Securities code: Sichuan Etrol Technologies Co.Ltd(300370) securities abbreviation: St security control announcement Code: 2022041 Sichuan Etrol Technologies Co.Ltd(300370)
Financial statement report of 2021
The financial statements of Sichuan Etrol Technologies Co.Ltd(300370) (hereinafter referred to as “the company”) for 2021 are prepared in accordance with the provisions of the accounting standards for business enterprises, and fairly reflect the financial position of the company as of December 31, 2021 and the operating results and cash flow of 2021 in all material aspects. The company’s financial statements have been audited by Beijing Xinghua Certified Public Accountants (special general partnership) and an audit report with (2022) Jinghui Xingshen Zi No. 65 Konka Group Co.Ltd(000016) qualified opinion has been issued. The main financial data reflected in the consolidated financial statements of 2021 are reported as follows:
1、 Main operating results and financial status during the reporting period
Unit: 10000 yuan
Increase or decrease of the project from 2021 to 2020 over the previous year (%)
Operating income 55938536330220 – 11.63%
Net profit attributable to shareholders of listed companies -866355 -4133337 -109.60%
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -7307156 -4003740 -82.51%
Net cash flow from operating activities 597.65 -108136 155.27%
Basic earnings per share (yuan / share) -0.9051 -0.4318 -109.61%
Diluted earnings per share (yuan / share) -0.9051 -0.4318 -109.61%
Increase or decrease of the project from the end of 2021 to the end of 2020 over the previous year (%)
Total assets 2375202329893496 – 20.54%
Owner’s equity attributable to shareholders of listed companies -4068524447238 -191.48%
2、 Financial situation analysis
1. Analysis of asset composition
At the end of the reporting period, the composition of the company’s assets is shown in the following table:
December 31, 2021 January 1, 2021 proportion change project amount in total assets amount in total assets increase or decrease
(10000 yuan) proportion (%) (10000 yuan) proportion (%) (%)
Monetary capital 663667 2.79% 595625 1.99% 0.80%
Trading financial assets 316870 1.33% 510934 1.70% – 0.37%
Derivative financial assets 0.00 0.00% 0.00 0.00% 0.00%
Notes receivable 1223394 5.15% 1920790 6.41% – 1.26%
Accounts receivable 5110743 21.52% 5968876 19.91% 1.61%
Receivables financing 5.00 0.00% 20.00 0.01% – 0.01%
Prepayment 354035 1.49% 464306 1.55% – 0.06%
Other receivables 655561 2.76% 1247547 4.16% – 1.40%
Inventory 1816412 7.65% 2592563 8.65% – 1.00%
Contract assets 669407 2.82% 710808 2.37% 0.45%
Non current assets due within one year: 1638249 6.90% 1015272 3.39% 3.51%
Other current assets 232908 0.98% 420767 1.40% – 0.42%
Total current assets 12681746 53.39% 15449487 51.55% 1.85%
Long term receivables 0.00 0.00% 1767764 5.90% – 5.90%
Long term equity investment 377127 1.59% 341207 1.14% 0.45%
Investment real estate 4717603 19.86% 279754 0.93% 18.93%
Fixed assets 2676334 11.27% 2867955 9.57% 1.70%
Construction in progress 840.64 0.35% 3363592 11.22% – 10.87%
Right of use assets 859.42 0.36% 892.35 0.30% 0.06%
Intangible assets 442449 1.86% 757656 2.53% – 0.67%
Development expenditure 235154 0.99% 158892 0.53% 0.46%
Goodwill 900130 3.79% 2436274 8.13% – 4.34%
Long term deferred expenses 549.83 0.23% 259.58 0.09% 0.14%
Deferred income tax assets 1266956 5.33% 1192125 3.98% 1.35%
Other non current assets 229534 0.97% 1242186 4.14% – 3.17%
Total non current assets 11070277 46.61% 14522599 48.45% – 1.85%
Total assets 23752023 100.00% 29972087 100.00%
The total assets of the company decreased by 20.75% compared with the beginning of the period, among which the statement items with large changes are as follows:
(1) Trading financial assets: decreased by 37.98% at the end of the period compared with the beginning of the period, mainly due to the transfer of trading financial assets to long-term equity investment in the reporting period;
(2) Notes receivable: a decrease of 36.31% at the end of the period compared with the beginning of the period, mainly due to the derecognition of endorsed or discounted notes that the company did not derecognize at the end of the previous period in the current period;
(3) Other receivables: decreased by 47.45% at the end of the period compared with the beginning of the period, mainly due to the recovery of the margin and the adjustment of the equity transfer receivable from security control Dinghui to long-term investment in the reporting period;
(4) Non current assets due within one year: an increase of 61.36% at the end of the period compared with the beginning of the period, mainly due to the reclassification of the company’s long-term receivables to non current assets due within one year in the reporting period;
(5) Other current assets: decreased by 44.65% at the end of the period compared with the beginning of the period, mainly due to the reclassification of the withholding tax in the current period to the account of accounts receivable and the deduction of the court’s temporary withholding at the end of the previous period in the current reporting period;
(6) The decrease of long-term receivables from the beginning of the period to the end of the period is mainly due to the decrease of 100% of long-term receivables;
(7) Investment real estate: an increase of 158634% at the end of the period compared with the beginning of the period, mainly due to the transfer of construction in progress into investment real estate in the reporting period;
(8) Construction in progress: the end of the period decreased by 97.50% compared with the beginning of the period, mainly due to the transfer of construction in progress into investment real estate in the reporting period;
(9) Intangible assets: decreased by 41.60% at the end of the period compared with the beginning of the period, mainly due to the transfer of intangible assets into investment real estate in the reporting period;
(10) Development expenditure: increased by 48.00% at the end of the period compared with the beginning of the period, mainly due to the capitalization of R & D projects in the reporting period;
(11) Goodwill: decreased by 63.05% at the end of the period compared with the beginning of the period, mainly due to the provision for goodwill impairment in the reporting period; (12) Long term deferred expenses: increased by 111.82% at the end of the period compared with the beginning of the period, mainly due to the decoration expenses of new Yibin plant in the reporting period;
(13) Other non current assets: decreased by 81.52% at the end of the period compared with the beginning of the period, mainly due to the impairment of long-term investment accrued by Dongwang intelligent and the transfer of advance decoration payment to investment real estate and construction in progress in the current period.
2. Analysis of liability composition
At the end of the reporting period, the composition of the company’s liabilities is shown in the following table:
December 31, 2021 January 1, 2021 proportion of project amount to total liabilities amount to total liabilities (RMB 10000) proportion (%) (RMB 10000) proportion (%) (%)
Short term loan 8819258 32.18% 10104379 41.02% – 8.83%
Notes payable 0.00 0.00% 149.65 0.06% – 0.06%
178901% accounts payable
Advance payment 982.32 0.36% 519.60 0.21% 0.15%
Contract liabilities 756439 2.76% 854058 3.47% – 0.71%
Payroll payable 341047 1.24% 343540 1.39% – 0.15%
Tax payable 257465 0.94% 361631 1.47% – 0.53%
Other payables 6346461 23.16% 3034305 12.32% 10.84%
Liabilities held for sale 0% 0% 0%
Non current liabilities due within one year 2023843 7.39% 2436837 9.89% – 2.5%
Other current liabilities 676998 2.47% 637112 2.59% – 0.1
