This morning, the National Bureau of Statistics announced that industrial power generation above designated size reached 690.1 billion kWh in April this year, an increase of 3.1% year-on-year. Since the development of enterprises is inseparable from electricity, the growth of electricity consumption shows that the mainland economy is in a period of development.
However, the index, which is a barometer of the economy, did not buy it today, and the index went out of the trend of rising first and then declining in the morning, falling by -0.01%. And this morning, among the 5,365 listed companies in the market, 2,752 fell, accounting for more than 51%.
Although today's market is not strong, there is one sector that stands out in particular, and it is the aviation sector. As of 11:30 a.m., the average increase in the aviation sector reached 2.89%, ranking second in the list of industry sector gainers.
Only one of the 51 listed companies in the aviation sector fell, indicating that this sector has risen against the trend today.
The following translator will screen the aviation sector through the three dimensions of K-line pattern, volume and financial report, and find high-quality companies to share with you.
After a detailed analysis, the translator found a relatively good company, which is Beimo Hi-Tech. The company's main business is dual-use aerospace vehicle landing gear landing systems, and tank armored vehicle brake products. At present, the company's military products account for 77% of its revenue, while civilian products account for only 23%.
Technicals:
At present, the company's K-line pattern is relatively low, and it is completing a double dip. But there is a flaw, that is, the company's recent transaction volume has not been amplified, which indicates that the company has not gained attention.
Fundamentals:
After analyzing the company's financial report, the translator found that at present, the company's historical net profit has declined for two consecutive years. And in 2023, it will only complete a net profit of 217 million yuan, a decrease of 31% from 2022.
In 2024, the company will only complete a net profit of 73.41 million yuan in one quarter, a year-on-year decrease of 46%.
In addition to the decline in net profit, the translator also found that the company's cash flow capacity also showed signs of weakening during the reporting period.
In the first quarter of 2024, the company's net profit was 73.41 million yuan. However, during the same period, the company not only did not make money from selling products, but also paid 61.34 million yuan, a year-on-year decrease of 883%.
The addition of these two data shows that the company's production and operation during the reporting period are not very healthy, and the company's financial report is somewhat poor.
Seeing this, some people will ask: why is this company being analyzed today when these two data are performing so poorly? The reason is that the analysis of financial reports looks at the future rather than the past, and the above two data are about the past performance of this company.
Through the analysis of the translator, it was found that the management of this enterprise expanded production in the first quarter of this year, increasing the amount of inventory.
In the first quarter of 2023, the company's inventory was only 593 million yuan. By the first quarter of 2024, that figure will reach 784 million yuan. This is not only a 32% year-on-year increase, but also an all-time high.
As mentioned above, more than 70% of the company's revenue comes from military products, which are usually produced on a sales basis. In other words, once there is an increase in these inventories, almost all of them can be sold.
In the same period, the company's gross profit margin was as high as 62.6%, so through the conversion of the translator, it was found that if these inventories could be sold, the company would obtain a net profit of 480 million yuan. Therefore, the company's net profit this year has the possibility of hitting a record high, which is also its future growth.
Through the above analysis, we understand that although the recent market performance is not very ideal, the aviation sector is different. And the company that the translator analyzes today is a leader in the aviation sector, and it may perform in the future, so we can pay attention to it appropriately.
The above is the personal humble opinion of the financial report translator, not an objective fact, and I hope you can refer to it carefully and pay attention to safety.
Please note: companies with good earnings reports do not necessarily rise. But those companies that can continue to rise sharply must have excellent financial reports.
This article is a pure financial report analysis article, and it is not intended to be recommended, and I hope you can refer to it carefully.