Yangzhou Chenhua New Material Co.Ltd(300610) : performance forecast for 2021

Securities code: 300610 securities abbreviation: Yangzhou Chenhua New Material Co.Ltd(300610) Announcement No.: 2022-003

Yangzhou Chenhua New Material Co.Ltd(300610)

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

1. Performance forecast period: January 1, 2021 to December 31, 2021

2. Expected performance: losses turn into profits, rising and falling in the same direction

3. The performance forecast is as follows:

The current reporting period of the project is the same period of last year

Profit attributable to listed companies: 151.0409 million yuan – 164.7719 million yuan

Profit: 137.3099 million yuan, net profit of shareholders increased by 10% – 20% over the same period of last year

Profit after deducting non recurring losses: 136.4363 million yuan – 148.8396 million yuan

Profit: 124.033 million yuan. The net profit after profit increased by 10% – 20% over the same period of last year

Note: “Yuan” in the above table refers to RMB.

2、 Communication with accounting firms

The relevant data of this performance forecast are the preliminary calculation results of the company’s financial department and have not been audited by an accounting firm. However, the company has conducted pre communication with the annual report audit accounting firm on matters related to the performance forecast, and there is no difference between the company and the accounting firm on the performance forecast in the reporting period.

3、 Explanation of performance change reasons

1. During the reporting period, the company and its subsidiaries overcame the impact of multiple adverse factors such as epidemic situation, power restriction and temporary shutdown, and the net profit of the company maintained continuous growth, mainly benefiting from: (1) strong market demand for some products and an increase in gross profit margin; (2) Huai’an Chenhua New Material Co., Ltd., a wholly-owned subsidiary, gradually released its production capacity, driving cost reduction and efficiency increase in production and manufacturing.

2. During the reporting period, the impact of non recurring profit and loss on net profit is expected to be RMB 14 million-16 million, mainly financial income.

4、 Risk tips

This performance forecast is the result of the preliminary calculation by the company’s financial department, and the specific financial data will be disclosed in detail in the 2021 annual report. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Yangzhou Chenhua New Material Co.Ltd(300610) board of directors January 24, 2022

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