Kangxin new material will lose 161 million yuan in 2020, and the construction is insufficient in the early stage



On April 27, kangxincai (600076) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 1023101597.24 yuan, a year-on-year decrease of 49.17%; The net profit attributable to the shareholders of the listed company was -161395835.08 yuan, from profit to loss over the same period of last year.


康欣新材2020年亏损1.61亿元 前期开工不足

During the reporting period, the net cash flow from operating activities was -468688450.23 yuan, and the net assets attributable to shareholders of listed companies were 3952255188.91 yuan by the end of 2020.

In the process of epidemic prevention and control, employees at all levels of the company, whether staying at home or returning to work, always exchange information, analyze market trends, understand needs, contact feelings, and strive for support with customers such as major container factories and container owners through online contact, wechat communication, and mailing samples. Under the severe situation of sharp decrease in export business volume and shutdown of container factories for holidays, A number of container factories still fulfill the previous contract and cooperate with our company to postpone the delivery of the signed order. In order to stabilize the customer’s confidence in our company’s supply, the sales department overcame the difficulties, strengthened the scheduling and coordination with the production department, logistics company, outsourcing manufacturers and other parties, ensured the smooth delivery of the company’s products, made the normal execution of the contract, the order volume still ranked among the top in the industry, and maintained the company’s product advantage in the container plate industry.

At the end of the third quarter of 2020, the container shipping industry began to recover, with a surge in orders; However, due to insufficient start-up in the early stage, some employees of the production line lost, resulting in low production capacity. In order to guarantee the timely issuance of loans, the general manager of the company successively went to various units and departments for meetings to mobilize, and asked the administrative staff to sign up for the workshop to support production. At the same time, he called on all staff to widely publicize and mobilize relatives, friends and neighbors to join Kangxin, ensuring the normal operation of each production line. The production and sales departments cooperate closely to improve the production capacity, and at the same time, arrange and deliver the multi-layer clone surface, CoSb clone surface, and multi-layer coated surface; The online and offline whole process tracking of the sales department not only ensures timely delivery, but also realizes zero customer complaints and maintains the company’s image.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 3.271 million yuan. Shao Jiandong, chairman of the board of directors, did not receive remuneration from the company. Guo Zhixian, director and general manager, received a total of 610000 yuan of pre tax remuneration from the company, Qin Zhengyi, chief financial officer, 300000 yuan of pre tax remuneration from the company, and Mou Xun, Secretary of the board of directors, 216000 yuan of pre tax remuneration from the company.

According to the data of digging shell net, Kangxin new material is mainly engaged in the R & D, production and sales of high-quality and new wood composite materials such as container floor, as well as afforestation and cultivation and sales of high-quality seedlings. The main products include poplar composite container floor, CoSb composite container floor, environmental protection board and other high-quality and new wood composite materials, as well as fast-growing poplar seedlings, Heather, cedar, osmanthus and other green seedlings and landscape trees.

 


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