Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689)
Financial statement report of 2021
The financial statements of the company in 2021 include the balance sheet on December 31, 2021, the profit statement of 2021, the statement of changes in shareholders' equity of 2021 and the cash flow statement of 2021. Zhongshenhua Certified Public Accountants (special general partnership) has audited it and issued a standard unqualified audit report (see the annex for the audit report). In order to enable each director to have a comprehensive and detailed understanding of the company's operating results and financial status in 2021, we hereby report the relevant information of the financial statements in 2021 as follows for your deliberation.
In 2021, the company realized an operating revenue of 9693457 million yuan, an increase of 541317 million yuan, an increase of 5.91%; The net profit attributable to the shareholders of the parent company was 13.026 million yuan, a year-on-year increase of 4.3792 million yuan, an increase of 50.78%.
1、 Simplified financial indicator table
Unit: 10000 yuan
Change ratio of the project from 2021 to 2020
Operating income 96934579152140 5.91%
Total profit 135780 723.83 87.59%
Net profit 120024 678.61 76.87%
Net profit attributable to shareholders of the parent company 130026 862.35 50.78%
Net cash flow from operating activities 3096451077913 - 71.27%
Earnings per share (yuan / share) 0.0125 0.008350.60%
Weighted average return on net assets 0.97%, 0.66%, 0.31%
Asset liability ratio 36.6%, 37.51% - 0.91%
Current ratio 2.08 1.97 11%
2、 Analysis description
1. Assets and liabilities
As of December 31, 2021, the total assets of the company were 2105112000 yuan, a decrease of 14.307 million yuan or 0.68% over the end of the previous year. Among them, the current assets were 1304336900 yuan, an increase of 400331 million yuan or 3.17% over the end of the previous year. Mainly due to the year-on-year increase in cash received from selling goods and providing labor services and the year-on-year decrease in various expenses, the monetary capital increased by 689803 million yuan, an increase of 23.27%; The increase in the payment in the form of endorsement and acceptance bill in the current period reduced the notes receivable by 170466 million yuan, a decrease of 86.57%; The increase of sales volume in the current period increased the accounts receivable (including contract assets) by 108506 million yuan, 10000 yuan, a decrease of 25.77%; The performance compensation received in the current period reduced other receivables by 229486 million yuan, a decrease of 41.26%; The increase of contract execution in the current period increased the inventory by 6.3435 million yuan, an increase of 2.33%; It is expected that the input tax deducted from value-added tax will be reduced, resulting in a decrease of other current assets of 1.9214 million yuan, a decrease of 31.29%. Non current assets were 8007751 million yuan, a decrease of 543401 million yuan or 6.35% over the end of the previous year, mainly due to the increase of accumulated depreciation, which reduced the net value of fixed assets by 10.40% and the increase of amortization of intangible assets, which reduced the net value of intangible assets by 2.85%.
Total liabilities amounted to 770569900 yuan, a decrease of 24433700 yuan or 3.07% over the end of the previous year. Among them, the current liabilities were 6268676 million yuan, a decrease of 145851 million yuan or 2.27% over the end of the previous year, mainly due to the decrease of materials payable and engineering payable in the current period. Non current liabilities amounted to 1437028 million yuan, a decrease of 9.8486 million yuan or 6.41% over the end of the previous year, mainly due to the reversal of asset related government subsidies into current income in the current period, resulting in a decrease of 117092 million yuan or 7.78% in deferred income.
2. Cash flow
As of December 31, 2021, the net increase in cash and cash equivalents was 359724 million yuan, of which the net increase in cash flow from operating activities was 309645 million yuan, a year-on-year decrease of 768269 million yuan or 71.27%, mainly due to the year-on-year increase in cash paid for purchasing goods and receiving labor services in the current period; The net increase in cash flow from investment activities was 2.605 million yuan, a year-on-year increase of 26.374 million yuan, an increase of 110.94%, mainly due to the year-on-year decrease in the expenditure on the purchase and construction of fixed assets in the current period; The net increase in cash flow from financing activities was 3.712 million yuan, a year-on-year decrease of 8.6781 million yuan or 70.05%, mainly due to the year-on-year increase in letter of guarantee and bank acceptance deposit paid in the current period; The impact of exchange rate changes on cash and cash equivalents was -1303700 yuan, a year-on-year increase of 4456400 yuan, an increase of 77.37%, mainly due to the reduction of exchange losses caused by exchange rate changes.
3. Profitability
In 2021, the company realized an operating revenue of 9693457 million yuan, an increase of 541317 million yuan year-on-year, an increase of 5.91%; The net profit attributable to the shareholders of the parent company was 13.026 million yuan, a year-on-year increase of 4.3792 million yuan, an increase of 50.78%. Reasons for performance changes: the company refined market layout, deepened market construction, focused on customers, strengthened agent promotion and service, promoted modular operation, increased contract signing and execution, and increased operating revenue year-on-year; At the same time, the company strengthened the control of contract quality, strengthened the collection of accounts receivable, improved operation efficiency, and gradually achieved organizational empowerment; Based on the overall strategic planning, the company reasonably distributes the markets outside China,
In 2021, the company realized a main business income of 938114800 yuan, a main business cost of 695268800 yuan, and a gross profit margin of 25.89%, a year-on-year decrease of 3.1 percentage points.
