On April 26, Wali Technology (832638) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 51181697.65 yuan, a year-on-year decrease of 46.45%; The net profit attributable to the shareholders of the listed company was -11196700.93 yuan, which was higher than the loss in the same period of last year.
During the reporting period, the net cash flow from operating activities was -4651744.61 yuan, and the net assets belonging to the shareholders of the listed company was 70220249.10 yuan by the end of 2020.
During the reporting period, the operating income was 51181697.65 yuan, a year-on-year decrease of 46.45%. The main reason is that the environment of Internet segmentation industry continues to be bad, the Internet marketing market continues to be sluggish, and the market competition is fierce. Under the bad market economic environment, the company still insists on taking technology as the core, taking market demand as the guidance, and taking active market countermeasures to cope with the ever-changing market, At the same time, there is no lack of innovation, research and development of new projects. However, it still can’t withstand the impact of the environment, and the R & D achievements are not effective. Due to the decline of operating revenue, operating costs also decreased by 42.50% compared with the same period last year.
During the reporting period, the company’s operating profit of share capital was -11389035.39 yuan, and the loss continued to expand. This is mainly due to the decrease of the company’s operating income and gross profit margin, the long period of R & D investment, the failure of this year’s results, and the loss of investment in the sale of assets, resulting in a significant decrease in the overall operating profit and net profit.
According to digbei.com, Wali technology’s main business is to provide users with convenient and fast Internet access through application software download, mobile terminal product development and other Internet information services.