Shenzhen Textile A (000045): One Month Rent Reduction In Response To New Coronavirus Pneumonia

Shenzhen textile a (000045. SZ) announced that in order to further help small and micro enterprises and individual businesses in the service industry, jointly respond to the epidemic situation and actively perform social responsibilities, the company actively responds to the call of the Shenzhen Municipal Party committee and the state owned assets supervision and Administration Commission, formulates the implementation plan for rent reduction and exemption of the company's and its wholly-owned enterprises' own property, tide over difficulties with customers, bravely shoulder the social responsibility of state-owned enterprises, and help win the epidemic The war of prevention and control.

The object of property rent exemption: non state owned enterprises, scientific research institutions, medical institutions and individual industrial and commercial households directly or indirectly renting the property owned by wholly-owned enterprises. 259 tenants in Shenzhen are involved in this reduction, and the specific tenants shall be subject to the actual implementation.

Types and scope of rent free property: all owned properties except residential property held by the company and its wholly-owned enterprises, including factory buildings, innovative industrial buildings, office buildings, shops, warehousing and logistics facilities, supporting service rooms, etc., specifically, block a, block B and block C of shenfang building, Bagualing warehouse building, Lishi building, Nanlian District of Longgang and Tianbei district District, Huangbeiling area and other properties, with a total area of 74900 square meters.

Exemption (from January 2020 to November 2020).

Amount of exemption: it is estimated that the rent deduction will not exceed 6.9538 million yuan.

It is estimated that the rent relief will affect the company's operating income in 2020 of RMB 6.9538 million, accounting for about 0.32% of the audited operating income in 2019; it is estimated that the impact of the rent relief on the net profit attributable to shareholders of Listed Companies in 2020 will be about RMB 4.967 million, accounting for about 25.24% of the audited net profit attributable to shareholders of Listed Companies in 2019. The impact of the rent reduction on the company's operating revenue in 2020 and the net profit attributable to shareholders of listed companies is the estimated data without audit.