On April 2, St Hongsheng (600817) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 3484.2301 million yuan, an increase of 8.62% over the same period last year; the net profit attributable to shareholders of listed companies was 294.2109 million yuan, a decrease of 4.94% over the same period last year.
During the reporting period, the net cash flow from operating activities was 465263900 yuan, and the net assets attributable to the shareholders of the listed company was 1752183200 yuan by the end of 2020.
Reasons for the change of business income: the main reason is that the business of sanitation equipment and sanitation services continued to grow, and the income increased accordingly.
During the reporting period, the company achieved an operating income of 3.484 billion yuan, net profit attributable to shareholders of the parent company of 294 million yuan, and cash flow from operating activities of 465 million yuan. Among them, Yutong heavy industry achieved an operating revenue of 3.384 billion yuan, a year-on-year increase of 7.41%, and realized a net profit of 308 million yuan attributable to the shareholders of the parent company, a year-on-year increase of 0.19%. After deducting the non recurring profit and loss, the net profit attributable to the shareholders of the parent company was 248 million yuan, which fulfilled the performance commitment of this year and protected the interests of the company and small and medium investors.
During the period, the financial expenses were -6018788.38 yuan, compared with 2319236.61 yuan in the same period of last year, and the interest of capital deposit increased. During the period, the investment income was 10638525.85 yuan, compared with 5229549.62 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 8.931 million yuan. Dai Lingmei, the chairman and general manager of the board, received a total pre tax remuneration of 184700 yuan from the company; Ma Shuheng, the director and chief financial officer, received a total pre tax remuneration of 985800 yuan from the company; Wang Dongxin, the director and Secretary of the board, received a total pre tax remuneration of 37600 yuan from the company; Hu Fengju, the deputy general manager, received a total pre tax remuneration of 69600 yuan from the company.
According to the announcement, after auditing by Daxin accounting firm (special general partnership), the company realized the net profit of 294210887.93 yuan attributable to the owners of the parent company in the consolidated statements in 2020, and realized the net profit of – 7326819.23 yuan in the statements of the parent company. In 2020, the undistributed profit of the parent company at the beginning of the year is -295808259.90 yuan, and the profit available for distribution at the end of the year is -303135079.13 yuan. According to the relevant provisions of the company law and the articles of association, the company plans not to distribute profits in 2020, nor to convert the capital accumulation fund into share capital.
According to the data of digbei.com, St Hongsheng completed major asset restructuring during the reporting period, and Yutong heavy industry became a wholly-owned subsidiary of the company. The company’s main business changed to sanitation and construction machinery business, covering sanitation equipment, sanitation services, construction machinery and other fields.