On May 6, Xiangyuan new material (300980) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 316692308.60 yuan, up 11.40% year on year; The net profit attributable to shareholders of listed companies was 74932891.72 yuan, up 35.15% year on year.
During the reporting period, the net cash flow from operating activities was 73570296.86 yuan, and the net assets attributable to shareholders of listed companies were 304016743.64 yuan by the end of 2020.
During the reporting period, the company realized an operating income of 316692308.6 yuan, an increase of 11.4% over the previous year, and realized a net profit of 74932891.72 yuan attributable to the shareholders of the listed company, an increase of 35.15% over the previous year.
In 2020, the company increased R & D investment, obtained a series of important intellectual property rights and participated in the formulation of new national standards. In 2020, the company’s R & D investment was 19.955 million yuan, a year-on-year increase of 19.53%, accounting for 6.19% of the current operating revenue. In 2020, the company has obtained 13 patents authorized by the State Intellectual Property Office, including 7 invention patents and 6 utility model patents. In addition, the national “plastic polyethylene foam test method”, which is chaired by the company, has entered the stage of approval.
In 2020, the company calls on all staff to pay attention to improving innovation, reducing cost and increasing efficiency, and has achieved good results. In order to improve work efficiency and performance, we should innovate in management, advocate work flow and standardization, and promote the quantification of performance indicators and the decomposition of performance objectives to people; The automation and intelligent investment in equipment can reduce the labor of production line, improve the stability of product quality and improve the operation efficiency; The process is optimized, and the output efficiency of equipment and product is improved again. All staff responded positively and gathered wisdom, showing a top-down cultural atmosphere of positive improvement and enhancing the awareness of cost reduction.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 3.5639 million yuan. Wei Zhixiang, chairman of the board, received 533000 yuan of pre tax remuneration from the company, Wei Qiong, director and general manager, 644100 yuan of pre tax remuneration from the company, and Wang pan, Secretary of the board of directors and chief financial officer, received 295800 yuan of pre tax remuneration from the company.
According to our data, Xiangyuan new materials focuses on the R & D, production and sales of polyolefin foaming materials.