On April 26, Gaodi (836775) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 141332587.65 yuan, up 11.45% year on year; The net profit attributable to the shareholders of the listed company was 13569725.57 yuan, a year-on-year decrease of 39.76%.
During the reporting period, the net cash flow from operating activities was 30359774.39 yuan, and the net assets belonging to the shareholders of the listed company was 92881289.76 yuan by the end of 2020.
In 2020, the company pays attention to the main business, especially the market expansion of new products, and the sales volume of concrete prefabricated parts increases significantly. The operating revenue of concrete prefabricated parts increases from 49.3777 million yuan in 2019 to 56.5165 million yuan in 2020, with a year-on-year growth of 14.46%. The revenue of newly put into operation AAC products is 17.3784 million yuan in 2020, which thickens the company’s performance.
With the growth of sales volume of traditional products and market expansion of new products, the operating revenue has increased; At the same time, it also increases the operating cost and management cost; Compared with the previous period, the sales expenses decreased by 54.98%, mainly due to the company’s implementation of the new revenue standard on January 1, 2020, and the transportation expenses were included in the operating cost accounting. The increase in other income and non operating income was mainly due to the increase in government subsidies received; As a result of the above account data changes, resulting in changes in operating profit and net profit data.
During the period, the financial expenses were 1588541.01 yuan, up 794.28% year on year, mainly due to bank loans and financial leasing.
According to digbei.com, Gaodi Co., Ltd. is engaged in comprehensive utilization of waste resources. Its main business includes R & D, processing and sales of fly ash, desulfurization gypsum, slag and other solid wastes, R & D, production and sales of concrete and concrete standard prefabricated parts, R & D, production and sales of building supporting products (bone revealing agent), and labor subcontracting.