Red Star capital Bureau reported on April 23 that Tahoe Group Co.Ltd(000732) Tahoe Group Co.Ltd(000732) .sz issued an announcement on the evening of April 22 to revise the performance forecast for 2021. After correction, the company expects a loss of 3.5 billion yuan to 4.6 billion yuan in 2021. The 2021 performance forecast released in January this year showed a profit of 100 million yuan to 130 million yuan.
Red Star capital Bureau noted that since the net profit of the company has been negative since 2019, according to the regulations, the company faces the risk of being St.
performance from 100 million pre profit to 4.6 billion maximum loss
On January 29 this year, Tahoe Group Co.Ltd(000732) disclosed the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be RMB 100 million to RMB 130 million, and the net profit after deducting non recurring profits and losses will be RMB 370 million to RMB 480 million.
In less than three months, Tahoe Group Co.Ltd(000732) staged a “big face change” in performance. On the evening of April 22, it released the performance announcement of 2021 annual performance forecast. It is expected that the net profit loss attributable to the shareholders of the listed company will be 3.5-4.6 billion yuan, and the net profit loss after deducting non recurring profits and losses will be 3.6-4.8 billion yuan.
Tahoe Group Co.Ltd(000732) said that the revision of the performance forecast had been communicated with the annual audit accounting firm, and there was no difference between the two sides.
As for the reasons for the “big face change” in the performance forecast, Tahoe Group Co.Ltd(000732) pointed out: first, the company reassessed the assets with signs of impairment as of December 31, 2021 in combination with the current market situation of the real estate industry and the relevant impact of the continuous epidemic, and the company added the impairment loss of relevant assets. Second, the company reassessed the financing cost according to the latest progress of debt restructuring, and the amount of financial expenses is higher than the performance forecast. Third, the company has accrued the corresponding estimated liabilities according to the latest litigation progress after the disclosure of the performance forecast. Fourth, the estimated value-added of the company’s investment real estate is less than the evaluation result.
chairman is assisting in the investigation
Tahoe Group Co.Ltd(000732) pointed out that other risk warnings may be implemented by Shenzhen Stock Exchange.
In 2019, Tahoe Group Co.Ltd(000732) realized a net profit attributable to the shareholders of the listed company of 470 million yuan and a net profit of – 400 million yuan after deducting non recurring profits and losses; In 2020, the net profit attributable to shareholders of listed companies was – 5 billion yuan, and the net profit after deducting non recurring profits and losses was – 4.46 billion yuan; It is expected that the net profit in 2021 will remain negative. According to relevant regulations of Shenzhen Stock Exchange, Tahoe Group Co.Ltd(000732) has the risk of being St.
In addition to the decline in performance in recent years, Tahoe Group Co.Ltd(000732) also issued an open letter through its official website on March 16 this year, pointing out that Huang Qisen, chairman and general manager of the company, is assisting relevant authorities in the investigation. Therefore, Tahoe Group Co.Ltd(000732) also started the emergency plan, and the co presidents Ge Yong and Wang Jinggang normally presided over the production and operation of the company. At the same time, in the open letter, Tahoe Group Co.Ltd(000732) also admitted that Tahoe Group Co.Ltd(000732) encountered difficulties due to liquidity problems in the first half of 2020 due to superimposed factors such as the epidemic situation.
On April 23, Tahoe Group Co.Ltd(000732) announced that it had recently received a letter from the controlling shareholder Taihe Investment Group Co., Ltd. and learned that some shares of the company held by Taihe investment had recently been enforced by the judiciary, resulting in a passive reduction of 112 million shares of the company.
