Jiangsu Gian Technology Co.Ltd(300709) : financial statement report of 2021

Jiangsu Gian Technology Co.Ltd(300709)

Financial statement report of 2021

Jiangsu Gian Technology Co.Ltd(300709) (hereinafter referred to as “the company”) has audited the balance sheet as of December 31, 2021, profit statement, cash flow statement, statement of changes in shareholders’ equity and notes to financial statements, and issued a standard non guaranteed audit report. Now the final accounts are reported as follows:

1、 Main accounting data

Unit: Yuan

Increase or decrease of the project from 2021 to 2020 over the previous year

Operating income (yuan): 24041136709156412647325 53.70%

Net profit attributable to shareholders of listed company (yuan): 1838997029214185135428 29.64%

Deduction attributable to shareholders of listed companies non recurring

Net profit of profit and loss (yuan) 722815899011558559910 – 37.46%

Net cash flow from operating activities (yuan): 18771360946 -2110913591 989.25%

Basic earnings per share (yuan / share) 1.33 1.03 29.13%

Diluted earnings per share (yuan / share) 1.33 1.03 29.13%

Weighted average return on net assets 10.21%, 9.50%, 0.71%

At the end of 2021 and 2020, the current year-end is higher than that at the end of the previous year

Increase or decrease

Total assets (yuan): 35812687227032701313185 9.51%

Net assets attributable to shareholders of listed companies (yuan) 233727661369171016650270 36.67%

During the reporting period, the company achieved an operating revenue of 24041136709 yuan, an increase of 53.70% over the previous year. The operating profit was 16783275773 yuan, a year-on-year increase of 20.59%. The total profit was 17105653673 yuan, a year-on-year increase of 19.07%. The net profit attributable to the shareholders of the listed company was 18389970292 yuan, a year-on-year increase of 29.64%.

During the reporting period, the main reasons for the change of the company’s operating performance are:

(1) During the reporting period, benefiting from the growth of orders in major customer markets and the development of folding screen mobile phone market, the company’s business scale gradually expanded, product sales increased and net profit increased,

Meanwhile, on March 31, 2021, Andersen was included in the scope of the company’s consolidated statements, and the company’s operating revenue in the reporting period increased significantly compared with the same period of last year.

(2) During the reporting period, the interest expense of the company’s convertible corporate bonds was 277753 million yuan, an increase of 253992 million yuan over the same period of last year; The share based payment fee of the equity incentive plan was 179207 million yuan, an increase of 103971 million yuan over the same period of the previous year.

(3) During the reporting period, the company continued to carry out research and development of new projects and new materials, with research and development investment of 1758343 million yuan, an increase of 17.83% over the same period of last year.

(4) During the reporting period, the operating performance of the subsidiary Andersen was lower than expected. The main reasons are: ① although the operating revenue in 2021 increased significantly compared with the same period of last year, under the background of rapid expansion of enterprise scale, there were over allocation of R & D personnel and sluggish materials; ② Affected by the intensification of market competition and the lack of overall production management and mass production planning, the overall profitability is affected; ③ The cost of raw materials and labor increased significantly. Therefore, while the operating revenue increased significantly, Andersen still suffered from operating performance losses and was unable to fulfill its performance commitment in 2021. According to the analysis of audit institutions and professional evaluation institutions on the future business performance and profitability of antxin, the recoverable amount of goodwill formed by the acquisition of antxin is lower than its book value. After careful judgment, there are signs of impairment of intangible assets and goodwill. The company has withdrawn the provision for impairment of intangible assets and goodwill of RMB 897554 million in the current period, and recognized the performance compensation income according to the relevant agreements. According to the relevant definitions and provisions of the explanatory Announcement No. 1 on information disclosure of companies offering securities to the public – non recurring profits and losses of the above intangible assets and goodwill impairment losses are included in the recurring profits and losses, and the performance compensation income constitutes the non recurring profits and losses.

