Yintai Gold Co.Ltd(000975) 2021 annual financial statement report
April, 2002
Financial statement report of 2021
In 2021, the epidemic situation fluctuated repeatedly, the performance of gold price was relatively weak, fluctuated and consolidated in a narrow range for a long time, and the situation faced by the company’s production and operation was still very severe. On the one hand, the company organized its subordinate companies to actively cooperate with governments at all levels and relevant departments to do a good job in epidemic prevention and control in the interior and surrounding areas of the mine. At the same time, we paid close attention to the production and operation of the mine, refined management, reduced cost and increased efficiency, and vigorously promoted various work. The company worked together to achieve the steady growth of the company’s performance. In 2021, the company realized an operating revenue of 9040243900 yuan, an increase of 14.35% over the same period last year; The operating profit was 1864876100 yuan, an increase of 6.69% over the same period last year; The net profit attributable to shareholders of listed companies was 1273338700 yuan, an increase of 2.49% over the same period last year. The increase in profits was mainly due to the rise in the selling price and quantity of gold.
Adhering to the business philosophy of “creating value for investors”, the company focuses on the mining and beneficiation business of precious metals and non-ferrous metals and pays close attention to the production and operation of the main mines. Relying on the four large-scale high-quality mines owned by the company, the company achieved net profits attributable to the shareholders of the parent company of 8641654 million yuan, 12424468 million yuan and 12733387 million yuan respectively in 2019, 2020 and 2021, realizing steady growth in performance. In particular, Heihe Yintai, Jilin Banmiaozi and Qinghai Dachaidan of the company have gold mining assets with high grade and strong profitability, and their contribution rate to the net profit attributable to the shareholders of the parent company this year is 79.74%.
Now the company’s financial final accounts in 2021 are reported as follows:
1、 Audit opinions on accounting statements
The company’s 2021 financial statements and notes to relevant statements have been audited by Dahua Certified Public Accountants (special general partnership), and the auditor’s audit opinions are as follows:
We made a mistake! Reference source not found. (hereinafter referred to as error! Reference source not found.) The financial statements include the consolidated and parent company’s balance sheet as of December 31, 2021, the consolidated and parent company’s income statement, consolidated and parent company’s cash flow statement, consolidated and parent company’s statement of changes in shareholders’ equity and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements have been prepared in accordance with the accounting standards for business enterprises in all material aspects and fairly reflect the errors! Reference source not found. The financial position of the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent company in 2021.
2、 Scope of consolidated financial statements
1. Consolidation scope
As of December 31, 2021, the subsidiaries within the scope of the company’s consolidated financial statements are as follows:
Name of subsidiary abbreviation of subsidiary
Shanghai Shengwei Mining Investment Co., Ltd
Sino Gold Tenya (HK) Limited
Rockmining Group Company Limited (HK)
Heihe Yintai Mining Development Co., Ltd
Qinghai Dachaidan Mining Co., Ltd
Inner Mongolia Yulong Mining Co., Ltd
Jilin Banmiaozi Mining Co., Ltd
Jilin Yintai Shengxin Mining Co., Ltd
Yintai Shenghong Supply Chain Management Co., Ltd
Ningbo Yintai Yongheng Trading Co., Ltd
Yintai Shenghong Singapore Co., Ltd
Huasheng gold mine of Mangshi Huasheng Gold Mine Development Co., Ltd
2. Change of consolidation scope
Subsidiary cancelled in the current period: Sino Gold BMZ Limited was approved to be cancelled by the Registrar of companies of Cayman Islands in December 2021.
Cancellation of subsidiaries in the current period: Jilin Jincheng Mining Co., Ltd. completed the cancellation in April 2021.
Subsidiaries added in the current period: in September 2021, the company acquired 60% equity of Huasheng gold mine through cash acquisition and included it in the scope of consolidated statements.
