Jiangsu Yitong High-Tech Co.Ltd(300211)
Jiangsu Yitong High-tech Co., Ltd.
(No. 28, Tonglin Road, Changshu City, Jiangsu Province)
Financial statement report of 2021
March 14, 2022
Jiangsu Yitong High-Tech Co.Ltd(300211)
Financial statement report of 2021
Jiangsu Yitong High-Tech Co.Ltd(300211) (hereinafter referred to as "the company") has conducted financial accounting in strict accordance with the accounting standards for business enterprises in 2021 financial statements; Audited by Zhonghua Certified Public Accountants (special general partnership) and issued the unqualified audit report of Zhonghui Zi (2022) No. 00630 standard. The audit opinion of the accountant is that the company's financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects, It fairly reflects the consolidated and financial position of Jiangsu Yitong High-Tech Co.Ltd(300211) company as of December 31, 2021 and the consolidated and operating results and cash flow of the company in 2021. The relevant information of the financial final accounts of 2021 is reported as follows: I. main accounting data
Unit: Yuan
Increase or decrease of the project from 2021 to 2020 over the previous year (%)
Operating income (yuan): 249680938908137396758 206.83%
Operating profit (yuan): 30942055981080113031 186.47%
Total profit (yuan): 30909301971073259920 187.99%
Net profit attributable to shareholders of listed company (yuan): 2846328151923067501 208.36%
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses
(yuan) 2622030597511080702 413.04%
Net cash flow from operating activities (yuan) 39322480483632296688 8.26%
Increase or decrease of the project at the end of 2021 and 2020 compared with the end of last year (%)
Total assets (yuan): 6071143781950665198472 19.83%
Total liabilities (yuan): 120056416274882739431 145.88%
Owner's equity attributable to shareholders of listed company (yuan): 4870579619245782459041 6.39%
Total share capital (shares) 302675973 Zhejiang Mtcn Technology Co.Ltd(003026) 7597300 0.00%
2、 Main financial indicators
Unit: Yuan
Increase or decrease of the project from 2021 to 2020 over the previous year (%)
Basic earnings per share (yuan / share) 0.0940 0.0305208.20%
Diluted earnings per share (yuan / share) 0.0940 0.0305208.20%
Basic earnings per share after deducting non recurring profits and losses (yuan / share) 0.0866 0.0169412.43%
Return on fully diluted net assets (%) 5.84%, 2.02%, 3.82%
Weighted average return on net assets (%) 6.05% 1.98% 4.07%
After deducting non recurring profits and losses, the return on fully diluted net assets (%) is 5.38%, 1.12% and 4.26%
Weighted average return on net assets after deducting non recurring profits and losses (%) 5.57%, 1.10% and 4.47%
Net cash flow from operating activities per share (yuan / share) 0.1299 0.1200 8.25%
Increase or decrease at the end of 2021 compared with the end of last year (%)
Net assets per share attributable to shareholders of listed companies (yuan / share) 1.6092 1.5126 6.39%
Asset liability ratio (%) 19.77%, 9.64%, 10.14%
Current ratio (Times) 3.89 7.76 - 49.85%
Quick ratio (Times) 3.59 7.52 - 52.24%
Turnover rate of accounts receivable (%) 286 62% 128. 67% 157.95%
Inventory turnover rate (%) 661 67% 398. 64% 263.03%
From January to December 2021, the company realized an operating revenue of 249680900 yuan, an increase of 206.83% over the same period of the previous year; The operating cost was 181846300 yuan, an increase of 234.46% over the same period last year; The amount of expenses incurred during the four periods of sales expenses, management expenses, R & D expenses and financial expenses was 381271 million yuan, an increase of 72.79% over the same period last year; The operating profit was 309421 million yuan, an increase of 186.47% over the same period of last year; The total profit was 309093 million yuan, an increase of 187.99% over the same period last year; The net profit attributable to ordinary shareholders was 284633 million yuan, an increase of 208.36% over the same period last year; The net cash flow from operating activities was 393225 million yuan, an increase of 8.26% over the same period last year; The basic earnings per share was 0.094 yuan, an increase of 208.20% over the same period last year; The weighted average return on net assets was 6.05%, an increase of 4.07% over the same period last year.
