Shenzhen Senior Technology Material Co.Ltd(300568)
Financial final account report of 2021 and financial budget report of 2022
1、 Financial statement report of 2021
In 2021, the financial department of Shenzhen Senior Technology Material Co.Ltd(300568) (hereinafter referred to as "the company") conducted financial accounting in strict accordance with the accounting standards for business enterprises, the accounting system for business enterprises and the accounting law. The annual statements prepared by the company have been audited by Grant Thornton Certified Public Accountants (special general partnership), and now the financial statements of 2021 are reported as follows: (I) financial status and analysis
1. Analysis of asset composition and change reasons
As of December 31, 2021, the total assets of the company were 7616661100 yuan, an increase of 1895189400 yuan or 33.12% over the beginning of the year. The composition and changes of assets are as follows: unit: 10000 yuan
Increase / decrease rate of assets from December 31, 2021 to December 31, 2020
Current assets:
Monetary capital 968770343609115326791 122.15%
Trading financial assets 2655459 229.8126324781145511%
Notes receivable 21348457236181411226 195.02%
Accounts receivable 885966655548213304845 59.50%
Accounts receivable financing 9130751593667 -680592 -42.71%
Prepayment 240507171715 687.93 40.06%
Other receivables 568.77 695.16 -126.40 -18.18%
Inventory 26882631896391791872 41.76%
Other current assets 1482971, 2714619 -1231648 -45.37%
Total current assets 287193661710824011611126 67.87%
Non current assets:
Other non current financial assets 30.00 - 30.00
Long term equity investment 595905709700 -113795 -16.03%
Fixed assets 33622866313651232257743 7.20%
Construction in progress 49732965775054 -801758 -13.88%
Right of use assets 471842 - 471842
Intangible assets 320644619087981297647 67.98%
Long term deferred expenses - 2.70 - 2.70 - 100.00%
Deferred income tax assets 405793263299142494 54.12%
Other non current assets 4168098 842.324083866484838%
Total non current assets 47447245401064767340769 18.30%
Total assets 761666115721471618951894 33.12%
(1) The balance of monetary capital on December 31, 2021 increased by 532679100 yuan, or 122.15%, compared with that on December 31, 2020, mainly due to the balance of funds raised from convertible corporate bonds except underwriting and recommendation fees received in the current period. (2) The balance of trading financial assets on December 31, 2021 increased by 263247800 yuan, or 1145511%, compared with that on December 31, 2020, mainly due to the increase of financial products in the current period.
(3) The balance of notes receivable on December 31, 2021 increased by 1411226 million yuan, or 195.02%, compared with that on December 31, 2020, mainly due to the increase of acceptance bills received from customers in the current period.
(4) The balance of accounts receivable on December 31, 2021 increased by 3304845 million yuan, or 59.50%, compared with that on December 31, 2020, mainly due to the increase of product sales in this period.
(5) The balance of accounts receivable financing on December 31, 2021 decreased by 680592 million yuan, or - 42.71%, compared with that on December 31, 2020, mainly because the group discounted and endorsed some bank acceptances according to the needs of daily fund management, so the bank acceptances are classified as financial assets measured at fair value and their changes are included in other comprehensive income.
(6) The balance of prepayments on December 31, 2021 increased by 6.8793 million yuan, or 40.06%, compared with that on December 31, 2020, mainly due to the increase of prepayments for materials.
(7) The balance of inventory on December 31, 2021 increased by 791872 million yuan, or 41.76%, compared with that on December 31, 2020, mainly due to the increase of materials and products reserved for production in this period.
(8) The balance of other current assets on December 31, 201 decreased by 1231648 million yuan, or - 45.37%, compared with that on December 31, 2020, mainly due to the reduction of input tax expected to be deducted.
(9) The balance of intangible assets on December 31, 2021 increased by 1297647 million yuan, or 67.98%, compared with that on December 31, 2020, mainly due to the purchase of land by Nantong Xingyuan in this phase.
(10) The balance of other non current assets on December 31, 2021 increased by 408386600 yuan compared with that on December 31, 2020, with a range of 484838%, mainly due to the increase of prepayment for equipment in the production base of the construction subsidiary in this period.
2. Analysis of debt structure and reasons for changes
As of December 31, 2021, the total liabilities of the company were 3234454700 yuan, an increase of 452431200 yuan or 16.26% over the beginning of the year. The composition and changes of liabilities are as follows: unit: 10000 yuan
Increase / decrease rate of liabilities from December 31, 2021 to December 31, 2020
Current assets:
Short term loan 1397355887504355223123 59.69%
Notes payable 7612762864137 -2102861 -73.42%
Accounts payable 45406523692557848094 22.97%
Advance payment 100000 - 100000
Contract liabilities 668.42 498.76 169.67 34.02%
Payroll payable 502479252968249511 98.63%
Tax payable 101269 581.32 431.36 74.20%
Other payables 339159537812 -198653 -36.94%
Non current liabilities due within one year 23527432403150 - 504.07 - 2.10%
Other current liabilities 81.82 64.67 17.15 26.52%
Total current liabilities 22746160186155354130624 22.19%
Non current liabilities:
Long term loan 53037944802675501120 10.43%
Lease liabilities 445505 - 445505
Long term accounts payable 19056091905907 -2.98 -0.02%
Estimated liabilities 48.15 - 48.15
Deferred income 14811781829648 -348470 -19.05%
Deferred income tax liabilities -20668387%
Total Non-current Liabilities
