On March 19, Tongda venture (600647) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 239192452.48 yuan, a year-on-year increase of 1401.24%; the net profit attributable to shareholders of listed companies was 11695170.63 yuan, a year-on-year decrease of 37.72%.
During the reporting period, the net cash flow from operating activities was -19681086.35 yuan, and the net assets attributable to shareholders of listed companies were 299440519.48 yuan by the end of 2020.
During the reporting period, the company’s operating revenue was 239192500 yuan, an increase of 1401.24% over the same period of last year, and its operating cost was 22, 9.5386 million yuan, a year-on-year increase of 1512.45%, was due to the expansion of building materials trade business in this year; sales expenses in this period increased by 565.93% over the previous year, mainly due to the expansion of building materials trade in this period; management expenses in this period decreased by 29.46% over the previous year, mainly due to the company’s payment of intermediary fees for major asset restructuring in the same period of last year.
During the period, the financial expenses were -1537114.02 yuan, compared with -1470882.27 yuan in the same period of last year. During the period, the investment income was 4133099.61 yuan, up from – 29558021.57 yuan in the same period of last year, with a year-on-year increase.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 2.153 million yuan. Mou Baiqiang, chairman of the board of directors, did not receive remuneration from the company. Hu Junpeng, director and general manager, received a total pre tax remuneration of 624400 yuan from the company. Xue Yubao, Secretary of the board of directors, received a total pre tax remuneration of 616200 yuan from the company.
According to the disclosure of the announcement, the profit distribution plan or the plan of converting provident fund into share capital reviewed by the board of directors in the report period: audited by Zhonghua certified public accountants, the company realized a net profit of 11695170.63 yuan belonging to the owner of the parent company in 2020; the company headquarters realized a net profit of 24774638.56 yuan in 2020, plus 107565 yuan of undistributed profit at the beginning of the year, The actual profit available for shareholders’ distribution is 129862789.19 yuan.
Considering the development status and capital demand of the company, the profit distribution plan of the company in 2020 is: no distribution, no conversion.
According to digbei.com, Tongda venture is mainly engaged in trade business, investment and asset management business.