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    Home > Coatings News > Paints and Coatings Market > Shenji Titanium Industry released its 2020 annual report, and its annual revenue decreased by 16.97%

    Shenji Titanium Industry released its 2020 annual report, and its annual revenue decreased by 16.97%

    • Last Update: 2021-05-08
    • Source: Internet
    • Author: User
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    On April 17, Shenji Titanium Industry recently released its 2020 annual report.
    During the reporting period, the company achieved operating income of 135,012,015.
    46 yuan, a year-on-year decrease of 16.
    97%; net profit attributable to shareholders of the listed company was 7,938,665.
    41 yuan, a year-on-year decrease of 56.
    35%.
    During the reporting period, the net cash flow from operating activities was -2,014,436.
    54 yuan.
    As of the end of 2020, the net assets attributable to shareholders of the listed company were 131,492,023.
    77 yuan.
    During the reporting period, the company achieved operating income of RMB 135,012,015.
    46, a decrease of 16.
    97% from the previous year, mainly due to the delayed delivery of the company's product orders due to the impact of the epidemic.
    During the reporting period, an operating profit of RMB 8,107,362.
    74 was achieved, a decrease of 58.
    79% from the previous year.
    This was mainly due to the high cost of raw material inventory in the previous year and the decrease in the price of finished products affected by the epidemic, which resulted in a decrease in the gross profit margin of the company's products.
    Financial expenses during the period were RMB 1,689,739.
    22, compared with RMB 1,112,556.
    02 in the same period of the previous year, a year-on-year increase of 51.
    88%.
    According to the data, Shenji Titanium is a manufacturer in the non-ferrous metal rolling and processing industry.
    It has a full-process production line with an annual output of 3,500 tons of titanium and titanium alloy sheets.
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