China News Service, Xuzhou, April 24 (Reporter Zhu Zhigeng) On the evening of April 23, VV (600,300) disclosed its 2020 annual report. The company achieved operating income of 4.799 billion yuan for the year, a year-on-year decrease of 4.77%; net profit was 436 million yuan. , A year-on-year increase of 497.50%, which is the highest net profit since listing.

In this regard, VV's spokesperson Cai Tian said that the main reason for this benefit was the transfer of equity of Zhijiang Wine Industry and the land expropriation by the government to generate income.

　　The announcement shows that VV continues to focus on the main business of “food, beverage, and grain”, while consolidating its market share of soy milk powder, it actively deploys the plant protein beverage track and intensively cultivates the field of liquid soy milk.

At the same time, VV is actively deploying the grain industry around the main grain production areas, in Xuzhou, Huaihai Economic Zone, the main high-quality wheat production area, Zhengyang in southern Henan, the main small-grain peanut production area, Suihua, Heilongjiang, the main non-GM soybean production area, and Jiamusi, the high-quality rice production area. A modern grain logistics park has been built and a modern grain comprehensive industrial park has been formed.

　　VV's spokesperson Cai Tian explained that VV's operating income declined last year, mainly because of the equity transfer of Zhijiang Liquor. Zhijiang Liquor's income is only the accumulated income before the completion of the equity transfer.

The sharp increase in net profit was mainly due to the investment income generated by the transfer of Zhijiang Winery’s equity of 132 million yuan. Subsidiaries Jinan Agriculture and Animal Husbandry, Liuchaosong and Ningxia Dongfang were expropriated by the local government to generate assets disposal income of about 201 million yuan.

　　In this context, VV, which is "quitting alcohol", set a record high in net profit last year.

It is worth noting that last year the company deducted non-net profit of 61.1152 million yuan, a year-on-year increase of 425.43%.

In addition, the company’s net cash flow from operating activities reached 896 million yuan, a year-on-year increase of 6151.13%.

The business situation is gradually improving, and VV also launched a dividend plan: the company plans to distribute a cash dividend of 1 yuan for every 10 shares, and a cumulative cash dividend of 167 million yuan. The dividend per share is also the highest value in history.

　　The 2021 quarterly report disclosed on the same day showed that the company achieved operating income of 1.074 billion yuan in the first quarter, an increase of 0.83% over the same period last year; the net profit attributable to shareholders of listed companies was 64.719 million yuan, a year-on-year decrease of 30.41%; the net profit after deductions reached 60,957,500 yuan, while the deduction of non-net profit in the same period last year was only 378,800 yuan, and the deduction of non-net profit in the first quarter increased by 159.94 times.

(Finish)