Recently, Oriental Zirconium Industry released its 2021 performance report, which pointed out:
1. The monetary funds decreased by 115.626 million yuan, or 73.10%, compared with the beginning of the period, mainly due to the acceptance drafts payable for the purchase of raw materials and the expiration of international letters of credit during the reporting period. 2. The financing of receivables decreased by 24.1693 million yuan, or 49.31%, compared with the beginning of the period, mainly due to the decrease in domestic letters of credit during the reporting period. 3. The right-to-use assets increased by 36.4641 million yuan compared with the beginning of the period, mainly due to the accounting of operating leases in accordance with the new lease criteria during the reporting period; 4. Notes payable decreased by 108.75 million yuan or 98.86% compared with the beginning of the period, which was due to the maturity and return of bills during the reporting period. 5. Short-term loans decreased by 300 million yuan, or 44.44%, compared with the beginning of the period, which was due to the repayment of bank loans during the reporting period. 6. The contract liability increased by 71.0379 million yuan, or 195.33%, over the beginning of the period, which was due to the increase in the payment received in advance for sales during the reporting period. 7. The salary payable to the staff and workers is reduced by 12.3578 million yuan, or 62.73%, compared with the beginning of the period, which is due to the payment of employees' wages during the reporting period. 8. Taxes and fees payable increased by 1.2385 million yuan, or 53.86%, over the beginning of the period, mainly due to the increase in value-added tax payable during the reporting period. 9. Other payables increased by 221.7366 million yuan, or 1020.74%, over the beginning of the period, mainly due to increased liabilities under equity incentive repurchase obligations during the reporting period. 10. The lease liability increased by 36.4641 million yuan compared with the beginning of the year, mainly due to the accounting of operating leases in accordance with the new lease criteria during the reporting period. 11. Operating income increased by 98.1115 million yuan, or 62.15%, over the same period last year, mainly due to the increase in sales scale in the reporting period. 12. Operating costs increased by 73.7837 million yuan, or 51.2%, over the same period last year, mainly due to the increase in sales scale in the reporting period. 13. Taxes and surcharges increased by 700200 yuan, or 150.79%, over the same period last year, mainly due to the increase in business income during the reporting period. 14. Sales expenses decreased by 969000 yuan, or 66.75%, compared with the same period last year, mainly due to the collection of freight into the main business costs during the reporting period. 15. The R & D expenditure increased by 6.7304 million yuan, or 274.72%, over the same period last year, mainly due to the further increase in R & D investment in the reporting period. 16. The financial expenses decreased by 36.6195 million yuan, or 79.87%, compared with the same period last year, mainly due to the repayment of bank loans and the impact of exchange gains and losses during the reporting period. 17. Other income increased by 127500 yuan, or 420.79%, over the same period last year, mainly due to the increase in government subsidies received during the reporting period. 18. The investment income decreased by 3.2748 million yuan, or 87.50%, compared with the same period last year, mainly due to changes in the profits of the company's associated enterprises during the reporting period. 19. The loss of credit impairment increased by 2.0367 million yuan, or 107.14%, over the same period last year, due to the increase in the provision for bad debts in the reporting period. 20. Non-operating income decreased by 134100 yuan, or 98.53%, compared with the same period last year, mainly due to the decrease in profits of the company that were not directly related to its daily activities during the reporting period. 21. Non-operating expenses decreased by 715400 yuan, or 92.92%, compared with the same period last year, mainly due to the reduction of losses incurred by the company in the reporting period that were not directly related to its daily activities. 22. The net profit belonging to the shareholders of the parent company increased by 103.44% over the same period last year, mainly due to the continuous growth in the sales of the company's major products during the reporting period, as well as the start of new business projects and a significant decrease in financial expenses compared with the same period. 23. The net cash flow generated by business activities was 139.026 million yuan, an increase of 171.4405 million yuan or 528.90% over the same period last year, mainly due to the increase in sales rebates during the reporting period and the decrease in margin for letter of credit settlement. 24. The net cash flow generated by investment activities was-1.6036 million yuan, a decrease of 5.703 million yuan or 78.05% compared with the same period last year, mainly due to the decrease in the purchase and construction of fixed assets in the reporting period compared with the same period. 25. The net cash flow generated by fund-raising activities was-135.0946 million yuan, a decrease of 233.8922 million yuan or 236.74% compared with the same period last year, mainly due to the repayment of short-term loans during the reporting period.
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