As a high-tech enterprise that focuses on valve plumbing fittings and precise radiotherapy for tumors, Yorhe Fluid Intelligent Control (stock code: 002795) demonstrated its global strategy to further expand the photovoltaic battery industry while maintaining steady development in the 2023 annual report. By analyzing the financial data of 2023 in-depth, we can comprehensively understand the company's financial condition and business development trend.

From the asset-liability data, Yorhe Fluid Intelligent Control's total assets increased from 1.55 billion yuan in 2022 to 1.88 billion yuan in 2023, an increase of 21.29%, showing the expansion of the company's asset scale. The total liabilities also increased from 726 million yuan to 1.075 billion yuan, and the asset-liability ratio increased from 46.83% to 57.22%. This indicates that the company increased its liabilities to expand production and business scope. The decrease in goodwill from 125 million yuan to 101 million yuan may reflect the company's impairment treatment of the acquired assets.

In terms of profit data, Yorhe Fluid Intelligent Control's operating revenue in 2023 was 948 million yuan, a decrease of 4.19% from the previous year's 990 million yuan. At the same time, the company's gross margin plummeted from 28.19% in the same period last year to 14.34%, which may be due to the increase in operating costs (from 711 million yuan to 812 million yuan) and intensified market competition, leading to a drop in sales prices. The net profit attributable to shareholders of the listed company fell from a loss of 26.19 million yuan in the previous year to a loss of 156 million yuan, indicating that the company faced significant operational pressure in this reporting period.

The cash flow data shows that the net cash flow from operating activities plummeted from 212 million yuan in the previous year to 2.342 million yuan, a decrease of 88.93%. This indicates that the company's cash inflow from operating activities has significantly decreased, possibly due to a decline in revenue and/or an increase in operating capital. In addition, the decrease in monetary funds also reflects the weakening of the company's liquidity.

In summary, Yorhe Fluid Intelligent Control faced a series of financial challenges in 2023, including a decline in operating revenue and net profit, a significant decrease in gross margin, and a significant reduction in cash flow. Although the company's asset scale has expanded, the increase in liabilities and the weakening of liquidity are issues that need attention. In the future, the company needs to optimize its cost structure, improve its market competitiveness, and at the same time manage its financial leverage prudently to achieve sustainable development.