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光库科技2023中报解读:净利润大幅下滑,现金流量净额却大幅上升,业绩表现引人质疑

Interpretation of Guangku Technology's 2023 Interim Report: Net profit has declined sharply, but net cash flow has risen sharply. Performance is questionable

businesstimes cn ·  08/21/2023 14:27

According to Guangku Technology's 2023 interim report data, revenue for the reporting period was 338,739,097.72 yuan, an increase of 7.51% compared to 315,074,624.45 yuan in the same period last year. However, net profit attributable to shareholders of listed companies during the reporting period was $31,725,183.67, down 45.22% from $57,913,152.24 in the same period last year. Under such circumstances, the increase in operating income did not translate into an increase in net profit; instead, there was a sharp decline. This undoubtedly raised questions about the company's profitability.

Further, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss during the reporting period was $20,469,301.15, down 41.38% from $34,918,891.76 in the same period last year. This further confirms that the company's profitability is declining. Meanwhile, the basic earnings per share for the reporting period was 0.1,282 yuan/share, down 45.42% from 0.2349 yuan/share in the same period last year. This is certainly quite a blow to investors.

Surprisingly, however, the net cash flow from operating activities during the reporting period was 43,799,469.93 yuan, an increase of 189.59% compared to 15,124,886.50 yuan in the same period last year. This meant a sharp increase in the company's cash inflows, which was in stark contrast to the sharp decline in its net profit. This situation may mean that the company has problems with its accounts receivable and inventory management, or that the company is spending more on other investment activities.

From the balance sheet, we can see that total assets at the end of the reporting period were 1,960,268,599.12 yuan, a slight decrease of 0.08% compared to 1,961,856,424.84 yuan at the end of the previous year. However, net assets attributable to shareholders of listed companies at the end of the reporting period were 1,668,825,528.31 yuan, an increase of 1.14% compared to 1,650,092,612.11 yuan at the end of the previous year. This indicates that the size of the company's assets has remained stable, but its net assets have increased.

Looking at the cash flow statement, net cash flow from investment activities during the reporting period was -85,394,602.48 yuan. Compared with -254,698,909.43 yuan in the same period last year, loss decreased. However, net cash flow from financing activities was -45,101,804.60 yuan, compared with -34,385,038.28 yuan in the same period last year, an increase in loss. This could mean that there are problems with the company's decisions on investment and fund-raising activities.

Based on the above analysis, Optoku Technology's performance in the 2023 interim report is questionable. Despite an increase in operating income, net profit declined sharply, while net cash flow rose sharply. This may mean that the company's profitability is declining, and there may be problems with accounts receivable and inventory management, and investment and financing decisions. Therefore, as a financial analyst, I suggest that investors should carefully consider their performance and financial situation when investing in Guangku Technology.

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.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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