Announcement time of this financial report: 2023-10-25 19:07:39
Fuhan Micro (Stock Code: 300613) is a company specializing in the design and development of visual chips, providing high-performance video codec SoC and image signal processor chips, as well as corresponding complete product solutions to meet the needs of video codec and image signal processing chips in the digital video market. The company has a complete product line matrix, covering from analog to digital, from front-end cameras to back-end video recorders, widely used in professional video processing, smart couplet and smart car dealers and other fields.
In terms of assets and liabilities, Fuhanwei's total assets in the third quarter of 2023 were 3.567 billion yuan, up 3.47% from 3.448 billion yuan at the end of the previous year. The total debt was 880 million yuan, a decrease of 6.29% compared with 939 million yuan at the end of last year. This shows that the company's total assets are growing steadily, while the total liabilities are gradually decreasing, and the company's balance sheet as a whole is good. The net asset was 2.687 billion yuan, an increase of 7.09% compared with 2.509 billion yuan at the end of last year, indicating that the company has a strong ability to accumulate its own capital. The asset-liability ratio was 24.67%, down 2.56 percentage points from 27.23% at the end of the previous year, indicating that the company's debt level is decreasing and its financial structure is more robust.
In terms of profit, Fuhanwei's operating income in the third quarter of 2023 was 1.349 billion yuan, down 21.63% from 1.722 billion yuan in the same period last year. The operating profit was 179 million yuan, a decrease of 47.81% compared with 343 million yuan in the same period last year. The net profit was 178 million yuan, a decrease of 43.13% compared with 313 million yuan in the same period last year. This is mainly due to the increasingly complex global geopolitical situation, slowing economic development and high inflation, the semiconductor industry has been running in the downward cycle for nearly two years, and the company's sales have been affected by the slow recovery of downstream demand after being hit.
In terms of cash flow, the net cash flow generated by Fuhanwei's operating activities in the third quarter of 2023 was 258 million yuan, an increase of 7.63% compared with 240 million yuan in the same period last year. This shows that the cash flow generated by the company's operating activities is growing steadily and the cash flow is in good condition.
To sum up, the total assets of Fuhanwei increased steadily in the third quarter of 2023, the total liabilities gradually decreased, and the balance sheet was good. However, due to the complex global geopolitical situation, the slowdown in economic development and the downward cycle of the semiconductor industry, the company's operating income and net profit are under some pressure. However, the company's cash flow is good, and the cash flow generated by operating activities is growing steadily.
For investors, Fuhanwei has a certain market share and competitive advantage, and actively expand more market segmentation applications. The company has carried out counter-cyclical expansion in the talent reserve, and the new products have increased investment in the field of AIoT and automobile to expand into well-known brands; actively develop in new application fields such as industrial vision and robotics, and work together with upstream and downstream strategic partners to lay out more application fields horizontally and continue to develop in depth. Therefore, investors can pay attention to the follow-up development of Fuhanwei, but also need to pay attention to the pressure of its operating income and net profit.
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.