A股多轴设备人小龙头,制品出口全世界 60 多个国家,股票竟大幅回撤79%
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">这是一家我国高端液压系统和<span style="color: black;">设备</span>人<span style="color: black;">行业</span>中的龙头企业，<span style="color: black;">机构</span><span style="color: black;">开发</span>的多轴<span style="color: black;">设备</span>人<span style="color: black;">重点</span>应用在焊接、喷涂和运输等<span style="color: black;">行业</span>。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">日前</span>，该企业还是行业内为数不多实现出口<span style="color: black;">营销</span>的<span style="color: black;">机构</span>，<span style="color: black;">制品</span>出口到<span style="color: black;">全世界</span>60多个国家和地区，品牌<span style="color: black;">优良</span><span style="color: black;">持续</span>扩大。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_jpg/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18ht2efwvC0j5W3lskACkW5s4heroyicm213iaJ8jZlpI8PfhYrvINibAK2A/640?wx_fmt=jpeg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">从2012年<span style="color: black;">起始</span>，这家企业每年为员工以及高管支付的薪酬<span style="color: black;">已然</span>连续11年实现了增长，并在2022年以3.13亿元的薪酬创出了历史新高。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18htnDwsMMmc7FTAzVWKicLaMQGxtc7tMaZ3icbbzU3DUibuic0bASrBXmHNA/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">支付给职工薪酬的连续增长，说明该<span style="color: black;">机构</span><span style="color: black;">日前</span>正处在高速发展期，每年都在招兵买马向外扩张。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">日前</span>，这家企业的股票在大幅回撤了79%以后，于近期<span style="color: black;">显现</span>了放量上涨的迹象。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hI5wwMCq4aticrdmLwEHeo1Xk1IgQrUdYiaG94bYQt2ibNgx95FOnsZzPw/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;"><span style="color: black;">大众</span>好我是财报翻译官，今天将调研A股<span style="color: black;">设备</span>人概念板块中，艾迪<span style="color: black;">精细</span>(股票代码:603638)这家上市<span style="color: black;">机构</span>2023年<span style="color: black;">第1</span>季度财报，下面进入今天的主题。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hCsZryhS3razyp8YePRibEibTQfbIZZXLhL9WrgDIEZFBibPKRGcIN8EPg/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hmz96wiaxpUricWSdY4hqvrHj5bG8Y2JMoZPpSibmyYck1QsOqNt9yrQWg/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;">主营业务及核心竞争力</strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;"><span style="color: black;">今晚</span></strong><strong style="color: blue;"><span style="color: black;">8:00，财报翻译官将在直播间现场分析</span></strong><strong style="color: blue;"><span style="color: black;"><strong style="color: blue;">艾迪<span style="color: black;">精细</span></strong></span></strong><strong style="color: blue;"><span style="color: black;"><span style="color: black;">机构</span>的财报，想看直播的伙伴<span style="color: black;">能够</span>点击下方的链接。</span></strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">在该企业的财报中翻译官<span style="color: black;">认识</span>到，艾迪<span style="color: black;">精细</span>的主营业务为液压技术的<span style="color: black;">科研</span>、生产与<span style="color: black;">营销</span>。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">该企业液压件的收入占比为53.07%，液压破碎锤的收入占比为44.98%，其他业务的收入占比为1.94%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hEu47tic1EYwiaibPrCHns3xpicxSrAfzPVgFibaGmb9IZshPXibqnlaZnCFQ/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">在这家<span style="color: black;">机构</span>的财报中翻译官还<span style="color: black;">发掘</span>，<span style="color: black;">按照</span>国际<span style="color: black;">设备</span>人联合会数据，亚洲<span style="color: black;">日前</span>依然是<span style="color: black;">全世界</span>最大的工业<span style="color: black;">设备</span>人<span style="color: black;">营销</span>市场，2020年的<span style="color: black;">营销</span>量为26.6万台，同比增长了6.8%，占<span style="color: black;">全世界</span>总销量的60.5%，比重较上年<span style="color: black;">加强</span>了4.1个百分点。