On March 19, Zijiang enterprise (600210) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 8417639218.25 yuan, a year-on-year decrease of 8.61%; the net profit attributable to shareholders of listed companies was 565214257.13 yuan, a year-on-year increase of 14.37%.
During the reporting period, the net cash flow from operating activities was 1068746096.59 yuan, and the net assets attributable to shareholders of listed companies were 5312743627.36 yuan by the end of 2020.
In 2020, COVID-19 swept the globe, and Sino US trade frictions intensified. The global political and economic situation had changed greatly, which brought great challenges to the management and operation of enterprises. In the face of severe external situation, the company’s management and all employees actively respond to the call of the party and the state, seriously implement various epidemic prevention measures, and speed up the organization of resumption of work and production after the domestic epidemic situation is relieved. With the joint efforts of all employees, the company has achieved good results in epidemic prevention and control and production and operation.
During the reporting period, the company achieved a total operating revenue of 8.418 billion yuan, 8.61% lower than that of the same period last year, and a total operating cost of 7.774 billion yuan, 11.16% lower than that of the same period last year, mainly due to the impact of the epidemic and the corresponding reduction of product prices driven by the decline of raw material prices.
During the period, the financial expenses were 124726027.81 yuan, compared with 147434788.86 yuan in the same period of last year. During the period, the investment income was 63306753.10 yuan, up from 61262121.75 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 11.8910 million yuan. Shen Wen, chairman of the board of directors, did not receive remuneration from the company; Guo Feng, vice chairman and general manager, received a total of 5.9636 million yuan of pre tax remuneration from the company; Qin Zhengyu, deputy general manager and chief financial officer, received a total of 2.6252 million yuan of pre tax remuneration from the company; Gao Jun, deputy general manager and Secretary of the board of directors, received a total of 1.6051 million yuan of pre tax remuneration from the company.
According to the announcement, as of December 31, 2020, the company’s final distributable profit was RMB 15523396.94 yuan, which was audited by Lixin Accounting firm (special general partnership). In 2020, the company plans to distribute profits based on the total share capital registered on the date of equity registration. The profit distribution plan is as follows: the company plans to distribute cash dividend of 2.50 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2020, the total share capital of the company is 1516736158 shares. Based on this, the total cash dividend to be distributed is 379184039.50 yuan (including tax). This year, the company’s cash dividend ratio was 67.09%. If the total share capital of the company changes from the disclosure date of this report to the equity registration date of equity distribution, the company intends to maintain the total amount of distribution unchanged and adjust the distribution proportion of each share accordingly. If the total share capital changes in the future, the specific adjustment will be announced separately. The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
According to the data of digbei.com, Zijiang enterprises have formed an industrial layout with the packaging business as the core, supplemented by fast moving consumer goods business, import and export business, real estate business and venture capital business. As the core business of the company, the main products are PET bottles and preforms, crown covers, plastic anti-theft covers, labels, aluminum spray paper and paperboard, color paper packaging printing, film and other packaging materials, as well as beverage OEM products.