According to Huakong SEG's 2023 interim report data, the company's revenue was 324,460,099.72 yuan, down 34.87% from 498,141,501.43 yuan in the same period last year. This sharp decline in revenue has undoubtedly had a serious impact on the company's overall operating conditions.
However, it is worth noting that despite the decline in operating income, net profit attributable to shareholders of listed companies rose sharply, from -26,183,842.60 yuan in the same period last year to 425,364,996.23 yuan in the reporting period, an increase of 1,724.53%. This situation may indicate improvements in the company's cost control and profit model, but it may also be due to some non-recurring benefits.
However, when we look at the net profit attributable to shareholders of a listed company after deducting non-recurring profit and loss, the situation is less optimistic. This figure for the reporting period was -69,816,526.52 yuan. Compared with -25,470,430.49 yuan in the same period last year, the loss margin increased by 174.11%. This shows that if non-recurring revenue is excluded, the company's actual profitability has not improved; on the contrary, it has deteriorated.
From the perspective of cash flow, net cash flow from operating activities was 183,666,264.91 yuan, an increase of 215.13% compared to 58,282,548.58 yuan in the same period last year. This indicates an increase in the company's cash inflow from operating activities. The reason for the change is mainly due to an increase in sales repayment and a decrease in cash payments for the purchase of goods. However, the net cash flow from investment activities was $57,361,493.87, a significant increase compared to -$737,283.99 in the same period last year. The reason for the change is due to the amount received this year to dispose of Huakong Real Estate's shares.
In terms of assets and liabilities, the company's total assets were 4,137,210,296.58 yuan, down 3.99% from 4,309,224,007.01 yuan at the end of the previous year. Net assets attributable to shareholders of listed companies were 470,941,405.03 yuan, an increase of 933.30% compared to 45,576,408.80 yuan at the end of the previous year. This may be due to some asset restructuring or equity changes in the company.
Overall, Huakong SEG's 2023 interim report shows that the company has achieved a significant increase in net profit, but this is mainly due to the impact of some non-recurring revenue. If these factors are excluded, the company's actual profitability has not improved; on the contrary, it has deteriorated. At the same time, the company's operating income has declined, and there are also some problems with its cash flow and balance and liability situation. Therefore, investors need to carefully consider these risk factors when investing in Huakong SEG.
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.