Ledman Optoelectronic Co.Ltd(300162)
Financial statement report of 2021
Ledman Optoelectronic Co.Ltd(300162) (hereinafter referred to as “the company”) has audited the consolidated and parent company’s balance sheet on 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 the financial statements in 2021, and issued an unqualified audit report of Daxin audit Zi [2022] No. 500014. According to the audit opinion of the accountant, the financial statements of the company are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the financial position of the company and the parent company as of December 31, 2021, as well as the operating results and cash flow of the company and the parent company in 2021.
1、 Preparation scope of 2021 annual financial statements
The scope of the company’s financial statements in 2021 includes the parent company Ledman Optoelectronic Co.Ltd(300162) , Huizhou Ledman Optoelectronic Co.Ltd(300162) Technology Co., Ltd., Shenzhen Lehman Cultural Media Investment Co., Ltd., Shenzhen Lehman energy saving development Co., Ltd., Shenzhen tuoxiang Technology Co., Ltd., Shenzhen kangshuozhan Electronics Co., Ltd., torshare Ltd., MANTIE International Hong Kong Co., Ltd., Shenzhen MANTIE Xingsheng Investment Co., Ltd Shenzhen Lehman technology intelligence Co., Ltd., Lehman Hong Kong Co., Ltd., Guangzhou Ledman Optoelectronic Co.Ltd(300162) Technology Co., Ltd., Shenzhen Lehman tuoxiang Trading Co., Ltd. and tuoxiang (Vietnam) Co., Ltd.
2、 Main financial indicators in 2021
1. Main financial data during the reporting period
The company’s operating revenue in 2021 was 1303357400 yuan, an increase of 59.17% over the same period of last year; The net profit attributable to the shareholders of the listed company was 474515 million yuan, an increase of 115.04% over the same period last year; The basic earnings per share was 0.14 yuan / share, an increase of 115.56% over the same period last year; The total assets were 1509599800 yuan, an increase of 30.17% over the same period of last year; The net assets attributable to shareholders of listed companies were 6359676 million yuan, an increase of 5.88% over the same period last year.
2. The basic financial indicators of the company in 2021 are as follows:
December 31, 2021 December 31, 2020
/2021 / 2020
Operating income (10000 yuan) 130335748188331
Net profit attributable to shareholders of the listed company (10000 yuan) 474515 -3155409
Deduction of non recurring losses attributable to shareholders of listed companies 314261 -3124887
Net profit of profit (10000 yuan)
Net cash flow from operating activities (10000 yuan) 417204 -101501
Project December 31, 2021 December 31, 2020 / 2021 / 2020
Basic earnings per share (yuan / share) 0.14 – 0.9
Diluted earnings per share (yuan / share) 0.14 – 0.9
Weighted average return on net assets 7.69% – 41.90%
Asset liability ratio 56.11% 45.93%
Quick ratio 0.82 0.99
Current ratio 1.34 1.55
Net profit operating net cash content 0.88 0.03
Accounts receivable turnover days (days) 61.29 102.48
Inventory turnover days (days) 125.40 143.43
Owner’s equity attributable to shareholders of listed companies 6359676 Arcplus Group Plc(600629) 1
Net assets per share attributable to shareholders of listed companies (RMB 1.82 1.72 / share)
Net cash flow per share (yuan) -0.11 0.19
Cash flow from operating activities per share (yuan) 0.12 -0.03
Note: the above calculation results may have tail difference due to rounding, the same below.
3、 Analysis of financial status, operating results and cash flow
1. Analysis of asset liability structure and changes
Unit: 10000 yuan
Year on year changes from December 31, 2021 to December 31, 2020
Monetary capital 27701092530292 9.48%
Accounts receivable 28022431586339 76.65%
Inventory 40898062819879 45.03%
Total current assets 104729097780796 34.60%
Fixed assets 25566402049205 24.76%
Intangible assets 140672145769 – 3.50%
Goodwill 457670 0.00%
Total non current assets 46230893816055 21.15%
Total assets 1509599811596850 30.17%
Year on year changes from December 31, 2021 to December 31, 2020
Total current liabilities 78319315016498 56.12%
Total liabilities 84710655326464 59.04%
Total shareholders’ equity 66249336270386 5.65%
Total liabilities and shareholders’ equity 1509599811596850 30.17%
During the reporting period, the total assets of the company increased by 30.17% over the previous year.
It is mainly due to the stable development of the company’s business and the expansion of asset scale.
The company’s current assets accounted for a high proportion of total assets, accounting for 69.38% of current assets at the end of the reporting period, an increase of 2.28% over the beginning of the year; Total current assets increased year-on-year, mainly due to the increase in accounts receivable and inventories during the reporting period.
At the end of the reporting period, the company’s current liabilities accounted for 92.46% of the total liabilities, mainly including short-term loans, accounts payable, notes payable and contract liabilities; Current liabilities increased by 56.12% over the same period last year, mainly due to the increase of notes payable and accounts payable in the reporting period over the previous year.
2. Business analysis
(1) Profit analysis
Unit: 10000 yuan
Year on year change from 2021 to 2020
Operating income 130335748188331 59.17%
Operating cost 99182816429605 54.26%
Sales expense 10379701129158 – 8.08%
Administrative expenses 686932760504 – 9.67%
R & D expenses 633417586163 8.06%
Financial expenses 132343232305 – 43.03%
Credit impairment loss (loss expressed with “-” – 145250 -321157 54.77%)
Asset impairment loss (loss expressed with “-” in -820.671930364 and 95.75%)
Operating profit 453667 -3146932 114.42%
Net profit 475677 -3169980 115.01%
Net profit attributable to owners of parent company 474515 -3155409 115.04%
1) The operating revenue in 2021 increased by 59.17% compared with that in 2020, mainly due to the remarkable achievements in China’s market development, the continuous improvement of the market share of the basic sector in the special display track, and the gradual increase of commercial display track, so as to realize the rapid growth of operating revenue.
2) The overall financial expenses in 2021 decreased significantly compared with that in 2020, mainly due to the impact of changes in the exchange rate of RMB against the US dollar and the reduction of exchange losses.
3) The credit impairment loss in 2021 decreased significantly compared with that in 2020, mainly due to the decrease in the provision for credit impairment loss of other receivables in this year.
4)
