From a profit of 200 million to a huge loss of more than 900 million HNA foundation suffered by the related parties dragged down performance changes face

From a profit of 200 million to a huge loss of more than 900 million HNA foundation suffered by the related parties dragged down performance changes face
On the evening of April 22, HNA Basic (600515) issued a notice of performance corrections. The company expects net profit attributable to shareholders of listed companies in 2019-12.50 billion to -9.50 billion, -171 in the past decade.34% to -154.22%; non-net profit deduction is -8.3.7 billion to -11.3.7 billion yuan.According to the 2019 annual performance pre-announcement disclosed by HNA Foundation on January 23, 2020, the net profit attributable to shareholders of listed companies is expected to be between 200 million and 300 million US dollars.2.4.9 billion to 3.4.9 billion yuan.In this regard, HNA Foundation said that when the company announced its performance in January 2020, it mainly accrued the bad debt provision for receivables based on the actual loss method. It is currently affected by factors such as the liquidity risk of HNA Group.Liquidity risks increase, and there is uncertainty in the restructuring of related party receivables in the future. Therefore, the expected loss method has been used to increase the proportion of related party budget receivables, which leads to earlier impairment losses.Forecast estimates increased by 8.6.9 billion yuan.In addition, the joint ventures invested by the company, Haikou Meilan International Airport Co., Ltd. and Sanya New Airport Investment and Construction Co., Ltd., were also affected by factors such as HNA Group ‘s liquidity risk, which led to the deviation of the actual operating performance of the joint venture from expectations.Related party assets have increased the expected loss ratio, and the investment loss needs to be increased by adopting the equity method of accounting3.9 billion yuan.Sauna, Ye Wang Zhang Zeyan editor Xu Chao proofreading Wang Xin