Financial statement report of 2021
1、 Completion of main financial indicators
Unit: 10000 yuan
Proportion of change in comparison with the same period of last year in the reporting period (%)
Operating income 25402366819267017209696 210.06%
Operating profit 1886762 -33582305244992 156.18%
Net profit
(net profit attributable to 495102 -39024604397562 112.69% of the parent company’s shares)
Total assets 12849548111160717916888302 15.13%
Shareholders’ equity (attributable to 54264295, 62070634 – 7806339 – 12.58% shareholders’ equity of the parent company)
The current net cash flow from operating activities is 10056793 -11202866, 21259659 and 189.77%
Earnings per share (yuan / share) 0.0446 -0.3516 0.3962112.68%
Return on net assets (attributable)
Belonging to the shareholders of the parent company (return on net assets increased by 6.99 percentage points from 0.90% to 6.09%) (II. Financial status of the company
(I) assets
By the end of the reporting period, the total assets of the company were 12.85 billion yuan, an increase of 1.689 billion yuan or 15.13% over the beginning of the year, including:
1. current assets
Current assets at the end of the period amounted to 10.838 billion yuan, accounting for 84.35% of all assets, an increase of 1.419 billion yuan or 15.06% over the beginning of the year. The changes in the main subjects of current assets are as follows: (1) the ending balance of monetary funds was 540 million yuan, an increase of 29.82% over the beginning of the year, mainly due to the increase in sales receipts during the reporting period.
(2) The ending balance of notes receivable was 0 yuan and the beginning balance was 2.4225 million yuan, mainly due to the recovery of due bank acceptance bills during the reporting period.
(3) The ending balance of accounts receivable was 9995200 yuan, a decrease of 7.24% over the beginning of the year, mainly due to the decrease of rent receivable during the reporting period.
(4) The ending balance of prepayment was 1.6549 million yuan, a decrease of 99.81% over the beginning of the year, mainly due to the payment of part of the land payment for Jiuru pinzhu project in the previous period and the transfer into inventory during the reporting period.
(5) The ending balance of other receivables was 218 million yuan, an increase of 166345% over the beginning of the year, mainly due to the increase of C03 land collection and storage receivables during the reporting period. (6) The ending balance of inventory was 9.95 billion yuan, an increase of 23.08% over the beginning of the year, mainly due to the new Jiuru product construction project in the reporting period.
(7) Other current assets were 119 million yuan, an increase of 546.99% over the beginning of the year, mainly due to the increase of withholding tax and input tax to be deducted within one year during the reporting period.
2. Non current assets
Non current assets at the end of the period amounted to 2.011 billion yuan, accounting for 15.65% of all assets, an increase of 270 million yuan or 15.50% over the beginning of the year. The changes in the main subjects of non current assets are as follows:
(1) The ending balance of long-term equity investment was 340 million yuan, a decrease of 3.39% over the beginning of the year, mainly due to the decrease in investment income of Tianjin Zhongtian Aviation Industry Investment Co., Ltd. during the reporting period.
(2) The ending balance of other non current financial assets was 260 million yuan, an increase of 108.98% over the beginning of the year, mainly due to the purchase of trust products during the reporting period.
(3) The ending balance of investment real estate was 908 million yuan, an increase of 5.53% over the beginning of the year, mainly due to the transfer of some inventories and fixed assets into investment real estate during the reporting period.
(4) The ending balance of fixed assets was 360526 million yuan, a decrease of 9.78% over the beginning of the year, mainly due to the sublease of some self used office buildings during the reporting period.
(5) The ending balance of right of use assets was 5.3708 million yuan, and the beginning amount was 0 million yuan, mainly because the Sales Office of Nankai tiantuo project was leased during the reporting period and recorded in the right of use assets according to the requirements of the new leasing standards.
(6) The ending balance of intangible assets was 3.7863 million yuan, a decrease of 14.69% over the beginning of the year, mainly due to the increase in amortization during the reporting period.
(7) The ending balance of goodwill is 109337 million yuan, which is consistent with the goodwill at the beginning of the year.
