Changshu Tianyin Electromechanical Co.Ltd(300342)
Financial statement report of 2021
The balance sheet of the company's consolidated and parent company on December 31, 2021, the profit statement of the consolidated and parent company in 2021, the cash flow statement of the consolidated and parent company in 2021, the statement of changes in owner's equity of the consolidated and parent company in 2021 and the notes to relevant statements have been audited by zhongxinghua Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. Now, combined with the actual operation of the company, Report the final financial accounts as follows:
1、 Basic information of the company in 2021
The impact of covid-19 epidemic continues in 2021. The company is facing many challenges, such as supply chain shortage, soaring prices of bulk raw materials, soaring logistics costs, RMB appreciation and so on. With the joint efforts of the operation and management team with many years of employment advantages, timely adjust various operation arrangements and take various measures to ensure the safe and orderly development of production and operation.
During the reporting period, the company achieved a total operating income of 10391490 yuan, an increase of 15.67% over the same period of last year; The total profit was 1151761 million yuan, a decrease of 21.32% over the same period of last year; The net profit attributable to the shareholders of the listed company was 996307 million yuan, a decrease of 21.91% over the same period of the previous year; The deducted non net profit attributable to shareholders of listed companies was 925176 million yuan, a decrease of 23.09% over the same period of last year.
The company's main business income comes from refrigerator compressor spare parts products and radar and China Aerospace Times Electronics Co.Ltd(600879) products, mainly including refrigerator compressor starter, suction silencer, refrigerator frequency conversion controller, mini integrated PTC starter, electromagnetic spectrum safety related products, high-speed signal processing system, avionics module, UWB signal acquisition and analysis system, star sensor and other products.
2、 Financial performance in 2021
20212020 year-on-year increase or decrease 2019
Operating income (yuan) 10391489993889838603502 15.67% 94533726760
Net profit attributable to shareholders of listed companies
Run (yuan) 996307366112757930833 - 21.91% 141547917
Deduction attributable to shareholders of listed companies
Net profit of non recurring profit and loss (yuan) 925175839512156948832 - 23.90% 11907887198
Net cash flow from operating activities
Amount (yuan): 3853 Newland Digital Technology Co.Ltd(000997) 17594165163 - 78.10% 5015182687
Basic earnings per share (yuan / share) 0.30 - 23.33% 0.33
Diluted earnings per share (yuan / share) 0.30 - 23.33% 0.33
Weighted average return on net assets: 6.58%, 8.77% - 24.97%, 10.38%
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
20212020 year-on-year increase or decrease 2019
reduce
Total assets (yuan) 226412 Sinocat Environmental Technology Co.Ltd(688737) 208465726724 8.61% 186070336969
Net capital attributable to shareholders of listed companies
Production (yuan) 1535005 China Nuclear Engineering & Construction Corporation Limited(601611) 50079241399 2.28% 142266703541
Description of main influencing factors of significant year-on-year changes in relevant data:
During the reporting period, the company completed the relocation of new factories and put them into operation, and the production capacity was further improved. The refrigerator compressor spare parts business realized an operating revenue of 7159291 million yuan, an increase of 18.19% over the same period last year. Among them, the sales volume of refrigerator compressor starters and protectors of the company was 494854 million, with a year-on-year increase of 5.59%; The sales volume of silencer products was 551611 million, with a year-on-year increase of 34.24%; The sales volume of variable frequency controllers was 3.7274 million, with a year-on-year increase of 16.97%. In terms of foreign business, the export revenue of the company's refrigerator compressor spare parts business reached 653771 million yuan, an increase of 61.61% over the same period last year. The proportion of export revenue is 9.13%, and the proportion of export revenue is relatively small on the whole. During the reporting period, due to the gradual recovery of foreign economy, the gradual easing of overseas transportation capacity, the gradual resumption of batch supply by foreign customers, and the company also cooperated with customers in product development. In recent years, foreign countries have blocked the technology of Chinese science and technology enterprises, and the demand for localization and independent control of core components is urgent. Driven by China's policy promotion and the market demand for military civilian integration, military upstream enterprises with core technology have fully benefited. During the reporting period, radar and China Aerospace Times Electronics Co.Ltd(600879) business realized an operating revenue of RMB 323219900, an increase of 10.44% over the same period of last year.
During the reporting period, the net profit attributable to the shareholders of the listed company decreased by 21.91% year-on-year, mainly due to the comprehensive impact of many factors such as the economic situation, the sharp rise of bulk materials and the rise of market labor costs.
3、 Main financial indicators and analysis
1. Significant changes in the composition of assets and liabilities
Increase in proportion at the end of 2021
Amount in total assets amount in total assets minus significant changes in assets proportion
Monetary capital 19803112383 8.75% 20553174538 9.80% - 1.06%
Accounts receivable 48256044775 21.31% 41536966278 19.81% 1.50%
Contract assets 449130000 0.20% 491784200 0.23% - 0.04%
Inventory 53980892543 23.84% 4127873252 19.69% 4.15%
Investment real estate 0.00 0.00% 0.00 0.00% 0.00%
During the reporting period, 39253098587% of the newly-built fixed assets, 17.34% 16081721068%, 7.67% and 9.67% of the plants have reached the status of conversion to fixed assets
During the reporting period, 3356670% of new projects under construction, 0.00% 22502491759, 10.73% - 10.73% of plants have reached the status of fixed assets conversion
Right of use assets 610109400 0.27% 1271990600 0.61% - 0.34%
Increase in proportion at the end of 2021
Description of significant changes in amount in total assets
Production ratio
Short term loan 13599719607 6.01% 4757371833 2.27% 3.74%
Contract liabilities 7258724805 3.21% 7329648531 3.50% - 0.29%
Lease liabilities 266576188 0.12% 569244470 0.27% - 0.15%
(1) At the end of the reporting period, accounts receivable increased by 16.18% compared with the beginning of the period, mainly due to the impact of the company's business model
The progress of collection of accounts receivable of Dahe China Aerospace Times Electronics Co.Ltd(600879) business is affected by the completion progress of the general assembly unit and the military settlement process, and the collection cycle is long.
Under this settlement mode, the payment collection speed of the company is greatly affected by the approval process and the military settlement speed;
(2) At the end of the reporting period, the inventory increased by 23.84% compared with the beginning of the period, mainly due to ① the increase of sales orders during the reporting period and the corresponding increase in inventory
Increase; ② In order to cope with the tight supply chain, the soaring trend of materials is caused by strategic goods preparation;
(3) At the end of the reporting period, the fixed assets increased by 17.34% compared with the beginning of the reporting period, mainly because the company's new plant project has reached
Due to the status of conversion to fixed assets;
2. Analysis of cost changes
Description of significant changes in year-on-year increase and decrease in 2021 and 2020
Sales expenses 20936822901779424541 17.66%
This is mainly due to the salary adjustment of management personnel during the reporting period, the increase of human management expenses of 69595616554583079543 and 51.85%, as well as the related expenses incurred in the relocation of new plant area and the depreciation of new plant area.
Financial expenses 702303983897358294 - 21.74%
R & D expenses 92636092258283623017 11.83%
3. Cash flow analysis
Year on year increase or decrease of the project from 2021 to 2020
Subtotal of cash inflow from operating activities 10689215226099973627236 6.92%
Subtotal of cash outflow from operating activities 10303915126382379462073 25.08%
Net cash flow from operating activities 38530,
