On March 27, Boling electric (873083) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 1695635243.90 yuan, a year-on-year increase of 94.81%; the net profit attributable to shareholders of listed companies was 107415029.34 yuan, a year-on-year increase of 66.47%.
During the reporting period, the net cash flow from operating activities was -171449562.65 yuan, and by the end of 2020, the net assets belonging to the shareholders of the listed company was 555859040.16 yuan.
The operating revenue of the current period was 1695635243.90 yuan, an increase of 94.81% compared with the previous period, and the operating cost was 1362071567.69 yuan, an increase of 102.74% compared with the previous period, which was mainly due to the continuous increase of customer demand and performance during the reporting period.
Other income in the current period was 5202068.12 yuan, an increase of 110.47% over the previous period, mainly due to the increase in government subsidies received. During the period, the financial expenses were 12952764.19 yuan, a year-on-year increase of 778.23%, mainly due to the change of exchange rate and the increase of exchange loss. During the period, the investment income was 145800.00 yuan, compared with 121500.00 yuan in the same period of last year, with a year-on-year increase of 20%.
According to digbei.com, Boling Electric is mainly engaged in the R & D, design, production and sales of small kitchen appliances. Its main products include food processing and blenders, roasters, coffee machines, air fryers and ovens, as well as other small kitchen appliances.