Xinxiang Richful Lube Additive Co.Ltd(300910)
Financial statement report of 2021
The financial statements of Xinxiang Richful Lube Additive Co.Ltd(300910) (hereinafter referred to as “the company”) in 2021 were audited by Zhonghui Certified Public Accountants (special general partnership) and issued a standard unqualified audit report (Zhonghui kuaishan [2022] No. 1612). The audited financial statements were prepared in accordance with the accounting standards for enterprises in all major aspects, It fairly reflects the financial position of the company’s merger and parent company as of December 31, 2021, and the operating results and cash flow of the merger and parent company in 2021. According to the financial situation and operating results of this year, the company has prepared the financial statement report of 2021, which is now reported as follows: I. main accounting data and financial indicators
Unit: 10000 yuan
Increase and decrease of the project from 2021 to 2020
Operating income 108110158608554 25.58%
Net profit attributable to common shareholders of the company 20104741828647 9.94% profit
Net profit attributable to 9.27% common shareholders of the company after deducting non operating profit and loss of 19670581800129
Net cash flow from operating activities 5812062166374 – 73.17%
Basic earnings per share (yuan / share) 1.34 1.58 – 15.19%
Diluted earnings per share (yuan / share) 1.34 1.58 – 15.19%
Weighted average return on net assets 9.54%, 17.64% – 8.10%
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total assets 2457893523033325 6.71%
Net assets attributable to the parent company 2157936320769392 3.90%
In 2021, the company realized an operating revenue of 10811015 million yuan, a year-on-year increase of 25.58%; Among them, the operating income of carbon free paper color developer series products was 742803 million yuan, a year-on-year increase of 32.25%, and that of lubricating oil additive series products was 9961082 million yuan, a year-on-year increase of 26.23%; The net profit attributable to the common shareholders of the company was 2010474 million yuan, a year-on-year increase of 9.94%; The net profit of the parent company was 199051900 yuan, a year-on-year increase of 7.49%; The net cash flow from operating activities was 581206 million yuan, a year-on-year decrease of 73.17%; The net assets attributable to the parent company were 21579363 million yuan, a year-on-year increase of 3.90%. 2、 Analysis of financial situation (I) composition and changes of assets
Unit: 10000 yuan
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Current assets:
Monetary capital 1160399414336659 – 19.06%
Trading financial assets 21137832000254 5.68%
Notes receivable 12.89 54.51 – 76.35%
Accounts receivable 16434311071131 53.43%
Receivables financing 621981926288 – 32.85%
Prepayment 608382324142 87.69%
Other receivables 79.32 93.87 – 15.50%
Inventory 28986511083036 167.64%
Other current assets 698.23 556.77 25.41%
Total current assets 1956926619812025 – 1.23%
Non current assets:
Fixed assets 28541971702760 67.62%
Construction in progress 558816642999 -13.09%
Right to use assets 131.46
Intangible assets 721152720130 0.14%
Long term deferred expenses 916.84 606.30 51.22%
Deferred income tax assets 173.62 166.16 4.49%
Other non current assets 753312 781.65 863.74%
Total non current assets 50096693221300 55.52%
Total assets 2457893523033325 6.71%
At the end of 2021, the total assets were 2457893500 yuan, an increase of 154561000 yuan over the end of the previous period, a year-on-year increase of 6.71%.
Among them, the current assets at the end of the period were 19569266 million yuan, accounting for 79.62% of the total assets, a decrease of 242759 million yuan compared with the end of the previous period, a year-on-year decrease of 1.23%; The non current assets at the end of the period were 5009669 million yuan, accounting for 20.38% of the total assets, an increase of 1788369 million yuan over the end of the previous period, a year-on-year increase of 55.52%. The change analysis of main asset items is as follows:
1. The ending balance of notes receivable was 128900 yuan, a year-on-year decrease of 76.35%, mainly due to the decrease of commercial acceptance bills received from customers in the current period.
2. The ending balance of accounts receivable was 1643431 million yuan, with a year-on-year increase of 53.43%, mainly due to the corresponding increase in accounts receivable with the rapid growth of the company’s product sales in this period.
3. The closing balance of accounts receivable financing was 621981 million yuan, a year-on-year decrease of 32.85%, which was mainly due to the increase of export business in this period, customers’ more use of spot exchange settlement and the decrease of bank acceptance bills received.
3. The ending balance of prepayment was 608382 million yuan, with a year-on-year increase of 87.69%, mainly due to the continuous rise in the price of raw materials, the company’s strategic stock and the increase in the purchase payment for prepayment materials at the end of the period.
4. The ending balance of inventory was 2898651 million yuan, with a year-on-year increase of 167.64%, mainly due to the continuous rise of raw material prices, the company’s strategic goods preparation and overseas sales strategic deployment.
5. The ending balance of fixed assets was 285419700 yuan, with a year-on-year increase of 67.62%, mainly due to the completion and transfer of projects under construction such as the purchase of real estate and the renewal and transformation of production line in this period.
6. The ending balance of the right to use assets is 1314600 yuan, which is mainly due to the accounting of the leasing business in accordance with the provisions of the new leasing standards.
7. The ending balance of long-term deferred expenses was 9.1684 million yuan, with a year-on-year increase of 51.22%, mainly due to the renovation of sporadic projects such as technical building decoration and plant planning.
8. The ending balance of other non current assets was 753312 million yuan, a year-on-year increase of 863.74%, mainly due to the purchase of land and real estate and the payment of prepayments in this period. (II) composition and changes of liabilities
Unit: 10000 yuan
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Current liabilities:
Notes payable 18858231132715 66.49%
Accounts payable 593971389362 52.55%
Contract liabilities 751.05284517 – 73.60%
Payroll payable 201274134056 50.14%
Tax payable 139840120881 15.68%
Other payables 885.06165418 – 46.50%
Non current liabilities due within one year 27.48
Other current liabilities 89.08 369
