Guanghui Logistics Co.Ltd(600603)
Financial final accounts of 2021 and financial budget report of 2022
Part I: financial statement report of 2021
Guanghui Logistics Co.Ltd(600603) (hereinafter referred to as “the company”) has audited the 2021 financial statements by Daxin Certified Public Accountants (special general partnership) and issued a standard unqualified audit report (Daxin Shen Zi [2022] No. 1200005). The audit opinion is: “in our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects, and fairly reflect the consolidated and parent company’s financial position as of December 31, 2021 and the consolidated and parent company’s operating results and cash flow in 2021.”
1、 Main financial data and indicators
(I) main accounting data
Unit: Yuan
Compared with the previous period
The main accounting data will increase from 2021 to 2020 year-on-year in 2019
Minus (%)
Operating income 33173525448343944328415 -24.51286949657150
The net profit attributable to the listed company was 2886863 -2886996 million
Net profit of shareholders after deducting non recurring profit and loss of 5108326235391979499816 -44.4685450848046
Net cash flow from operating activities 133537919915168485123349 -20.74146832370340
Ratio at the end of the period
End of 2021 end of 2020 end of last year end of 2019
Last increase or decrease (%)
）
Net assets attributable to shareholders of listed company 537159358298734112852623 -26.83646787069419
Total assets 14916393362191809057904704 -17.551607686068120
Unit: Yuan
Main financial indicators: increase or decrease in current period from 2021 to 2020 compared with the same period of last year (%)
Basic earnings per share (yuan / share) 0.48 0.69 -30.43 0.66
Diluted earnings per share (yuan / share) 0.48 0.69 -30.43 0.66
Basic earnings per share after deducting non recurring profits and losses: 0.43 0.77 -44.16 0.69 (yuan / share)
Weighted average return on net assets (%) 7.67 11.23 decreased by 3.56 percentage points 11.96
After deducting non recurring profits and losses, the weighted return on net assets was 6.89 12.52, decreased by 5.63 percentage points and 12.49 average return on net assets (%)
2、 Analysis of assets and liabilities, operating results and cash flow
(I) assets and liabilities
At the end of 2021, the total assets of the company were 1491639336219 yuan, the total liabilities were 887944650293 yuan, the total owner’s equity was 603694685926 yuan, and the asset liability ratio was 59.53%. The details are as follows:
1. Compared with the end of last year, the main information of asset projects
(1) The year-end balance of monetary funds was 182019394395 yuan, a decrease of 29.93% over the end of the previous year, mainly due to the repayment of due loans and dividends in the current period.
(2) The year-end balance of trading financial assets was 21651516 yuan, a decrease of 99.96% over the end of the previous year, mainly due to the due recovery of financial products in the current period.
(3) The year-end balance of notes receivable was 1349370000 yuan, an increase of 102.50% over the end of the previous year, which was caused by the increase in notes received in the current period.
(4) The year-end balance of accounts receivable was 39425 Dayu Water-Saving Group Co.Ltd(300021) yuan, a decrease of 38.85% over the end of last year, mainly due to the collection of payment in this period.
(5) The year-end balance of prepayments was 1204949787 yuan, a decrease of 49.87% over the end of the previous year, mainly due to the decrease of prepayments in the current period.
(6) The year-end balance of other receivables was 9835722996 yuan, a decrease of 87.75% over the end of the previous year, mainly due to the impact of merger and acquisition of subsidiaries.
(7) The year-end balance of investment real estate was 95379140000 yuan, a decrease of 81.67% over the end of the previous year, mainly due to the transfer into other non current assets in the current period.
(8) The year-end balance of fixed assets was 22933580370 yuan, an increase of 542.13% over the end of last year, mainly due to the conversion of construction in progress to fixed assets.
(9) The year-end balance of goodwill was 0 yuan, a decrease of 100% over the end of the previous year, which was caused by the provision of goodwill impairment in the current period.
(10) The year-end balance of deferred income tax assets was 41529272515 yuan, an increase of 40.39% over the end of the previous year, mainly due to the impact of temporal differences in income tax in the current period.
