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Flush, the net profit for the three months of 2020 exceeded the performance for the whole year of 2019
Times make heroes. In 2020, when the COVID-19 epidemic was raging, the net profit of a company that provided software services to securities companies for three months actually exceeded the performance of the entire year of 2019. Such a growth rate has allowed more than 4,000 A-share companies to be listed on the market. The company was stunned in an instant, he was Flush Company.

The financial report translator studied "Securities Investment" in college. After graduation, in order to understand the financial reports of listed companies, he also taught himself the content of "CPA-Accounting Subjects" and worked in the securities industry. Worked for fifteen years.

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Flush Company is a leading domestic Internet financial information service provider. Its main sources of income are value-added telecommunications services, software sales and maintenance services, advertising and the Internet. Income from business promotion services, fund sales and other transaction services.

Value-added telecommunications business is a selling indicator. The indicator can prompt buying and selling signals on the real-time K-line. This kind of signal has almost no effect in a bear market, but in a bull market, because of the support of the trend, it has been tried and tested, and many investors fall into this trap.

Therefore, the slow bull market in recent years has contributed a lot of profits to the company through selling indicators. If this slow bull market can continue for 3 to 5 years, Flush's profits will definitely reach a higher level. Therefore, this company, like a securities firm, relies on shareholders and market conditions to make a living.

The software business refers to providing market services to other securities companies. Now many securities companies will customize Flush software. In 2020, the share of securities companies using Flush software will be 90%. In other words, 90% of brokers are customers of Tonghuashun Company. To use Tonghuashun's software, in addition to the cost of purchasing the software, you also have to pay an annual service fee, as well as the development fees required for subsequent additions of software functions. As long as the brokerage customizes the software, it will cost more money later. Therefore, a profit channel has been established between Tonghuashun and securities companies. Even if Tonghuashun does not develop new markets, profits will continue to flow into the company. This is the core competitiveness of Tonghuashun.

The advertising promotion business refers to opening accounts for other securities companies to attract traffic, and fund sales are naturally sales of products for public and private placements. All four major businesses have achieved strong growth, and the data is very beautiful.

Flush Company provides Internet investment information services, and its source of profit is securities investors, to put it bluntly, stock investors. The future growth of the company depends on the number of shareholders and the growth rate of shareholders.

Through the following data, we can better understand the number of existing investors and the increase or decrease in the number.

The monthly statistical report released by China Securities Depository and Clearing Co., Ltd. shows that as of the end of December 2020, the number of securities investors reached 177,774,900, an increase of 11.28% from the end of 2019, of which 177,357,700 were natural person investors.

The number of investors has been growing steadily in recent years, and judging from the trend, this growth rate will be maintained in the future, which provides a solid foundation for Flush's future profit growth.

The following is a chart of Flush's asset changes in 2020:

The substantial increase in land use rights and housing construction expenditures shows that the company is currently in a period of expansion. Only expansion can significantly increase operating profits, so Flush Company's current actions are laying the foundation for the company's rapid development in the future.

As of December 31, 2020, there were approximately 541.63 million registered users of Tonghuashun Financial Services Network; the average number of people using the free Tonghuashun online market quotation client every day was approximately 14.18 million, and the number of weekly active users was approximately 18.42 million people.

According to the latest data, as of February 28, 2021, the number of stock investors in China was 180 million. The average number of people using Tonghuashun's free online market quotation client every day is approximately 14.18 million, accounting for 7.9%. This share is already huge. 8% of Chinese investors use Tonghuashun's software every day. These are Tonghuashun's potential future customers, and the company's growth is immeasurable.

Flush Company's net profit has grown at a rate of more than 40% for two consecutive years. Especially in the big explosion last year, it set the highest single-year net profit of 1.724 billion since the company was founded.

The rapid growth of profits is the basis for the continued rise in stock prices. Before any institution chooses a stock, the first thing it must look at is net profit growth.