On May 8, Yinshan (872247) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 263046022.72 yuan, up 0.35% year on year; The net profit attributable to the shareholders of the listed company was 32030890.96 yuan, up 97.22% year on year.
During the reporting period, the net cash flow from operating activities was 20552132.13 yuan, and the net assets belonging to the shareholders of the listed company was 124159052.26 yuan by the end of 2020.
During the reporting period, the company realized an operating revenue of 263046022.72 yuan, an increase of 0.35% over the previous year, and the total revenue had little change compared with the previous year. As of the end of the reporting period, the company’s net profit attributable to the shareholders of the listed company was 32030890.96 yuan, an increase of 97.22% over the same period of last year. The main reason was that the quality of the company’s main business product, coin making cotton pulp, increased during the reporting period. Although the output of the company’s products decreased, the unit price of the products increased, making the company’s operating revenue stable, The increase of gross profit rate leads to the increase of net profit.
According to digbei.com, Yinshan Co., Ltd. is mainly engaged in the production, sales and cotton trade of special cotton pulp and pure cotton home textile products.