3、 Main accounting data and financial indicators
Year to year 2021
Increase or decrease
Operating income (yuan): 904024385429790580233895 14.35% 514895065326
127333869863124244676134 2.49% of the net profit of 86416542885 yuan attributable to the shares of listed companies belongs to the shares of listed companies
East’s net profit after deducting non recurring 120167555139116327311722 3.30% 85293427515 profit and loss (yuan)
Net cash flow of 204268964452242670235840 – 15.82% 114621301703 from operating activities (yuan)
Basic earnings per share (yuan / 0.4586 0.4475 2.48% 0.3136 shares)
Diluted earnings per share (yuan / 0.4586 0.4475 2.48% 0.3136 shares)
Weighted average return on net assets 12.65% – 13.21% – 0.56% 9.97%
At the end of 2021, the end of 2020, the end of this year compared with the end of 2019
Increase or decrease at the end of the year
Total assets (yuan): 15933256367341290675576984 23.45% 1188579369973
Net assets attributable to listed company shares 1046643506123989003388700 5.83% 904765159157 (yuan)
4、 Analysis of financial position, operating results and cash flow in 2021
(I) analysis of main assets
Unit: Yuan
Project change December 31, 2021 January 1, 2021 change amount change range reason degree
Monetary capital note 11455700499014826791483997302135062 201.59%
Trading Finance note 220740421418215352648496753877729215 35.09% assets
Derivative financial asset note 31123517621099865745361248601674 12.50% of assets
Inventory note 4102833099821102698203315134896506 0.13%
Fixed assets note 52808584710822783312677632527203319 0.91%
Construction in progress note 6424659399662004156847022424371496 111.89%
Intangible assets note 7711205499474531845834150179359665324 33.72%
Other non current note 88855267592556329 Shanghai Topcare Medical Services Co.Ltd(600532) 91971587 59.17% assets
Analysis of main change indicators:
Note 1: the ending balance of monetary capital increased by 973021400 yuan compared with the opening balance, with a year-on-year increase of 201.59%, mainly due to the increase of bank deposits retained at the end of the period.
Note 2: the closing balance of trading financial assets increased by 538777300 yuan compared with the opening balance, with a year-on-year increase of 35.09%, mainly due to the increase in the balance of bank financial investment held at the end of the period.
Note 3: the ending balance of derivative financial assets increased by 12.486 million yuan compared with the opening balance, with a year-on-year increase of 12.50%, mainly due to the increase of margin occupied by hedging and derivative investment of subsidiaries.
Note 4: the ending balance of inventory increased by 1.349 million yuan compared with the opening balance, with a year-on-year increase of 0.13%. The goods in inventory and products in process were basically the same.
Note 5: the ending balance of fixed assets increased by 25.272 million yuan compared with the beginning balance, with a year-on-year increase of 0.91%, mainly due to the increase in the conversion of well projects to fixed assets.
Note 6. The ending balance of construction in progress increased by 224243700 yuan compared with the beginning balance, with a year-on-year increase of 111.89%, mainly due to the increase of stope and concentrator projects.
Note 7. The closing balance of intangible assets increased by 1793596700 yuan compared with the opening balance, with a year-on-year increase of 33.72%, mainly due to the increase in the acquisition of Huasheng gold mining right in this period.
Note 8. The closing balance of other non current assets increased by 329197 million yuan compared with the opening balance, with a year-on-year increase of 59.17%, mainly due to the increase of prepaid exploration right expenses and engineering equipment.
(II) analysis of main liabilities
Unit: Yuan
Project change December 31, 2021 amount change January 1, 2021
Cause range
Short term borrowings note 1682032529881791946625050283786738 280.61%
Notes payable note 2171837414625447518 Ping An Bank Co.Ltd(000001) 27085614625 283.98%
Notes to accounts payable 316288310068122152655484073044520 33.34%
Other payables note 421555610687203427908821212819805 5.96%
Analysis of main change indicators:
Note 1: the closing balance of short-term loans increased by 502837900 yuan compared with the opening balance, an increase of 280.61% year-on-year, mainly due to the increase of short-term financing of the company in the current period.
