On March 26, Arco new materials (831163) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 32220812.68 yuan, a year-on-year decrease of 25.04%; the net profit attributable to shareholders of listed companies was 3175325.23 yuan, a year-on-year decrease of 31.43%.
During the reporting period, the net cash flow from operating activities was 3112178.96 yuan, and the net assets belonging to the shareholders of the listed company was 16517910.24 yuan by the end of 2020.
The operating revenue of the current period was 32220812.68 yuan, a decrease of 10.7636 million yuan or 25.04% compared with the previous period, which was mainly due to the decrease of sales orders caused by the global outbreak of new coronavirus in the current period. The operating cost of the current period was 22373254.59 yuan, a decrease of 7.0667 million yuan or 24.00% compared with the previous period, which was mainly due to the decrease of operating revenue and corresponding costs. During the period, the financial expenses were 605645.45 yuan, a year-on-year decrease of 18.66%.
According to digbei.com, Aike new material’s main business includes R & D, production, sales and technical services of polyurethane products, chemical reagents and additives for polyurethane.