The net profit of great wall technology will increase by 11.8% in 2020. Gu Zhengwei, chairman of the board of directors, will be paid 600000 yuan



On April 2, Great Wall Technology (603897) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 6273415580.11 yuan, a year-on-year increase of 26.19%; the net profit attributable to shareholders of listed companies was 174219560.54 yuan, a year-on-year increase of 11.80%.


长城科技2020年净利增长11.8% 董事长顾正韡薪酬60万


长城科技2020年净利增长11.8% 董事长顾正韡薪酬60万

During the reporting period, the net cash flow from operating activities was 249374384.29 yuan, and the net assets attributable to shareholders of listed companies were 1990037814.55 yuan by the end of 2020.

In 2020, due to the rapid spread of COVID-19 in the world, the macro-economy faced many challenges and uncertainties. The development of the electromagnetic line industry was also affected by the epidemic situation, and the market showed a trend of pre suppression and post development. Under the correct leadership of the board of directors and the joint efforts of all employees, the company closely focuses on the main business, adheres to innovation driven and deepens internal management around the development strategy and annual business objectives formulated by the board of directors. Timely adjustment of sales strategy, increasing the development of new products, to ensure the stable and healthy development of the company. In 2020, the company’s product output is 132036 tons and sales volume is 129087 tons, an increase of more than 20% over the previous year. The company’s main business income is 6.161 billion yuan, an increase of 26.04% over the previous year, and its net profit is 174 million yuan, an increase of 11.80% over the previous year.

The operating revenue and operating cost in the current period increased by 26.19% and 25.30% respectively over the same period of last year, mainly due to the year-on-year increase of sales volume in the current period, and the operating cost increased with the increase of operating revenue.

During the period, the financial expenses were 52969452.97 yuan, an increase of 85.66% over the same period last year, which was mainly due to the sharp increase of interest expenses in the current period. During the period, the investment income was 12008999.13 yuan, compared with 8695135.05 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 4.5658 million yuan. Gu Zhengwei, chairman of the board of directors and general manager, received a total pre tax remuneration of 600000 yuan from the company; Yu Jianli, director, Secretary of the board of directors and chief financial officer, received a total pre tax remuneration of 502200 yuan from the company; Xu Yonghua, director and deputy general manager, received a total pre tax remuneration of 596000 yuan from the company; Gu LINRONG, deputy general manager, received a total pre tax remuneration of 601000 yuan from the company.

According to the announcement, audited by Tianjian accounting firm (special general partnership), the net profit attributable to the shareholders of the listed company is 174219560.54 yuan in the consolidated financial statements of the company in 2020, and the net profit of the parent company is 112447735.98 yuan. The profit distribution plan is as follows: 1. Draw 11244773.60 yuan from the statutory surplus reserve according to 10%; 2. After deducting one item, the undistributed profit of the current period is 101202, 962.38 yuan, plus the undistributed profit of 588198340.13 yuan at the beginning of the year, deducting the amount of cash dividends in 2019 and the amount of cash dividends in the half year of 2020, the total amount is 103474009.74 yuan. As of December 31, 2020, the actual profit available for shareholders to distribute is 585927292.77 yuan. 3. Based on the total share capital of the company on the date of equity registration when the profit distribution plan is implemented in the future, the company will distribute dividends to all shareholders in cash, with 1.00 yuan (tax included) for every 10 shares. The company will not give bonus shares or convert capital reserve into share capital. The remaining undistributed profit is carried forward to the next year.

According to the data of digbei.com, the main business of great wall technology is the R & D, production and sales of electromagnetic wires. The products are widely used in the occasions of electric and magnetic energy conversion, such as motors and electrical appliances. It is an important industrial basic product in the national economy.

 


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