On April 29, Changchun Yidong (600148) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 1156071125.81 yuan, a year-on-year increase of 22.49%; The net profit attributable to shareholders of listed companies was 57215643.44 yuan, up 184.51% year on year.
During the reporting period, the net cash flow from operating activities was 49796318.45 yuan, and the net assets attributable to shareholders of listed companies were 481493556.21 yuan by the end of 2020.
According to the statistics of the automobile industry association, in 2020, the production and sales of 25.525 million vehicles and 25.311 million vehicles decreased by 2.0% and 1.9% year-on-year, and decreased by 5.5 percentage points and 6.3 percentage points respectively compared with the previous year. Commercial vehicles are the company’s main market.
It can be seen from the market that the commercial vehicle market has a large growth year on year, and the sales volume of heavy truck market has increased significantly, which brings opportunities for the development of the company. For the company itself, with the rapid development of high-end heavy truck models, the traditional clutch industry is facing increasingly fierce market competition and new challenges. Therefore, on the basis of refining traditional clutches, the company needs to further strengthen the development of matching high-power heavy truck clutches and matching high-end heavy truck transmission system components, so as to form an industrial pattern with multiple product types. The management of the company will continue to improve the technology upgrading and transformation of products, seize the market and share, increase the market share of commercial vehicles, keep up with the technical development direction of clutch industry, and increase the development of high-end heavy truck clutch, clutch by wire system, torsion damper and AMT actuator products, so as to realize innovation drive.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 2.6912 million yuan. Gao Rusen, chairman and director of the board of directors, did not receive remuneration from the company; Meng Qinghong, director and general manager, received a total pre tax remuneration of 798100 yuan from the company; Guo Jie, deputy general manager, received a total pre tax remuneration of 592300 yuan from the company; Sun changzeng, deputy general manager and former Secretary of the board of directors, received a total pre tax remuneration of 578600 yuan from the company; Zhou Yong, deputy general manager and Secretary of the board of directors, received a total pre tax remuneration of 381400 yuan from the company.
According to digbei.com, Changchun Yidong is mainly engaged in the R & D, production and sales of automobile parts such as automobile clutch and hydraulic lifting mechanism.