The company's homing net profit turned from loss to profit in the first half of 2021, and the homing net profit was 7 million yuan to 9 million yuan. The company issued a half-year performance forecast for 2021: the company's homing net profit in the first half of 2021 was 7 million yuan to 9 million yuan, corresponding to earnings per share of 0.010 yuan per share to 0.013 yuan per share. The net profit of the company in the same period last year was a loss of 72.5731 million yuan.
The company deducted a non-return net profit of about 40.2466 million yuan to a loss of 42.2466 million yuan in the first half of 2021. The company issued a notice on obtaining government subsidies on June 17: from January 1 to May 10, 2021, the company received a total of 41182072.58 yuan in all kinds of government subsidies, and as of June 15, 2021, the company received a total of 8064548.28 yuan in government subsidies.
If the government subsidy is not taken into account, the company's non-return net profit in the first half of 2021 is about 40.2466 million yuan to a loss of 42.2466 million yuan, corresponding to a loss of 0.059 yuan per share to a loss of 0.062 yuan. In the same period last year, the company deducted a non-return net profit of 155.8549 million yuan, narrowing the loss. Mainly due to the company's focus on the main retail business during the reporting period, continue to pay attention to the enterprise's internal efficiency management, constantly optimize the supply chain, strengthen cost control, expand online business, improve quality and efficiency. In the same period of 2020, affected by the epidemic situation of COVID-19, many of the company's stores closed down, coupled with the increase in labor costs, transportation epidemic prevention, elimination and other rigid costs, resulting in a large loss in the first quarter of 2020.
The company's investment in the establishment of a wholly-owned subsidiary is beneficial for the company's digital transformation company to issue an announcement on June 1 on the establishment of a wholly-owned subsidiary: based on the needs of business development, the company plans to set up a wholly-owned subsidiary Wuhan Zhongbai Digital Technology Co., Ltd with its own capital of 100 million yuan, which will help the company to accelerate the development of digital transformation and online and offline integration, and enhance the comprehensive market competitiveness.
Maintain the profit forecast and maintain the "overweight" rating
The company's performance is in line with expectations, we maintain the company's 2021 / 2022 / 2023 EPS forecast of 0.01max 0.01max 0.02 yuan, the company continues to improve management efficiency, digital layout development transformation, maintain the "overweight" rating.
Risk hint
The effect of cooperation with Yonghui is not as expected, and the effect of store upgrading is not as expected.