Securities code: Niutech Environment Technology Corporation(688309) securities abbreviation: Niutech Environment Technology Corporation(688309) Announcement No.: 2022006 Niutech Environment Technology Corporation(688309)
Warning on the risk that the company’s shares may be delisted
Second suggestive 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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Niutech Environment Technology Corporation(688309) (hereinafter referred to as “the company”) expects to realize the net profit attributable to the shareholders of the listed company before and after deducting non recurring profits and losses, whichever is lower, in 2021, and it is expected that after deducting the business income unrelated to the main business, the operating income will be less than RMB 100 million in 2021. According to the relevant provisions of the Listing Rules of science and Innovation Board of Shanghai Stock Exchange, The company’s shares may be subject to delisting risk warning after the disclosure of the 2021 annual report. The relevant risks are as follows:
1、 According to the preliminary calculation of the financial department of the company, the net profit attributable to the shareholders of the listed company in 2021 is expected to be -9.6594 million yuan, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is expected to be -214999 million yuan, and the operating income of the company in 2021 is expected to be 845659 million yuan.
The decline of the company’s performance in 2021 is mainly affected by the decline of operating revenue, credit impairment loss and contract asset impairment loss.
Due to covid-19 epidemic outside China and changes in the situation of potential customers, the amount of new orders signed by the company in 2020 is small, which directly affects the amount of revenue recognition in 2021; In 2021, the implementation of individual projects was suspended or suspended due to government approval and other reasons, and affected by covid-19 epidemic and other factors outside China, the implementation progress of some orders in hand of the company was less than expected; The signing progress of some orders of the company in 2021 was delayed than expected, so that the revenue recognition amount of newly signed orders in 2021 was lower than expected.
Due to the early arrears of some projects not recovered in time, the company has accrued the credit impairment loss of accounts receivable and notes receivable according to the accounting policy; As some projects have not been settled, resulting in large contract assets, the company has accrued the impairment loss of contract assets according to accounting policies, reducing the company’s net profit.
However, the above situation is only the influencing factor of short-term performance, and there is no material adverse change in the business basis such as relevant policies, market environment and core competitiveness of the company’s industry. Up to now, the execution of other orders in hand that have entered the implementation stage of the company is basically normal, the reserves of customers outside China are good, and the promotion of potential orders is relatively smooth. In 2021, the company signed 10 new contracts with a contract amount of 190.1 million yuan (including tax). Compared with 2020, the number of contracts increased by 400.00% and the contract amount increased by 540.93%. As of December 31, 2021, the amount of orders on hand that the company has not recognized revenue is about 208698700 yuan (including tax). For the analysis of the main reasons for the decline of the company’s performance, see the relevant contents of Niutech Environment Technology Corporation(688309) 2021 annual performance pre loss announcement (Announcement No.: 2022001) disclosed by the company on the website of Shanghai Stock Exchange on January 22, 2022.
2、 According to the Listing Rules of Shanghai Stock Exchange’s Kechuang board, if the audited net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million (“net profit” shall be subject to the lower of deducting non recurring profits and losses, “operating income” shall be deducted from the business income irrelevant to the main business and the income without commercial substance), The company’s shares will be subject to delisting risk warning after the disclosure of the 2021 annual report (preceded by ST in the abbreviation of the company’s shares).
3、 At present, the scheduled disclosure date of the company’s 2021 annual report is April 27, 2022. The audit of the company’s 2021 annual report is in progress. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company.
The information disclosure media and websites designated by the company are Shanghai Securities News, Securities Daily, securities times, China Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company shall be subject to the information disclosed by the above designated media and websites. On January 22, 2022, the company disclosed the first suggestive announcement on the possible delisting risk warning of the company’s shares on the website of Shanghai Stock Exchange (Announcement No.: 2022002) and the announcement on the advance loss of Niutech Environment Technology Corporation(688309) 2021 annual performance (Announcement No.: 2022001) on the same day. Please pay attention to investment risks and make investment judgments and decisions carefully, objectively and rationally.
It is hereby announced.
Niutech Environment Technology Corporation(688309) board of directors April 2, 2022
