On April 27, Zhejiang Dongri (600113) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 504059396.46 yuan, up 1.14% year on year; The net profit attributable to shareholders of listed companies was 29643294.55 yuan, down 78.21% year on year.
During the reporting period, the net cash flow from operating activities was 201957902.13 yuan, and the net assets attributable to shareholders of listed companies were 1466347107.80 yuan by the end of 2020.
The net profit attributable to the shareholders of the listed company was 29643294.55 yuan, a year-on-year decrease of 78.21%. The main reason was that the company held 78 million shares of Bank of Wenzhou Co., Ltd., which were measured at fair value and included in the current profits and losses, Due to the implementation of the new accounting standards for financial instruments, Wenzhou bank’s book net assets decreased significantly, resulting in a sharp decline in the fair value of the part held by the company, with an impact on the company of – 122.9839 million yuan this year.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 4.4154 million yuan. Yang Zuojun, chairman of the board of directors, did not receive remuneration from the company. Yang Chengyu, vice chairman and general manager, received a total of 675300 yuan of pre tax remuneration from the company. Xie Xiaolei, Secretary of the board of directors, chief financial officer and deputy general manager, received a total of 541200 yuan of pre tax remuneration from the company.
According to digbei.com, Zhejiang Dongri’s main businesses are wholesale market business of agricultural and sideline products and distribution business of fresh food materials (garnish business).