In 2020, the net profit of Conway Telecom will drop by 48.77%, and the administrative expenses and R & D expenses will increase greatly



On April 10, Kangwei communication (833804) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 186394612.61 yuan, a year-on-year increase of 10.40%; the net profit attributable to shareholders of listed companies was 6163484.75 yuan, a year-on-year decrease of 48.77%.


康威通信2020年净利下滑48.77% 管理费用和研发费用增幅较大

During the reporting period, the net cash flow from operating activities was -8077081.56 yuan, and the net assets belonging to the shareholders of the listed company was 199241960.05 yuan by the end of 2020.

In 2020, the company realized an operating revenue of 186394612.61 yuan, an increase of 10.40% over the same period of last year. The increase is mainly due to the income of Shandong Kangwei big data, a holding subsidiary of the company established in April 2019, realized in 2020; the gross profit rate in the reporting period is 46.96%. Although the company’s operating revenue and gross profit rate rose, the increase of the management expenses and R & D expenses of the holding subsidiary Conway big data in 2020 was larger than that in 2019, resulting in a larger increase of the management expenses and R & D expenses. In addition, the large amount of bad debt reserves withdrawn in this year offset the increase of the operating revenue and gross profit rate, so the net profit of this year was lower than that of the previous year Not much has changed.

During the period, the financial expenses were 4287167.80 yuan, compared with 5103212.84 yuan in the same period of last year, a year-on-year decrease of 15.99%.

According to the data of digbei.com, Conway communications is in the information transmission, software and information technology service industry. Based on advanced measurement and control technology and electronic information technology, and with “big data, cloud computing, Internet of things, mobile Internet, artificial intelligence” and other technologies as the core, it provides software and hardware products for power network, municipal public, prison, energy network, private network and other industries and customers Overall solutions and application services.

 


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