Jihua Group (601718): Expected Profit Of RMB 180 Million To RMB 222 Million In 2022

Jihua Group (601718) released the annual performance forecast for 2022 on the evening of January 19: the company expects to realize a net profit attributable to shareholders of the listed company of 180 million yuan to 222 million yuan in 2022, which will increase 345.61 million yuan to 387.61 million yuan compared with the same period of the previous year (statutory disclosure data), and turn losses into profits.

The announcement shows that the performance forecast period is from January 1, 2022 to December 31, 2022. The company expects to realize the net profit attributable to shareholders of the listed company after deducting non recurring profits and losses of - 86 million yuan to - 44 million yuan in 2022, which will increase by 250.95 million yuan to 292.95 million yuan compared with the same period last year (statutory disclosure data).

Main business impact: First, the entity revenue grew rapidly. According to the company's development orientation of "building a first-class light industry military and civilian security system builder with distinctive military civilian integration characteristics, military police support, and emergency protection core capabilities", the company focused on the entity's main business, and the contracting volume of military supplies orders and epidemic prevention emergency supplies orders increased significantly year on year, and the gross profit increased year on year; Second, centering on the positioning of "business entity", the three-year action task of state-owned enterprise reform has been fully completed, enterprise restructuring and integration has been accelerated, and reform work such as "Shuangbai", "Science and Technology Reform" and "Little Giant" has achieved results. Talent system and mechanism reforms such as "unveiling and taking the lead", "horse racing" and "project system" have been further promoted, which has effectively stimulated the vitality of enterprise development; Third, take advantage of the whole industrial chain of Jihua Shares to strengthen collaboration, improve the collaboration level between upstream and downstream enterprises such as fabric and clothing, rubber and footwear, create overall advantages, and improve the quality and efficiency of production and operation.

Impact of non operating profit and loss: the amount of non recurring profit and loss of the company in 2022 is about 266 million yuan, mainly including dividends of holding shares of Xinxing Jihua Investment Co., Ltd. and various government subsidies received.

According to the data, Jihua Group is mainly engaged in the R&D, production and sales of professional clothing, professional shoes and boots, textile printing and dyeing, protective clothing and other products, and carries out domestic trade around the upstream and downstream of the main industry chain and international trade focusing on the export of military supplies.