On April 28, Huaguang Xincai (688379) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 860345498.10 yuan, a year-on-year increase of 12.11%; The net profit attributable to shareholders of listed companies was 64682069.06 yuan, up 9.03% year on year.
During the reporting period, the net cash flow from operating activities was -335222133.45 yuan, and the net assets attributable to shareholders of listed companies were 891024971.64 yuan by the end of 2020.
In the first half of 2020, the main business income decreased by 8.13% year-on-year. In the second half of 2020, the company seized the market opportunity and achieved steady growth in production capacity and sales volume, achieving a year-on-year growth of 12.29% in main business income.
In 2020, the company’s domestic and overseas revenue grew steadily year on year, increasing by 11.88% and 22.11% respectively over the previous year. The company overcame the impact of the epidemic, increased online and offline development, and realized the growth of overseas areas.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 3.5351 million yuan. Jin Li Mei, chairman and general manager of the board of directors, received 370500 yuan of pre tax remuneration from the company, Hu Ling, director, deputy general manager and Secretary of the board of directors, received 316500 yuan of pre tax remuneration from the company, and Yu Jie, financial director, received 247200 yuan of pre tax remuneration from the company.
According to the data of digbei.com, Huaguang new material is a national high-tech enterprise specialized in R & D, manufacturing and sales of brazing materials. As one of the leading enterprises in the domestic solder industry.