Baobian Electric's net profit in 2020 increased by 38.92% Chairman WenHong's salary was 961,900

On April 19, Baobian Electric (600550) recently released its 2020 annual report, and during the reporting period, the company achieved operating income of 4,084,568,682.78 yuan, an increase of 16.11% year-on-year; the net profit attributable to the shareholders of the listed company was 21,126,296.81 yuan, an increase of 38.92% year-on-year.

Net cash flow from operating activities during the reporting period was RMB704,621,613.38, and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB611,209,062.52.

During the reporting period, the net profit attributable to the shareholders of the listed company was 21,126,296.81 yuan, an increase of 38.92% year-on-year, mainly due to the year-on-year decline in the proportion of costs and expenses in the current period; the net cash flow from operating activities in the reporting period increased by 169.13% year-on-year, mainly due to the year-on-year decrease in cash for the purchase of goods and the acceptance of labor payments in the current period.

According to the announcement, the remuneration of directors, supervisors and senior management during the reporting period totaled 5.4545 million yuan. Chairman Wen Hong received a total of 961,900 yuan in pre-tax remuneration from the company, liu Shujuan, director and general manager, received a total pre-tax remuneration of 962,300 yuan from the company, chief accountant He Guangsheng received a total of 864,800 yuan in pre-tax remuneration from the company, and Zhang Ji, secretary of the board of directors, received a total of 302,500 yuan in pre-tax remuneration from the company.

According to the data of the digging shell network, Baobian Electric is mainly engaged in the power transmission and transformation business, mainly for the manufacture and sales of large power transformers and accessories.

This article originated from the digging shell network