Bank Of China Cashmere Industry ((000982): Net Profit In 2021 Will Increase By 15.1% - 30.24%

Bank of China cashmere (000982. SZ) announced its performance forecast for 2021. The company expected to achieve net profit of 38 million yuan – 43 million yuan belonging to shareholders of Listed Companies in 2021, an increase of 15.1% - 30.24% over the same period of last year; It is estimated that the net profit after deducting non recurring profit and loss in 2021 will be 17.72-27.72 million yuan.

The reasons for the change of performance are as follows:

1. With the recovery of textile industry, the operating income of the company in the reporting period increased significantly compared with the same period of last year;

2. During the reporting period, the company's trading financial assets increased the income from changes in fair value and realized investment income by 20.4673 million yuan, and increased the profit of the reporting period by 2046.73 yuan;

3. During the reporting period, the company invested and acquired juhengyi New Material Co., Ltd. and Ligu new energy Co., Ltd., and the newly added subsidiaries were included in the scope of the company's consolidated statements, which had a positive effect on the company's performance.

4. The company implemented the employee stock ownership plan at the end of September 2021, and the share based payment expenses to be amortised this year were about 11.34 million yuan. ESOP has a negative effect on the fourth quarter performance of the company.