Huada technology’s net profit will increase by 47.02% in 2020, and Chen Jinghong, chairman of the board, will get a salary of 1.032 million yuan



On April 28, Huada Technology (603358) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 4133828977.69 yuan, a year-on-year decrease of 1.05%; The net profit attributable to shareholders of listed companies was 229140061.34 yuan, up 47.02% year on year.


华达科技2020年净利增长47.02% 董事长陈竞宏薪酬103.2万

During the reporting period, the net cash flow from operating activities was 544994505.63 yuan, and the net assets attributable to shareholders of listed companies were 2787302574.76 yuan by the end of 2020.

In 2020, according to the consolidated statements, the company realized an operating revenue of 4133.829 million yuan, a decrease of 1.05% compared with the same period last year; The net profit was 229.1401 million yuan, an increase of 47.02% over the same period last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 214.0621 million yuan, an increase of 43.99% over the same period last year; By the end of 2020, the total assets of the company were RMB 5.080 billion, an increase of 9.48% over the beginning of the period, and the net assets attributable to shareholders of the listed company were RMB 2.787 billion, an increase of 5.09% over the beginning of the period.

As a new component of new energy power system, the shell of power battery system has brought new market increment for auto parts industry, and its market scale has also been rapidly improved. Jiangsu Hengyi, a subsidiary of the company, is mainly responsible for the production and processing of power battery system shell. Relying on the advantages of stamping and welding technology, assembly parts production management ability, aluminum alloy die castings, aluminum alloy profiles and other parts and other basic process technology, the company actively arranges the battery shell business field. Adhering to the principle of “going out and being close to the market”, the company has laid out production lines in Liyang, Jiangsu Province, Ningde, Fujian Province, Guangzhou, Guangdong Province and Chengdu, Sichuan Province. The completion of the production line layout will further enhance the production capacity of the subsidiary and meet the needs of the company’s future development of “alternative products” and market expansion. By covering the value industry chain, Jiangsu Hengyi has formed the ability to develop profile extrusion in the upstream and open system integration in the downstream. It is expected to grow into a leader in the global aluminum alloy lightweight parts market in the future.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 6.1119 million yuan. Chen Jinghong, chairman of the board, received a total pre tax remuneration of 1.032 million yuan from the company; GE Jianghong, director and general manager, received a total pre tax remuneration of 951 600 yuan from the company; Yang Jianguo, chief financial officer, received a total pre tax remuneration of 356 600 yuan from the company; Xu Zhengmin, Secretary of the board, received a total pre tax remuneration of 218 800 yuan from the company.

According to the data of digbei.com, Huada technology is an enterprise focusing on the development, production and sales of passenger car body parts and related molds.

 


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