Xueda (Xiamen) Education Technology Group Co.Ltd(000526) : performance forecast for 2021

Securities code: 000526 securities abbreviation: Xueda (Xiamen) Education Technology Group Co.Ltd(000526) Announcement No.: 2022-002 XueDa (Xiamen) Education Technology Group Co., Ltd

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

(I) performance forecast period: January 1, 2021 to December 31, 2021

(II) performance forecast: √ expected net profit is negative

The current reporting period of the project is the same period of last year

Loss attributable to shares of listed companies: 590 million yuan – 480 million yuan

East’s net profit: 43.6877 million yuan

Year on year decrease: 1450% – 1199%

Deducting non recurring profit and loss: 600 million yuan – 490 million yuan

Net profit loss after: 80.4353 million yuan

Year on year decrease: 646% – 509%

Basic earnings per share loss: 5.1678 yuan / share -4.2043 yuan / share profit: 0.4542 yuan / share

Operating income: 2480 million yuan – 2580 million yuan 2429882900 yuan

After deduction, the operating income is RMB 2470 million – RMB 2570 million, and RMB 242.2711 million

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.

2、 Communication with accounting firms

The company has pre communicated with the accounting firm on matters related to the performance forecast, and there is no difference between the two sides. The performance forecast has not been pre audited by an accounting firm, and the final result shall be subject to the audit results of the company’s annual audit organization in 2021.

3、 Explanation of performance change reasons

1. On July 24, 2021, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on further reducing the homework burden and after-school training burden of students in the stage of compulsory education. Since then, the competent education departments and local governments have successively issued relevant management policies (above collectively referred to as “double reduction policies”), and the company firmly supports the decision-making and deployment of the CPC Central Committee and the State Council, Deeply understand the significance of “double reduction”, strictly implement relevant regulations and requirements, operate in accordance with laws and regulations, adjust the existing business strategy and business structure in combination with the actual situation in the reporting period, and reduce the performance in the reporting period.

2. When the company acquired 100% equity of Xueda (Xiamen) Education Technology Group Co.Ltd(000526) group and Beijing XueDa Information Technology Group Co., Ltd. in May 2016, the difference between the merger cost and the fair value of the identifiable net assets of the combined party formed a goodwill of RMB 1526773300 in the company’s consolidated statements. Affected by the “double reduction policy”, based on the current operating conditions and the analysis and prediction of future operating conditions, and in accordance with the relevant provisions of enterprise regulatory risk tips No. 8 – goodwill impairment, accounting standards for business enterprises and the company’s accounting policies, and in accordance with the principle of prudence, The company preliminarily judged that the provision for goodwill impairment in the reporting period was RMB 45 million (the actual amount should be determined after evaluation and audit by the evaluation institution and audit institution), which reduced the performance in the reporting period.

4、 Other relevant instructions

1. The company deeply understands the significance of the “double reduction policy”, strictly abides by education laws, regulations and policies, pays close attention to the changes of the industry situation, takes prudent investment and steady development as the purpose, and ensures legal and compliant operation. During the reporting period, the company began to focus on enriching vocational education, quality, science and technology and other education and training products, and actively explore and expand new business growth points, To enhance the company’s sustainable operation ability and core competitiveness.

2. The relevant data of this performance forecast are only the preliminary accounting results of the company’s financial department, and the final results shall be subject to the 2021 annual report disclosed by the company. Please pay attention to the investment risks.

3. The information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN.). The company will make timely information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations.

It is hereby announced.

Board of directors of XueDa (Xiamen) Education Technology Group Co., Ltd

January 15, 2022

- Advertisment -