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貴人鳥(603555.SH)2019年虧損擴大 預虧7.65-9.15億元
格隆匯 01-21 16:57

格隆匯1月21日丨貴人鳥(603555.SH)發佈2019年年度業績預告,預計2019年年度實現歸屬於上市公司股東的淨利潤將繼續出現虧損,實現歸屬於上市公司股東的淨虧損7.65億元到虧損9.15億元。歸屬於上市公司股東扣除非經常性損益後的淨虧損7.1億元到虧損8.6億元。

報告期內,公司業績虧損主要系自主貴人鳥品牌的營業利潤出現虧損。具體原因包括:

(1)銷售費用增加。2018年末起,貴人鳥品牌在14個重點省級區域的銷售模式從原來的“批發”改為“直營+聯營/類直營”並調整對經銷商的支持政策,導致公司2019年全年新增較大的終端渠道人員薪酬、終端銷售及返利等費用,預計影響2019年當期損益約-1.8億元;

(2)存貨減值損失的增加。因2018年末起銷售模式的調整,導致報告期末存貨的增加,按照公司存貨跌價準備計提政策核算,報告期末公司存貨跌價損失金額約為1.2億元;

(3)信用減值損失的增加。根據新金融會計準則的規定,報告期末,公司對貴人鳥品牌客户的經營能力和回款能力重新進行梳理及評估,對期末應收賬款計提減值損失。報告期末,公司計提信用減值損失金額為4.83億。

以及非經營性損益的影響。長期股權投資減值損失的增加。報告期內,由於公司對BOY的借款逾期,根據協議及相關通知,公司持有的BOY32.96%股權被BOY全部罰沒抵債的可能性極大,截至目前,由於該股權罰沒處置尚未實際完成,仍在公司名下,但根據會計準則及謹慎性原則,公司對該筆股權對應的“長期股權投資”計提相應減值,預計該資產減值影響當期損益約-0.84億元。

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