According to Shandong Weida's 2023 interim report, revenue for the reporting period was 1,179,508,154.68 yuan, down 13.60% from 1,365,160,635.71 yuan in the same period last year. This may be due to factors such as changes in the market environment or adjustments in the company's business strategy.
Meanwhile, net profit attributable to shareholders of listed companies during the reporting period was 71,722,901.81 yuan, down 56.95% from 166,592,026.15 yuan in the same period last year. This indicates that the company's profitability declined during the period. However, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $69,891,510.59, down 55.78% from $158,063,611.30 in the same period last year. This further confirms the decline in the company's profitability.
However, it is worth noting that the net cash flow from operating activities during the reporting period was 125,603,869.88 yuan, an increase of 128.66% compared to 54,929,596.10 yuan in the same period last year. This indicates that the cash flow generated by the company's operating activities increased significantly in the current period. This is a positive sign that the company's operating activities have had good cash inflows.
In terms of assets, total assets at the end of the reporting period were 5,071,481,301.85 yuan, an increase of 0.44% compared to 5,049,046,888.09 yuan at the end of the previous year. This indicates that the company's total assets have grown during the period. At the same time, the net assets attributable to shareholders of listed companies at the end of the reporting period were 3,328,312,753.64 yuan, an increase of 1.75% compared to 3,271,079,592.11 yuan at the end of the previous year. This indicates that the company's net assets have also increased.
In terms of cash flow, net cash flow from investment activities during the reporting period was $131,862,305.88. Compared with $-219,393,543.95 in the same period last year, net cash flow increased significantly. This may be due to a contraction in the company's investment activity in the current period, or an increase in return on investment. However, net cash flow from fund-raising activities was -200,332,925.93 yuan. Compared with 209,550,964.16 yuan in the same period last year, net cash flow declined. This may be due to a decrease in the company's fund-raising activities in the current period.
Overall, in Shandong Weida's 2023 interim report, although operating income and net profit have declined, net cash flow from operating activities has increased dramatically, and net cash flow from investment activities has also increased dramatically. These are all positive signs. However, there has been a decline in net cash flow from the company's fund-raising activities, which may have some impact on the company's capital chain.
Therefore, as a financial analyst, I think when considering investing in Shandong Weida, investors need to comprehensively consider various factors such as the company's operating income, net profit, and cash flow, and also pay attention to changes in the company's business strategy and market environment.
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.