On the late night of January 21, Niutech Environment Technology Corporation(688309) released the performance forecast. It is estimated that the operating revenue will reach 83 million yuan to 85 million yuan in 2021, and the net profit attributable to the owner of the parent company is expected to be – 8.6 million yuan to – 10.3 million yuan in 2021, a decrease of about 54.572 million yuan to 56.272 million yuan compared with the same period of last year.
The above-mentioned double declines will cause the financial data of Niutech Environment Technology Corporation(688309) 2021 to touch the financial delisting Portfolio Index of “operating revenue + net profit”, and the company’s shares will be subject to delisting risk warning after the disclosure of the 2021 annual report. This also means that Niutech Environment Technology Corporation(688309) will become the first * ST company since the opening of the science and innovation board.
Niutech Environment Technology Corporation(688309) it mainly produces continuous cracking equipment, which is mainly used for the treatment of solid wastes such as waste tires, waste plastics and dirty oil sludge. The company explained in detail the three reasons for the decline in performance, and especially stressed that there were no significant adverse changes in the company’s core competitiveness and sustainable operation ability.
First, the industry characteristics at this stage are easy to cause short-term performance fluctuations.
Second, the implementation of orders in 2021 did not meet expectations, which was greatly affected by major customers.
Third, affected by the epidemic, new orders were delayed or failed to sign.
According to the company’s revenue recognition policy, only RMB 6400 will be recognized in 2021. The company also stated in the announcement that by the end of 2021, the amount of orders on hand that the company has not yet recognized revenue is about 209 million yuan (including tax), and it is expected that about 60% of the revenue will be recognized in 2022. At the same time, the customer reserve outside China is good, and it is expected that new orders will be signed in 2022.
From the perspective of Niutech Environment Technology Corporation(688309) loss forecast, the company expects to realize the net profit attributable to the shareholders of the listed company before and after deducting non recurring profits and losses, whichever is lower, in 2021, and it is expected that after deducting the business income unrelated to the main business, the operating income will be less than RMB 100 million in 2021. According to relevant regulations, The company’s shares may be subject to delisting risk warning after the disclosure of the 2021 annual report.
At present, the scheduled disclosure date of the company’s 2021 annual report is April 27, 2022. The audit of the company’s 2021 annual report is in progress. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company.
The reporter noted that the sharp decline of Niutech Environment Technology Corporation(688309) performance has also been closely concerned and focused by the Shanghai Stock Exchange. After the disclosure of the company’s semi annual report and third quarterly report in 2021, the Shanghai Stock Exchange issued regulatory inquiries at the first time.
