Guangdong Tapai Group Co.Ltd(002233)
Financial statement report of 2021
In 2021, under the correct leadership of the company's board of directors, the management team and the joint efforts of all employees, the company, on the premise of adhering to the normalization of epidemic prevention and control, coordinated the work of enterprise production, operation and development, actively overcome various difficulties and challenges caused by the sharp rise of coal costs, dual control of energy consumption, power and production restriction, and accelerated the construction of green mines, digital mines, green factories Smart factories and first-class safety standard enterprises will accelerate the construction of photovoltaic power generation and cement kiln collaborative disposal projects, actively respond to the dual control of energy consumption, formulate scientific marketing strategies, seize the market highland, and set a new record in business performance.
The 2021 financial statements of the company have been audited by ShineWing Certified Public Accountants (special general partnership), and an unqualified audit report of xyzh / 2022aszaa6009 standard has been issued. The financial statements of 2021 are reported as follows:
1、 Summary of financial work in 2021
In 2021, under the correct leadership of the company's management, closely focusing on the company's development strategy and production and operation objectives, the financial management center will carefully do a good job in various financial management work such as accounting, cost control, preparation of regular reports and investment management, consolidate the basic work of accounting, strengthen accounting supervision, actively respond to tax inspection and strive to improve the return on investment, Orderly participate in the operation and management work, give full play to the role of the financial staff as the staff assistant, put forward more constructive management suggestions, promote the continuous improvement of the company's operation and management level, improve the risk prevention and control system, strengthen the source governance, realize the accurate identification, timely early warning and effective disposal of financial risks, and escort the sustainable and healthy development of the enterprise. During the reporting period, the financial management center of the company mainly carried out the following work:
1. Consolidate the basic work of accounting and continuously improve the quality of accounting. Do a good job in the upgrading of financial software and improve work efficiency; Do a good job in accounting supervision and escort the healthy development of enterprises; Continuously consolidate and improve the basic work requirements of accounting, and continuously improve the quality of accounting and financial information; Actively respond to the challenges brought by the changes of the new accounting standards, and do a good job in the connection and implementation of the old and new accounting standards; Do a good job in the preparation of regular reports and constantly improve the quality of information disclosure. 2. Pay taxes according to law and reduce tax related risks. Strengthen the study and application guidance of tax laws and policies, implement various tax policies, and constantly improve the awareness of tax compliance; Do a good job in tax review, improve the tax support mechanism for new businesses, and strengthen the control of tax related matters at the source of business; Actively respond to inspection and reduce tax related risks; Implement the policy of tax reduction and fee reduction, and do a good job in enjoying tax preferences
3. Strengthen fund management, actively create financial value and promote the improvement of enterprise value. We will do a good job in the overall management of funds, strengthen fund operation and capital operation, reduce the occupation of funds, collect all accounts receivable, and realize the safety, efficiency, preservation and appreciation of funds.
4. Strengthen financial management and help improve the operating efficiency of the company. Scientifically formulate the annual benefit objectives of each subsidiary and the performance evaluation indicators of management cadres, strengthen the evaluation and incentive, compact the responsibilities at all levels, and stimulate the endogenous driving force. Conscientiously integrate industry and finance, actively integrate into the whole process of business before, during and after, effectively identify opportunities and objectives for business improvement, help solve business pain points and difficulties, and empower production and operation optimization.
2、 Financial completion in 2021
In 2021, the demand for cement is generally characterized by "weakening demand, first high and then low". The national cement output is 2.363 billion tons, a year-on-year decrease of 1.2%. Under the background of the sharp rise of production costs and the contraction of supply, the cement price has moved up as a whole, and the price has reached a record high. From the perspective of the whole year, the cement price shows a trend of "restraining first and then rising". In 2021, the operating revenue of the cement industry was 1075.4 billion yuan, a year-on-year increase of 7.3%, and the total profit was 169.4 billion yuan, a year-on-year decrease of 10.0%. Although the overall benefit level of the cement industry in the whole year has weakened year-on-year, the toughness is still there, and the industry profit is still at a historically good level. (source: Digital cement network)
In 2021, the company achieved cement output of 199737 million tons, an increase of 2.31% over the same period of last year; The sales volume of cement reached 197889 million tons, an increase of 2.96% over the same period of last year; The operating revenue was 7.713 billion yuan, an increase of 9.46% over the same period last year; The net profit attributable to the shareholders of the listed company was 1.836 billion yuan, an increase of 3.04% over the same period last year, and the operating performance hit a record high. 91.8% of the annual net profit target of 2 billion yuan was achieved, and the annual target was not fully achieved.
