Shenzhen Changfang Group Co.Ltd(300301)
Financial statement report of 2021
1、 Overall operation of the company in 2021
In 2021, Shenzhen Changfang Group Co.Ltd(300301) (hereinafter referred to as ” Shenzhen Changfang Group Co.Ltd(300301) ” or “the company”) achieved a total annual operating income of 1599044300 yuan, an increase of 22.73% year-on-year; The net profit attributable to the shareholders of the listed company was -37 Zotye Automobile Co.Ltd(000980) 0 yuan, a year-on-year decrease of 877.71%. The basic earnings per share was -0.4683 yuan, a year-on-year decrease of 877.71%.
2、 Audit of the company’s financial report in 2021
The company’s 2021 financial statements have been audited and verified by Dahua Certified Public Accountants (special general partnership), and an audit report with no opinion was issued on April 29, 2022.
3、 Main financial data and indicators in 2021
Unit: 10000 yuan
Increase and decrease of the project from 2021 to 2020
Total operating revenue 1599044313028575 22.73%
Net profit attributable to shareholders of listed companies -3700098 -378445 -877.71%
Net cash flow from operating activities -9882021467419 -167.34%
Basic earnings per share (yuan / share) -0.4683 -0.0479 -877.66%
Diluted earnings per share (yuan / share) -0.4683 -0.0479 -877.66%
Weighted average return on net assets -22.09-34.34%
Increase or decrease of the project at the end of the reporting period
Total assets 1699245527387284 – 37.95%
Ownership rights attributable to shareholders of listed companies
Yi 787116611563052 – 31.93%
Share capital 7901088 0.00%
Net capital per share attributable to shareholders of listed companies
Production (yuan) 1.00 1.46 – 31.77%
The reasons for the change of main accounts are as follows:
1. The net profit attributable to the shareholders of the listed company decreased by 877.71% compared with the previous period, mainly due to the significant increase in the asset impairment loss, expected credit impairment loss and goodwill impairment loss of the company in the current period compared with the previous period; 2. The basic earnings per share decreased by 877.66% compared with the previous period, mainly due to the decrease of net profit attributable to shareholders of Listed Companies in the reporting period;
3. The weighted average return on net assets decreased by 34.87% compared with the previous period, mainly due to the decrease in net profit attributable to shareholders of listed companies during the reporting period.
4、 Assets and liabilities of the company in 2021
1. Analysis of main items in the balance sheet:
Unit: 10000 yuan
Year on year change of statement account on December 31, 2021 and December 31, 2020
Current assets: —
Notes receivable 167924433675 – 61.28%
Accounts receivable 49837696060459 – 17.77%
Non current assets: —
Long term receivables 689.70181526 – 62.01%
Investment real estate 7547955512163 – 86.31%
Construction in progress 291.99103173 – 71.70%
Goodwill – 1488390 – 100.00%
Deferred income tax assets 4142241420026 – 70.83%
Other non current assets 27.56214547 – 98.72%
Current liabilities: —
Notes payable 106498594656 – 82.09%
Accounts payable 28251834649805 – 39.24%
Tax payable 887.41128462 – 30.92%
Other payables 4041551329381 – 69.60%
Non current liabilities due within one year 2830721576228 – 82.04%
Other current liabilities 205575 154.32123213%
Non current liabilities: —
Long term loan 59 Shenzhen China Bicycle Company (Holdings) Limited(000017) 13995 – 65.58%
Long term accounts payable – 229858 – 100.00%
Estimated liabilities – 932.54 – 100.00%
Owner’s equity: —
Undistributed profit -7874778 -4174680 -88.63%
The reasons for major changes are as follows:
1. Notes receivable decreased by 61.28% compared with the beginning of the period, mainly due to the due collection of bank acceptance bills during the reporting period;
2. Long term receivables decreased by 62.01% compared with the beginning of the period, mainly due to the provision for bad debts of long-term receivables during the reporting period;
3. The investment real estate decreased by 86.31% compared with the beginning of the period, mainly due to the company’s sale of Huizhou rectangular Industrial Park during the reporting period;
4. The construction in progress decreased by 71.70% compared with the beginning of the period, mainly due to the decrease of self-made molds during the reporting period;
5. Goodwill decreased by 100% compared with the beginning of the period, mainly due to the provision for goodwill impairment during the reporting period;
6. Deferred income tax assets decreased by 70.83% compared with the beginning of the period, mainly due to the decrease of deductible temporary differences formed by recoverable losses in the reporting period;
7. Other non current assets decreased by 98.72% at the beginning of the reporting period, mainly due to the payment of finance lease payments by finance lease deposits during the reporting period;
8. Notes payable decreased by 82.09% compared with the beginning of the period, mainly due to the due payment of bank acceptance bills payable during the reporting period;
9. Accounts payable decreased by 39.24% compared with the beginning of the period, mainly due to the payment of materials by the company during the reporting period; 10. The tax payable decreased by 30.92% compared with the beginning of the period, mainly due to the decrease of value-added tax and enterprise income tax payable during the reporting period;
11. Other payables decreased by 69.60% compared with the beginning of the period, mainly due to the decrease in current accounts of internal and external units during the reporting period;
12. Non current liabilities due within one year decreased by 82.04% compared with the beginning of the period, mainly due to the decrease of bank loans due within one year during the reporting period;
13. Other current liabilities decreased by 123213% compared with the beginning of the period, mainly due to the increase in the non derecognition of bill endorsement during the reporting period;
14. Long term loans decreased by 65.58% compared with the beginning of the period, mainly due to the repayment of bank loans and the conversion of long-term loans due within one year into non current liabilities due within one year during the reporting period;
15. Long term payables decreased by 100% at the beginning of the reporting period, mainly due to the repayment of maturing finance lease payments during the reporting period.
16. The estimated liabilities decreased by 100% compared with the beginning of the period, mainly due to the reversal of overdue loan interest during the reporting period. 17. The undistributed profit decreased by 88.63% compared with the beginning of the period, mainly due to the increase of sales rebate, the provision for impairment of long-term receivables, goodwill impairment and asset impairment during the reporting period.
2. Major changes in income statement items and cause analysis:
Unit: 10000 yuan
Year on year changes from 2021 to 2020
1、 Total operating revenue 1599044313028575 22.73%
Operating cost 1374695010162540 35.27%
Taxes and surcharges 368554153748 139.71%
Sales expense 365459335015 9.09%
Financial expenses 421797820473 – 48.59%
Other income 146361278196 – 47.39%
Investment income (loss expressed with “-“) – 0.03 – 100.00%
(fill in)
Credit impairment loss -249926194161 – 228.72%
Asset impairment loss -2361353 -517875 -355.97%
2、 Operating profit -2729164 -855.02 -309193%
Plus: non operating income 937.52 392.33 138.96%
Less: non operating expenses 652.10 990.54 – 34.17%
3、 Total profit -2700623 -145324 -1758
