Beijing Unistrong Science & Technology Co.Ltd(002383)
Financial statement report of 2021
Beijing Unistrong Science & Technology Co.Ltd(002383) board of directors:
The financial statements of the company in 2021 have been audited by the accounting firm (special general partnership).
1、 Main financial data in 2021
1. Assets and liabilities (as of December 31, 2021)
The total assets are 49867219 million yuan, including 22785217 million yuan of current assets, accounting for 45.69% of the total assets, mainly including 5208369 million yuan of accounts receivable, 6664644 million yuan of inventory and 6550835 million yuan of monetary capital; Non current assets are 2708200200 yuan, accounting for 54.31% of the total assets, mainly including 6610377 million yuan of long-term receivables, 2218405 million yuan of long-term equity investment, 207584500 yuan of investment real estate, 1611744 million yuan of fixed assets, 1633132 million yuan of intangible assets, 3983838383800 yuan of goodwill and 340416000 yuan of deferred income tax assets, Other non current assets are 414086400 yuan.
The total liabilities are 33127812 million yuan, including current liabilities of 13865141 million yuan, mainly including accounts payable of 505436 million yuan and short-term loans of 208351000 yuan; Non current liabilities are 1926267100 yuan, mainly including long-term borrowings of 1833746500 yuan.
The total owner’s equity is 1673940700 yuan, including 740360300 yuan of share capital, 2439237700 yuan of capital reserve, 33221000 yuan of other comprehensive income, 59301200 yuan of surplus reserve, 1609286100 yuan of undistributed profit and 775485 million yuan of minority shareholders’ equity.
2. Profit (from January 1 to December 31, 2021)
The operating income is 2107546200 yuan, including 1967997000 yuan of main business income;
The operating cost is 1222275600 yuan, of which the main business cost is 1183748700 yuan;
Sales expenses: RMB 2145624 million;
Administrative expenses: 425610600 yuan;
The R & D cost is 210728 million yuan;
Financial expenses: 164061300 yuan;
The investment income is 3309582 million yuan;
Asset impairment loss -285675600 yuan;
Operating profit -732454 million yuan;
Total profit -720155 million yuan;
Net profit -1012704 million yuan;
The net profit attributable to the owner of the parent company is -927045 million yuan (including non recurring profit and loss of 5908048 million yuan). 3. Cash flow (from January 1 to December 31, 2021)
Net cash flow from operating activities -116735 million yuan;
Net cash flow from investment activities is 370452800 yuan;
Net cash flow from financing activities -342227900 yuan;
The net increase in cash and cash equivalents was 8.0961 million yuan;
4. Important financial indicators
Project 20212020
Earnings per share (RMB) -0.1252 -1.4789
Return on net assets (%) – 5.63% – 48.58%
Net cash flow from operating activities per share (RMB) -0.02 -0.08
Net assets per share attributable to shareholders of listed companies (RMB) 2.16 2.29
2、 Financial position of the company as of December 31, 2021
(I) asset analysis
1. Change analysis
As of December 31, 2021, the total assets of the company decreased by 22804084 million yuan or 31.38% compared with the end of the previous year, of which the current assets decreased by 19540595 million yuan or 46.17% compared with the end of the previous year, and the non current assets decreased by 3263489 million yuan or 10.75% compared with the end of the previous year.
The current assets decreased by 1954059500 yuan, mainly as follows:
Prepayments decreased by 12612101 million yuan, mainly due to the subsidiary Youhe technology of Zhengzhou aviation port area during the reporting period
Due to the transfer of equity of limited company, the prepayment of communication integration business is transferred out together with the equity;
Accounts receivable decreased by 769226400 yuan, mainly due to the subsidiary Zhengzhou HANGGANG Youhe Technology Co., Ltd. during the reporting period
Due to the transfer of the company’s equity, the accounts receivable of communication integration business are transferred out together with the equity;
Non current assets decreased by 326348900 yuan, mainly due to:
Long term receivables increased by 6610377 million yuan, mainly because the company sold the equity of its subsidiary Zhengzhou HANGGANG xingpai Technology Co., Ltd. during the reporting period, and the equity transfer payment and related creditor’s rights that have not been received formed long-term receivables;
The long-term equity investment decreased by 421093 million yuan, mainly due to the company’s sale of the equity of Beidou Navigation Technology Co., Ltd. during the reporting period;
Investment real estate decreased by 262582900 yuan, mainly due to the company selling the equity of its subsidiary Zhengzhou HANGGANG xingpai Technology Co., Ltd. during the reporting period, and the related real estate of Yizhuang Industrial Park was transferred out with the equity.
