Xinxiang Chemical Fibre Co.Ltd(000949) : performance forecast for 2021

Securities code: 000949 securities abbreviation: Xinxiang Chemical Fibre Co.Ltd(000949) Announcement No.: 2022-002

Xinxiang Chemical Fibre Co.Ltd(000949)

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 operating performance: √ rising in the same direction

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

Net profit attributable to shareholders of listed companies: 130 million yuan – 140 million yuan

Profit: 83.59 million yuan

Profit increased by 1455.21% – 1574.84% over the same period of last year

Net profit after deducting non recurring profit and loss: 1348 million yuan – 1448 million yuan

Profit: 57.29 million yuan

Profit increased by 2252.94% – 2427.49% over the same period of last year

Basic earnings per share: 0.95 yuan / share – 1.03 yuan / share earnings: 0.0665 yuan / share

Note: “Yuan” in this table refers to RMB

2、 Performance forecast and pre audit

This performance forecast has not been pre audited by certified public accountants.

3、 Explanation of performance change reasons

The main factors affecting performance during the reporting period are as follows:

1. The selling price of the company’s main product spandex fiber increased compared with the same period of last year, the profitability improved, and the gross profit increased significantly, with a year-on-year increase of 2.172 billion yuan;

2. During the reporting period, the impairment loss of fixed assets, inventories and other assets was 122.9616 million yuan (including 9.4295 million yuan of impairment of fixed assets due to flood);

3. Affected by the severe rainstorm and flood in July, the equipment and finished products of the company’s production base in Fengquan district were seriously damaged, and the direct loss of 65.0987 million yuan was confirmed in the reporting period.

4、 Risk tips and other relevant instructions

This performance forecast is the result of the preliminary estimation of the company’s financial department. The specific financial data shall be subject to the company’s 2021 annual report officially disclosed by the company. The information disclosure media designated by the company are China Securities Journal, securities times and http://www.cn.info.com.cn.

The company will do a good job in information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Xinxiang Chemical Fibre Co.Ltd(000949) board of directors January 26, 2022

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