(11) The year-end balance of other non current assets was 430235321062 yuan, an increase of 412 times over the end of the previous year, mainly due to the transfer in of investment real estate in the current period.
2. Compared with the end of last year, the main changes of liability items
(1) The year-end balance of short-term loans was 1 China Telecom Corporation Limited(601728) 333 yuan, a decrease of 82.63% over the end of the previous year, which was caused by the repayment of loans.
(2) The year-end balance of notes payable was 58422602185 yuan, a decrease of 40.79% over the end of the previous year, which was caused by the due cashing of notes.
(3) The year-end balance of advance receipts was 914432154 yuan, a decrease of 45.94% over the end of the previous year, mainly due to the decrease of rent received in advance.
(4) The year-end balance of long-term loans was 537.9 million yuan, a decrease of 55.71% over the end of the previous year, which was caused by the repayment of loans.
(II) operating results
In 2021, the company realized a net profit attributable to the parent company of 57289924986 yuan, a decrease of 30.46% over the same period of last year. The influencing factors are as follows:
1. The operating income in the current period was 331735254483 yuan, a decrease of 107707983932 yuan or 24.51% over the same period of the previous year, mainly due to the decrease in real estate sales income in the current period.
2. The operating cost incurred in the current period was 185113238126 yuan, a decrease of 47449933724 yuan or 20.40% over the same period of the previous year. The reasons are the same as above.
3. The sales expenses incurred in this period amounted to 14761916634 yuan, an increase of 7908713242 yuan over the same period of last year, an increase of 115.40%, mainly due to the change of real estate sales format structure in this period.
4. Administrative expenses incurred in the current period amounted to 9207051431 yuan, a decrease of 2783120792 yuan or 23.21% over the same period of the previous year, mainly due to the decrease of employee compensation (equity incentive expenses) in the current period.
5. Financial expenses incurred in the current period amounted to 5930401839 yuan, an increase of 2546169021 yuan or 75.24% over the same period of the previous year, mainly due to the implementation of the new leasing standards in the current period. (III) cash flow
1. The net cash flow from operating activities was 133537919915 yuan, a decrease of 34947203434 yuan or 20.74% over the same period of the previous year, mainly due to the decline of income in the current period.
2. The net cash flow from investment activities was -85725663416 yuan, a decrease of 35891095351 yuan over the same period of last year, mainly due to the acquisition of subsidiaries in the current period.
3. The net cash flow from financing activities was -128636480135 yuan, an increase of 42813232672 yuan over the same period of the previous year, mainly due to the distribution of dividends and payment of interest in the current period.
Part II: financial budget report of 2022
According to the strategic development objectives of Guanghui Logistics Co.Ltd(600603) (hereinafter referred to as “the company”), the market situation and production and operation plan in 2022, and based on the audited business performance in 2021, the financial budget for 2022 is prepared. This budget report is prepared in accordance with China’s current laws, regulations and enterprise accounting system, in accordance with generally accepted accounting standards and in accordance with the principles of prudence and prudence.
1、 Basic assumptions of budgeting
(I) there is no significant change in the current relevant national and local laws, regulations and systems followed by the company;
(II) there is no significant change in the social and economic environment of the company’s main business location and business involved areas;
(III) the industry situation and market situation of the company are relatively stable;
(IV) there is no significant change in the credit interest rate and tax policy involved in the company’s production and operation; (V) there are no major adverse effects caused by other force majeure and unforeseen factors. 2、 2022 budget
On the basis of 2021 and in combination with the overall business plan of 2022, the company strives to achieve stable growth of operating revenue through the efforts of the operation and management team.
3、 Main measures to ensure budget completion
In order to ensure the realization of the above business objectives, the safeguard measures to be taken by the company shall refer to “VI. discussion and Analysis on the future development of the company” in “section III Management Discussion and analysis” of the company’s 2021 annual report.
4、 Risk tips
The production and operation target does not represent the company’s profit forecast for 2022. Whether it can be achieved depends on the influence of market, policy and other factors, and there is uncertainty. Please invest rationally and pay attention to investment risks.
Guanghui Logistics Co.Ltd(600603)
Board of directors
March 9, 2022
