Announcement time of this financial report: 2023-10-24 19:08:37
Dayang Motor (stock code: 002249) is a high-tech enterprise dedicated to becoming an excellent supplier of green environmental protection solutions for global motors and drive control systems. The company's main business includes construction and household electrical appliances, new energy vehicle powertrain systems, vehicle rotating electrical appliances, hydrogen fuel cell systems and their key components and other products. The company has a high degree of independent research and development, lean manufacturing and intelligent marketing capabilities.
In terms of assets and liabilities, the total assets of Dayang Motor in the third quarter of 2023 were 15.981 billion yuan, an increase from 15.162 billion yuan at the end of last year. Total liabilities amounted to 7.118 billion yuan, up from 6.749 billion yuan at the end of last year. Net assets were 8.863 billion yuan, up from 8.413 billion yuan at the end of last year. The asset-liability ratio was 44.54%, basically unchanged from 44.51% at the end of last year. These changes were mainly due to the fact that the wealth management products purchased by the Company from banks had been fully redeemed at the end of the period, the increase in the Company's prepaid bulk material purchase funds for the current period, and the increase in large-amount certificates of deposit held by the Company due within one year at the end of the period.
In terms of profit, the operating income of Dayang Motor in the third quarter of 2023 was 8.496 billion yuan, an increase from 8.151 billion yuan in the same period last year. Operating profit was 656 million yuan, up from 581 million yuan in the same period last year. Net profit was 559 million yuan, up from 469 million yuan in the same period last year. Gross profit margin was 21.75%, up from 18.19% in the same period last year. Net interest rate was 6.58%, up from 5.75% a year earlier. These changes were mainly due to the recovery of China's home appliance market in the first half of 2023, which was affected by factors such as high temperature weather, real estate recovery and home appliance consumption policies.
In terms of cash flow, the net cash flow generated from operating activities of Dayang Motor in the third quarter of 2023 was RMB 1.361 billion yuan, an increase compared with RMB 860 million yuan in the same period last year. Cash inflow from operating activities was 8.86 billion yuan, down from 9.15 billion yuan in the same period last year. Cash outflow from operating activities was 7.499 billion yuan, down from 8.29 billion yuan in the same period last year. These changes were mainly due to the strengthening of inventory control during the period and the decrease in cash paid for the purchase of commodities in response to the decrease in the prices of bulk materials used in the production of products.
On the whole, Dayang Motor's operating condition in the third quarter of 2023 was good, showing steady growth in terms of assets and liabilities, profits and cash flow. As a supplier focused on green solutions, it has good prospects in the home appliance and automobile industries.
For investors, Dayang Motor's performance has grown steadily, and it has a certain market position in the field of green environmental protection solutions, which is an investment object worthy of attention. However, investors also need to consider the overall development trend of the industry and the company's operational risks when investing. Investors are advised to invest prudently according to their own investment objectives and risk tolerance.
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.