Huitong Construction Group Co., Ltd
Financial statement report of 2021
Huitong Construction Group Co., Ltd. (hereinafter referred to as “the company”) has audited its balance sheet as of December 31, 2021, income statement, cash flow statement, statement of changes in owner’s equity and notes to financial statements, and issued a standard unqualified audit report. Now the final accounts are reported as follows:
1、 Main financial indicators
Unit: Yuan
Increase / decrease range of the project from 2021 to 2020 (%)
Operating income 236816068209239798372081 -1.24
Net profit 83188207319634185413 -13.65
Net profit attributable to shareholders of the parent company 83761664829633191658 -13.05
Net cash flow from operating activities -227387109830327861425 -107.50
Basic earnings per share (yuan / share) 0.24 0.28 – 14.29
Diluted earnings per share (yuan / share) 0.24 0.28 – 14.29
Weighted average return on net assets 10.85%, 13.96% – 22.28%
Total assets 363940839257334711606959 8.73
Net assets attributable to shareholders of the parent company 9550488973473391733572 30.13
In 2021, the company achieved an operating income of 23681607 million yuan, a year-on-year decrease of 1.24%, of which the engineering construction business income decreased by 827096 million yuan, a year-on-year decrease of 3.88%; The sales revenue of materials increased by 640347 million yuan over the previous year, an increase of 26.81% over the previous year.
In 2021, the company realized a net profit attributable to the shareholders of the parent company of 837617 million yuan, a year-on-year decrease of 13.05%; The net cash flow from operating activities decreased by 107.50% year-on-year.
At the end of 2021, the total assets of the company were 36394084 million yuan, an increase of 8.73% over the previous year; The net assets attributable to the shareholders of the parent company were 955048900 yuan, an increase of 30.13% over the previous year. In addition to the impact of the company’s profits, the increase in net assets was mainly due to the increase of 116.66 million yuan in the capital stock raised by the company’s listing and issuance of new shares, and 246968 million yuan in the capital stock premium after deducting the issuance expenses.
2、 Composition of assets and liabilities of the company
Unit: Yuan
Increase or decrease of assets at the end of 2021 and 2020 (%)
Monetary capital 6189944921339059189894 58.48
Notes receivable 2022 China Vanke Co.Ltd(000002) 79 Shenzhen Changhong Technology Co.Ltd(300151) – 27.60
Accounts receivable 10636691718288529030805 20.15
Receivables financing 5519902056
Prepayment 788854560928374704 – 15.03
Other receivables 14952126523740223165 -60.02
Inventory 42871714534229086386 1.37
Contract assets 6280783702590615468465 -30.69
Other current assets 1334259817011767556157 13.38
Total current assets 256710142311239148229727 7.34
Long term equity investment 5117614961155455814807 -7.72
Other non current financial assets 27474586442747458644 0.00
Investment real estate 423888135441360015 -3.96
Fixed assets 92522705409651784655 -4.14
Right to use assets 205268654
Intangible assets 33884877274218387947183 84.28
Long term deferred expenses 7842281018190000 331.13
Deferred income tax assets 53882104924928534213 9.33
Other non current assets 40741553183932287715 3.61
Total non current assets 10723069694695563377232 12.21
Total assets 363940839257334711606959 8.73
Total liabilities 266172004037258938169556 2.79
Net assets 9776883522075773437403 29.03
In 2021, among the main items of the company’s assets and liabilities, monetary funds increased by 58.48% year-on-year, mainly due to the raising of funds by issuing new shares in the current period; The financial capital of receivables increased by 55.199 million yuan at the end of the period, mainly due to the increase of “Yunxin”, “Rongxin” and other digital creditor’s rights vouchers received from commodity sales business in the current period; Other receivables decreased by 60.02% year-on-year, mainly due to the recovery of loans and advances during the year; Contract assets decreased by 30.69% year-on-year at the end of the period, mainly due to the settlement of delivered unsettled assets into accounts receivable in the current period.
In 2021, the right to use assets increased by 2052700 yuan at the end of the period, which is due to the implementation of the new leasing standards by the company from January 1, 2021.
In 2021, intangible assets increased by 84.28% year-on-year, mainly due to the fact that the company recognized the consideration amount of relevant PPP project assets or the amount of construction income recognized as intangible assets in accordance with the relevant provisions of Interpretation No. 14 and the implementation of Q & A and application cases of accounting treatment of social capital Party of PPP project contract, and the contract assets recognized during the relevant construction period were listed in the “intangible assets” item of the balance sheet; The long-term deferred expenses increased by 331.13% year-on-year, which was due to the laboratory construction expenses incurred by the company.
In 2021, the net assets increased by 29.03% year-on-year. In addition to the impact of the company’s profits, the capital stock raised by the company’s listing and issuance of new shares increased by 116.66 million yuan, and the capital stock premium after deducting issuance expenses increased by 246968 million yuan.
3、 Operating income and profit
Unit: Yuan
Increase / decrease range of the project from 2021 to 2020 (%)
1、 Total operating income 236816068209239798372081 -1.24
Including: main business income 236578519156239419057869 -1.19
2、 Total operating cost 214784868539220041822399-
