As a leading company in the core components of industrial robots, Green Harmonics (stock code: 688017) recently released its 2023 annual financial report. The report revealed in detail the company's financial situation and operating results over the past year, showing the resilience and potential of Green Harmonics in the midst of industry fluctuations.

First, looking at balance and liability data, by the end of 2023, Green Harmonic's total assets reached 2,812 billion yuan, an increase of 16.43% over the same period last year. This growth was mainly due to the steady expansion of the company's business. However, it is worth noting that the total debt also increased to 794 million yuan, and the year-on-year growth rate was as high as 69.25%. This may be related to the company's efforts to increase investment in R&D and expand the market. Despite this, the company's balance ratio remained at a healthy level of 28.25%, showing strong solvency.

In terms of profit data, Green Harmonics achieved revenue of 356 million yuan in 2023, down 20.10% from 446 million yuan in the same period last year. This decline was mainly affected by weak recovery in the macroeconomic environment and pressure on demand in the downstream industrial robot industry. Despite this, the company achieved remarkable results in optimizing the cost structure and improving operational efficiency, resulting in net profit falling to only 84.1553 million yuan, less than the decline in revenue. Furthermore, although the company's gross margin and net margin fell to 41.14% and 23.82% respectively, they remained at a high level in the industry, reflecting the strong market competitiveness of the company's products.

In terms of cash flow data, Green Harmonic's net cash flow from operating activities in 2023 increased sharply to 149 million yuan, a year-on-year surge of 470.83%. This impressive achievement was mainly due to the reduction in the company's cash for purchasing goods and receiving labor payments, and the release of monetary funds pledged earlier. This allows the company to have more abundant cash flow support when dealing with a complex and changing market environment. At the same time, although the net cash flow from investment and financing activities fluctuated, the overall trend remained stable, providing a strong guarantee for the company's continued development.

In summary, the Green Harmonics 2023 Annual Report presents a situation where challenges and opportunities coexist. Although the company's revenue and profit declined by a certain margin due to macroeconomic and industry demand, the company effectively withstood market risks through measures such as optimizing the cost structure, improving operating efficiency, and strengthening cash flow management. Looking forward to the future, with the gradual recovery of the industrial robot industry and the recovery of market demand, Green Harmonic is expected to achieve better business performance with its leading technical strength and sound financial foundation.