Every January, A-Shares always have a thunder night. The climax of this year will probably occur next week.
According to the rules of the Shanghai and Shenzhen Stock Exchange, January 31 is the deadline for GEM companies and other companies with significant performance fluctuations to issue performance forecasts for 2021. the performance forecasts of these companies will be intensively released next week, and next Friday night may be another crazy thunder night.
In fact, the performance explosion has begun. On Friday, Wens Foodstuff Group Co.Ltd(300498) , Cosco Shipping Energy Transportation Co.Ltd(600026) , Huadian Energy Company Limited(600726) , Zhejiang Unifull Industrial Fibre Co.Ltd(002427) , Raisecom Technology Co.Ltd(603803) exploded one after another, resulting in a loss of 13-13.8 billion yuan, 4.92-5.12 billion yuan, 3 billion yuan, 1.15-1.55 billion yuan and 820-850 million yuan respectively. Among them, Huadian Energy Company Limited(600726) may be warned of delisting risk, and the other four companies indicated that they planned to withdraw large asset impairment.
According to wind data, up to now, 814 A-share listed companies have disclosed the performance forecast for 2021, of which 19 have the lower limit loss of predicted net profit of more than 500 million yuan, Wens Foodstuff Group Co.Ltd(300498) is the latest “loss forecast king” temporarily. judging from the situation of blasting mine company, goodwill impairment or asset impairment is one of the important factors.
Wang Wen’s provisional A-share 2021 Annual Report
On January 21, the 100 billion breeding giant Wens Foodstuff Group Co.Ltd(300498) released a performance forecast that expects a net loss of 13 billion yuan to 13.8 billion yuan in 2021, a decrease of 275% – 286% over the same period of the previous year, and a profit of 7.426 billion yuan over the same period of the previous year.
At the same time, Wens Foodstuff Group Co.Ltd(300498) has become the latest advance loss king of 2021 annual report of a shares, exceeding the previous maximum advance loss of 11.012 billion yuan of Baiji Shenzhou.
The company explained in the announcement that there are three reasons for the loss in advance.
First, during the reporting period, the company sold 13.2174 million pigs (including hairy pigs and fresh products), and the average sales price of hairy pigs was 17.39 yuan / kg, a year-on-year decrease of 48.18%.
Secondly, while the price of pigs fell sharply, the price of feed raw materials rose continuously.
In addition, the company purchased some pig seedlings for fattening and continued to promote the optimization of breeding pigs, which pushed up the cost of pig raising.
therefore, the profit of the company’s pig breeding business decreased significantly year-on-year, resulting in deep losses.
It is worth noting that during the reporting period, the company amortized equity incentive expenses of about 500 million yuan, and preliminarily accrued impairment reserves of about 2.5 billion yuan for the current consumable biological assets and productive biological assets (the final data is subject to the audit report). At the same time, the company increased financing to cope with the downturn of the industry, and the financial expenses increased significantly year-on-year.
Niutech Environment Technology Corporation(688309) will become the first * ST company
On the evening of January 21, Niutech Environment Technology Corporation(688309) (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 will reach – 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 the previous year.
According to the Listing Rules of Shanghai Stock Exchange’s science and innovation board, the financial data of Niutech Environment Technology Corporation(688309) 2021 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 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. According to the analysis of the company in the announcement, there is no significant adverse change in the company’s core competitiveness and sustainable operation ability. The decline in performance in 2021 is the periodic performance fluctuation experienced by the company in the development stage, mainly due to the following three factors.
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.
According to the company’s disclosure in the reply to the regulatory inquiry letter of the third quarterly report of 2021, the company has a certain dependence on major customers, and about 60% of its revenue in recent years comes from Karamay Shuntong Environmental Protection Technology Co., Ltd., the largest customer. With the reduction of solid waste, customers’ demand for the treatment of cracking equipment decreased accordingly. The company’s sales revenue from Shuntong environmental protection decreased significantly to 8.2468 million yuan, accounting for only 18% of the total revenue.
third, affected by the epidemic, new orders were delayed or failed to sign.
The company also stated in the announcement that by the end of 2021, the amount of orders on hand that the company has not confirmed revenue is about 208698700 yuan (including tax), and it is expected that about 60% of the revenue will be confirmed in 2022. At the same time, the reserves of customers outside China are good, and it is expected that new orders will be signed in 2022.
According to the analysis of insiders, waste pyrolysis treatment changes the original incineration, landfill and other treatment methods, which is conducive to the harmless treatment or resource utilization of solid waste, reduce resource loss and promote recycling, which is in line with the national strategic orientation of developing green industry and circular economy. However, since the application of cracking treatment in many fields is in its infancy, the unbalanced characteristics of the early stage of the industry restrict the company’s business to maintain sustainable growth. In particular, the sewage sludge solid waste treatment business is greatly affected by the implementation of relevant environmental protection policies around the country. At present, the whole industry is still in the stage of market development.
The 21st Century Business Herald reporter noted that at present, the performance prediction unit of the science and innovation board has increased by more than 90%, and the “Star” of Niutech Environment Technology Corporation(688309) is only a case. As of January 21, the official website of the Shanghai Stock Exchange showed that 64 companies on the science and Innovation Board had issued performance forecasts or performance letters. The sector has continued the high growth trend in the first three quarters as a whole. 58 companies are expected to increase in advance, accounting for more than 90% . Among them, 30 companies are expected to increase their net profit by more than 100% year-on-year in 2021, Beijing Hotgen Biotech Co.Ltd(688068) and Dongxin technology are expected to increase by 1684.65% and 1051.89% respectively. In addition, there are Guizhou Zhenhua E-Chem Inc(688707) and Sunshine Guojian Pharmaceutical(Shanghai) Co.Ltd(688336) two companies to turn losses.
