600702: Shede Spirits Co.Ltd(600702) announcement of annual performance increase in 2021

Securities code: 600702 stock abbreviation: Shede Spirits Co.Ltd(600702) Announcement No.: 2022-001 Shede Spirits Co.Ltd(600702)

Announcement of annual performance increase in 2021

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

1. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 1.23 billion yuan to 1.28 billion yuan, an increase of 650 million yuan to 700 million yuan compared with the same period of the previous year, a year-on-year increase of 112% to 121%. 2. It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses in 2021 will be 1.19 billion yuan to 1.24 billion yuan, an increase of 640 million yuan to 690 million yuan compared with the same period of last year, with a year-on-year increase of 116% to 125%.

1、 Performance forecast of the current period

(I) performance forecast period

From January 1, 2021 to December 31, 2021.

(II) performance forecast

1. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be 1.23 billion yuan to 1.28 billion yuan, an increase of 650 million yuan to 700 million yuan compared with the same period of the previous year, a year-on-year increase of 112% to 121%.

2. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be 1.19 billion yuan to 1.24 billion yuan, an increase of 640 million yuan to 690 million yuan compared with the same period of the previous year, a year-on-year increase of 116% to 125%.

(III) the expected performance of the company has not been audited by certified public accountants.

2、 Performance in the same period of last year

(I) net profit attributable to shareholders of the listed company: 580 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: RMB 550 million.

(II) earnings per share: 1.7452 yuan.

3、 Main reasons for performance increase in the current period

(I) main business impact

Affected by the epidemic in the same period of last year, the base of operating performance of the company was low, and the net profit attributable to the shareholders of the listed company was 580 million yuan. In 2021, under the control of China's epidemic situation, the consumption of high-end liquor was significantly improved. The company's Baijiu strategy was gradually accepted by the market. The company's revenue increased by 83% over the same period last year, and its business performance increased sharply over the same period last year.

(II) impact of non recurring profit and loss

Non recurring gains and losses have no significant impact on the company's performance advance.

4、 Risk tips

The company has no major uncertain factors affecting the accuracy of the performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data. The specific and accurate financial data shall be subject to the 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

Shede Spirits Co.Ltd(600702) board of directors January 19, 2022

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