Company Code: 600287 Company Abbreviation: Jiangsu Sainty
Section 1 Important Notes
1 The summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plans, investors should go to www.sse.com.cn to read the full text of the annual report carefully.
2 The board of directors, board of supervisors, directors, supervisors and senior management of the company guarantee the authenticity, accuracy and completeness of the content of the annual report, and that there are no false records, misleading statements or major omissions, and assume individual and joint legal responsibilities.
3 All directors of the company attended the board meeting.
4 Tianheng Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company.
5 The profit distribution plan or the capital reserve conversion plan approved by the board of directors for the reporting period
The company’s 2021 financial report has been audited and verified by Tianheng Certified Public Accountants (special general partnership). After the audit adjustment, the company (parent company) realized a total profit of -566,152,946.32 yuan and a net profit of -566,742,803.34 yuan. According to the relevant provisions of the Company Law and the Articles of Association, the following plans are planned to implement profit distribution:
The undistributed profit at the beginning of 2021 is 913,360,852.70 yuan, after deducting the ordinary share dividend of 53,193,932.88 yuan and the current loss of -566,742,803.34 yuan paid for the implementation of the 2020 profit distribution plan in 2021, the company’s profit available for distribution to shareholders at the end of 2021 is 293,424,116.48 yuan.
In view of the fact that neither the company’s consolidated statements nor the parent company’s statements in 2021 have achieved profit, according to the relevant provisions of the “Company Law” and the “Articles of Association”, the company plans not to implement profit distribution, nor to convert capital reserves to share capital.
Section 2 Basic Information of the Company
1Company Profile
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2 Introduction to the main business of the company during the reporting period
1. Import and export trade business
In 2021, the global epidemic will be ups and downs, the economic recovery will be more differentiated, commodity prices will rise, energy shortages, and transportation capacity will be tight, resulting in a slow global economic recovery. The scale has reached a record high for the same period in history. According to data released by the General Administration of Customs, the total value of my country’s import and export of goods trade in 2021 will be US$6,051.489 billion, a year-on-year increase of 30%. Among them, exports were US$3,363.959 billion, up 29.9% year-on-year; imports were US$2,687.529 billion, up 30.1% year-on-year.
my country’s exports were driven by strong demand, rising prices, and the return of orders, achieving “exceeding expectations” growth. The cumulative export of textiles and clothing was 315.466 billion US dollars, an increase of 8.38% year-on-year, of which textile exports were 145.203 billion US dollars, a year-on-year decrease of 5.6%, and clothing exports were 170.263 billion US dollars. , a year-on-year increase of 24.0%.
2. Domestic trade business
In 2021, the epidemic prevention and control effect in my country will be remarkable, the economic development will improve for a long time, the resilience of the industrial chain will be improved, the domestic market has huge potential, and the reform and development will be advanced in depth, which will provide good conditions for trade development. According to preliminary calculations by the National Bureau of Statistics, China’s GDP will reach 114.37 trillion yuan in 2021, a year-on-year increase of 8.1%; the total retail sales of consumer goods will reach 44.08 trillion yuan, a year-on-year increase of 12.5%.
The company’s main business:
As a provincial state-owned holding enterprise in Jiangsu Province, the company unswervingly promotes the “two-wheel drive” business development strategy: on the one hand, it will optimize and strengthen the stock, and steadily develop the main trade business with clothing as the core, including clothing export trade and domestic Trade; on the other hand, actively explore increments and develop new characteristic market businesses of “dislocation, differentiation, and thresholds”, mainly including monitoring chemical franchises, nuclear power steel bidding business, high-quality liquor business and other domestic trade businesses, wood Product export business and seafood import business, the products mainly include chemical products, wood products, nuclear power steel, medium and high-end liquor, various foreign aid materials and seafood.
