AD Pipeline - Yonggao Shares' 2019 Annual Results are Pleasant

Hubei AD Pipeline According to the 2019 annual performance report of Yonggao shares, the company's market influence and profitability have been significantly improved. For the whole year, the company achieved operating income of 6.291 billion yuan, an increase of 937 million yuan from 5.354 billion yuan year-on-year, an increase of 17.50%. Among them, the pipeline business completed 5.685 billion yuan, an increase of 13.43% year-on-year (other businesses were excluded in this reporting period and the same period of the previous year). Other business income 250 million yuan, an increase of 257.14% year-on-year. The solar business completed 290 million yuan, an increase of 40.10% year-on-year. The electrical switch business completed 66 million yuan, an increase of 1.07% year-on-year. During the reporting period, the total profit 589 million yuan and the net profit attributable to the shareholders of listed companies was 514 million

yuan, an increase of 111.34% and 109.96% year-on

In addition, during the reporting period, the company's total assets and net assets increased by 5.89% and 16.23% respectively compared with the beginning of the year, and the return on net assets increased significantly. The end-of-period asset-liability ratio was 41.12%, down 5.24 percentage points from the beginning of the year, and the company's long-term and short-term debt repayment capabilities were significantly enhanced.

2019, the economic situation at home and abroad is still complex and severe, the Sino-US trade friction is fluctuating, unilateralism and trade protectionism pose a major challenge to the recovery of the world economy, our country's economy is under pressure and moving forward, the economic structure is being optimized and adjusted, and the economic growth has maintained a generally stable and steady development trend. The development of the plastic pipe industry has been on the rise steadily, the competition of enterprises has further intensified, and the development resources of the industry have been further concentrated in enterprises with scale advantages, brand advantages, quality assurance In 2019, the company closely focused on the overall work idea of "practicing internal strength with hard work, tapping potential with responsibility, breaking through steady growth, and seeking development with responsibility". Taking the 35th anniversary of the group as a new starting point, with high efficiency, high efficiency and high quality development as the goal, boosting confidence, making breakthroughs, controlling risks, comprehensively promoting various work, and achieving good business results.

2020, in the face of the COVID-19 pandemic, the company further improved its strategic layout. Domestic aspect. Accelerate the construction of the Huangyan project and the construction of industrial robots and automation equipment bases to further enhance production capacity and strengthen strength. On the international front, foreign trade sales make full use of the complete range of "ERA" product international certification, as well as the long-term accumulation of customer resource base, in the form of offices and overseas factories, to achieve new breakthroughs in foreign trade sales. Second, to further tap potential eyes inward. Continue to deepen the production, operation and management work around the words "open source, throttling, risk prevention, and implementation". "Open source" work is hard on "quality control, variety and conduct". The first "throttling" work is to establish budget management, so that everyone can use the money well and use it worthily. The second is to implement staffing management, so that we can use people well and efficiently. The third is to fully implement target management. The fourth is to automate transformation. " "Risk prevention" work is to do a good job in accounts receivable and safe production. "Grasp implementation" is to focus on production efficiency, system construction, project development, cultural leadership and other aspects, and do a solid job in process control.

Hubei Au Yuan Building Materials Co., Ltd