Securities code: Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) securities abbreviation: ST Tianlong Announcement No.: 2022038 30 Huizhou Desay Sv Automotive Co.Ltd(002920) 21 annual report summary I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of Beijing Xinghua Certified Public Accountants (special general partnership) on the company's financial report this year is an unqualified opinion with significant uncertainty of continuous operation. Changes of accounting firm during the reporting period: the accounting firm of the company was changed from zhongxingcai Guanghua accounting firm (special general partnership) to Beijing Xinghua accounting firm (special general partnership) this year. Tips for non-standard audit opinions √ applicable □ not applicable Beijing Xinghua Certified Public Accountants (special general partnership) has issued an unqualified opinion for the company with emphasis and significant uncertainty of going concern. The board of directors and board of supervisors of the company have made detailed explanations on relevant matters, which investors are kindly requested to read. The company was not profitable at the time of listing and has not realized profits at present □ applicable √ not applicable to the profit distribution plan of common shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation ST Tianlong stock code Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name Xiang Xin Zhou Lusheng
Office address: No. 318, Huacheng Road, Jintan Economic Development Zone, Changzhou City, Jiangsu Province
Fax: 051982330395
Tel: 051982686000
E-mail [email protected]. [email protected].
2. Main business or product introduction during the reporting period, the business development direction of the company during the reporting period is investment in new energy power station, new energy EPC project, power station operation and maintenance and sales of new energy equipment.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years √ yes □ no retroactively adjust or restate the reasons for accounting error correction
Unit: Yuan
At the end of 2020, the end of this year is higher than that at the end of 2019 of last year
Increase or decrease at the end of 2021
Before adjustment after adjustment after adjustment before adjustment after adjustment
Total assets 319298837952208079208520812684843 53.42% 97306531799310047187
Net capital attributable to shareholders of the listed company 142953160814568173681806923500 -20.89% 43622575374969798013 production
In 2020, this year increased by 2019 over the previous year
Less in 2021
Before adjustment after adjustment after adjustment before adjustment after adjustment
Operating income 3171709831125256535012146077528 161.13% 718679343718679343
Net profit attributable to shareholders of the listed company -459048197 -3178716955 -3200733708 85.66% - 7543626422 - 7521888079
Deductions attributable to shareholders of listed companies -1044310477 -1938254333 -1960271086 46.73% - 4109188116 - 3983419774 net profit from non recurring gains and losses
Net cash flow from operating activities -1520721923 -2750998842 -2750998842 42 44.72% - 1135495787 - 1135495787
Basic earnings per share (yuan / share) -0.0230 -0.1589 -0.160085.63% - 0.3772 -0.3761
Diluted earnings per share (yuan / share) -0.0229 -0.1589 -0.160085.69% - 0.3772 -0.3761
Weighted average return on net assets -28.98% - 107.7% 08% -104. 32% 72.22% -90.56% -89. 11%
The accounting errors of the company in the early period of 2020 and the reasons for the changes in the equity payment plan are as follows:
(1) The number of the first batch of vested shares is 5% of the total granted shares, and the waiting period is from December 21, 2020 to December 20, 2021. The performance assessment target is that the operating income in 2020 is not less than 100 million yuan.
(2) The number of the second batch of vested shares is 45% of the total granted shares, and the waiting period is from December 21, 2020 to December 20, 2022. The performance assessment target is that the operating revenue in 2021 is not less than 300 million yuan and the net profit is not less than 30 million yuan.
(3) The number of the third batch of vested shares is 50% of the total granted shares, and the waiting period is from December 21, 2020 to December 20, 2023. The performance evaluation target is that the operating revenue in 2022 is not less than 45 million yuan and the net profit is not less than 45 million yuan.
