Henan Liliang Diamond Co.Ltd(301071)
Annual financial statement report of 2021
Henan Liliang Diamond Co.Ltd(301071) (hereinafter referred to as “the company”) has audited the financial statements of 2021 by Dahua Certified Public Accountants (special general partnership) and issued an unqualified audit report of Dahua Shenzi [2022] No. Hunan Tv & Broadcast Intermediary Co.Ltd(000917) standard.
In order to have a more comprehensive and detailed understanding of the company’s financial situation and operating results in 2021, the financial statements of 2021 are reported as follows:
1、 Main financial data of 2021
Unit: yuan (unless otherwise specified, the following units are the same)
Increase or decrease of the project from 2021 to 2020 and the previous year (%)
Operating income 4983519128724488763555 103.50%
Operating cost 1790561059613865235835 29.14%
Operating profit 277078687288501183999 225.93%
Net profit 239555305787299676854 228.17%
Net profit after deducting non recurring profit and loss: 229156371586715956695 241.21%
Net cash flow from operating activities 288076548611 Tianma Bearing Group Co.Ltd(002122) 3008 187.47%
Total share capital at the end of the period Bestore Co.Ltd(603719) 804527898533.33%
Total assets 14235367752679499544597 79.06%
Total liabilities 4652184055534975968127 33.01%
Total owner’s equity 9583183697144523576470 115.24%
2、 Main financial indicators in 2021
Increase or decrease of the project from 2021 to 2020 and the previous year (%)
Basic earnings per share (yuan / share) 4.88 1.61 203.11%
Average return on net assets (%) 42.41%, 17.85%, 24.56%
Cash flow from operating activities per share 4.77 2.21 115.84% net (yuan / share)
Net assets per share (yuan / share) 15.87 9.83 61.44%
Current ratio 1.98 1.36 45.27%
Quick ratio 1.62 1.01 60.25%
Asset liability ratio 32.68%, 44.00% – 25.73%
Accounts receivable turnover rate 810.09%, 410.42%, 97.38%
Inventory turnover rate 151.85%, 126.82%, 19.74%
Total asset turnover rate 44.06%, 34.84%, 26.46%
3、 Financial situation of the company in 2021
1. Asset composition
Change range of increase and decrease of the project from December 31, 2021 to December 31, 2020
Monetary capital 257389883711280900784512929980526 100.94%
Notes receivable
Accounts receivable 6096595534600634179390253741 1.50%
Receivables financing 89883924898140518626847873863 10.42%
Prepayment 390780326195552700195227626 99.83%
Other receivables 1313836023327383 -10189023 -43.68%
Inventory 1298120379997115314033269672396 33.67%
Non current assets due within one year
Other current assets 1080204845710796410369408435 51.97%
Total current assets 702293037243759707616032632227564 86.79%
Long term receivables investment real estate
Fixed assets 60936057294274725385133463803443 121.81%
Construction in progress 27536290229447142663 -6693513641 -70.85%
Right to use assets 514050690514050690
Intangible assets 2886 Asymchem Laboratories (Tianjin) Co.Ltd(002821) 2949875341 – 63872520 – 2.17%
Long term deferred expenses 418775636 Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) 504 – 181347868 – 30.22%
Deferred income tax assets 1129452669987296278142156391 14.40%
Other non current assets 31917791661574750933034304073192685%
Total non current assets 721243738024190246843730221905365 72.12%
Total assets: 424479627936796
Description of increase or decrease exceeding 30%:
(1) Monetary capital at the end of 2021 increased by 100.09% over the end of last year, mainly due to the company’s receipt of raised funds during the reporting period; The company’s operating efficiency has increased significantly, resulting in good payment collection;
(2) The prepayment at the end of 2021 increased by 100.09% over the end of last year, mainly due to the growth of the company’s production capacity and the increase of prepayment for materials;
(3) Other receivables decreased by 43.68% at the end of 2021 compared with the end of last year, mainly due to its small base and normal fluctuation;
(4) The inventory at the end of 2021 increased by 33.67% over the end of last year, mainly due to the expansion of production scale, the increase of reserves of raw materials and mechanical materials, and the increase of finished diamond powder;
(5) Other current assets increased by 51.97% at the end of 2021 over the end of last year, mainly due to the input tax to be deducted of subsidiaries;
(6) Fixed assets increased by 121.81% at the end of 2021 over the end of last year, mainly due to the continuous operation of new plant areas and the conversion of equipment to fixed assets;
(7) Construction in progress decreased by 70.85% at the end of 2021 compared with the end of last year, mainly due to the transfer of plant and equipment into fixed assets when they are in use;
(8) Long term deferred expenses decreased by 30.22% at the end of 2021 compared with the end of last year, mainly due to the amortization of long-term deferred expenses;
(9) Other non current assets increased by 192685% at the end of 2021 compared with the end of last year, mainly due to the shortage of equipment supply and the increase of the company’s prepayment for equipment factory equipment.
2. Composition of liabilities
Change range of increase and decrease of the project from December 31, 2021 to December 31, 2020
Short term loan 11000 Ping An Bank Co.Ltd(000001) 0000 Ping An Bank Co.Ltd(000001) 00000000 10.00%
Notes payable 1611939636072228 China High-Speed Railway Technology Co.Ltd(000008) 896596360 123.17%
Accounts payable 1179489835814790334803 – 2995436445 – 20.25%
Contract liabilities 24502302906971396151753090675 251.47%
Payroll payable 436427293311285628125141665 40.20%
Tax payable 258354943712345056831349043754 109.28%
Other payables 337632091374476001 – 36843910 – 9.84%
Non current assets due within one year
5483980451868161577 – 1319763532 – 70.65% current liabilities
Other current liabilities 7195288386288176 -14335293 -16.61%
Total current liabilities 35442484757275849914837857493274 28.48%
Long term loan 44940 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 494000000
Lease liabilities 433229118
Long term accounts payable 2155788423 -100.00%
Total non current liabilities 1107935579873909766443 Hangzhou Huaguang Advanced Welding Materials Co.Ltd(688379) 154 49.90%
Total liabilities 465218405553497596812711545872428 33.01%
Description of increase or decrease exceeding 30%:
(1) Notes payable at the end of 2021 increased by 123.17% over the end of last year, mainly due to the company’s
