Securities code: Zhejiang Yuejian Intelligent Equipment Co.Ltd(603095) securities abbreviation: Zhejiang Yuejian Intelligent Equipment Co.Ltd(603095) Announcement No.: 2022005 Zhejiang Yuejian Intelligent Equipment Co.Ltd(603095)
2021 annual performance forecast correction announcement
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.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) previous performance forecast
On January 26, 2022, the company disclosed the announcement on the advance increase of annual performance in 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will increase by 1014534 million yuan to 1214534 million yuan compared with the same period of the previous year, with a year-on-year increase of 82.12% to 98.31%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will increase by 1031864 million yuan to 1231864 million yuan, a year-on-year increase of 113.62% to 135.65%.
(III) corrected performance forecast
According to the re calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to increase by 186453400 yuan to 216453400 yuan compared with the same period of the previous year, with a year-on-year increase of 150.92% to 175.20%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will increase by 1031864 million yuan to 1231864 million yuan, a year-on-year increase of 113.62% to 135.65%.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 1235466 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 908136 million yuan
(II) earnings per share: 1.02 yuan.
3、 Main reasons for correction of performance forecast
The correction of this performance forecast is caused by the accounting treatment of demolition compensation adjusted by the company’s financial department, resulting in non recurring profit and loss changes. Due to the construction of Asian Games venues, the demolition of houses and land involved by the company was completed in 2021, and a total of 179 million yuan of demolition compensation was received.
Based on the reason that the above demolished land was used for the construction of Asian Games venues, the company identified the demolition as having the nature of public interest. The compensation received from the local street demolition office was subject to the following accounting treatment in accordance with the interpretation of accounting standards for Business Enterprises No. 3: the government relocation compensation received was included in the “special accounts payable”. Among them, if the company compensates for the loss of fixed assets and intangible assets, relevant expenses, shutdown losses and newly-built assets after relocation, it shall be transferred from “special accounts payable” to “deferred income” and accounted in accordance with the accounting standards for Business Enterprises No. 16 – government subsidies. If there is any balance of the relocation compensation obtained by the enterprise after deducting the amount transferred into “deferred income”, it will be treated as “capital reserve”.
Recently, in the annual report audit, the company communicated with the accountant and found that the company did not fully understand the expression of “receiving the relocation compensation directly allocated by the government from the financial budget” in the interpretation of accounting standards for Business Enterprises No. 3. The compensation received by the company from the local street demolition office was not directly allocated from the financial budget and did not apply to the interpretation of accounting standards for Business Enterprises No. 3. Therefore, the company adjusted the accounting treatment of the demolition payment, and took the amount of the demolition compensation obtained after deducting the book value of the real estate assets and relevant taxes as the asset disposal income of 1089041 million yuan (including tax), which was included in the current profit and loss, and then increased the company’s annual net profit in 2021. This adjustment does not affect the company’s prediction of the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses.
4、 Risk tips
The company has no major uncertain factors affecting the accuracy of this performance forecast.
5、 Other relevant instructions
The above corrected forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
6、 The board of directors apologized and identified the relevant responsible person
The board of directors of the company sincerely apologizes to the investors for the inconvenience caused by the difference in the performance forecast. The board of directors will urge the financial departments of the company and its subsidiaries to strengthen business training, improve relevant professional ability, ensure the accuracy of performance forecast, and criticize and educate the relevant responsible persons. At the same time, the company will also improve the quality of information disclosure in strict accordance with the Shanghai Stock Exchange Stock Listing Rules and other laws and regulations to avoid the recurrence of similar situations.
It is hereby announced.
Zhejiang Yuejian Intelligent Equipment Co.Ltd(603095) board of directors April 2, 2022
