Make a brilliant start in 2020! Guanghui Logistics' revenue and net profit both rosed more than 20% in the first quarter
Release time：2020-05-06 Reading volume：692 source：guanghui
Source: Shanghai Securities News • China Securities Net
Shanghai Securities Net News on April 30: Guanghui Logistics Co., Ltd. released its first quarter report of 2020. According to the report, Guanghui Logistics realized 420 million yuan of revenue in the first quarter of 2020, up 32.63% year-on-year. Realized the net profit attributable to shareholders of the listed company was 139 million yuan, up 21.38% year-on-year, the revenue and net profit increased significantly and the operating performance got off to a good start.
According to the first quarter performance express released by Guanghui Logistics on April 18, the company has abundant cash flow, and the short-term impact of the epidemic will not have a sustained and significant impact on the company's operations. The company performance continued to buck the trend in the first quarter, mainly due to an increase in its subsidiary business from a year earlier. At the same time, during the epidemic, the launch of marketing such as "Guanghui Mall", "cloud shopping", "procurement service by Internet celebrity" and "star recommendation" also contributed to the company's good start in the first quarter.
Since its reorganization and listing in 2016, Guanghui Logistics has witnessed rapid business development and achieved high growth for four consecutive years. Its performance in 2019 has increased even more outstanding. its operating revenue reached 2.869 billion yuan, up by 37.90% year-on-year; Realized a net profit of 819 million yuan attributable to shareholders of the listed company, with a year-on-year growth of 49.88%; Net operating cash flow was 1.468 billion yuan, an increase of 363.90% over 317 million yuan last year.
In addition to good performance, Guanghui Logistics in shareholder return is also commendable. The company pay the cash dividend with 376 million in 2018, another dividend with 598 million in 2019, accumulated amount 974 million of two years. From 2018 to 2019, company granted 26.222,000 restricted shares and 26222,000 stock options to key employees through equity incentives. In 2019, the company began to implement cash buyback of shares, and the total amount of buyback funds has been 351 million yuan. Company also launched the employee stock ownership plan and granted 7.857 million shares to core employees. In 2020, the company launched a "high version" shareholder return plan, the annual dividend from 2019 to 2021 will not be less than 30% of the GUIMU net profit. This high emphasis on shareholder returns and employee incentives drives Guanghui Logistics to grow against the trend and achieve a good start in 2020.