Liberal Arts Garden (stock code: 002775) is an enterprise engaged in landscape and ecological environmental protection industry, the main business includes ecological engineering construction, landscape design, science, education, cultural travel, photovoltaic energy storage, garden maintenance, green seedling planting and so on. In recent years, the company has actively implemented the diversification strategy, trying to change its main business from a relatively single ecological environment to green industries such as ecological environment, ecological research tourism, green energy and so on.

According to the report of Liberal Arts Garden in 2023, with the increase in the scale of the business, the operating income increased by 66.30%, the operating cost increased by 88.42%, and the sales expense increased by 142.95%. Financial expenses increased by 54.18% year-on-year, due to the increase in interest on loans. Income tax expenses increased by 200.59% compared with the same period last year, due to the reversal of impairment losses. Let's take a look at the net cash flow generated by operating activities, which increased by 82.22% compared with the same period last year, mainly due to the decrease in project payments in the current period, while the net cash flow generated by fund-raising activities decreased by-51.59% compared with the same period last year. It is mainly due to the increase in loan repayment in the current period. These data show that the company's main business showed an overall growth trend during the reporting period.

In terms of financial indicators, the total assets of liberal arts gardens increased from 5.012 billion yuan at the beginning of the period to 5.48 billion yuan at the end of the period, and the total liabilities increased from 4.78 billion yuan at the beginning to 4.956 billion yuan at the end of the period. Goodwill remained stable, with 299 million yuan at the beginning and end of the period. Net assets increased from 232 million yuan at the beginning of the period to 524 million yuan at the end of the period, and the asset-liability ratio decreased from 95.37% at the beginning to 90.44% at the end of the period. These data show that the size of the company's assets and liabilities have increased, but the asset-liability ratio has declined, indicating that the company's financial structure has improved.

In terms of profitability, the operating income of liberal arts gardens increased from 302 million yuan in the same period last year to 502 million yuan in the current reporting period, and the operating profit changed from-675 million yuan in the same period last year to 12900 million yuan in the reporting period. the net profit changed from-706 million yuan in the same period last year to 472 million yuan in the reporting period. These figures show that the company's profitability has improved.

In terms of cash flow, the net cash flow generated by the business activities of liberal arts gardens improved from-289 million yuan in the same period last year to-514 million yuan in the current reporting period, while the net cash flow generated by investment activities decreased from-189 million yuan in the same period last year to-197 million yuan in the current reporting period. The net cash flow generated by fund-raising activities decreased from 271 million yuan in the same period last year to 131 million yuan in the current reporting period, and the balance of cash and cash equivalents at the end of the period increased from 152 million yuan in the same period last year to 170 million yuan in the current reporting period. These figures show that the company's cash flow position has improved.

Based on the above analysis, the Liberal Arts Garden 2023 report shows that the company has improved in terms of main business, financial structure, profitability and cash flow. Despite the challenges such as setbacks in the development of the industry and great pressure on market competition, the company relies on good word-of-mouth, high-level qualifications, brands, business implementation capabilities and service quality, as well as positive diversification strategies. still shows strong competitiveness and development potential. Therefore, investors can pay attention to the stocks of liberal arts garden properly, but they also need to pay close attention to the company's operation and industry trends, and make rational 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.