On April 1, zhuobai (834898) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 1598532065.99 yuan, a year-on-year decrease of 19.01%; the net profit attributable to shareholders of listed companies was 30422192.93 yuan, a year-on-year decrease of 22.57%.
During the reporting period, the net cash flow from operating activities was 81506469.80 yuan, and the net assets belonging to shareholders of listed companies were 496110595.59 yuan by the end of 2020.
During the reporting period, the business income decreased by 375.0948 million yuan compared with the same period of last year, with a year-on-year decrease of 19.01%. The main reasons include the income decrease caused by the adjustment of the joint venture sales mode to the net method accounting according to the new income standard and the income decrease caused by the epidemic situation in this year. In order to facilitate the comparative analysis, the main business income decreased by 73.5213 million yuan after adjusting the net income method in the comparison period, a decrease of 4.55% compared with the previous year. The revenue of department stores decreased by 106.094 million yuan, 16.17% compared with the previous year, household appliances decreased by 4.6879 million yuan, 1.36% and supermarkets increased by 37.2606 million yuan, 6.04%. Other business income increased by 903800 yuan, up 1.67% over the previous year. In the face of a sudden epidemic at the beginning of the year, department stores and household appliances were suspended from January 29 to February 9. The company has always insisted on supermarket operation to ensure people’s livelihood supply and stabilize market prices. The sales revenue of department stores and household appliances was affected due to the closure of the market due to the epidemic situation and the subsequent continuous impact. The sales revenue of supermarkets was just needed, and it still increased slightly this year. Affected by the epidemic, some consumers’ consumption patterns have changed, and some consumers have transferred from physical sales to online sales in order to reduce personal contact. Affected by the epidemic, the disposable income of ordinary people is affected, the consumption confidence is insufficient, and the consumption demand changes accordingly. The consumption demand changes from the comprehensive demand of improving the quality of life and purchasing large amount of assets to the demand of basic guarantee of life.
During the period, the financial expenses decreased by 1.5706 million yuan or 50.37% compared with the same period of last year, which was due to the increase of interest income of 1.5592 million yuan. 1) In this year, 50 million new fixed deposits and 1 million interest income were added. 2) The increase in average cash balance in the current year led to an increase in current interest income. During the period, the investment income was 1666951.79 yuan, compared with 2757550.94 yuan in the same period of last year, a year-on-year decrease of 39.55%. The investment income decreased to financial management income, a year-on-year decrease of 1090600 yuan.
According to the data of digbei.com, Zhubai’s main business is commodity retail, which provides retail services for consumers in retail formats such as department stores, supermarkets and household appliances. Its main business income accounts for more than 90% of the business income, and also involves e-commerce, warehousing and logistics, consumer services and other fields.