On April 26, Dongjiu heavy industry (837302) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 314665073.07 yuan, a year-on-year decrease of 6.36%; The net profit attributable to the shareholders of the listed company was 44114521.22 yuan, up 24.84% year on year.
During the reporting period, the net cash flow from operating activities was 52320628.51 yuan, and the net assets belonging to the shareholders of the listed company was 344691013.58 yuan by the end of 2020.
During the reporting period, the sales expenses were 10579668.55 yuan, a decrease of 38.25% compared with the same period of last year. The main reason was that the company began to implement the new revenue standard on January 1, 2020, and included the transportation expenses directly related to the contract performance in the operating cost.
The operating profit was 48296672.89 yuan, an increase of 35.33% over the same period of last year, mainly due to the low price of raw materials, the implementation of the national tax and fee reduction policy, and the decrease of sales expenses, management expenses, R & D expenses and financial expenses over the same period of last year.
According to digbei.com, based on the waste heat boiler industry, Dongjiu heavy industry mainly develops and manufactures waste heat boiler products.