Fixed assets decreased by 290106200 yuan, mainly due to the company’s sale of the equity of its subsidiary Zhengzhou HANGGANG xingpai Technology Co., Ltd. during the reporting period, and the transfer out of relevant fixed assets of Yizhuang Industrial Park and national satellite navigation application Pujiang Industrial base together with the equity.
2. Structural analysis
As of December 31, 2021, the company’s liquidity decreased slightly compared with the same period of the previous year, and the liquid assets accounted for 45.69% of the total assets, a decrease of 12.55% compared with the same period of the previous year. However, due to the sharp decline of prepayments and accounts receivable of communication integration business occupying working capital, the quality of liquid assets has been greatly improved.
(II) analysis of liabilities and equity
1. Change analysis
As of December 31, 2021, the total liabilities of the company decreased by 2170424300 yuan or 39.58% compared with the previous year, mainly including:
Short term borrowings decreased by 517309 million yuan, other payables decreased by 29533225 million yuan, and the borrowings of shareholders and their related parties in other payables decreased by 29224546 million yuan, mainly due to the equity transfer of the subsidiary Zhengzhou HANGGANG Youhe Technology Co., Ltd. during the reporting period, and the corresponding borrowings of integrated business were transferred out together with the equity for external use;
Long term borrowings increased by 14983621 million yuan, mainly due to the signing of accounts receivable creditor’s rights transfer and repurchase contract between the company and Minmetals International Trust Co., Ltd. during the reporting period, which increased financing by 1.605 billion yuan;
As of December 31, 2021, the total owner’s equity attributable to the parent company decreased by 1015311 million yuan or 5.98% compared with the previous year, mainly including:
The undistributed profit decreased by 927477 million yuan, mainly due to the loss of 927045 million yuan attributable to the parent company in the consolidated statements of the company this year.
2. Structural analysis
As of December 31, 2021, with the company gradually cleaning up all kinds of inefficient assets, the total assets and total liabilities decreased at the same time, the proportion of liabilities decreased from 75.45% in the previous year to 66.43% in the current year, and the proportions of debt capital and equity capital were 64.80% and 35.20% respectively.
(III) analysis of main business indicators
The turnover rate of accounts receivable in this year was 2.33, an increase of 72.42% over 1.35 of the previous year, mainly due to the transfer out of accounts receivable from communication integration business.
The inventory turnover rate of this year was 1.81, little change from 1.57 of the previous year.
3、 Operating results of the company in 2021
(I) change analysis
The net profit attributable to the owners of the parent company in 2021 increased by 1001293900 yuan or 91.53% compared with the previous year, mainly due to:
The operating gross profit increased by 1354473 million yuan or 18.06% over the previous year, mainly due to the growth of Beidou high-precision business sales. The gross profit of each product line is as follows:
Product line classification operating revenue operating cost gross profit margin
Beidou high precision service 952995746272324902725 51.45%
Beidou mobile Internet service 811214360986012013542 24.82%
Space time information service 19042361145087759149 39.87%
Other business 15291263518361177290 76.99%
Total 21075462122227568852706 42.00%
R & D expenses decreased by 815836 million yuan or 27.91% compared with the previous year; The total investment in R & D decreased by 7.3904 million yuan or 2.95% over the same period of last year; The chip and other projects newly invested in R & D in this period meet the capitalization conditions, resulting in a decrease in R & D expenses. The details of R & D expenses are as follows:
Change rate of current period amount and previous period amount of the project
Labor cost 13482981585107 – 14.94%
Outsourcing R & D and technical service fee 321894555898 – 42.09%
Depreciation and amortization expense 142478367753 – 61.26%
Material and commissioning cost 140436271575 – 48.29%
Travel and transportation expenses 255.03 445.48 – 42.75%
Other expenses 128671 982.36 30.98%
Total 21072802923116 – 27.91%
Financial expenses decreased by 1636789 million yuan or 49.94% compared with the previous year, mainly due to the decline of financing scale. The expenses are as follows:
Change rate of current period amount and previous period amount of the project
Interest expense 20440 Allmed Medical Products Co.Ltd(002950) 589 – 30.73%
Less: interest income 569473 451.43116149%
Exchange loss
