Beijing business daily (reporter Zhao Fengrui) on the evening of April 27, Gansu Mogao Industrial Development Co., Ltd. (hereinafter referred to as “Mogao shares”) released its annual report for 2020 and the announcement in the first quarter of 2021. According to the announcement, the company will achieve an operating revenue of 133 million yuan in 2020, a year-on-year decrease of 24.95%, and a net profit of 1859600 yuan, a year-on-year decrease of 93.22%. In the first quarter of 2021, the company realized a revenue of 32.7834 million yuan, a year-on-year increase of 89.34%, and realized a net profit of 5.834 million yuan. Compared with the loss of 7.2417 million yuan in the same period of last year, the net profit has increased, but it is still in the state of loss.
As for the decline of performance in 2020, Mogao said that the decline of revenue in 2020 was mainly affected by the epidemic. The terminal consumer market is depressed, the circulation link is limited, and the downstream demand is sluggish, resulting in a sharp decline in the company’s wine business and drug business revenue. The decline of the company’s net profit is mainly caused by the decline of operating revenue.
Beijing business daily learned that in 2020, the operating revenue of Mogao Co., Ltd. was 761.161 billion yuan, a year-on-year decrease of 36.91%, and the operating revenue of pharmaceutical business was 17.329 million yuan, a year-on-year decrease of 42.40%. From the performance point of view, the revenue of two major business sectors of Mogao Co., Ltd. will decline in 2020.
Different from the decline of product revenue in 2020, the product revenue of Mogao in the first quarter of 2021 increased. According to the business data announcement of Mogao in the first quarter of 2021, the revenue of medium and high-end products was 10.3908 million yuan, up 70.27% year on year, and that of ordinary products was 6.4032 million yuan, up 146.59% year on year. From the regional perspective, the revenue of Mogao in the province was 9.4349 million yuan, a year-on-year increase of 164.88%, and that outside the province was 7.3591 million yuan, a year-on-year increase of 43.25%.
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