Yueda Investment (600805): A Loss Of 799 Million Yuan In 2021

Yueda investment (600805. SH) announced the annual performance loss in 2021, and the company's annual performance in 2021 is expected to be -799 million yuan. It is estimated that the net profit of shareholders of listed companies after deducting non recurring profit and loss in 2021 is -817 million yuan.

The main reasons for the loss in advance are as follows:

(1) Dongfeng Yueda Kia Automobile Co., Ltd., which holds 25% of the company's shares, will continue to make a loss in 2021 due to factors such as the decrease of production and sales of core shortage and the price rise of precious metals, which affects the net profit of the company's parent company of - 531 million yuan.

(2) Jiangsu Jinghu Expressway Co., Ltd., which owns 21% of the company's shares, is currently in the process of reconstruction and expansion. Some assets such as bridges and interchange roads are demolished during construction. In 2021, Jiangsu Jinghu Expressway Co., Ltd. will write down intangible assets and fixed assets for the above demolished assets. Shaanxi Xitong Expressway Co., Ltd., which owns 70% of the company's shares, will withdraw road maintenance costs in 2021. The total impact of the above two items on the company's net profit attributable to the parent company was about RMB - 167 million.