Net profit of Knight Mining Machinery in 2020 was 40.6234 million, down 41.47% year-on-year Chairman Zheng Hao's salary was 811,800

On April 13, Naipu Mining Machinery (300818) recently released its 2020 annual report, and the company achieved operating income of 368,147,995.04 yuan during the reporting period, an increase of 5.42% year-on-year; the net profit attributable to shareholders of listed companies was 40,623,351.54 yuan, a year-on-year decrease of 41.47%.

Net cash flow from operating activities during the reporting period was RMB354,055,792.06, and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB874,554,438.34.

During the reporting period, the company's main business income and profit were greatly affected. Under the leadership of the board of directors, all employees of the company worked together under the premise of resolutely doing a good job in epidemic prevention and control, and did their best to ensure the high-quality and efficient delivery of each product, accelerate the progress of new product research and development and promotion, and meet the order needs of customers. In the case that the foreign epidemic situation is still relatively serious and the development of the international market is unfavorable, the company has increased the development of the domestic market, and the company has returned to the normal level of the same period in the second half of 2020, and maintained the growth of operating income throughout the year. Since July 2020, the exchange rate of the renminbi against the US dollar has appreciated significantly, which has brought greater exchange losses to the company, resulting in a large decline in the company's net profit for the whole year.

During the period, the company invested a total of 15.3685 million yuan in research and development expenses, accounting for 4.16% of the company's revenue, an increase of 38.00% over 2019.

The announcement shows that the remuneration of directors, supervisors and senior management during the reporting period totaled 4.7755 million yuan. The total pre-tax remuneration received by Chairman Zheng Hao from the company was 811,800 yuan, the total pre-tax remuneration received by Vice Chairman, General Manager and Financial Director Cheng Sheng from the company was 671,600 yuan, and the total pre-tax remuneration received by Wu Yongqing, secretary of the board of directors and director, was 153,600 yuan.

The announcement disclosure shows that the profit distribution plan deliberated and approved by the board of directors is: based on 10, a cash dividend of 0.7 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 increased for every 10 shares to all shareholders with capital reserve.

According to the data of the digging shell network, Naipu Mining Machine is a professional manufacturing enterprise integrating R&D, production, sales and service of heavy mine mineral processing equipment and its new material wear-resistant spare parts, providing customers with value-added services such as heavy beneficiation equipment optimization, mineral process design, consultation and optimization.

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This article originated from the digging shell network