The change was mainly due to the decline of product sales price and the rise of some raw material prices.
In 2021, the company realized a sales expense of 1302618 million yuan, a year-on-year decrease of 5.18%, mainly due to the year-on-year decrease in wages and welfare expenses, leasing expenses, bidding expenses and office expenses.
In 2021, the company realized an administrative expense of 80.367 million yuan, a year-on-year decrease of 1.49%, and the year-on-year change range of various expenses in this period is small.
In 2021, the company realized R & D expenses of 34.897 million yuan, with a year-on-year increase of 3.74%. The year-on-year change range of various expenses in this period is small.
In 2021, the company realized financial expenses of 8.1071 million yuan, a year-on-year decrease of 33.5%, mainly due to the year-on-year decrease in exchange losses caused by exchange rate changes in the current period.
4. Owner's equity status
The total shareholders' equity was 13345421 million yuan, an increase of 101267 million yuan or 0.76% over the end of the previous year, mainly due to the net profit attributable to the owners of the parent company of 13.026 million yuan in the current period. At the end of 2021, the total share capital of the company was 1043310700 yuan, the capital reserve was 815735 million yuan, the surplus reserve was 768362 million yuan, the undistributed profit was 1373455 million yuan, and the shareholders' equity attributable to the parent company was 13345421 million yuan.
3、 Other matters to be explained
1. Basis and method of preparation of current financial statements
The company implements the accounting standards for business enterprises issued by the Ministry of Finance in February 2006. The notice of the Ministry of Finance and accounting on the revision of the accounting standards for business enterprises held for sale and the termination of non operating assets issued on April 15, 2017 (No. 42 of the Ministry of Finance and accounting on April 15, 2017); On May 9, 2019 and May 16, 2019, the Ministry of Finance issued the notice on Issuing and revising the accounting standards for Business Enterprises No. 7 - exchange of non monetary assets (CK [2019] No. 8) and the notice on Issuing and revising the accounting standards for Business Enterprises No. 12 - debt restructuring (CK [2019] No. 9); The Ministry of Finance promulgated the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the accounting standards for Business Enterprises No. 23 - transfer of financial assets, the accounting standards for Business Enterprises No. 24 - hedge accounting on March 31, 2017, and the accounting standards for Business Enterprises No. 37 - presentation of financial instruments on May 2, 2017
The standards (hereinafter referred to as the "new financial instrument standards") and require domestic listed enterprises to implement the new financial instrument standards from January 1, 2019; On July 5, 2017, the Ministry of Finance issued the notice on revising and printing the accounting standards for Business Enterprises No. 14 - Revenue (CAI Kuai [2017] No. 22), hereinafter referred to as the "new revenue standard"), requiring enterprises listed at home and abroad and enterprises listed abroad and preparing financial statements using international financial reporting standards or accounting standards for business enterprises to take effect as of January 1, 2018; Other domestic listed enterprises shall be implemented as of January 1, 2020; Non listed enterprises that implement the accounting standards for business enterprises shall go into effect as of January 1, 2021.
In 2021, the company implemented the revision of accounting standards for business enterprises and relevant provisions of accounting standards for business enterprises issued by the Ministry of finance, and adjusted the relevant contents of accounting policies.
On April 30, 2019, the Ministry of Finance issued the notice on revising and printing the format of general enterprise financial statements in 2019 (CK [2019] No. 6), requiring non-financial enterprises implementing the accounting standards for business enterprises to prepare financial statements in accordance with the requirements of the accounting standards for business enterprises and CK [2019] No. 6; On September 19, 2019, the Ministry of Finance issued the notice on revising and Issuing the format of consolidated financial statements (version 2019) (CK [2019] No. 16), which was implemented in conjunction with CK [2019] No. 6. The company has prepared financial statements according to the new format.
During the reporting period, there was no significant change in accounting estimates or correction of accounting errors.
The comparative data contained in the company's audit statements in 2021 is based on the parent company's Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) evaluation of bolint elevator (Singapore) Pte Ltd, bolint elevator Australia joint venture Co., Ltd., bolint elevator Peru Co., Ltd., Shenyang bolint Morocco Co., Ltd., bolint elevator Papua New Guinea Co., Ltd., Shenyang bolint elevator installation Co., Ltd., Chongqing bolint Elevator Co., Ltd Yunnan bolint Elevator Co., Ltd., Harbin bolint Elevator Co., Ltd., Nanjing Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) Industry Co., Ltd., Yuanda real estate group (Kenya) Co., Ltd., Guangdong bolint Elevator Co., Ltd., Shenyang Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) hi tech Siasun Robot&Automation Co.Ltd(300024) Co., Ltd., Kazakstan Yuanda bolint Elevator Group Co., Ltd Relevant operating assets and liabilities after the merger of 16 subsidiaries of India bolint elevator private Co., Ltd. and Shenyang Yuanda new energy Co., Ltd.
2. Tax relief
The parent company will implement the income tax rate of 15% in 2021.
The above is the final financial statement report of Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) 2021, which is prepared by the board of directors and submitted to the general meeting of shareholders for deliberation after being reviewed and approved by the board of supervisors.
Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) board of directors April 12, 2022
