Announcement time of this financial report: 2023-10-25 17:10:06
Changbao Co., Ltd. (stock code: 002478) is a company specializing in the research, development, production and sales of special pipes, which are mainly used in oil and gas production, power station boilers, construction machinery and petrochemical fields. The company has brand advantage and leading competitive advantage in tubing, high-pressure boiler tube and other fields. During the reporting period, the company achieved significant growth in operating income and net profit, mainly due to the grasp of market opportunities, the expansion of new markets and new products, and the release of new project capacity.
In terms of assets and liabilities, the total assets of the company at the end of this report were 7.826 billion yuan, an increase compared with 7.335 billion yuan at the end of last year. The total liabilities are 2.592 billion yuan, which is basically the same as that of 2.596 billion yuan at the end of last year. The company's net worth was 5.234 billion yuan, up from 4.739 billion yuan at the end of last year. The asset-liability ratio was 33.12%, down from 35.4% at the end of the previous year. These figures show that the company's assets are in good condition and its liabilities are under control.
In terms of profit, the company's operating income from the beginning of the year to the end of the reporting period was 5.115 billion yuan, an increase from 4.489 billion yuan in the same period last year. Operating profit was 672 million yuan, up significantly from 344 million yuan in the same period last year. The net profit was 637 million yuan, up significantly from 361 million yuan in the same period last year. Gross profit margin was 18.85%, up from 13.12% in the same period last year. The net interest rate was 12.46%, up from 8.04% in the same period last year. These data show that the company has strong profitability and remarkable operating benefits.
In terms of cash flow, the net cash flow generated by the company's operating activities from the beginning of the year to the end of the reporting period was 297 million yuan, down from 504 million yuan in the same period last year. The cash inflow from operating activities totaled 4.321 billion yuan, which was basically the same as that of 4.323 billion yuan in the same period last year. Cash outflow from operating activities totaled 4.023 billion yuan, up from 3.819 billion yuan in the same period last year. These data show that the company's cash flow management is reasonable, but the net cash flow generated by operating activities has declined, which requires attention.
To sum up, Changbao shares had a good operating condition, a significant increase in operating income and net profit, a good balance sheet and reasonable cash flow management during the reporting period. Through technological innovation and lean improvement, the company has improved product profitability and business quality, and will continue to focus on high-quality operation, enhance its core competitiveness and achieve sustained and healthy development in the future.
For investors, Changbao shares have good investment prospects. The significant growth of the company's operating income and net profit shows that the company has strong profitability and remarkable operating benefits. At the same time, the company's balance sheet is good, and the asset-liability ratio has declined, indicating that the company's liabilities are properly controlled and its assets are in good condition. Therefore, investors can consider Changbao shares as the object of investment.
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.