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">这些数据均来自该企业的财报，<span style="color: black;">亦</span>说明这家<span style="color: black;">机构</span>所从事的业务正处在行业风口中。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">上面看过了该企业的基本信息，下面<span style="color: black;">咱们</span>再来分析一下这家<span style="color: black;">机构</span>的利润表，并判断出该企业在今年<span style="color: black;">第1</span>季度的经营<span style="color: black;">状况</span>。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;">利润表</strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCc0w5NTcwscChtZcBPUU5ZBcTX2r0nzUguT0UibrqUTesJkbMceyqPibCZH6yNgnVVW7GHAR1IR5oTQ/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">以下内容和财务数据均源自该<span style="color: black;">机构</span>2023年<span style="color: black;">第1</span>季度报，并<span style="color: black;">无</span>任何个人观点。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">在利润表中<span style="color: black;">咱们</span>先来分析一下，这家<span style="color: black;">机构</span>在今年<span style="color: black;">第1</span>季度的净利润表现。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2022年<span style="color: black;">第1</span>季度，该企业的净利润为7,233万元。到了2023年<span style="color: black;">第1</span>季度，这家<span style="color: black;">机构</span>的净利润就达到了7,759万元，同比增长了7%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hHXFM0BpnAgGP8dPuyHuv1haicGsf7uwLCMxgx4vVbzOllgibibeu8HW9w/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">而该企业<span style="color: black;">日前</span>的净利润，在A股<span style="color: black;">设备</span>人概念板块393家上市<span style="color: black;">机构</span>中排名第71位。这个名次很靠前，说明其规模相对<span style="color: black;">来讲</span>很大。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hTsgaBxmianoYhfRd4Fovia4pZ2u61dxWicVxnXoNMrafqFF1oeIBAH8Jg/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">虽然该企业的净利润在今年<span style="color: black;">第1</span>季度是上涨的，<span style="color: black;">然则</span>翻译官<span style="color: black;">发掘</span>，这家<span style="color: black;">机构</span>液压<span style="color: black;">制品</span>的<span style="color: black;">营销</span>速度却<span style="color: black;">显现</span>了放缓。液压<span style="color: black;">制品</span>的<span style="color: black;">营销</span>速度，要<span style="color: black;">运用</span>这家企业的存货周转天数这个指标来衡量。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2022年<span style="color: black;">第1</span>季度，该<span style="color: black;">机构</span><span style="color: black;">营销</span>一批已生产的液压<span style="color: black;">制品</span>存货，只需要174天的时间。而<span style="color: black;">此刻</span>却需要175天，<span style="color: black;">营销</span>速度放缓了1%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hBfPdc8cQpZMKsxibPibIeESmGlhGbwzdP5bksULIibJ2Iib2pErZ1HWOBg/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">存货周转天数这个指标的下降，说明该企业的<span style="color: black;">制品</span><span style="color: black;">日前</span>并不是很畅销，<span style="color: black;">这般</span>势必会降低<span style="color: black;">机构</span>的营业收入，减少其净利润。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">虽然<span style="color: black;">制品</span><span style="color: black;">营销</span>速度的放缓会阻碍该企业净利润的增长，<span style="color: black;">然则</span>在今年<span style="color: black;">第1</span>季度，<span style="color: black;">因为</span>这家<span style="color: black;">机构</span>利润空间的扩大，却<span style="color: black;">加强</span>了该企业的净利润。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2022年<span style="color: black;">第1</span>季度，该企业<span style="color: black;">营销</span>100元的液压<span style="color: black;">制品</span>只能赚回28.16元的毛利润，<span style="color: black;">营销</span>毛利率为28.16%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">而到了2023年<span style="color: black;">第1</span>季度，这家<span style="color: black;">机构</span><span style="color: black;">一样</span><span style="color: black;">营销</span>100元的液压<span style="color: black;">制品</span>却能赚回29.78元的毛利润，<span style="color: black;">营销</span>毛利率达到了29.78%，同比增长了6%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hHMQ0t1eHeW9IaSfRuAdia57Oz7PAJ3hdPhwkGEYQZsNsPTOHLt83Cow/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">上面看过了这家企业的利润表，下面<span style="color: black;">咱们</span>再来分析一下该<span style="color: black;">机构</span>的现金流量表，并判断出该企业在今年<span style="color: black;">第1</span>季度的资金收支<span style="color: black;">状况</span>。