Huamao Co., Ltd. (000850): Profit To Loss Of 60-90 Million Yuan In The First Half Of The Year

Huamao (000850) released the semi annual performance forecast of 2022 on the evening of July 14. It is estimated that the net loss attributable to the shareholders of the listed company will be RMB 90 million – 60 million, from profit to loss on a year-on-year basis. After deducting the non recurring profit and loss, the net profit was 55 million to 85 million yuan, with a year-on-year decrease of 25.53% - 51.82%. RMB 090.0 per share.

During the reporting period, the fair value of the company's securities assets (Guotai Junan, Guangfa Securities, etc.) declined, affecting the profit and loss of about 200 million yuan, which belongs to the non recurring profit and loss item; At the same time, affected by the epidemic situation and the political and economic environment at home and abroad, the global commodity prices fluctuated sharply, the domestic textile industry demand was weak, and the company's textile business profit level decreased year on year.