The net profit of Xinbao in 2020 will be 1.116 billion yuan, with an increase of 62.39%, and the overall sales will achieve rapid growth



On March 5, taobei.com, Xinbao shares (002705) released the announcement of 2020 annual performance express. According to the announcement, the total operating revenue from January to December 2020 was 13179775424.20 yuan, an increase of 44.44% over the same period of last year; the net profit attributable to shareholders of listed companies was 1116205267.36 yuan, an increase of 62.39% over the same period of last year.


新宝股份2020年度净利11.16亿增长62.39% 总体销售实现快速增长

According to the announcement, Xinbao’s total assets were 12515587261.82 yuan, an increase of 53.55% over the beginning of this report period, and its basic earnings per share was 1.3927 yuan, up from 0.8575 yuan in the same period of last year.

In 2020, under the impact of the new coronary pneumonia virus epidemic, the global economy will be in a downturn. The company continues to focus on the main business, constantly improve the core competitiveness, and achieve rapid growth in sales in 2020. During the reporting period, the company achieved an operating revenue of 13179.7754 million yuan, an increase of 44.44% over the same period in 2019.

During the reporting period, the company realized a total profit of 1369.2481 million yuan, an increase of 72.18% over the same period in 2019; realized a net profit of 1116.2053 million yuan belonging to the shareholders of the listed company, an increase of 62.39% over the same period in 2019; basic earnings per share was 1.3927 yuan, an increase of 62.41% over the same period in 2019; weighted average return on equity was 23.69%, an increase of 6.95 percentage points over the same period in 2019. The main reasons for the changes in the above indicators are as follows: (1) the company has always focused on its main business. In 2020, the overall sales have achieved rapid growth, of which the foreign sales revenue has increased by nearly 40% year-on-year, the domestic sales revenue has increased by about 65% year-on-year, and the proportion of domestic sales has further increased. (2) Through product technology innovation, platform construction, automation construction and other measures to improve the efficiency, the profitability of products has been continuously enhanced. (3) Affected by the fluctuation of the exchange rate between RMB and US dollar, on the one hand, the exchange loss under the financial expenses of the company in 2020 is about 235.3 million yuan, which is – 18.4 million yuan in the same period of 2019, with a year-on-year increase of about 253.7 million yuan; on the other hand, the total investment income and fair value change income generated by the delivery of forward foreign exchange contracts is about 134.5 million yuan, which is – 27.7 million yuan in the same period of 2019, with a year-on-year increase of about 16%, The total loss of the two aspects is about 91.5 million yuan more than that of the same period in 2019.

At the end of the reporting period, the company’s financial position was good, with total assets of 12515587300 yuan, an increase of 53.55% compared with the beginning of the reporting period; owner’s equity attributable to shareholders of listed company was 6035474600 yuan, an increase of 40.38% compared with the beginning of the reporting period; net assets per share attributable to shareholders of listed company was 7.3004 yuan, an increase of 36.09% compared with the beginning of the reporting period.

According to digbei.com, Xinbao Co., Ltd. is an enterprise engaged in the design, research and development, production and sales of small household appliances. The company has always focused on the development of its main business, and its comprehensive competitiveness is improving day by day. Now it has become a leading export enterprise in China’s small household appliances industry.

 


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