Jinji shares in 2020 net profit of 22.8922 million fell 76.24% dye production and sales decline Chairman Zhao Weiguo salary of 203,300

On March 21, Jinji Co., Ltd. (300798) recently released its 2020 annual report, and during the reporting period, the company achieved operating income of 753,586,711.44 yuan, down 32.96% year-on-year; the net profit attributable to shareholders of listed companies was 22,892,203.04 yuan, down 76.24% year-on-year.

Net cash flow from operating activities during the reporting period was RMB44,936,396.36 and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB1,213,489,387.66.

During the reporting period, the company achieved operating income of 753.5867 million yuan, down 32.96% year-on-year, total profit of 27.4388 million yuan, down 75.49% year-on-year, and net profit attributable to shareholders of listed companies of 22.8922 million yuan, down 76.24% year-on-year.

During the reporting period, the company's R & D work mainly around new product research and development, existing product quality improvement, production process improvement, etc. Jinyun Dye successfully developed the active PJ-GR Cuilan, active orchid CE, active sauce red QD, active red violet KN-3R, active red 245, active P-type series and other 8 new products, of which the active PJ-GR Cuilan and other 3 new products have been put into the market to form a better economic benefit; with new technologies and new ideas for the active red PJ-4BN, active deep blue K-R, The process of 14 old products such as active tender yellow PF-6GS, active tender yellow B-4GLN, active yellow 42, active orange 107, active yellow BH-3RS has been improved and optimized, of which 6 old products such as active 95# yellow have improved significantly; in addition, 1 national standard has been formulated, 2 patent application rights have been submitted, 2 new invention patents have been newly authorized, 8 new product projects have been submitted, and 3 papers have been published in the journal "Dyes and Dyes". In 2020, the company's R&D expenses were 24.5657 million yuan, accounting for 3.26% of the company's operating income, and the proportion of R&D investment has remained stable, and continuous R&D investment has promoted the company's scientific and technological innovation and technological progress.

Affected by various factors such as the Sino-US trade war and industry development trends, in the past three years, the overall production and sales of domestic dyes have declined, and during the reporting period, affected by the new crown epidemic, the demand for dye intermediates has declined, and the price has dropped significantly compared with the previous year. Due to the high proportion of dye intermediates such as para-esters and H acids in the cost of products, the price reduction has also led to a significant reduction in dye costs.

Finance expenses for the period were RMB3,645,776.16, down 410.47% year-on-year, mainly due to interest income from bank wealth management products. Investment income during the period was RMB130,043.22.

The announcement shows that the remuneration of directors, supervisors and senior management during the reporting period totaled 1.7734 million yuan. The total pre-tax remuneration received by Chairman and General Manager Zhao Weiguo from the company was 203,300 yuan, the total pre-tax remuneration received by Director and Deputy General Manager Dai Jiqun from the company was 181,600 yuan, the total pre-tax remuneration received by Xiao Jian, deputy general manager and financial director, from the company was 188,000 yuan, and the total pre-tax remuneration received by Director, Secretary of the Board and Deputy General Manager Xiao Weibing from the company was 191,400 yuan.

The announcement disclosure shows that the company's profit distribution plan approved by the board of directors is: based on 417,748,945.00, a cash dividend of 0.2 yuan (including tax) will be distributed to all shareholders for every 10 shares, 0 shares will be sent to bonus shares (including tax), and 0 shares will be transferred to all shareholders for every 10 shares with capital reserve.

According to the data of the shell network, the main business of Jinji Co., Ltd. is the research and development, production and sales of dyes, and the main products are reactive dyes, which are used for dyeing and printing of textiles.

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This article originated from the digging shell network