2、 Financial position, operating results and cash flow analysis

1. Composition and changes of assets during the reporting period

Unit: Yuan

Increase and decrease range of the project from December 31, 2021 to January 1, 2021

Total assets 358126872270327098401821 9.49%

Total current assets 189355902957209731115556 – 9.71%

Monetary capital 5108067735686907409391 – 41.22%

Trading financial assets 1 Shanghai Pudong Development Bank Co.Ltd(600000) Ping An Bank Co.Ltd(000001) 0114520400 58.19%

Accounts receivable 8115832723564701227852 25.44%

Receivables financing 106553894271059715139950%

Prepayment 973728918555088866 75.42%

Other receivables 463061175272935140 69.66%

Other current assets 22162417445304631562 – 58.22%

Total non current assets 168770969313117367286265 43.80%

Fixed assets 11259999363786195565072 30.63%

Construction in progress 2275525573217209560223 32.22%

Right of use assets 189573772085268636212325%

Intangible assets 154745304208363206824 85.03%

Goodwill 5597817083-

Long term deferred expenses 887681850581548145 52.64%

Deferred income tax assets 46117099372567920667 79.59%

Other non current assets 43106729342364216698 82.33%

In 2021, the total assets of the company were 358126872270 yuan, an increase of 9.49% over the beginning of the year, including 189355902957 yuan of current assets, a decrease of 9.71% over the beginning of the year, and 168770969313 yuan of non current assets, an increase of 43.80% over the beginning of the year. The main reasons for the change of assets of the company are:

1) The ending balance of monetary capital was 51080677356 yuan, a decrease of 35826732035 yuan or 41.22% compared with the beginning of the current year, mainly due to the purchase of financial products, the payment of investment funds for C Park and D Park, and the payment of part of the equity acquisition funds of antxin and Ruidian during the reporting period.

2) The ending balance of trading financial assets was 1 Shanghai Pudong Development Bank Co.Ltd(600000) 00000 yuan, an increase of 5885479600 yuan or 58.19% over the beginning of the current year, mainly due to the fair value corresponding to the corresponding performance compensation receivable from the original shareholders of antxin.

3) The ending balance of accounts receivable was 81158327235 yuan, an increase of 16457099383 yuan or 25.44% over the beginning of the current year, mainly due to the increase of accounts receivable due to the increase of sales revenue in the reporting period.

4) The closing balance of receivables financing was 1065538942 yuan, an increase of 994479227 yuan or 139950% over the beginning of the current year, mainly due to the increase of notes receivable in the reporting period.

5) The ending balance of advance payment was 973728918 yuan, an increase of 418640052 yuan or 75.42% compared with the beginning of the current year, which was mainly due to the increase of advance payment for entrusted R & D in the reporting period and the increase of advance payment due to the inclusion of Shenzhen antexin Technology Co., Ltd. into the scope of the company’s consolidated statements on March 31, 2021.

6) The ending balance of other receivables was 463061175 yuan, an increase of 190126035 yuan or 69.66% compared with the beginning of the current year, which was mainly due to the increase of deposit and deposit in the reporting period, the increase of employee house purchase loan and the increase of other receivables caused by Shenzhen antexin Technology Co., Ltd. being included in the scope of the company’s consolidated statements on March 31, 2021.

7) Compared with the beginning of the reporting period, the effective export tax receivable decreased by 2218838 yuan, which was mainly due to the decrease of 2218838 yuan in the balance of hedging and other current assets at the end of the reporting period.

8) The ending balance of fixed assets was 112599993637 yuan, an increase of 26404428565 yuan or 30.63% compared with the beginning of the current year, mainly due to the increase of fixed assets caused by housing construction, the conversion of machinery and equipment installed and the acquisition of antxin in the reporting period.

9) The ending balance of construction in progress was 22755255732 yuan, an increase of 5545695509 yuan or 3.5% over the beginning of the current year