Genew Technologies (stock code: 688418) is a high-tech enterprise focusing on areas such as core network systems, optical networks and access systems, intelligent network and emergency systems, and technology and maintenance services. In 2023, the company followed global economic development, actively expanded overseas markets, and made significant progress in the field of satellite internet. Through independent research and technological innovation, Genew Technologies achieved significant improvement in operating income and net income during the reporting period.

In 2023, Genew Technologies' total assets were 1.865 billion yuan, an increase of 14.86% compared to the beginning of the year's 1.623 billion yuan. This growth was mainly due to the increase in financing of inventory and receivables, which increased by 65.00% and 61.97%, respectively. However, the company's liabilities also increased, with a total liabilities of 0.974 billion yuan at the end of the year, an increase of 50.28% compared to the beginning of the year's 0.648 billion yuan. This resulted in the company's debt-to-asset ratio rising from 39.93% at the beginning of the year to 52.24%. Despite the increase in liabilities, the company's asset structure remains stable, indicating a strong ability to repay debts.

In terms of profit, Genew Technologies had operating income of 0.884 billion yuan in 2023, a year-on-year increase of 66.10%. Among them, the income of optical network and access systems and technology and maintenance services increased significantly, by 169.38% and 178.67%, respectively. Although the company is still in a loss-making state, the net profit attributable to the owners of the parent company was -8.656 million yuan, a significant decrease of losses compared to the previous year's -215 million yuan. Net profit after deducting non-recurring gains and losses also improved, from a loss of -227 million yuan to -9.277 million yuan. This shows that the company has made significant progress in controlling costs and improving operational efficiency.

In terms of cash flow, Genew Technologies' net cash flow from operating activities in 2023 was -0.987 million yuan, a significant improvement from the previous year's -6.504 million yuan. This was mainly due to a significant increase in cash received from selling goods and providing services. Although the net cash flow from investing activities was -5.425 million yuan, there was an improvement compared to the previous year. The net cash flow from financing activities was 6.04 million yuan, which remained stable. These data show that the company has made significant progress in fund management and operational efficiency.

Overall, in 2023, Genew Technologies achieved significant growth in operating income and significant reduction in losses through actively expanding markets, strengthening internal management and technological innovation. Although it faces some debt pressure, the company's asset structure and cash flow situation show a strong financial health. In the future, with the further development of satellite internet and other emerging technologies, Genew Technologies is expected to maintain a good growth trend.