Eurocrane (China) Co.Ltd(603966) : announcement of performance increase in the first quarter of 2022

Securities code: Eurocrane (China) Co.Ltd(603966) securities abbreviation: Eurocrane (China) Co.Ltd(603966) Announcement No.: 2022005 bond Code: 113598 bond abbreviation: flange convertible bond

Eurocrane (China) Co.Ltd(603966)

Announcement of performance increase in the first quarter of 2022

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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

1. The company's net profit attributable to listed shareholders in the first quarter of 2022 is expected to be 20.56 million yuan to 21.93 million yuan, an increase of 50% to 60% year-on-year.

2. In the first quarter of 2022, the company's net profit after deducting non recurring profits and losses attributable to listed shareholders is expected to be 13.14 million yuan to 14.19 million yuan, with a year-on-year increase of 25% - 35%.

1、 Performance forecast of the current period

(I) performance forecast period

January 1, 2022 to March 31, 2022.

(II) performance forecast

1. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company in the first quarter of 2022 is expected to increase by 6.85 million yuan to 8.23 million yuan, an increase of 50% to 60% year-on-year, compared with the same period of the previous year (legally disclosed data).

2. It is estimated that in the first quarter of 2022, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will increase by 2.63 million yuan to 3.68 million yuan, an increase of 25% to 35% year-on-year, compared with the same period of the previous year (legally disclosed data).

(III) the performance forecast of the company has not been audited by certified public accountants

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of listed companies: the net profit attributable to shareholders of Listed Companies in the first quarter of 2021 was 137086 million yuan, and the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 105117 million yuan.

(II) earnings per share: 0.05 yuan (after the equity distribution in 2020 is implemented by adding 4 shares for every 10 shares, the comparative statements shall be calculated and adjusted retroactively)

3、 Main reasons for performance increase in the current period

(I) impact of main business: during the reporting period, the company maintained a good development trend of sustained and stable growth. In recent years, various strategic layouts have been gradually implemented, the results have begun to show, and the orders on hand have continued to grow. The revenue of the core material handling equipment and service business segment increased by about 40% compared with the same period last year.

During the reporting period, the orders of the company's high-end automation and intelligent crane projects increased rapidly, driving the continuous optimization of the company's product structure. The successful application of automation and intelligent solutions has become the engine of the company's innovation driven high-quality development.

During the reporting period, based on the advantages of brand and technology, the company began to build Eurocrane (China) Co.Ltd(603966) material handling equipment Industrial Park in Anhui to further expand production capacity, improve production efficiency and optimize product cost performance, in order to obtain the rapid increase of the company's market share in the standardized crane market.

With the continuous rise of the company's inventory of material handling equipment and the increase of downstream customers' demand for services, the service market space of the whole life cycle is gradually expanded. At the same time, the company actively promotes technological innovation and lean management, focuses on improving project delivery efficiency and capital turnover efficiency, and improves the return on assets.

(II) impact of non recurring profit and loss: during the reporting period, the impact of non recurring profit and loss on net profit increased by about 4 million yuan year-on-year, mainly due to the receipt of government subsidies.

4、 Risk tips

The company has no major uncertainty factors that may affect the accuracy of the performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data and have not been audited by an accounting firm. The specific and accurate financial data are subject to the first quarter report of 2022 officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Board of directors

- Advertisment -