freeslotscom|宝地矿业:2023年净利同比下降6.74% 拟10派1.17元

Nature 2024-04-12

Baodi Mining (601121) disclosed its 2023 annual report on April 12. 2023FreeslotscomThe company achieved a total revenue of 8Freeslotscom6.6 billion yuan, up 13.88% over the same period last year; net profit from home was 187 million yuan, down 6.74% from the same period last year; deducting 84.8524 million yuan from non-net profit, down 57.20% from the same period last year; net cash flow from operating activities was 338 million yuan, down 25.32% from the same period last year; during the reporting period, Baodi Mining basic earnings per share was 0.25 yuan, with a weighted average return on net assets of 6.67%. The company's annual profit distribution plan for 2023 is to distribute 1.17 yuan (including tax) to all shareholders for every 10 shares.

During the reporting period, the company's total non-recurrent profit and loss was 102 million yuan, of which the investment cost of acquiring subsidiaries, joint ventures and joint ventures was less than the fair value of the identifiable net assets of the invested unit was 80.5146 million yuan.

Based on the closing price on April 11, Baodi Mining is trading at about 30.52 times TTM, 1.87 times LF and 6.58 times TTM.

freeslotscom|宝地矿业:2023年净利同比下降6.74% 拟10派1.17元

The historical quantiles of the company's recent price-to-earnings ratio (TTM), price-to-book ratio (LF) and price-to-sales ratio (TTM) are as follows:

Statistics show that Baodi Mining has a compound growth rate of 8.00% in total revenue in the past three years, ranking 13th among the 19 companies in the iron and steel industry that have disclosed data for 2023. In the past three years, net profit grew at a compound annual growth rate of 6.45%, ranking 7x19.

From a product point of view, in the company's main business in 2023, the revenue of iron concentrate powder was 814 million yuan, an increase of 12.29% over the same period last year, accounting for 94.00% of the operating income; and the trade business income was 2.7424 million yuan, an increase of 44.36% over the same period last year, accounting for 0.32% of the operating income.

By the end of 2023, the total number of employees of the company was 689, with per capita income of 1.2572 million yuan, per capita profit of 270800 yuan and per capita salary of 170400 yuan, down 9.59%, 25.96% and 11.74% respectively compared with the same period last year.

In 2023, the company's gross profit margin was 37.09%, down 0.88 percentage points from the same period last year; the net profit margin was 26.98%, down 2.83 percentage points from the same period last year. According to the single-quarter indicators, the company's gross profit margin in the fourth quarter of 2023 was 35.28%, up 10.58% from the same period last year, down 3.22% from the previous quarter; and the net profit rate was 11.18%, up 1.05% from the same period last year and down 46.37% from the previous quarter.

In terms of products, the gross profit margins of iron concentrate powder and trade business in 2023 are 38.11% and 60.90%, respectively.

According to the data, the weighted average return on equity of the company in 2023 was 6.67%, down 3.31 percentage points from the same period last year; the return on invested capital in 2023 was 6.45%, down 1.98 percentage points from the same period last year.

In 2023, the net cash flow of the company's operating activities was 338 million yuan, down 25.32% from the same period last year; the net cash flow of fund-raising activities was 557 million yuan, an increase of 148 million yuan over the same period last year; and the net cash flow of investment activities was-1.067 billion yuan, compared with-220 million yuan in the same period last year.

Further statistics show that the free cash flow of the company is-1.182 billion yuan in 2023, compared with 905 million yuan in the same period last year.

In 2023, the cash ratio of the company's operating income is 118.32%, and the net current ratio is 180.97%.

In terms of operating capacity, in 2023, the company's total asset turnover rate was 0.16 times, compared with 0.19 times in the same period last year (the industry average in 2022 was 0.90 times, and the company ranked 45 times in the same industry); the fixed assets turnover rate was 1.79 times, compared with 2.50 times in the same period last year (the industry average in 2022 was 2.94 times, and the company ranked 29Univer 45 in the same industry). The turnover rate of accounts receivable and inventory is 39.12 times and 6.30 times respectively.

