Kinwong 2020 Annual Performance Presentation

On the afternoon of Thursday, April 8, 2021, Kinwong held its 2020 annual performance presentation at the Shanghai Roadshow Center.Mr. Liu Shaobai, the founder and CEO of the company, Mr. Wang Changquan, the chief financial officer of President Office, and Mr. Huang Tian, the director of President Office, attended the performance presentation, introduced the company’s 2020 performance and corporate strategy and answered the questions from investors and netizens.

In 2020, Kinwong overcame the difficulties and seized the opportunities to overcome the severe challenges of the epidemic and the instability of the global economy, and achieved satisfactory market share in multiple market segments.

Under the leadership of the board of directors of the company, the management team and all employees are united, and the company’s revenue has steadily increased in 2020, and the operating income has achieved good results.The company’s annual operating revenue reached 7.06 billion yuan in 2020, up 12% year on year, with domestic sales up 13% and export sales up 8%.In 2020, the four quarters of operating revenue have maintained positive growth.Total profit was 1.054 billion yuan, up 15.54% year on year; net profit attributable to the parent company was 1.07 billion yuan, up 10.02% year on year; gross profit margin was 28.32%, up 0.87% year on year.

In 2020, the operating profit and net profit attributable to the parent company are 1.07 billion yuan and 920 million yuan respectively, increasing by 15% and 10% respectively compared with 2019.

Mr. Liu Shaobai, CEO of the company, said that in 2020, the company will actively prevent and control the epidemic, and has achieved the double growth of operating income and net profit. In 2021, the rapid development of the new generation of information technology, automobiles, intelligent terminals and other technologies will bring greater growth space to the PCB industry. At the same time, it puts forward higher requirements on the PCB research and development capacity and manufacturing capacity.In the New Year, Kinwong will continue to promote customer-oriented, quality first, technology winning, organizational change, effectively promote the work of Zhuhai HLC plant, SLP plant, Longchuan FPC second plant and MPCB plant, realize the transformation and upgrading of product structure, and win the battle from technology follow to technology lead.

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