On April 26, Dawei Co., Ltd. (300535) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 469644448.65 yuan, up 18.49% year on year; The net profit attributable to shareholders of listed companies was 57029588.63 yuan, up 44.86% year on year.
During the reporting period, the net cash flow from operating activities was -27346795.52 yuan, and the net assets attributable to shareholders of listed companies were 822068803.97 yuan by the end of 2020.
In 2020, the company’s operating revenue was 469.6444 million yuan, an increase of 18.49% year on year; The operating profit was 57.3803 million yuan, up 32.9% year on year; The net profit attributable to the shareholders of the parent company was 57.0296 million yuan, an increase of 44.86% year on year.
At the beginning of 2020, the outbreak of New Coronavirus, faced with severe test and many complicated domestic and international environment, the Department of chemical industry withstood the pressure of production and operation. Under the leadership of the board of directors, the Ministry of chemical industry made every effort to carry out epidemic prevention work and strive to minimize the adverse effects of the epidemic. At the same time, the management seized the opportunity in the crisis and made every effort to seize the market, realizing the adverse growth of the company’s chemical business performance and creating a new record.
Through initial investment and step-by-step acquisition of the original shareholders’ shares of Weiyuan Dawei Wood Industry Co., Ltd., the company achieved the control conditions of Weiyuan wood industry in January 2020 and incorporated it into the consolidated statements. During the reporting period, the organizational structure of Weiyuan wood industry was gradually improved, the business module processes were running well, the market expansion ability was improved, and the production capacity was gradually released. Weiyuan wood industry developed rapidly, with an annual operating revenue of 53.3609 million yuan, becoming a new performance growth point of the company.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 2.1117 million yuan. Yan Jianlin, chairman and general manager, received 775900 yuan of pre tax remuneration from the company, Luo Mei, chief financial officer, 273700 yuan of pre tax remuneration from the company, and Li Hong, director, deputy general manager and Secretary of the board of directors, 3435000 yuan of pre tax remuneration from the company.
According to digbei.com, Dawei mainly focuses on the operation of leather chemicals. At the same time, develop the production and sales business of multi-layer ecological solid wood board.