(8) The ending balance of long-term deferred expenses was 2.3561 million yuan, a decrease of 58.18% over the beginning of the year, mainly due to the increase in amortization during the reporting period.
(9) The ending balance of deferred income tax assets was 394 million yuan, an increase of 34.54% over the beginning of the year, mainly due to the increase of local tax increase accrued for projects that meet the conditions for carrying forward income during the reporting period.
(10) The ending balance of other non current assets was 502069 million yuan, a decrease of 0.38% over the beginning of the year, mainly due to the decrease of input tax to be deducted for more than one year in the reporting period.
(II) liabilities
By the end of the reporting period, the total liabilities of the company were 7.415 billion yuan, an increase of 2.469 billion yuan or 49.93% over the beginning of the year, and the asset liability ratio was 57.70%. The changes of various liabilities are as follows:
(1) The ending balance of short-term loans was 730 million yuan, an increase of 87.18% over the beginning of the year, mainly due to the increase in financial leasing loans during the reporting period.
(2) The ending balance of accounts payable was 1.103 billion yuan, an increase of 66.10% over the beginning of the year, mainly due to the increase in project accounts payable of subsidiaries during the reporting period.
(3) The ending balance of accounts received in advance was 9.1275 million yuan, a decrease of 22.48% over the beginning of the year, mainly due to the decrease of rent received in advance during the reporting period.
(4) The ending balance of contract liabilities was 1.381 billion yuan, an increase of 210.34% over the beginning of the year, mainly due to the increase of house payment received in advance during the reporting period.
(5) The ending balance of employee compensation payable was 216289 million yuan, an increase of 7.79% over the beginning of the year, mainly due to the provision of employee education funds during the reporting period.
(6) The ending balance of taxes payable was 502 million yuan, an increase of 137.29% over the beginning of the year, mainly due to the increase in value-added tax payable by subsidiaries during the reporting period.
(7) The ending balance of interest payable was 9.2445 million yuan, an increase of 6.04% over the beginning of the year, mainly due to the increase of interest accrued during the reporting period.
(8) The ending balance of other payables was 582786 million yuan, an increase of 35.50% over the beginning of the year, mainly due to the increase of collection expenses during the reporting period.
(9) The ending balance of non current liabilities due within one year was 1.459 billion yuan, a decrease of 10.13% over the beginning of the year, mainly due to the decrease of bonds payable due within one year during the reporting period.
(10) The ending balance of other current liabilities was 1.34 billion yuan, an increase of 47.27% over the beginning of the year, mainly due to the increase of land value-added tax accrued by subsidiaries during the reporting period. (11) The ending balance of long-term loans was 376 million yuan, a decrease of 38.19% over the beginning of the year, mainly due to the increase of long-term loans reclassified to maturity within one year during the reporting period. (12) The ending balance of bonds payable was 399 million yuan, and the amount at the beginning of the year was 0 yuan, mainly due to the new issuance of corporate bonds during the reporting period.
(III) shareholders’ equity
As of the end of the reporting period, the shareholders’ equity attributable to the parent company was 5.426 billion yuan, a decrease of 781 million yuan or 12.58% over the beginning of the year, mainly due to the acquisition of Tianjin Tianbao Chuangyuan Real Estate Development Co., Ltd., an enterprise under the same control, and the retroactive adjustment of the amount of shareholders’ equity attributable to the parent company at the beginning of the reporting period according to the accounting standards. 3、 Operating results of the company
1. Operating income
During the reporting period, the operating income was 2.540 billion yuan, an increase of 210.06% over the same period of last year, mainly due to the year-on-year increase of projects that meet the conditions for carrying forward income during the reporting period.
2. Operating costs
During the reporting period, the operating cost was 1.238 billion yuan, an increase of 275.51% over the same period of the previous year, mainly due to the year-on-year increase in the items that meet the conditions for carrying forward income during the reporting period and the year-on-year increase in the matching operating cost carrying forward.
3. Taxes and surcharges
During the reporting period, taxes and surcharges amounted to 540 million yuan, an increase of 585.91% over the same period last year, mainly due to the year-on-year increase in land value-added tax during the reporting period.
