On April 26, Tiangang Co., Ltd. (832651) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 241596522.55 yuan, up 8.33% year on year; The net profit attributable to the shareholders of the listed company was 55444238.01 yuan, up 15.72% year on year.
During the reporting period, the net cash flow from operating activities was 50754131.76 yuan, and the net assets belonging to the shareholders of the listed company were 276891113.21 yuan by the end of 2020.
During the reporting period, the operating income was 241596522.55 yuan, an increase of 8.33% over the same period of last year, mainly due to the increase of income from heat meters and systems and heat supply energy-saving projects. Due to the epidemic situation, the income of water meters and flow meters decreased year on year due to the delay of contract delivery.
The investment income was 3489435.61 yuan, with a year-on-year increase of 140.32%, which was mainly due to the increase of bank breakeven financial products during the reporting period.
According to the data of digbei.com, Tiangang Co., Ltd. is a national key high-tech enterprise specializing in the development and production of ultrasonic intelligent metering instruments and energy-saving overall solutions for heating and water supply industry.