Hongli Zhihui: Net profit attributable to the full year of 2021 is expected to be 253 million yuan to 293 million yuan, an increase of 172.65% to 215.76% over the previous year

Hongli Zhihui 2022-01-21 issued a performance forecast, is expected to be 2021 full year attributable net profit of 253 million yuan to 293 million yuan, an increase of 172.65% over the previous year to 215.76%.

The reasons for this performance change are: the main reasons for the change in the company's 2021 annual performance compared with the same period of the previous year: 1. During the reporting period, the LED market demand picked up, the company fully grasped the opportunities for the development of the industry, actively developed the market, and the sales scale increased significantly over the same period last year. 2. During the reporting period, the company adhered to the development idea of "focusing on the main business, integrating and improving efficiency", and sold 80% of the equity of its wholly-owned subsidiary Dongguan Gold Hardware Co., Ltd. (renamed Guangdong Gold Material Technology Co., Ltd. in October 2021) (hereinafter referred to as "Gold Technology") in September 2021, and after the sale of the above equity, it was no longer included in the scope of the company's consolidated statements. 3. It is expected that the impact of non-recurring profit and loss on the company's net profit in the reporting period will be about 53 million yuan, and the non-recurring profit and loss items are mainly the profit and loss on the disposal of non-current assets such as the disposal of 80% of the equity of the subsidiary Gold Material Technology and the various government subsidies received.

According to the third quarter report of Hongli Zhihui in 2021, the company's main revenue was 3.061 billion yuan, up 45.28% year-on-year; the net profit attributable to the mother was 217 million yuan, up 242.35% year-on-year; the deduction of non-net profit was 179 million yuan, up 382.59% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 1.057 billion yuan, up 36.09% year-on-year; the single-quarter net profit attributable to the mother was 75.4965 million yuan, up 214.78% year-on-year. In a single quarter, the non-net profit was 50.472 million yuan, up 178.81% year-on-year; the debt ratio was 52.33%, the investment income was 36.4008 million yuan, the financial expenses were 11.7506 million yuan, and the gross profit margin was 22.24%.

A total of 5 institutions have given ratings and 5 buy ratings in the last 90 days; the target average price of institutions in the past 90 days has been 18.84; the Securities Star Valuation Analysis Tool shows that Hongli Zhihui (300219) good company rating is 2.5 stars, good price rating is 1 star, and valuation comprehensive rating is 1.5 stars. (Rating Range: 1 ~ 5 stars, maximum 5 stars)

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