CDC Finance, January 29th: Sichuan Blu-ray Development Co., Ltd. (abbreviation: Blu-ray Development, 600466.SH) released the 2021 annual performance forecast, stating that, after preliminary calculations by the financial department, it is expected to achieve 2021 annual performance attributable to shareholders of listed companies. Compared with the same period of the previous year (statutory disclosure data), the net profit will show a loss, and the net profit loss attributable to shareholders of the listed company is about 12.037 billion yuan; the net profit loss attributable to shareholders of the listed company after deducting non-recurring gains and losses is 11.273 billion yuan Yuan or so.
Regarding performance losses, Blu-ray Development stated in the announcement that there will be a large operating loss in 2021 compared with the previous year, and the estimated loss amount is about 4.394 billion yuan. The construction progress has been affected to varying degrees. The projects that were originally planned to complete the sales performance obligations in the current period and included in the settlement were not delivered as originally planned in the current period, and the recognition of real estate business income decreased by approximately RMB 18.842 billion compared with the previous year. 47.37%.
In the second half of 2021, Blu-ray Development faced difficulties in real estate sales. For this reason, the company cut prices and sold some of the existing real estate, resulting in a decline in gross profit or even a loss. At the same time, it has also led to increased pressure on inventory depreciation of the company’s real estate stock projects.
In order to resolve the debt crisis, Blu-ray Development successively sold the pharmaceutical sector and the modern service sector. The reduction of the above two businesses reduced the current operating income by about 1.956 billion yuan compared with the same period last year, and the corresponding part of the gross profit contribution was further reduced compared with the previous year. Gross profit margin declined.
Based on the balance sheet date in 2021 and the current real estate market conditions, combined with the impact of the company’s current liquidity risk on future real estate sales, the company has made provision for impairment losses of about 6.909 billion yuan, mainly for inventory depreciation.
Non-operating gains and losses were mainly due to the Company’s disposal of its subordinate property management companies and some real estate projects this year in response to the liquidity crisis. During the reporting period, the losses incurred from the sale of real estate projects to ensure delivery and repayment of due liabilities resulted in accumulated losses. Non-recurring gains and losses are about -733 million yuan.
(Editor in charge: Guan Jing)
