The announcement time of this financial report is: 2023-10-20 16:05:02
Jifeng Technology (stock code: 300022) is a company mainly engaged in agricultural machinery chain sales services and high-end agricultural machinery R & D and manufacturing. The company's quarterly report for 2023 shows that the company's operating conditions have improved, with changes in key financial data such as net assets, asset-liability ratio, gross margin, net profit, net profit, return on assets (ROE), goodwill and so on.
First of all, from the perspective of assets and liabilities, the company's total assets increased from 1.626 billion yuan at the end of last year to 1.958 billion yuan at the end of this reporting period. The total liabilities decreased from 1.233 billion yuan at the end of last year to 1.109 billion yuan at the end of this reporting period. This indicates that the company's assets have expanded and its liabilities have decreased during the reporting period. The net assets increased from 393 million yuan at the end of last year to 848 million yuan at the end of this report, reflecting the enhancement of the company's own capital accumulation ability. The asset-liability ratio decreased from 75.86% at the end of last year to 56.68% at the end of this report, indicating that the company's debt level has declined and its financial structure is more robust.
Secondly, in terms of profitability, the company's gross profit margin decreased from 14.42% in the same period last year to 13.95% from the beginning of the year to the end of the reporting period, although it declined, but remained at a high level as a whole, indicating that the company's profitability is still strong. The net interest rate increased from 1.9% in the same period last year to 2.01% at the beginning of the year to the end of the reporting period, indicating that the company's net profit as a percentage of operating income has increased and its profit efficiency has improved. Net profit increased from 381 million yuan in the same period last year to 415 million yuan from the beginning of the year to the end of this reporting period, a small increase, but still shows that the company's profitability is steadily improving.
Thirdly, from the perspective of investment income, the company's return on assets (ROE) decreased from 10.74% at the end of last year to 6.69% at the end of this report, although it has declined, but it is still at a high level, reflecting that the company's investment return capacity is still strong.
Finally, in terms of goodwill, the goodwill of the company was 840 million yuan at the end of this reporting period and the end of last year, which shows that the company did not carry out significant M & An activities during the reporting period.
Taken together, the operating situation of Jifeng Technology has improved in the third quarter of 2023, with net assets doubling, asset-liability ratio falling sharply and profitability increasing steadily. However, the return on assets of the company has declined, so we need to pay attention to the change of its investment return ability. For investors, they can continue to pay attention to the operating and financial situation of Jifeng Technology in order to make more accurate 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.