Dongguan Aohai Technology Co., Ltd. (stock code: 002993) is a national high-tech enterprise focusing on application-side energy exchange, efficient charging and storage, and centralized supply. The company has a rich product line, including chargers, power adapters, power tool power supplies, energy storage systems, motor controllers, battery management systems, vehicle controllers, etc. These products are widely used in various fields such as smartphones, smart homes, and new energy vehicles. With power electronics technology as the core, Aohai Technology is committed to providing energy efficient application solutions. It has formed the advantage of integrated software and hardware development, and is in a leading position in the research and development of energy efficient application technology.
In terms of assets and liabilities, Aohai Technology's 2023 three-quarter report shows that the company's total assets reached 7.794 billion yuan, an increase of 10.46% over 7.055 billion yuan at the end of the previous year. Total liabilities amounted to $2,941 million, an increase of approximately $509 million over $2,432 billion at the end of the previous year, or an increase of 20.92%. Net assets increased from 4.624 billion yuan at the end of the previous year to 4.852 billion yuan. The balance ratio increased slightly, from 34.46% at the end of the previous year to 37.74%, reflecting an increase in the company's financial leverage. Goodwill remained unchanged at 607.12,400 yuan, which indicates that the company has not undergone major changes in mergers and acquisitions.
In terms of profit, Aohai Technology's revenue increased from 3.349 billion yuan in the same period last year to 3,568 billion yuan, a growth rate of 6.54%. Operating profit fell to 394 million yuan from 432 million yuan in the same period last year, and net profit also declined, from 382 million yuan in the same period last year to 353 million yuan, a decrease of 7.59%. Gross margin and net margin were 22.57% and 9.91%, respectively. Compared with the same period last year, gross margin increased, while net profit margin declined. These changes may be related to increased operating costs, increased market competition, or changes in sales prices.
In terms of cash flow, the net cash flow from Aohai Technology's operating activities was 348 million yuan, a decrease of 15.85% compared with 414 million yuan in the same period last year. The cash inflow from operating activities was subtotal of $3,618 billion, while the cash outflow subtotal was $3.27 billion. Compared with the same period last year, there was a decrease in cash inflows and a slight decrease in outflows, which may reflect changes in the company's collection and payment management.
In summary, Aohai Technology showed a steady growth trend in the third quarter of 2023, with an increase in asset size and an increase in operating income, but it also faced the challenges of falling profits and declining net cash flow. The company's financial position remains healthy, but the trend of growing debt and declining profit margins needs to be watched.
For investors, Aohai Technology's financial report shows the company's efforts to expand its scale and maintain market competitiveness. However, investment decisions should take into account fluctuations in the company's profits and cash flow, as well as the uncertainty of the market environment. Investors are advised to pay close attention to the company's operating efficiency, cost control capabilities and industry trends to make smarter investment choices.
This article only represents the analyst himself or the analyst's judgment 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 is to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.