Huichuan technology’s net profit in 2020 will be 2.1 billion yuan, an increase of 120.62%. Zhu Xingming, chairman of the board, will be paid 3.5975 million yuan



On May 3, Huichuan Technology (300124) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 11511316766.18 yuan, a year-on-year increase of 55.76%; The net profit attributable to shareholders of listed companies was 2100142115.63 yuan, up 120.62% year on year.


汇川技术2020年净利21亿增长120.62% 董事长朱兴明薪酬359.75万

During the reporting period, the net cash flow from operating activities was 1467347716.94 yuan, and the net assets attributable to shareholders of listed companies were 10637459253.25 yuan by the end of 2020.

During the reporting period, the company achieved a total operating revenue of 11.511 billion yuan, an increase of 55.76% over the same period of last year; The operating profit was 2.348 billion yuan, an increase of 124.15% over the same period of last year; The total profit was 2.344 billion yuan, an increase of 121.97% over the same period of last year; The net profit attributable to shareholders of listed companies was 2.100 billion yuan, an increase of 120.62% over the same period of last year; The comprehensive gross profit rate of the company’s products is 38.96%; The company’s basic earnings per share was 1.22 yuan, an increase of 110.34% over the same period of last year.

The reasons for the performance changes are as follows: 1. During the reporting period, due to the pull of new infrastructure, the outbreak of overstocked market demand, the competitive advantage of China’s manufacturing industry in the world, and the market recognition of the new power of new energy vehicle manufacturing, the downstream industries / customers have strong demand for the company’s related products, such as servo system, PLC, general frequency converter, industrial robot, etc New energy passenger vehicle electronic control and other products have achieved rapid growth; ② Due to the change of the company’s product sales structure and the initial effect of cost reduction and efficiency improvement measures, the gross profit rate of the company’s servo system, control system, elevator integration, new energy passenger car electric control, rail transit traction system and other related products has increased year on year; ③ In recent years, the company continues to implement management reform, which improves the company’s operation efficiency. The growth rate of sales expenses, management expenses and R & D expenses is lower than that of revenue; ④ The company received VAT software rebate and government subsidies, investment income and exchange income from overseas investment funds increased; ⑤ Shanghai best Electric Co., Ltd., the newly added consolidated entity of the company, also contributed to the growth of the company’s operating revenue and net profit attributable to shareholders of listed companies (the company included best into the scope of consolidated statements from July 2019).

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 29.022 million yuan. Zhu Xingming, chairman and President of the board of directors, received 3.5975 million yuan of pre tax remuneration from the company, Liu Yingxin, chief financial officer, 2.219 million yuan of pre tax remuneration from the company, and song Junen, director, vice president and Secretary of the board of directors, 2.2638 million yuan of pre tax remuneration from the company.

According to the data of digbei.com, Huichuan technology business is divided into general automation business, elevator electric supporting business, and new energy vehicle electric drive & amp; Power system business, industrial robot business, rail transit business. Products include: inverter, servo system, control system, integrated special machine, high performance motor, encoder, industrial robot, precision machinery, electric drive & amp; Power assembly system, traction system and other products and solutions are widely used in all walks of life in the industrial field.

 


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