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    Home > Coatings News > Paints and Coatings Market > Shenji Titanium's 2020 net profit decreases by 56.35%, and the price of finished products drops due to the epidemic

    Shenji Titanium's 2020 net profit decreases by 56.35%, and the price of finished products drops due to the epidemic

    • Last Update: 2021-05-07
    • Source: Internet
    • Author: User
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    April 17, Shenji titanium titanium industry (838,653) recently released 2020 annual report, the reporting period the company achieved operating income of 135,012,015.
    46 yuan, down 16.
    97 percent year on year; attributable to shareholders of listed companies net profit of 7,938,665.
    41 yuan, down 56.
    35 percent year on year.
    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%.
    Digging shellfish network statistics, Shenji Titanium is in the non-ferrous cnfeol.
    com/2007112111060429649.
    html" target="_blank" class="hotkeylink">metal metal rolling processing industry producer with an annual output of 3500 tons of titanium and titanium alloy plate production line of the whole process.
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