On March 11, Shanghai Shangdian (430363) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 223629066.29 yuan, a year-on-year increase of 48.03%; the net profit attributable to shareholders of listed companies was 20194704.04 yuan, a year-on-year increase of 86.42%.
During the reporting period, the net cash flow from operating activities was 20515273.06 yuan, and the net assets belonging to the shareholders of the listed company was 174141839.79 yuan by the end of 2020.
In 2020, through business expansion, the company’s operating revenue will increase significantly, while bringing the synchronous growth of operating costs and operating profits.
During the period, the financial expenses were 780187.98 yuan, down 21.79% year on year. During the period, the investment income was 145926.50 yuan, down 56.18% from 333049.82 yuan in the same period of last year.
According to the data of digbei.com, Shanghai Shangdian is the production and service provider of large and medium-sized asynchronous motors in the motor manufacturing industry. It has a number of patented technologies, core technologies, excellent management team and good market reputation. As a qualified supplier, it provides services for the general contractor users such as MCC Jingcheng and China Power Construction Co., Ltd., as well as the main engine enterprises such as Shaangu and Jiangsu Haiou, as well as Baowu group Huaneng, Huadian and other direct users, to provide high-tech, cost-effective, to meet the personalized needs of users of large and medium-sized asynchronous motor products.