Announcement time of this financial report: 2023-10-24 16:26:23
Hangzhou Hi-tech Co., Ltd. (stock code: 300478) is an enterprise mainly engaged in polymer materials for cables. Wire and cable manufacturing industry is one of the largest supporting industries in the national economy, and the competition in low-end products is fierce at present. However, in the next few years, the development of the wire and cable industry will show the following trends: special wires and cables will become the main growth point of the industry, and special cables have higher technical content and specific performance, such as green environmental protection, flame retardancy and fire resistance, etc. The industry concentration will be further enhanced. At present, there are many enterprises in the industry and the market concentration is relatively low, but with the strengthening of industry supervision and rectification, industry leading enterprises have improved their competitiveness by means of mergers and acquisitions, and the adjustment of industry structure has become a development trend. The R & D capability and technical level of the industry will continue to improve. China's wire and cable enterprises have made great achievements in technology, but there is still room for improvement in the research and development of wires and cables for high-end equipment. Hangzhou Hi-tech Co., Ltd., as an enterprise engaged in polymer materials for cables, is expected to benefit from the development trend of the industry.
In terms of assets and liabilities, the total assets of Hangzhou Hi-tech Company at the end of the third quarter of 2023 was 358 million yuan, compared with 334 million yuan at the end of last year, an increase of 7.18%. The total debt was 247 million yuan, a decrease of 6.79% compared with 265 million yuan at the end of last year. The net asset was 111 million yuan, an increase of 61.16% compared with 68.6238 million yuan at the end of last year. The asset-liability ratio was 69.1%, down 10.35 percentage points from 79.45% at the end of the previous year.
In terms of profits, Hangzhou Hi-tech Company's operating income in the third quarter of 2023 was 274 million yuan, an increase of 1.74 percent compared with 269 million yuan in the same period last year. The operating profit was 41.7904 million yuan, compared with-7.8063 million yuan in the same period last year. The net profit was 41.967 million yuan, compared with-8.2306 million yuan in the same period last year. The gross profit margin was 7.69%, down 0.8 percentage points from 8.49% in the same period last year. The net interest rate was 15.34%, an increase of 18.4 percentage points compared with-3.06% in the same period last year.
In terms of cash flow, the cash inflow from the operating activities of Hangzhou Hi-tech Company in the third quarter of 2023 was 197 million yuan, a decrease of 12.44 percent compared with 225 million yuan in the same period last year. Cash outflow from operating activities was 243 million yuan, a decrease of 5.45% compared with 257 million yuan in the same period last year.
Generally speaking, the operating situation of Hangzhou Hi-tech Company has improved in the third quarter of 2023. Although in the face of intensified competition in the industry, in order to strive for more market share, reduce the unit price of sales, resulting in a decline in gross profit, the company achieved a substantial increase in net profit by recovering part of the funds. At the same time, the company's asset-liability ratio has also declined, indicating that the company's financial situation has improved.
For investors, the performance improvement of Hangzhou high-tech companies and the development trend of the industry are worthy of attention. But at the same time, we also need to pay attention to the competitive pressure faced by the company and the risks such as the decline of gross profit margin. It is suggested that investors should fully consider the above factors and invest cautiously when making 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.