Financial statement report of 2021
(reporting period: January 1, 2021 to December 31, 2021)
1、 Audit of the company’s financial statements in 2021
The 2021 financial statements of Xgd Inc(300130) (hereinafter referred to as “the company” and ” Xgd Inc(300130) “) were prepared in accordance with the provisions of the accounting standards for business enterprises and audited by Dahua Certified Public Accountants (special general partnership), and issued a standard unqualified audit report (dahuashen Zi [2022] No. 005316). According to the audit opinion, the financial statements of Xgd Inc(300130) are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the financial position of Xgd Inc(300130) as of December 31, 2021 and the operating results and cash flows of Xgd Inc(300130) in 2021.
2、 Assets of the company in 2021
As of December 31, 2021, the total assets of the company are 37983557 million yuan, the total liabilities are 12536027 million yuan, the shareholders’ equity attributable to the parent company is 25255782 million yuan, and the asset liability ratio is 33.00%.
(I) analysis of balance sheet items
1. Asset item
Unit: RMB
Increase / decrease ratio and amount of asset project at the end of 2021 and 2020
Monetary capital 175232734046159643166533 9.77%
Trading financial assets Guangdong Xiongsu Technology Group Co.Ltd(300599) 498 – not applicable
Notes receivable 1749 Shunliban Information Service Co.Ltd(000606) 4648001174 – 62.37%
Accounts receivable 4635128682540310827990 14.98%
Prepayment 55746442921965847271 183.57%
Other receivables 18974026471844209837 2.88%
Inventory 2523423288216278073190 55.02%
Other current assets 123995758569142678957 35.62%
Total current assets 268739476652233832804952 14.93%
Long term receivables 3829 Ganyuan Foods Co.Ltd(002991) 143639267 – 66.52%
Long term equity investment 12880945021467599029 – 12.23%
There is no change in other equity instrument investment of 7000000000
Other non current financial assets 1485070000 – not applicable
Fixed assets 106753908097857240724 35.87%
Right of use assets 5293976295 – not applicable
Intangible assets 37531381340 Ght Co.Ltd(300711) 8 – 6.87%
Goodwill 79252848231 no change
Long term deferred expenses 9807279701532136295 – 35.99%
Deferred income tax assets 42950937115069387375 – 15.27%
Other non current assets 6667400055 Shanghai Pudong Development Bank Co.Ltd(600000) 19.92%
Total non current assets 1110960896 Shanghai Baolijia Chemical Co.Ltd(301037) 81458039 7.05%
Total assets 379835566282337614262991 12.51%
2. Liabilities and shareholders’ equity
Unit: RMB
Increase / decrease ratio and amount of liability items at the end of 2021 and 2020
Short term loan
Notes payable 96769979056187144949 56.40%
Accounts payable 3197196847923452883369 36.32%
Advance payment
Contract liabilities 38673084712223491003 73.93%
Payroll payable 71625450157188221465 – 0.36%
Tax payable 18966824272128185620 – 10.88%
Other payables 3020923669019110909549 58.07%
Other current liabilities 304439725303865513 0.19%
Non current negative 32673152869 due within one year – not applicable
debt
Current liabilities 11776233158160594701468 94.34%
Bonds payable 0. Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) 7665950 – 100.00%
Lease liabilities 2675316863 – not applicable
Estimated liabilities 36311101853123795786 16.24%
Deferred income 12721488511462279904 – 13.00%
Deferred income tax liabilities 1936564823221018 – 16.60%
Total non current liabilities 759794154734376962658 – 77.90%
Total liabilities 12536027312894971664126 32.00%
Share capital 48919727800 0.00%
Capital reserve 108263331850106262244140 1.88%
Less: treasury shares 5388759673 0.00%
Other comprehensive income -168795549 -127499674 32.39%
Surplus reserve 111593060478251691715 35.24%
Undistributed profit: Tianjin Jieqiang Power Equipment Co.Ltd(300875) 92897579%
Shareholders’ equity attributable to the parent company 252557818424242672987374 4.07%
total
Minority shareholders’ equity 1917474730 -30388509640987%
Shareholders’ equity 254475293154242642598865 4.88%
Total liabilities and shareholders’ equity 379835566282337614262991 12.51%
(1) At the end of the reporting period, notes receivable decreased by 62.37% compared with the beginning of the year, mainly due to the due settlement of acceptance notes during the reporting period.
(2) At the end of the reporting period, the prepayment increased by 183.57% over the beginning of the year, mainly due to the increase of prepayment for materials to suppliers during the reporting period.
(3) At the end of the reporting period, the inventory increased by 55.02% over the beginning of the year, mainly due to the preparation of materials and commodities during the reporting period.
(4) At the end of the reporting period, other current assets increased by 35.62% over the beginning of the year, mainly due to the increase of input tax of value-added tax to be deducted.
(5) At the end of the reporting period, long-term receivables decreased by 66.52% compared with the beginning of the year, mainly due to the recovery of customers’ long-term loans.
(6) At the end of the reporting period, fixed assets increased by 35.87% over the beginning of the year, mainly due to the increase in POS machinery leasing this year.
(7) At the end of the reporting period, the long-term deferred expenses decreased by 35.99% compared with the beginning of the year, mainly due to the amortization of expenses in the current year.
(8) At the end of the reporting period, notes payable increased by 56.40% over the beginning of the year, mainly due to the undue settlement of bank acceptance bills this year.
(9) At the end of the reporting period, accounts payable increased by 36.32% over the beginning of the year, mainly due to the increase in material preparation. (10) At the end of the reporting period, contract liabilities increased by 73.93% over the beginning of the year, mainly due to the increase in advance receipts from overseas sales this year.
(11) At the end of the reporting period, other payables increased by 58.07% over the beginning of the year, mainly due to the increase of provisions payable in the current year.
(12) At the end of the reporting period, bonds payable decreased by 100.00% compared with the beginning of the year, mainly due to the reclassification of non current liabilities due within one year.
(13) At the end of the reporting period, other comprehensive income was relatively low
