Securities code: 300308 securities abbreviation: Zhongji Innolight Co.Ltd(300308) Announcement No.: 2022-007
Zhongji Innolight Co.Ltd(300308)
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: □ loss □ turning loss into profit □ rising in the same direction ■ basically flat □ falling in the same direction
3. The expected performance is as follows:
The current reporting period of the project is the same period of last year
Shares attributable to listed companies increased by: – 7.57% – 8.61% over the same period last year
East’s net profit: 865.48 million yuan
Profit: 80 million yuan – 94 million yuan
After deducting non recurring profit and loss, it increased by: – 12.35% – 3.35% over the same period of last year
Net profit after: 764.37 million yuan
Profit: 670 million yuan – 790 million yuan
Basic earnings per share: 1.09 yuan / share-1.29 yuan / share earnings: 1.23 yuan / share
Note: 1. “Yuan” in the above table refers to RMB.
2. During the reporting period, the net profit related to the company’s main business maintained a steady growth. However, due to the influence of the following matters, the consolidated net profit attributable to the parent company is expected to be flat compared with the same period last year:
1) The company implemented the second phase of restricted stock incentive plan and granted a total of 9999000 restricted shares to incentive objects in December 2020 and February 2021 respectively. During the reporting period, due to the confirmation of equity incentive expenses, the consolidated net profit of the company decreased by about 57 million yuan compared with the same period last year. During the reporting period, before deducting the impact of equity incentive expenses on the reported net profit of the subsidiary Suzhou xuchuang, Suzhou xuchuang realized a net profit of about 950 million yuan to 1110 million yuan.
2) During the reporting period, the investment income and government subsidies recognized by the company decreased by about 74 million yuan compared with the same period last year.
3) During the reporting period, the company transferred 100% equity of its wholly-owned subsidiary Shandong Zhongji Intelligent Equipment Co., Ltd. (hereinafter referred to as “Zhongji intelligent”) to the controlling shareholder Shandong Zhongji Investment Holding Co., Ltd. (hereinafter referred to as “Zhongji holding”), and the equity transfer had been completed by the end of the reporting period. The performance of CIIC and the equity transfer reduced the consolidated net profit of the company by about 20 million yuan.
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 certified public accountants. 3、 Explanation of performance change reasons
1. During the reporting period, the company’s sales revenue increased compared with the same period last year, and the sales revenue increased significantly quarter on quarter. The shipment volume of 400g high-end products of the company continues to grow and has occupied the primary sales share. The company’s sales revenue is mainly in US dollars. Due to the impact of exchange rate fluctuations, the sales revenue converted into RMB is lower than the growth of US dollars. During the reporting period, the company continued to reduce costs and improve product competitiveness. The comprehensive gross profit margin increased quarter by quarter, and the annual gross profit margin increased compared with 2020.
Driven by the growth of global traffic, data center customers outside China continue to increase capital expenditure and accelerate the deployment of high-end optical modules such as 400g and 200g. The company has strong order demand. The company is fully deploying production resources and actively doing a good job in supply chain management to meet the order demand of customers to the greatest extent. In addition, the company continues to increase investment in research and development of new technologies and products, and high-end new products will gradually form large-scale sales in the future, bringing incremental revenue.
2. During the reporting period, the company’s investment income, government subsidies and other non recurring gains and losses increased the consolidated net profit by about 144 million yuan, which had a certain impact on the performance during the reporting period.
4、 Other relevant instructions
1. This performance forecast is the result of preliminary calculation conducted by the company’s financial department and has not been audited by the audit institution.
2. The specific data of 2021 annual performance 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
Zhongji Innolight Co.Ltd(300308) board of directors
January 27, 2022
