Tahoe Group Co.Ltd(000732) revised performance in 2021 from pre profit to maximum loss of 4.6 billion yuan

Today (April 22), Tahoe Group Co.Ltd(000732) ( Tahoe Group Co.Ltd(000732) . SZ) released the revised announcement of 2021 annual performance forecast.

The announcement said that the performance expectation of 2021 was significantly revised down, with an advance loss of 3.5 billion-4.6 billion yuan and a previous advance profit of 101 million-132 million yuan.

The reason given by Taihe is that in combination with the current market situation of the real estate industry and the relevant impact of the continuous epidemic, the assets with signs of impairment as of December 31, 2021 have been reassessed, and the company has made supplementary provision for the impairment loss of relevant assets; According to the latest progress of debt restructuring, the financing cost is reassessed, and the amount of financial expenses is higher than the performance forecast; The corresponding estimated liabilities are accrued according to the latest litigation progress after the disclosure of the performance forecast; The estimated value-added of investment real estate appraisal is less than the appraisal result.

According to the announcement, in Tahoe Group Co.Ltd(000732) 2019, the net profit attributable to the shareholders of the listed company was 466 million yuan, and the net profit after deducting non recurring profits and losses was -402 million yuan; In 2020, the net profit attributable to shareholders of listed companies was -4.999 billion yuan, and the net profit after deducting non recurring profits and losses was -4.456 billion yuan. As of the disclosure date of this announcement, the company expects that the net profit in 2021 is still negative, which may be subject to other risk warnings by Shenzhen Stock Exchange.

As of today's close, Tahoe Group Co.Ltd(000732) shares were at 2.49 yuan / share, down 0.8%, with a total market value of 6.197 billion yuan.

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