Announcement time of this financial report: 2023-10-27 18:22:30
Huarui Co., Ltd. (stock code: 300626) is an enterprise focusing on the R&D, design, production and sales of low-power motors and micromotor commutators. The company aims to provide commutator products and services with reliable performance and excellent quality, and is known as a leading enterprise in the commutator industry. The company uses a full-plastic one-time molding production process and a fully automatic production line, has a diversified product and customer system, and has established cooperative relationships with world-renowned customers such as Nidec, BorgWarner, and Bosch Group.
In terms of assets and liabilities, Huarui Co., Ltd.'s total assets for the third quarter of 2023 were 1.152 billion yuan, up from 1,116 billion yuan at the end of the previous year. Total liabilities were $529 million, up from $503 million at the end of the previous year. Net assets were 622 million yuan, slightly higher than 613 million yuan at the end of the previous year. The balance ratio was 45.97%, up from 45.11% at the end of the previous year.
In terms of profit, the company's operating income for the third quarter of 2023 was 489 million yuan, which is basically the same as 490 million yuan in the same period last year. Operating profit was 103.192 million yuan, down from 177.796 million yuan in the same period last year. The operating cost was 408 million yuan, which is basically the same as the 407 million yuan in the same period last year. Net profit was 9.816,600 yuan, down from 176.789 million yuan in the same period last year.
In terms of cash flow, the net cash flow from the company's operating activities in the third quarter of 2023 was 44.57 million yuan, down from 51.095 million yuan in the same period last year. Cash inflows from operating activities totaled $495 million, down from $518 million in the same period last year. The total cash outflow from operating activities was $450 million, down from $467 million in the same period last year.
In summary, the operating conditions of Huarui Co., Ltd. in the third quarter of 2023 were generally stable. Total assets increased, but net profit and net cash flow both declined. This may be related to the company's investment in business development and technological innovation.
For investors, as a leading enterprise in the commutator industry, Huarui Co., Ltd. has strong market competitiveness and large market expansion space. Although the company's net profit and net cash flow have declined, the operating income in the automotive motor field is stable, and sales in the field of new energy vehicles have increased. This shows that the company's market position in the automotive motor field is stable, and future development prospects are worth looking forward to. Investors should comprehensively consider the company's operating conditions and market prospects when making investment decisions.
This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.