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;">现金流量表</strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">经过</span>分析翻译官<span style="color: black;">发掘</span>，在2023年<span style="color: black;">第1</span>季度，这家<span style="color: black;">机构</span>因经营活动而<span style="color: black;">实质</span>收到的现金净额竟然是负数。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2023年<span style="color: black;">第1</span>季度，该企业的净利润虽然有7,759万元，<span style="color: black;">然则</span>同期这家<span style="color: black;">机构</span>因经营活动而<span style="color: black;">实质</span>收到的现金净额却为-471万元，同比增长了86%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hDib9S5bJcvNFibyF4euw7ic8ficm7VbkjnSXm2CLqy0FfpLTicrMNtsl6ww/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">由于</span>净利润<span style="color: black;">是由于</span>现金和应收账款<span style="color: black;">构成</span>的，<span style="color: black;">因此</span>现金流量净额比净利润低，<span style="color: black;">乃至</span><span style="color: black;">显现</span>负数都是一个正常的现象，<span style="color: black;">由于</span>两者之间的差额<span style="color: black;">便是</span>还<span style="color: black;">无</span>收到的货款。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">而在今年<span style="color: black;">第1</span>季度，该企业因经营活动而收到的现金净额同比增长了近一倍，这说明和去年同期相比，这家<span style="color: black;">机构</span>的现金流能力<span style="color: black;">显现</span>了<span style="color: black;">提高</span>，其账户里的钱<span style="color: black;">亦</span>变多了，这点是需要<span style="color: black;">咱们</span><span style="color: black;">认识</span>的。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">虽然这家<span style="color: black;">机构</span>在今年<span style="color: black;">第1</span>季度，因经营活动并<span style="color: black;">无</span>收到现金净额，但其因投资活动却收上来1亿多。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2023年<span style="color: black;">第1</span>季度，该企业收回投资的现金为4.6亿元，而<span style="color: black;">由于</span>构建固定资产支出的现金为2,987万元，以及投资支付的现金<span style="color: black;">亦</span>有2.75亿元。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hShBJAzZQJnbibapHiajN5BhOBkHAtOxrDHsbYXdyj7UVInVt1I7xeS5Q/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;"><span style="color: black;">因此</span>这家<span style="color: black;">机构</span>在报告期内，投资活动所产生的现金净额为1.59亿元，同比大幅增长了442%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hIEYWBOKRmUt2lgzUbD0YcEN1YmwgiaPsO0EqTo4Okh6f4Mcw8ibH6SRg/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">值得<span style="color: black;">重视</span>的是，该企业收回投资收到的现金很可能是理财<span style="color: black;">或</span>是结构性存款，<span style="color: black;">因此</span><span style="color: black;">这儿</span>面既<span style="color: black;">包含</span>本金<span style="color: black;">亦</span><span style="color: black;">包含</span>利息。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">而构建固定资产支出的现金，很可能<span style="color: black;">便是</span>在扩建厂房<span style="color: black;">或</span>购买新的生产设备。所以在2023年<span style="color: black;">第1</span>季度，这家<span style="color: black;">机构</span>的账户里<span style="color: black;">最少</span>有一个多亿的现金。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">看过了该企业的现金流<span style="color: black;">状况</span>，下面<span style="color: black;">咱们</span>再来分析一下这家<span style="color: black;">机构</span>的资产负债表，并判断出该企业的管理层在今年<span style="color: black;">第1</span>季度都做了<span style="color: black;">那些</span>事情，以及这些事情对<span style="color: black;">将来</span>的净利润增长都有<span style="color: black;">那些</span>好处。