Anhui Heli 2020 net profit of 732 million yuan increased by 12.38% The market share of major products increased General Manager Xue Bai's salary was 1.0029 million

On March 19, Anhui Heli (600761) recently released its 2020 annual report, and the company achieved operating income of 12,796,635,328.84 yuan during the reporting period, an increase of 26.32% year-on-year; the net profit attributable to the shareholders of the listed company was 732,008,777.84 yuan, an increase of 12.38% year-on-year.

Net cash flow from operating activities during the reporting period was RMB922,180,518.45 and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB5,442,353,290.96.

During the reporting period, the company's operating cost increased by 31.54% over the same period of the previous year, mainly due to the expansion of the company's operating income scale and the corresponding increase in operating costs, and at the same time affected by the increase in raw material prices and the adjustment of the accounting caliber of product transportation costs. The production volume, sales volume and inventory volume of the company's main products increased by 49.57%, 44.82% and 92.44% respectively over the same period of the previous year, mainly due to the expansion of market demand in the industrial vehicle industry and the increase in the market share of the company's main products.

Financial expenses for the period - 8.9688 million yuan, compared with 2.6125 million yuan in the same period last year, down 443.30% year-on-year, mainly due to the increase in the company's interest income this year. Investment income during the period was 62.499 million yuan, compared with 95.7924 million yuan in the same period of the previous year, a decrease year-on-year.

The announcement shows that the remuneration of directors, supervisors and senior management during the reporting period totaled 9.5665 million yuan. Chairman Zhang Dejin did not receive remuneration in the company, director and general manager Xue Bai received a total of 1,002,900 yuan in pre-tax remuneration from the company, and zhang Mengqing, director, secretary of the board of directors and chief economist, received a total of 928,600 yuan in pre-tax remuneration from the company.

The announcement discloses that the profit distribution plan for the reporting period or the plan for the conversion of provident fund into equity capital for the reporting period deliberated by the board of directors: After comprehensively considering the needs of business development and the continuous return to shareholders, the company intends to distribute a cash dividend of 3.50 yuan (including tax) to all shareholders for every 10 shares based on the total share capital of 740,180,802 shares at the end of 2020, with a total cash dividend of 259,063,280.70 yuan, and does not implement the share transfer and capital reserve fund conversion into share capital.

The above plan shall be submitted to the Company's 2020 Annual General Meeting of Shareholders for consideration and approval.

According to the data of the digging shell network, Anhui Heli is mainly engaged in the research and development, manufacturing and sales of industrial vehicles, intelligent logistics systems and key components, as well as aftermarket businesses such as accessories services, financial leasing, vehicle leasing, maintenance services, and remanufacturing.

This article originated from the digging shell network