Huatong stock (stock code: 002840) is not only a national key leading enterprise of agricultural industrialization, but also a double leading enterprise of breeding and slaughtering in Zhejiang province. The company is mainly engaged in pig breeding, pig slaughtering and meat products processing and other business, in addition, the company also has feed processing, poultry breeding and slaughtering and other supporting business.
In the first half of 2023, Huatong's income and profits mainly came from pig farming and pig slaughtering business. However, due to oversupply and low pig prices, the company's pig business suffered a small loss. Nevertheless, the company's operating income reached 4.118 billion yuan in the reporting period, an increase from 3.858 billion yuan in the same period last year.
However, the company's operating profit during the reporting period was-408 million yuan, compared with-712 million yuan in the same period last year. This is mainly due to the company's operating cost of 4.169 billion yuan in the reporting period, an increase from 3.799 billion yuan in the same period last year. In addition, the company's net profit in the reporting period was-400 million yuan, compared with-644 million yuan in the same period last year, and the loss also increased.
In terms of financial position, the total assets of the company at the end of the period was 8.736 billion yuan, which was lower than the 8.872 billion yuan at the beginning of the period. The total liabilities at the end of the period were 6.254 billion yuan, an increase compared with the 5.526 billion yuan at the beginning of the period. This brings the company's asset-liability ratio to 71.59% at the end of the period, up from 62.29% at the beginning of the period.
In terms of cash flow, the net cash flow generated by the company's operating activities was 258 million yuan in the reporting period, compared with-992700 yuan in the same period last year. However, the net cash flow generated by investment activities during the reporting period was-584 million yuan, compared with-683 million yuan in the same period last year. The net cash flow generated by fund-raising activities was 892 million yuan in the reporting period, which decreased significantly compared with 559 million yuan in the same period last year.
Despite the impact of market supply and demand and price fluctuations, Huatong shares are still actively adjusting their business strategies to meet the challenges. The company's R & D investment in the reporting period increased by 129.05% compared with the same period last year, which shows that the company attaches importance to technological innovation and product research and development.
Overall, Huatong shares faced some challenges in the first half of 2023, but the company is still actively responding to it, with a view to achieving better operating results in the future by increasing investment in research and development. When considering investing in Huatong shares, investors should fully consider the operating conditions of the company and the impact of the market environment, 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.