Chenming Paper’s revenue in the first quarter extended by 4 times, net profit increased 4 times, and investment income was 90 million

Chenming Paper’s revenue in the first quarter extended by 4 times, net profit increased 4 times, and investment income was 90 million
On the evening of April 20, Chenming Paper disclosed its first quarter 2020 financial report, and reported that Chenming Paper achieved operating income of 60.900 million, down by 1 every year.2%; net profit attributable to mother 2.3.0 billion, an increase of 431 every year.1%.The report shows that the substantial increase in Chenming Paper’s performance is mainly related to the decline in operating costs and financial expenses.From January to March this year, the total operating cost of Chenming Paper was 58.300 million yuan, compared with 62 in the same period last year.900 million decreased by 4.600 million yuan.Among them, the operating cost is 43.700 million yuan, a decrease of 3 from the same period last year.700 million yuan; financial expenses 6.500 million, a decrease of 83 million a year.In addition, the soaring investment income has also increased company profits.According to the report’s baseline, Chenming Paper received a total of 8915 investment income.70,000 yuan, compared with 7 in the same period last year.90,000 yuan increased by 1,124 times.The announcement stated that its preliminary report was to confirm the merger of the investment income of Nanyue Bank.As of the end of March this year, Chenming Paper had a net cash flow of 17.800 million, an annual decrease of 37.3%; of which, operating cash flow is 6.600 million yuan, an annual decrease of 53.9%, mainly due to the report that the company gradually reduced its financial leasing business due every year.It is understood that due to the high coefficient rate and the liquidity problems it may cause, Chenming Paper has long been concerned by regulators.On the evening of April 16, Chenming Paper responded to the inquiry letter of the Shenzhen Stock Exchange’s annual report that the company will continue to compress financial leasing business in 2020 to reduce the asset-liability ratio.At the end of the reporting period, Chenming Paper had total assets of 968.5 trillion, total negative 705.1 trillion, the asset-liability ratio is about 72.8%, down by 2.7 averages, down about 0 from the beginning of the year.3 averages.Sauna, Ye Wang Peng Shuo Li Yunqi Editor Wang Jinyu Proofreading Jia Ning