Net Profit Decreased By About 689.6% In Shanghai

Shanghai Sanmao (600689) released the performance forecast for the first half of 2022 on the evening of July 14. The company's expected profit in the first half of 2022 is about 263200 yuan, which will decrease by about 6.5725 million yuan compared with the same period of last year (statutory disclosure data), which is about 96.15% lower than the same period of last year. The net profit attributable to the shareholders of the listed company after deducting non recurring profit and loss is about - 1.4957 million yuan, which will increase the loss by about 1.28 million yuan compared with the same period of last year (legally disclosed data).

Affected by the epidemic situation, the performance of each business sector of the company decreased by about 1.3 million yuan compared with the same period of last year. The production and transportation links of import and export trade are not smooth, and the cost is rising, which leads to the decline of business profit, while the uncertainty of supply and transportation timeliness weakens the ability to obtain new orders; Although the income of security service business increased compared with the same period, the expenditure on anti epidemic materials and anti epidemic reward for employees increased during the epidemic period, resulting in the decrease of business profit by about 30%; In addition, the company implemented rent relief for eligible tenants in accordance with regulations, resulting in a decline in revenue and profits in the park's leasing business sector.