4. Selling expenses
During the reporting period, the sales expense was 95.34 million yuan, an increase of 296.36% over the same period of last year, mainly due to the year-on-year increase of sales service fee during the reporting period.
5. Administrative expenses
During the reporting period, the management expense was 310338 million yuan, a decrease of 11.71% over the same period of last year, mainly due to the year-on-year decrease in employee salary and amortization expenses during the reporting period. 6. Financial expenses
During the reporting period, the financial expense was 179 million yuan, an increase of 91.59% over the same period last year, mainly due to the year-on-year increase in interest expenditure during the reporting period.
7. Other income
During the reporting period, other income was 1.0605 million yuan, a decrease of 72.76% over the same period of the previous year, mainly due to the decrease of government subsidies included in the current profit and loss during the reporting period.
8. Investment income
During the reporting period, the investment income was -8.5745 million yuan, a decrease of 140.27% over the same period of the previous year, mainly due to the year-on-year decrease in the investment income of Tianjin Zhongtian Aviation Industry Investment Co., Ltd.
9. Credit impairment loss
During the reporting period, the credit impairment loss was -165794 million yuan, an increase of 414.26% over the same period of last year, mainly due to the year-on-year increase in bad debt reserves accrued during the reporting period. 10. Asset impairment loss
During the reporting period, the asset impairment loss was – 244 million yuan, the asset impairment loss before retroactive adjustment was – 135 million yuan, and the asset impairment loss after retroactive adjustment was – 616 million yuan. The asset impairment loss during the reporting period decreased by 60.37% compared with the retroactive adjustment of the same period last year, mainly due to the acquisition of Tianbao Chuangyuan company under the same control during the reporting period and retroactive adjustment of the data of the same period last year.
11. Non operating income
During the reporting period, the non operating income was 227600 yuan, a decrease of 42.57% over the same period of the previous year, mainly due to the decrease in lease liquidated damages received during the reporting period.
12. Non operating expenses
During the reporting period, the non operating expenditure was 48200 yuan, an increase of 175.92% over the same period of the previous year, mainly due to the increase in the disposal loss of non current assets caused by the scrapping of office supplies during the reporting period.
13. Total profit
During the reporting period, the total profit was 189 million yuan, 150 million yuan before retroactive adjustment in the same period of last year, and – 335 million yuan after retroactive adjustment. The total profit in the reporting period increased by 156.30% compared with that in the same period of last year, mainly due to the retroactive adjustment of the data in the same period of last year due to the acquisition of Tianbao Chuangyuan company, an enterprise under the same control.
14. Net profit
During the reporting period, the net profit attributable to the parent company was 495102 million yuan, the net profit attributable to the parent company before retroactive adjustment in the same period of last year was 952934 million yuan, and the net profit attributable to the parent company after retroactive adjustment was – 390 million yuan. The net profit attributable to the parent company in the reporting period increased by 112.69% compared with the same period of last year after retroactive adjustment, mainly due to the acquisition of Tianbao Chuangyuan company under the same control during the reporting period and retroactive adjustment of the data in the same period of last year. 4、 Cash flow
The company’s net increase in cash during the reporting period was 135 million yuan. It is mainly composed of the following three parts:
1. During the reporting period, the cash inflow from operating activities was 3.628 billion yuan, the outflow was 2.623 billion yuan, and the net flow was 1.006 billion yuan, an increase of 189.77%, mainly due to the increase in sales receipts during the reporting period.
2. During the reporting period, the cash inflow from investment activities was 3.3871 million yuan, the outflow was 146 million yuan, and the net flow was – 142 million yuan, a decrease of 574527%, mainly due to the increase in cash paid for the purchase of trust products during the reporting period.
3. During the reporting period, the cash inflow from financing activities was 3.078 billion yuan, the outflow was 3.806 billion yuan, and the net flow was – 729 million yuan, a decrease of 187.02%, which was mainly due to the increase in cash paid for debt repayment and the purchase payment of Tianbao Chuangyuan company Tianjin Tianbao Infrastructure Co.Ltd(000965) board of directors
April 14, 2002
