Financial statement report of 2021
1、 Audit of the company’s financial statements in 2021
The company’s 2021 financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the company’s financial position as of December 31, 2021 and its operating results and cash flow in 2021. The company’s 2021 financial statements have been audited by Dahua Certified Public Accountants (special general partnership) and issued an unqualified audit report in accordance with the standard of [Dahua Shen Zi [2022] 006902]. The main financial data reflected in the company’s 2021 financial statements are reported as follows:
2、 Main financial indicators in 2021
Increase and decrease of the project from 2021 to 2020
Operating income (yuan): 125664222829109206256596 15.07%
Operating profit (yuan): 50709017963553939043 42.68%
Net profit attributable to shareholders of listed company (yuan) 52915337824045342747 30.81%
Net profit attributable to non recurring shareholders of the listed company (311747138% of the net profit attributable to shareholders)
Net cash flow from operating activities (yuan) 32062270815496149299 – 41.66%
Basic earnings per share (yuan / share) 0.2620 0 0.200330.80%
Diluted earnings per share (yuan / share) 0.2620 0 0.200330.80%
Weighted average return on net assets 8.26%, 6.06%, 2.20%
Total assets: RMB 1869721488
Net assets attributable to shareholders of listed companies (yuan): 6336899183868177458056 – 7.05%
3、 Financial position in 2021
(I) changes in asset items
Unit: Yuan
Increase and decrease of the project at the end of 2021 and 2020
Monetary capital 141482427627835755458 80.56%
Accounts receivable 4969908671237430629533 32.78%
Receivables financing 22025717031333422152 65.18%
Prepayment 22601055421681159248 34.44%
Other receivables 1122919212564027804 99.09%
Contract assets 760150583811967701277 – 36.48%
Inventory 5823286904358468335329 – 0.40%
Other current assets 894570059273373 – 84.91%
Total current assets 135276246512120140304174 12.60%
Fixed assets 3981456335341236134256 – 3.45%
Construction in progress 13944369479945284 74.42%
Use right assets 291202598 100.00%
Intangible assets 88169950359027192481 – 2.33%
Long term deferred expenses 51763825 100%
Deferred income tax assets 19665488281864790773 5.46%
Other non current assets 259513202262249051 – 1.04%
Total non current assets 5134353538152508598014 – 2.22%
Total assets 186619781893172648902188 8.09%
Analysis of main changes:
1. Monetary capital increased by 80.56% over the beginning of the year, mainly due to the increase in cash collection at the end of the year and the increase in loans at the end of the year.
2. Accounts receivable increased by 32.78% over the beginning of the year, mainly due to the increase in income.
3. The financing of receivables increased by 65.18% over the beginning of the year, mainly due to the increase of bank acceptance bills that have not been endorsed.
4. Prepayments increased by 34.44% over the beginning of the year, mainly due to the increase of unsettled purchase orders at the end of the year. 5. Other receivables increased by 99.09% over the beginning of the year, mainly due to the increase of bid security.
6. Contract assets decreased by 36.48% compared with the beginning of the year, mainly due to the due recovery of warranty deposit and the change of the proportion of contract warranty deposit.
(II) changes in liability items
Unit: Yuan
Increase and decrease of the project at the end of 2021 and 2020
Short term loan 4011780947224032189640 66.93%
Notes payable 10000 Shenzhen Quanxinhao Co.Ltd(000007) 70000000 29.87%
Accounts payable 3246812844039185387149 – 17.14%
Contract liabilities 3483291782127645613961 26.00%
Payroll payable 759366089525886715 44.40%
Taxes payable 1237930513147863799 737.21%
Other payables 822603454172815022 376.00%
Non current liabilities due within one year 4997142282
Other current liabilities 45282793163593929816 26.00%
Total current liabilities 12076417738796073686102 25.70%
Long term loan 5998471774 – 100.00%
Deferred income 23488041322399286256 – 2.10%
Lease liabilities 137808536
Total non current liabilities 24866126688397758030 – 70.39%
Total liabilities 123250790055104471444132 17.98%
Change analysis of main items:
1. Short term borrowings increased by 66.93% over the beginning of the year, mainly due to the increase in bank loans.
2. Notes payable increased by 29.87% over the beginning of the year, mainly due to the issuance of acceptance bills to pay for materials. 3. Accounts payable decreased by 17.14% compared with the beginning of the year, mainly due to the arrival and settlement of purchased materials. 4. Contract liabilities increased by 26% over the beginning of the year, mainly due to the increase in contract orders and advance receipts. 5. The payroll payable increased by 44.40% over the beginning of the year, mainly due to the provision of labor union funds and employee education funds.
6. The tax payable increased by 737.21% over the beginning of the year, mainly due to the value-added tax payable at the end of the year.
7. Other payables increased by 376% compared with the beginning of the year, mainly due to unpaid dividends payable.
8. Other current liabilities increased by 26% compared with the beginning of the year, mainly due to the increase in advance receipts and the corresponding increase in value-added tax.
9. Long term borrowings decreased by 100% compared with the beginning of the year, mainly due to the adjustment of long-term borrowings to non current liabilities due within one year.
(III) changes in owner’s equity
Unit: Yuan
Increase and decrease of the project at the end of 2021 and 2020
Share capital 202000 China Vanke Co.Ltd(000002) 0200000000 0.00%
Capital reserve 22421666496 0.00%
