Announcement time of this financial report: 2023-10-27 18:00:03

Jiahua Technology (stock code: 688051) is a company focusing on the development and application of IoT technology. Over the past 20 years, the company has been committed to the research and practice of IoT technology in the perception layer, platform layer and application layer, and has accumulated competitive core technology and rich application experience. Although the company's industry is still in a period of recovery and adjustment, Jiahua Technology's main business revenue performance in the fields of smart environmental protection and smart cities is stable.

In terms of assets and liabilities, total assets at the end of the reporting period were 1,311 billion yuan, down from 1,481 billion yuan at the end of the previous year. Total liabilities were $373 million, down from $453 million at the end of the previous year. Net assets were $938 million, down from $1,028 million at the end of the previous year. The balance ratio was 28.45%, down from 30.59% at the end of the previous year.

In terms of profit, the operating income from the beginning of the year to the end of the reporting period was 217 million yuan, which is basically the same as the 218 million yuan in the same period last year. However, operating costs increased from 160 million yuan in the same period last year to 172 million yuan at the end of the reporting period, resulting in gross margin falling from 26.51% in the same period last year to 20.68% at the end of the reporting period.

In terms of cash flow, the total cash inflow from operating activities from the beginning of the year to the end of the reporting period was $210 million, down from $268 million in the same period last year. The total cash outflow from operating activities was $335 million, down from $455 million in the same period last year. This is mainly due to a decrease in supplier payments in the current period compared to the same period last year.

In summary, while facing market challenges, Jiahua Technology has maintained a stable business situation. Relying on IoT devices at the sensing layer and core technology at the platform layer, the company provides software and hardware products, solutions and data services based on integrated IoT technology in the field of smart environmental protection and smart cities. The company aims to provide customers with smarter and more efficient solutions and promote the development of smart city construction and environmental protection through innovation and application of IoT technology.

For investors, Jiahua Technology is a company with deep technology accumulation and market experience in the field of IoT. Despite the current complex market environment, the company still has a stable operating situation and clear development goals. Investors can keep an eye on the company's subsequent development in order to make more informed investment decisions.

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.