According to data from Wanxun Automation's 2023 interim report, revenue for the reporting period was 482,650,141.22 yuan, an increase of 0.82% compared to 478,746,229.14 yuan in the same period last year. Although there has been an increase in operating income, the increase is small, indicating that the company's revenue growth momentum is insufficient.
Meanwhile, net profit attributable to shareholders of listed companies during the reporting period was 38,642,685.40 yuan, a slight decrease of 0.18% compared to 38,711,657.30 yuan in the same period last year. This shows that the company's profitability has not increased; on the contrary, there has been a slight decline. What is more noteworthy is that the net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss during the reporting period was 18,577,263.70 yuan. Compared with 36,378,644.14 yuan in the same period last year, it fell by as much as 48.93%, which meant that the company's main profitability declined sharply.
In terms of cash flow, net cash flow from operating activities during the reporting period was 726,868.78 yuan, an increase of 103.42% compared to -21,229,191.92 yuan in the same period last year. This indicates that the company's operating cash flow has changed from negative to positive; however, this figure is still small, indicating that the company's ability to generate cash flow from operating activities is weak.
Furthermore, total assets at the end of the reporting period were $1,719,001,180.11, down 4.29% from $1,796,096,552.63 at the end of the previous year. This indicates that the size of the company's total assets is shrinking, which may mean that the scale of the company's operations is shrinking. However, the net assets attributable to shareholders of listed companies at the end of the reporting period were 1,203,419,575.98 yuan, an increase of 0.08% compared to 1,202,435,784.05 yuan at the end of the previous year. This increase was very small, indicating that the company's net assets had insufficient momentum for growth.
In terms of liabilities, total current liabilities at the end of the reporting period were $264,616,798.46, a decrease of 12.42% compared to $302,156,446.15 at the beginning of the year. This indicates that the company's short-term solvency has improved. However, total non-current liabilities at the end of the reporting period were $202,854,064.43, down 6.24% from $216,359,801.74 at the beginning of the year. This indicates that the company's long-term solvency has also improved.
Overall, although Wanxun Automation's 2023 interim report shows that the company's operating income and net profit have both increased, the increase is small, and net profit after deducting non-recurring profit and loss has declined sharply, indicating that the company's main profitability has declined sharply. At the same time, the company's total assets are shrinking, which may mean that the company's operating scale is shrinking. Therefore, investors need to carefully consider the company's issues when investing in Wanxun Auto Control.
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.