Hangzhou Weiguang Electronic Co.Ltd(002801)
Financial statement report of 2021
In 2021, facing the complex and severe situation outside China and many risks and challenges, Hangzhou Weiguang Electronic Co.Ltd(002801) (hereinafter referred to as “the company” or “the company”) will unite and work hard, strengthen development confidence, adhere to the general tone of seeking progress while maintaining stability, implement the new development concept, focus on the annual objectives, coordinate epidemic prevention and control and economic development, accurately recognize changes, respond scientifically and take the initiative to seek changes, We actively carried out the work of “fast research and development, grabbing orders, strengthening management, reducing costs, improving quality and increasing benefits”, and achieved healthy and rapid development.
In 2021, the company realized an operating revenue of 1111608 million yuan, a year-on-year increase of 39.27%, and completed 96.66% of the budget at the beginning of the year; The net profit was 2544118 million yuan, a year-on-year increase of 31.56%, and 101.76% of the budget at the beginning of the year. As of December 31, 2021, the total assets of the company were 1584251600 yuan, an increase of 14.08% over the beginning of the period; The owner’s equity attributable to the shareholders of the listed company was 1336678300 yuan, an increase of 13.88% over the beginning of the period.
1、 Audit of the company in 2021
The financial statements of the company in 2021 have been audited by Tianjian Certified Public Accountants (special general partnership) and issued an unqualified audit report of Tianjian Shen [2022] No. 898 standard. Audit opinion of certified public accountant: “the financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the consolidated and parent company’s financial position of Hangzhou Weiguang Electronic Co.Ltd(002801) company as of December 31, 2021, as well as the consolidated and parent company’s operating results and cash flow in 2021.”
2、 Main financial data and indicators of the company
The following financial indicators are calculated based on the data in the financial statements:
Changes in financial indicators of the project from 2021 to 2020
Current ratio (Times) 5.39 5.41 -0.02
Solvency quick ratio (Times) 4.71 4.83 -0.12
Asset liability ratio (%) 15.63 15.34 0.29
Operating capacity accounts receivable turnover rate (Times) 5.93 4.26 1.67 inventory turnover rate (Times) 5.48 4.92 0.56
Basic earnings per share (yuan / share) 1.11 0.84 0.27 profitability weighted average return on net assets (%)
20.21 17.72 2.49
Note: the basic earnings per share in 2020 has been retroactively adjusted in accordance with the provisions of relevant accounting standards.
Through the analysis of relevant indicators of solvency, the company’s current ratio and quick ratio decreased slightly compared with the end of the previous period, but the overall financial situation is stable and has strong anti risk ability. At present, the company’s asset liability ratio is lower than the industry average level, which can strengthen the financial leverage of debt; Through the analysis of relevant indicators of operating capacity, the turnover rate of accounts receivable and inventory have increased, and the control is strong; Through the analysis of profitability related indicators, the company’s ability to obtain profits and realize capital appreciation is enhanced. 3、 Analysis of the company’s financial situation, operating results and cash flow
(I) financial status
1. Composition and changes of assets at the end of 2021
Unit: 10000 yuan
Reasons for the increase or decrease in the ending balance of assets at the end of the previous year
Current assets:
Monetary capital 17446501536987207663 13.51%
Trading financial assets 73214066085943123546 20.30%
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Notes receivable 634.15 336.97 297.18 88.20% of the commercial acceptance bills received increased.
Accounts receivable 17303841705056 253.28 1.49%
Receivables financing 508687593090 -844.03 -14.23%
Advance payment 150.99 116.56 34.43 29.54%
Other receivables 277.71 301.80 -24.09 -7.98%
Inventory 16080501175177432874 36.83% increased market demand and goods preparation.
136.32 – 136.32 – 100.00% of contract assets have no warranty deposit receivable at the end of the period.
Other current assets 177.20, 115.16, 62.04 and 53.88% are mainly prepaid enterprise income tax.
Total current assets 184025
130371.83 111969.33 0 16.44%
Non current assets:
The long-term equity investment company holds 20% equity of Jiangsu youanshi battery materials 120002 Co., Ltd.
Other non current financial
Assets 7750006 Ping An Bank Co.Ltd(000001) 75000 29.17%
Fixed assets 15587141612159 – 534.45 – 3.32%
Construction in progress 273.23 370.50 – 97.27 – 26.25%
Intangible assets 281764382158 – 100394 – 26.27%
It is mainly the transfer out of 27.11 – 27.11 – 100.00% of the long-term deferred expenses of Hangzhou Zhejiang Tiantai Xianghe Industrial Co.Ltd(603500) Co., Ltd.
Deferred income tax assets 336.73 443.71 -106.98 -24.11%
Other non current assets 88.57 113.79 – 25.22 – 22.16%
Total non current assets 28053322689828115504 4.29%
Total assets 1584251613886761195575 14.08%
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2. Composition and changes of liabilities at the end of 2021
Unit: 10000 yuan
Reasons for the increase or decrease in the ending balance of liabilities at the end of the previous year
Current liabilities:
Notes payable at the end of the current period paid 774.99, 497.78, 277.21 and 55.69% of the commitments issued by raw material suppliers increased against bills of exchange.
Accounts payable 15742751485633 886.42 5.97%
Contract liabilities 270637144808125829 increased by 86.89% in advance payment.
Payroll payable 247062185448 616.14 33.22% of the final salary and bonus increased over the previous year.
The tax payable is 157885 962.13 616.72 64.10%, mainly due to the increase of income tax payable at the end of the period.
Other payables 863.00102108 -158.08 -15.48%
Other current liabilities 56.91 49.14 7.77 15.82%
Total current liabilities 24193482068901350448 16.94%
Non current liabilities:
Deferred income 533.12 589.37 -56.25 -9.54%
Deferred income tax liabilities 30.72 23.91 6.81 28.45%
Total non current liabilities 563.84 613.28 -49.44 -8.06%
Total liabilities 24757322130229345503 16.22%
3. Composition and changes of shareholders’ equity at the end of 2021
Unit: 10000 yuan
Reasons for the increase or decrease in the closing balance of owner’s equity at the end of the previous year
The share capital is the share capital of 22963201530880765440 50.00% transferred from the equity distribution reserve in this period.
The capital reserve mainly refers to the conversion of 1150626% 1912285 – 761659 – 39.83% of the equity distribution reserve into share capital in this period.
Surplus reserve: 1267224883.38%
Undistributed profit 865256972757351376834 18.92%
Attributable to the parent company
Total owner’s equity 13366783117372381629545
