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According to the public information of Bread Finance, from 2021 to 2023, Dexin Technology will achieve a cumulative net profit of about 340 million yuan, and the dividend amount will be 0 yuan.
As of the end of 2023, the amount of undistributed profit reported by the parent company of Dexin Technology was 541 million yuan, an increase of more than 200 million yuan from the end of 2022.
Dexin Technology: Undistributed profit exceeds 500 million, and dividends are 0 yuan
Dexin Technology recently announced that the profit distribution plan for 2023 is: the company will not distribute cash dividends, give bonus shares, and will not convert capital reserve into share capital in 2023, and the undistributed profits will be carried forward to the next year.
According to the public information of Bread Finance, from 2021 to 2023, Dexin Technology will achieve a cumulative net profit of about 340 million yuan. During the period, DXN Technology did not pay cash dividends and paid zero dividends for 3 years.
As of the end of 2023, the amount of undistributed profit reported by the parent company of Dexin Technology reached 541 million yuan. The company's debt-to-asset ratio at the end of 2023 was 26.66%, declining for three consecutive years.
The first quarter of 2024 is expected to be a loss
Dexin Technology is committed to the research and development, design, manufacturing, sales and service of lithium battery cutting molds and precision structural parts, as well as road passenger transportation and passenger bus station business, and its core business is to provide intelligent manufacturing overall solutions for lithium battery cutting and high-precision slit coating dies, coating equipment and coating accessories. Other businesses include the leasing of premises and warehouses, vehicle maintenance, sales of vehicle accessories and road freight business.
In 2023, Dexin Technology will achieve revenue of 562 million yuan, a year-on-year decrease of 3.45%, and a net profit attributable to the parent company of 108 million yuan, a year-on-year decrease of 34%.
According to the performance forecast for the first quarter of 2024 recently disclosed by Dexin Technology, the company expects to achieve a net profit attributable to the owners of the parent company in the first quarter of 2024 of -16 million yuan to -11 million yuan, a decrease of 117.6535 million yuan to 112.6535 million yuan compared with the same period last year, a year-on-year decrease of 115.74% to 110.82%.
"During the reporting period, the company is currently in an industry that is at the bottom of the cycle. Affected by the industry cycle and the downstream price war, the company, like most enterprises in the supply chain, is in a predicament of declining performance quarter by quarter, the inventory level of downstream battery factories remains high, the operating rate continues to be sluggish, and the company's shipments have decreased with the fluctuation of the downstream market compared with the previous year. Combined with the impact of multiple factors such as overcapacity and intensified competition in the industry, the company's business scale, order price and order volume have declined to a certain extent, which has squeezed profit margins to a certain extent and led to a decline in the company's profitability. ”
(Article Serial Number: 1780801368685154304)
Disclaimer: This article does not constitute any investment advice to anyone. Intellectual Property Rights Statement: The intellectual property rights of Bread Finance works are owned by Shanghai Miaotan Network Technology Co., Ltd.