On March 26, St dadihe (831385) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 106578735.70 yuan, a year-on-year decrease of 36.61%; the net profit attributable to shareholders of listed companies was -142599962.32 yuan, an increase in loss compared with the same period last year.
During the reporting period, the net cash flow from operating activities was -34550435.31 yuan, and the net assets belonging to the shareholders of the listed company by the end of 2020 was -167240504.50 yuan.
The operating revenue was 106578735.70 yuan, a decrease of 36.61% over the same period of last year, which was mainly caused by the epidemic situation and the company’s strict control of customers with poor credit; the management cost was 42321682.06 yuan, a significant increase over the same period of last year, which was mainly caused by the clearing of reported losses and consumed materials in the current period; the credit impairment loss was 1894 yuan, 73 yuan, a significant decrease compared with the same period last year, mainly due to the company’s strengthening the collection of accounts receivable, and the sharp decrease of bad debt provision in the current period.
The financial expenses were 14571129.95 yuan, a decrease of 32.38% over the same period of last year, mainly due to the decrease of interest expenses caused by the decrease of borrowing interest rate; the investment income during the period was 3398786.30 yuan, a decrease of -452953.98 yuan over the same period of last year.
According to the data of digbei.com, St dadihe is mainly engaged in the R & D, production and sales of motors and motor controllers for new energy vehicles.