The first annual reports of the two cities are released: Anzhizhidian ’s net profit fell by more than 15% last year
On the evening of January 17, Anzhi released the first annual reports of the two cities in 2019.
The report shows that in 2019, Anzhi’s total operating income of 318 million yuan, down 0.64% year-on-year; net profit attributable to shareholders of the parent company was 63.614 million yuan, down 15.49% year-on-year; net profit after deducting non-recurring gains and losses was 4785.38 Ten thousand yuan, a year-on-year decrease of 26.61%.
According to the annual report, Anzhi’s main business is the research and development and production of high-voltage and ultra-high-voltage cable connectors, GILL and related products, as well as the provision of overall solutions for underground intelligent power transmission systems and the design and construction of power engineering surveys.
Regarding the reasons for the decline in performance, Anzhizhidian did not make a clear explanation in the announcement, but the announcement also mentioned that in 2019, the growth of grid investment continued to slow down, and its China grid company’s grid investment was reduced by 12% from the budget. The company predicts that in 2020, grid investment will continue to decline, and the industry as a whole will face a cold winter.
Its 2019 dividend distribution plan shows that Anzhi plans to implement 10 distributions of 5 yuan to 3 shares in 2019, with a total cash dividend of approximately 48.9 million yuan (including tax) and a capital base of 9.79 million shares.
On the same day, Anzhizhidian also released a forecast for the first quarter of 2020. According to the forecast, from January to March 2020, the company is expected to realize a net profit of 40 million to 45 million yuan, a year-on-year increase of 90.40% to 114.20%.
Reporter Peng Shuo Li Yunqi Editing Sun Yong Proofreading He Yan