On April 21, cryogenic energy (831177) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 336757237.16 yuan, up 19.84% year on year; The net profit attributable to the shareholders of the listed company was 56196963.12 yuan, up 49.88% year on year.
During the reporting period, the net cash flow from operating activities was 40766699.76 yuan, and by the end of 2020, the net assets belonging to the shareholders of the listed company were 412503465.25 yuan.
During the reporting period, the operating revenue in 2020 was 336757237.16 yuan, an increase of 55761911.73 yuan or 19.84% over the same period last year, mainly due to the increase of air separation product revenue after the company’s air separation project was put into operation.
In 2020, the operating cost was 186635566.31 yuan, an increase of 20328953.27 yuan or 12.22% over the same period of last year, mainly due to the increase of operating cost matching with the increase of income.
In 2020, the investment income will be 1118681.38 yuan, a decrease of 542623.20 yuan or 32.66% compared with the same period last year. The main reason is that the loss of associated companies and the decrease of using idle funds for financial management.
In 2020, the net profit was 56196963.12 yuan, an increase of 18701310.92 yuan or 49.88% over the same period last year, mainly due to the increase in business volume, revenue and operating profit.
According to the data of digbei.com, the leading products of cryogenic energy are oxygen, liquid oxygen, liquid nitrogen, liquid argon, high purity liquid carbon dioxide, hydrogen, special gas and other products. It has many high-end customers such as Coca Cola, Pepsi Cola, Tsingtao beer, snowflake beer, Lvling electronics, Suzhou Jinhong, etc; Industrial customers radiate coal chemical industry, oil field, coal mine, welding, chemical industry, electronics and other industries. Special gas products are used in chemical products, amorphous, photovoltaic solar energy, pharmaceutical intermediates and other industries, and customers radiate all over the country; Through pipeline, tank car, cylinder, incubator and other transportation and sales to customers.