12 billion! This printing company’s annual sales revenue hits a new high
Recently, Hexing Packaging released its 2020 annual report. According to the annual report, in 2020, Hexing Packaging achieved total operating income of 12.007 billion yuan, an increase of 8.20% over the same period last year; operating profit of 372 million yuan, an increase of 2.40% over the same period last year; total profit of 388 million yuan, compared with the same period last year An increase of 8.03%; net profit attributable to shareholders of listed companies was 290 million yuan, an increase of 8.73% over the same period last year.
Hexing Packaging stated that in 2020, the company will continue to optimize its business structure and actively develop new customers. The company's operating profit and net profit have achieved steady growth.
Under the influence of the epidemic, it is not easy for Hexing Packaging to achieve this result. According to its semi-annual report, Hexing Packaging achieved revenue of 4.765 billion yuan in the first half of 2020, a year-on-year decrease of 13.14%.
In the first three quarters of 2020, Hexing Packaging's operating income reached 8.071 billion yuan, a year-on-year decrease of 2.18%, and the rate of decline was further narrowed. At the same time, Hexing Packaging achieved nearly 20% growth in the third quarter, showing a strong rebound. In the end, relying on the catch-up in the fourth quarter, it achieved annual operating income of more than 12 billion yuan and a growth rate of 8.20%.
01 Hexing Packaging is expected to continue to top the top 100 printing companies
As of now, Yutong Technology has not announced its 2020 annual results. However, according to its 2020 annual performance forecast announced in November last year, Yutong Technology's 2020 operating income is expected to increase by 15%-20%.
In 2019, Yutong Technology's operating income reached 9.845 billion yuan. Based on its growth of 15%-20%, Yutong Technology's operating income in 2020 will be between 11.322 billion yuan and 11.814 billion yuan, and it is expected to become another printing and packaging company that exceeds the 10 billion yuan mark.
According to the "2020 China Top 100 Printing and Packaging Enterprises Ranking" published by the Printing Manager Magazine of Keyin Media, Hexing Packaging ranked first with its product sales revenue of over 10 billion yuan in 2019. Yutong Technology takes the second place with 9.845 billion yuan in product sales revenue.
If Yutong Technology's final 2020 operating income does not exceed the performance forecast range, Hexing Packaging will once again win the top 100 list with a revenue of more than 12 billion yuan. But the gap between the two is getting smaller and smaller, and the future "battle" for the top spot will also become more intense.
The performance report stated that the net profit of Yutong Technology attributable to shareholders of listed companies increased by 5%-15% over the same period of the previous year. Based on this estimate, its profit level in 2020 will be between 1.097 billion yuan and 1.202 billion yuan, and Hexing Packaging’s net profit attributable to shareholders of listed companies in 2020 will be less than 300 million yuan, which is a big improvement compared with Yutong Technology. Space, but still achieved a growth rate of nearly 9%.
02 Hexing Packaging performs well in the first quarter of 2021
At the same time, Hexing Packaging also released its first quarter performance forecast for 2021. The forecast shows that Hexing Packaging will continue its good development trend in the second half of last year. It is estimated that the net profit attributable to shareholders of listed companies in the first quarter of 2021 will be 58 million to 65 million yuan, a year-on-year increase of 57.69% to 76.72%.
Hexing Packaging stated that the main reason for the changes in performance was that the company was affected by the new crown virus epidemic in the same period in 2020, and the company and upstream and downstream enterprises were delayed in resuming work. As the domestic new crown epidemic was controlled, the company actively explored the market and achieved steady growth in performance.
For more information, please visit us:
http://www.joyful-printing.net