On January 25, the seed industry company Hainan Shennong Technology Co.Ltd(300189) announced that in 2021, it is expected to achieve an operating revenue of 130-160 million yuan and an expected loss of 42-66 million yuan.
For the reasons for performance changes, Hainan Shennong Technology Co.Ltd(300189) said that according to the progress of litigation matters related to equity transfer of Hainan Baoting Nanfan seed industry high tech Industrial Base Co., Ltd., a wholly-owned subsidiary, it is expected that the liabilities will reduce the current profit by 36.6 million yuan; Shenzhen shennongweigu supply chain Co., Ltd., a wholly-owned subsidiary, reduced the number of receivables recovered compared with the previous year and reversed bad debt reserves in the previous year, affecting the profit of 39.8166 million yuan in the current period; In 2020, Hainan Baoting Nanfan seed industry high tech Industrial Base Co., Ltd. accrued an asset impairment loss of 145.1599 million yuan due to the influence of major factors such as the demolition and confiscation of buildings by law enforcement agencies. The company did not generate such losses in this period. In 2021, the impact of non recurring profit and loss on net profit is expected to be about 3 million yuan to 12 million yuan.
