002072SZSE

KaiRuiDe Holdings Co., Ltd. 2020 Annual Report Summary

Kairuide Co., Ltd.·

✨ AI Summary

This report summarizes KaiRuiDe Holdings Co., Ltd.'s 2020 performance, highlighting revenue growth from coal trading and property leasing. The company faced significant net losses due to provisions for bad debts and ongoing judicial restructuring. Key financial figures show a revenue increase of 72.99% but a substantial decrease in net profit attributable to shareholders.

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KaiRuiDe Holdings Co., Ltd. 2020 Annual Report Summary

Securities Code: 002072 Securities Abbreviation: ST KaiRuiDe Announcement Number: 2021-L020

I. Important Notice

This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial condition, and future development plans, investors should carefully read the full annual report on the media designated by the China Securities Regulatory Commission.

Other directors, excluding the following, personally attended the board meeting to review this annual report.

Name of Director Absent in PersonPosition of Director Absent in PersonReason for AbsenceName of Entrusted Person

Non-Standard Audit Opinion Reminder

  • Applicable [X] Not Applicable

Asia (Group) Certified Public Accountants (Special General Partnership) issued a qualified audit report (Ya Hui Shen Zi [2021] No. 01140001) for the company. The company's board of directors and supervisory board have provided detailed explanations on related matters. Investors are advised to read them carefully.

Board of Directors' Resolution on Profit Distribution Plan or Capital Reserve Increase Plan for the Reporting Period

The company plans to not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital.

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