Securities code: 600077 securities abbreviation: Sundy Land Investment Co.Ltd(600077) Announcement No.: pro 2022-014 Sundy Land Investment Co.Ltd(600077)
Announcement on performance loss 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:
According to the calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be about – 40 million yuan to – 300 million yuan, a decrease of about 75.239 million yuan to 65.239 million yuan compared with the same period of the previous year.
According to the calculation of the financial department, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 is expected to be about – 380 million yuan to – 270 million yuan, a decrease of about 810.37 million yuan to 92.37 million yuan compared with the same period of the previous year.
Reasons for loss in advance: 1) for self owned real estate, the company compares the discounted present value of rental cash flow with the historical cost of the book and makes provision for asset impairment. The impact of the proposed amount on the net profit attributable to the shareholders of the listed company is about – 230 million yuan to – 290 million yuan; 2) The profit generated from the delivery of cooperative projects is lower than that of the previous year. It is expected that the investment income recognized by the equity method is lower than that of the previous year, and the impact on the net profit attributable to the shareholders of the listed company is about – 140 million yuan to – 180 million yuan.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
According to the calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be about – 40 million yuan to – 300 million yuan, a decrease of about 75.239 million yuan to 65.239 million yuan compared with the same period of the previous year.
According to the calculation of the financial department, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 is expected to be about – 380 million yuan to – 270 million yuan, a decrease of about 810.37 million yuan to 92.37 million yuan compared with the same period of the previous year.
(III) the performance of the current forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of listed companies: 352 million yuan. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: 540 million yuan.
(II) earnings per share: 0.27 yuan.
3、 Main reasons for performance loss in advance in the current period
1. At the end of the reporting period, the company conducted an impairment test on the self owned real estate built in some development projects. According to relevant regulations, all of these real estate are used for public lease. Therefore, the company compares the discounted present value of rent cash flow with the book historical cost and accrues asset impairment provision, which cannot be reversed in the future. The impact of the proposed amount on the net profit attributable to the shareholders of the listed company is about – 230 million yuan to – 290 million yuan.
2. As the profit from the delivery of cooperative projects is lower than that of the previous year, the investment income recognized by the equity method is expected to be lower than that of the previous year, and the impact on the net profit attributable to the shareholders of the listed company is about – 140 million yuan to – 180 million yuan. In addition to the above factors, the current interest income decreased compared with the previous year, resulting in an increase in financial expenses; The increase of newly acquired projects in the current period leads to an increase in management expenses.
4、 Risk tips
This performance forecast is the preliminary accounting conducted by the company’s financial department based on its own professional judgment, which has not been audited by certified public accountants.
The company believes that there are no major uncertainties affecting the accuracy of the performance forecast.
5、 Description of other matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data shall be subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Sundy Land Investment Co.Ltd(600077) board of directors January 21, 2022
