Armaton (Stock Code: 002623) 2023 interim report has been released, the following is a detailed interpretation of the company's financial results.
The operating income during the reporting period was 1686528547.91 yuan, an increase of 14.78% compared with 1469333980.16 yuan in the same period last year.
In the first half of 2023, the economy and society returned to normal operation in an all-round way, macro policies were effective, and the national economy rebounded for the better. However, the recovery of market demand is not as expected, and the competition in the industry is fierce. The company has always focused on the development of its main business, deeply ploughed the field of deep processing of optoelectronic glass, accelerated the construction and upgrading of new projects, optimized the product structure, and improved the industrial layout. At the same time, fine management, strengthen risk control, and steadily increase market share.
Let's see, the net profit belonging to the shareholders of listed companies was 39021622.08 yuan in the reporting period, down 9.22% from 42986256.88 yuan in the same period last year. However, it is worth noting that the net profit after deducting non-recurring profits and losses belonging to shareholders of listed companies was 32428587.24 yuan in the reporting period, an increase of 17.47% compared with 27606855.02 yuan in the same period last year, indicating that the company's main business profits have increased by a large margin.
The net cash flow generated by business activities in the reporting period was 76970345.96 yuan, an increase of 241.50% compared with-54397895.31 yuan in the previous year, indicating a significant improvement in the cash flow situation of business activities, mainly due to the increase in sales income of the main products during the reporting period and the increase in the return amount compared with the same period last year.
Basic earnings per share for the reporting period was 0.20 yuan, down 9.09% from 0.22 yuan in the same period last year, which may be due to a decline in net profit or an increase in equity during the reporting period. The weighted average return on equity was 1.21% in the reporting period, down 0.09% from 1.30% in the same period last year, which may be due to a decline in the company's return on equity.
The total assets at the end of the reporting period were 5262952458.40 yuan, an increase of 5.21% compared with 5002235042.98 yuan at the end of the previous year. This indicates that the company's assets have expanded during the reporting period. However, the net assets belonging to shareholders of listed companies were 3192606533.19 yuan at the end of the reporting period, a decrease of 1.08% compared with 3227568273.11 yuan at the end of the previous year, which may be due to a decrease in net profit or an increase in equity during the reporting period.
As can be seen from the cash flow statement, the net cash flow generated by investment activities during the reporting period was-196510850.98 yuan, which was significantly lower than that of 23234373.71 yuan in the same period last year. This is mainly due to the increase in investment projects in the reporting period and the "large-size display optical laminating production line project (Phase I)".
Overall, Armarton showed a certain momentum of growth in the 2023 report, especially in terms of operating income and net cash flow from operating activities. However, the company's performance in terms of net income and earnings per share is relatively weak. Therefore, when considering investing in Armarton, investors should fully consider these risk factors of the company and make a comprehensive investment decision combined with other information 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.