Financial statement report of 2021
1、 Basic information of financial final accounts in 2021
Tianzhi International Certified Public Accountants (special general partnership) audited the company’s financial statements and issued the audit report of Tianzhi Zi [2022] No. 22262. It is believed that the company’s financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects and fairly reflect the company’s consolidated and parent company’s financial position as of December 31, 2021 and the consolidated and parent company’s operating results and cash flow in 2021. In 2021, the company realized operating income of 40608417 million yuan, net profit of 556212 million yuan, total assets of 16628288 million yuan, total liabilities of Zhejiang Orient Financial Holdings Group Co.Ltd(600120) 4 million yuan and owner’s equity of 10627084 million yuan (including owner’s equity of 10607851 million yuan and minority shareholder’s equity of 1.9233 million yuan).
2、 Main accounting data and financial indicators
Unit: 10000 yuan
Changes of the project from 2021 to 2020
Operating income 4060841732701209 24.18%
Operating profit 5952301243621 – 52.14%
Total profit 6396851279135 – 49.99%
Net profit 5562121049339 – 46.99%
Net profit attributable to the owner of the parent company: 5409801049339 – 48.45%
Net profit attributable to shareholders of parent company 4502621 Guocheng Mining Co.Ltd(000688) – 55.00% after deducting non recurring profit and loss
Net cash flow from operating activities -258746 -121942 -112.19%
Basic earnings per share (yuan / share) 0.5975 1.3157 – 54.59%
Diluted earnings per share (yuan / share) 0.5975 1.3157 – 54.59%
Weighted average return on net assets: 5.13%, 15.83% – 10.7%
Changes of the project from 2021 to 2020
Total assets 1662828816333281 1.81%
Total liabilities Zhejiang Orient Financial Holdings Group Co.Ltd(600120) 45973724 0.46%
1060785110359557 2.40% owner’s equity attributable to shareholders of listed companies
Net assets attributable to shareholders of listed companies per 11.61 16.02 – 27.53% shares (yuan / share)
3、 Financial position, operating results and cash flow analysis
(I) assets, liabilities and net assets
1. Composition and changes of assets
As of December 31, 2021, the total assets of the company were 16628288 million yuan, an increase of 295007 million yuan or 1.81% over the beginning of the year. The composition and changes of main assets are as follows:
Unit: 10000 yuan
Changes of the project from December 31, 2021 to December 31, 2020
day
Total current assets 1468231515496656 – 5.25%
Including: monetary capital 51627553394388 52.10%
Trading financial assets 3000000 – 100.00%
Accounts receivable 14254651162747 22.59%
Prepayment 71432856745584 5.90%
Other current assets 8431121096425 – 23.10%
Total non current assets 1945973836625 132.60%
Including: long term equity investment 161537139829 15.52%
Endowment
Investment in other equity instruments 123244 0.00%
Investment real estate 971.67 not applicable
Fixed assets 1482104548617 170.15%
Right of use assets 458.53 not applicable
Deferred income tax assets 292.62 180.18 62.40%
Total assets 1662828816333281 1.81%
(1) The total current assets at the end of 2021 was 1468231600 yuan, a decrease of 81.434 million yuan or 5.25% over the end of the previous year. The main reasons for the change are as follows:
① Monetary capital increased by 52.10% compared with the end of the previous period, mainly due to the company’s cash management;
② Trading financial assets decreased by 300 million yuan compared with the end of the previous period, mainly due to the due redemption of structured deposits; ③ Accounts receivable increased by 22.59% compared with the end of the previous period, mainly due to the increase of large and medium-sized customers with good credit and the company’s granting them a certain credit account period;
④ Other current assets decreased by 23.10% compared with the end of the previous period, mainly due to the due redemption of corporate financial products.
(2) At the end of the year, the total amount of non current assets was RMB 19.493 million, an increase of 11.039 million over the previous year, mainly due to the following reasons:
① The long-term equity investment increased by 15.52% compared with the end of the previous period, mainly due to the company’s increase in foreign investment; ② The investment real estate increased by 9.7167 million yuan compared with the end of the previous period, which is mainly due to the company renting out some overseas real estate;
③ Fixed assets increased by 170.15% compared with the end of the previous period, mainly due to the company’s purchase of office properties;
④ The right to use assets increased by 4.5853 million yuan compared with the end of the previous period, mainly due to the adoption of the new leasing standards by the company in 2021;
⑤ Deferred income tax assets increased by 62.40% compared with the end of the previous period, mainly due to the increase of large and medium-sized customers with good credit and the company’s granting them a certain credit accounting period.
2. Debt structure and changes
As of December 31, 2021, the total liabilities of the company were Zhejiang Orient Financial Holdings Group Co.Ltd(600120) 4 million yuan, an increase of 2.748 million yuan or 0.46% over the beginning of the year. The composition and changes of main liabilities are as follows:
Unit: 10000 yuan
Changes of the project from December 31, 2021 to December 31, 2020
Total current liabilities 59922185973724 0.31%
Including: accounts payable 22897771857010 23.30%
Contract liabilities 31041833557576 – 12.74%
Payroll payable 134810129052 4.46%
Tax payable 807.45119993 – 32.71%
Other payables 162130 966.37 67.77%
Non current liabilities due within one year 343.22 are not applicable to current liabilities
Other current liabilities 186251213455 – 12.74%
Total non current liabilities 89.86
Lease liability 89.86 not applicable
Total liabilities Zhejiang Orient Financial Holdings Group Co.Ltd(600120) 45973724 0.46%
(1) At the end of the year, the total current liabilities increased by 18.494 million yuan, mainly due to the following reasons:
① Accounts payable increased by 23.30% compared with the end of the previous period, mainly due to the increase in the business scale of the company and the increase in the credit line given by media suppliers;
② Contract liabilities decreased by 12.74% compared with the end of the previous period, mainly due to the credit account period given by the company to large and medium-sized customers with good credit;
③ Other payables increased by 67.77% compared with the end of the previous period, mainly due to the recognition of repurchase obligations by the company’s equity incentive;
(2) The total amount of non current liabilities at the end of 2021 was 898600 yuan, an increase of 898600 yuan compared with the end of the previous year, which was mainly due to the increase of lease liabilities in 2021 by the company using the new lease standards.
3. Net assets
Unit: 10000 yuan
Changes of the project from December 31, 2021 to December 31, 2020
Share capital 913710646700 41.29%
Capital reserve 55745725673806 – 1.75%
Other comprehensive income
