Zhejiang Windey Co.Ltd(300772) : financial statement report of 2021

Financial statement report of 2021

Zhejiang Windey Co.Ltd(300772) (hereinafter referred to as “the company”) has audited the balance sheet as of December 31, 2021, the income statement, cash flow statement, statement of changes in owner’s equity and notes to relevant financial statements in 2021, and issued a standard unqualified audit report, Now the company’s financial final accounts in 2021 are reported as follows:

1、 Operating performance in 2021

2021 is the opening year of the 14th five year plan and the starting point of China’s comprehensive transformation of energy structure under the goal of “double carbon”. All employees of the company worked hard to tackle the annual objectives and tasks, comprehensively promote epidemic prevention and control and production and operation, and the main indicators reached the best level in the same period in history.

In 2021, the company’s operating revenue and net profit increased significantly compared with the previous year. The company achieved an operating revenue of 16040656100 yuan, an increase of 39.75% over the same period of last year; The total profit was 4871497 million yuan, an increase of 224.19% over the same period of last year, and the net profit attributable to shareholders of listed companies was 4898311 million yuan, an increase of 183.13% over the same period of last year.

2、 Main financial indicators

Unit: 10000 yuan

Increase or decrease of the project from 2021 to 2020 over the previous year

Operating income 160406561114778600 39.75%

Operating cost 13339428998893394 34.89%

Total profit 48714971502670 224.19%

Net profit attributable to shareholders of listed companies 48983111730063 183.13%

Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 4799 Jiangsu Tianmu Lake Tourism Co.Ltd(603136) 5460 251.50%

Basic earnings per share 1.59 0.59 169.49%

Diluted earnings per share 1.37 0.58 136.21%

Weighted average return on net assets 22.35%, 10.97%, 11.38%

After deducting non recurring profits and losses, the weighted average return on net assets is 21.90%, 8.66% and 13.24%

Net cash flow from operating activities 22979241 – 7880848 391.58%

Net cash flow from operating activities per share 6.78 -2.68 352.99% (yuan / share)

Increase or decrease of the project at the end of 2021 and 2020 compared with the end of last year

Total share capital at the end of the period (10000 shares) 33899022939600 15.32%

Total assets 2471416411 China Oilfield Services Limited(601808) 24 54.29%

Total liabilities 219268057141746421 54.69%

2722420617817279 52.80% owner’s equity attributable to common shareholders of listed companies

Net capital per share attributable to shareholders of listed company 8.03 6.06 32.51% (yuan / share)

Asset liability ratio 88.72%, 88.49%, 0.23%

Note: the increase or decrease of the three indicators of weighted average return on net assets, weighted average return on net assets after deducting non recurring profits and losses and asset liability ratio in 2021 over the same period of the previous year is the difference between the two periods.

3、 Main financial data of the company

(I) analysis of asset items

Unit: 10000 yuan

Increase or decrease of the project at the end of 2021 and the beginning of 2021 compared with the beginning of 2021

Current assets:

Monetary capital 4835731334995917 38.18%

Notes receivable – 111174 – 100.00%

Accounts receivable 6834636937969381 80.00%

Receivables financing 31036681624453 91.06%

Prepayment 6845182444001 – 71.99%

Other receivables 584666556933 4.98%

Inventory 6163014337467556 64.49%

Contract assets 2527259939170 169.09%

Other current assets 40358903336125 20.98%

Total current assets 189269826119444711 58.46%

Non current assets:

Long term equity investment 31214 Titan Wind Energy (Suzhou) Co.Ltd(002531) 447 23.30%

Investment in other equity instruments 50.00%

Fixed assets 189573805399451 251.10%

Construction in progress 510621610166101 – 49.77%

Use right assets 891609 100.00%

Intangible assets 990155470881 110.28%

Increase or decrease of the project at the end of 2021 and the beginning of 2021 compared with the beginning of 2021

Long term deferred expenses 509.58 422.73 20.55%

Deferred income tax assets 33430721707610 95.77%

Other non current assets 2540602420413351 24.46%

Total non current assets 5787181440736113 42.07%

Total assets 2471416411 China Oilfield Services Limited(601808) 24 54.29%

Note: due to rounding, there is a tail difference between the sum of items and the total.

Analysis of asset items with large increase or decrease:

(1) Monetary capital increased by 38.18% at the end of 2021 compared with the beginning of 2021, which was due to the increase of sales collection. (2) Notes receivable decreased by 100.00% at the end of 2021 compared with the beginning of 2021, which was caused by the due acceptance and endorsement of commercial bills.

(3) Accounts receivable increased by 80.00% at the end of 2021 compared with the beginning of 2021, mainly due to the increase of accounts receivable due to the increase of projects implemented by the company and the increase of sales revenue.

(4) The financing of receivables increased by 91.06% at the end of 2021 compared with the beginning of 2021, mainly due to the increase of projects implemented by the company and the increase of bank acceptance bills receivable caused by the increase of sales revenue.

(5) Prepayments at the end of 2021 decreased by 71.99% compared with that at the beginning of 2021, mainly due to the decrease of prepayments to suppliers with the end of rush loading.

(6) The inventory at the end of 2021 increased by 64.49% compared with that at the beginning of 2021, mainly due to the increase of projects implemented by the company and the corresponding increase of goods prepared by the company.

(7) Contract assets increased by 169.09% at the end of 2021 compared with the beginning of 2021, mainly due to the increase of quality assurance deposit receivable due within one year.

(8) The fixed assets increased by 251.10% at the end of 2021 compared with the beginning of 2021, which is mainly due to the carried forward fixed assets of cosmic camp wind farm project, Xiyang Gaoluo phase I and phase II wind farm project, Yucheng Weihe wind farm project and other engineering projects.

(9) The construction in progress decreased by 49.77% at the end of 2021 compared with the beginning of 2021, mainly due to the carried forward fixed assets of cosmic camp wind farm project, Xiyang Gaoluo phase I and phase II wind farm project, Yucheng Weihe wind farm project and other projects.

(10) The right to use assets increased by 100% at the end of 2021 compared with the beginning of 2021, mainly due to the implementation of the new leasing standards and the recognition of leased right to use assets by leasing the office space of Harbin production base and Beijing Branch.

(11) Intangible assets increased by 110.28% at the end of 2021 compared with the beginning of 2021, mainly due to the increase of land use rights of cosmic wind farm project and Wulanchabu Yunda Wind Power Co., Ltd.

(12) Deferred income tax assets increased by 95.77% at the end of 2021 compared with the beginning of 2021, mainly due to the increase of deferred income tax assets recognized by unrealized profits from internal sales and accrued expenses.

(II) analysis of liability items

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