Securities code: 688669 securities abbreviation: Polyrocks Chemical Co.Ltd(688669) Announcement No.: 2022-010 Polyrocks Chemical Co.Ltd(688669)
Announcement of 2021 annual performance express
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
The main financial data of 2021 contained in this announcement are preliminary accounting data, which have not been audited by an accounting firm. The specific data are subject to the company's regular report of 2021, and investors are reminded of investment risks. 1、 Main financial data and indicators in 2021
Unit: RMB
Increase or decrease range items in the same period of last year in the current reporting period
（％）
Total operating income 2764370649.51 1924446040.90 43.65
Operating profit 105201611.63 242950972.86 -56.70
Total profit 107736806.11 237622847.25 -54.66
Owned by the parent company
Net profit of 84503591.64 158755369.76 -46.77
Owned by the parent company
Net profit after deducting non recurring profits and losses of 12183773.38, 159122954.68 -92.34
Basic earnings per share (yuan) 0.92 2.27 -59.47
The weighted average net assets decreased by 21.29 percentage points, with a yield of 6.05% and 27.34%
Increase / decrease range at the end of the reporting period at the beginning of the reporting period
（％）
Total assets 3693353289.03 1679027793.46 119.97
Assets attributable to the parent company
Owner's equity 1503555631.93 653122455.04 130.21
Share capital 93333334 70000000 33.33
Owned by the parent company
The net assets per share of investors are 16.45 9.32 76.50
(yuan) Note: 1 The beginning amount of this report is the same as the end amount of the previous year legally disclosed.
2. The above financial data and indicators are filled in with unaudited consolidated statement data.
2、 Description of operating performance and financial status
(I) operating conditions, financial conditions and main factors affecting operating performance during the reporting period.
In 2021, the company achieved a total operating revenue of 2.764 billion yuan, an increase of 43.65% over the previous year; The total profit was 108 million yuan, a decrease of 54.66% over the previous year; The net profit attributable to the shareholders of the listed company was 84.5036 million yuan, a decrease of 46.77% over the previous year; The basic earnings per share was 0.92 yuan, a decrease of 59.47% over the previous year; The weighted average return on net assets was 6.05%, down 21.29 percentage points from the previous year.
At the end of the reporting period, the total assets of the company were 3.693 billion yuan, an increase of 119.97% over the beginning of the year; The owner's equity attributable to the parent company was 1.504 billion yuan, an increase of 130.21% over the beginning of the year; The share capital was 93.33334 million shares, an increase of 33.33% over the previous year; The net assets per share attributable to shareholders of listed companies were 16.45 yuan, an increase of 76.50% over the previous year. The company continued to focus on the main business line of "modified plastic additives modified plastic particles modified plastic products". Product sales and trade increased, and the company's operating revenue increased steadily during the reporting period. However, due to many factors such as the rise in the price of upstream raw materials and the increase in period expenses caused by production, construction and R & D investment, the company's operating performance decreased.
(II) analysis on the reasons for the change of indicators with the increase or decrease range of more than 30% of the project
The main reasons for the 43.65% year-on-year increase in the company's total operating revenue are as follows: 1. The company's upstream raw material prices rose, the company raised the corresponding selling price of products, and the company's product sales increased, resulting in the growth of the company's operating revenue; 2. The growth of the company's trade income; 3. The company has brought extensive growth through mergers and acquisitions.
The operating profit of the company decreased by 56.70%, the total profit decreased by 54.66%, and the net profit attributable to the owner of the parent company decreased by 46.77%. The main reasons are as follows: 1. The price of upstream raw materials and the price of main auxiliary materials increased during the reporting period, resulting in a significant decline in the sales gross profit margin compared with the same period last year; 2. The company actively expanded upstream and downstream industrial chains, built multiple industrial bases, and continued to increase R & D investment. During the reporting period, the company's management expenses and R & D expenses increased significantly compared with the same period of last year.
The main reason for the decrease of 92.34% in net profit excluding non recurring profit and loss attributable to the owner of the parent company is that during the reporting period, the company acquired 55% equity of Guangdong Guanzhen Technology Co., Ltd. with RMB 132 million, forming a goodwill of RMB 108 million.
Affected by the decline of the epidemic and the overcapacity of protective clothing, the operating performance of Guangdong Guanzhen Technology Co., Ltd. declined significantly during the reporting period, which affected its future profitability. According to the analysis of the future operating performance of Guangdong Guanzhen Technology Co., Ltd., there were signs of impairment of goodwill, and it is proposed to withdraw a large impairment of goodwill during the reporting period. At the same time, in combination with the possibility of performance realization of Guangdong Guanzhen Technology Co., Ltd. in the whole commitment period, the credit risk and solvency of the payer of performance compensation and other factors, the company recognizes the contingent consideration related to performance commitment as financial assets measured at fair value and whose changes are included in the current profit and loss, and plans to recognize performance compensation in this period, The compensation amount is included in non recurring profits and losses.
The total assets of the company increased by 119.97%, the owner's equity attributable to the parent company increased by 130.21%, the share capital increased by 33.33%, and the net assets per share attributable to the owner of the parent company increased by 76.50%. The main reasons are as follows: first, during the reporting period, the company completed the initial public offering of IPO, issued 2333333400 new shares, and obtained a net raised capital of 775.7297 million yuan; Secondly, the company expanded its production and operation scale, and increased the corresponding operating liabilities and bank borrowings on the premise of maintaining a relatively stable debt ratio; Finally, through mergers and acquisitions, it will bring about extensive growth and increase the assets included in the company's consolidated statements.
3、 Risk tips
The main financial data of 2021 contained in this announcement are preliminary accounting data, which have not been audited by an accounting firm. The specific data shall be subject to the data disclosed in the company's 2021 annual report, and investors are reminded of investment risks.
It is hereby announced.
Polyrocks Chemical Co.Ltd(688669) board of directors February 26, 2022
