Digbei.com on April 26, Sitong Xincai (300428) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 133915979.21 yuan, a year-on-year decrease of 2%; The net profit attributable to shareholders of listed companies was 432572332.67 yuan, down 27.59% year on year.
During the reporting period, the net cash flow from operating activities was 362572860.91 yuan, and the net assets attributable to shareholders of listed companies were 4176660207.33 yuan by the end of 2020.
In 2020, COVID-19 had a great impact on the globalized automobile industry. According to the data released by the world auto organization OICA, the global automobile output in 2020 dropped by 16% to below 78 million vehicles, of which Europe’s average decline was over 21%, and the US’s year-on-year decline was 19%, and the Asian market performance was good, with a drop of only 10%. Against the background of a sharp decline in global automobile production, China’s automobile manufacturing industry performed well. Although it suffered a heavy blow at the beginning of 2020, it recovered rapidly after that, and finally completed the annual production of 25.525 million vehicles, a decline of only 2%, which basically eliminated the impact of the epidemic, and its production and sales continued to rank first in the world.
As the upstream part of the automotive industry chain, the automobile parts and aluminum alloy production enterprises are actively responding to COVID-19 and the complicated and changeable external economic situation during the reporting period. According to the established development strategy and business objectives at the beginning of the year, the company carried out various tasks in a meticulous and meticulous manner, under the background of sustained growth in the macro-economic and industrial pressures. In 2020, the company will achieve a total operating income of 133915979.21 yuan, a decrease of 2.00% compared with the same period last year; As the company’s aluminum alloy wheel business accounts for a relatively high proportion of exports, affected by the sharp decline in overseas automobile production and the continuous depreciation of the US dollar, the company will achieve a total profit of 575002952.00 yuan in 2020, a decrease of 27.97% compared with the same period last year; The net profit attributable to shareholders of the listed company was 432572332.67 yuan, down 27.59% compared with the same period last year.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 4.3832 million yuan. Zang Liguo, chairman and director of the board of directors, received a total pre tax remuneration of 301500 yuan from the company, Zang Yongxing, vice chairman, director and general manager, 232600 yuan from the company, Yang Guoyong, chief financial officer, 197200 yuan from the company, and Li Zhiguo, secretary and director of the board of directors, 263700 yuan from the company.
According to the data of digbei.com, Sitong new material takes the “global supplier of new light alloy materials and lightweight auto parts” as its market positioning, and its main business is new functional master alloy materials, casting aluminum alloy materials and aluminum alloy wheel products. Each business segment is the leader of the subdivided industry, and it is the only company in the industry that has the advantages of R & D and manufacturing of smelting equipment, R & D and manufacturing of casting aluminum alloy, R & D and manufacturing of casting aluminum alloy, R & D and manufacturing of casting aluminum alloy, R & D and manufacturing of casting aluminum alloy Functional master alloy R & D and manufacturing, wheel mold R & D and manufacturing, wheel product design and production technology research and manufacturing complete industry chain company.