Henan Kedi Dairy Co.Ltd(002770)
Financial statement report of 2021
Henan Kedi Dairy Co.Ltd(002770) (hereinafter referred to as “the company”) the financial statements for the year 2021 are prepared in accordance with the provisions of the accounting standards for business enterprises, and fairly reflect the financial position of the company as of December 31, 2021 and the operating results and cash flows of the year 2021 in all material aspects. The company’s financial statements have been audited by Zhejiang Tianping accounting firm (special general partnership) and an audit report with no opinion has been issued. The main financial data reflected in the financial statements of 2021 are reported as follows: I. balance sheet
Unit: Yuan
Increase and decrease of the project from December 31, 2021 to December 31, 2020
Current assets:
Monetary capital 18016066221455864035 23.75%
Notes and accounts receivable 779565562519095662 50.18%
Prepayment 1133932192668720546 69.57%
Other receivables 9579233471178141129414 22.59%
Inventory 54435089773730315404 45.93%
Other current assets 39257738283945951978 -0.51%
Total current assets 10887672189288461077039 23.08%
Non current assets:
Fixed assets 117570160611126380412425 – 6.97%
Construction in progress 426217381942644601 – 54.78%
Productive biological assets 203291435 – 100.00%
Intangible assets 45320494684648274149 – 2.50%
goodwill
Long term deferred expenses 941777371 China West Construction Group Co.Ltd(002302) 47 – 6.04%
Deferred income tax assets 8380812561016766123 – 17.57%
Other non current assets 493908025611411544 – 19.22%
Total non current assets 123954594478133903030524 – 7.43%
Total assets 232831316370222364107563 4.71%
Project 4456100 0.83% on December 31, 2020
Current liabilities:
Short term loan 570403 Wuxi Etek Microelectronics Co.Ltd(688601) 32279319133 – 56.88%
Notes payable and accounts payable 2019215536422302601824 – 9.46%
Contract liabilities 47048981035622730023 – 16.32%
Payroll payable 24743481612847914903 – 13.12%
Taxes payable 13934636871572798938 – 11.40%
Other payables 11032842488621277110478 418.53%
Non current liabilities due within one year
Other current liabilities 613531587735078015 – 16.54%
Total current liabilities 196747190648186637553314 5.42%
Non current liabilities:
Long term loan 395101826517463322 – 23.65%
Long term payables 35000 China Tianying Inc(000035) 0000000 0.00%
Estimated liabilities 23502019451 0.00%
Deferred income 708783564905725498 – 21.74%
Deferred income tax liabilities 79148094113877058 – 30.50%
Total non current liabilities 2503505293525389085329 – 1.39%
Total liabilities 221782243583212026638643 4.60%
Shareholders’ equity:
Share capital 109486779700109486779700 0.00%
Capital reserve 631867834 0.00%
Surplus reserve 4957599523 0.00%
Undistributed profit -104027174270 -104738778137 -0.68%
Total equity attributable to shareholders of parent company 1104907278710337468920 6.88%
Total shareholders’ equity 1104907278710337468920 6.88%
Total liabilities and shareholders’ equity 232831316370222364107563 4.71%
The year-end balance of 2021 is more than 30% higher than that of 2020. Description:
1. The year-end balance of notes and accounts receivable in 2021 increased by 2.6047 million yuan compared with that in 2020, with a year-on-year increase of 50.18%, mainly due to the failure to recover the accounts receivable in time in the reporting period.
2. The balance of prepayments at the end of 2021 increased by 4.6521 million yuan compared with that at the end of 2020, with a year-on-year increase of 69.57%, mainly due to the increase of prepayments for materials in the reporting period.
3. The balance of construction in progress at the end of 2021 decreased by 5.1643 million yuan compared with that at the end of 2020, a year-on-year decrease of 54.78%, mainly due to the conversion of construction in progress to fixed assets in the reporting period.
4. The balance of productive biological assets at the end of 2021 decreased by 2032900 yuan compared with that at the end of 2020, a year-on-year decrease of 100%, mainly due to the sale of dairy cows by Kedi biology in the reporting period.
5. The balance of short-term loans at the end of 2021 decreased by 7523895 million yuan compared with that at the end of 2020, a year-on-year decrease of 56.88%, mainly due to the transfer of bank short-term loans to Shangqiu development and investment group in the reporting period. 6. The balance of other payables at the end of 2021 increased by 890513100 yuan compared with that at the end of 2020, with a year-on-year increase of 418.53%, mainly due to the debt principal and interest acquired by Shangqiu development investment group during the reporting period. 2、 Income statement
Unit: Yuan
Increase and decrease of the project in 2021 and 2020
1、 Total operating revenue 5911267286947586967768 24.22%
Including: operating income 5911267286947586967768 24.22%
2、 Total operating cost: 467816695%
Including: operating cost 5590653866746537057808 20.13%
Taxes and surcharges 883574899586894473 50.55%
Sales expenses 22687379641673107622 35.60%
Administrative expenses 39049014304053445330 – 3.66%
Financial expenses 1504118656812066440926 24.65%
Including: interest expense
Interest income
Plus: other income 254594759402594618 – 36.76%
Investment income (loss expressed with “-“) 0.62
