Huafang Co., Ltd. (600448): Net Profit Increased By 124% - 146% In 2020
Huafang (600448. SH) disclosed that the company's net profit attributable to shareholders of Listed Companies in 2020 is expected to increase by 14.4 million yuan to 16.9 million yuan compared with the same period of last year, with a year-on-year increase of 124% to 146%. The main reasons for the increase are as follows:
(1) impact of main business. In 2020, the company actively develops the market, optimizes the product structure, ensures the sufficient stability of the bill of lading, and promotes the growth of sales revenue; internally, it strengthens the management, improves the operation efficiency of the enterprise, steadily promotes the reduction of cost and efficiency, and promotes the overall efficiency.
(2) the impact of non operating profit and loss. In 2020, the company received a total of 10.44 million yuan of various government subsidies and 2.16 million yuan of other non recurring gains and losses, totaling 12.6 million yuan. The net non recurring profit and loss in the same period of last year was 5.71 million yuan, an increase of 6.89 million yuan year-on-year.
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