On March 26, daotong (831984) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 133988074.88 yuan, up 24.26% year on year; the net profit attributable to shareholders of listed companies was 11685127.20 yuan, up 287.55% year on year.
During the reporting period, the net cash flow from operating activities was 9671778.61 yuan, and the net assets belonging to the shareholders of the listed company was 114025236.68 yuan by the end of 2020.
At the end of the reporting period, the book value of accounts receivable was 37580240.50 yuan, an increase of 59.68% over the same period of last year. The main reasons are the year-on-year expansion of business scale, the extension of project execution cycle and the corresponding extension of capital settlement cycle affected by the epidemic; the year-on-year growth of accounts payable is 204.31%, which is mainly due to the corresponding growth of procurement scale with the expansion of business scale, resulting in the year-on-year growth of accounts payable at the end of the period; the year-on-year growth of undistributed profit is 34.17%, which is mainly due to the increase of net profit in the reporting period, which makes the undistributed profit increase The profit distribution increased at the same time.
The financial expenses during the period were -89601.77 yuan, compared with -12289.75 yuan in the same period of last year. During the period, the investment income was -195748.80 yuan, compared with 500478.79 yuan in the same period of last year.
According to the data of digbei.com, daotong is committed to the development and application of Internet information technology, has a mature technology research and development system, and has obtained nearly 100 intellectual property rights. Based on the advantages of technological innovation, the company applies the Internet plus to the life services and cultural services in the process of integrating the Internet with the real economy.