On March 31, Fenglin Group (601996) recently released its 2020 annual report, during which the company achieved operating income of 1,740,378,744.45 yuan, down 10.42% year-on-year; the net profit attributable to shareholders of listed companies was 172,452,314.19 yuan, an increase of 1.42% year-on-year.
Net cash flow from operating activities during the Reporting Period was RMB177,141,306.52 and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB2,893,089,863.54.
During the reporting period, the company achieved operating income of 1.740 billion yuan, down 10.42% year-on-year, and net profit attributable to the owners of the parent company of 172 million yuan; in 2020, affected by the new crown epidemic, under the condition of logistics obstruction, the factories actively carried out equipment transformation and technological upgrading, production and sales decreased year-on-year, and operating income decreased slightly. The company further improved product profitability by further strengthening cost control, complying with the downstream market demand to increase the proportion of sales of environmentally friendly boards, and the company's operating performance increased slightly compared with the previous year.
Finance expense for the Period was $10,756,897.48, compared to $2,125,514.09 in the year-ago quarter, an increase of 406.08% year-on-year, mainly due to the decrease in interest income due to the reduction in deposit interest rates in 2020. Investment income for the Period was RMB4,916,213.36, compared to RMB1,686,090.80 for the same period last year, an increase year-on-year.
The announcement shows that the total remuneration of directors, supervisors and senior management during the reporting period was 8.4346 million yuan. The chairman and director SAMUEL NIAN LIU did not receive remuneration in the company, the total pre-tax remuneration received by vice director and general manager Wang Gaofeng from the company was 1.7667 million yuan, and the total pre-tax remuneration received by Wang Hao, deputy general manager and secretary of the board of directors, was 1.325 million yuan.
The announcement discloses that the profit distribution plan for the reporting period or the plan for the conversion of the provident fund into share capital deliberated by the Board of Directors: After the audit of PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership), the net profit of the company (parent company) in 2020 was 191,455,232.05 yuan, and after the withdrawal of the statutory surplus provident fund of 19,145,523.21 yuan, the company intends to use the total share capital of the company on the equity record date specified in the profit distribution implementation announcement to deduct the share balance of the company's repurchase special account. A cash dividend of RMB1.00 (including tax) will be distributed to all shareholders for every 10 shares, and the remaining undistributed profits will be carried forward to the following year.
According to the data of the digging shell network, Fenglin Group is mainly engaged in the production and sales of wood-based panels and afforestation business.
This article originated from the digging shell network
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