Securities code: Lawton Development Co.Ltd(600209) securities abbreviation: ST roton Announcement No.: Lin 2022026 Lawton Development Co.Ltd(600209)
Announcement on correction of annual performance forecast in 2021
The company and the directors 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 tips:
According to the corrected financial data of the performance forecast, the company’s operating income in 2021 and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance have been less than 100 million yuan, and the net profit before and after deducting the non recurring profit and loss is negative. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, the listing of the company’s shares may be terminated.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) previous performance forecast
1. According to the preliminary calculation of the company’s financial department, it is expected to realize an operating revenue of about 152 million yuan in 2021. 2. It is estimated that the operating income in 2021 after deducting the business income irrelevant to the main business and the income without commercial substance will be about 138.2 million yuan.
3. It is estimated that the net profit attributable to the shareholders of the listed company will be – 32.4 million yuan to – 42 million yuan in 2021.
4. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 34.3 million yuan to – 43.9 million yuan.
5. It is estimated that the owner’s equity attributable to the parent company will be 350 million yuan to 380 million yuan by the end of 2021. (III) corrected performance forecast
1. According to the calculation of the company, it is estimated that the operating revenue in 2021 will be about 72 million yuan.
2. It is estimated that the operating income in 2021 after deducting the business income irrelevant to the main business and the income without commercial substance will be about 66 million yuan.
3. It is estimated that the net profit attributable to the shareholders of the listed company will be – 49.5 million yuan to – 64 million yuan in 2021.
4. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 51.4 million yuan to – 65.9 million yuan.
5. It is estimated that the owner’s equity attributable to the parent company will be 330 million yuan to 360 million yuan by the end of 2021. (IV) the performance forecast of this period has not been audited by certified public accountants.
2、 Performance in the same period of last year
Net profit attributable to shareholders of listed companies: – 772941 million yuan;
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: – 858026 million yuan;
Operating income: 543874 million yuan;
The operating income after deducting the business income irrelevant to the main business and the income without commercial substance: 542365 million yuan;
Owner’s equity attributable to the parent company at the end of the period: 401165200 yuan.
3、 Main reasons for correction of performance forecast
In the process of annual review, the company consulted relevant experts on the way to recognize the income of important promotion services, and strictly compared with the relevant provisions of the accounting standards for business enterprises. The company found that the business did not meet the recognition requirements of the accounting standards for business enterprises on the main responsible person, so the relevant income was calculated according to the net method and recognized by stages within the agreed period. In this regard, there will be significant differences between the corrected financial data of the company’s performance forecast and the originally disclosed financial data such as operating income.
4、 Risk tips
(I) the performance forecast data is only the accounting data of the company, which has not been formally audited by an accounting firm. The specific and accurate financial data shall be subject to the audited annual report of 2021 officially disclosed by the company. The company has no major uncertainties affecting the accuracy of the performance forecast.
(II) the audited net profit of the company before and after deducting non recurring profit and loss in 2020 is negative, and the operating income before and after deducting is less than 100 million yuan. According to the stock listing rules of Shanghai Stock Exchange (revised in 2020) and relevant transition period arrangements, Shanghai Stock Exchange has implemented delisting risk warning for the company’s stock trading on March 22, 2021.
According to the corrected financial data of the performance forecast, the company’s operating income and operating income after deducting the business income irrelevant to the main business and the income without commercial substance have been less than 100 million yuan, and the net profit before and after deducting the non recurring profit and loss is negative. If the audited net profit before and after deducting the non recurring profit and loss in 2021 is negative, and the operating income before and after deducting the non recurring profit and loss is less than 100 million yuan, According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, the listing of the company’s shares may be terminated.
(III) if the company’s 2021 annual report indicates that the company has the circumstances listed in article 9.3.11 of the stock listing rules of Shanghai Stock Exchange (revised in 2022), the company’s shares will be subject to the risk of termination of listing and trading by Shanghai Stock Exchange.
As the accounting firm has not yet commented on the company’s annual report, the company will continue to promote relevant work, timely fulfill the obligation of information disclosure, and remind investors to pay attention to relevant investment risks.
5、 Other explanatory matters
The above forecast data is only the accounting data of the company, and the specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to investment risks and invest cautiously.
6、 Board Apology Statement
The board of directors of the company sincerely apologizes for the impact of the difference in the performance forecast on investors. The board of directors will urge the company’s management and financial department to strengthen communication with the company’s audit institutions, improve the scientificity and accuracy of performance forecast and avoid the recurrence of such events.
It is hereby announced.
Lawton Development Co.Ltd(600209) board of directors April 15, 2022
