Cloud Live Technology Group Co.Ltd(002306)
Financial statement report of 2021
According to the 2021 annual audit report issued by Lixin Zhonglian Certified Public Accountants (special general partnership), combined with the actual operation of the company in 2021, the company prepared the 2021 annual financial statement report to analyze the company’s operating performance. The specific conditions are as follows:
1、 Main financial data and indicators (monetary unit: 10000 yuan unless otherwise indicated)
Increase / decrease rate of the project from 2021 to 2020
Operating income 31717212720411 16.59%
Net profit attributable to shareholders of listed companies 474.70 -113503 141.82%
Deduction attributable to shareholders of listed companies is not -13.98 -51.69 72.96%
Net profit of recurring profit and loss
Net cash flow from operating activities -391618146748 -366.86%
Basic earnings per share (yuan / share) 0.0056 -0.0138140.58%
Diluted earnings per share (yuan / share) 0.0056 -0.0138140.58%
Increase and decrease rate of the project at the end of 2021 and 2020
Total assets 18475142160460 – 14.49%
Net assets attributable to shareholders of listed companies 892564411392 116.96%
1. During the reporting period, the company achieved an operating revenue of 3171721 million yuan, a year-on-year increase of 16.59%, mainly due to business expansion;
2. The net profit attributable to the shareholders of the listed company was 4.747 million yuan, turning losses into profits year-on-year, and the net profit after deducting non recurring profits and losses was -139800 yuan; Excluding the impact of share based payment expenses of 4.6492 million yuan, the net profit attributable to shareholders of Listed Companies in 2021 was 9.3962 million yuan, and the net profit after deducting non recurring profits and losses was 4.594 million yuan;
3. The net cash flow from operating activities was -391618 million yuan, a year-on-year decrease of 366.86%, mainly due to the increase in contract payments;
4. The net assets attributable to the shareholders of the listed company were 892564 million yuan, an increase of 116.96% compared with the beginning of the period, mainly due to the lifting of the ban on the first phase of the restricted stock incentive plan and the reduction of treasury shares.
2、 Financial situation analysis
(I) assets
Increase and decrease rate of the project at the end of 2021 and 2020
Current assets 15014881859491 – 19.25%
Including: monetary capital 3828551187122 – 67.75%
Accounts receivable 586.57144966 – 59.54%
Prepayment 138240 273.80 404.90%
Other receivables 175127146396 19.63%
Inventory 23.59 75.45 – 68.73%
Other current assets 244249343038 – 28.80%
Non current assets 346026 Guangdong Green Precision Components Co.Ltd(300968) 14.97%
Including: fixed assets 282.79 838.67 – 66.28%
Investment real estate 536.73
Right to use assets 119.25
Long term equity investment 409.41
Other non current assets 80.00
Total assets 18475142160460 – 14.49%
1. The balance of money paid at the beginning of the year and the end of the period was 3855000 yuan, a decrease of 3855000 yuan compared with that of the contract;
2. The ending balance of accounts receivable was 5.8657 million yuan, a decrease of 59.54% compared with the beginning of the year, which was caused by the sale of equity of subsidiaries no longer included in the scope of consolidation;
3. The ending balance of prepayment was 13.824 million yuan, an increase of 404.90% over the beginning of the year, mainly due to the contract payment of subsidiaries;
4. The ending balance of other receivables was 175127 million yuan, an increase of 19.63% over the beginning of the year, mainly due to the impact of school projects of subsidiaries;
5. The ending balance of inventory was 235900 yuan, a decrease of 68.73% compared with the beginning of the year, which was caused by the sale of equity of subsidiaries no longer included in the scope of consolidation;
6. The ending balance of other current assets was 244249 million yuan, a decrease of 28.80% over the beginning of the year, mainly due to the reduction of contract performance costs;
7. The ending balance of fixed assets was 2.8279 million yuan, a decrease of 66.28% over the beginning of the year, mainly due to the transfer out of investment real estate;
8. The ending balance of investment real estate was 5.3673 million yuan, which was caused by the transfer in of rental fixed assets; 9. The ending balance of the right to use is 1.1925 million yuan, which is due to the implementation of the new leasing standards;
10. The ending balance of long-term equity investment was 4.0941 million yuan, which was caused by the loss of control of the sale of subsidiaries and the remaining equity accounted according to the equity method;
11. The closing balance of other non current assets was 800000 yuan, which was due to the investment of group meal project by subsidiaries.
