Tongwei shares in 2020 net profit of 3.6 billion yuan increased by 37% Chairman Xie Yi salary of 5.04 million

On April 12, Tongwei Co., Ltd. (600438) recently released its 2020 annual report, and during the reporting period, the company achieved operating income of 44,200,270,334.23 yuan, an increase of 17.69% year-on-year; the net profit attributable to the shareholders of the listed company was 3,607,923,359.56 yuan, an increase of 36.95% year-on-year.

Net cash flow from operating activities during the Reporting Period was RMB3,024,927,931.94 and net assets attributable to shareholders of the listed company as of the end of 2020 were RMB30,541,405,029.73.

During the reporting period, the company achieved operating income of 44.200 billion yuan, an increase of 17.69% year-on-year; net profit attributable to shareholders of listed companies of 3.608 billion yuan, an increase of 36.95% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 2.409 billion yuan, an increase of 4.06% year-on-year.

After the outbreak of the "new crown epidemic", downstream aquaculture and terminal consumer demand have been affected to varying degrees. In order to ensure the adequate supply and price stability of residents' meat products, governments at all levels have accelerated the implementation of residents' "vegetable basket" projects, such as supporting the expansion of pig supplementation and expanding the scale of poultry meat breeding. With the strong support of the policy, driven by the continuous recovery of pig production, the high level of poultry stocks, and the production and sales of cattle and sheep products, the national feed output has achieved rapid growth, but the differences between different feed varieties are obvious. According to the statistics of the National Feed Industry Association, the total domestic feed output in the whole year was 252.761 million tons, an increase of 10.4% year-on-year. Among them, pig feed output was 89.225 million tons, an increase of 16.4% year-on-year; egg and poultry feed output was 33.519 million tons, an increase of 7.5%; meat and poultry feed output was 91.758 million tons, an increase of 8.4% year-on-year; ruminant feed output was 13.188 million tons, an increase of 18.9%; and aquatic feed output was 21.236 million tons, down 3.6% year-on-year. While the feed industry ushered in production growth, competition continued to intensify and polarization increased. Among them, large-scale enterprises have rapidly expanded the scale of intensive breeding by virtue of the advantages of capital, management and epidemic prevention system construction, small-scale breeding and free-range breeding have gradually withdrawn from the market, aquaculture concentration has accelerated, the scale of the vertical integration of large-scale enterprises has been expanding, the market share has been further improved, and the industry competition pattern has shifted from competition in the feed processing industry to comprehensive competition in the whole industrial chain of agriculture and animal husbandry.

During the reporting period, the company took "maximizing the benefits of breeding" as the goal to standardize the awareness and behavior of all employees, strictly controlled the design, manufacturing and use of product quality at the level of specialization, standardization and scale, continuously improved the quality management system, provided customers with safe and stable products, and achieved win-win development between the company and customers. In 2020, the company's feed, food and related business achieved operating income of 20.851 billion yuan, an increase of 12.14% year-on-year, and feed sales of 5.2492 million tons, an increase of 7.12% year-on-year. Under the situation of year-on-year decline in the output of the aquatic feed industry, the growth of aquatic feed sales has still been maintained, of which the proportion of high value-added products has continued to increase, and the proportion of puffed materials has increased by 11.37% year-on-year, and specialty materials have increased by 18.81% year-on-year.

Financial expenses for the period were RMB676,326,528.79, compared to RMB707,805,824.00 in the same period last year, down 4.45% year-on-year. Investment income for the Period was RMB1,569,378,017.50, compared to RMB118,366,118.06 for the same period last year, an increase year-on-year.

According to the announcement, the total remuneration of directors, supervisors and senior management during the reporting period was 34.1637 million yuan. The total pre-tax remuneration received by Chairman Xie Yi from the company was 5.0376 million yuan, the total pre-tax remuneration received by General Manager Guo Yizhong from the company was 2.6888 million yuan, the total pre-tax remuneration received by financial director Zhou Bin from the company was 1.4429 million yuan, and the total pre-tax remuneration received by Yan Ke, secretary of the board of directors, was 1.1531 million yuan.

The announcement discloses that the profit distribution plan for the reporting period or the plan for the conversion of provident fund into share capital deliberated by the Board of Directors: Combined with the company's funds and investment in 2021, based on the current total share capital of the company of 4,501,548,184 shares, a cash dividend of 2.41 yuan (including tax) will be distributed to all shareholders of the company for every 10 shares, and the total amount of cash dividends will be 1,084,873,112.34 yuan. The proposal has been deliberated and approved by the eighteenth meeting of the seventh board of directors of the company, and it needs to be submitted to the company's general meeting of shareholders for consideration and approval.

According to the data of the digging network, Tongwei Co., Ltd. adheres to the corporate vision of "for a better life" and the corporate purpose of "pursuing excellence and contributing to society", with agriculture and new energy as the main industry, forming a business model of "agriculture (fishery) + photovoltaic" resource integration and coordinated development.

This article originated from the digging shell network