China Railway Prefabricated Construction Co.Ltd(300374)
Financial statement report of 2021
China Railway Prefabricated Construction Co.Ltd(300374) (hereinafter referred to as “the company”) the financial statements for the year 2021 are prepared in accordance with the provisions of the accounting standards for business enterprises, which fairly reflect the company’s financial position as of December 31, 2021 and its operating results and cash flows in 2021 in all material aspects. The consolidated financial statements of the company have been audited by PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The main financial data reflected in the consolidated financial statements of 2021 are reported as follows:
1、 Main financial indicators
Unit: RMB
Year on year
20212020 2019
Increase or decrease
Operating income (yuan): 4223978202799142826397 – 57.40% 95413472686
Attributable to listed companies
Net profit of shareholders of the company – 361032156761409984426 – 266054% 6732462218 profit (yuan) attributable to shareholders of listed companies
-37228431889341158422 – 1101236% 4586583880 net profit from non recurring profits and losses (yuan) generated from operating activities
Net cash flow of -7926435238 -705902688 -102288% 24330759929 (yuan) basic earnings per share
-1.47 0.06 – 255000% diluted earnings per share of 0.27 (yuan / share)
-1.47 0.06 – 255000% 0.27 (yuan / share)
Weighted average net assets
-26.68% 0.92% – 27.60% 4.48% yield
Year end comparison
End of 2021 end of 2020 end of 2019
Increase or decrease at the end of the year
Total assets (yuan) 311759479502322619499619 – 3.37% 291507186677
Attributable to listed companies
Net capital of shareholders of the company 117169589480153517967493 – 23.68% 153239498376 yuan
The company’s operating revenue in 2021 was 42239782027 yuan, a decrease of 57.40% over the previous year; The net profit attributable to the shareholders of the listed company was -36103215676 yuan, a decrease of 266054% over the previous year; The basic earnings per share was -1.47 yuan / share, a decrease of 255000% over the previous year; The total assets amounted to 311759479502 yuan, a decrease of 3.37% over the previous year; The net assets attributable to the shareholders of the listed company were 117169589480 yuan, a decrease of 23.68% over the previous year.
2、 Financial situation analysis
(I) asset status analysis
Unit: RMB
Change range of the project from December 31, 2021 to December 31, 2020
Monetary capital 1645582041322764906442 – 27.71%
Notes receivable 34052272802304497256 47.76%
Accounts receivable 559923714597326332570 – 23.57%
Prepayment 13436728642180085316 – 38.37%
Other receivables 22014364123670526280 – 40.02%
Inventory 73151371297856473797 – 6.89%
Contract assets 4552973076535548642149 28.08%
Other current assets 59463057024628195898 28.48%
Investment in other equity instruments 11675341431267534143 – 7.89%
Investment real estate 1158397048146597914773 – 75.14%
Fixed assets 133977508448107111073414 25.08%
Construction in progress 18270206141618351572 12.89%
Right of use assets 12040303651304366229 – 7.69%
Intangible assets 95286525109613238256 – 0.88%
Deferred income tax assets 135333734522622074750 416.13%
Other non current assets 747687465268486774 178.48%
Total assets 311759479502322619499619 – 3.37%
Analysis of main changes:
1. Monetary funds
Monetary capital decreased by 6309086029 yuan or 27.71% at the end of the current period compared with the end of the previous period, mainly due to the decrease in net cash flow from operating activities and financing activities in the current period.
2. Notes receivable
Notes receivable at the end of the period increased by 1100730024 yuan or 47.76% compared with that at the end of the previous period, mainly because acceptance bills that have been endorsed or discounted and have not yet expired are restored as notes receivable at the end of the period.
3. Accounts receivable
Accounts receivable at the end of the period decreased by 17270761111 yuan compared with that at the end of the previous period, with a decrease of 23.57%, mainly due to the decrease of project progress payment and product sales payment receivable in the current period. 4. Advance payment
The advance payment at the end of this period decreased by 836412452 yuan compared with that at the end of the previous period, with a decrease of 38.37%, mainly due to the decrease of project payment and material payment in this period.
5. Other receivables
Other receivables decreased by 1469089868 yuan at the end of the current period compared with the end of the previous period, with a decrease of 40.02%, mainly due to the decrease of performance bond.
6. Inventory
The inventory at the end of the period decreased by 541336668 yuan or 6.89% compared with that at the end of the previous period, mainly due to the provision for inventory falling price for some inventories at the end of the period.
7. Contract assets
The contract assets increased by 9981088616 yuan at the end of the current period compared with the end of the previous period, mainly due to the increase in the amount settled in the current period into the completed but unsettled amount. 8. Other current assets
Other current assets increased by 1318109804 yuan at the end of the period compared with the end of the previous period, with an increase rate of 28.48%, mainly due to the increase of value-added tax retained at the end of the year.
9. Investment real estate
The investment real estate decreased by 35013944292 yuan at the end of the current period compared with the end of the previous period, mainly due to the conversion of some investment real estate to self use in the current period.
10. Fixed assets
Fixed assets at the end of the current period increased by 26866435034 yuan compared with the end of the previous period, with an increase rate of 25.08%, mainly due to the conversion of some investment real estate to self use in the current period.
11. Construction in progress
The construction in progress increased by 208669042 yuan at the end of the current period compared with the end of the previous period, with an increase rate of 12.89%, mainly due to the increase in the investment of construction in progress in the current period.
12. Right to use assets
The right to use assets decreased by 100335864 yuan at the end of the current period compared with the end of the previous period, mainly due to the increase in the depreciation of right to use assets in the current period.
13. Intangible assets
Intangible assets decreased by 84585746 yuan at the end of the current period compared with the end of the previous period, with a decrease of 0.88%, mainly due to the increase in the cumulative amortization of intangible assets in the current period.
14. Deferred income tax assets
Deferred income tax assets at the end of the period increased by 10911298702 yuan or 416.13% compared with the end of the previous period, mainly due to the increase of deductible temporary differences caused by deductible losses before tax in the current period.
Other non current assets increased by 479200691 yuan at the end of the current period compared with the end of the previous period, with an increase of 178.48%, mainly due to the increase of quality assurance deposit receivable in the current period.
(II) analysis of liabilities
Unit: RMB
Change range of the project from December 31, 2021 to December 31, 2020
Short term loan 1190000 Shenzhen Quanxinhao Co.Ltd(000007) 1574271110 66.26%
Notes payable-
Accounts payable 5846473768942898098380 36.29%
Advance payment-
Contract liabilities 1063240366904830834 17.51%
Payroll payable 79649020720565284 – 88.95%
Tax payable Mianyang Fulin Precision Co.Ltd(300432) 819682941181 – 56.01%
Other payables 65402525141612790511 305.52%
Non current liabilities due within one year
11,269,
