Announcement time of this financial report: 2023-10-25 16:31:31
Daye Co., Ltd. (stock code: 300879) is a company specializing in the R & D, design, manufacture and sales of lawnmowers, lawnmowers / irrigation mowers, other power machinery and accessories. The company's products are mainly used in landscaping pruning, leaf cleaning, road snow removal and other fields, the products are sold to more than 60 countries and regions around the world, the main customers include The Home Depot Inc, Walmart Inc and other well-known enterprises. Below, we will make a detailed financial analysis of Daye shares according to its financial results for the third quarter of 2023.
First of all, let's look at the balance sheet. The total assets at the end of the reporting period were 3.276 billion yuan, an increase compared with 2.619 billion yuan at the end of last year. The total liabilities amounted to 2.311 billion yuan, an increase from 1.666 billion yuan at the end of last year. The net asset was 965 million yuan, slightly higher than the 954 million yuan at the end of last year. The asset-liability ratio was 70.54%, up from 63.58% at the end of the previous year. These data show that the company's assets have expanded during the reporting period, but at the same time, liabilities have also increased, and the increase in asset-liability ratio indicates that the company's financial risk has increased.
Next, let's look at the profit side. The operating income from the beginning of the year to the end of the reporting period was 809 million yuan, down from 1.328 billion yuan in the same period last year. Operating profit was-38.4235 million yuan, down sharply from 78.8915 million yuan in the same period last year. The operating cost was 659 million yuan, down from 1.114 billion yuan in the same period last year. The net profit was-23.1494 million yuan, down sharply from 65.7617 million yuan in the same period last year. These figures show that the company's operating income and profits declined during the reporting period, and its operating condition deteriorated compared with the same period last year.
Let's take a look at cash flow. The net cash flow generated by operating activities from the beginning of the year to the end of the reporting period was 388 million yuan, an increase from 153 million yuan in the same period last year. Cash inflow from operating activities totaled 1.171 billion yuan, down from 1.705 billion yuan in the same period last year. Cash outflow from operating activities totaled 783 million yuan, down from 1.553 billion yuan in the same period last year. These data show that the company's cash flow situation during the reporting period is generally good, and the net cash flow generated by operating activities has increased, indicating that the company's operating activities can generate more cash inflows.
To sum up, the operating condition of Daye shares in the third quarter of 2023 has deteriorated compared with the same period last year, operating income and profits have declined, but the overall cash flow situation is good, operating activities can generate more cash inflows. For investors, they need to pay attention to the future operating conditions and financial risks of the company, and invest cautiously.
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.