Si-Tech Information Technology Co.Ltd(300608)
Financial statement report of 2021
Si-Tech Information Technology Co.Ltd(300608) the financial statements of 2021 were audited by Lixin Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The company's financial statements for 2021 are prepared in accordance with 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 flow in 2021 in all major aspects. The main financial conditions reflected in the consolidated financial statements of 2021 are reported as follows:
1、 Basic information
In 2021, the company's operation and management were generally good, with an annual operating revenue of 9043485 million yuan, an increase of 22.67% over the same period of the previous year; The net profit attributable to shareholders of listed companies was 619033 million yuan, a decrease of 12.42% over the same period last year.
2、 Main financial data and indicators in the reporting period
Project in 2021 or 2020 or increase / decrease rate at the end of 2021 or 2020
Operating income 904348573723601671125 22.67%
Operating profit 633814764058 -130244 -17.05%
Total profit 637771774526 - 136755 - 17.66%
Net profit 602205700101 -978.96 -13.98%
Net profit attributable to shareholders of listed company 619033706860 -878.27 -12.42%
Net cash flow from operating activities 10340791032700 13.79 0.13%
Net cash flow from investment activities -645206 -1402782757576 -54.01%
Net cash flow from financing activities -435.99216772 -260371 -120.11%
Basic earnings per share 0.30 - 0.35 - 0.15 - 33.33%
Diluted earnings per share 0.31 - 0.35 - 0.13 - 28.89%
Total assets 1813498917336674798315 4.60%
Total liabilities 86188958841752 - 222857 - 2.52%
Total owner's equity 951609484949221021172 12.02%
Net assets attributable to shareholders of listed companies 952780584898061037999 12.23%
(unit: 10000 yuan) the revenue target in the financial budget report of 2021 is 922 million yuan, and the actual revenue is 904 million yuan; The profit target is 93.11 million yuan, and the actual net profit is 600205 million yuan.
3、 Review of financial status and operating results during the reporting period
(I) analysis of financial situation
By the end of 2021, the total assets of the company were 18134989 million yuan, an increase of 798315 million yuan or 4.6% year-on-year, mainly due to the stable development of the company's business and the expansion of the asset scale. Among them, intangible assets and development expenditure increased significantly. The total liabilities of the company were 8618895 million yuan, a year-on-year decrease of 222857 million yuan, a decrease of 2.52%; The asset liability ratio was 47.53%, down 3.47% from 51.00% in 2020, down year-on-year, and the solvency was relatively stable. The total owner's equity was 9516094 million yuan, a year-on-year increase of 1037999 million yuan, an increase of 12.23%.
(II) analysis of operating results
In 2021, the annual operating income was 9043485 million yuan, an increase of 22.67% over the same period of the previous year, mainly due to the company's increased business expansion, the implementation of strategic cooperation projects and some large-scale projects with long implementation cycle; The net profit attributable to the shareholders of the listed company was 619033 million yuan, a decrease of 12.42% over the same period of the previous year, which was mainly affected by the rise of labor costs and the company's investment in low gross profit projects to promote future business cooperation in order to maintain existing customer relations; The company's software development and technical service revenue accounted for more than 90%, and the core business was stable. At the same time, the revenue of the three major telecom operators remained at about 90%, and the core customers were stable. (III) cash flow analysis
In 2021, the net cash flow from operating activities was basically the same as that of the previous year; In 2021, the net cash flow from investment activities decreased by 54.01% compared with the previous year, mainly due to the decrease of house purchase funds; In 2021, the net cash flow from financing activities decreased by 120.11% over the previous year, mainly due to the repayment of short-term loans.
(IV) analysis of financial indicators
1. Profitability analysis
In 2021, mainly affected by the rise of labor costs and low gross profit projects, the sales profit margin decreased, and the return on assets and return on net assets decreased to varying degrees compared with the previous year.
2. Operational capacity analysis
In 2021, the inventory turnover rate and accounts receivable turnover rate of major assets increased compared with the previous year, and the asset operation efficiency was improved.
3. Solvency analysis
In 2021, the working capital, current ratio, quick ratio and cash ratio increased compared with the same period last year, and the short-term solvency improved.
4. Growth capacity ratio
In 2021, the operating revenue increased by 22.67%; The total asset scale increased by 4.60%.
4、 Several aspects to be strengthened
1. Continuously manage the acceptance progress to ensure that the turnover rate of inventory is within a reasonable range, so as to reduce capital occupation and improve operation efficiency.
2. Further strengthen management, improve work efficiency, and save production costs, management expenses, sales expenses and other costs.
3. Strengthen the technical upgrading of the original products, strengthen the market development of new products, and earnestly do a good job in reducing costs and increasing efficiency from the technical source to ensure the profitability of products.
4. Strengthen the market development of new and old products, improve the market share of the company's products, and ensure the realization of the business objectives in 2021.
5. Continue to promote the non-public offering of shares, raise funds for the company's development, and continuously improve the company's core competitiveness around the company's development strategy and business objectives.
Si-Tech Information Technology Co.Ltd(300608) board of directors April 6, 2022
