On May 8, people.com (836012) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 710669034.14 yuan, up 4.93% year on year; The net profit attributable to the shareholders of the listed company was 7802358.06 yuan, turning losses into profits on a year-on-year basis.
During the reporting period, the net cash flow from operating activities was -2589671.87 yuan, and the net assets belonging to the shareholders of the listed company were 518624095.01 yuan by the end of 2020.
During the reporting period, the operating revenue / operating cost increased by 4.93% and 16.32% respectively compared with the same period in 2019, mainly due to the growth of information flow business revenue.
Sales expenses decreased by 45.97% compared with the same period in 2019. On the one hand, due to the impact of the epidemic on the company’s sales performance, the salary of sales staff decreased significantly. On the other hand, in the case that the classified information publishing business has been very mature, the company uses refined management means and the construction of organizational capacity for business adaptation to reduce the expenditure of revenue personnel on the premise of maintaining the stability of platform business.
According to the data of digbei.com, renmin.com is committed to providing an information platform “connecting all life needs”. It is one of the largest classified information websites in China, helping users easily find and publish local life information such as second-hand goods trading, second-hand car trading, housing rental, job hunting, dating activities, pet adoption, life services, etc. Over the years, in terms of services for small and medium-sized businesses, people.com has always taken enabling small and medium-sized businesses to provide marketing services as its mission.