On April 21, Jinlei building materials (831469) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 137379680.90 yuan, a year-on-year increase of 57.27%; The net profit attributable to the shareholders of the listed company was 33516129.90 yuan, up 122.6% year on year.
During the reporting period, the net cash flow from operating activities was 11387785.68 yuan, and the net assets belonging to the shareholders of the listed company were 122991321.14 yuan by the end of 2020.
During the reporting period, the company realized an operating revenue of 137379680.90 yuan, a year-on-year increase of 57.27%, mainly due to the influence of the increase of 60.01% in the sales volume. The net profit was 33516129.90 yuan, an increase of 122.6% over the previous year. The main reason was that the sales volume increased by 60.01%, the credit impairment loss was reversed, and the long-term equity investment was sold to increase the investment income.
The investment income was 3178063.98 yuan, with a change rate of 336.47% over the previous year, mainly due to the increase of income from the sale of long-term equity investment. Other income was 44311.87 yuan, the main reason for the increase over the previous year was that they enjoyed the subsidies for stabilizing their posts issued by government departments.
Dig shell network information shows that Jinlei building materials is mainly engaged in the R & D, production and sales of ready mixed commercial concrete and mortar.