According to the Zhitong Finance App, Guirenniao (603555.SH) issued a 2022 performance reduction announcement. The net profit attributable to shareholders of listed companies is expected to be 74.7692 million yuan in 2022, a decrease of 79.27% over the previous year.

The main reason for the performance reduction: In 2021, the company implemented judicial restructuring and execution of the restructuring plan to achieve large debt restructuring benefits, which had a significant positive impact on the company's operating performance for the year; the company provided a guarantee for the related party, Hubei Jie Zhi Xing Sports Industry Development Co., Ltd. (“Jie Zhi Xing”), and was required to assume corresponding guarantee liability according to relevant judicial decisions. The guarantee liability will be settled in the future in accordance with the relevant provisions of the restructuring plan. The impact on 2022 net profit is estimated to be about -81.5 million yuan.

Furthermore, in 2022, according to the company's annual operating plan, the company continued to increase its investment in the grain trade sector, set up a number of subsidiaries to strengthen its layout in the grain business sector, and the scale of the grain trade business increased significantly.