Securities code: 300045 securities abbreviation: Hwa Create Corporation(300045) Announcement No.: 2022-003 Hwa Create Corporation(300045)
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
3. Performance forecast:
The current reporting period of the project is the same period of last year
Attributable to shareholders of listed companies
Loss: 180 million yuan – 200 million yuan; Profit: net profit of 27.8479 million yuan belongs to shareholders of the listed company
Loss after deducting non recurring profit and loss: 176 million yuan – 196 million yuan profit: net profit of 20.5258 million yuan II. Performance forecast and pre audit
The relevant data of this performance forecast are the preliminary calculation results of the company's financial department and have not been audited by an accounting firm. However, matters related to the company's employment performance forecast have been pre communicated with the annual report audit accounting firm, and there is no difference between the company and the accounting firm in the performance forecast of the reporting period. 3、 Explanation of performance change reasons
During the reporting period, the main reasons for the changes in the company's net profit performance attributable to the shareholders of the listed company are as follows:
1. Goodwill impairment
In view of the decline in the operating revenue and net profit of Jiangsu Mingwei Wansheng Technology Co., Ltd. (hereinafter referred to as "Mingwei Wansheng"), a wholly-owned subsidiary of the company in 2021, the goodwill formed by its M & A at that time was impaired. Mingwei Wansheng's main business is to provide PSD system and regenerative braking energy inverter absorption device for ensuring the safe operation of rail transit. The main reasons for the decline of Mingwei Wansheng's revenue and profit in 2021 are:
(1) In 2021, the investment and construction of rail transit will continue to be tightened, there are few new projects throughout the year, and the external market environment of Mingwei Wansheng has changed, which has a great impact on its performance.
(2) Affected by the epidemic situation, the progress of some original projects was less than expected, and the delivery of goods and project implementation progress were delayed compared with the original plan.
(3) The early delivery project has entered the installation, commissioning and guarantee operation stage, and the project management cost has increased, which has greatly increased the enterprise management cost.
Based on the adjusted performance forecast for the above reasons, the company's financial department and intermediary preliminarily judged that the impairment amount of goodwill formed by M & A at that time was 1479292000 yuan, which had a great impact on the net profit attributable to the shareholders of the listed company in 2021.
2. Impairment of intangible assets
During the reporting period, the company conducted impairment test on the company's accounts receivable, inventories, long-term deferred expenses, intangible assets and other assets in accordance with the requirements of the accounting standards for business enterprises. Due to technological upgrading, the company plans to withdraw the impairment amount of some intangible assets of about 60 million yuan, which has a great impact on the net profit attributable to the shareholders of the listed company in 2021.
3. During the reporting period, the impact of non recurring profits and losses on the company's current net profit is expected to be about - 4 million yuan. 4、 Risk tips
The provision for impairment of various assets accrued by the company in the current period is an uncertain factor affecting the accuracy of the performance forecast. The final amount of impairment provision will be determined after evaluation and audit by professional evaluation institutions and audit institutions hired by the company. 5、 Other relevant instructions
The performance forecast is based on the preliminary investigation and calculation of the company's financial department and intermediary institutions, and has not been audited by the audit institution. The specific financial data will be disclosed in detail in the company's 2021 annual report. Please make prudent decisions and pay attention to investment risks.
It is hereby announced.
Hwa Create Corporation(300045) board of directors January 18, 2022
