On the evening of April 29, the disclosure of the 2021 annual report of A-Shares ended.
Data show that as of press time, a total of 4789 A-share listed companies have disclosed annual reports (including IPO companies using annual reports). The total operating income was 66.14 trillion yuan, an increase of 19.39% compared with 55.4 trillion yuan in the same period of last year; The total net profit attributable to shareholders of listed companies was 5.07 trillion yuan, an increase of 19.58% compared with 4.24 trillion yuan in the same period last year. Listed companies that have disclosed their annual reports have maintained high performance growth toughness as a whole.
industry differentiation
From the perspective of industry, cyclical listed companies such as chemical industry, iron and steel, coal and nonferrous metals have performed well. In addition, affected by the high business cycle of the industry, the listed companies of semiconductors, chips, new energy vehicle industry chain, medical and pharmaceutical industries and photovoltaic have also posted good annual performance.
According to the calculation of Shenwan industry, 435 listed companies in the chemical industry realized a total net profit of 356986 billion yuan, an increase of 112.47% compared with 168.02 billion yuan in the same period of last year. The 36 listed companies in the iron and steel industry achieved a total net profit of 109751 billion yuan, an increase of 83.48% compared with 59.817 billion yuan in the same period last year. 353 listed companies in the electronics industry achieved a total net profit of 210073 billion yuan, an increase of 82.03% compared with 115403 billion yuan in the same period last year.
In contrast, the performance of industries such as real estate is poor. In 2021, 128 listed companies in the real estate industry achieved a total net profit of 45.66 billion yuan, down 77.45% from 20.523 billion yuan in the same period last year.
In terms of infrastructure and construction industry, 232 listed companies in the construction industry achieved a total net profit of 249337 billion yuan, a decrease of 0.45% compared with 250452 billion yuan in the same period last year. The performance differentiation of Companies in the industry is serious China Railway Construction Corporation Limited(601186) , China Railway Group Limited(601390) , China State Construction Engineering Corporation Limited(601668) and other infrastructure “big men” achieved record operating revenue in 2021. However, some small and medium-sized companies are greatly affected by the upstream of real estate, and their performance has declined significantly.
From the perspective of R & D, 4353 listed companies disclosed R & D expenses in their annual reports, with a total amount of 1.2 trillion yuan, an increase of 25.74% compared with 955025 billion yuan in the same period last year. The R & D expenses of Listed Companies in industries with high carbon emissions such as construction and steel increased significantly.
China State Construction Engineering Corporation Limited(601668) , which has topped the list of R & D investment for many years, also saw a sharp jump in R & D investment in 2021 – from 25.5 billion yuan in 2020 to 39.9 billion yuan in 2021.
14 listed companies failed to disclose their annual reports on time
Data show that up to now, a total of 14 A-share listed companies have failed to disclose the 2021 annual report on time.
Some listed companies repeatedly delayed the disclosure time, but ultimately failed to disclose on time.
Boomsense Technology Co.Ltd(300312) 428 disclosed the suggestive announcement on further delaying the disclosure of the annual report of 2021 and the report of the first quarter of 2022 and the risk of termination of listing and trading of the company’s shares, which showed that the annual report of 2021 and the report of the first quarter of 2022 were originally scheduled to be disclosed on April 25. Later, due to the failure to reach an agreement with the annual report audit institution on major matters, the company planned to disclose it on April 29. Now, because the company has not reached an agreement with the annual report audit institution on the audit and evaluation of the assets donated to Chengdu nengdun Electronic Technology Co., Ltd., and the three-party debt transfer and debt exemption of Sichuan Tianfu bank, the company is not expected to disclose it on April 29. The company will convene the annual board of directors on April 29 to review the 2021 annual report and other matters, which will be disclosed on April 30. Up to now, Boomsense Technology Co.Ltd(300312) failed to disclose the annual report and the first quarterly report.
Some listed companies said that due to the impact of the epidemic, the audit institutions failed to complete the audit work on time and could not disclose the annual report on time.
Taking Guangdong Taiantang Pharmaceutical Co.Ltd(002433) as an example, the company pointed out in the announcement that it was unable to disclose the annual report on schedule that the company had not been fully unsealed as of April 30, 2022 because the company established, registered and operated six wholly-owned subsidiaries in Shanghai, mainly located in Shanghai. As a result, some important audit evidence involved in the audit, such as correspondence and asset inventory, cannot be completed in time, zhongxinghua firm fails to complete the necessary audit work on schedule, zhongxinghua firm cannot issue the company’s 2021 annual audit report before April 30, 2022, and the company cannot disclose the 2021 Annual Report on schedule. The company plans to disclose the annual report and the first quarterly report of 2021 on June 16, 2022.
Some listed companies said that the company’s employees and the audit institutions hired were sealed at the same time and failed to complete the audit.
Jilin Chemical Fibre Co.Ltd(000420) said that the company’s factory area was under closed management. Except for some employees stationed in the factory to ensure production, other personnel were under static management at home, which affected the preparation of the company’s annual report to a certain extent. At the same time, the project team of the accounting firm responsible for the audit was officially sealed in the hotel where they lived according to the requirements of epidemic prevention from March 7, so it was impossible to continue the audit work. In addition, the postal express business in Jilin Province was completely stopped, the external sending and recovery of letters and certificates required for audit work were completely stagnant, and the letters sent in the early stage were also lost; It is impossible to observe and check the original documents during the sealing and control of the epidemic situation; Unable to complete control test, detail test and contract inspection at the business level; It is impossible to make a physical inventory of the company’s plant and equipment. Although some remote audit procedures have been implemented in accordance with relevant procedures, the internal review and quality control review procedures of accounting firms cannot be implemented due to the failure to complete important audit procedures and the lack of key audit evidence.
Ji Yao Holding Group Co.Ltd(300108) also said that some data related to the company’s annual report is stored in the computer in the office building in Changchun City. At present, it is impossible to access the relevant data. Therefore, the company is unable to fully collect and sort out some data of the annual report and the first quarter report. Up to now, the staff of the company and its subsidiaries in Changchun, Jilin Province are still isolated at home, waiting for follow-up notice. To sum up, the company expects that the annual report of 2021 and the report of the first quarter of 2022 cannot be disclosed before April 30, 2022.
