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Huida Aluminium's profit growth of 45% in 2019 due to average Price increase of Aluminum Profiles
Apr 21,2020 09:30CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM: Huida Aluminum released its 2019 results report on April 16. During the reporting period, the company's operating income in 2019 was 157586483.66 yuan, an increase of 10.10% over the same period last year; net profit was 12.7958 million yuan, 7.6606 million yuan in the same period last year, an increase of 67.03% over the previous year, mainly due to the increase in operating profit and the corresponding increase in net profit during the reporting period. The net profit attributable to the shareholders of the listed company was 8984668.25 yuan, an increase of 44.53% over the same period last year, and the basic earnings per share was 0.45 yuan, compared with 0.31 yuan in the same period last year.

By 2019, Huida's assets totaled 195956383.18 yuan, up 10.88 per cent from the end of the previous year. The net cash flow from operating activities was 6640200.45 yuan in the current period, compared with 16736172.25 yuan in the same period last year.

During the reporting period, the company realized 157.5865 million yuan in main business revenue and 143.1286 million yuan in the previous period. The main reason for the change was that due to the increase in the average price of aluminum profiles during the reporting period, the sales price rose, and the sales revenue also increased.

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