3、 Main accounting data and financial indicators in 2021
Increase or decrease of the project from 2021 to 2020 over the previous year (%)
Operating income (10000 yuan) 7713401770466630 9.46%
Net profit attributable to shareholders of the listed company (10000 yuan) 1836324717821547 3.04%
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 1 Zhejiang Great Shengda Packing Co.Ltd(603687) 416307920 - 1.66% (10000 yuan)
Net cash flow from operating activities (10000 yuan) 2197288924191372 - 9.17%
Basic earnings per share (yuan / share) 1.57 1.51 3.97%
Diluted earnings per share (yuan / share) 1.57 1.51 3.97%
Weighted average return on net assets (%) 16.69%, 17.62% - 0.93%
Increase or decrease at the end of 2021 compared with the end of last year (%)
Total assets (10000 yuan) 138283786126105281 9.66%
Owner's equity attributable to shareholders of listed companies 117196073104460629 12.19% (10000 yuan)
The above financial data show that the main financial data indicators of the company in 2021 have increased slightly compared with that in 2020, which is mainly due to the company's efforts to overcome various difficulties and challenges caused by weakening demand, soaring coal price and energy consumption double control power and production restriction during the reporting period, and thanks to the complete release of phase II capacity of Wenfu 10000 ton line project, the company has achieved a small increase in cement production and sales; The cement price in the eastern Guangdong regional market continued to operate at a low level since the beginning of the year, rose and fell in the second quarter. In the third quarter, the supply was tightened under the dual control of energy consumption and power restriction. The cement price began to rise rapidly since early September. In the fourth quarter, the sharp rise in the price of building materials combined with the continuous deepening of real estate regulation, the rapid cooling of the real estate market and the continuous slowdown of real estate investment, The construction progress of the project is slow, the cement demand shrinks, and the superimposed coal price rises and falls. The cement price has peaked and declined since mid October. The impact of double control of energy consumption at the end of the year is gradually alleviated, but the cement demand is still weak.
On the whole, the annual cement sales price of the company increased by 8.03% over the same period of last year; Affected by the rise of coal price, the company's cement sales cost increased by 12.68% compared with the same period of last year. The increase of cost is greater than that of selling price, which makes the company's comprehensive gross profit margin decreased by 2.44 percentage points year-on-year, and the profitability of cement products decreased slightly year-on-year. The simultaneous rise of cement sales price offset the impact of the rise of cement cost, and superimposed the year-on-year increase of securities investment and financial management income in the reporting period, resulting in a slight increase in the company's operating profit, total profit and net profit attributable to shareholders of Listed Companies in the reporting period.
Affected by the fact that the year-on-year increase of net profit attributable to shareholders of Listed Companies in the reporting period was lower than that of net assets attributable to shareholders of listed companies, the weighted average return on net assets of the company in the reporting period decreased by 0.93 percentage points year-on-year.
4、 Financial position, operating results and cash flow analysis
1. Consolidated balance sheet
At the end of 2021, the total assets of the company were 13828378600 yuan, an increase of 9.66% over the end of the previous year; Total liabilities amounted to 2078052300 yuan, a decrease of 3.57% over the end of the previous year; The owner's equity attributable to the shareholders of the listed company was 117190673 million yuan, an increase of 12.19% over the end of the previous year. The asset liability ratio in the consolidated statements was 15.03%, down 2.06 percentage points from the end of the previous year.
The following is the analysis of the company's balance sheet as of December 31, 2021 and the reasons for changes in main items:
(unit: 10000 yuan)
Reasons for changes in the proportion of increase and decrease of the project at the end of 2021 and 2020
Monetary capital 144416 Guizhou Space Appliance Co.Ltd(002025) 4555 - 28.70%
Trading financial assets 3407330925637704 32.90% were mainly due to the increase of structured deposits and net worth non breakeven financial products
Notes receivable 250.00324465 - 92.30% was mainly due to the decrease of payment settled by bank acceptance bill
Reasons for changes in the proportion of increase and decrease of the project at the end of 2021 and 2020
Accounts receivable 267254370642 - 27.89%
The prepayment was 226169393529-42.53%, mainly due to the decrease of prepayment for spare parts
Other receivables 205101214262 - 4.28%
Inventory 67192325722539 17.42%
Non current due within one year 627012491288 27.63%
assets
It is mainly due to the recovery of financial products and priority trust products with the volume characteristics of 24206156161792 - 60.72% of contract cash flow and other current assets in line with the principal plus interest
Total current assets 5900529259570776 -0.95%
The debt investment of 1006115865 Shahe Industrial Co.Ltd(000014) 4787% was mainly due to the increase of large certificates of deposit planned to be held to maturity
Long term equity investment 52407975129200 2.18%
Investment in other equity instruments 175024186129 - 5.97%
Other non current financial assets 98566577730271 27.51%
Investment real estate 101637108079 - 5.96%
Fixed assets 3953102839216568 0.80%
8047552107296 - 61.81% of the projects under construction are mainly due to the fact that some of the projects under construction have reached the scheduled capacity
