Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) : the net profit in 2021 is expected to decrease by 25.86% to 41.75% year-on-year

On January 18, Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) (002989) released the performance forecast for 2021. The net profit attributable to the parent company in 2021 is expected to be RMB 110 million to RMB 140 million, a year-on-year decrease of 25.86% to 41.75%.

Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) it is suggested that rongchuang China Holdings Co., Ltd. (hereinafter referred to as “rongchuang”) belongs to the top five customers of the company, accounting for about 7% of the company’s operating revenue, and the previous cooperation was normal. The southwest region should return the company’s strategic cooperation performance bond of 30 million yuan on December 30, 2021. So far, the two sides are in negotiation and have not reached an agreement. In order to ensure that the performance bond can be recovered on schedule, the company and rongchuang agreed in the contract that the liquidated damages of the performance bond is 20%. If it is not returned to the company on schedule, the interest will be increased by 0.05% per day; Three commercial acceptance bills of RMB 100000 each due in January 2022 in South China were repeatedly urged to be paid after 7 days of delay.

Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) the announcement said that in view of the fact that rongchuang has been unable to pay the due short-term debt in time, the company is unable to judge the future situation of rongchuang. Up to now, the total amount of accounts receivable, notes receivable, contract assets and other receivables between the company and rongchuang is 260 million yuan. The company will take all necessary preservation measures.

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