Securities code: Hunan Yussen Energy Technology Co.Ltd(002986) securities abbreviation: Hunan Yussen Energy Technology Co.Ltd(002986) Announcement No.: 2022036 Hunan Yussen Energy Technology Co.Ltd(002986)
Financial statement report of 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Audit of financial statements in 2021
The 2021 financial statements of the company have been audited by Tianjian Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The final financial statement is prepared based on the audit report, which truly reflects the financial status, operating results and cash flow of the company in 2021 (the following data are consolidated unless otherwise specified).
2、 Main financial data and indicators
Unit: 10000 yuan
Change range of the project from December 31, 2021 to December 31, 2020
Total assets 2730625722164500 23.20%
Owner's equity attributable to the parent company 2035505219082015 6.67%
Share capital 15867601133400 40.00%
Net assets of 12.83 12.03 6.65% per share attributable to the owner of the parent company (yuan / share)
Total operating income 3201879122980792 39.33%
Net profit attributable to shareholders of the parent company 1409929328607 329.06%
Net cash flow from operating activities 1447147702325 106.05%
Basic earnings per share (yuan / share) 0.89 0.23 286.96%
Diluted earnings per share (yuan / share) 0.89 0.23 286.96%
Weighted average return on net assets (%) 7.15 2.12 237.26%
Weighted average after deducting non recurring profit and loss 6.8 1.37 396.35% return on average net assets (%)
Note: in 2021, the company converted its capital reserve into share capital, and added 4 shares for every 10 shares to all shareholders based on the total share capital of 113340000 shares. After the conversion, the total share capital of the company was 158676000 shares, resulting in a decrease in basic earnings per share from 1.24 yuan to 0.89 yuan, a decrease of 0.35 yuan per share and a decrease in net assets per share from 17.96 yuan to 12.83 yuan during the reporting period;
According to the accounting standards, the basic earnings per share in 2020 after the latest share adjustment decreased from 0.32 yuan to 0.23 yuan and 0.09 yuan per share; The net assets per share decreased from 16.84 yuan to 12.03 yuan.
Analysis of the company's operating conditions and financial results in 2021
(I) analysis of financial situation
1. Asset structure
Unit: 10000 yuan
Change range of project amount from December 31, 2021 to December 31, 2020
Monetary capital 486.477079839 - 2231192 - 31.51%
Trading financial assets 900000 - 1000000 - 100000 - 10.00%
Notes receivable 0.00 - 1.54 - 100.00%
Receivables financing 160.01 0.00 160.01
Accounts receivable 670.72 291.29 379.43 130.26%
Prepayment 582685261948320737 122.44%
Other receivables 160.19 178.27 -18.08 -10.14%
Inventory 1376206509893866313 169.90%
Other current assets 447289 - 498715 - 514.26 - 10.31%
Fixed assets 13481766291951210562254 361.78%
Construction in progress 11603498650655 -7490306 -86.59%
Right of use assets 358199 0.00358199
Intangible assets 244820811379201310288 115.15%
Long term deferred expenses 834766 0.00834766
Deferred income tax assets 5.3 3.83 1.47 38.26%
Other non current assets 768521 584.83710038121409%
Total assets 27306257221644585141799 23.20%
(1) Monetary capital decreased by 223119200 yuan, mainly due to the continuous increase of capital investment with the promotion of the company's projects under construction.
(2) Trading financial assets decreased by 10 million yuan, mainly due to the reduction of financial products purchased. (3) Accounts receivable increased by 3.7943 million yuan, mainly due to the new increase in isopropanol trade compared with the same period, and the export payment for isopropanol has not been recovered.
(4) The prepayment increased by 320737 million yuan, mainly due to the increase in the price of raw materials compared with the same period, and the prepayment of raw materials at the end of the year when the maleic anhydride project was put into operation.
(5) The inventory increased by 866313 million yuan, mainly due to the increase of inventory quantity and product price in the same period. At the same time, the maleic anhydride project was put into operation, and the inventory of finished products and raw materials of maleic anhydride was increased.
(6) Fixed assets increased by 1056225400 yuan, mainly due to the completion and operation of maleic anhydride project, isooctane capacity expansion project and acetone hydrogenation project, corresponding to the conversion of projects under construction to fixed assets.
(7) The construction in progress decreased by 7490306 million yuan, mainly due to the completion and operation of maleic anhydride project, isooctane capacity expansion project and acetone hydrogenation project, and the transfer of construction in progress to fixed assets; At the same time, the construction of butanone project, BDO project and PBAT project has increased the amount of projects under construction.
(8) The use right assets increased by 358199 million yuan, mainly due to the implementation of the new leasing standards from January 1, 2021 to confirm the value of the company's long-term leased assets such as storage tanks and office buildings.
(9) Intangible assets increased by 1310288 million yuan, mainly due to the increase of intangible assets caused by the new purchase of land. (10) The long-term deferred expenses increased by 834766 million yuan, mainly due to the commissioning of acetone hydrogenation project and maleic anhydride project, and the long-term deferred expenses of new acetone hydrogenation catalyst and maleic anhydride catalyst.
(11) Other non current assets increased by 71.038 million yuan, mainly due to the promotion of butanone project, BDO project and PBAT project, and the increase of prepayment for equipment procurement.
2. Debt structure
Unit: 10000 yuan
Change range of project amount from December 31, 2021 to December 31, 2020
Short term loan 1576694
Notes payable 867.09206080 -119371 -57.92%
Accounts payable 23307429934151337327 134.62%
Contract liabilities 519725199697320028 160.26%
Payroll payable 215992 879.93127999 145.47%
Tax payable 141178140065 11.13 0.79%
Other payables 433356349110 842.46 24.13%
133082 due within one year
Non current liabilities
Other current liabilities 675.64 259.61 416.03 160.25%
Lease liabilities 243691243691
Deferred income 122384145317 -229.33 -15.78%
Total liabilities 587111921476383723481 173.38%
(1) Short term borrowings increased by 1576694 million yuan, mainly due to the new US dollar short-term loans and short-term financing of acceptance bills in the reporting period.
(2) Notes payable decreased by 119371 million yuan, mainly due to the decrease of notes payable at the end of the reporting period. (3) Accounts payable increased by 1337327 million yuan, mainly due to the increase of equipment and engineering accounts payable at the end of the period with the promotion of butanone project, BDO project and PBAT project.
(4) Contract liabilities increased by 32.028 million yuan, mainly due to the increase in the price of products in the reporting period compared with the same period. At the same time, acetone hydrogenation unit and maleic anhydride unit were put into operation. New products were sold in the form of advance receipts, and the advance receipts increased.
(5) The payroll payable increased by 127999 million yuan, mainly due to the increase of the company's personnel and the increase of the year-end bonus accrued at the end of the year.
(6) The non current liabilities due within one year increased by 133082 million yuan, which is due to the amount of lease liabilities corresponding to the new lease standards implemented by the company on January 1, 2021.
(7) The reason for the newly increased liability of the company on the lease date of 2021 is 243600 yuan
