Hengdian Group Dmegc Magnetics Co.Ltd(002056)
Financial statement report of 2021
Audited by Tianjian Certified Public Accountants (special general partnership), the operating performance of Hengdian group dongci Co., Ltd. (hereinafter referred to as “the company”) in 2021 is as follows:
1、 Overall situation of assets, operation and cash flow during the reporting period
As of December 31, 2021, the total assets of the company were 13177371000 yuan, the total liabilities were 6408846700 yuan, and the owner’s equity attributable to the parent company was 6729931900 yuan.
In 2021, the operating income was 126074104 million yuan, the operating profit was 1241093 million yuan, and the net profit attributable to the owner of the parent company was 11204443 million yuan.
In 2021, the net cash flow from operating activities was 1285454200 yuan, the net cash flow from investment activities was -1167702700 yuan, the net cash flow from financing activities was -363224400 yuan, and the net increase in cash and cash equivalents was -329291900 yuan.
2、 Assets, liabilities and shareholders’ equity
Unit: 10000 yuan
Increase / decrease range of the project from 2021 to 2020 (%)
Current assets 8347759168004097 22.75%
Total assets 131773710102401204 28.68%
Current liabilities 5960863138475978 54.92%
Total liabilities 6408846741998998 52.60%
Owner’s equity attributable to the parent company 6729931960120496 11.94%
The asset liability ratio (%) was 48.64% and 41.01%, up 7.63 percentage points
3、 Operating results
Unit: 10000 yuan
Increase / decrease ratio of the project from 2021 to 2020 (%)
Operating income 12607410481057880 55.54%
Operating profit 1241009311478473 8.12%
Net profit attributable to owners of parent company 1120444310135699 10.54%
The main reasons for the increase and decrease of the company’s operating revenue, operating profit and net profit attributable to the owners of the parent company in 2021 are:
The operating income of the company increased by 55.54% over the same period of last year; The operating profit and total profit of the company increased by 8.12% and 9.55% respectively over the same period of the previous year, and the net profit attributable to the shareholders of the listed company increased by 10.54% over the same period of the previous year. The main reason is that through continuous market development and the production of advanced projects such as photovoltaic and lithium battery, the operating revenue of the company’s new energy sector has achieved rapid growth. The photovoltaic industry of the company mainly focuses on the manufacturing of batteries and modules in the middle and lower reaches. The material cost accounts for a high proportion of revenue and the gross profit margin of the industry is relatively low. Through the implementation of differentiated operation, appropriate material reserves, internal potential tapping, cost reduction and efficiency improvement and other measures, the company has better overcome the difficulties such as the rise in the price of raw materials, the sharp rise in ocean logistics costs and the appreciation of RMB, so that the company’s operating revenue and the net profit attributable to the shareholders of the listed company have achieved good growth.
4、 Cash flow
Unit: 10000 yuan
Year on year increase or decrease of the project from 2021 to 2020 (%)
Subtotal of cash inflow from operating activities 13523234090500302 49.43%
Subtotal of cash outflow from operating activities 12237779778526377 55.84%
Net cash flow from operating activities 1285454211973925 7.35%
Subtotal of cash inflow from investment activities 59297417837002 – 24.34%
Subtotal of cash outflow from investment activities 1760676819737470 – 10.80%
Net cash flow from investment activities -11677027 -11900468 1.88%
Subtotal of cash inflow from financing activities 1973594715726758 25.49%
Subtotal of cash outflow from financing activities 2336819215191768 53.82%
Net cash flow from financing activities -3632244534991 -778.94%
Net increase in cash and cash equivalents -3292919544246 -705.04%
The net cash flow from operating activities in 2021 increased by 7.35% over the same period last year, mainly due to the growth of the company’s operating performance in 2021, which correspondingly led to the growth of operating cash flow.
In 2021, the net cash flow from investment activities increased by 1.88% over the same period last year, mainly due to the decrease of time deposits.
The net cash flow from financing activities in 2021 decreased by 778.94% compared with the same period last year, mainly due to the increase in cash paid by the company for loan repayment.
Hengdian Group Dmegc Magnetics Co.Ltd(002056) board of directors March 11, 2002
