On April 26, Sinotech energy (833037) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 155199178.53 yuan, up 24.46% year on year; The net profit attributable to the shareholders of the listed company was 16230058.26 yuan, up 19.02% year on year.
During the reporting period, the net cash flow from operating activities was 26100202.59 yuan, and the net assets belonging to the shareholders of the listed company was 127293702.22 yuan by the end of 2020.
In 2020, the company’s operating revenue was 155199178.53 yuan, an increase of 24.46% compared with 124699724.90 yuan in the same period of last year; The operating cost was 92926725.58 yuan, up 21.93% from 76210634.28 yuan in the same period of last year; The net profit was 15761507.82 yuan, up 22.71% from 12844279.70 yuan in the same period of last year.
During the reporting period, the main reason for the increase in net profit was that Hunan Zhongji Huashi Energy Co., Ltd. was put into operation in October 2019. In 2020, the net profit was 5566808.26 yuan, an increase of 5359308.4 yuan compared with that of the previous year.
According to the data of digbei.com, China tech energy is in the business service industry, and its main products and services are divided into new energy power generation and bidding agency services.