share_log

【BT财报瞬析】利元亨2023三季报:营收增长显著,净利润下滑,智能制造装备行业前景广阔

[BT Financial Report Instantaneous Analysis] Lee Yuanheng's 2023 Three-Quarter Report: Significant revenue growth, decline in net profit, and broad prospects for the intelligent manufacturing equipment industry

businesstimes cn ·  11/02/2023 11:38

Announcement time of this financial report: 2023-10-27 18:34:59

Guangdong Liyuanheng Intelligent Equipment Co., Ltd. (stock code: 688499) focuses on R&D, production and sales of high-end intelligent manufacturing equipment. It is mainly engaged in lithium battery manufacturing equipment business, and is gradually expanding its business to photovoltaic equipment. According to its 2023 three-quarter report, the company is deeply involved in the intelligent manufacturing equipment industry. By providing high-quality lithium battery manufacturing equipment and photovoltaic equipment, the company meets market demand and maintains a competitive advantage in technological innovation and product development.

In terms of assets and liabilities, total assets at the end of the reporting period were $10.565 billion, up from $9.444 billion at the end of the previous year. Total liabilities were $7.947 billion, up from $6.839 billion at the end of the previous year. Net assets were $2,618 million, slightly higher than $2,605 million at the end of the previous year. The balance ratio was 75.22%, up from 72.41% at the end of the previous year.

In terms of profit, revenue from the beginning of the year to the end of the reporting period was 4,236 billion yuan, up 44.32% from 2,935 billion yuan in the same period last year. Mainly, the company is actively expanding the new energy lithium battery equipment business at home and abroad, speeding up equipment delivery and acceptance, and the company's revenue from power lithium battery manufacturing equipment and intelligent storage equipment increased significantly. However, net profit was 15.5085 million yuan, down 94.32% from 283 million yuan in the same period last year, mainly due to intense market competition in the power lithium battery equipment business, long production and commissioning process cycles, and insufficient standardized settlement and large-scale mass production, resulting in low gross margin and high costs.

In terms of cash flow, net cash flow from operating activities from the beginning of the year to the end of the reporting period was -819 million yuan, down -10,131.29% from 8.166,900 yuan in the same period last year. Mainly due to the long credit period of power lithium battery customers, affected by the macro environment, slow sales repayment during the reporting period, and the mismatch between purchase payments and sales receipts increased.

In summary, Lee Yuanheng's operating income increased significantly in the third quarter of 2023, but both net profit and net cash flow from operating activities declined. This is mainly due to fierce competition in the power lithium battery equipment business market, long production and commissioning process cycles, and insufficient standardized precipitation and large-scale mass production, resulting in low gross margin and high costs.

For investors, although the company's net profit and cash flow have declined, its deep cultivation and technological innovation capabilities in the intelligent manufacturing equipment industry, as well as the market prospects of the lithium battery manufacturing equipment business, are worthy of investors' attention. At the same time, the company has adopted a series of comprehensive measures, such as improving quality and efficiency, controlling costs and reducing fees, optimizing technical standards and high-quality customers, and increasing overseas market development. Judging from the positive trend of operations in the second and third quarters on a month-on-month basis, it has already achieved phased results. Therefore, investors can pay due attention to the company's subsequent developments.

This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment