Changshu Guorui Technology Co.Ltd(300600)
Financial statement report of 2021
1、 Overall operation of the company in 2021
In 2021, the company’s (consolidated) operating income was 22008974781 yuan, a decrease of 42.78% over the same period of the previous year. The operating profit and net profit were -31708761799 yuan and -26920638989 yuan respectively, a decrease of – 505.02% and – 494.79% over the same period of the previous year. The net profit attributable to the shareholders of the parent company was -26808525586 yuan, a decrease of – 493.15% over the same period of the previous year. In this year, the company accrued impairment loss of credit assets of -17356671415 yuan, an increase of 145902% over the same period of last year; The provision for asset impairment loss was -9844629951 yuan, which was 0 in the same period of last year.
2、 Audit of financial report in 2021 and changes in consolidation scope
The balance sheet of the company’s parent company and merger on December 31, 2021, the profit statement of the parent company and merger in 2021, the cash flow statement and notes of the parent company and merger in 2021 have been audited by Dahua Certified Public Accountants (special general partnership), and Dahua Shen Zi [2022] No. 0010999 unqualified opinion (with emphasis paragraph) audit report has been issued. There are three items emphasized in this paragraph, namely:
1. As of the date of issuance of the audit report, a series of civil litigation cases between the company and Nanjing Changjiang Electronic Information Industry Group Co., Ltd., Fushen Industrial Company and Harbin comprehensive bonded Group Co., Ltd. due to multi mesh cloud data processing communication machine business have been rejected by the relevant courts due to criminal filing, and the company will file a lawsuit within the legal time limit. 2. As of December 31, 2021, due to the multi mesh cloud data processing communication machine sales business carried out by Fushen Industrial Company and Harbin comprehensive bonded Group Co., Ltd., the company has formed a closing balance of 14801377540 yuan from the above companies, and has fully accrued bad debt reserves. The recovery of the above funds is uncertain.
3. As of December 31, 2021, there were 14729665151 yuan of finished products of multi mesh cloud data processing communication machine business in the company’s warehouse, and 9844629951 yuan of inventory falling price reserves had been withdrawn according to the standards. There is uncertainty in the subsequent performance of the above contracts.
The change of consolidation scope in this period is that Zhejiang beikun Intelligent Technology Co., Ltd., a newly added subsidiary included in the consolidated statements, has consolidated assets of 945929825 yuan and net profit of -214008099 yuan in this period.
3、 Main accounting data and financial indicators in 2021
1. Main accounting data
20212020 year-on-year increase or decrease 2019
Operating income (yuan) 2200897478138463479420 – 42.78% 48613313594
– 268085255866818924305 – 493.15% net profit attributable to shareholders of listed company 8616985449 yuan attributable to shareholders of listed company
Net profit after deducting non recurring profit and loss -271336785465484767409 -594.71% 5778100913 (yuan)
Net cash flow from operating activities -6015514623 -3231971831 -86.13% – 15114450146 (yuan)
Basic earnings per share (yuan / share) -0.90 0.23 – 491.30% 0.28
Diluted earnings per share (yuan / share) -0.91 0.23 – 495.65% 0.28
Weighted average return on net assets – 26.38%, 5.81% – 32.19%, 7.60%
Increase or decrease in the end of 2021 and 2020 compared with the end of 2019
Total assets (yuan) 127945105927181731882201 – 29.60% 204115026480
86619184220116722343006 – 25.79% of 112521048452 net assets attributable to shareholders of listed companies (yuan)
2. Description of changes in main financial indicators:
(1) The operating revenue in the reporting period was 22008974781 yuan, a decrease of -16454504639 yuan or – 42.78% year-on-year compared with 38463479420 yuan in the same period of last year, mainly due to the year-on-year decrease of -9334764293 yuan or – 45.70% in the revenue of ship engine room automation system in this year.
(2) During the reporting period, the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was -27133678546 yuan, a decrease of -32618445955 yuan or -594.71% compared with 5484767409 yuan in the same period of the previous year, mainly due to the company’s large provision for impairment loss of -27201301366 yuan and operating profit loss of -4507460433 yuan.
