According to the public data of Securities Star, Anker Innovations (300866) recently released its 2023 annual report. According to the financial report, Anker Innovation's revenue and net profit increased year-on-year during the reporting period, and profitability increased. As of the end of the reporting period, the company's total operating income was 17.507 billion yuan, an increase of 22.85% year-on-year, and the net profit attributable to the parent company was 1.615 billion yuan, an increase of 41.22% year-on-year. According to the single-quarter data, the total operating income in the fourth quarter was 5.721 billion yuan, an increase of 21.36% year-on-year, and the net profit attributable to the parent company in the fourth quarter was 402 million yuan, an increase of 28.31% year-on-year.
The figure was lower than most analysts' expectations, who had previously expected a net profit of around 1.638 billion yuan in 2023.
Here's the detailed forecast information:
The performance of the data indicators announced in this financial report is still good. Among them, the gross profit margin was 43.54%, an increase of 12.4% year-on-year, the net profit margin was 9.68%, an increase of 16.32% year-on-year, the total sales expenses, management expenses and financial expenses were 4.556 billion yuan, the three fees accounted for 26.03% of revenue, an increase of 6.87% year-on-year, net assets per share were 19.68 yuan, an increase of 16.9% year-on-year, operating cash flow per share was 3.52 yuan, an increase of 0.42% year-on-year, and earnings per share were 3.97 yuan, an increase of 41.22% year-on-year. The specific financial indicators are shown in the following table:
The financial report analysis tool of Securities Star Price Investment Circle shows:
In terms of asset quality, the company's accounts receivable volume is large. It is recommended to check two information of the accounting project in the annual report or semi-annual report, one is the provision, for the amount that cannot be recovered with a high probability, the company will generally make bad debt provisions, and you can check the amount of the provision and the estimated scale of the provision. The other is the aging of accounts receivable, that is, how long the account has been owed, generally most of them are less than one year, if the accounts receivable for more than one year accounts for a relatively high proportion need to be paid attention to. Inventory is higher than profit, be careful of inventory accrual impact on profit. The accounting treatment of inventory is an accounting item that will have a great impact on the company's current profit, and there is usually inventory in the company's annual report according to different types of determination methods, and it is necessary to search for inventory in the annual report to view specific data.
In terms of liabilities, pay attention to the composition of the company's accounts payable during the reporting period.
In terms of revenue analysis, the company's latest annual statement has positive cash flow, and there is a slight mismatch between operating cash flow and profit, which is not a big problem.
In terms of operating expenses, the company's R&D expenses are larger than profits, and may be more dependent on R&D, focusing on the company's product and service R&D cycle. There are many costs spent on R&D in the company's operation.
Judging from the company's financial statements in the past year, in terms of profitability, although the operating efficiency is high, the profit margin is average, and the investment in marketing competition is large.
Further analysis of the company's historical financial statements over the past ten years shows that the profitability is excellent in the long run. The business volume and profit have grown rapidly in the past five years. Its latest earnings forecast suggests a slowdown in profit growth.
The financial report check-up tool shows:
Analyst tools show that securities researchers generally expect 2024 results of 1.92 billion yuan, with an average earnings per share of 4.78 yuan.
The company is held by a star fund manager, and the most concerned fund manager who holds the company is Wang Keyu of Hongde Fund, ranking in the top 50 in the top investment list of Zhengxing public fund managers in 2023, with a total fund size of 14.646 billion yuan, and has been in the industry for 13 years and 139 days.
The top 10 funds with heavy positions in Anker Innovations are shown in the table below:
The fund that holds the most Anker Innovations is Hongde Fengrun Three-year Holding Period Hybrid, with a current scale of 2.145 billion yuan and the latest net value of 0.7185 (April 25), down 0.32% from the previous trading day and down 26.07% in the past year. The current fund managers of the fund are Wang Keyu and Li Yingzhen.
The above content is compiled by Securities Star based on public information, generated by an algorithm (Network Information Calculation No. 310104345710301240019), and has nothing to do with the position of this site, if there is a problem with the data, please contact us. This article is a compilation of data and does not constitute any investment advice for you, investment is risky, please make a cautious decision.