Sifang’s net profit in 2020 will be 344 million yuan, with an increase of 83.07%. Its business performance will grow steadily. Liu Zhichao, President of Sifang, will be paid 1.549 million yuan



On March 18, Sifang (601126) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 3863193917.52 yuan, a year-on-year increase of 4.94%; the net profit attributable to shareholders of listed companies was 343951415.13 yuan, a year-on-year increase of 83.07%.


四方股份2020年净利3.44亿增长83.07%经营业绩稳步增长 总裁刘志超薪酬154.9万

During the reporting period, the net cash flow from operating activities was 985428570.62 yuan, and the net assets attributable to shareholders of listed companies were 4157408719.46 yuan by the end of 2020.

The downtown pressure on the economy novel coronavirus pneumonia has been increasing. The board and business team have been actively responding to changes in the external environment, sustained technological innovation, strengthened market sales and product development management, promoted improvement and upgrading in operation management, customer service and cultural construction, and realized operating income of 3 billion 863 million yuan, up 4.94% over the same period last year. The net profit of shareholders of listed companies was 344 million yuan, an increase of 83.07% over the same period last year. In terms of cash flow, the net cash flow from operating activities was 985 million yuan, an increase of 14.49% over the same period last year, benefiting from the continuous improvement of operating environment and effective operating measures. In recent years, the company continued to focus on the main business, coordinated development, and continuously improved the operation quality of the main business. The operating performance grew steadily. During the reporting period, the newly signed contract amount, operating revenue and operating cash flow all reached a new high.

During the period, the financial expenses were -20678871.04 yuan, compared with -13510823.91 yuan in the same period of last year, which was caused by the increase of interest income from bank deposits of the company during the reporting period. During the period, the investment income was 84085673.08 yuan, up from 50958.33 yuan in the same period of last year, which was caused by the investment income generated by the company’s transfer of 40% equity of ABB Sifang, the former joint venture, and 60% equity of Sifang Xingtu, the former holding subsidiary.

According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 14.3582 million yuan. Gao xiuhuan, the chairman of the board of directors, did not receive remuneration from the company. Liu Zhichao, the president, received a total of 1.549 million yuan of pre tax remuneration from the company, Fu Rao, the chief financial officer, received a total of 1.1228 million yuan of pre tax remuneration from the company, and Xi Shuyang, the vice president and Secretary of the board of directors, received a total of 1.1228 million yuan of pre tax remuneration from the company.

According to the announcement disclosure, the profit distribution plan or the plan of converting provident fund into share capital approved by the board of directors during the reporting period: according to the audit report (zztz [2021] zsz No. 0100004) issued by Zhongzheng Tiantong Certified Public Accountants (special general partnership), the net profit of Sifang parent company in 2020 is 233003035.22 yuan, and the accumulated profit available for shareholders’ distribution is 1378 yuan, 188370.06 yuan. The company plans to distribute RMB 9.80 (tax included) for every 10 shares based on 813172000 shares at the end of 2020, with a total cash dividend of RMB 796908560. The remaining undistributed profit shall be carried forward for subsequent annual distribution. In this profit distribution, the capital reserve will not be converted into share capital and bonus shares will not be given.

According to the data of digbei network, Sifang Co., Ltd. focuses on intelligent power generation, smart grid, intelligent power distribution, intelligent power consumption and other fields, providing products, technical consulting and system solutions with relay protection, automation, power electronics and other technologies as the core.

 


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