At the end of 2020, the company expects that Liang Yuqing, one of the middle managers and core technologies in the future, will leave, and the number of shares awarded is 170000. As of December 31, 2020, the waiting time has been 11 days. Therefore, the basis of the company in 2020: the number of rights per person the number of people exercising rights in the future period estimated at the end of 2020 the fair value of the grant date the length of the waiting period that has passed / the length of the whole waiting period = (1278 Shenzhen China Bicycle Company (Holdings) Limited(000017) 0000) 6.12 11 / (365 3) = 77525589 yuan. Therefore, in 2020, the company recognized management expenses and capital reserve of 77525589 yuan. Since the grant of shares in batches is not considered to belong to multiple independent equity incentive plans, the cost and equity amount to be recognized are:
(1) The fair value of the shares on the grant date shall be the closing price of the shares on the grant date of 5.23 yuan less the grant price of 2.5 yuan 96 yuan = 2.27 yuan;
(2) Among the core technologies, Liang Yuqing is expected to leave, and the number of granted shares is confirmed as 250000; (3) The expenses to be recognized in the first batch of equity incentive plans = 2.27 (1278 Shenzhen Tellus Holding Co.Ltd(000025) 0000) 5% 11 / 365 = 4285947 yuan; (4) Expenses to be recognized in the second batch of equity incentive plan = 2.27 (1278 Shenzhen Tellus Holding Co.Ltd(000025) 0000) 45% 11 / (365 2) = 19286760 yuan; (5) The expenses to be recognized in the third equity incentive plan = 2.27 (1278 Shenzhen Tellus Holding Co.Ltd(000025) 0000) 50% 11 / (365 3) = 14286489 yuan;
As of December 31, 2020, the book value of the enterprise shall recognize the capital reserve and the corresponding management expenses of 37859195 yuan; The management expenses and capital reserve in 2020 shall be retroactively reduced by 39666394 yuan and 39666394 yuan through the correction of accounting errors in the early stage.
2. Correction of intertemporal errors in revenue and cost
For some new energy power station construction projects and new energy power station operation and maintenance projects in 2020, for the operation and maintenance work that has completed the project construction and obtained the project settlement sheet or has been performed, the consolidated financial data in 2020 are adjusted as follows: increase the main business income by 893512178 yuan, increase the main business cost by 873044027 yuan, increase the accounts receivable by 52216942 yuan, decrease the inventory by 899718192 yuan Contract liabilities decreased by 844250912 yuan, accounts payable decreased by 26674165 yuan and taxes payable increased by 2955676 yuan. 3. As for the error correction of employee compensation across periods, since the company calculated the salary of the last month in the next month in previous years, and did not estimate and calculate the salary of the current December at the end of the year, the employee compensation cost is across periods. Through the correction of accounting errors in the early stage, the retroactive adjustment is as follows: (1) retroactively adjust the consolidated and parent company's financial data in 2020 as follows: the employee compensation payable is increased by 124421176 yuan and the operating cost is increased in the consolidated financial statements
23932318 yuan, 963882 yuan of increased sales expenses and 58468919 yuan of increased management expenses; In the financial statements of the parent company, the employee salary payable was increased by 88350649 yuan, the sales expense was increased by 963882 yuan, and the management expense was increased by 46330710 yuan; (2) Retroactively adjust the financial data of the merger and parent company in 2019 as follows: the consolidated financial statements increase the employee salary payable by 41056057 yuan, reduce the operating cost by 4494543 yuan, increase the sales expense by 3467988 yuan and reduce the management expense by 20711700 yuan 88 yuan; The financial statements of the parent company increased the payroll payable by 41056057 yuan, reduced the operating cost by 4494543 yuan, increased the sales expense by 3467988 yuan and reduced the management expense by 20711788 yuan;
(3) Retroactively adjust the financial data of the consolidated and parent company in 2018 as follows: the consolidated financial statements increase the employee salary payable by 62794400 yuan, increase the operating cost by 3284361 yuan, reduce the sales expense by 2180822 yuan and reduce the management expense by 32622859 yuan; In the financial statements of the parent company, the payroll payable was increased by 62794400 yuan, the operating cost was increased by 3284361 yuan, the sales expense was reduced by 2180822 yuan, and the management expense was reduced
