REG - SDIC Power Holdings - Predicted Performance Decrease in 2021

SDIC Power Holdings CoAnnouncement

28/01/2022 10:15

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RNS Number : 9968Z  SDIC Power Holdings Co., LTD  28 January 2022

 

SDIC Power Holdings Co., LTD.

Announcement on Predicted Performance Decrease in 2021

 

Highlights:

1. According to the preliminary calculation of the Financial Department of
SDIC Power Holdings Co., LTD. (hereinafter referred to as "the Company"), the
net profits attributable to shareholders of listed companies in 2021 are
predicted to range from RMB 2.15 billion to 2.55 billion, with a year-on-year
decrease of RMB 2.97 billion to 3.37 billion and a year-on-year decrease rate
of 53.8% to 61.1%.

2. It is predicted that the Company's net profits attributable to shareholders
of listed companies after deducting non-recurring gain or loss in 2021 will be
RMB 1.9 billion to 2.25 billion, with a year-on-year decrease of RMB 2.52
billion to 2.87 billion and a year-on-year decrease rate of 52.8% to 60.2%

 

I. Performance pre-announcement for the current period

(1) Performance pre-announcement period

From January 1, 2021 to December 31, 2021.

(2) Performance pre-announcement

1. According to the preliminary calculation of the Financial Department, the
net profits attributable to shareholders of listed companies are predicted to
range from RMB 2.15 billion to 2.55 billion in 2021, with a year-on-year
decrease of RMB 2.97 billion to 3.37 billion and a year-on-year decrease rate
of 53.8% to 61.1%.

2. It is predicted that the Company's net profits attributable to shareholders
of listed companies after deducting non-recurring gain or loss in 2021 will be
RMB 1.9 billion to 2.25 billion, with a year-on-year decrease of RMB 2.52
billion to 2.87 billion and a year-on-year decrease rate of 52.8% to 60.2%

        II. Performance in the same period of last year

(1) Net profits attributable to shareholders of listed companies: RMB 5.52
billion. Net profits attributable to shareholders of listed companies after
deducting non-recurring gain or loss: RMB 4.77 billion

(2) Earnings per share: RMB 0.7770.

III. Main causes of predicted performance decrease in the current period

In the first place, affected by market factors, the coal-fired cost of thermal
power enterprises affiliated to the Company increased significantly year on
year in the reporting period, and the power generation cost exceeded the
income. Furthermore, there was a large amount of income resulting from the
disposal of thermal power assets in the same period of last year.

IV. Risk warning

There is no major uncertainty of the Company that may affect the accuracy of
the performance pre-announcement.

V. Miscellaneous

The above pre-announcement data is only preliminary accounting data. For
specific and accurate financial data, please refer to the audited annual
report of 2021 to be officially disclosed by the Company. Investors are
advised to consider the investment risks.

It is hereby announced.

 

 

                   Board of Directors of SDIC Power Holdings Co.,
LTD.

                     January 28, 2022

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