Nanning Sugar Industry Co., Ltd
Securities code: Nanning Sugar Industry Co.Ltd(000911) securities abbreviation: Nanning Sugar Industry Co.Ltd(000911) Announcement No.: 2022018
Nanning Sugar Industry Co.Ltd(000911)
Announcement of 2021 annual financial statement report
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
In accordance with the company law of the people’s Republic of China, the articles of association, the rules of procedure of the budget committee of the board of directors and other relevant provisions and requirements, the financial statements of Nanning Sugar Industry Co.Ltd(000911) (hereinafter referred to as “the company”) in 2021 are reported as follows:
1、 Realized operating income and profit
1. This year, the company achieved operating income (consolidated statements) of 323333 million yuan, a decrease of 8.85% over 354741 million yuan of the previous year, and realized total profit of – 43.28 million yuan, a decrease of 152.30% over 82.75 million yuan of the previous year; The net profit was – 64.25 million yuan, a decrease of 191.15% over the previous year’s 70.49 million yuan, of which the net profit attributable to the owner of the parent company was – 53.65 million yuan, a decrease of 222.35% over the previous year’s 43.85 million yuan.
The parent company achieved an operating income of 209341 million yuan, an increase of 3.47% over 202321 million yuan in the previous year, and a total profit of – 92.42 million yuan, an increase of 27.09% over – 72.72 million yuan in the previous year; The net profit was -92.42 million yuan, an increase of 27.09% over the previous year’s -72.72 million yuan.
2. Realization of benefit indicators
Comparison between 2021 and 2020 (%)
Basic earnings per share (yuan / share -0.17, 0.14 -221.43)
Diluted earnings per share (yuan / share -0.17, 0.14 -221.43)
Return on net assets (%)
Net assets per share (yuan / share) 1.24 0.37 235.14 (attributable to the parent company)
The year-end asset liability ratio (%) was 91.17 95.64, a decrease of 4.47 percentage points
3. Reasons for changes in various benefit indicators in 2021:
(1) During the reporting period, the sales revenue of machine-made sugar, the main product, was 242.02 million yuan, an increase of 229074 over the previous year
Nanning Sugar Industry Co., Ltd
10000 yuan, an increase of 5.64%;
(2) The income from bulk commodity trade was 28.93 million yuan, a decrease of 93.86% over the previous year’s 47.152 million yuan; (3) During the reporting period, the orders of epidemic prevention materials of Nanning Qiaohong new materials Co., Ltd. (hereinafter referred to as “Qiaohong company”) and Guangxi Shuya nursing products Co., Ltd. (hereinafter referred to as “Shuya company”), the holding subsidiaries of the company, decreased significantly, and the profit changed greatly;
(4) During the reporting period, the company obtained 64.8 million yuan from the disposal of the land of Nanning natural Paper Co., Ltd;
(5) During the reporting period, the company implemented the new lease standards, recognized the use right assets and lease liabilities, and increased the financial expenses by 62 million yuan.
2、 Assets
Unit: 10000 yuan
Comparison of asset projects at the end of 2021 and 2020 (%)
Current assets 33117828062418.01
Fixed assets 162203178354 -9.06
Intangible assets and long-term assets 9613199120
Deferred expenses -3.02
Right to use assets 119579
Total assets 73364158247825.95
Non current liabilities at the end of the year increased by 25.95% over the beginning of the year, mainly due to the company’s recognition of use right assets of RMB 119579 million.
3、 Asset impairment
In order to truly reflect the company’s financial status and operation as of December 31, 2021, based on the principle of prudence, in accordance with the provisions of accounting standards for Business Enterprises No. 8 – asset impairment and the requirements of annual report audit and internal control audit in 2021, after analysis, the company accrued 441595 million yuan of impairment losses of various assets in 2021, as follows:
Unit: 10000 yuan
Accrual of the current year in the consolidated statement of the project
Credit impairment loss 874.00
Inventory falling price loss 218788
Impairment loss of fixed assets 135407
Total 441595
Nanning Sugar Industry Co., Ltd
1. This year, the provision for bad debts of accounts receivable was 2.787 million yuan, the provision for bad debts of other accounts receivable was 5.473 million yuan, and the provision for bad debts of long-term accounts receivable was 480000 yuan, totaling 8.74 million yuan.
2. Xiangshan sugar factory, Dongjiang sugar factory, Lingli sugar factory, Qiaohong company and Shuya company withdrew 218788 million yuan of falling price reserves for inventories at the end of the period, mainly for the falling price reserves of machine-made sugar and double textile products. 3. Due to the small order volume of Qiaohong’s production line, the impairment loss of fixed assets of Qiaohong’s double spinning production line and melt blown cloth production line is 135407 million yuan.
4、 Liabilities
Unit: 10000 yuan
Comparison of liabilities at the end of 2021 and 2020 (%)
Current liabilities 5007324791894.50
Non current liabilities 16814877916 115.81
Total liabilities 66887955710520.06
The non current liabilities at the end of the year increased by 116% over the beginning of the year, mainly because the company recognized the lease liabilities of RMB 117617 million.
5、 Net assets
Unit: 10000 yuan
Comparison of net assets at the end of 2021 and 2020 (%)
Share capital 4003232408 23.53
Capital reserve 19304614476533.35
Surplus reserve 151060
Undistributed profit -198405 -180154 -10.13
Total net assets (including less 6476125373 155.24)
Number of shareholders’ equity)
Due to the completion of the project of non-public development of shares of 600 million yuan in 2021, the total net assets increased by 154.64%.
The 2021 annual financial statement report needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. 6、 Documents for future reference
1. Resolutions of the 11th meeting of the 7th board of directors;
2. Resolution of the 11th meeting of the 7th board of supervisors.
It is hereby announced.
Nanning Sugar Industry Co., Ltd
Nanning Sugar Industry Co.Ltd(000911) board of directors April 27, 2022
