On April 14, Chujiang Xincai released its 2020 results, KuaiBao. In 2020, the novel coronavirus epidemic broke out suddenly and spread abroad. in the face of the complex internal and external environment, on the one hand, the company strictly implemented the requirements of epidemic prevention and control, on the other hand, it actively responded to the changes in the external environment to ensure the normal production and stable operation of the company. strive to minimize negative impacts in all aspects.
During the reporting period, the company achieved total operating income of 22974092037.13 yuan, an increase of 34.76% over the same period last year; operating profit of 342474626.41 yuan, down 37.89%; total profit of 340704516.01 yuan, down 37.69%; net profit of shareholders belonging to listed companies was 274243262.86 yuan, down 40.51% from the same period last year; net profit of shareholders of listed companies after deducting non-recurring profits and losses was 225791860.94 yuan, down 24.16% from the same period last year; Basic earnings per share were 0.21 yuan, down 43.24% from the same period last year, and the weighted average return on equity was 4.90%, down 4.18% from the same period last year. At the end of the reporting period, the company's total assets were 11245466892.13 yuan, an increase of 32.90% over the beginning of the period, and the owner's equity belonging to shareholders of listed companies was 5751889357.00 yuan, an increase of 5.02% over the beginning of the period.
The main reasons for the changes in the above data are as follows:
1. During the reporting period, the company's operating income increased by 34.76%, mainly due to: 1 the company's investment project "Copper Alloy Strip Product upgrade, capacity replacement and Intelligent Transformation Project" was completed and put into production, and the scale of production and sales increased; 2 the copper price increased greatly in the second half of the year, and the sales price of the company's basic materials products increased year on year; 3 the order for new military materials was sufficient, and the revenue scale increased steadily.
2. During the reporting period, the net profit of the company belonging to the parent company decreased by 40.51%. The main reasons are as follows: 1 affected by the epidemic situation of novel coronavirus, the company's basic materials and thermal equipment products were affected to a certain extent, and the gross profit margin of the products decreased compared with the same period last year; 2 the company raised investment project "copper alloy plate and strip product upgrading, capacity replacement and intelligent transformation project" gradually reached production process, in the market, technical running-in period, profitability has not yet been shown; 3 the cost increased year-on-year: A. In order to improve the product structure and upgrade the product grade, the investment in product research and development is increased. b. The fund-raising project has been put into production, the scale has increased, the price of copper raw materials has increased greatly, and the demand for working capital of the company has increased, resulting in an increase in financial expenses.
3. During the reporting period, the company's total assets increased by 32.90%, mainly due to: (1) the company issued convertible corporate bonds and raised a net capital of 1.816 billion yuan; (2) the increase in the scale of production and operation of the company led to an increase in investment in operating assets such as inventory and accounts receivable.
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