Hainan Strait Shipping Co.Ltd(002320) 2021 annual financial statement report
Hainan Strait Shipping Co.Ltd(002320) the financial accounting report for 2021 is prepared in accordance with the accounting standards for business enterprises, which fairly reflects the company's financial position as of December 31, 2021 and its operating results and cash flow in 2021 in all material aspects.
1、 Main financial data and indicators during the reporting period (unit: RMB 10000)
Increase and decrease of the project in 2021 and 2020
Operating income 1399103910727240 30.43%
Total profit 33739402950677 14.34%
24946142% of net profit attributable to the parent company
Basic earnings per share 0.12 0.11 9.09%
Weighted average return on net assets 6.75% 6.48% 0.27%
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total assets 6994919542401693 64.97%
Owner's equity attributable to parent company: 3979466139723875 0.18%
Note: according to Article 13 of the accounting standards for Business Enterprises No. 34 - earnings per share, if the number of ordinary shares or potential ordinary shares issued increases or decreases due to the distribution of stock dividends, the conversion of provident fund into capital, share splitting, but does not affect the amount of owner's equity, the earnings per share of each reporting period shall be recalculated according to the adjusted number of shares. If the above changes occur between the balance sheet date and the approval date of the financial report, the earnings per share of each reporting period shall be recalculated based on the adjusted number of shares. (see 2020 profit distribution plan for details)
2、 Financial status (I) asset status (unit: RMB 10000)
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total assets 6994919542401693 64.97%
Current assets 1252525019360627 - 35.31%
Non current assets 5742394523041066 149.22%
1. During the reporting period, the company's current assets decreased by 35.31% over the beginning of the year:
(1) The monetary capital was 684539 million yuan, a decrease of 63.27% over the beginning of the year, mainly due to the decrease in the capital stock caused by the company's cash purchase of phase II assets of Xinhai port and investment in the construction of Xinhai port passenger transport hub project in the reporting period.
(2) Accounts receivable were 104972 million yuan, a decrease of 61% over the beginning of the year, mainly due to the reduction of ship freight not recovered by the company during the reporting period.
(3) Other receivables were 352156 million yuan, an increase of 49.04% over the beginning of the year, mainly due to the non receipt of fuel subsidies in the reporting period.
(4) The inventory was 316264 million yuan, an increase of 192.76% over the beginning of the year, which was mainly due to the increase of ship oil storage due to the receipt of ship assets invested by shareholders during the reporting period.
(5) Other current assets were 4746387 million yuan, an increase of 4544724% over the beginning of the year, mainly due to the increase of deductible value-added tax input tax due to the company's receipt of ship assets invested by shareholders during the reporting period.
2. During the reporting period, the company's non current assets increased by 149.22% over the beginning of the year:
(1) The investment in other equity instruments was 344598 million yuan, a decrease of 82.69% over the beginning of the year, mainly due to the company's sale of some Hainan Haiqi Transportation Group Co.Ltd(603069) shares during the reporting period.
(2) The fixed assets amounted to 47158291 million yuan, an increase of 130.48% over the beginning of the year, mainly due to the company's receipt of ship assets invested by shareholders and the purchase of phase II assets of xinhaigang during the reporting period.
(3) The project under construction is 502090100 yuan, which is mainly due to the company's investment in the construction of new seaport passenger transport hub project in the reporting period.
(4) Intangible assets amounted to 3959106 million yuan, an increase of 836.03% over the beginning of the year, mainly due to the company's purchase of Xinhai during the reporting period
Due to Hong Kong phase II assets. (II) liabilities (unit: RMB 10000)
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total liabilities 77390142677818 189.00%
Current liabilities 58122462211006 162.88%
Non current liabilities 1926768466812 312.75%
1. During the reporting period, the company's current liabilities increased by 162.88% over the beginning of the year:
(1) Accounts payable was 1782724 million yuan, an increase of 168.26% over the beginning of the year, mainly due to the company's increase in accounts payable for the construction of xinhaigang passenger transport hub project in the reporting period.
(2) The tax payable was 2500213 million yuan, an increase of 722.15% over the beginning of the year, mainly due to the value-added tax payable due to the injection of ship assets into the holding subsidiary during the reporting period.
(3) Other payables amounted to 1054196 million yuan, an increase of 353.25% over the beginning of the year, mainly due to the company's increase in land transfer fees corresponding to xinhaigang phase I assets in the reporting period.
2. Non current liabilities of the company increased by 312.75% at the beginning of the reporting period:
(1) The deferred income was 1451353 million yuan, an increase of 598.47% over the beginning of the year, mainly due to the company's receipt of government subsidies for xinhaigang passenger transport hub project in the reporting period. (III) owner's equity (unit: RMB 10000)
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Owner's equity 6221018139723875 56.61%
Paid in capital 2228933214859555 50.00%
Capital reserve 297648110406258 - 71.40%
Other comprehensive income 2316941467794 - 84.21%
Special reserve 291.86 413.85 - 29.48%
Surplus reserve 25465112219169 14.75%
Undistributed profit 1172145610729714 9.24%
Shareholders' equity attributable to the parent company 3979466139723875 0.18%
1. The owner's equity in the reporting period increased by 56.61% over the beginning of the year:
(1) The paid in capital was 2228933200 yuan, an increase of 50% over the beginning of the year, mainly due to the company's conversion of capital reserve into share capital according to the 2020 annual equity distribution plan during the reporting period.
(2) Other comprehensive income was 231694 million yuan, a decrease of 84.21% over the beginning of the year, mainly due to the company's sale of some Hainan Haiqi Transportation Group Co.Ltd(603069) shares during the reporting period.
3、 Operation (unit: RMB 10000)
Increase and decrease of the project from 2021 to 2020
Operating income 1399103910727240 30.43%
Operating cost 83034826702035 23.89%
Taxes and surcharges 350615 742.49 372.22%
Sales expenses 182346 717.66 154.08%
Administrative expenses 1721659968284 77.81%
Financial expenses -162317 -312747 48.10%
Other income 215906144173 49.75%
Credit impairment loss 32.51 -110.04 -129.55%
Asset impairment loss -533104 -413911 28.80%
Income from asset disposal 4.87 0.00-
Non operating income 966.83 100.14 865.47%
Non operating expenses 75.84 47.32 60.25%
Total profit 33739402950677 14.34% income tax expense 517970456635 13.43%
Net profit 28559712494042 14.51%
Net profit attributable to shareholders of the parent company: 26588362494042 6.61%
1. The operating revenue was 13991039 million yuan, with a year-on-year increase of 30.43%, mainly due to the reorganization of the company's capacity to receive three ships on the Hai'an route during the reporting period; And after the epidemic situation was controlled this year, the ferry transportation market gradually recovered, people's willingness to travel was high, and the company vigorously strengthened marketing and made efforts to improve service quality. The cumulative business volume increased year-on-year, which affected the year-on-year increase of revenue.
2. The operating cost was 830348200 yuan, with a year-on-year increase of 23.89%, mainly due to the increase in the operating cost of the company's reorganization of receiving three ships on the Hai'an route during the reporting period; And the year-on-year increase in outsourcing labor costs and fuel costs after the resumption of operation of Xisha route in the reporting period; In addition, the depreciation of new seaport phase II assets was added in the reporting period.
3. Taxes and surcharges amounted to 350615 million yuan, a year-on-year increase of 372.22%, mainly due to the year-on-year increase in the company's income during the reporting period and the relevant taxes and fees for the injection of new ship assets into the holding subsidiary.
4. The sales expense is 182346 million yuan
