On April 26, Honghua (832907) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 189457860.86 yuan, a year-on-year decrease of 11.71%; The net profit attributable to the shareholders of the listed company was -13811123.22 yuan, from profit to loss over the same period of last year.
During the reporting period, the net cash flow from operating activities was 15328328.34 yuan, and the net assets belonging to shareholders of listed companies were 41757982.45 yuan by the end of 2020.
In 2020, the company’s operating revenue was 189.4578 million yuan, a decrease of 25.1167 million yuan compared with that in 2019; The main reason is that in 2020, the company reduced the sales of pig products in order to restore the orderly circulation of pig stock scale of breeding company, and the sales volume of single pig in 2020 decreased by 83% compared with that in 2019; At the same time, affected by African swine fever in 2019, the number of pigs in the country decreased, and the feed sales revenue also decreased by 17.24% compared with that in 2019, making the overall sales revenue of the company decreased compared with that in 2019.
In 2020, the company’s R & D expenses will be 1.5235 million yuan, an increase of 4575 million yuan compared with that in 2019; The main reason is that in order to improve the feeding technology, the company added new R & D projects and related R & D personnel, which increased the overall R & D cost by 42.92% compared with last year.
According to the data of digbei.com, Honghua Co., Ltd. is a technology-based private enterprise, which is committed to the research, development, production, sales and service of breeding, planting, feed, biological products and the extension of safe food industry. It is a key leading enterprise of agricultural industrialization in Guangxi.