Viewpoint News:On January 21, Hangzhou Hongquan Internet of Things Technology Co., Ltd. released the 2021 annual performance forecast.It is expected that the net profit attributable to the owners of the parent company will be about 29 million yuan in 2021, a year-on-year decrease of about 67.16%.
Viewpoint New Media was informed that, according to preliminary calculations by the financial department of Hangzhou Hongquan Internet of Things Technology Co., Ltd., it is expected that the net profit attributable to owners of the parent company will be about 29 million yuan in 2021, which is similar to the same period in 2020 (statutory disclosure data). Compared with the previous year, it will be reduced by about 59.3066 million yuan, a year-on-year decrease of about 67.16%. It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2021 will be about 21.000 million yuan, which will decrease by about 60.2212 million yuan compared with the same period in 2020 (statutory disclosure data), a year-on-year decrease of about 74.14% .
Regarding the reasons for the decline in performance, according to Hongquan IOT, during the reporting period, due to the slowdown in economic growth and the shrinking demand for infrastructure and real estate terminals, customer demand in the second half of 2021 dropped sharply and continued for a long time. Affected by the new crown epidemic, financial policies and business models, the relevant policies in the aftermarket market have been slowly promoted and the implementation cycle has been extended, resulting in a significant decrease in the company’s aftermarket business revenue during the reporting period compared with the same period of the previous year. ; The semiconductor supply chain continued to be tight, which also pushed up the purchase price of raw materials; in order to meet the needs of business development and continuous innovation, Hongquan IOT continued to increase R&D investment, and further enhanced the strength of the R&D team by introducing high-level talents. There was a large increase in the same period last year, which had a direct impact on net profit.