Qingdao Golden King (stock code: 002094) 2023 China report has been announced, the following is the interpretation of the company's financial report.
First of all, we note that the company's operating income is 1528887584.44 yuan, down 12.77% from 1752756192.98 yuan in the same period last year. However, it is worth noting that despite the decline in operating income, the net profit belonging to shareholders of listed companies has increased. The net profit in the reporting period was 31161957.12 yuan, an increase of 41.05% compared with 22092089.19 yuan in the same period last year. This shows that the company can still achieve the growth of net profit through effective cost control and operation management in the face of declining operating income.
On further observation, we found that the net profit after deducting non-recurring gains and losses belonging to shareholders of listed companies was 24540700.82 yuan, an increase of 5.08% compared with 23354309.24 yuan in the same period last year. This shows that the company's main profitability has improved. However, the net cash flow generated by operating activities was-71854766.87 yuan, compared with 21340431.67 yuan in the same period last year, and the loss increased by 436.71%. This may mean that there is some pressure on the cash flow of the company's business activities.
In terms of financial indicators, basic earnings per share for the reporting period was 0.045 yuan, an increase of 40.63% compared with 0.032 yuan in the same period last year. This shows that the company's profitability has improved. At the same time, the weighted average return on equity during the reporting period was 2.15%, an increase of 1.16 percentage points compared with 0.99% in the same period last year, which further confirmed the improvement of the company's profitability.
In terms of assets and liabilities, the total assets at the end of this report were 3203025824.13 yuan, down 1.02% from 3235964371.33 yuan at the end of the previous year. The net assets belonging to shareholders of listed companies were 1466756196.80 yuan, an increase of 2.31% compared with 1433646428.15 yuan at the end of last year. This indicates that the company's net assets are growing, but total assets have declined, possibly due to impairment or disposal of assets.
In terms of cash flow, the net cash flow generated by investment activities was-632690023.19 yuan, down sharply from-347219557.11 yuan in the same period last year. This may be due to increased investment by the company. The net cash flow generated by fund-raising activities was 214573892.32 yuan, a substantial increase compared with 3147973.26 yuan in the same period last year, which may be that the company replenished its cash flow through fund-raising activities.
Generally speaking, Qingdao Jinwang has achieved the growth of net profit through effective cost control and operation management in the case of declining operating income. However, the company's cash flow is under great pressure and needs to pay attention to its future cash flow situation. When considering investment, investors should take into account the profitability, cash flow and assets and liabilities of the company.
This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.