According to data from Shuanghuan Technology's 2023 interim report, the company's revenue was 1,980,331,147.19 yuan, down 13.85% from 2,298,776,177.89 yuan in the same period last year. This downward trend is also reflected in net profit attributable to shareholders of listed companies. Net profit for the reporting period was 298,050,898.49 yuan, down 42.11% from 514,837,750.73 yuan in the same period last year. Similarly, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss also declined. The reporting period was 291,973,127.60 yuan, down 43.19% from 513,965,613.38 yuan in the same period last year. These data all show that the company's performance is declining.
In terms of cash flow, net cash flow from operating activities was $206,433,523.44, down 65.39% from $596,531,309.60 in the same period last year. This sharp decline is likely to have an impact on the company's day-to-day operations. At the same time, the net cash flow from investment activities was -99,254,680.76 yuan, up from -239,470,031.06 yuan in the same period last year, but it is still negative, indicating that the company's cash outflow from investment exceeds that of cash inflows. Net cash flow from fund-raising activities was -221,909,614.29 yuan, a sharp drop from -16,356,960.68 yuan in the same period last year. This may have an impact on the company's capital chain.
In terms of assets and liabilities, total assets at the end of the reporting period were 2,752,662,311.71 yuan, an increase of 0.76% compared to 2,731,856,371.94 yuan at the end of the previous year. Net assets attributable to shareholders of listed companies were 1,764,142,238.93 yuan, an increase of 20.32% compared to 1,466,256,890.82 yuan at the end of the previous year. This indicates that the scale of the company's assets is expanding, but considering that the company's performance and cash flow are declining, it is questionable whether this increase in assets can bring about better performance.
In terms of liabilities, total current liabilities were $571,087,396.39, down from $1,021,972,467.27 at the beginning of the year, and total non-current liabilities were $417,432,676.39, up from $243,627,013.85 at the beginning of the year. This may indicate that the company's ability to pay debts in the short term has improved, but long-term debt repayment pressure is increasing.
Overall, data from Shuanghuan Technology's 2023 interim report shows that the company's performance and cash flow are declining, and it is questionable whether the increase in assets can bring about better performance. Therefore, as a financial analyst, I think investors need to be careful when investing in Shuanghuan Technology and carefully consider the company's declining performance and declining cash flow.
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.