Shanghai Phoenix’s net profit will increase by 125.57% in 2020



On April 28, Shanghai Phoenix (600679) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 1375720347.74 yuan, up 41.12% year on year; The net profit attributable to shareholders of listed companies was 60722253.83 yuan, up 125.57% year on year.


上海凤凰2020年净利增长125.57% 全面加强品牌建设

During the reporting period, the net cash flow from operating activities was 122538622.06 yuan, and the net assets attributable to shareholders of listed companies were 1901516654.99 yuan by the end of 2020.

After the outbreak of the New Coronavirus epidemic, the company carried out the New Coronavirus epidemic prevention and control special work quickly, and raised the epidemic prevention and control materials in various ways, effectively promoting the resumption of work and resumption of production. The company’s bicycle production base resumed work and production on February 20, becoming the first batch of enterprises in the bicycle industry to fully resume work and production. At the same time, in order to better solve the problems of parts supply, the company also actively promoted the resumption of supply chain by helping to raise epidemic prevention materials, so as to prepare for the first wave of bicycle consumption peak after the epidemic.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 4.8332 million yuan. Zhou Yongchao, chairman of the board, received a total pre tax remuneration of 283700 yuan from the company; Zhou Weizhong, chairman of the board, received a total pre tax remuneration of 141900 yuan from the company; Guo Jianxin, the director and general manager, received a total pre tax remuneration of 425600 yuan from the company; Li Weizhong, director and deputy general manager, received a total pre tax remuneration of 370300 yuan from the company; Liu Feng, deputy general manager and Secretary of the board of directors, received a total pre tax remuneration of 368900 yuan from the company.

According to the data of digbei.com, Shanghai Phoenix’s main business of Phoenix Bicycle is complete brand management, production research and development, and product sales system. The Phoenix brand bicycle series products produced and sold are not only exported to Europe, America, Latin America and other international markets, but also well-known domestic best-selling products.

 


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