Sichuan Tianyi Comheart Telecom Co.Ltd(300504)
Financial statement report of 2021
According to the production and operation of the company in 2021 and the consolidated statement data audited by Zhonghui certified public accountants, the financial statement report of 2021 is prepared. The report is as follows, please review.
The caliber of financial final accounts data is the caliber of consolidated statements, mainly including the following entities:
Company name category
Sichuan Tianyi Comheart Telecom Co.Ltd(300504) parent company
Wholly owned subsidiary of Sichuan Tianyi Information System Engineering Co., Ltd
A wholly-owned subsidiary of Shanghai henggu Intelligent Technology Co., Ltd
Wholly owned subsidiary of Tianyi Kanghe (Hong Kong) Co., Ltd
Chengdu Feiyi Technology Co., Ltd
1、 Financial position in 2021
1. Asset structure
Unit: 10000 yuan
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total assets 299702 Gci Science & Technology Co.Ltd(002544) 0727 17.80%
Total current assets 2647527422903020 15.60%
Monetary capital 89875617170749 25.34%
Trading financial assets 0.004017363 – 100.00%
Notes receivable 1043092896794 16.31%
Accounts receivable 38943483978094 – 2.11%
Prepayment 346.82154189 – 77.51%
Other receivables 134757 609.89 120.95%
Inventory 113294016430412 76.18%
Other current assets 1051432194430 440.78%
Total non current assets 34949262537706 37.72%
Investment in other equity instruments 409505 0.00 100%
Fixed assets 15726781559541 0.84%
Construction in progress Dahu Aquaculture Co.Ltd(600257) 873.88 586.89%
Right of use assets 393.53 0.00 100%
Intangible assets 567967611304 – 7.09%
Goodwill 134016134016 0.00%
Long term deferred expenses 6.49 10.81 – 39.94%
Deferred income tax assets 119528 861.37 38.76%
Other non current assets 509.74 582.40 – 12.48%
Benefiting from the industry’s accelerated “double Gigabit” construction, the company’s product orders are sufficient. The company overcame the global chip shortage by purchasing in advance, and actively prepared goods and organized production. Affected by the growth of goods preparation, production and marketing scale and operation accumulation, the total assets of the company in 2021 were 29970200 yuan, an increase of 17.80% over the beginning of the year, including 26475274 million yuan of current assets, an increase of 15.60% over the beginning of the year, and 3494926 million yuan of non current assets, an increase of 37.72% over the beginning of the year. The main items of changes in the company’s assets are: (1) monetary funds
The ending balance of monetary funds was 8987561 million yuan, an increase of 1816811 million yuan or 25.34% over the beginning of the year, mainly due to the due recovery of financial products. (2) Notes receivable
The ending balance of notes receivable was 1043092 million yuan, an increase of 146298 million yuan or 16.31% over the beginning of the year, mainly due to the expansion of sales scale and the increase of the balance of notes receivable over the end of the previous period. (3) Accounts receivable
The ending balance of accounts receivable was 3894348 million yuan, a decrease of 8.3746 million yuan or 2.11% over the beginning of the year, mainly due to the strengthening of sales collection.
(4) Other receivables
The ending balance of other receivables was 134757 million yuan, an increase of 7.3768 million yuan or 120.95% over the beginning of the year, mainly due to the increase of margin.
(5) Stock
The ending balance of inventory was 11329401 million yuan, an increase of 4898989 million yuan or 76.18% over the beginning of the year, mainly due to the acceleration of “double Gigabit” construction in the industry and sufficient product orders of the company. The company overcame the global chip shortage by purchasing in advance, and actively prepared goods and organized production. Raw materials increased by 1821455 million yuan over the beginning of the year, and unsettled issued goods increased by 2898549 million yuan over the beginning of the year. (6) Other current assets
The ending balance of other current assets was 1051432 million yuan, an increase of 857002 million yuan or 440.78% over the beginning of the year, mainly due to the increase of input tax of value-added tax to be deducted. (7) Investment in other equity instruments
The ending balance of other equity instrument investment was 409505 million yuan, an increase of 100% over the beginning of the year, mainly due to the new equity investment in other companies in the current period and the increase in the fair value of the equity invested. (8) Fixed assets
The ending balance of fixed assets was 1572678 million yuan, an increase of 1313700 yuan or 0.84% over the beginning of the year. The main changes in fixed assets are: the company increased the purchase of machinery and equipment by 317681 million yuan in 2021, and accrued the accumulated depreciation of various fixed assets by 293279 million yuan. (9) Construction in progress
The ending balance of construction in progress was RMB Dahu Aquaculture Co.Ltd(600257) million, an increase of 512869 million yuan or 586.89% over the beginning of the year, mainly due to the increase in investment in Tianyi Electronic Information Industrial Park in the current period. (10) Right of use assets
The ending balance of right to use assets was 3.9353 million yuan, an increase of 100%, mainly due to the implementation of the new leasing standards in the current period. (11) Intangible assets
The ending balance of intangible assets was 567967 million yuan, a decrease of 4.3337 million yuan or 7.09% over the beginning of the year, mainly due to the provision for amortization of intangible assets of 5.2797 million yuan. (12) Goodwill
The ending balance of goodwill is 134016 million yuan, which is the difference between the merger cost and the fair value of identifiable net assets of Shanghai henggu Intelligent Technology Co., Ltd. obtained in the merger on the acquisition date, which is recognized as goodwill. Compared with the end of the previous period, the amount of goodwill has not changed. (13) Deferred income tax assets
The ending balance of deferred income tax assets was 119528 million yuan, an increase of 3.3391 million yuan or 38.76% over the beginning of the year, mainly due to the implementation of equity incentive in 2021. The recognized share based payment expenses have temporary differences in income tax, resulting in deferred income tax assets of 2.3117 million yuan.
2. Debt structure:
At the end of 2021, the company’s total liabilities were 971697 million yuan, an increase of 2957185 million yuan or 43.75% over the end of the previous period. Mainly due to the expansion of production and marketing scale and active preparation of goods, notes payable and accounts payable increased significantly compared with the end of the previous period. As well as the implementation of equity incentive in this year, the equity incentive payment received is included in other payables before exercise. The main items of changes in liabilities are:
The composition of the company’s liabilities is shown in the following table:
Unit: 10000 yuan
Increase and decrease range of the project from December 31, 2021 to December 31, 2020
Total liabilities 97169706759785 43.75%
Total current liabilities 96667586738263 43.46%
Notes payable 1657467935391 77.20%
Accounts payable 65342254878660 33.93%
Contract liabilities 136885 686.94 99.27%
Payroll payable 783182722503 8.40%
Taxes payable 327.22 133.48 145.15%
Other payables 480001110779 333.29%
Non current due within one year 244.81 0.00
Liabilities 100.00%
Other current liabilities 177.95 88.87 100.23%
Total non current liabilities 502.12 215.22 133.31%
Lease liabilities 111.48 0.00 100%
Deferred income 133.45 189.17 – 29.46%
Deferred income tax liabilities 257.19 26.04 887.48%
(1) Notes payable
The ending balance of notes payable was 1657467 million yuan, an increase of 722076 million yuan or 77.20% over the beginning of the year, mainly due to the active preparation of goods and the increase of notes payable in the current period. (2) Accounts payable
The ending balance of accounts payable was 6534225 million yuan, an increase of 1655565 million yuan over the beginning of the year
