Longchen Paper & Packaging: Explanation of Difference Between Self-Assessed Earnings Figure and CPA Audited Figures in Q4 2021 Financial Reports

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Supplied by: Longchen Paper & Packaging Co., Ltd.

SEQ_NO

1

announcement date

04/01/2022

Announcement time

17:01:26

Topic

 Explanation of difference between amount of
self-assessed profit and figures audited by CPA in
Q4 2021 financial reports

Date of events

04/01/2022

What item it responds to

paragraph 51

Declaration

1.Date of occurrence of the event:2022/04/01
2.Company name:Longchen Paper & Packaging Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:The difference between the amount of
self-assessed profit and figures audited by CPA was auditors'
adjustment of coal Inventory falling Price Loss and coal onerous
contract for 2021.
difference amount
Unit:NT$/thousands                     For the year ended December 31,2021
Item                             audited   self-assessed   difference amount
Consolidated operating profit:   866,968       1,062,012           (195,044)
Consolidated pre-tax profit:     484,344         771,358           (287,014)
6.Countermeasures:None.
7.Any other matters that need to be specified:None.

Warning

Long Chen Paper Co.Ltd. published this content on April 01, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on Apr 01, 2022 09:12:05 UTC.

Public now 2022

All news about LONGCHEN PAPER & PACKAGING CO., LTD.

Sales 2021 56,608M
1,976 million
1,976 million
Net income 2021 2,353 million
82.1M
82.1M
Net debt 2021 38,412M
1,341 million
1,341 million
PER 2021 ratio 13.3x
2021 performance 4.92%
Capitalization 27,342 million
954M
954M
EV / Sales 2020 1.60x
EV / Sales 2021 1.23x
# of employees 4,520
Floating 51.9%

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Last closing price 21.40
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