Hangzhou Zhengqiang transmission Co., Ltd
Financial statement report of 2021
Hangzhou Zhengqiang transmission Co., Ltd. (hereinafter referred to as "the company") was merged with the parent company on December 31, 2021
Company's balance sheet, consolidated and parent company's income statement in 2021, consolidated and parent company's cash flow in 2021
Table, consolidated statement of changes in shareholders' equity of the parent company in 2021 and notes to relevant statements have been prepared by Tianjian certified public accountants
(special general partnership) audit.
In combination with the actual situation of the company, the company's 2021 annual financial statement is reported as follows:
1、 Basic information of the company in 2021
In 2021, the company adheres to strategic guidance, focuses on objectives and key work, and relies on the long-term accumulated experience of the company
Management and technical advantages, actively control costs, adjust product prices, and overcome the problems of RMB appreciation and raw materials
Operating pressures such as rising prices and rigid growth of labor costs have led to orderly operation and management and project construction
To promote and maintain good business performance.
The company is mainly engaged in the R & D and production of automobile cross shaft universal joint assembly, joint fork and related parts
And sales, the main products are cross shaft universal joint assembly, joint fork and cross shaft. In 2021, the company achieved
The operating income was 354106000 yuan, with a year-on-year increase of 25.53%, and the net profit after deducting non recurring profits and losses was 511864%
Million yuan, a year-on-year increase of 7.33%.
2、 Financial performance in 2021
Increase or decrease of the project from 2021 to 2020 compared with the previous year in 2019
Operating income (yuan): 3541059545628209636947 25.53% 30514281469
Net profit attributable to shareholders of listed company 53011355735291856817 0.18% 5142671844 yuan deduction attributable to shareholders of listed company
Unless the net profit of recurring profit and loss is 51186427784769150458 7.33% (RMB 4700748907)
Cash flow from operating activities 42620126695014179359 - 15.00% 4519854778 net (yuan)
Basic earnings per share (yuan / share) 0.88 - 2.27% 0.86
Diluted earnings per share (yuan / share) 0.88 - 2.27%
Weighted average return on net assets 10.92% - 12.96% - 2.04% - 14.44%
At the end of 2021, the end of 2020, the end of this year is higher than that at the end of 2019
Increase or decrease
Total assets (yuan): 8667439127752779157525 64.22% 47473641667
Net assets attributable to shareholders of listed companies: 77314983443473753034 78.90% 38181896217 yuan
Description of main influencing factors of significant year-on-year changes in relevant data: the company's product structure was not issued in 2021
Significant changes have taken place. The company has achieved synchronous growth in operating revenue and net profit after deducting non recurring profits and losses throughout the year,
The main reasons are the increase of the company's sales scale in 2021, the rise of raw material prices and the increase of transportation costs
Joint influence.
3、 Main financial indicators and analysis
1. Significant changes in the composition of assets and liabilities
Proportion at the end of 2021
Description of significant changes in the proportion of project amount to total capital
Production ratio
Monetary capital 38800759869 44.77% 25336563312 48.00% - 3.23% is mainly due to the increase of raised funds
The company's initial public offering of shares raised funds to accounts receivable 10878461429, 12.55%, 94 Hcr Co.Ltd(688500) 70, 17.94% - 5.39%. The increase of asset scale led to a decrease in the proportion of accounts receivable.
Inventory 7168030927 8.27% 5556163233 10.53% - 2.26%
Investment real estate 167171380 0.19% 183425302 0.35% - 0.16%
Fixed assets 7904479152 9.12% 6588382034 12.48% - 3.36% raised investment plant to fixed assets and equipment purchase
Construction in progress 139462526 0.16% 625666096 1.19% - 1.03% construction in progress transferred to fixed assets
Use right assets 82884190 0.10% 0.10%
Short term loan 0.00%
Contract liabilities 420429563 0.49% 307146571 0.58% - 0.09%
Lease liabilities 33157515 0.04% 70174715 0.04%
2. Analysis of cost changes
Description of significant changes in the year-on-year increase or decrease of the project from 2021 to 2020
The sales expenses and three guarantees increased. The sales and transportation expenses of the current period are listed as 835395092736679586 13.40% of the operating cost
It is mainly due to the increase of income, corresponding expenses, management expenses 1365206250, 995056306 and 37.20% increase, as well as listing related expenses.
Financial expenses -424120604 -106229644 299.25% due to the increase of interest income in the current period
R & D expenses 16088096571261616879 27.52%
3. Cash flow analysis
Year on year increase or decrease of the project from 2021 to 2020
Subtotal of cash inflow from operating activities 3277305370627004127762 21.36%
Subtotal of cash outflow from operating activities 2851104103721989948403 29.65%
Cash flow from operating activities 42620126695014179359 - 15.00% net
Subtotal of cash inflow from investment activities 20896173106763523 - 80.43%
Subtotal of cash outflow from investment activities 184390795281038474076167559%
Net cash flow from investing activities -18418183355 -931710553187681%
Subtotal of cash inflow from financing activities 30832000000
Subtotal of cash outflow from financing activities 2134447198133962258149332%
Net amount of cash flow from financing activities: 28697552802 -1339622582152212%
Net increase of cash and cash equivalents 144741965573786105191 282.30%
Main influencing factors of significant year-on-year changes in relevant data: cash flow from investment activities
The significant change in net amount is mainly due to the cash management of the investment in projects invested with raised funds and idle funds in the current period.
Significant changes in net cash flow from financing activities are mainly due to the company's initial public offering in the current period
Due to the arrival of raised funds from stocks. The net increase in cash and cash equivalents was mainly due to the receipt of initial public
Due to the raised funds from the shares of the development bank.
Board of directors of Hangzhou Zhengqiang transmission Co., Ltd
April 21, 2022
