Gansu Engineering Consulting Group Co.Ltd(000779)
Financial statement report of 2021
1、 Audit of financial statements in 2021
The 2021 financial report of the company has been audited by YONGTUO Certified Public Accountants (special general partnership), and the audit institution has issued a standard unqualified audit report. According to the audit report, the financial report is prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflects 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.
2、 Analysis of financial status, operating results and cash flow
(I) financial situation of the company at the end of 2021
1. Total assets and composition
At the end of 2021, the total assets of the company were 4.198 billion yuan, an increase of 7.63% over the beginning of the year, including 1.184 billion yuan of monetary capital, 1.027 billion yuan of net accounts receivable, 79 million yuan of net contract assets, 240 million yuan of inventory, 206 million yuan of long-term equity investment, 657 million yuan of fixed assets, 144 million yuan of projects under construction and 206 million yuan of intangible assets.
2. Total liabilities and their composition
At the end of 2021, the company’s total liabilities were 1.746 billion yuan, an increase of 0.12% over the beginning of the year. Among the main liabilities, accounts payable were 405 million yuan, contract liabilities were 97 million yuan, employee compensation payable was 497 million yuan, other payables were 456 million yuan and other current liabilities were 08 million yuan.
3. Shareholders’ equity and its composition
At the end of 2021, the total owner’s equity of the company was 2.452 billion yuan, an increase of 13.71% over the beginning of the year, of which the owner’s equity attributable to the parent company was 2.441 billion yuan.
4. At the end of the reporting period, the asset liability ratio was 41.58%, down 3.12 percentage points from the beginning of the year, maintaining strong solvency.
(II) operating results in 2021
During the reporting period, the company overcame the adverse factors such as covid-19 epidemic and intensified market competition, comprehensively deepened reform, strengthened management, implemented scientific and technological innovation drive, enhanced development vitality, actively expanded the market, and better completed the annual production and operation objectives.
1. During the reporting period, the company achieved an operating revenue of 2.582 billion yuan and completed 97.07% of the company’s financial budget operating revenue of 2.66 billion yuan in 2021, an increase of 101 million yuan or 4.09% over the previous year. The main reason for the increase is the increase in business revenue such as design and supervision.
2. During the reporting period, the company realized a total profit of 385 million yuan and completed 97.96% of the company’s total financial budget profit of 393 million yuan in 2021, an increase of 18 million yuan or 4.91% over the previous year. The main reasons for the change of total profit: first, the business scale increased, and the gross profit increased by 127 million yuan year-on-year; Second, the administrative expenses increased by 51.81 million yuan; Third, the R & D expenses increased by 8.37 million yuan; Fourth, the provision for impairment increased by 49.4 million yuan year-on-year.
3. During the reporting period, the company realized a net profit attributable to the shareholders of the parent company of 327 million yuan, an increase of 20 million yuan or 6.39% year-on-year.
4. During the reporting period, the basic earnings per share was 0.8737 yuan, an increase of 0.0407 yuan per share compared with 0.8330 yuan in the same period of last year.
5. During the reporting period, the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses was 314 million yuan, an increase of 2.16% over the same period of last year.
(III) cash flow in 2021
During the reporting period, the net decrease in cash and cash equivalents was 339 million yuan, a year-on-year decrease of 327.46%, as follows:
The decrease in net cash flow in the reporting period was mainly due to the decrease of – 86.0% in net cash flow in the first reporting period; Second, the cash paid to and for employees in the current period increased year-on-year.
2. During the reporting period, the net cash flow from investment activities was -195 million yuan, a year-on-year decrease of 30.38%. The change was mainly due to the equity investment of 100 million yuan, a year-on-year increase of 65.53 million yuan. 3. The net cash flow from financing activities in the reporting period was -88 million yuan, a year-on-year decrease of 345037%, mainly due to the profit distribution of 76.04 million yuan in the current period.
3、 Other important matters
(I) changes in consolidation scope of financial statements
In this phase, Gansu architectural design and Research Institute Co., Ltd., a secondary subsidiary, established a new tertiary holding subsidiary Gansu zhongruilong Engineering Co., Ltd., and the number of subsidiaries within the consolidation scope increased to 27.
(II) changes in accounting policies
The company will implement the revised accounting standards for Business Enterprises No. 21 – leasing from January 1, 2021.
Gansu Engineering Consulting Group Co.Ltd(000779) board of directors April 19, 2022
