On April 26, Asia Pacific Tianneng (833559) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 143976186.58 yuan, a year-on-year decrease of 9.57%; The net profit attributable to the shareholders of the listed company was -23561049.28 yuan, an increase over the loss in the same period of last year.
During the reporting period, the net cash flow from operating activities was -3580799.90 yuan, and the net assets belonging to shareholders of listed companies were 100696687.82 yuan by the end of 2020.
During the reporting period, the R & D expenses increased by 36.68% compared with the same period last year. The main reason is that during the reporting period, the company increased its R & D efforts, basically completed the R & D of intelligent lock products, successfully developed new categories of intelligent doors, and enhanced the company’s competitive advantage; Compared with the same period last year, the financial expenses increased by 2629.82%, mainly because the company applied for long-term and short-term loans from the bank during the reporting period, and the interest of corresponding expenses increased.
During the reporting period, other income decreased by 59.43% compared with the same period last year, mainly due to the less service charge for individual income tax return received during the reporting period; Investment income decreased by 177.64% compared with the same period last year, mainly due to the operating loss of Zhan guoce, a participating subsidiary accounted by equity method.
According to digbei.com, Asia Pacific Tianneng is mainly oriented to community and home users, and is committed to the R & D, production and sales of smart home products with smart door locks as the core.