On April 22, Sichuan Changhong (600839) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 94448167904.45 yuan, up 6.37% year on year; The net profit attributable to the shareholders of the listed company was 45366319.31 yuan, a year-on-year decrease of 25.09%.
During the reporting period, the net cash flow from operating activities was 1387432734.31 yuan, and the net assets attributable to shareholders of listed companies were 13011838119.96 yuan by the end of 2020.
During the reporting period, affected by the shortage of LCD screens and rising prices, the company’s color TV business suffered a loss as a whole, but the loss was significantly reduced year on year, which was mainly due to the cost reduction under the promotion of marketing integration, the rapid development of online sales business and the continuous optimization of product sales structure. On the premise of doing a good job in epidemic prevention and control, the company actively organized the resumption of work and production, seized the opportunity of export orders, and gradually restored and increased the business scale. At the same time, with the steady progress of e-commerce transformation, the operation quality of overseas brand business gradually improved, the overall profit increased year-on-year, and the profitability gradually improved.
The net profit of Changhong Jiahua, Changhong Huayi and other subsidiaries within the scope of the company’s merger increased compared with that of the previous year. However, it was affected by the decline of sales scale of Changhong Meiling, Changhong network and other subsidiaries within the scope of the company’s merger, the decline of net profit attributable to the parent company, and the company’s provision for large amount of impairment of receivables of Mianyang Dehong Electric Appliance Co., Ltd, The net profit of the company during the reporting period decreased compared with that of the previous year.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 8.337 million yuan. Zhao Yong, the chairman of the board, did not receive remuneration from the company. Li Wei, the director, vice chairman and general manager, received a total pre tax remuneration of 810400 yuan from the company, and Zhang Xiaolong, the chief financial officer, received a total pre tax remuneration of 747800 yuan from the company.
According to the data of digbei.com, Sichuan Changhong is a global and comprehensive science and technology enterprise, which is mainly engaged in “home appliance business represented by TV, refrigerator (cabinet), household air conditioner, washing machine, floor sweeping robot, intelligent box, etc., component business represented by refrigerator compressor, and ICT comprehensive service business represented by ICT product distribution and professional ICT solution provision, Electronic manufacturing (EMS) as the representative of lean manufacturing service business and other related special business.