On March 30, Luyang Energy Conservation (002088) recently released its 2020 annual report, and the company achieved operating income of 2,325,686,118.59 yuan during the reporting period, an increase of 8.32% year-on-year; the net profit attributable to shareholders of listed companies was 370,273,210.68 yuan, an increase of 8.82% year-on-year.
Net cash flow from operating activities during the Reporting Period was $447,466,279.04 and net assets attributable to shareholders of the listed company as of the end of 2020 were $2,377,586,185.08.
In 2020, the company achieved operating income of 2,325,686,118.59 yuan, an increase of 8.32% over last year, and a net profit of 370,273,210.68 yuan, an increase of 8.82% over last year.
In 2020, the prices of the main raw materials for ceramic fiber products remained basically stable. During the reporting period, the company reduced the company's raw material procurement costs through new supplier development, centralized procurement bidding, timely strategic inventory, and the implementation of strategic cooperation. Affected by the international economic situation, national environmental protection governance and other factors, the price of major raw materials in 2021 is on the rise, and the company will take multiple measures to continue to improve the quality of the company's procurement management and effectively control procurement costs.
The main energy sources of ceramic fiber products are electricity and natural gas, in 2020, the company's energy supply is stable and orderly, and the company has reduced energy procurement prices through the implementation of strategic cooperation with some suppliers and the acquisition of industrial preferential policies. In 2021, the company will continue to ensure the stable supply of energy through multilateral transactions in electricity, effectively control energy procurement costs, and continue to actively carry out energy-saving transformation work, and improve energy utilization efficiency through process optimization, equipment upgrading and other measures.
The financial expense for the period was RMB700,482.36, an increase of 160.63% year-on-year, mainly due to the increase in exchange losses in the reporting period. Investment income for the period was RMB14,727,229.65, compared to RMB850,416.76 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 12.4854 million yuan. Chairman Lu Chengbin received a total of 2,202,600 yuan in pre-tax remuneration from the company, director and president Lu Chao received a total pre-tax remuneration of 1.716 million yuan from the company, financial director Yang Yi received a total of 749,100 yuan in pre-tax remuneration from the company, and Liu Zhaohong, secretary of the board of directors, received a total of 361,900 yuan in pre-tax remuneration from the company.
The announcement disclosure shows that the company's profit distribution plan approved by the board of directors is: based on 361684133 shares, a cash dividend of 8.5 yuan (including tax) will be distributed to all shareholders for every 10 shares, 0 shares of bonus shares (including tax), and no provident fund will be used to increase the share capital.
According to the data of the shell network, Luyang Energy Saving is mainly engaged in the research and development, production, sales and construction of refractory insulation products such as ceramic fibers, soluble fibers, alumina fibers, lightweight mullite bricks, etc., and the research and development, production and sales of basalt fiber products.
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This article originated from the digging shell network
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