Securities code: 002124 securities abbreviation: Tech-Bank Food Co.Ltd(002124) announcement: 2022-014 Tech-Bank Food Co.Ltd(002124)
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. Performance forecast: √ loss □ turning loss into profit □ rising in the same direction □ falling in the same direction
The current reporting period of the project is the same period of last year
Losses attributable to listed companies: 3.5 billion yuan – 4 billion yuan
Net profit of shareholders: 3.24 billion yuan
Year on year decrease: 207.86% – 223.27%
Deducting non recurring losses: 4 billion yuan – 4.5 billion yuan
Net profit after profit: 3.31 billion yuan
Year on year decrease: 220.76% – 235.86%
Basic earnings per share loss: 1.90 yuan / share – 2.17 yuan / share earnings: 2.68 yuan / share
Note: the basic earnings per share is calculated according to the latest capital stock of the company, 1839192626 shares
2、 Communication with accounting firms
This performance forecast has not been pre audited by an accounting firm. The company has made pre communication with the certified public accountants signing the accounting firm providing annual audit services for the company on this performance forecast. As the audit work in 2021 is still in progress, so far, there is no significant difference between the two sides on this performance forecast, and the specific data shall be subject to the audit results.
3、 Explanation of performance change reasons
The company’s 2021 performance fell sharply year-on-year, and the deep loss mainly came from the pig breeding business. With the recovery of pig production capacity and surplus in China, pig prices showed a rapid downward trend in 2021. In 2021, the number of pigs sold by the company increased by 39% year-on-year, but the average sales price of commercial fat pigs decreased by 64% year-on-year. Although the company’s pig production capacity has increased, due to the disturbance of the epidemic situation, it failed to produce at full load and balanced. In addition, due to the influence of purchased sows and piglets in the first half of the year, the overall sales cost decreased slightly year-on-year. For the long-term development of the pig industry, the company took a series of measures in the second half of the year, including accelerating the elimination and renewal of inefficient sows, weak pigs and other measures, which also increased the current loss to a certain extent. Special technical transformation, integration and improvement of breeding advantages such as precise ventilation, spraying and deodorization of pig farms Measures such as accelerating the integrated transformation of breeding, slaughtering and deep processing have not been effective in the current period. According to the relevant provisions and requirements of the accounting standards, the company has preliminarily made a provision for falling price of about 800 million yuan for the consumable biological assets on hand.
In 2021, the company further focused on the pig industry chain and sold all equity of vaccine and aquatic feed subsidiaries and some equity of pig feed subsidiaries. As of the announcement date, the company has received equity transfer of RMB 1.72 billion and is expected to generate investment income of RMB 690 million (before tax).
4、 Risk tips
The relevant data of this performance forecast is the preliminary calculation result of the company’s financial department and has not been audited by an accounting firm. The company will disclose the relevant financial data audited by the accounting firm in detail in the 2021 annual report. Please make prudent decisions and pay attention to investment risks.
5、 Other relevant instructions
1. This performance forecast is the preliminary estimation result of the company’s financial department, and the specific financial data shall be subject to the 2021 annual report disclosed by the company;
2. Pig market price and epidemic disease bring great uncertainty to the company’s performance forecast. If the performance forecast changes, the company will disclose it in accordance with relevant regulations;
3. The sharp fluctuation (decline or rise) of the market price of commercial pigs and the risk of African swine fever and other diseases may have a significant impact on the company’s operating performance. Please make careful decisions and pay attention to investment risks. It is hereby announced.
Tech-Bank Food Co.Ltd(002124) board of directors January 26, 2002
