On April 28, Changhang Phoenix (000520) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 715103027.76 yuan, down 9.76% year on year; The net profit attributable to the shareholders of the listed company was 10529048.74 yuan, a year-on-year decrease of 67.24%.
During the reporting period, the net cash flow from operating activities was 27716883.82 yuan, and the net assets attributable to shareholders of listed companies were 420888481.56 yuan by the end of 2020.
In 2020, the annual average value of China’s coastal coal freight index (cbcfi) is 674.75 points, a year-on-year decrease of 9.65%, which has a great impact on shipping enterprises. In the first half of the year, domestic industrial production was blocked, residents’ travel was limited, the demand for bulk cargo such as coal and ore dropped to freezing point, a large number of market capacity was idle, and the freight rate fell to a low level unilaterally; In the second half of the year, with the effective control of the epidemic, the accelerated economic recovery, the release of domestic demand power, the demand for bulk cargo rebounded first, and the transportation demand gradually improved; In the fourth quarter, the economic operation entered the upward path of recovery, domestic industrial production demand stabilized and rebounded, combined with the impact of extreme cold weather, industrial and domestic power consumption increased greatly, coal supply tension continued to intensify, and freight index rose.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 8.5783 million yuan. Zhang Jun, chairman of the board, received 337500 yuan of pre tax remuneration from the company, Wang Tao, director and general manager received 1566000 yuan of pre tax remuneration from the company, Liu xiangteng, chief financial officer received 216000 yuan of pre tax remuneration from the company, and Li Hao, Secretary of the board of directors, received 108000 yuan of pre tax remuneration from the company.
According to digbei.com, the main business of Changhang Phoenix is dry bulk shipping and port and shipping logistics services, including dry bulk transportation, shipping agent, freight forwarder, comprehensive logistics and special large cargo transportation; Ship charter; Crew services, property management, etc.