
The relevant financial data involved in this performance forecast have not been pre audited by certified public accountants.
3、 Explanation of performance change reasons
1. Since the performance of the industry and the company in the same period last year was greatly affected by the covid-19 epidemic, starting from the end of 2020, with the large-scale delivery of covid-19 vaccine and the expectation of epidemic prevention and control, it boosted confidence in the economic and industrial recovery outside China.
2. During the reporting period, the demand of the chemical industry recovered, superimposed on the upward impact of crude oil price, the industry entered a recovery cycle and the prosperity increased.
3. During the reporting period, the company further improved its production and operation and maintained good profitability. The production capacity of EVA photovoltaic resin produced by sierbang was stable at more than 200000 tons / year. The 200000 tons / year differential functional chemical fiber project of ganghong fiber and the 60000 tons / year pet regenerated fiber project of China perch technology were completed and put into operation in the second half of 2020, increasing the profit contribution year-on-year.
4. According to the relevant provisions of the accounting standards for business enterprises, the current net profits and losses of subsidiaries arising from business combinations under the same control from the beginning of the period to the merger date belong to non recurring profits and losses. Due to the merger of sipang under the same control, the company is expected to increase the non recurring profit and loss attributable to the shareholders of the listed company by RMB 2.7 billion-3.4 billion in the reporting period.
4、 Other relevant instructions
1. This performance forecast is the result of the preliminary forecast of the company’s financial department. The specific data of operating performance in 2021 shall be subject to the 2021 annual report disclosed by the company.
2. All information publicly disclosed by the company shall be disclosed in the designated information disclosure media such as securities times, China Securities Journal, Shanghai Securities News, securities daily and cninfo.com（ http://www.cn.info.com..cn. ）The published information shall prevail. Please invest rationally and pay attention to risks.
It is hereby announced.
Jiangsu Eastern Shenghong Co.Ltd(000301) board of directors
January 6, 2022