(II) liabilities
Increase and decrease rate of the project at the end of 2021 and 2020
Current liabilities 9026601704087 – 47.03%
Including: accounts payable 171436511505 – 66.48%
Payroll payable 724.70 394.03 83.92%
Taxes payable 248.02 948.95 – 73.86%
Other payables 5871191015912 – 42.21%
Non current due within one year 123.81
Current liabilities
Non current liabilities 545.07 477.71 14.10%
Including: estimated liabilities 545.07 477.71 14.10%
Total liabilities -1767178%
1. The ending balance of accounts payable was 171436 million yuan, a decrease of 66.48% compared with the beginning of the year, mainly due to payment channels and sharing;
2. The ending balance of employee compensation payable was 7.247 million yuan, an increase of 83.92% over the beginning of the year, which was due to the provision of employee compensation payable at the end of the period;
3. The ending balance of taxes payable was 2.4802 million yuan, a decrease of 73.68% over the beginning of the year, which was due to the payment of taxes; 4. The ending balance of other payables was 587119 million yuan, a decrease of 42.21% over the beginning of the year, mainly due to the lifting of the ban on restricted shares and the reduction of their repurchase obligations;
5. The ending balance of non current liabilities due within one year was 1238100 yuan, which was 0 at the beginning of the year, which was caused by the transfer in of lease liabilities;
6. It is estimated that the ending balance of liabilities is 5.4507 million yuan, an increase of 14.10% over the beginning of the year, which is due to the provision of investor litigation claim losses.
(III) shareholders’ equity
Increase and decrease rate of the project at the end of 2021 and 2020
Owner’s equity 890347408601 117.90%
Total shareholders’ equity attributable to the parent company 892564411392 116.96%
Note: the total equity attributable to the shareholders of the parent company is the net assets attributable to the shareholders of the listed company of 892564 million yuan, which has been explained in the above “main financial data and indicators”.
3、 Analysis of operating results
Increase and decrease rate of the project in 2021 and 2020
Operating income 31717212720411 16.59%
Operating cost 20926071790945 16.84%
Sales expenses 578752357305 61.98%
Administrative expenses 414425667458 – 37.91%
Financial expenses -19.13 -36.73 -47.93%
Investment income 357.84-
Credit impairment loss (loss -40.77 -313.09 -86.98%)
(filled with “-“)
Asset impairment loss (loss —
(fill in with “-“)
Non operating income 19.69 182.84 – 89.23%
Non operating expenses 90.02 307.02 – 70.68%
Income tax expense 585.61 72.02 713.09%
Attributable to shareholders of listed companies 474.70 -113503 -141.82%
Net profit (yuan)
1. Operating income has been described in the above “main financial data and indicators”.
2. The operating cost was 2092607 million yuan, a year-on-year increase of 16.84%, mainly due to the increase with the increase of income;
3. The sales expense was 578752 million yuan, a year-on-year increase of 61.98%, mainly due to the expansion of Internet game business and group meal project;
4. The management fee was 414425 million yuan, a year-on-year decrease of 37.91%, mainly due to the decrease of share based payment expenses; 5. Financial expenses were -191300 yuan, a year-on-year decrease of 47.93%, mainly due to the reduction of structural deposits; 6. The investment income is 3.5784 million yuan, which is the investment income obtained from bank financial management, sale of subsidiaries and investment in associated enterprises;
7. The credit impairment loss was -407700 yuan, a year-on-year decrease of 86.98%, mainly due to the 30% loss of CAS in the previous period
