Shandong Dongyue Organosilicon Materials Co.Ltd(300821)
Financial statement report of 2021
With the correct decisions of the board of directors and the management of Shandong Dongyue Organosilicon Materials Co.Ltd(300821) (hereinafter referred to as “the company”) and the concerted efforts of all employees, the company’s operation was carried out normally in 2021. Now the financial statement of 2021 is reported as follows:
The 2021 financial statements of the company have been audited by Tianjian Certified Public Accountants (special general partnership) and issued the unqualified audit report of “Tianjian Shen [2022] No. 7-64” standard. The financial statements of 2021 are reported as follows:
1、 Operating income, operating costs and net profit
The company’s operating revenue in 2021 was 433321912091 yuan, an increase of 73.10% over the same period last year; The operating cost was 271305872009 yuan, an increase of 40.47% over the same period last year; The net profit attributable to the shareholders of the listed company was 115063446669 yuan, an increase of 309.87% over the same period last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 115153178134 yuan, an increase of 359.09% over the same period last year.
The main reason for the year-on-year growth of the company’s operating performance in 2021 is that the company comprehensively and orderly promoted all work under the leadership of the management according to the annual overall business plan. During the reporting period, due to the impact of the epidemic, the global market demand for chemical products was boosted, the industry demand recovered, and the impact of China’s “double control” policy, the price of chemical products generally rose; Relying on the company’s more than ten years of experience in the silicone industry, the company accurately predicted and effectively responded to the output and price fluctuations of upstream and downstream products. The company’s raw materials and products were stably supplied in a reasonable price range, and the revenue increased while the profit increased significantly; With unremitting efforts and innovation, the company has always attached importance to the R & D and production of downstream deep-processing products, promoted the transfer of the company to downstream high value-added deep-processing products, and achieved good business performance during the reporting period. 2、 Period cost
The composition of the company’s period expenses in 2020 and 2021 is as follows:
Unit: Yuan
Year on year increase or decrease of the project from 2021 to 2020
Sales expense 21690389467481236901 – 71.01%
Administrative expenses 56208014104659419522 20.63%
Financial expenses -2717501426 -1404464593 -93.49%
R & D expenses 23182106892185964403 24.66%
1. The company’s sales expenses in 2021 decreased by 71.01% compared with the previous year, mainly due to the adjustment of freight in the current period to the cost of sales.
2. The financial expenses of the company in 2021 decreased by 93.49% compared with the previous year, mainly due to the increase of interest income.
3、 Cash flow
The cash flow of the company in 2020 and 2021 is as follows:
Unit: Yuan
Year on year increase or decrease of the project from 2021 to 2020
Subtotal of cash inflow from operating activities 19253978349998075433837 96.32%
Subtotal of cash outflow from operating activities 13708282381477084418371 77.83%
Net cash flow from operating activities 5545695968520991015466 164.19%
Subtotal of cash inflow from investment activities 7 Jiangsu Flag Chemical Industry Co.Ltd(300575) 8917114823262389 – 36.42%
Subtotal of cash outflow from investment activities 1168317057321 Anhui Huaertai Chemical Co.Ltd(001217) 5762 – 44.37%
Net cash flow from investment activities -43825811656 -95188913373 -53.96%
Subtotal of cash inflow from financing activities 201141509434 – 100.00%
Subtotal of cash outflow from financing activities 1508276184633061571934 – 54.38%
Net cash flow from financing activities -15082761846168079937500 -108.97%
Net increase in cash and cash equivalents -345161381793882039593 -103.68%
1. The cash inflow from operating activities increased by 96.32%, mainly due to the increase of sales revenue;
2. The cash outflow from operating activities increased by 77.83%, mainly due to the increase in the price of raw materials;
3. The net cash flow from operating activities increased by 164.19%, mainly due to the increase of sales revenue;
4. The cash inflow from investment activities decreased by 36.42%, mainly due to the decrease of financial expenditure;
5. The cash outflow from investment activities decreased by 44.37%, mainly due to the decrease of financial expenditure;
6. The net cash flow from investment activities decreased by 53.96%, mainly due to the decrease of financial expenditure;
7. The cash inflow from financing activities decreased by 100.00%, mainly because the company received the raised funds from issuing shares last year; 8. The cash outflow from financing activities decreased by 54.38%, mainly due to the decrease of cash dividends paid;
9. The net cash flow from financing activities decreased by 108.97%, mainly due to the raised funds received from the company’s issuance of shares in the previous year; 10. The net increase in cash and cash equivalents decreased by 103.68%, mainly due to the raised funds received from the company’s issuance of shares in the previous year Shandong Dongyue Organosilicon Materials Co.Ltd(300821) board of directors March 22, 2022
