Beijing Compass Technology Development Co.Ltd(300803)
Financial statement report of 2021
1、 Audit of financial statements in 2021
The 2021 financial statements of the company have been audited by Grant Thornton Certified Public Accountants (special general partnership) (hereinafter referred to as "Grant Thornton") and issued a standard unqualified audit report (Grant Thornton audit Zi (2022) No. 110a000087).
In the opinion of Grant Thornton, the financial statements of the company are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the consolidated and financial position of the company as of December 31, 2021 and the consolidated and operating results and cash flow of the company in 2021.
2、 Main financial status and operating results
Unit: RMB
2021.12.31 2020.12.31
Proportion of main asset items in total assets to total asset amount
Monetary capital 1607489512 78.58% 1204846130 73.45% 33.42%
Other receivables 53177217 2.60% 1199818 0.07% 4332.11%
Fixed assets 327929532 16.03% 335956654 20.48% - 2.39%
At the end of the reporting period, the balance of monetary funds increased by 33.42% compared with the end of the previous period, mainly due to the significant increase in the net cash inflow from operating activities caused by the significant increase in the collection of financial information services of the company during the reporting period.
At the end of the reporting period, the balance of other receivables increased significantly to 53.1772 million yuan, mainly including the intention payment of 50 million yuan for the company's participation in the bankruptcy and reorganization of wechat securities in September 2021.
Unit: RMB
2021.12.31 2020.12.31
Proportion of the amount of main liability items to the total amount of liabilities to the change range of total amount of liabilities
Short term loan 74733390 9.79% - not applicable
Contract liabilities 41045674 5.38% 28351643 5.46% 44.77%
Payroll payable 84913708 11.12% 66368654 12.77% 27.94%
Other non current liabilities 497555774 65.17% 375882070 72.35% 32.37%
The company obtained a comprehensive credit line of 150 million yuan from China Merchants Bank Co.Ltd(600036) Beijing Branch in November 2021, with a credit term of one year. At the end of the reporting period, the balance of short-term loans is the total principal and accrued interest of the new working capital loans under the above comprehensive credit line.
At the end of the reporting period, the total balance of contract liabilities and other non current liabilities increased by 33.24% compared with the end of the previous period, mainly due to the rapid increase in the collection of financial information services and the increase in the outstanding performance obligations of contracts signed with customers during the reporting period.
Unit: RMB
2021 2020
Proportion of main profit and loss items in operating revenue to the change range of operating revenue amount
Operating income 932420978 100.00% 692598184 100.00% 34.63%
Operating cost 110894756 11.89% 106480077 15.37% 4.15%
Taxes and surcharges 5634014 0.60% 3599350 0.52% 56.53%
Sales expenses 501272416 53.76% 384260551 55.48% 30.45%
Administrative expenses 66983555 7.18% 56831753 8.21% 17.86%
R & D expenses 108901458 11.68% 92374609 13.34% 17.89%
Financial expenses - 24709150 - 2.65% - 25799211 - 3.72% 4.23%
Other income 11770494 1.26% 8070662 1.17% 45.84%
Investment income 15629801 1.68% 9880476 1.43% 58.19%
Income tax expense 13478206 1.45% 3001950 0.43% 348.98%
Net profit 176196693 18.90% 89210644 12.88% 97.51%
Net profit attributable to 176196693 18.90% 89210644 12.88% 97.51% owners of the parent company
During the reporting period, the operating revenue increased by 34.63% compared with the previous period, and the financial information service and advertising business increased. Among them, the operating revenue of financial information service was 858611900 yuan, a significant increase of 38.07% compared with the previous period.
During the reporting period, the sales expenses increased by 30.45% compared with the previous period, mainly due to the company's increased investment in advertising and the increase in the salary of employees in the sales department, which increased by 28.39% and 37.86% respectively compared with the previous period, with the amounts of 23511800 yuan and 246085600 yuan respectively.
During the reporting period, the management fee increased by 17.86% compared with the previous period, including the new share based payment fee of 4.593 million yuan.
During the reporting period, R & D expenses increased by 17.89% compared with the previous period, mainly due to the increase in the salary of R & D personnel compared with the previous period.
During the reporting period, other income increased by 45.84% over the previous period, including 3 million yuan of listing capital subsidy. During the reporting period, the investment income increased by 58.19% compared with the previous period, all of which were obtained from the disposal of bank financial products.
During the reporting period, the income tax expense increased by 348.98% compared with the previous period, The main reason is the lower income tax expense in the previous period (the main reasons for the lower income tax expense in the previous period include: some wholly-owned subsidiaries make up for the tax losses in the previous year, the amount of advertising expenses not deducted before income tax due to the tax limit in the previous year is disbursed before income tax in the previous period, and the decrease of income tax in the previous period calculated according to the tax law and relevant regulations).
During the reporting period, the net profit attributable to the owners of the parent company increased by 97.51% compared with the previous period, mainly because the increase of total operating revenue was greater than that of total operating cost.
Unit: RMB
Change range from 2021 to 2020
Subtotal of cash inflow from operating activities 1189969667 893819965 33.13%
Subtotal of cash outflow from operating activities 816920734 663238074 23.17%
Net cash flow from operating activities 373048933 230581891 61.79%
Subtotal of cash inflow from investment activities 1718755888 1352919614 27.04%
Subtotal of cash outflow from investment activities 1743308109 1233578015 41.32%
Net cash flow from investing activities - 24552221 119341599 - 120.57%
Subtotal of cash inflow from financing activities 74630000 - not applicable
Subtotal of cash outflow from financing activities 22087561 40500000 -45.46%
Net cash flow from financing activities 52542439 - 40500000 229.73%
Net increase in cash and cash equivalents 401039151 309423490 29.61%
During the reporting period, the net cash flow from operating activities increased by 61.79% over the previous period, mainly due to the increase in the collection of financial information services.
During the reporting period, the net cash flow from investment activities decreased by 120.57% compared with the previous period, mainly due to the intention payment of RMB 50 million for the company's participation in the bankruptcy and reorganization of wechat securities in September 2021. The amount of cash inflow and outflow from investment activities is relatively large. In addition to the above intention to pay and purchase fixed assets, most of them are the cash flow formed by the company's redemption and purchase of bank financial products.
The cash inflow from financing activities during the reporting period was caused by the new working capital loan within the comprehensive credit line granted by the company in China Merchants Bank Co.Ltd(600036) Beijing Branch; The cash outflow from financing activities was caused by the company's cash dividend in July 2021.
3、 Analysis of main financial indicators
Change range from 2021 to 2020
Gross profit margin of sales: 88.11%, 84.63%, 3.48%
Profitability index net profit margin 18.90%, 12.88%, 6.02%
Weighted average return on net assets 14.66%, 8.14%, 6.52%
Asset liability ratio 37.32%, 31.67%, 5.65%
Solvency Index current ratio
