*St Beineng (000803): Turn Losses Into Profits In 2020, With A Pre Profit Of 35 Million Yuan-52.5 Million Yuan

* ST beineng (000803. SZ) disclosed the annual performance forecast of 2020. It is estimated that in 2020, the net profit attributable to the shareholders of the listed company will be 35 million to 52.5 million yuan, with a loss of 157 million yuan in the same period of the previous year (after restructuring); the net profit after deducting non recurring profit and loss is 7 million to 10.5 million yuan, and the loss of 153 million yuan in the same period of last year (after restructuring). During the reporting period, the company achieved substantial growth in performance, mainly due to the following reasons:

1. During the reporting period, the company acquired the equity of Beikong Shifang (Shandong) Environmental Protection Energy Group Co., Ltd. and the equity of Beijing Xincheng Thermal Power Co., Ltd., which were included in the consolidated statement scope of subsidiaries, as well as the income growth of energy management contract projects, equipment sales and service business between the company and its subsidiaries. The above matters made the company's environmental and thermal business performance The profit of the company will be turned from deficit to profit in the same period.

2. During the reporting period, the amount affected by the non recurring profit and loss ranges from 28 million yuan to 42 million yuan, which is mainly caused by that the investment cost of the company's acquisition of subsidiaries, joint ventures and joint ventures is less than the income generated by the fair value of the identifiable net assets of the investee when the investment is obtained. The above non recurring profit and loss amount shall be subject to the data disclosed in the annual report of 2020.

In addition, 29.0193 million yuan of equity incentive expenses were confirmed during the reporting period.