Great Wisdom's net profit in 2020 increased by 1115.25% Chairman Zhang Zhihong's salary was 1 million

On April 1, Dazhi (601519) recently released its 2020 annual report, and during the reporting period, the company achieved operating income of 707,762,419.19 yuan, an increase of 3.57% year-on-year; the net profit attributable to the shareholders of listed companies was 72,480,093.13 yuan, an increase of 1,115.25% year-on-year.

Net cash flow from operating activities during the reporting period was -21,972,395.90 yuan, and net assets attributable to shareholders of the listed company as of the end of 2020 were 1,516,853,797.43 yuan.

During the reporting period, the company achieved operating income of 707,762,419.19 yuan, an increase of 3.57% year-on-year; the main reason was the increase in advertising business revenue.

During the reporting period, the net profit attributable to the shareholders of the listed company was RMB72,480,093.13, an increase of 1,115.25% year-on-year, mainly due to the large non-recurring profit and loss formed by the company's litigation provision in the previous period; the net profit attributable to the shareholders of the listed company, net of non-recurring gains and losses, increased by 21.10%.

Finance expense for the Period was $29,918,951.80, compared to -$24,653,069.80 for the same period last year, mainly due to an increase in interest on deposits. Investment income for the period was RMB4,377,121.62, compared to RMB34,883,661.10 for the same period last year, a decrease year-on-year.

According to the announcement, the remuneration of directors, supervisors and senior management during the reporting period totaled 6.5073 million yuan. The total pre-tax remuneration received by Chairman General Manager Zhang Zhihong from the company is 1 million yuan, the total pre-tax remuneration received by director and financial director Chen Zhi from the company is 900,000 yuan, and the total pre-tax remuneration received by Shen Ruibo, the secretary of the board of directors, is 900,000 yuan.

The announcement discloses that the profit distribution plan for the reporting period or the plan for converting the provident fund into equity capital deliberated by the board of directors: On March 31, 2021, the second meeting of the fourth board of directors of the company in 2021 deliberated and approved the "2020 annual profit distribution plan", and the profit distribution plan for 2020 was as follows: Audited by Lixin Certified Public Accountants (Special General Partnership), the company's net profit attributable to the shareholders of the listed company in 2020 was 72,480,093.13 yuan At the end of 2020, the profit available to shareholders of the parent company was RMB2,188,206,762.22. According to the provisions of the Company Law and the Articles of Association of the Company, the statutory surplus provident fund is not withdrawn, and the company plans not to distribute profits in 2020, nor to convert the capital reserve fund into equity capital.

According to the data of The Shell Network, Dazhi is a leading Internet financial information service provider in China, based on the accumulation of resources and technologies obtained in the securities and Internet fields for many years, giving full play to the advantages of large platforms and big data, and creating a one-stop, intelligent Internet financial information service platform integrating information, services and transactions, providing investors with various types of financial information products and services based on Internet platform applications.

This article originated from the digging shell network