On March 14, AVIC electromechanical (002013) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 12224098837.96 yuan, a year-on-year increase of 0.76%; the net profit attributable to shareholders of listed companies was 1074688536.81 yuan, a year-on-year increase of 11.85%.
During the reporting period, the net cash flow from operating activities was 1292781336.51 yuan, and the net assets attributable to shareholders of listed companies were 12914360083.50 yuan by the end of 2020.
In 2020, the company will achieve an operating revenue of 12224098837.96 yuan, accounting for 99.86% of the annual plan, an increase of 92715767.24 yuan or 0.76% over 12131383070.72 yuan in the previous year; a total profit of 1348023458.19 yuan, accounting for 102.94% of the annual profit target, an increase of 102871904.04 yuan or 8.26% over 1245151554.15 yuan in the previous year; and an annual revenue of 9013 yuan for aviation products, 695967.03 yuan, an increase of 7.60% compared with 8377126372.85 yuan in 2019; the sales revenue of non aviation products was 3112763290.65 yuan, a decrease of 14.53% compared with 3641826640.96 yuan in 2019; the modern service industry continued to compress the non main business of some units according to the requirements of the board of directors to further concentrate the main business, and the accumulated sales revenue of modern service industry was 97639 yuan in the whole year, 580.28 yuan, down 13.16% from 112430056.91 yuan in 2019. The company’s main business is further focused, and its core competitiveness and profitability continue to improve.
During the period, the financial expenses were 169810527.94 yuan, a year-on-year decrease of 16.80%. During the period, the investment income was 18463946.35 yuan, compared with -2799320.42 yuan in the same period of last year.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 2.9105 million yuan. Zhang kunhui, chairman of the board of directors, did not receive remuneration from the company. Wang Shugang, director and general manager, received 108000 yuan of pre tax remuneration from the company. Li Yunliang, financial director, received 510900 yuan of pre tax remuneration from the company. Xia Baoqi, Secretary of the board of directors, received 511200 yuan of pre tax remuneration from the company.
According to the announcement, the company’s profit distribution plan approved by the board of directors is as follows: with 3862254784 as the base, cash dividend of 0.8 yuan (including tax) will be distributed to all shareholders for every 10 shares, bonus shares of 0 shares (including tax) will be given, and no accumulation fund will be converted into share capital.
According to digbei.com, AVIC Electromechanical is committed to providing system solutions for defense and people’s livelihood, mainly engaged in related systems of aviation electromechanical industry. At present, its product spectrum covers hydraulic system, fuel system, environmental control system, aviation power system, high lift system, weapon and suspension launch system, as well as automobile seat system and air conditioning pressure system based on the development of aviation electromechanical core technology Compressor, hyperbaric oxygen chamber, isostatic press and other related fields.