Shenzhen Institute Of Building Research Co.Ltd(300675)
Financial statement report of 2021
Shenzhen Institute Of Building Research Co.Ltd(300675) (hereinafter referred to as "the company") under the leadership of the board of directors, the management team and the joint efforts of all employees, the company operates steadily and achieved an annual operating revenue of 502.83 million yuan in 2021, a slight decrease of 3.63 million yuan; The net profit attributable to the shareholders of the listed company was 44.51 million yuan, a year-on-year increase of 1.46%; The sales collection was 481.16 million yuan, a record high, an increase of 11.88% over the same period last year. The financial statements of the company in 2021 were audited by KPMG Huazhen Certified Public Accountants (special general partnership) and issued an unqualified audit report of KPMG Huazhen Shenzi No. 2202439 standard.
In 2021, the company held 19 subsidiaries in total, including 19 subsidiaries included in the consolidation scope, with no increase or decrease in companies.
The financial statements are reported as follows:
1、 Main financial indicators
Unit: 10000 yuan
Year on year increase and decrease of the project from 2021 to 2020
Operating income 5028350646 - 363 - 0.72%
Net profit attributable to shareholders of listed companies 44514387 64 1.46%
29132583 330 12.80% attributable to shareholders of listed companies
Net profit after deducting non recurring profit and loss
Net cash flow from operating activities 42046565 - 2361 - 35.97%
Basic earnings per share (yuan / share) 0.3035 0.2991 0.0044 1.47%
Diluted earnings per share (yuan / share) 0.3035 0.2991 0.0044 1.47%
The weighted average return on net assets was 8.59% and 9.06%, down 0.47 percentage points
Total assets 1337411309962745 2.10%
534485% of net assets attributable to shareholders of the listed company
2、 Financial situation
In 2021, the company's asset scale maintained stable growth, the total amount of liabilities decreased slightly, the asset structure and financial policies were stable, and the asset liability ratio decreased from 59.79% to 58.03%.
Unit: 10000 yuan
Year on year growth of the project from 2021 to 2020
Total assets 1337411309962.08%
Monetary capital 2244029117 - 22.93%
Accounts and notes receivable 3293133307 - 1.13%
Other receivables 7021159 - 39.40%
Fixed assets 1056810946 - 3.45%
Construction in progress 3946533119 19.16%
Intangible assets 84639114 - 7.14%
Contract assets 107807248 48.73%
Long term equity investment 343361 - 4.99%
Right of use assets 2957 0 -
Total liabilities 7761378317 - 0.92%
Short term loan 1201211010 9.10%
Accounts payable and notes payable 2124221436 - 0.98%
Other payables 25396627 - 61.69%
Long term borrowings and bonds payable 2435922800 6.84%
Lease liabilities 1185 0 -
Net assets 5612852680 6.55%
Undistributed profit 2393121044 13.72%
ratio
The asset liability ratio was 58.03%, 59.79%, down 1.76 percentage points
Current ratio 1.43 - 1.54 - 1.29%
Description of main changes:
1. The year-on-year decrease in monetary funds is mainly due to the year-on-year decrease in the collection and payment funds of EPC and agent construction business.
During the reporting period, EPC decreased by 38.27 million yuan year-on-year and agent construction households decreased by 34.86 million yuan year-on-year. After excluding these effects, monetary funds increased by 6.36 million yuan year-on-year.
2. Accounts receivable and notes receivable decreased by 1.13% year-on-year, mainly because the company increased the collection of accounts receivable. In 2021, the sales collection reached a new high, with a collection of 48.116 million yuan, a year-on-year increase of 11.88%. The decrease of other receivables is mainly due to the special clearing of historical deposits and deposits by the company.
3. The increase of contract assets is mainly due to the company's new project income in 2021.
4. The growth of projects under construction is due to the continuous increase of investment in the future building project of the company's new generation green technology integrated R & D base according to the construction plan.
5. The increase in use right assets and lease liabilities is due to the implementation of new lease standards and new subjects.
6. The net assets increased by 34.48 million yuan and the asset liability ratio decreased by 1.76 percentage points year-on-year, mainly due to the increase and carry forward of profits in the reporting period. 3、 Operating results
(I) operating income and operating cost
In 2021, in the face of the spread of the epidemic in China and the complex and severe market environment, the company actively increased revenue and expenditure, and the operating gross profit margin increased steadily.
Unit: 10000 yuan
Change range of the project from 2021 to 2020
Operating income 5028350646 - 0.72%
Operating cost 3050433090 - 7.81%
Operating gross profit margin 39.33%, 34.66% + 4.67 percentage points
Description of main changes:
The income scale is basically stable. Affected by the industry situation, the company's business in the whole process of architectural design, EPC and project management decreased. The company tapped the advantages of the whole chain of green and low-carbon technology services. During the reporting period, the green habitat public trust sector achieved a total operating revenue of 240.84 million yuan, a year-on-year increase of 26.97%, and the overall revenue scale remained stable.
Cost control has achieved remarkable results. On the one hand, the company continues to strengthen the whole process management of production and operation, implement the preparation and implementation control of the comprehensive budget of the project, and infiltrate cost management into all links; On the other hand, the company strengthened production organization and improved production efficiency, and the subcontracting fee decreased significantly year-on-year. During the reporting period, excluding the fluctuation factors of subcontracting fees in different stages of xiong'an commercial service project, the subcontracting fees decreased by 18.92 million yuan year-on-year, down 21.34%. To sum up, the overall gross profit margin of the company is 39.33%, excluding one-time incomparable revenue, the gross profit margin is 37.94%, with a year-on-year increase of 3.27 percentage points.
(II) period expenses
Unit: 10000 yuan
Year on year increase and decrease of the project from 2021 to 2020
Unit: 10000 yuan
Year on year increase and decrease of the project from 2021 to 2020
Selling expenses 45184580 - 62 - 1.35%
Administrative expenses 60625232 830 15.87%
R & D expenses 47153565 115032.27%
Financial expenses 272 24 248102887%
Including: interest expense 395101 294290.04%
Interest income 137 92 45 48.96%
Total expenses during the period 1556713400 216716.17%
Description of main changes:
1. The management fee increased by 8.3 million yuan year-on-year, mainly due to the return to normal of social security payment during the reporting period, the subsidy of anti epidemic policy in 2020, the increase of social security by about 4 million yuan year-on-year, and the increase of management expenditure due to the company's strengthening of internal control quality construction, system construction and capacity improvement.
2. R & D expenses increased by 11.5 million yuan year-on-year, mainly because the company continued to improve the level of independent innovation and strengthen R & D projects with the construction of science and technology platform as the core under the background of "double carbon". In 2021, the company added 93 new and ongoing research topics, 5 new patent applications and 108 patents in total, laying a solid foundation for the development opportunities of the 14th five year plan and reserving innovative technologies.
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