Shandong Longquan Pipeline Engineering Co.Ltd(002671) : performance forecast for 2021

Securities code: 002671 securities abbreviation: Shandong Longquan Pipeline Engineering Co.Ltd(002671) Announcement No.: 2022-005

Shandong Longquan Pipeline Engineering Co.Ltd(002671)

Performance forecast for 2021

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、 Expected performance of the current period

1. Performance forecast period: January 1, 2021 to December 31, 2021

2. Expected performance: □ loss ■ turning loss into profit □ rising in the same direction □ falling in the same direction

Performance forecast:

The same period of last year from January 1, 2021 to December 31, 2021

Profit attributable to shareholders of listed companies: 16 million yuan - 22 million yuan, loss: 90.051 million yuan

Net profit of

Loss after deducting non recurring profit and loss: 34 million yuan - 22 million yuan loss: 95.962 million yuan

Net profit of

The operating income is 130 million yuan - 140 million yuan and 836.7715 million yuan

After deduction, the operating income is 1260 million yuan - 1380 million yuan and 828.5402 million yuan

Basic earnings per share: 0.03 yuan / share - 0.04 yuan / share loss: 0.18 yuan / share

Note: operating income after deduction refers to the operating income after deducting the business income irrelevant to the main business and the income without commercial substance. Therefore, the income deducted by the company in 2021 is mainly the income from sales of materials unrelated to the main business.

2、 Performance forecast and pre audit

The performance forecast has not been pre audited by certified public accountants.

3、 Explanation of performance change reasons

The main reasons for performance changes are:

Affected by the epidemic situation in the same period of last year, there were few orders executed; During the reporting period, the orders of PCCP and other concrete pipeline business and metal pipe fittings business were well executed, and the operating revenue increased significantly compared with the same period of last year.

During the reporting period, it is estimated that the net profit affected by non recurring profits and losses is about 44 million yuan to 50 million yuan, which is mainly caused by the reversal of impairment reserves of receivables for disposal of equity of subsidiaries and independent impairment test.

4、 Other relevant instructions

This performance forecast is the preliminary calculation result of the company's financial department, which has not been audited by certified public accountants. The specific financial data shall be subject to the 2021 annual report disclosed by the company. Investors are kindly requested to make prudent decisions and pay attention to investment risks.

It is hereby announced.

Shandong Longquan Pipeline Engineering Co.Ltd(002671)

Board of directors

January 14, 2022

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