On April 2, Zongheng communication (603602) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 777554759.10 yuan, a year-on-year decrease of 10.08%; the net profit attributable to shareholders of listed companies was 16609364.38 yuan, a year-on-year decrease of 56.87%.
During the reporting period, the net cash flow from operating activities was 44237227.29 yuan, and the net assets attributable to shareholders of listed companies were 728463116.51 yuan by the end of 2020.
Novel coronavirus pneumonia was the main reason for the net profit of the listed company shareholders, which was reduced by 56.87% compared with the same period. The net profit of the shareholders attributable to the shareholders of the listed companies decreased by 109.98% compared with the same period last year. It was mainly affected by the new crown pneumonia epidemic. The implementation progress, acceptance and audit time of the company’s network construction business were delayed passively and the new energy battery business of the company was atrophied. Fixed cost expenses such as salary cannot be reduced year on year.
In 2020, under the leadership of the company’s board of directors, all employees of the company adhere to the enterprise values of emotional life, rational work and happy life, closely around the company’s development strategy and annual business objectives, make comprehensive deployment, take positive actions, work with one heart and one mind, really grasp the practical work, seize the opportunity of national “new infrastructure” development, and resist the global “new coronavirus” crisis. On the one hand, the company continues to follow the development path of major operators, providing 5g based new communication network construction services, maintenance services and products, becoming a high-quality partner of major operators; on the other hand, the company also actively grasps the customer market demand for networked, digital and intelligent applications, allocates resources to enter the information and communication (ICT) field, and provides services for all walks of life In order to meet the coming of the digital economy era with a new look, the digital industrialization of the industry and the digital output of the industry have a variety of solutions.
During the period, the financial expenses were 5983640.67 yuan, a year-on-year increase of 15.40%. During the period, the investment income was 20382591.82 yuan, compared with 3600008.29 yuan in the same period of last year.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 6.4192 million yuan. Su Weifeng, chairman of the board of directors, received a total pre tax remuneration of 1.082 million yuan from the company; Wu Haitao, director and general manager, received a total pre tax remuneration of 902 thousand yuan from the company; Zhu Jinlong, director, financial director and Secretary of the board of directors, received a total pre tax remuneration of 717 thousand yuan from the company; ye Jianping, deputy general manager, received a total pre tax remuneration of 8669 thousand yuan from the company.
According to the announcement, the company plans to distribute a cash dividend of RMB 0.30 (including tax) to all shareholders for every 10 shares, based on the total share capital registered on the equity registration date of equity distribution, without conversion or bonus shares. This plan shall be implemented after being deliberated and approved by the general meeting of shareholders. If the total share capital of the company changes from the disclosure date of the plan to the registration date of equity distribution, the company plans to maintain the distribution proportion of each share unchanged and adjust the total distribution accordingly.
According to the data of digbei.com, vertical and horizontal communication is a professional communication technology service provider in China, mainly providing various professional and high-quality communication network construction services, communication network maintenance services, R & D, sales and operation services of communication products and matching products for the three major operators of China Mobile, China Telecom and China Unicom, as well as the iron tower company.