Wondershare Technology Group Co.Ltd(300624)
Financial statement of 2021
Wondershare Technology Group Co.Ltd(300624) (hereinafter referred to as “the company”) has audited and verified the 2021 financial statements and notes by Dahua Certified Public Accountants (special general partnership), and issued an unqualified audit report of Dahua Shen Zi [2022] No. 007408 standard. In combination with the company’s accounting statement data, the company’s financial statements in 2021 are reported as follows:
1、 Main financial data of 2021
Unit: Yuan
Year on year increase or decrease of the project in 2021 and 2020
Total operating income 10291581027797647743998 5.39%
Net profit attributable to 278455276412523798265 – 77.77% of ordinary shares of listed companies
Basic earnings per share (yuan / share) 0.22 0.97 – 77.32%
Weighted average return on net assets 3.28%, 15.86% – 12.58%
Year on year increase and decrease of the project at the end of 2021 and the beginning of 2021
Total assets: 12108937177%
8797239159287033623891 1.08% owner’s equity attributable to shareholders of listed companies
Share capital (shares) 1299580370012994704000 0.01%
Net assets attributable to shareholders of listed companies per 6.77 6.70 1.04% share (yuan / share)
During the reporting period, the company’s operation was good. In 2021, the total operating revenue was 1029158100 yuan, an increase of 5.39% over the same period of the previous year; The net profit attributable to the shareholders of the listed company was 278455 million yuan, a decrease of 77.77% over the same period of the previous year.
2、 Financial status of the company
1. Analysis of major changes in asset items
Unit: Yuan
End of 2021 beginning of 2021
Proportion of the project in the total capital to the year-on-year increase or decrease in the total capital
Monetary capital 45985731380 29.84% 12174179291 10.96% 277.73%
Accounts receivable 3492105805 2.27% 2371267815 2.13% 47.27%
Trading financial assets 20151545834 13.08% 36805712051 33.12% – 45.25%
Investment in other equity instruments: 506642175 0.33% 2633185680 2.37% – 80.76%
Intangible assets 3744178575 2.43% 205799777 0.19% 171933%
Right of use assets 2032670532 1.32% 2953362518 2.66% – 31.17%
Goodwill 31643415999 20.54% 14845973955 13.36% 113.14%
Other non current assets 1 Huafang Co.Ltd(600448) 5579 10.39% 9815959830 8.83% 63.05%
Total assets 154089328147 100.00% 111121779971 100.00% 38.67%
Description of changes:
(1) During the reporting period, monetary funds increased by 277.73% over the beginning of the year, mainly due to the raised funds received from the issuance of convertible corporate bonds in the current period.
(2) During the reporting period, accounts receivable increased by 47.27% over the beginning of the year, mainly due to the merger of accounts receivable by Hangzhou Gexiang Technology Co., Ltd., a subsidiary acquired in the current period.
(3) During the reporting period, trading financial assets decreased by 45.25% compared with the beginning of the year, mainly due to the recovery of bank structured deposits at the end of the period.
(4) During the reporting period, the investment in other equity instruments decreased by 80.76% compared with the beginning of the year, mainly due to the disposal of Zhejiang weiouxi Technology Co., Ltd. and the provision of changes in the fair value of investments in Huizhou Ruishi Intelligent Control Technology Co., Ltd. and Shenzhen duodu Technology Co., Ltd.
(5) During the reporting period, intangible assets increased by 171933% over the beginning of the year, mainly due to the acquisition of a state-owned construction land use right and resource materials in Changsha by the subsidiary Wondershare Technology Group Co.Ltd(300624) (Hunan) Co., Ltd.
(6) During the reporting period, the right to use assets decreased by 31.17% compared with the beginning of the year, mainly due to the depreciation of right to use assets in the current period due to the implementation of the new lease standard.
(7) During the reporting period, the goodwill increased by 113.14% over the beginning of the year, mainly due to the acquisition of the equity of Hangzhou Gexiang Technology Co., Ltd.
(8) During the reporting period, other non current assets increased by 63.05% over the beginning of the year, mainly due to the advance payment for building purchase in Changsha, Hunan in the current period.
2. Analysis of major changes in liability items
Unit: Yuan
End of 2021 beginning of 2021
Proportion of project to total capital to total assets year-on-year increase or decrease in assets
Bonds payable 35692725617 23.16% 0.00% 100.00%
Lease liabilities 825776403 0.54% 1833870466 1.65% – 54.97%
Long term accounts payable 10317859540 6.70% 63 Shanghai Pudong Development Bank Co.Ltd(600000) 00 5.72% 62.23%
Total liabilities 66143596929 42.93% 26499298574 23.85% 149.61%
Description of changes:
(1) During the reporting period, bonds payable increased by 100% over the beginning of the year, mainly due to the issuance of convertible corporate bonds in the current period.
(2) During the reporting period, the lease liability decreased by 54.97% compared with the beginning of the year, mainly due to the payment of house lease payments in the current period.
(3) During the reporting period, the long-term accounts payable increased by 62.23% over the beginning of the year, mainly due to the acquisition of the equity of Hangzhou Gexiang Technology Co., Ltd. in this period, and some of the acquisition funds will be paid in the future.
3. Cost and expense analysis
Unit: Yuan
Year on year increase or decrease of the project in 2021 and 2020
Operating cost 46480582945028463132 – 7.57%
Sales expenses 4824121571744082038310 9.44%
Administrative expenses 1464505356014205953633 3.09%
R & D expenses 3281109018121860933950 50.09%
Financial expenses 101845985923845687417104%
Description of changes:
(1) During the reporting period, R & D expenses increased by 50.09% over the same period of last year, mainly due to the increase of R & D personnel and the corresponding increase of R & D expenses.
(2) During the reporting period, the financial expenses increased by 417104% over the previous year, mainly due to the increase in interest expenses due to the issuance of convertible corporate bonds in the current period.
4. Cash flow
Unit: Yuan
Year on year increase or decrease of the project in 2021 and 2020
Net cash flow from operating activities 1419883887019535783151 – 27.32%
Net cash flow from investment activities -8135508579 -13041269947 37.62%
Net cash flow from financing activities 27139601102 – 4380720105 719.52%
Net increase in cash and cash equivalents 330953345 Huolinhe Opencut Coal Industry Corporation Limited Of Inner Mongolia(002128) 292568145502%
Description of changes:
(1) During the reporting period, the net cash flow from investment activities increased by 37.62% year-on-year, mainly due to the increase in the recovery of bank structured deposits in the current period.
(2) During the reporting period, the net cash flow from financing activities increased by 719.52% year-on-year, mainly due to the raised funds received from the company’s issuance of convertible bonds in the current period.
At the end of the reporting period, the company was in good financial condition, with total assets of 1540893300 yuan, an increase of 38.67% over the beginning of the period; The owner’s equity attributable to the shareholders of the listed company was 879723900 yuan, an increase of 1.08% over the beginning of the period; The net assets per share attributable to the shareholders of the listed company were 6.77 yuan, an increase of 1.04% over the beginning of the period.
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Wondershare Technology Group Co.Ltd(300624) board of directors
April 22, 2022
