Hongming Co., Ltd. (stock code: 301105) is a manufacturer of special packaging equipment integrating R & D, production and sales. Its main products include all kinds of automatic packaging equipment and packaging supporting equipment. After years of development, Hongming has become a packaging equipment supplier with strong R & D strength, rich product types and excellent product quality in the same industry at home and abroad.
According to Hongming's 2023 mid-term report, the total assets at the end of the period were 1.025 billion yuan, down from 1.069 billion yuan at the beginning of the period. The total debt is 107 million yuan, which is about 30% less than the 153 million yuan at the beginning of the period, which shows that the company has done a good job in repaying the debt. The balance of net assets at the end of the period was 918 million yuan, which was basically the same as that of 917 million yuan at the beginning of the period, indicating that the company's net assets remained stable.
Asset-liability ratio, that is, the ratio of total liabilities to total assets, is an important index to measure the debt level and solvency of enterprises. The asset-liability ratio of Hongming shares dropped from 14.27% at the beginning of the period to 10.44% at the end of the period, indicating that the company's debt level is decreasing and its solvency is improving.
Gross profit margin is the ratio of the rest of an enterprise's sales income to pay for non-productive expenditure, and it is an important index to measure the profitability of an enterprise. Hongming's gross profit margin for the reporting period was 28.79%, down from 41.37% in the same period last year. This may be due to the rise in production costs or the decline in sales prices.
Net interest rate, that is, the ratio of net profit to operating income, is an important index to measure the net profitability of enterprises. Hongming's net interest rate for the reporting period was 2.03%, down sharply from 24.49% in the same period last year. This may be due to an increase in the company's operating costs or an increase in non-operating expenses.
Return on equity (ROE) is an important index to measure the profitability and operating efficiency of enterprises. Hongming shares had a ROE of 0.22% at the end of the period, indicating that the company's profitability is weak.
Overall, Hongming shares have improved in terms of solvency, but their profitability has declined. For investors, they need to pay attention to whether the company's profitability can be improved in the future. At the same time, whether Hongming shares can maintain the downward trend of its asset-liability ratio in the future is also an important factor that investors need to pay attention to.
This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.