Securities code: 002947 securities abbreviation: Suzhou Hengmingda Electronic Technology Co.Ltd(002947) Announcement No.: 2022-027 Suzhou Hengmingda Electronic Technology Co.Ltd(002947)
Financial statement report of 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records and misleading statements
Or major omission.
Suzhou Hengmingda Electronic Technology Co.Ltd(002947) (hereinafter referred to as “the company”) has audited the parent company’s and consolidated balance sheet as of December 31, 2021, the parent company’s and consolidated income statement in 2021, the parent company’s and consolidated cash flow statement in 2021, the parent company’s and consolidated statement of changes in owner’s equity in 2021 and the notes to relevant statements, And issue a standard unqualified audit report. 1、 Main financial data and indicators
In 2021, based on the established annual plan, the board of directors actively responded to market changes including the repeated global covid-19 epidemic and the fluctuation of upstream raw material prices, realized a total operating revenue of 113.01695 million yuan, an operating profit of 44.1226 million yuan, a total profit of 43.3353 million yuan and a net profit attributable to shareholders of listed companies of 31.264 million yuan, After deducting the expenses due to the equity incentive plan, the net profit attributable to the shareholders of the listed company is 121.2679 million yuan.
（1） In the first half of 2021, in order to expand the company’s technical advantages and optimize the product structure, the company increased its R & D efforts, and the R & D expenses increased significantly compared with the same period of the previous year. At the same time, due to the seasonal price reduction of some products of the original old models and the initial stage of mass production of new products, the profitability of the company in the first half of the year was affected to a certain extent.
（2） In the second half of 2021, with the positive expansion of the consumer electronics industry in the early stage, the results of the early R & D investment were shown. The company greatly optimized its product structure and process level. With the further improvement of the production scale and operation efficiency of new products, the company repaired the impact of technological difficulties and limited production capacity in the early stage, Realized the double growth of operating revenue and profit.
（3） During the reporting period, the company terminated the 2020 equity incentive plan based on the assessment results and the company’s future development plan. In 2021, due to the implementation and termination of the equity incentive plan, the amount of pre tax expenses was 89.7778 million yuan, and the amount of after tax impact on the current net profit was 90.038 million yuan.
（4） In 2021, the company successfully achieved the phased strategic goal and realized the long-term and healthy improvement of profitability by obtaining new product orders, ensuring product quality, improving automation level and comprehensively controlling costs.
The main accounting data and financial indicators are as follows:
Proportion of change from 2021 to 2020
Operating income (yuan): 1130169487.23 643623742.97 75.59%
Net profit attributable to shareholders of listed company (yuan): 31264033.24 105033715.84 – 70.23%
Net profit attributable to shareholders of listed company after deducting the expenses of equity incentive plan 121267878.02 122679012.85 – 1.15%
Net profit attributable to shareholders of listed company after deducting non recurring profit and loss 78484191.30 76173930.23 3.03% (yuan)
Net cash flow from operating activities (yuan) -44800538.43 142958182.43 -131.34%
Basic earnings per share (yuan / share) 0.19 0.6615 – 71.28%
Diluted earnings per share (yuan / share) 0.19 0.6615 – 71.28%
Weighted average return on net assets 2.19%, 8.50% – 6.31%
Change proportion at the end of 2021 and 2020
Total assets (yuan): 2195187015.16 1660543910.87 32.20%
Net assets attributable to shareholders of listed companies (yuan) 1710608949.66 1267821102.22 34.93%
2、 Analysis of asset composition
Change proportion of the project from December 31, 2021 to December 31, 2020
Current assets:
Monetary capital 385651378.06 327414822.44 17.79%
Trading financial assets 25000000.00 35000000.00 – 28.57%
Notes receivable 9636446.16 525807.95 1732.69%
Accounts receivable 591475038.38 313751360.14 88.52%
Receivables financing 3033006.25 2568953.31 18.06%
Prepayment 3439288.59 3104152.46 10.80%
Other receivables 9626611.03 8342459.50 15.39%
Inventory 207487137.63 94391711.61 119.81%
Other current assets 496881011.87 575520350.96 – 13.66%
Total current assets 173229917.97 1360619618.37 27.31%
Non current assets:
Fixed assets 234830074.62 155504611.18 51.01%
Construction in progress 31967010.47 14106318.14 126.61%
Right to use assets 15738463.32
Intangible assets 73014660.08 23666485.05 208.52%
Goodwill 74061739.50 0.00%
Long term deferred expenses 12823930.30 9376903.45 36.76%
Deferred income tax assets 8918022.43 6273268.44 42.16%
Other non current assets 11603196.47 16934966.74 – 31.48%
Total non current assets 462957097.19 299924292.50 54.36%
Total assets 2195187015.16 1660543910.87 32.20%
The total assets at the end of 2021 was 2195187015.16 yuan, an increase of 32.20% over the opening balance, of which current assets increased by 27.31% over the opening balance and non current assets increased by 54.36% over the opening balance. The main reasons for the increase and decrease of various items are as follows:
1. The increase of monetary capital compared with the beginning of the period is mainly due to the increase of funds raised by non-public offering of shares in the current period;
2. The increase of accounts receivable compared with the beginning of the period is mainly due to the increase of accounts receivable caused by the increase of sales revenue;
3. The increase of prepayment compared with the beginning of the period is mainly due to the increase of prepayment for materials;
4. The increase of inventory compared with the beginning of the period is mainly due to the company’s active preparation in order to meet the growing demand for orders;
5. The decrease of other current assets compared with the beginning of the period is mainly due to the decrease of the company’s principal guaranteed financial management with idle funds in the current period;
6. The increase of fixed assets over the beginning of the period is mainly due to the new plant and increased equipment investment in the current period;
7. The increase of construction in progress compared with the beginning of the period is mainly due to the new plant engineering in the current period;
8. The increase of intangible assets over the beginning of the period is mainly due to the increase of land use rights in the current period;
9. The long-term deferred expenses increased compared with the beginning of the period, mainly due to the decoration expenses of new plants;
10. Other non current assets increased compared with the beginning of the period, mainly due to the increase of equipment prepayment of the company in the current period.
3、 Analysis on the composition of liabilities and owner’s equity
Change proportion of the project from December 31, 2021 to December 31, 2020
Current liabilities:
Short term loan 3149100.00
Notes payable 36912918.25 7200000.00 412.68%
Accounts payable 357995385.25 192307362.32 86.16%
Contract liabilities 594191.84 2151049.20 – 72.38%
Payroll payable 31883532.78
