Wujin Stainless recently released its 2020 annual report. During the reporting period, the company achieved operating income of RMB 2,400,893,159.83, a year-on-year increase of 3.33%; net profit attributable to shareholders of listed companies was RMB 220,437,363.56, a year-on-year decrease of 29.99%.
During the reporting period, the net cash flow from operating activities was 343,887,732.30 yuan, and the net assets attributable to shareholders of the listed company at the end of 2020 were 2,404,632,328.15 yuan.
In 2020, international trade will be affected to a certain extent, and the corresponding production capacity will shift to the domestic market. The domestic market is fiercely competitive. At the same time, factors such as rising raw material prices and increasing labor costs have led to a decline in the overall gross profit margin of products. During the reporting period, the company achieved total operating income of RMB 2,400,893,159.83, an increase of 3.33% over the same period of the previous year; total operating cost of RMB 2,145,305,485.12, an increase of 8.97% over the same period of the previous year; realized net profit attributable to shareholders of listed companies of RMB 220,437,363.56, a decrease from the same period of the previous year 29.99%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 203,427,279.27, a decrease of 30.06% over the same period of the previous year.
According to the announcement, the total remuneration of directors, supervisors and senior executives during the reporting period was RMB 4,823,800. Chairman Zhu Guoliang received a total pre-tax remuneration of RMB 705,900 from the company, director and general manager Shen Weiqiang received a total pre-tax remuneration of RMB 612,800 from the company, and chief financial officer Wang Jinrong received a total pre-tax remuneration of RMB 470,000 from the company. The manager and secretary of the board of directors Liu Yiming received a total of 471,400 yuan of pre-tax remuneration from the company.
