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)

2021 2020
Total Revenue 20.79B 22.37B
Gross Profit 7.77B 9.46B
Operating Income 3.74B 5.24B
Income Before Tax 4.33B 5.96B
Net Income 3.27B 4.59B

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)

2021 2020
Cash 18.25B 20.48B
Total Assets 42.29B 44.44B
Long Term Debt 739.34M 2.49B
Total Liabilities 23.01B 24.78B
Total Shareholder Equity 19.04B 19.41B
Net Tangible Assets 18.31B 18.66B

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)

2021 2020
Net Income 3.27B 4.59B
Capital Expenditures -781.33M -760.7M
Dividends Paid -2.71B -2.91B
Total Cash From From Investing Activities 2.68B 1.56B
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 20.79B 22.37B 22.49B 20.51B
Cost Of Revenue 13.02B 12.92B 13.8B 12.68B
Gross Profit 7.77B 9.46B 8.69B 7.84B
Research Development - - - -
Selling General Administrative 4.53B 4.83B 4.49B 3.47B
Non Recurring - - - -
Other Operating Expenses -508.25M -621.93M -774.83M -503.69M
Total Operating Expenses 17.05B 17.13B 17.52B 15.64B
Operating Income 3.74B 5.24B 4.97B 4.87B
Total Other Income Expense Net 584.72M 720.72M 78.05M 34.07M
Ebit 3.74B 5.24B 4.97B 4.87B
Interest Expense -448.94M -700.89M -755.07M -619.81M
Income Before Tax 4.33B 5.96B 5.05B 4.9B
Income Tax Expense 1.04B 1.35B 1.13B 1.1B
Minority Interest 243.41M 250.08M 278.94M 273.52M
Net Income From Continuing Ops 3.29B 4.61B 3.92B 3.81B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 3.27B 4.59B 3.91B 3.8B
Net Income Applicable To Common Shares 3.27B 4.59B 3.91B 3.8B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 18.25B 20.48B 20.54B 21.58B
Short Term Investments 10.38M 12.27M 13.55M 23.12M
Net Receivables 4.07B 4.46B 4.89B 3.8B
Inventory 4.16B 4.31B 3.8B 4.29B
Other Current Assets 713.77M 536.13M 748.8M 814.98M
Total Current Assets 27.27B 29.94B 30.07B 30.52B
Long Term Investments 4.28B 3.74B 2.53B 4.44B
Property Plant Equipment 8.79B 9.03B 9.35B 8.68B
Good Will 488.29M 488.29M 488.29M 488.29M
Intangible Assets 236.49M 267.15M 236.33M 1.04B
Other Assets 1.23B 977.45M 559.74M 481.57M
Deferred Long Term Asset Charges 544.76M 435.85M 213.21M 132.34M
Total Assets 42.29B 44.44B 43.24B 45.65B
Accounts Payable 2.57B 2.24B 2.22B 2.9B
Short Long Term Debt 2B 1.21B 3.02B 2.01B
Other Current Liab 729.81M 391.77M 401.26M 737.45M
Long Term Debt 739.34M 2.49B 1.25B 4.24B
Other Liab 224.63M 216.22M 171.47M 160.17M
Minority Interest 243.41M 250.08M 278.94M 273.52M
Total Current Liabilities 22.04B 22.06B 23.66B 24.25B
Total Liab 23.01B 24.78B 25.09B 28.65B
Common Stock 123.34M 125.37M 125.65M 127.09M
Retained Earnings 18.4B 18.4B 16.72B 16.12B
Treasury Stock 510.11M 515.41M 513.61M -136.77M
Other Stockholder Equity 510.11M 515.41M 513.61M 551.6M
Total Stockholder Equity 19.04B 19.41B 17.87B 16.73B
Net Tangible Assets 18.31B 18.66B 17.15B 15.19B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 3.27B 4.59B 3.91B 3.8B
Depreciation 851.02M 819.65M 800.14M 732.13M
Change To Netincome -321.8M -551.59M -214.24M -22.73M
Change To Account Receivables 317.43M 359.19M -1.07B -274.63M
Change To Liabilities 324.57M 322.46M -501.48M 473.59M
Change To Inventory 138.91M -520.52M 478.45M -783.22M
Total Cash From Operating Activities 4.6B 5.04B 3.42B 3.96B
Capital Expenditures -781.33M -760.7M -898.14M -701.35M
Investments 2.52B 1.23B 996.36M -803.33M
Other Cashflows From Investing Activities 933.86M 1.08B 1.04B 690.77M
Total Cashflows From Investing Activities 2.68B 1.56B 1.11B -895.2M
Dividends Paid -2.71B -2.91B -2.62B -2.59B
Net Borrowings -2.36B -62.98M -2.88B 4.67B
Other Cashflows From Financing Activities -479.48M -797.86M -822.35M -551.24M
Total Cash From Financing Activities -6.49B -3.93B -6.54B 953.84M
Effect Of Exchange Rate -60.4M -181.58M 61.2M 263.18M
Change In Cash 732.76M 2.49B -1.95B 4.28B
Repurchase Of Stock -936.73M -154.41M -215.57M -590.62M