Jia Linjie (Stock Code: 002486) 2023 China report has been announced. During the reporting period, Jia Linjie's operating income was 516103977.24 yuan, down 19.11% from 638009078.08 yuan in the same period last year. The net profit attributed to shareholders of listed companies was 27471947.04 yuan, an increase of 21.32% compared with 22644869.73 yuan in the same period last year. This shows that although the company's operating revenue has declined, its profitability has improved.
Jia Linjie, founded in 2001 and listed on Shenzhen Stock Exchange on October 15, 2010, is one of the pioneers in the field of domestic outdoor sports functional fabrics. Under the guidance of the competitive strategy of differentiation, high-end and high quality, combined with the development trend of the industry and the needs of customers and the market, the company insists on continuous innovation and in-depth research and development to enhance its core competitiveness and achieve comprehensive, healthy, green and sustainable development. The company is the first Chinese mainland to join the Bluesign alliance of enterprises, is the national "green factory" and "green supply chain management enterprises."
The core advantage of the company is the research and development of medium-and high-grade knitted weft-knitted functional fabrics and garments to provide customers with high-quality services from weaving and dyeing to ready-made garments. The main products are self-developed knitted fabrics, including velveteen fabrics, weft knitted wool fabrics and sports functional fabrics. Among them, the velvet fabric is characterized by the high-density wind shield made of high elastic fiber, the weft-knitted wool fabric has both light and thin, warm and elastic properties, and the sports functional fabric has excellent moisture conductivity and warmth preservation through the construction of air interlayer. On the basis of self-developed high-quality fabrics, the company further refines some of the fabrics according to the needs of customers and sells them to customers all over the world in the form of ready-to-wear. The company is located in the middle reaches of the industrial chain. The R & D model is based on its own research and development, and cooperates with well-known research laboratories and colleges and universities to develop new products. In daily production and operation, the company directly purchases raw materials from well-known upstream enterprises, takes scientific and technological research and development as the lead, takes the market demand as the guide, strictly controls product quality, makes every effort to do a good job in exquisite production, and attracts high-quality customers. In the direct sales mode, the company gives full play to the advantages of digital production in recent years, and greatly improves production efficiency and product quality to meet the fabric and clothing needs of all kinds of customers.
In addition, the net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 28003440.20 yuan, an increase of 27.37% compared with 21986271.67 yuan in the same period last year. This further confirms the improvement of the company's profitability. At the same time, the net cash flow generated by operating activities was 41772728.59 yuan, an increase of 187.41% compared with-47792026.20 yuan in the same period last year, mainly due to a decrease in procurement expenditure in the reporting period.
In terms of assets, the total assets at the end of the reporting period were 1255982262.53 yuan, down 3.29% from 1298646042.76 yuan at the end of the previous year. The net assets belonging to shareholders of listed companies were 1032524065.54 yuan, down 0.65% from 1039279482.49 yuan at the end of last year. This shows that the company's total assets and net assets have declined.
From the cash flow statement, we can see that the net cash flow generated by investment activities is-28277687.47 yuan, compared with-2071333.58 yuan in the same period last year, the loss increased, mainly due to the increase in expenditure on fixed assets during the reporting period. The net cash flow generated by fund-raising activities was-11952671.48 yuan, compared with-7964192.49 yuan in the same period last year, and the loss also increased, mainly due to cash dividends in the reporting period. The balance of cash and cash equivalents at the beginning of the period was 275882795.60 yuan, an increase from 199669207.06 yuan in the same period last year. The balance of cash and cash equivalents at the end of the period was 280353874.73 yuan, a significant increase compared with 146633641.00 yuan in the same period last year.
Overall, Jia Linjie showed good profitability in the 2023 report, and despite a decline in operating income, net profit and net profit after deducting non-recurring gains and losses increased. In particular, the net cash flow generated by operating activities has increased significantly, indicating a significant improvement in the company's operating conditions. However, the company's total assets and net assets have declined, and cash flow losses in investment and fund-raising activities have also increased, which are all areas of concern.
As a financial analyst, I think Jia Linjie has improved in terms of operating conditions, but there are still some problems in terms of assets and cash flow. Therefore, when investing in Jia Linjie, investors need to comprehensively consider the company's financial indicators and make wise investment decisions.
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.