Novogene: Net Profit in 2021 is Expected to Increase by 419.99%-523.99% year-on-year

Recently, Novogene released the finance forecast that the net profit attributable to owners of the parent company in 2021 was 190 million to 228 million yuan, a year-on-year increase of 419.99% to 523.99%.

Explanation of the reasons for the change in performance:

(1) Impact on main business compared with the same period of the previous year, the business of Novogene affected by the COVID-19 epidemic gradually recovered during the reporting period, and both human efficiency and production capacity utilization rate have been greatly improved. The continuous application of flexible and intelligent production lines has promoted the improvement of the company's service delivery quality and accelerated cycle, significantly improved customer service experience, and also optimized the company's cost structure, achieving cost reduction and efficiency enhancement.

(II) Novogene estimates that non-recurring profit and loss will affect the net profit attributable to owners of the parent company of approximately RMB 40 million to RMB 48 million, mainly due to the additional deduction of value-added tax and non-current financial Gains from changes in fair value of assets, compared to non-recurring gains and losses in the same period last year amounted to RMB 14.48 million.