Announcement time of this financial report: 2023-10-17 17:46:14
Hangzhou Power Co., Ltd. (stock code: 603618) is a company specializing in wire and cable and optical communications business, mainly engaged in wire and cable research and development, production, sales and service, is a domestic integrated cable supplier. Its main products include all kinds of power cables, wires, civil cables and special cables, covering ultra-high voltage, high voltage, medium and low voltage and other different voltage levels. The company is also a major supplier of high-voltage, ultra-high voltage power cables and UHV conductors to State Grid and Southern Power Grid. In addition, the company also has the ability of R & D, production, sales and service of optical fiber preform, optical fiber, optical cable and other products in the field of optical communication.
According to Hangzhou Power's quarterly report in 2023, the company's assets totaled 9.789 billion yuan at the end of this report, an increase compared with 9.375 billion yuan at the end of last year. The total liabilities were 6.81 billion yuan at the end of this report and 6.492 billion yuan at the end of last year. The net assets were 2.979 billion yuan at the end of this report and 2.882 billion yuan at the end of last year. The asset-liability ratio was 69.57% at the end of this report, slightly higher than the 69.25% at the end of the previous year. This shows that the debt scale of the company is relatively large, but the growth of net assets also shows the asset management ability of the company.
In terms of profitability, the company's gross profit margin was 15.05% from the beginning of the year to the end of the reporting period, up from 13.93% in the same period last year. The net interest rate from the beginning of the year to the end of this report was 2.25%, compared with 1.81% in the same period last year, and the net interest rate also increased. This shows that the company's profitability has increased, and the increase in gross profit margin and net profit margin may be related to the company's cost control and sales strategy.
The net profit from the beginning of the year to the end of this report was 126 million yuan, compared with 113 million yuan in the same period last year. This may be related to the decrease of the company's sales expense rate and the decrease of the financing discount expenditure of bills and letters of credit compared with the same period last year, which jointly affected the increase of net profit in the current period.
In terms of return on assets, the return on net assets (ROE) was 4.29% at the end of this report and 4.03% at the end of last year. This shows that the company's profitability and efficiency in the use of assets have improved.
Generally speaking, the quarterly report of Hangzhou Power Co., Ltd. in 2023 shows that the company has performed well in profitability, asset management and liability management, and the improvement of net profit, gross profit margin and net profit margin shows the enhancement of the company's profitability. The growth of net assets shows the company's asset management ability, while the moderate improvement of asset-liability ratio shows the soundness of the company in debt management. Therefore, investors can be optimistic about the future development of Hangdian shares, but they also need to pay attention to the changes of its debt scale and asset-liability ratio in order to make more accurate investment decisions.
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.