As a company listed on the Shenzhen Stock Exchange, Koyo Co., Ltd. (stock code: 002708) has shown a strong development momentum, covering the auto parts industry and the electronic circuit manufacturing industry. In 2023, the company responded positively to national policies and closely followed market trends. In particular, it achieved remarkable results in the development of the NEV sector and the electronic information industry chain.
In terms of assets and liabilities, Koyo's total assets increased 19.65% from 2,713 billion yuan at the end of 2022 to 3.246 billion yuan at the end of 2023. Total liabilities also increased from 1,469 billion yuan to 1,584 billion yuan. Despite the increase in liabilities, assets grew faster, and the balance ratio fell from 54.14% to 48.81%, indicating that the company's financial structure has been optimized.
In terms of profit, the operating income of Koyo Co., Ltd. reached 1,823 billion yuan in 2023, an increase of 22.53% over the previous year. The gross margin also increased sharply to 9.6% from 2.69% in the same period last year, reflecting a significant increase in the company's profitability. However, net profit attributable to shareholders of listed companies was -117 million yuan. Despite an improvement over last year, it is still in a state of loss. This requires the company to further optimize its cost structure and enhance market competitiveness.
In terms of cash flow, net cash flow from operating activities was drastically revised from -138 million yuan the previous year to 867 million yuan, indicating that the company's operating efficiency and cash management capabilities have improved. This transformation is critical to securing the company's day-to-day operations and future growth.
In summary, Koyo Co., Ltd. showed a good development momentum in 2023, particularly a significant increase in operating income and gross margin, showing the company's effectiveness in market development and product optimization. However, net profit losses and cash flow challenges still require the company to focus on in future operations. Looking forward to the future, Koyo Co., Ltd. needs to continue to strengthen technological innovation, optimize the financial structure, and enhance market competitiveness to achieve sustainable and healthy development.