The main mode of garment trade is export and domestic trade. The company signs contracts and orders with domestic and foreign customers through design, proofing, quotation, negotiation and other links; business links mainly include order production tracking, quality inspection, logistics and transportation, document making and settlement, etc. The company gives full play to the core support force of traditional clothing trade in the company’s business, closely relies on the three comprehensive support platforms of internal openness, coordination and efficient design proofing, production capacity support and R&D display, and strives for more threshold-based and high-efficiency orders. On the basis of stabilizing the basic price of export trade, we will continue to carry forward to higher value-added nodes. Under the circumstance that the Sino-US trade friction has not eased and the shipping price is high, the quality and efficiency of the company’s traditional clothing trade business have steadily improved.
The pattern of the wood products export business is similar to that of the clothing export business. During the reporting period, the company made every effort to seize structural business opportunities. In the face of the severe shortage of shipping capacity and high shipping prices during the year, the company fully mobilized various shipping resources to further expand market share, and achieved a substantial increase in the export of wood products. .
The main business link of monitoring chemical products is to use the company’s various qualifications and channels to seek product suppliers that meet customer needs. The company signs sales contracts and procurement contracts with customers and suppliers respectively, and does a good job in customer review, order tracking, cargo rights management, and supporting services. During the reporting period, the company’s monitoring of chemical product trade maintained a leading position in the industry.
The nuclear power steel business and foreign aid business model are similar: the company prepares bidding documents and participates in public project bidding for important customers and countries. In 2021, the company will firmly grasp the “dual carbon” opportunity, increase its support for the nuclear power steel business, and win the bid for a number of nuclear power plant material supply projects. The company closely follows the national policy orientation of comprehensively expanding opening up, and further strengthens the cooperation with the Ministry of Commerce on foreign aid projects. The foreign aid business has also made major breakthroughs and successfully won the bids for many projects.
In the seafood import trade, the company further strengthened the stickiness with well-known foreign seafood suppliers, continuously developed new products, optimized the product structure, and strengthened the scientific and rationality of the downstream channel layout of the seafood business; at the same time, during the reporting period, the company also With the cultivation of “Shunxian” and “Shunxian Baby” brands as the core, the establishment of Shunxian flagship stores is carried out in an orderly manner through platforms such as Tmall and JD. of control.
In the domestic trade of mid-to-high-end liquor, the company conforms to the current background of consumption upgrading, further develops the market in various segments of the liquor market, increases the domestic market share, uses efficient and reasonable marketing strategies, establishes stable sales channels, and continuously consolidates competitive advantage
3 Main accounting data and financial indicators of the company
3.1 Major accounting data and financial indicators in the past 3 years
Unit: Currency: RMB
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3.2 The main accounting data of the reporting period and quarterly
Unit: Currency: RMB
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Explanation of the difference between quarterly data and disclosed periodic report data
√Applicable □Not applicable
The company has re-organized the business model of the communication equipment business. In order to implement the revenue criteria more rigorously, after careful research, the company decided to adjust the revenue recognition method of the communication equipment business from the “gross method” to the “net method”. This correction involves the consolidated financial statements from 2009 to 2020, the parent company’s financial statements, and the consolidated financial statements for the third quarter of 2021. There is no impact on the net profit of the company’s shareholders.
4 Shareholders
4.1 The total number of ordinary shareholders, the total number of preferred shareholders whose voting rights have been restored, the total number of shareholders holding special voting rights, and the top 10 shareholders at the end of the reporting period and the month before the disclosure of the annual report
Unit: Share
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4.2 Block diagram of the property rights and control relationship between the company and the controlling shareholder
√Applicable □Not applicable
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4.3 Block diagram of the property rights and control relationship between the company and the actual controller
√Applicable □Not applicable
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4.4 The total number of preferred shareholders and the top 10 shareholders at the end of the reporting period
□Applicable √Not applicable
5 Corporate Bonds
□Applicable √Not applicable
Section 3 Important Matters
1 The company shall, in accordance with the principle of materiality, disclose the major changes in the company’s operating conditions during the reporting period, as well as matters that have had a significant impact on the company’s operations during the reporting period and are expected to have a significant impact in the future.
In 2021, the company will achieve operating income of 3.876 billion yuan, an increase of 30.54% compared with the adjusted income of the previous year; total profit of -558 million yuan, a decrease of 312.65% compared with the previous year; net profit attributable to owners of the parent company -610 million yuan , a decrease of 474.57% over the previous year.