The main information during the reporting period is as follows:
(1) Main business of CATV:
During the reporting period, the company continued to strengthen the existing market and further expand the market outside China. However, China's Radio and television industry is gradually tending to the key transformation period of multi business or new business, and the network construction investment scale and equipment market demand of radio and television operators are reduced, Due to their own development planning and market competition, some radio and television operators have slowed down the existing Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) two-way transformation investment, and some bid winning prices have shown a continuous downward trend, which has a certain impact on the sales and revenue of the company's two-way network transformation transmission equipment. In addition, due to the difference of network implementation schemes at various stages among provincial network operators, the demand for equipment purchased by provinces is also different, resulting in the change of market sales structure of some network equipment.
During the reporting period, combined with the development of radio and television industry, bidding and market demand, the company selected regions with relatively good capital status, credit status and regional development as its main customers, and made marketing adjustments to some products with relatively low gross profit margin in order to stabilize the profitability of products.
During the reporting period, the company's CATV network transmission equipment realized a total revenue of 538458 million yuan, an increase of 151982 million yuan over the same period last year, with an increase ratio of 39.33%; The gross profit was 8.0629 million yuan, an increase of 1.9429 million yuan over the same period last year, an increase of 31.75%.
Of which:
① Affected by the slow implementation of the two-way radio and television network transformation and the changes in the demand of different product specifications and market sales structure, the market sales volume of CATV network optical transmission equipment decreased by 3.15%, realizing a revenue of 9.7284 million yuan, a decrease of 9.44% over the same period last year. The realized revenue of such products accounted for 3.95% of the main business revenue and a gross profit of 881700 yuan, A decrease of 45.31% over the same period last year.
② The product price and gross profit of more traditional coaxial cable network equipment are relatively low. With the construction of data business in the industry, the market of this kind of equipment tends to shrink. During the reporting period, the sales revenue of coaxial cable network equipment products was 4.2785 million yuan, a decrease of 33.77% over the same period last year, and the gross profit was 834500 yuan, an increase of 18.60% over the same period last year. Such products accounted for 1.74% of the company's main business revenue.
③ Due to business transformation, China's Radio and television operators have reduced their network construction investment scale and equipment market demand. The company actively develops new businesses in foreign markets and stabilizes the overall sales business of data communication network equipment. During the reporting period, the total revenue of such equipment was 398388 million yuan, an increase of 85.78% over the same period last year.
Among them, due to the decline in the sales volume of EOC equipment, ONU equipment, FTTH household type and other products in the Chinese market and affected by the shortage of chips, the sales volume in the Chinese market decreased by 25.79% over the same period of last year, realizing an income of 104674 million yuan, a decrease of 26.97% over the same period of last year;
In the foreign market, the sales volume of MOCA equipment mainly for household interconnection increased over the same period last year. During the reporting period, the overall sales revenue of export products was 293715 million yuan, an increase of 312.98% over the same period last year, and the gross profit was 6.3916 million yuan, an increase of 247.33% over the same period last year.
(2) The company's intelligent video surveillance project is to make full use of the company's existing customer resources and the advantages of network resources in the radio and television industry, implement it in cooperation with local governments and radio and television operators, and mainly replicate and promote it by means of government buying services. The video surveillance engineering service implemented by the company is mainly based on the transformation technology of radio and television bidirectional digital network, which is the intelligent video monitor system based on the two-way broadcasting network. According to the characteristics of the two-way network, the main design is centralized management and distributed deployment, which is based on the principles of advanced nature, practicability, security, compatibility and expansion. And continuously optimize the monitoring information flow according to the system monitoring business volume, so as to provide users with high-quality monitoring system services. Intelligent monitoring community service is based on the characteristics of TCP / IP "multi network integration" of radio and television two-way network construction, integrating community video monitoring system, building visual intercom system, access control all-in-one card system, home intelligent system, home security system, perimeter anti-theft system, vehicle management system, patrol system, information release system, property management system and other systems, Provide one-stop community intelligent system construction solution.
During the reporting period, on the basis of stabilizing the existing business and the existing business network architecture, the company further increased the regional expansion of intelligent monitoring engineering services. During the reporting period, the overall revenue and gross profit of intelligent monitoring engineering services increased compared with the same period of last year. During the reporting period, the revenue of intelligent monitoring engineering services of the company totaled 458132 million yuan, An increase of 12.19% over the same period last year and a gross profit of 210584 million yuan, an increase of 7.74% over the same period last year.
