Western Regions Tourism Development Co.Ltd(300859)
Financial statement report of 2021
The 2021 financial statements of the company have been audited by Lixin Certified Public Accountants (special general partnership) and issued a standard unqualified audit report. The relevant information of the company’s 2021 financial statements (consolidated basis) is reported as follows:
1、 Main accounting data and financial indicators
Unit: 10000 yuan
Increase and decrease rate of the project from 2021 to 2020
Operating income 1494480511871982609 191.96%
Net profit 269506 -437 Fujian Acetron New Materials Co.Ltd(300706) 806 161.63%
269510 -432566702076 162.30% net profit attributable to shareholders of the parent company
Net profit attributable to shareholders of the parent company after deduction of non profit 263518 -468466731984 156.25%
Basic earnings per share (yuan / share) 0.17 -0.33 0.50 151.52%
0.04 -0.07 0.11 157.14% return on net assets attributable to common shareholders (%)
Return on net assets attributable to ordinary shares 0.04 -0.08 0.12 150.00% after deduction (%)
Total share capital at the end of the period 1550 Sichuan New Energy Power Company Limited(000155) 0000 0.00 0.00%
Total assets 7339 Shenzhen Prince New Materials Co.Ltd(002735) 4247 -152.45 -0.21%
Total liabilities 9749371260160 – 285223 – 22.63%
Shareholders’ equity attributable to the parent company 63663376096355269982 4.43%
Net assets attributable to ordinary shareholders for every 4.11 3.93 0.18 4.58% of shares (yuan / share)
Asset liability ratio 13.28%, 17.14% – 0.04 – 3.86%
2、 Financial status, operating results and cash flow analysis
(I) composition of liabilities and changes in assets
By the end of the reporting period, the total assets of the company were 733902 million yuan, basically the same as 7354247 million yuan at the beginning of the year; The total liabilities of the company were 974937 million yuan, a decrease of 22.63% over the beginning of the year.
Unit: 10000 yuan
Proportion of project assets at the end of 2021 year-on-year change of total assets at the beginning of 2021 year-on-year
Current assets:
Monetary capital 2593441 35.34% 1727660 23.49% 50.11%
Trading financial assets 0.00 0.00% 802466 10.91% – 100.00% assets
Accounts receivable 182.85 0.25% 199.47 0.27% – 8.33%
Prepayment 124.52 0.17% 180.81 0.25% – 31.13%
Other receivables 46.87 0.06% 22.08 0.03% 112.27%
Inventory 101.38 0.14% 105.22 0.14% – 3.65%
Other current assets 384.21 0.52% 399.87 0.54% – 3.92%
Total current assets 2677423 36.48% 2620871 35.64% 2.16%
Long term equity investment 863683 11.77% 673872 9.16% 28.17%
Investment real estate 105164 1.43% 108949 1.48% – 3.47%
Fixed assets 1641771 22.37% 1768586 24.05% – 7.17%
Construction in progress 305.89 0.42% 305.89 0.42% 0.00%
Right of use assets 689107 9.39% 750100 10.20% – 8.13%
Intangible assets 1326447 18.07% 1149609 15.63% 15.38%
Deferred income tax assets 48.17 0.07% 62.93 0.09% – 23.45% assets
Other non current assets 0.00 0.00% 245377 3.34% – 100.00% assets
Total non current assets 4661578 63.52% 4733375 64.36% – 1.52%
Total assets 7339002 100.00% 7354247 100.00% – 0.21%
Current liabilities:
Accounts payable 824.73 8.46% 213371 16.93% – 61.35%
Advance payment 92.53 0.95% 0.00 0.00%
Contract liabilities 17.03 0.17% 19.01 0.15% – 10.42%
Payroll payable 564.69 5.79% 78.12 0.62% 622.85%
Tax payable 14.83 0.15% 26.58 0.21% – 44.21%
Other payables 336.48 3.45% 304.27 2.41% 10.59%
101314 10.39% 195831 15.54% – 48.26% non current liabilities due within one year
Other current liabilities 0.32 0.00% 0.32 0.00% 0.00%
Total current liabilities 286375 29.37% 452032 35.87% – 36.65%
Long term loan 500726 51.36% 500581 39.72% 0.03%
Lease liabilities 137.18 1.41% 113883 9.04% – 87.95%
Long term accounts payable 0.00 0.00% 0.00 0.00%
Deferred income 172850 17.73% 191769 15.22% – 9.87%
Deferred income tax burden 12.69 0.13% 18.95 0.15% – 33.03% debt
Total non current liabilities 688562 70.63% 808128 64.13% – 14.80%
Total liabilities 974937 100.00% 1260160 100.00% – 22.63%
The main items with large changes are described as follows:
1. The ending balance of monetary capital was 2593441 million yuan, an increase of 50.11% over the beginning of the period, mainly due to the gradual recovery of tourism industry in the reporting period with the normalization and accuracy of China’s epidemic prevention and control. The number of tourists increased from May to July, the income increased and the monetary capital increased.
2. The ending balance of trading financial assets is RMB million, mainly because the company used the temporarily idle raised funds of RMB 80 million in the previous period for cash management, purchased structural deposits and accounted in the trading financial assets account.
3. The ending balance of prepayments was 1.2452 million yuan, a decrease of 31.13% compared with the beginning of the period, mainly due to the settlement of prepayments in the previous period.
4. The ending balance of other receivables was 468700 yuan, an increase of 112.27% over the beginning of the period, mainly due to the increase of business loans at the end of the current period, which has not been written off.
5. The ending balance of long-term equity investment was 863683 million yuan, an increase of 28.17% over the previous period, mainly due to the investment in the establishment of 40% shares of Xinjiang Tianshan Tianchi tianyongcheng Tourism Co., Ltd. and subordinate joint ventures to turn losses into profits, and the loss reduction of joint ventures.
6. The ending balance of fixed assets was 1641771 million yuan, a decrease of 7.17% compared with the previous period, mainly because the company implemented the new leasing standards in the current period and adjusted the fixed assets under financing lease in 2017 to the account of right of use assets.
7. The ending balance of right of use assets is 689107 million yuan and the beginning balance is 75.01 million yuan, mainly because the accumulated depreciation of right of use assets is accrued in the current period.
8. The ending balance of other non current assets was RMB 10000, a decrease of 100% compared with the previous period, which was mainly due to the transfer of booth franchise right to intangible assets in the current period.
9. The ending balance of accounts payable was 8.2473 million yuan, and the opening balance was 213371 million yuan, a decrease of 61.35% compared with the beginning of the period, mainly due to the company’s payment of 2.1952 million intermediary expenses, 3 million yuan of Shaanxi Hantang project payment in the early stage and 6.575 million yuan of operating vehicle purchase payment in the current period.
10. The ending balance of employee compensation payable was 5.6469 million yuan, and the beginning balance was 781200 yuan, an increase of 622.85% compared with the beginning of the period, which was mainly due to the gradual recovery of tourism in the current period, the increase in the number of tourists from May to July, the increase in income and the increase in business performance, and the provision of year-end bonus according to the salary assessment system.
11. The closing balance of non current liabilities due within one year was 101314 million yuan, and the opening balance was 15.831 million yuan, a decrease of 48.26%, mainly due to the return of long-term accounts payable.
(II) analysis of operating results
In 2021, the company’s operating revenue was 149448000 yuan, an increase of 191.96% year-on-year in 2020, and the net profit attributable to the owner of the parent company was 26951000 yuan, an increase of 162.30% year-on-year in 2020. The main data are as follows:
Unit: 10000 yuan
Project 2021 2
