On April 26, Fanke (832828) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 166923522.70 yuan, up 7.19% year on year; The net profit attributable to the shareholders of the listed company was 1848019.50 yuan, a year-on-year decrease of 72.87%.
During the reporting period, the net cash flow from operating activities was 48082675.89 yuan, and the net assets belonging to shareholders of listed companies were 60004941.45 yuan by the end of 2020.
During the reporting period, the sales expenses were 68266376.69 yuan, a year-on-year increase of 32.47%, mainly due to: (1) in order to expand business, the company added a large number of sales personnel, resulting in a year-on-year increase in the salary of sales personnel: 50.44%（ 2) Affected by the epidemic, in order to obtain more online traffic, the company increased its investment in advertising expenses, which increased by 231.70% compared with last year.
During the period, the financial expense was -48989.11 yuan, compared with 764415.75 yuan in the same period of last year, which was mainly due to the company’s increasing the operation capacity of monetary capital, which made the value-added capacity of free capital greater than the financial expense.
During the period, other income was 782720.68 yuan, compared with 413340.27 yuan in the same period of last year, which was mainly due to the application for government subsidies, which were appropriated in several years. This year, some of them were collected in the accounts and the vat of life service enterprises was added and offset.
According to digbei.com, Fanke has been committed to building a SaaS platform and a new mobile internet marketing tool for small and medium-sized enterprises.