On April 26, Baigu Technology (832690) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 35523001.08 yuan, a year-on-year decrease of 9.24%; The net profit attributable to the shareholders of the listed company was -2161374.74 yuan, which was lower than that of the same period of last year.
During the reporting period, the net cash flow from operating activities was -2899782.42 yuan, and the net assets belonging to shareholders of listed companies were 31151514.77 yuan by the end of 2020.
During the reporting period, the annual operating revenue of the company was 35.523 million yuan, down 9.24% compared with the same period of last year. This is mainly due to the fierce market competition of traditional electric energy metering boxes (SMC glass fiber reinforced plastic meter box and PC + ABS transparent meter box) in this year, which reduced the company’s bid winning rate; The company’s annual gross profit rate was 20.83%, down 5.27% compared with the same period of last year. This is mainly due to the following reasons: first, the order volume of SMC glass fiber reinforced plastic watch box and PC + ABS transparent watch box with higher gross profit rate this year decreased; Second, in order to gain market share this year, the unit price of bidding has been adjusted, resulting in a decrease in gross profit rate compared with that of last year.
The net profit of the Company attributable to the shareholders of the listed company was – 2.614 million yuan, an increase of 73.70% over the same period of last year. This was mainly due to the combined influence of the following factors: first, the number of winning orders decreased in this year, and the sales amount of entrusted processing business in the same industry without commission accounted for 33.49%, so the Commission decreased by 3.3617 million yuan over the same period of last year, Second, most of the three-year futures deposit of Yunnan projects in this year was recovered, and the credit impairment loss decreased by 1.585 million yuan compared with the same period of last year. Third, the R & D projects in this year were not commissioned for external development, and all of them were independently developed by the company’s internal personnel, and the R & D expenses in this year decreased by 1.2194 million yuan compared with the same period of last year.
According to the data of digbei network, Baigu Technology specializes in R & D, design, production and sales of meter metering box, comprehensive distribution box, intelligent comprehensive optimization equipment of power quality, supporting equipment of smart grid, online monitoring system equipment of distribution network and other distribution equipment, as well as supporting technical services& nbsp;