On April 10, Tianli lithium energy (833757) recently released its 2020 annual report. During the reporting period, the company achieved operating revenue of 1243080277.37 yuan, a year-on-year increase of 22.87%; the net profit attributable to shareholders of listed companies was 57119142.66 yuan, a year-on-year decrease of 20%.
During the reporting period, the net cash flow from operating activities was -41242174.21 yuan, and the net assets belonging to the shareholders of the listed company was 733895255.75 yuan by the end of 2020.
During the reporting period, the company achieved an operating income of 1243080277.37 yuan, a year-on-year increase of 22.87%, mainly due to the increase in market demand for small power. The operating cost was 1096945015.77 yuan, an increase of 29.14% over the same period of last year, which was mainly increased with the increase of income. The increase rate of cost was higher than that of operating income, which was mainly due to the influence of new crown, macro environment and industry competition this year.
During the period, the financial expenses were 4273731.00 yuan, compared with 12388582.81 yuan in the same period of last year, a year-on-year decrease of 65.5%. The main reasons are: the loan of 60 million yuan from nongkaiyu new advanced manufacturing investment fund (limited partnership), the debt to equity swap of 39.975 million yuan at the end of 2019 and the early repayment of the remaining 20 million yuan on April 1, 2020. During the period, the investment income was 20339.25 yuan, compared with 572.75 yuan in the same period of last year, with a year-on-year increase of 3451.16%, mainly due to the income obtained from the purchase of a financial management of China CITIC Bank this year.
According to the data of digbei.com, Tianli is mainly engaged in the research, development, production and sales of ternary materials and their precursors for lithium batteries. It is a high-tech enterprise with independent research and innovation ability.