Tianshui Zhongxing Bio-Technology Co.Ltd(002772)
Financial statement report of 2021
Tianshui Zhongxing Bio-Technology Co.Ltd(002772) (hereinafter referred to as "the company") has audited the financial statements of 2021 by Zhongshen Zhonghuan Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The financial statements of the company for 2021 are prepared in accordance with the provisions of the accounting standards for business enterprises, which fairly reflect the financial position of the company as of December 31, 2021 and the operating results and cash flow of the company in 2021 in all major aspects. The main financial data reflected in the consolidated financial statements of 2021 are reported as follows (unless otherwise specified, the amount unit is RMB 10000):
1、 Main financial data and indicators
In 2021, the company's main business is the R & D, production and sales of edible fungi, and its main products are Flammulina velutipes and Agaricus bisporus products. During the reporting period, on the one hand, the change of the company's operating performance was affected by the decline of the overall profit margin of the industry. For example, affected by the trade of bulk goods, the purchase price of raw materials for Flammulina velutipes production increased as a whole, and the product cost increased significantly; In the post epidemic era, the consumption in the downstream market of edible fungi is weak, especially the sales price of Flammulina velutipes products remains low, and the market performance in the traditional peak sales season is poor; Repeated epidemics, technical accidents, rainstorms and other factors lead to the scrapping of some finished products and products in process. On the one hand, the double spore mushroom production base of Jiangsu company has gradually released the main varieties of double spore mushroom in the second period of the whole year, and its price has gradually contributed to the production of double spore mushroom. On the other hand, the double spore mushroom production base has gradually been put into operation in the second period of the whole year. On the other hand, the double spore mushroom production base has gradually released the main varieties of double spore mushroom. This year, the company achieved a total operating income of 1556146700 yuan, an increase of 4.92% year-on-year; The net profit attributable to the shareholders of the listed company was 54.968 million yuan, a year-on-year decrease of 70.91%; The company's edible fungus sales reached 310500 tons, an increase of 6.40% over the previous year.
The main financial data and indicators are as follows:
Unit: RMB 10000
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total assets 6551297255819442 17.37%
Owner's equity attributable to shareholders of listed companies 3248 Jinjian Cereals Industry Co.Ltd(600127) 291055 19.04%
Share capital (share): 40742183677171 10.80%
Net assets per share attributable to shareholders of listed companies (yuan / share) 7.97 7.42 7.41%
Total operating income 1556146714831785 4.92%
Net profit attributable to shareholders of listed companies 5496801889593 - 70.91%
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Net cash flow from operating activities -41368123893188 -206.26%
Net cash flow from operating activities per share (yuan / share) -1.02 1.06 - 196.23%
Basic earnings per share (yuan / share) 0.14 0.56 - 75.00%
Diluted earnings per share (yuan / share) 0.14 0.56 - 75.00%
Weighted average return on net assets 1.90%, 7.07% - 5.17%
The weighted average return on net assets after deducting non operating profits and losses is 1.07%, 5.51% - 4.44%
Note: the above data are filled in with consolidated data
2、 Analysis of the company's financial situation and operating results in 2021
(I) analysis of financial situation
1. Asset structure
Unit: RMB 10000
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Current assets:
Monetary capital 1595198012149121 31.30%
Trading financial assets 26342876886109 - 61.74%
Accounts receivable 178787224427 - 20.34%
Prepayment 244199258840 - 5.66%
Other receivables 372.55 266.82 39.63%
Inventory 117388872607956 350.12%
Total current assets 3078539522153134 38.97%
Non current assets:
Debt investment 816479917304 - 10.99%
Long term receivables 450.90
Long term equity investment 108979150768 - 27.72%
Fixed assets 2537291122074219 14.94%
Construction in progress 46784746745605 - 30.64%
Right to use assets 29.41
Intangible assets 35059333390656 3.40%
Long term deferred expenses 33.60
Other non current assets 193409387755 - 50.12%
Total non current assets 3472757733666308 3.15%
Total assets 6551297255819442 17.37%
At the end of 2021, the total assets of the company were 65512972 million yuan, an increase of 17.37% over the end of the previous year.
Among them, current assets were 3078539500 yuan, an increase of 38.97% over the same period last year, and non current assets were 3472757700 yuan, an increase of 3.15% over the same period last year. The sub subjects with large changes and the main reasons are:
(1) Monetary capital: the ending balance increased by 3802859 million yuan or 31.30% compared with the end of the previous period, mainly due to the due redemption of some financial products and the increase of bank loans applied to the bank this year.
(2) Trading financial assets: the balance at the end of the period decreased by 425182200 yuan or 61.74% compared with that at the end of the previous period, mainly due to the redemption of some mature financial products this year.
(3) Other receivables: the ending balance increased by 1.0573 million yuan or 39.63% compared with that at the end of the previous period, mainly due to the increase of current accounts of external units compared with that of the previous year.
(4) Inventory: the ending balance increased by 913093100 yuan or 350.12% compared with that at the end of the previous period, mainly due to the acquisition of the land use right for project development by the sun company Tianshui Yusheng real estate.
(5) Construction in progress: the balance at the end of the period decreased by 206713100 yuan or 30.64% compared with that at the end of the previous period, mainly due to the fixed assets transfer of Jiangsu Zhongyou phase II project and Wuhe Zhongxing phase II project.
(6) Other non current assets: the ending balance decreased by 194346 million yuan or 50.12% compared with the beginning, mainly due to the transfer of some non current assets into construction in progress.
2. Debt structure
Unit: RMB 10000
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Current liabilities:
Short term loan 15 China Vanke Co.Ltd(000002) 180000 - 31.19%
Accounts payable 15557111325351 17.38%
Contract liabilities 662.47 255.37 159.42%
Payroll payable 5 Minsheng Holdings Co.Ltd(000416) 21695 - 19.57%
Tax payable 65.66 74.35 - 11.69%
Other payables 1841 Suzhou Anjie Technology Co.Ltd(002635) 075 189.89%
Non current liabilities due within one year 27257183741801 - 27.15%
Total current liabilities 81952848536893 - 4.00%
Non current liabilities:
Long term loan 1945969110274188 89.40%
Bonds payable 38448328271375 - 53.52%
Lease liabilities 29.01
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Long term accounts payable 227090
Deferred income 12719051414139 -10.06%
Total non current liabilities 248064
