On April 10, Zili Xincai (870674) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 635097388.12 yuan, a year-on-year increase of 1.46%; the net profit attributable to shareholders of listed companies was 33635539.85 yuan, a year-on-year decrease of 43.17%.
During the reporting period, the net cash flow from operating activities was 51235274.92 yuan, and the net assets belonging to shareholders of listed companies were 273105417.92 yuan by the end of 2020.
In 2020, the company’s sales expenses will be 27600562.30 yuan, an increase of 4181520.98 yuan, or 17.86%, compared with 23419041.32 yuan in the same period of last year. The main reason is that in 2020, under the influence of COVID-19, the industry competition is more intense. The company has invested more in customer service and new market development to ensure that the market share of the company keeps steady and steady.
In 2020, the company’s management cost was 21791082.62 yuan, an increase of 5364898.78 yuan compared with 16426183.84 yuan in the same period of last year, which was mainly due to the increase in employee compensation, rental office, storage costs and material consumption after the commissioning of Zhanjiang self supporting new material project.
During the period, the financial expenses were 7840298.23 yuan, compared with 4771079.36 yuan in the same period of last year, with a year-on-year increase of 64.33%, mainly due to the large exchange loss in the current period. During the period, the investment income was -859207.29 yuan, compared with 88761.42 yuan in the same period of last year, a year-on-year decrease of 1068%.
According to the data of digbei.com, Zili new material is mainly engaged in the R & D, production and sales of plate-shaped sintered corundum, alumina powder and other high-quality, efficient and energy-saving alumina materials.