Suzhou Thvow Technology Co.Ltd(002564)
Financial statement report of 2021
In 2021, under the leadership of the board of directors and through unremitting efforts of the management and all employees of the company, the operation of the company was stable and orderly. The financial statements of the company in 2021 have been verified by Zhonghua Certified Public Accountants (special general partnership), which has issued an unqualified audit report of Zhong Hui Zi (2022) No. 02499 standard. Now, based on the verified consolidated statements and the data of holding subsidiaries, Make the final financial report of 2021. 1、 Main accounting data of 2021
Unit: 10000 yuan
Increase or decrease of operating results in 2021 and 2020 over the previous year
Operating income 6806791277124736 – 11.74%
Operating cost 5670633776896156 – 26.26%
Operating profit -8555024 -16704093 48.78%
Total profit -8579826 -16748401 48.77%
Net profit attributable to shareholders of listed companies -6933198 -11595173 40.21%
Net profit attributable to shareholders of listed companies after deducting 39.23% of non recurring profit and loss of -7628722 -12552948
Net cash flow from operating activities -6154841491527 -135219%
Financial position at the end of 2021 and 2020: increase or decrease at the end of the current year compared with the end of the previous year
Total assets: 2854476 -3035476%
Total liabilities 262350949273014182 – 3.91%
Net assets attributable to shareholders of listed companies 1810295025031080 – 27.68%
Note: the unit of this report is 10000 yuan. If there is any difference in the mantissa between the sum of some total numbers and each detailed number, it is caused by rounding.
During the reporting period, the company realized an operating income of 6806791200 yuan, a decrease of 11.74% over the same period of last year; camp
The profit of the industry was -855502400 yuan, and the loss decreased by 48.78% over the same period of last year; The total profit was -857982600 yuan, and the loss decreased by 48.77% over the same period of last year; The net profit attributable to the shareholders of the listed company was -693319800 yuan, and the loss decreased by 40.21% over the same period of the previous year; Earnings per share was -0.80 yuan, and the weighted average return on net assets was -32.27%.
At the end of the reporting period, the company had total assets of 28472355400 yuan and total liabilities of 26235094900 yuan
The net assets of the shareholders of the listed company are 1810295 million yuan, and the asset liability ratio is 92.14%, which belongs to the listed company
The net assets per share of the company’s shareholders are 2.08 yuan.
2、 Financial position in 2021
(I) composition of assets
Unit: 10000 yuan
Increase or decrease of the project at the end of 2021 and 2020 compared with the end of last year
Current assets 221462795243286933 – 8.97%
Non current assets 6326076060592021 4.40%
Total assets 284723554303878953 – 6.30%
Of which:
Monetary capital 1463437522643564 – 35.37%
Notes receivable 37457391231342 204.20%
Accounts receivable 4521905462388800 – 27.52%
Prepayments 1172212121745623 – 46.09%
Inventory 1866254119140471 – 2.50%
Contract assets 9043458081349650 11.17%
Long term equity investment 28915712827538 2.26%
Fixed assets 1236857613043049 – 5.17%
Construction in progress 1872383013940581 34.31%
Intangible assets 18835231951898 – 3.50%
Goodwill 1762333019565295 – 9.93%
Deferred income tax assets 86543828143062 6.28%
At the end of the reporting period, the total assets of the company were 2847235554 million yuan, a decrease of 19155399 million yuan or 6.30% compared with the beginning of the period.
Among them, current assets accounted for 77.78% of total assets, a decrease of 2182413800 yuan or 8.97% compared with the beginning of the period; Non current assets accounted for 22.22% of total assets, an increase of 266873900 yuan or 4.40% over the beginning of the period. The change analysis of main asset items is as follows:
1. The ending balance of monetary funds was 1463437500 yuan, a decrease of 8009189 million yuan or 35.37% compared with the beginning of the period. The main reason is the increase of cash outflow paid for operating activities in the current period.
2. The ending balance of notes receivable was 3745739 million yuan, an increase of 2514397 million yuan or 204.20% over the beginning of the period, mainly due to the increase of notes on hand received by the company at the end of the period over the beginning of the year.
3. The ending balance of accounts receivable was 45219054 million yuan, a decrease of 17169746 million yuan or 27.52% compared with the beginning of the period. The main reason is that the company strengthened the collection of accounts receivable and actively collected them during the reporting period. The original value of accounts receivable at the end of the period decreased compared with the beginning of the period. In addition, due to the long subsidy distribution cycle of new energy power station and the rise of coal price, the thermal power station has great capital pressure, As a result, the collection time of EPC project funds is delayed, the aging of accounts receivable is prolonged, the provision for bad debts is increased, and the ending balance of accounts receivable is lower than that at the beginning of the period.
4. The ending balance of prepayments was 1172212100 yuan, a decrease of 1 Beijing Creative Distribution Automation Co.Ltd(002350) 200 yuan compared with the beginning of the period
The decrease of 46.09% was mainly due to the significant increase in construction costs during the reporting period. In order to control the project cost and slow down the progress of the project, the company reduced the advance payment for procurement.
5. The ending balance of goodwill was 1762333000 yuan, a decrease of 194196500 yuan or 9.93% compared with the beginning of the period, mainly due to the lower than expected income of the important subsidiary of the company’s energy engineering sector, China sinogy Power Engineering Co., Ltd., and the increase of credit impairment provision and asset impairment provision.
(II) composition of liabilities
Unit: 10000 yuan
Increase or decrease of the project from the end of 2021 to the end of 2020 over the previous year
Current liabilities 224732387223450654 0.57%
Non current liabilities 3761856249563528 – 24.10%
Total liabilities 262350949273014182 – 3.91%
Of which:
Short term loan 46948 Bingshan Refrigeration & Heat Transfer Technologies Co.Ltd(000530) 57837 – 11.52%
Notes payable 370665811210335 – 66.94%
Accounts payable 9229870487048753 6.03%
Contract liabilities 2399157237133644 – 35.39%
Non current liabilities due within one year 4272830420264266 110.86%
Long term loan 3730500049165000 – 24.12%
At the end of the reporting period, the total liabilities of the company were 26235094900 yuan, a decrease of 1066323400 yuan or 3.91% compared with the beginning of the period. Among them, current liabilities amounted to 224732387 million yuan, an increase of 1281733 million yuan over the beginning of the period
Yuan, an increase of 0.57%; Non current liabilities amounted to 3761856200 yuan, a decrease of 1194496700 yuan compared with the beginning of the period,
Decreased by 24.10%. The change analysis of main liability items is as follows:
1. The ending balance of notes payable was 370665800 yuan, a decrease of 7503678 million yuan compared with the beginning of the period
The decrease of 66.94% was mainly due to the decrease of the company’s bill payment balance at the end of the period.
2. The ending balance of contract liabilities was 2399157200 yuan, a decrease of 1314207200 yuan compared with the beginning of the period,
The decrease of 35.39% was mainly due to the fact that the company was affected by the rise of construction costs during the reporting period. In order to control the project cost and slow down the progress of the project, in addition, with the continuous implementation of orders in hand, it was successively recognized as sales revenue according to the progress of the project, and the amount of contract liabilities decreased compared with the beginning of the year.
3. The ending balance of non current liabilities due within one year was 42728304 million yuan, an increase over the beginning of the period
The increase of RMB 6.486 million in long-term borrowings due within one year was mainly due to the heavy classification of long-term borrowings.
(III) shareholders’ equity
Unit: 10000 yuan
By the end of 2021 and 2020, the project has increased over the previous year
