1. Audit of the 2022 Annual Financial Statements
The 2022 annual financial statements of Shanghai Huahong Jitong Intelligent System Co., Ltd. (hereinafter referred to as "the Company") have been audited by Lixin Certified Public Accountants (Special General Partnership), which issued an unqualified audit report with emphasis of matter, report number [2023] ZA12087.
2. Key Financial Data for 2022
| Item | 2022 (yuan) | 2021 (yuan) | Change (%) |
|---|
| Operating Revenue | 303,090,423.78 | 371,697,744.01 | -18.46% |
| Net Profit Attributable to Shareholders | -19,771,989.84 | 10,211,457.72 | -293.63% |
| Net Profit Attributable to Shareholders (excluding non-recurring gains and losses) | -20,812,968.13 | 4,204,224.03 | -595.05% |
| Net Cash Flow from Operating Activities | -26,152,792.40 | 49,758,703.54 | -152.56% |
| Basic Earnings per Share (yuan/share) | -0.1177 | 0.0608 | -293.59% |
| Diluted Earnings per Share (yuan/share) | -0.1177 | 0.0608 | -293.59% |
| Weighted Average Return on Equity | -5.34% | 2.71% | -8.05% |
| Total Assets | 574,639,635.09 | 635,697,755.23 | -9.60% |
| Net Assets Attributable to Shareholders | 360,491,936.42 | 380,263,926.26 | -5.20% |
3. Analysis of Financial Condition, Operating Results, and Cash Flow for 2022
1. Asset Composition and Changes
| Item | December 31, 2022 (yuan) | January 1, 2022 (yuan) | Change (%) |
|---|
| Current Assets: | | | |
| Cash and Cash Equivalents | 173,457,617.29 | 193,266,604.38 | -10% |
| Notes Receivable | 4,688,000.00 | 3,628,400.00 | 29% |
| Accounts Receivable | 136,963,181.63 | 140,120,496.08 | -2% |
| Prepayments | 11,540,273.58 | 29,372,961.01 | -61% |
| Other Receivables | 6,795,350.34 | 5,197,289.27 | 31% |
| Inventory | 37,456,435.11 | 67,900,980.82 | -45% |
| Contract Assets | 60,327,464.15 | 64,391,039.18 | -6% |
| Other Current Assets | 80,341.27 | 1,372,542.00 | -94% |
| Total Current Assets | 431,308,663.37 | 505,250,312.74 | -15% |
| Investment Properties | 43,789,230.04 | 45,089,893.36 | -3% |
| Fixed Assets | 45,453,915.14 | 46,606,557.70 | -2% |
| Intangible Assets | 17,280,644.01 | 1,233,831.16 | 1301% |
| Deferred Tax Assets | 15,066,332.28 | 11,689,487.42 | 29% |
| Other Non-current Assets | 21,740,850.25 | 25,827,672.85 | -16% |
| Total Non-current Assets | 143,330,971.72 | 130,447,442.49 | 10% |
| Total Assets | 574,639,635.09 | 635,697,755.23 | -10% |