Hengan International Group Company Limited (HKEX:1044) Annual Report 2021



The latest annual report of Hengan International Group Company Limited (1044) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 1044 Annual Results

Amounts in CNY

Total Revenue
20.79B
Gross Profit
7.77B
EBIT
3.74B
Net Tangible Assets
18.31B
Net Income
3.27B
Capital Expenditures
-781.33M

1044 Income Statement 2021 Annual Report

As per the latest Income Statement of 1044, the Net revenue decreased by ¥-1.583857B (-7%) compared to the previous period. The operating income in 2021 decreased by ¥-1.495853B (-29%). The net income as per the annual report was 3.27B which decreased by ¥-1.321214B (-29%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue20.79B22.37B
Gross Profit7.77B9.46B
Operating Income3.74B5.24B
Income Before Tax4.33B5.96B
Net Income3.27B4.59B

Balance Sheet - 1044 2021 Annual Report

Read further: 1044 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Hengan International Group Company Limited showed the company reduced the cash on balance sheet by ¥-2.237052B (-11%). The Net tangible assets of 1044 on the balance sheet were at 18.31B which is ¥-343.68M (-2%) less than previous annual report. The total stockholder equity also decreased by ¥-374.35M (-2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash18.25B20.48B
Total Assets42.29B 44.44B
Long Term Debt739.34M2.49B
Total Liabilities23.01B 24.78B
Total Shareholder Equity19.04B19.41B
Net Tangible Assets18.31B18.66B

Cash Flow Statement - 1044 2021 Annual Report

The 2021 annual cash flow statement of Hengan International Group Company Limited showed that the net income decreased by ¥-1.321214B (-29%) compared to previous reporting period. Also the capital expenditure of 1044 decreased by ¥-20.64M (-3%).

As of 2021, the total cash from investing activities was 2.68B and total cash from financing activities was -6.49B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income3.27B4.59B
Capital Expenditures-781.33M-760.7M
Dividends Paid-2.71B-2.91B
Total Cash From From Investing Activities2.68B1.56B
Total Cash From From Financing Activities-6.49B-3.93B

Hengan International Group Company Limited Annual Report History

Income Statement

Income Statement history of Hengan International Group Company Limited (HKEX:1044)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue20.79B22.37B22.49B20.51B
Cost Of Revenue13.02B12.92B13.8B12.68B
Gross Profit7.77B9.46B8.69B7.84B
Research Development----
Selling General Administrative4.53B4.83B4.49B3.47B
Non Recurring----
Other Operating Expenses-508.25M-621.93M-774.83M-503.69M
Total Operating Expenses17.05B17.13B17.52B15.64B
Operating Income3.74B5.24B4.97B4.87B
Total Other Income Expense Net584.72M720.72M78.05M34.07M
Ebit3.74B5.24B4.97B4.87B
Interest Expense-448.94M-700.89M-755.07M-619.81M
Income Before Tax4.33B5.96B5.05B4.9B
Income Tax Expense1.04B1.35B1.13B1.1B
Minority Interest243.41M250.08M278.94M273.52M
Net Income From Continuing Ops3.29B4.61B3.92B3.81B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.27B4.59B3.91B3.8B
Net Income Applicable To Common Shares3.27B4.59B3.91B3.8B

Balance Sheet Statement

Balance Sheet Statement history of Hengan International Group Company Limited (HKEX:1044)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash18.25B20.48B20.54B21.58B
Short Term Investments10.38M12.27M13.55M23.12M
Net Receivables4.07B4.46B4.89B3.8B
Inventory4.16B4.31B3.8B4.29B
Other Current Assets713.77M536.13M748.8M814.98M
Total Current Assets27.27B29.94B30.07B30.52B
Long Term Investments4.28B3.74B2.53B4.44B
Property Plant Equipment8.79B9.03B9.35B8.68B
Good Will488.29M488.29M488.29M488.29M
Intangible Assets236.49M267.15M236.33M1.04B
Other Assets1.23B977.45M559.74M481.57M
Deferred Long Term Asset Charges544.76M435.85M213.21M132.34M
Total Assets42.29B44.44B43.24B45.65B
Accounts Payable2.57B2.24B2.22B2.9B
Short Long Term Debt2B1.21B3.02B2.01B
Other Current Liab729.81M391.77M401.26M737.45M
Long Term Debt739.34M2.49B1.25B4.24B
Other Liab224.63M216.22M171.47M160.17M
Minority Interest243.41M250.08M278.94M273.52M
Total Current Liabilities22.04B22.06B23.66B24.25B
Total Liab23.01B24.78B25.09B28.65B
Common Stock123.34M125.37M125.65M127.09M
Retained Earnings18.4B18.4B16.72B16.12B
Treasury Stock510.11M515.41M513.61M-136.77M
Other Stockholder Equity510.11M515.41M513.61M551.6M
Total Stockholder Equity19.04B19.41B17.87B16.73B
Net Tangible Assets18.31B18.66B17.15B15.19B

Cash Flow Statement

Cash Flow Statement history of Hengan International Group Company Limited (HKEX:1044)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income3.27B4.59B3.91B3.8B
Depreciation851.02M819.65M800.14M732.13M
Change To Netincome-321.8M-551.59M-214.24M-22.73M
Change To Account Receivables317.43M359.19M-1.07B-274.63M
Change To Liabilities324.57M322.46M-501.48M473.59M
Change To Inventory138.91M-520.52M478.45M-783.22M
Total Cash From Operating Activities4.6B5.04B3.42B3.96B
Capital Expenditures-781.33M-760.7M-898.14M-701.35M
Investments2.52B1.23B996.36M-803.33M
Other Cashflows From Investing Activities933.86M1.08B1.04B690.77M
Total Cashflows From Investing Activities2.68B1.56B1.11B-895.2M
Dividends Paid-2.71B-2.91B-2.62B-2.59B
Net Borrowings-2.36B-62.98M-2.88B4.67B
Other Cashflows From Financing Activities-479.48M-797.86M-822.35M-551.24M
Total Cash From Financing Activities-6.49B-3.93B-6.54B953.84M
Effect Of Exchange Rate-60.4M-181.58M61.2M263.18M
Change In Cash732.76M2.49B-1.95B4.28B
Repurchase Of Stock-936.73M-154.41M-215.57M-590.62M