On April 1, Procter & Gamble (832802) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 181914225.03 yuan, a year-on-year decrease of 20.68%; the net profit attributable to shareholders of listed companies was 46577339.48 yuan, a year-on-year decrease of 21.58%.
During the reporting period, the net cash flow from operating activities was 43340047.97 yuan, and the net assets belonging to the shareholders of the listed company were 284627240.45 yuan by the end of 2020.
In 2020, the management cost will be 10754, 807.99 yuan, a year-on-year decrease of 30.84%. The main reasons are as follows: 1. In August 2019, the company transferred 55% of the equity of its holding subsidiary, new Sucheng, to Cao Chengxin, which correspondingly reduced the depreciation and amortization expenses of the merger caliber; 2. Compared with the shareholding plan implemented in 2020, the scale of equity incentive implemented in 2019 is smaller, which makes the management expenses included in share based payment less than that in 2019 It is caused by many factors.
In 2020, the financial cost was -440564.56 yuan, an increase of 61.68% over the same period of last year. The main reason is: during the reporting period, the US dollar exchange rate continued to decline, and the exchange loss increased by 670000 yuan compared with last year. In 2020, the investment income was 1365984.43 yuan, an increase of 30.87% over the same period of last year. The main reason is that during the reporting period, the company made full use of idle self owned funds to allocate and purchase bank financial products, resulting in more income.
According to the data of digbei.com, since its establishment, Procter & Gamble has been based on the oil fume treatment industry. Its main business is the R & D, production and sales of electrostatic oil fume treatment equipment. Its main products include electrostatic commercial oil fume purification equipment and electrostatic industrial oil fume purification equipment. At the same time, it is expanding the market of electrostatic air purification and disinfection equipment.