2 If there is a delisting risk warning or listing termination after the disclosure of the company’s annual report, the reasons for the delisting risk warning or listing termination shall be disclosed.
□Applicable √Not applicable
Stock Code: 600287 Stock Abbreviation: Jiangsu Sainty Number: Lin 2022-008
Jiangsu Sainty Co., Ltd.
Announcement on Correction of Accounting Errors
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.
Important content reminder
● This error correction involves the consolidated financial statements from 2009 to 2020, the parent company’s financial statements, and the consolidated financial statements for the third quarter of 2021. There is no impact on the net profit of the shareholders of the listed company, and there is no situation that damages the interests of the company and shareholders.
1. Overview of this error correction
The company has re-organized the business model of the communication equipment business. In order to implement the revenue criteria more rigorously, after careful research, the company decided to adjust the revenue recognition method of the communication equipment business from the “gross method” to the “net method”.
The Company’s Board of Directors and Supervisory Committee reviewed and approved the “Proposal on Correction of Accounting Errors”, and the Company’s independent directors issued independent opinions. In accordance with the relevant provisions of the Accounting Standards for Business Enterprises No. 28—Accounting Policies, Changes in Accounting Estimates, and Correction of Errors and “Regulations for the Preparation of Information Disclosure by Companies Offering Securities to the Public No. 19—Correction of Financial Information and Related Disclosures”, this This correction involves the consolidated financial statements from 2009 to 2020, the parent company’s financial statements, and the consolidated financial statements for the third quarter of 2021.
2. The impact of this accounting error correction on the financial position and operating results
This error correction has no impact on the company’s total assets, net assets attributable to shareholders of the listed company, total profits, net profit, and net profit attributable to shareholders of the listed company, nor does it harm the interests of the company and shareholders. The specific impact on the aforementioned financial statements is as follows, and the unit of amount is RMB.
(1) Impact on the 2009 financial statements
1. Impact on the consolidated balance sheet in 2009
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2. Impact on the parent company’s balance sheet in 2009
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3. Influence on the consolidated income statement in 2009
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4. Influence on the parent company’s income statement in 2009
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5. Influence on the consolidated cash flow statement in 2009
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6. Influence on the cash flow statement of the parent company in 2009
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(II) Impact on the 2010 Financial Statements
1. Impact on the consolidated balance sheet in 2010
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2. Impact on the parent company’s balance sheet in 2010
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3. Influence on the consolidated income statement of 2010
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4. Influence on the parent company’s income statement in 2010
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5. Influence on the consolidated cash flow statement in 2010
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6. Influence on the parent company’s cash flow statement in 2010
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(III) Impact on the 2011 financial statements
1. Impact on the consolidated balance sheet in 2011
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2. Impact on the parent company’s balance sheet in 2011
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3. Influence on the consolidated income statement in 2011
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4. Influence on the parent company’s income statement in 2011
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5. Influence on the consolidated cash flow statement in 2011
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6. Influence on the parent company’s cash flow statement in 2011
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(IV) Impact on the 2012 Financial Statements
1. Impact on the consolidated balance sheet in 2012
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2. Impact on the parent company’s balance sheet in 2012
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3. Impact on the consolidated income statement in 2012
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4. Influence on the parent company’s income statement in 2012
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5. Influence on the consolidated cash flow statement in 2012
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6. Influence on the parent company’s cash flow statement in 2012
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(V) Impact on the 2013 Financial Statements
1. Impact on the consolidated balance sheet in 2013
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2. Impact on the parent company’s balance sheet in 2013
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3. Impact on the consolidated income statement in 2013
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4. Influence on the parent company’s income statement in 2013
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5. Influence on the consolidated cash flow statement in 2013
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6. Impact on the parent company’s cash flow statement in 2013
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(VI) Impact on the 2014 financial statements
1. Impact on the consolidated balance sheet in 2014
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2. Impact on the parent company’s balance sheet in 2014
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3. Impact on the consolidated income statement in 2014
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4. Impact on the parent company’s income statement in 2014
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5. Impact on the consolidated cash flow statement in 2014
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6. Impact on the parent company’s cash flow statement in 2014
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(VII) Impact on the 2015 financial statements
1. Impact on the consolidated balance sheet in 2015
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2. Impact on the parent company’s balance sheet in 2015
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3. Impact on the consolidated income statement in 2015
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4. Impact on the parent company’s income statement in 2015
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5. Impact on the consolidated cash flow statement in 2015
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6. Impact on the parent company’s cash flow statement in 2015
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(VIII) Impact on the 2016 financial statements
1. Impact on the consolidated balance sheet in 2016
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2. Impact on the parent company’s balance sheet in 2016
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3. Impact on the consolidated income statement in 2016
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4. Impact on the parent company’s income statement in 2016
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5. Impact on the consolidated cash flow statement in 2016
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6. Impact on the parent company’s cash flow statement in 2016
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(IX) Impact on the 2017 financial statements
1. Impact on the consolidated balance sheet in 2017
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2. Impact on the parent company’s balance sheet in 2017
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The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.
