Securities code: Zhejiang Busen Garments Co.Ltd(002569) securities abbreviation: St BUSEN Announcement No.: 2022029 Zhejiang Busen Garments Co.Ltd(002569)
Announcement on abnormal fluctuations in stock trading
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Introduction to abnormal fluctuations in stock trading
Zhejiang Busen Garments Co.Ltd(002569) (hereinafter referred to as “the company” or “the company”) (Securities abbreviation: St BUSEN, securities code: Zhejiang Busen Garments Co.Ltd(002569) ) within three consecutive trading days (April 27, 28 and 29, 2022), the closing price has decreased by 12.76%. According to the relevant provisions of the stock trading rules of Shenzhen Stock Exchange, it belongs to the situation of abnormal fluctuation in stock trading.
2、 Description of the company’s concern and verification
In view of the abnormal fluctuation of the company’s stock trading, the company has checked the relevant matters, and the relevant verification is explained as follows:
1. The information disclosed by the company in the early stage does not need to be corrected or supplemented at present;
2. The company has not found any unpublished material information that may or has had a great impact on the stock trading price of the company reported by the public media recently;
3. The current operation of the company is normal, and there is no significant change in the internal and external business environment; 4. Upon inquiry from the management, controlling shareholders and actual controllers of the company, there are no major matters that should be disclosed but not disclosed by the company or are in the planning stage;
5. The controlling shareholder and actual controller of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading;
6. On April 29, 2022, the company disclosed the full text of the 2021 annual report and the announcement on the continued implementation of other risk warnings for the company’s shares on the designated information disclosure website cninfo.com. 3、 Whether there is a description of the information that should be disclosed but not disclosed
After further verification, the board of directors of the company confirmed that the company has no undisclosed matters that should be disclosed in accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange or the planning, negotiation, intention and agreement related to the matters, and the board of directors has not learned that the company has undisclosed matters that should be disclosed in accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange Information that has a great impact on the company’s stock price; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Risk tips deemed necessary by listed companies
1. The company has not violated the fair disclosure of information through self-examination;
2. The company disclosed the 2021 annual report and other announcements on April 29, 2022. The company achieved an operating revenue of 2790121 million yuan, a year-on-year increase of 9.54%, a total profit of 31.922 million yuan, a year-on-year increase of 120.64%, and a net profit attributable to the owner of the parent company of 325567 million yuan, a year-on-year increase of 121.22%. At the end of the year, the total assets of the company were 382518700 yuan, a year-on-year decrease of 2.08%, including current assets of 2508032 million yuan, a year-on-year increase of 21.83%, and non current assets of 1317155 million yuan, a year-on-year decrease of 28.72%. Total liabilities amounted to 1315988 million yuan, a year-on-year decrease of 32.13%. The net cash flow from operating activities was -318522 million yuan, a year-on-year decrease of 156.11%;
3. Due to the company’s situation that “the lower of the net profit before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue to operate”, according to the relevant provisions of the stock Listing Rules of Shenzhen Stock Exchange, the company’s shares will continue to be subject to other risk warnings from the opening of the market on Friday, April 29, 2022;
4. The designated information disclosure media of the company are securities times, Securities Daily, China Securities News and cninfo（ http://www.cn.info.com.cn. ）, all information of the company is subject to the information disclosed in the above designated media and websites. Please pay attention to the investment risks.
It is hereby announced.
Zhejiang Busen Garments Co.Ltd(002569) board of directors April 29, 2022
