Wuxi Dk Electronic Materials Co.Ltd(300842)
Financial statement report of 2021
In 2021, guided by the strategic planning and annual business objectives, the company actively explored the market externally and continuously improved its R & D ability and management level internally. Through the unremitting efforts of all employees, the company achieved stable growth in performance. The 2021 financial report of the company has been audited by zhongtianyun Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The main financial indicators and operating financial situation of the company in 2021 are reported as follows:
1、 Main financial indicators of the company in 2021
Unit: Yuan
Increase or decrease of the project from 2021 to 2020 over the previous year
Operating income 281445602602158154456049 77.96%
93935699238208651978 14.43% of net profit attributable to shareholders of listed companies
Net profit after deducting non recurring profit and loss: 105358110588005961783 31.60%
Net cash flow from operating activities - 25939809353 - 52059822839 50.17%
Basic earnings per share (yuan / share) 0.94 0.94 0.00%
Diluted earnings per share (yuan / share) 0.94 0.94 0.00%
Weighted average return on net assets 10.64%, 13.27% - 2.63%
Increase or decrease of the project at the end of the reporting period
Total assets 226532556508161860928055 39.96%
9319220646583459015302 11.66% of net assets attributable to shareholders of listed companies
2、 Financial status, operating results and cash flow
(I) financial status
1. Asset composition and changes
As of December 31, 2021, the total assets of the company are 226532556508 yuan. The composition and changes of assets are as follows:
Unit: Yuan
Change proportion of the project from December 31, 2021 to December 31, 2020
Monetary capital 2363191638114238030294 65.98%
Trading financial assets 1167587900019223931220 - 39.26%
Notes receivable 6118959012444970874212 36.06%
Accounts receivable 6513579504951023624063 27.66%
Prepayment 5037365019842898444 497.62%
Other receivables 5304848654212982 - 2.15%
Inventory 3681045210819746257306 86.42%
Other current assets 2634072907 100.00%
Total current assets 206168119074150099828521 37.35%
Investment in other equity instruments 350000 China Tianying Inc(000035) 00000000 0.00%
Fixed assets 104902104143012252768 248.25%
Construction in progress 294209830146479603622987%
Intangible assets 10362418041058407400 - 2.09%
Deferred income tax assets 1365801915948708249 43.96%
Other non current assets 10 Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) 003195251514 - 67.76%
Total non current assets 2036443743411761099534 73.15%
Total assets 226532556508161860928055 39.96%
The change analysis of main items is as follows:
(1) The ending balance of monetary funds increased by 65.98% compared with the beginning of the period, mainly due to the expansion of sales scale in the current period, the good collection of customers, and the transfer of financial products to the raised funds account after the expiration of the end of the period;
(2) The ending balance of trading financial assets decreased by 39.26% compared with the beginning of the period, mainly due to the decrease in the balance of the company using some idle raised funds for cash management with the promotion and implementation of raised investment projects;
(3) The ending balance of notes receivable increased by 36.06% compared with the beginning of the period, mainly because the company's customers mainly collected money in the form of bank acceptance bills, the company's sales revenue in the current period increased significantly, and the notes received increased accordingly;
(4) The ending balance of prepayments increased by 497.62% compared with the beginning of the period, mainly due to the increase of prepayments for the preparation and purchase of silver powder with the expansion of production and marketing scale, as well as the extension of import transportation time due to the epidemic, and the goods have not been received at the end of the period;
(5) The ending balance of inventory increased by 86.42% over the beginning of the period, mainly due to the corresponding increase in the ending balance of inventory due to the advance preparation of raw materials and production with the expansion of production and sales scale; At the same time, affected by the epidemic, the import transportation time is prolonged and there is uncertainty. In order to ensure the stability of production and operation, the stock is increased accordingly;
(6) The ending balance of other current assets increased by 100.00% compared with the beginning of the period, mainly due to the import value-added tax prepaid in the current period, the value-added tax to be deducted and the prepaid service fees of major asset restructuring intermediaries;
(7) The ending balance of fixed assets increased by 248.25% compared with the beginning of the period, mainly due to the transfer into fixed assets when the building of Shanghai R & D center reached the expected serviceable state in the current period;
(8) The ending balance of construction in progress increased by 622987% compared with the beginning of the period, mainly due to the continuous promotion of the implementation of raised investment projects in the current period;
(9) The ending balance of deferred income tax assets increased by 43.96% compared with the beginning of the period, mainly due to the increase of deductible temporary differences caused by the company's credit impairment losses;
(10) The ending balance of other non current assets decreased by 67.76% compared with the beginning of the period, mainly due to the prepayment of part of the house purchase price of Shanghai R & D center building at the end of the previous year, and the balance payment in the current period was paid and transferred to fixed assets accounting after decoration.
2. Liability structure and changes
As of December 31, 2021, the total liabilities of the company are 133340350043 yuan. The composition and changes of liabilities are as follows:
Unit: Yuan
Change proportion of the project from December 31, 2021 to December 31, 2020
Short term loan 11178705771069716199612 60.35%
Trading financial liabilities 21130907371129866900 87.02%
Notes payable 9355289189 100.00%
Accounts payable 69813012954828799195 44.58%
Contract liabilities 8878598016128364 450.50%
Payroll payable 919073605899455078 2.18%
Taxes payable 19433577741733212336 12.12%
Other payables 8741946476154581 14.79%
Other current liabilities 46278092096687 120.72%
Estimated liabilities 60346480 100.00%
Total liabilities 13334035004378401912753 70.07%
The change analysis of main items is as follows:
(1) The ending balance of short-term borrowings increased by 60.35% compared with the beginning of the period, mainly due to the increase of raw material purchase funds to be paid for early preparation with the expansion of production and marketing scale, and the company appropriately expanded the scale of bank financing;
(2) The ending balance of trading financial liabilities increased by 87.02% compared with the beginning of the period, mainly due to the floating profit and loss changes of foreign exchange derivatives purchased to deal with the risk of exchange rate fluctuations;
(3) The ending balance of notes payable increased by 100.00% compared with the beginning of the period, which is mainly to meet the requirements of some suppliers for the acceptance bank and term of bank acceptance bills. The company entrusted the bank to transfer the notes receivable held by the company to pay after they meet the requirements of suppliers;
(4) The ending balance of accounts payable increased by 44.58% compared with the beginning of the period, mainly due to the corresponding increase in the balance of accounts payable with the expansion of production and marketing scale.
3. Owner's equity structure and changes
As of December 31, 2021, the owner's equity of the company is 93192206465 yuan. The owner's equity and changes are as follows:
Unit: Yuan
Change proportion of the project from December 31, 2021 to December 31, 2020
Share capital 100000 Ping An Bank Co.Ltd(000001) 00000