Important content reminder
The board of directors, board of supervisors, directors, supervisors, and senior management of the company guarantee that the content of the quarterly report is true, accurate and complete, and that there are no false records, misleading statements or major omissions, and assume individual and joint legal responsibilities.
The person in charge of the company, the person in charge of the accounting work and the person in charge of the accounting organization (the person in charge of accounting) guarantee the truthfulness, accuracy and completeness of the financial statement information in the quarterly report.
Are the first quarter financial statements audited?
□Yes√No
1. Main financial data
(1) Main accounting data and financial indicators
Unit: Currency: RMB
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Explanation of reasons for retrospective adjustment or restatement
The company has re-organized the business model of the communication equipment business. In order to implement the new income standards more rigorously, after careful research, the company has adjusted the revenue recognition method of the communication equipment business from the “gross method” to the “net method”.
(2) Non-recurring profit and loss items and amounts
Unit: Currency: RMB
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Explanation on defining the non-recurring profit and loss items listed in the “Explanatory Announcement on Information Disclosure by Companies Offering Securities to the Public No. 1 – Non-recurring Profit and Loss” as recurring profit and loss items
□Applicable √Not applicable
(3) Changes and reasons for major accounting data and financial indicators
√Applicable □Not applicable
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2. Shareholder Information
(1) The total number of ordinary shareholders, the number of preferred shareholders whose voting rights have been restored, and the shareholding situation of the top ten shareholders
Unit: share
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3. Other reminders
Other important information about the operation of the company during the reporting period that needs to be reminded of investors
□Applicable √Not applicable
4. Quarterly Financial Statements
(1) Types of audit opinions
□Applicable √Not applicable
(2) Financial Statements
Consolidated Balance Sheet
March 31, 2022
Prepared by: Jiangsu Sainty Co., Ltd.
Unit: Yuan Currency: RMB Audit Type: Unaudited
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The person in charge of the company: Gao Song, the person in charge of accounting work: Gui Shengchun, the person in charge of the accounting organization: Ni Xiaofei
Consolidated Income Statement
January-March 2022
Prepared by: Jiangsu Sainty Co., Ltd.
Unit: Yuan Currency: RMB Audit Type: Unaudited
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The person in charge of the company: Gao Song, the person in charge of accounting work: Gui Shengchun, the person in charge of the accounting organization: Ni Xiaofei
Consolidated Cash Flow Statement
January-March 2022
Prepared by: Jiangsu Sainty Co., Ltd.
Unit: Yuan Currency: RMB Audit Type: Unaudited
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The person in charge of the company: Gao Song, the person in charge of accounting work: Gui Shengchun, the person in charge of the accounting organization: Ni Xiaofei
The first implementation of the new accounting standards from 2022 to adjust the financial statements at the beginning of the year for the first implementation
□Applicable √Not applicable
Special announcement.
Board of Directors of Jiangsu Sainty Co., Ltd.
April 28, 2022
2022 First Quarter Report
Jiangsu Sainty Co., Ltd.
Stock code: 600287 Stock abbreviation: Jiangsu Sainty