Huafang’s net profit will increase by 53.64% in 2020, and new breakthroughs will be made in market development

On April 29, Huafang Co., Ltd. (600448) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 3340497716.83 yuan, up 8.36% year on year; The net profit attributable to shareholders of listed companies was 17822134.39 yuan, up 53.64% year on year.

华纺股份2020年净利增长53.64% 市场开拓取得新突破

During the reporting period, the net cash flow from operating activities was 239281726.15 yuan, and the net assets attributable to shareholders of listed companies were 1424570336.87 yuan by the end of 2020.

Since 2020, affected by the global epidemic, the import and export and domestic sales of textiles have been significantly impacted. In addition, the Sino US trade disputes are intensifying, the US tariff threat and other trade protection measures are constantly introduced, the appreciation of RMB further reduces the profit margin, and the international trade environment is full of many uncertainties, which aggravates the downturn of the textile industry. In the face of the dual test of COVID-19 and the economic situation, the company insists on driving development by technological innovation, promoting transformation and upgrading by intelligent manufacturing, promoting market development by brand building, promoting enterprise development with personnel training, firmly building the spirit and building of employees with cultural construction, actively taking social responsibility, constantly strengthening internal management and promoting lean production. The company has achieved steady progress and achieved good results.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 4.983 million yuan. Wang Limin, chairman of the board, received a total pre tax remuneration of 710000 yuan from the company; Liu Shuichao, director of the board of directors and the general assembly, received a total pre tax remuneration of 451600 yuan from the company; Yan Yingshan, director and general manager, received a total pre tax remuneration of 553600 yuan from the company; Zhao Yuzhong, director and general counsel, received a total pre tax remuneration of 383600 yuan from the company; Ding zetao, Secretary of the board of directors, received a total pre tax remuneration of 319600 yuan from the company.

According to, Huafang Co., Ltd. takes printing and dyeing processing as its main business, and forms a diversified development mode including spinning, clothing, home textile products, textile trade, brand development, “B2B” platform, financial investment, thermal power and other businesses.



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