KraussMaffei is expected to lose 1.58 billion to 1.89 billion yuan in 2022

KraussMaffei Co., Ltd. recently released an announcement on the pre-loss of 2022 annual results. According to preliminary calculations by the company’s financial department, it is estimated that in 2022
The annual net profit attributable to the owners of the parent company is between -1.58 billion yuan and -1.891 billion yuan (currency unit: RMB, the same below). It is estimated that by 2022
The annual net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is between -1.403 billion yuan and -1.676 billion yuan.

KraussMaffei stated that during the reporting period, the company’s main business income increased slightly year-on-year, and the net loss attributable to owners of the parent company increased significantly year-on-year, mainly due to the company’s important subsidiary German KraussMaffei Group Co., Ltd. (hereinafter referred to as Abbreviated as “KM
Group”) losses increased.

On the one hand, during the reporting period, the impact of the conflict between Russia and Ukraine continued, the political and economic situation in the world evolved complicatedly, the global economic recovery expectations continued to be lowered, and the downward pressure on the economy continued to increase. KM
Problems such as unstable supply chains in Germany and the entire European region where the group’s business is relatively concentrated, significant increases in the prices of major raw materials and energy, and bottlenecks in logistics and transportation have not been fundamentally improved. KM
The group’s material procurement, order production, product delivery and revenue recognition have been greatly affected.

At the same time, during the reporting period, the new crown epidemic was repeated, and mutated strains appeared frequently, superimposed on the impact of domestic epidemic containment measures, including KM
Subsidiaries of the company, including the Group, are adversely affected by supply chain interruptions, port blockades, and business development disruptions.