Nanfang Shares (600250):2018 Annual Performance Increase

Nanjing textiles import and export Limited by Share Ltd 2018 annual performance announcement

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important note:

The company expects to achieve net profit of 160 million yuan to 206 million yuan attributable to shareholders of Listed Companies in 2018, which is expected to increase from 66 million 290 thousand yuan to 112 million 290 thousand yuan compared with the same period last year, an increase of 71% to 120% over the same period last year.

The main reason for the increase in the current period is the increase in investment income of the joint venture and the sharp decrease in its financial expenses.

The company expects net profit from non recurring gains and losses attributable to shareholders of Listed Companies in 2018 increased by 60 million 890 thousand yuan to 106 million 890 thousand yuan compared with the same period last year, an increase of 72% to 126% over the same period last year.

1. The current performance notice.

(1) during the performance notice period

From January 1, 2018 to December 31, 2018.

(two) performance notice

1. after preliminary calculation by the company's financial department, it is estimated that the net profit attributable to shareholders of Listed Companies in the year 2018 will be 160 million yuan to 206 million yuan, which is expected to increase from 66 million 290 thousand yuan to 112 million 290 thousand yuan compared with the same period last year, an increase of 71% to 120% over the same period last year.

2. the company expects 2018 net profit from non recurring gains and losses attributable to shareholders of listed companies increased by 60 million 890 thousand yuan to 106 million 890 thousand yuan compared with the same period last year, an increase of 72% to 126% over the same period last year.

3. the company's expected performance has not been audited by a certified public accountant, and the CPA has not issued a special explanation for the company's current performance forecast.

Two, performance in the same period last year

(1) net profit attributable to shareholders of listed companies: 93 million 711 thousand and 300 yuan, net profit after deducting non recurring gains and losses attributable to shareholders of listed companies: 85 million 110 thousand and 900 yuan.

(two) basic earnings per share: 0.36 yuan.

Three, the main reason for the increase in the current period.

(1) the important joint venture of the company is expected to increase steadily in the 2018 year, and the shareholding ratio of the company has increased during this period, so that the investment income of the company increased by 26 million yuan to 72 million yuan over the same period, up 13% to 36% over the same period.

(two) thanks to the devaluation of RMB and the reduction of capital and efficiency measures, the company's current financial expenses decreased by about 40 million yuan compared with the same period last year, down 50% from the same period last year.

Four, risk warning

Because of the relatively high investment income identified by the equity method in the composition of the company's net profit, the accuracy of the forecast results of the joint venture's current performance has a greater impact on the accuracy of the company's performance prediction. The annual performance data provided by the joint venture enterprise is only the initial measurement data.

Five, other explanatory matters

The above forecast data is only the initial accounting data of the company's financial department based on its own professional judgment. The accurate and accurate financial data is based on the audited 2018 annual report officially disclosed by the company. Investors are invited to pay attention to investment risks.

Notice hereby

The board of directors of Nanjing textiles import and export Limited by Share Ltd

January 31, 2019