Securities code: 688020 securities abbreviation: Guangzhou Fangbang Electronics Co.Ltd(688020) Announcement No.: 2022-006 Guangzhou Fangbang Electronics Co.Ltd(688020)
Annual performance forecast for 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Guangzhou Fangbang Electronics Co.Ltd(688020) (hereinafter referred to as "the company") is expected to realize a net profit attributable to the owners of the parent company of 34 million yuan to 40 million yuan in 2021, a decrease of 79.23 million yuan to 85.23 million yuan, a year-on-year decrease of 66.45% to 71.48% compared with the same period last year (statutory disclosure data).
It is estimated that in 2021, the net profit attributable to the owner of the parent company after deducting non recurring profits and losses will be 15 million yuan to 21 million yuan, which will decrease by 65.04 million yuan to 71.04 million yuan compared with the same period of the previous year (statutory disclosure data), a year-on-year decrease of 75.59% to 82.57%.
1、 Performance forecast
(I) performance forecast period: January 1, 2021 to December 31, 2021.
(II) performance forecast
According to the preliminary calculation of the company's financial department, the net profit attributable to the owner of the parent company is expected to be 34 million yuan to 40 million yuan in 2021, which will be reduced by 79.23 million yuan to 85.23 million yuan compared with the same period of last year (legally disclosed data), a year-on-year decrease of 66.45% to 71.48%.
It is estimated that in 2021, the net profit attributable to the owner of the parent company after deducting non recurring profits and losses will be 15 million yuan to 21 million yuan, which will decrease by 65.04 million yuan to 71.04 million yuan compared with the same period of the previous year (statutory disclosure data), a year-on-year decrease of 75.59% to 82.57%.
(III) this performance forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
In 2020, the company realized a net profit of 119.23 million yuan attributable to the owner of the parent company; The net profit attributable to the owner of the parent company after deducting non recurring profits and losses is 86.04 million yuan.
3、 Main reasons for performance changes in the current period
1. During the reporting period, the company's overall operating revenue was 286 million yuan, a decrease of about 02 million yuan compared with 2020, and the overall gross profit margin was about 51.43%, a year-on-year decrease of 14.97 percentage points compared with 2020. Mainly due to: (1) in the fourth quarter of the reporting period, the copper foil business of the subsidiary began mass production and sales, and the new copper foil business revenue was about 42 million yuan. As the capacity utilization and yield of the copper foil business were still in the climbing stage, the gross profit of the copper foil business was in a state of loss during the reporting period, resulting in the decline of the overall gross profit margin of the company; (2) Affected by the growth and passivation of smartphone terminal sales, the sales volume and price of shielding film business decreased year-on-year during the reporting period, resulting in a year-on-year decrease of about 45 million yuan in revenue.
2. Due to the implementation of the equity incentive plan, the company generated share based payment expenses of about 17.98 million yuan in 2021, an increase of about 10.05 million yuan compared with 2020 (belonging to recurring profits and losses).
3. During the reporting period, the company continued to increase R & D investment in product areas such as electromagnetic shielding film, flexible copper clad laminate, ultra-thin copper foil and resistance film, resulting in a year-on-year increase in R & D expenses.
4. During the reporting period, the Zhuhai Subsidiary was put into use, the depreciation expenses of plant and equipment increased, and the allocation of corresponding personnel led to an increase in employee compensation expenses; In addition, the administrative expenses increased by about 9.04 million yuan year-on-year due to factors such as the increase of intermediary consulting service fees and plant rental fees.
5. During the reporting period, the company's available monetary capital balance decreased, resulting in a year-on-year decrease of about 17.85 million yuan in investment income.
4、 Risk tips
This performance forecast is the preliminary accounting conducted by the company's financial department based on its own professional judgment, which has not been audited by certified public accountants. The company has not found any major uncertain factors affecting the accuracy of the performance forecast. 5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
Guangzhou Fangbang Electronics Co.Ltd(688020) board of directors January 26, 2022
