Securities code: 300427 securities abbreviation: Red Phase Inc(300427) Announcement No.: 2022-005 bond Code: 123044 bond abbreviation: red phase convertible bond
2021 annual performance forecast
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
(I) performance forecast period: January 1, 2021 to December 31, 2021.
(II) performance forecast: √ the net profit attributable to the shareholders of the listed company is expected to be negative
The current reporting period of the project is the same period of last year
Loss attributable to shares of listed companies: 620 million yuan – 680 million yuan profit: 231.6546 million yuan net profit after deducting non recurring profit and loss
Net profit loss after: 667 million yuan – 727 million yuan; Profit: 199436200 yuan
Operating income: RMB 135000000 – RMB 1400000000, RMB 1515992800
After deduction, the operating income is 1315 million yuan – 1365 million yuan and 1496.8091 million yuan
Note:
1. “Yuan” in the format of this announcement refers to RMB;
2. Operating income after deduction refers to the deduction of business income irrelevant to the main business and business income without commercial substance
Operating income after income.
2、 Communication with accounting firms
The company has pre communicated with the accounting firm on matters related to the performance forecast, and the company and the accountant
The firm has no differences on the financial data related to the performance forecast.
The financial data related to this performance forecast has not been pre audited by an accounting firm.
3、 Explanation of performance change reasons
In 2021, the company expects the net profit attributable to the shareholders of the listed company to be the first loss since the listing of the company. The main reasons are as follows:
(I) provision for impairment of large amount goodwill
In 2017, in order to extend the company’s industrial chain and expand the layout of the company’s power equipment condition detection and monitoring products, the company issued shares and paid cash to acquire 100% equity of Wolong Electric Yinchuan Transformer Co., Ltd. and 67.54% equity of Hefei Xingbo Communication Technology Co., Ltd., which brought great profit contribution to the company. Affected by the slowdown of national railway investment and the decline of investment scale, the industry competition in the subdivided field of the company’s transformer business is intensified. Combined with the actual operation situation, changes in industrial policies and other factors, according to the accounting standards for Business Enterprises No. 8 – asset impairment and relevant accounting policies and regulations, based on the principle of prudence, the company’s financial department has preliminarily calculated, In 2021, it is estimated that the provision for impairment of goodwill formed by the acquisition of subsidiary Wolong Electric Yinchuan Transformer Co., Ltd. (hereinafter referred to as “Yinchuan Wolong”) will be about 67 million yuan. Up to now, the relevant impairment test is still in progress, and the final amount of goodwill impairment provision will be determined after evaluation and audit by the evaluation institution and audit institution with securities and futures qualification hired by the company.
(II) provision for impairment loss of long-term assets
According to the accounting standards for Business Enterprises No. 8 – asset impairment and relevant accounting policies, combined with the changes of industrial policies, competition pattern and asset operation, and through the preliminary test of the company’s finance department, it is estimated that about 35-40 million yuan of asset impairment loss will be accrued for the long-term assets of Yinchuan Wolong, the acquired subsidiary, in 2021. Up to now, the relevant impairment test is still in progress. The amount of asset impairment loss of long-term assets will be determined after evaluation and audit by the evaluation institution and audit institution with securities and futures qualification hired by the company.
(III) decline in operating performance
1. During the reporting period, affected by market competition, the newly signed contract amount of the company’s power equipment condition detection and monitoring products decreased compared with the same period last year, resulting in a decrease in the sales revenue of the company’s power sector during the reporting period compared with the same period last year. Affected by the market competition and the slowdown of railway investment, the sales revenue of the company’s railway and rail transit sector in the reporting period decreased compared with the same period of last year.
2. During the reporting period, the company’s comprehensive gross profit margin decreased compared with the same period of last year, mainly due to the rise of raw material prices, labor costs, market competition and project differences.
3. During the reporting period, with the increase of the company’s marketing and after-sales service activities, the adjustment of personnel salaries and the increase of investment in R & D projects, the company’s sales expenses, management expenses and R & D expenses increased compared with the same period of last year. 4. Impact of non recurring profit and loss
During the reporting period, the impact of non recurring profits and losses on the net profit attributable to shareholders of the listed company was about 47 million yuan, mainly the government subsidy income and the investment income from the sale of 100% equity of Zhongning yinbian new energy Co., Ltd. The impact of non recurring profit and loss on the net profit attributable to shareholders of the listed company in the same period of last year was 32.2185 million yuan.
4、 Other relevant instructions
1. This performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. 2. The specific financial data of 2021 will be disclosed in detail in the company’s 2021 annual report. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Red Phase Inc(300427) board of directors January 24, 2022
