On March 27, Huazheng (837236) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 24683288.16 yuan, a year-on-year increase of 7.77%; the net profit attributable to the shareholders of the listed company was -9102072.31 yuan, a year-on-year decrease in loss.
As of the end of 2020, the net cash flow of the company’s listed shareholders is -1047611.7735 yuan.
During the reporting period, the company achieved operating income of 24683288.16 yuan, an increase of 7.77% over the same period last year. The annual income of the company increased slightly over the previous year, but the budget targets were mainly caused by the following reasons: (1) the reasons for the outbreak: COVID-19 was affected by COVID-19 in 2020, and the company’s business was in a semi stagnant state. The staff overcame difficulties and telecommuting, and achieved super expected results. ② Industry and market environment reasons: affected by the energy and chemical industry and the overall economic environment at home and abroad in 2020, the industry itself and its investment in informatization will slow down; ③ enterprise’s own reasons: according to the above environment and the situation of main customers, our company will timely adjust the relevant projects and personnel. In this process, some new projects are still in the early stage of investment and pre-sale stage, so we need to pay attention to them No revenue has been generated in the current year; independent products have been developed in the current period and are in the market promotion stage, and no major source of revenue has been formed. The above three situations cause the company’s revenue to rise slightly in 2020, but it has not completed the budget target. In 2020, the preparatory work of related projects has been completed, and will enter the implementation stage in 2021. With the joint efforts of the company’s leaders and all employees, it is expected that the company will have a great improvement in revenue and profit in 2021.
The gross profit rate of the current period increased by 7.58 percentage points year-on-year, mainly due to the strengthening of cost control and certain achievements in the current period, resulting in the overall gross profit rate rising year-on-year. During the period, the financial cost was 78732.22 yuan, a year-on-year decrease of 271.65%, which was mainly due to the interest expense of new loans in the current period and no interest expense of loans in the earlier period. During the period, the investment income was -280595.94 yuan, compared with -209404.06 yuan in the same period of last year. The investment loss in the current period increased year on year, and the joint-stock companies suffered from poor management and losses in successive years.
According to digbei.com, Huazheng is committed to software product development, software product sales, technology development and technical service tomorrow.