Beijing Relpow Technology Co.Ltd(300593)
Report on the company’s final financial statements in 2021
In 2021, the company’s management team focused on the annual business objectives set by the board of directors, and through the unremitting efforts of the company’s management and employees, the company’s business performance and financial status of the company’s assets were good. The company’s 2021 financial statements were audited and verified by Zhonghui certified public Accountants (special general partnership) and issued a standard unqualified audit report. The company’s 2021 financial statements are as follows:
During the reporting period, the company achieved an operating income of 1477721400 yuan, a year-on-year increase of 75.37%; The net profit attributable to the parent company was 273687800 yuan, a year-on-year increase of 122.02%.
1、 Main business indicators
Unit: Yuan
The year 2021 to 2020 is higher than that of 2019
Annual increase or decrease
Operating income 14777241479184262431317 75.37% 77234608294 (yuan) belongs to listed companies
2736877568512326916591 122.02% of the company’s shareholders’ 62233880279 net profit (yuan) belongs to the shareholders of the listed company
Net profit (yuan) from operating activities after deducting non recurring profits and losses of 27148144024, 10766901498, 152.14% and 5677979221
Cash flow generated -65084916991638373979 -497.25% net amount of 6692740741 (yuan)
Basic earnings per share 1.03 0.74 39.19% 0.38 (yuan / share)
Diluted earnings per share 1.03 0.74 39.19% 0.38 (yuan / share)
Weighted average return on net assets 28.64%, 17.04%, 11.60%, 10.61%
Asset liability ratio 47.99%, 41.08%, 6.91%, 41.86%
Current ratio 1.65 2.01 -0.36 2.42 (Times)
Quick ratio 0.94 1.21 -0.27 1.60 (Times)
2、 Assets
Unit: Yuan
Year on year increase and decrease of the project at the end of 2021 and 2020
Monetary capital 2351935158012455965487 88.82%
Notes receivable 3629898889620613938678 76.09%
Accounts receivable 4 Zhongyan Technology Co.Ltd(003001) 248628089517471 42.51%
Receivables financing 47597140673877019060 22.77%
Inventory 7391579256941646162201 77.49%
Fixed assets 3063811691027264136836 12.38%
Construction in progress 52180006992466634971 111.54%
Goodwill 9216793931 0.00%
Long term equity investment 44897377804481068020 0.19%
Investment real estate 2836190375 Shandong Yuma Sun-Shading Technology Corp.Ltd(300993) 4586 – 5.77%
Intangible assets 52396041393895189203 34.51%
Total assets (yuan): 256921102581166843294937 53.99%
Description of index change:
1. Monetary capital increased by 88.82% at the end of the period compared with the beginning of the period, mainly due to the increase of bank deposits at the end of the reporting period of customers in special industries and the short collection cycle of export business in the communication industry.
There are many ways to settle commercial bills.
3. Accounts receivable at the end of the period increased by 42.51% compared with the beginning of the period, mainly due to the increase of accounts receivable formed by credit sales income due to the increase of income in the reporting period.
4. The inventory at the end of the period increased by 77.49% compared with the beginning of the period, mainly due to the increase in raw material reserves caused by the increase in orders in the reporting period and the increase in orders in special industries, and the long production and acceptance cycle, resulting in a large increase in products in process and goods issued.
5. The construction in progress increased by 111.54% at the end of the period compared with the beginning of the period, mainly due to the increase in the project expenditure of Yongli science and technology park during the reporting period.
6. Intangible assets increased by 34.51% at the end of the reporting period compared with the beginning of the reporting period, mainly because the company’s capitalized R & D projects reached the stage acceptance and were transferred into intangible assets.
3、 Liabilities
Unit: Yuan
End of 2021 end of 2020
Year on year increase or decrease of the project
Short term loan 4205396743320771077909 102.46%
Accounts payable 4330176872120644947853 109.75%
Other payables 6648969211465003814 – 54.61%
Non current debt due within one year: 86103098003563168964 141.65%
Long term loan 83240 Ping An Bank Co.Ltd(000001) 3210000000 – 36.99%
Total liabilities 12330275028468540597312 79.90%
Description of index change:
1. Short term borrowings increased by 102.46% at the end of the period compared with the beginning of the period, mainly due to the rapid growth of the company’s business in the reporting period, the increase of customer order demand, resulting in the increase of material reserve, personnel and employee compensation, resulting in the increase of working capital demand for daily operation.
2. The accounts payable at the end of the period increased by 109.75% compared with the beginning of the period, mainly due to the increase of the company’s customer orders and the increase of raw material reserves during the reporting period.
3. Other payables decreased by 54.61% at the end of the period compared with the beginning of the period, mainly due to the lifting of the ban on equity incentive in the reporting period. 4. Non current liabilities due within one year increased by 141.65% at the end of the period compared with the beginning of the period, mainly due to the increase of long-term borrowings due within one year in the reporting period and the increase of lease liabilities due within one year recognized in accordance with the new lease standards. 5. The long-term borrowings at the end of the period decreased by 36.99% compared with the beginning of the period, mainly due to the reclassification of long-term borrowings due within one year into non current liabilities due within one year, and the repayment of project loans and Bank Of Beijing Co.Ltd(601169) M & A loans of ICBC on schedule.
4、 Owner’s equity
Unit: Yuan
End of 2021 end of 2020
Year on year increase or decrease of the project
Share capital 2659853120016556940000 60.65%
Capital reserve 1873723015022581849627 – 17.03%
Surplus reserve 54376 Shenzhen Breo Technology Co.Ltd(688793) 219676658 68.89%
Undistributed profit 6234509753338270104169 62.91%
Minority shareholders’ equity 2104941507018983297371 10.88%
Total shareholders’ equity 13361835229798302697625 35.93%
Description of index change:
1. The share capital at the end of the period increased by 60.65% compared with the beginning of the period, mainly due to the implementation of the 2020 profit distribution plan, the conversion of capital reserve into share capital and the increase of equity incentive exercise share capital during the reporting period.
2. The surplus reserve at the end of the period increased by 68.89% compared with the beginning of the period, mainly due to the withdrawal of surplus reserve in the reporting period.
3. The undistributed profit at the end of the period increased by 62.91% compared with the beginning of the period, mainly due to the better profit of the company in the reporting period and the increase of net profit attributable to the parent company.
Unit: Yuan
Year on year increase and decrease in 2021 and 2020 year on year increase and decrease rate
Operating income 1477724147918426243131763509710474 75.37%
Operating cost 779102456074358774453634322501071 78.74%
Taxes and surcharges 1298532955834819769463713186 55.55% plus
Sales expense 604341317440079801402035433034 50.78%
Administrative expenses 770235801064564819301245876080 19.30%
R & D expenses 20057904889122913791537766525736 63.19%
Financial expenses 2159496746211826713141229615 1.95%
Credit impairment -1176433369 -174009596 -1 Cofco Capital Holdings Co.Ltd(002423) 773 576.07% loss
Asset impairment -76783217 -369196177292412960 -79.20% loss