In 2023, the company's period expenses were 126 million yuan, an increase of 23.5719 million yuan over the same period last year, and the period expense rate was 14.54 percent, an increase of 1.08 percent over the same period last year. Among them, sales expenses increased by 10.23% over the same period last year, management expenses increased by 22.9%, R & D expenses were 2.4763 million yuan, and financial expenses decreased by 14.82% over the same period last year.

In terms of major changes in assets, by the end of 2023, the company's long-term equity investment decreased by 48.22% compared with the end of last year, accounting for 6.72% of the company's total assets; monetary funds decreased by 9.37% compared with the end of last year, the proportion of the company's total assets decreased by 6.55%; intangible assets increased by 16.14% compared with the end of last year, accounting for 5.27% of the company's total assets Fixed assets increased by 113.79% over the end of last year, accounting for 4.19 percentage points of the company's total assets.

In terms of major changes in liabilities, by the end of 2023, the company's accounts payable decreased by 79.19% compared with the end of last year, accounting for 15.04% of the company's total assets; long-term payables increased by 122.75% over the end of the previous year, accounting for 8.12% of the company's total assets; non-current liabilities due within one year decreased by 33.72% compared with the end of last year, and the proportion of the company's total assets decreased by 3.75% Notes payable increased by 539.01% over the end of last year, accounting for 1.21 percentage points of the company's total assets.

From the perspective of inventory changes, by the end of 2023, the book value of the company's inventory was 67.6221 million yuan, accounting for 2.22% of the net assets, a decrease of 37.7685 million yuan compared with the end of last year. Among them, the stock price reduction provision is 3.8751 million yuan, and the proportion of provision is 5.42%.

For the whole year of 2023, the company's R & D investment is 2.4763 million yuan, accounting for 0.29% of operating income. In addition, the company's annual R & D investment capitalization rate is 0.

In terms of solvency, the asset-liability ratio of the company at the end of 2023 was 39.40%, down 9.18 percentage points from the end of the previous year; and the interest-bearing asset-liability ratio was 7.94%, down 5.19 percentage points from the end of the previous year.

In 2023, the current ratio of the company is 2.11 and the quick ratio is 2.04.

According to the annual report, among the company's top 10 circulating shareholders at the end of 2023, the new shareholders are Jiang Zhaojun, Xie Jinmin, Cathay Pacific China Securities Exchange Exchange Index Securities Investment Fund, UBSAG, Jingfeng and Guangfa Securities Co., Ltd. Replaced China International Capital Co., Ltd., Liu Pengan, Huatai Securities Co., Ltd., Xia Yinze, Everbright Securities (Rights Protection) Co., Ltd., CITIC Securities Co., Ltd., at the end of the third quarter. In the specific shareholding ratio, Huang Zhilong, Wang Qingfu and Li Xiao have increased their shareholdings.

In terms of chip concentration, by the end of 2023, the total number of shareholders in the company was 37600, down 4058, or 9.74%, from the end of the third quarter; the value of stock market holdings per household dropped to 150200 yuan from 152600 yuan at the end of the third quarter, a decrease of 1.57%.

Indicator Notes:

Price-earnings ratio

= total market capitalization / net profit. When the company loses money, the price-to-earnings ratio is negative, so it is of no practical significance to use the price-to-earnings ratio or the price-to-sales ratio as a reference.

Price to book ratio

= total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies whose earnings fluctuate greatly and their net assets are relatively stable.

Market sales ratio

= total market capitalization / operating income. The valuation method of price-to-sales ratio is usually used for growth companies that are losing money or making small profits.

文中市盈率和市销率采用TTM方式,即以截至最近一期财报(含预报)12个月的数据计算。市净率采用LF方式,即以最近一期财报数据计算。

市盈率为负时,不显示当期分位数,会导致折线图中断。

(文章来源:中国证券报·中证网)

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