(3) The total assets at the end of the reporting period was 127945105927 yuan, a decrease of -53786776274 yuan or – 29.60% compared with the opening balance of 181731882201 yuan, mainly due to the impairment loss of assets related to communication machine business of -2464 Tibet Tourism Co.Ltd(600749) 1 yuan in the current period (including credit impairment loss of -14801377540 yuan and inventory impairment loss of -9844629951 yuan); The notes receivable of communication machine business recovered 13288528 million yuan in the current period, and the monetary capital decreased by -9683647112 yuan.
(4) The owner’s equity attributable to the parent company at the end of the reporting period was 86619184220 yuan, a decrease of – Xi’An Sinofuse Electric Co.Ltd(301031) 58786 yuan or – 25.39% compared with the opening balance of 116722343006 yuan, mainly due to the net profit loss of -26920638989 yuan this year.
4、 Financial status and operation of the company
(I) balance sheet and changes at the end of 2021
As of December 31, 2021, the total assets of the company are 127945105927 yuan, of which the total current assets are 80141480392 yuan, accounting for 62.64% of the total assets; The non current assets accounted for rmb8025536% of the total assets. The total assets at the end of the period decreased by -53786776274 yuan or – 29.60% year-on-year, mainly due to the decrease of -29766121276 yuan in notes receivable, -9801508866 yuan in inventory and -9683647112 yuan in monetary funds in the current period.
As of December 31, 2021, the total liabilities of the company are 40862655645 yuan, including current liabilities of 40758379532 yuan, accounting for 99.74% of the total liabilities. Among the current liabilities, the bank loan is 17500000000 yuan, accounting for 42.94% of the current liabilities. The current liabilities at the end of the period decreased by – 24120659663 yuan or 37.18% year-on-year, mainly due to the contract liabilities of communication machine business of 20299657699 yuan at the beginning of the period and 4323040000 yuan at the end of the period, a decrease of – 15875590770 yuan or – 76.93%, mainly due to the book adjustment of the business of Harbin comprehensive bonded Group Co., Ltd., which was transferred into other receivables and the corresponding impairment loss was accrued.
As of December 31, 2021, the owner’s equity was 87082450282 yuan, of which the share capital was 29423448000 yuan, accounting for 33.79%; The capital reserve is 31819953137 yuan, accounting for 36.54%; The undistributed profit was 18204681984 yuan, accounting for 20.91%. The owner’s equity at the end of the period decreased by -29639892724 yuan or – 25.39% year-on-year, mainly due to the net profit loss of -26920638989 yuan this year.
The main changes are as follows:
Unit: Yuan
No. project closing balance opening balance increase / decrease ratio
1 monetary capital 1076629169820449938810 – 47.35%
2 notes receivable 39141771 Guangxi Liuzhou Pharmaceutical Co.Ltd(603368) 0298436 – 88.38%
3. Accounts receivable 3976981891441397614359 – 3.93%
4. Receivables financing 25264235062213215432 14.15%
5. Prepayment 367267410310490738029 – 64.99%
6 other receivables 32074176697291263 229.67%
7 inventory 1904615699928847665865 – 33.98%
8. Total current assets 80141480392138462385611 – 42.12%
9. Deferred income tax assets 5483710956670886208 717.38%
10. Total non current assets 4780362553543269496590 10.48%
11. Total assets 127945105927181731882201 – 29.60%
12 short term loan 175000 China Vanke Co.Ltd(000002) 0500000000 – 14.63%
13 contract liabilities 476087489620636465666 – 76.93%
14 other current liabilities 35889137365389048425 – 33.40%
15 total current liabilities 4075837953264879039195 – 37.18%
16 total liabilities 4086265564565009539195 – 37.14%
17 undistributed profit 1820468198446484379970 – 60.84%
18. Total shareholders’ equity attributable to the parent company 86619184220116722343006 – 25.79%
19. Total shareholders’ equity 87082450282116722343006
