Molding technology’s net profit will drop by 86% in 2020, and Cao Kebo, chairman of the board, will be paid 4.133 million yuan



On April 29, molding technology (000700) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 6124452567.36 yuan, up 11.57% year on year; The net profit attributable to the shareholders of the listed company was 14378735.60 yuan, a year-on-year decrease of 86.00%.


模塑科技2020年净利下滑86% 董事长曹克波薪酬413.33万

During the reporting period, the net cash flow from operating activities was RMB 249575704.28, and the net assets attributable to shareholders of listed companies were RMB 275934207.49 by the end of 2020.

During the reporting period, the sales expense was 107084459.05 yuan, compared with 148634751.31 yuan in the same period of last year, with a year-on-year decrease of 27.95%. This was mainly due to the fact that the company took the relevant transportation expenses in the process of performing the obligation of commodity delivery but not constituting a single performance obligation as the contract performance cost, which was recognized as the operating cost, resulting in the year-on-year decrease of sales expense.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 12.405 million yuan. Cao Kebo, chairman and general manager of the board of directors, received 4.133 million yuan of pre tax remuneration from the company, Yao Wei, director, 2.7938 million yuan of pre tax remuneration from the company, Qian Jianfen, chief financial officer, 765000 yuan of pre tax remuneration from the company, and Shan Chenyan, Secretary of the board of directors, 30300 yuan of pre tax remuneration from the company.

According to our data, molding technology is mainly engaged in the production and sales of car bumpers, anti friction strips and other automotive decorative parts.

 


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