On March 27, Huimin water (836979) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 53257188.94 yuan, a year-on-year increase of 13.63%; the net profit attributable to shareholders of listed companies was -5272417.90 yuan, a year-on-year decrease in losses.
During the reporting period, the net cash flow from operating activities was 21544242.58 yuan, and the net assets belonging to shareholders of listed companies were 157092779.07 yuan by the end of 2020.
The operating revenue was 53257188.94 yuan, an increase of 6.3862 million yuan or 13.63% over the same period of last year. The main reason is that the number of direct drinking water users increased during the reporting period. In addition, according to the “three supplies and one industry” direct drinking water separation and transfer agreement with Inner Mongolia North Heavy Industry Group Co., Ltd., the direct drinking water business was received, and the income increased.
The operating cost was 47529866.20 yuan, an increase of 4.596 million yuan or 10.70% over the same period last year. The main reason is that during the reporting period, the direct drinking water business of Inner Mongolia North Heavy Industry Group Co., Ltd. was newly added, and the transferred assets of Baotou water (Group) Co., Ltd. were received, resulting in the increase of operating costs and asset depreciation expenses.
During the period, the financial expenses were 106852.30 yuan, up 148.57% year on year. The main reason is that during the reporting period, the interest income from loans and deposits of emergency working capital for epidemic prevention and control applied by Baotou water (Group) Co., Ltd. decreased. During the period, the investment income was 40826.33 yuan, compared with 381611.98 yuan in the same period of last year, a year-on-year decrease of 89.30%, which was the profit of debt restructuring in the current period.
According to the data of digbei.com, Huimin water is mainly engaged in the production, sales and service of direct drinking water and packaged drinking water.