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;">资产负债表</strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">在资产负债表中翻译官<span style="color: black;">发掘</span>，在今年<span style="color: black;">第1</span>季度，这家企业的短期负债为3.3亿元，同比增长了53%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18hvXtZHDYjp3doJRmy9OXvwUEbzNzlvyM4stYnaEgU2zGMF4zQuOqAFQ/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">而<span style="color: black;">由于</span>负债的<span style="color: black;">增多</span>以及现金流的<span style="color: black;">加强</span>，使得这家企业的货币资金以及交易性金融资产都<span style="color: black;">显现</span>了大幅度的增长。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2023年<span style="color: black;">第1</span>季度，这家<span style="color: black;">机构</span>的货币资金为6.56亿元，同比增长了471%。交易性金融资产为3.19亿元，同比大幅增长了1455%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18huM1xVtch1A1329rxxXL3eOhu75lFIibqysIwQlXWB0eiagicpdC1f7Zlw/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">货币资金是一家企业的报表中<span style="color: black;">独一</span>的现金项目，而交易性金融资产指的是理财、债券以及股票。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">这两个项目的大幅<span style="color: black;">加强</span>说明该<span style="color: black;">机构</span>的资金<span style="color: black;">增多</span>了，并且在今年<span style="color: black;">第1</span>季度管理层并<span style="color: black;">无</span>花这些钱。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">而虽然这家企业的货币资金<span style="color: black;">显现</span>了上涨，<span style="color: black;">然则</span>在今年<span style="color: black;">第1</span>季度，该<span style="color: black;">机构</span>的存货却下降了。2023年<span style="color: black;">第1</span>季度，这家企业的存货为8.58亿元，同比下降了2%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/WwDgeJEricCcBIdLCSw2bKOiaF16Wod18h5HAsDiciawTSH3SUfbL5Y7OT93WrcFS7Z9LrFdpKKeqfAJXvuoedictxw/640?wx_fmt=png&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">存货是一家<span style="color: black;">机构</span>的产成品、半成品和原材料，它的下降说明在今年<span style="color: black;">第1</span>季度，<span style="color: black;">因为</span>该企业液压<span style="color: black;">制品</span><span style="color: black;">营销</span>速度的放缓，管理层不敢冒<span style="color: black;">危害</span>，<span style="color: black;">因此</span>降低了产能减少了存货的数量，这么做<span style="color: black;">亦</span>是有<span style="color: black;">必定</span>道理的。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">然则</span><span style="color: black;">由于</span>存货卖出去之后再加上毛利润<span style="color: black;">便是</span>一家<span style="color: black;">机构</span>的营业收入，而营业收入减成本和<span style="color: black;">花费</span><span style="color: black;">便是</span>该企业的净利润。<span style="color: black;">因此</span>存货的下降，<span style="color: black;">亦</span>说明<span style="color: black;">机构</span>在今年第二季度净利润增长的概率并不是很大。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">在现金流量表中<span style="color: black;">咱们</span>看到，这家<span style="color: black;">机构</span>在今年<span style="color: black;">第1</span>季度构建了<span style="color: black;">非常多</span>固定资产，而在资产负债表中<span style="color: black;">亦</span>有<span style="color: black;">表现</span>。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">2023年<span style="color: black;">第1</span>季度，该企业的固定资产为20.39亿元，同比大幅增长了42%。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="data:image/svg+xml,%3C%3Fxml version=1.0 encoding=UTF-8%3F%3E%3Csvg width=1px height=1px viewBox=0 0 1 1 version=1.1 xmlns=http://www.w3.org/2000/svg xmlns:xlink=http://www.w3.org/1999/xlink%3E%3Ctitle%3E%3C/title%3E%3Cg stroke=none stroke-width=1 fill=none fill-rule=evenodd fill-opacity=0%3E%3Cg transform=translate(-249.000000, -126.000000) fill=%23FFFFFF%3E%3Crect x=249 y=126 width=1 height=1%3E%3C/rect%3E%3C/g%3E%3C/g%3E%3C/svg%3E" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;">固定资产<span style="color: black;">重点</span>指的是厂房和生产设备，<span style="color: black;">因此</span>它的扩大说明这家<span style="color: black;">机构</span>的管理层在扩大产能，<span style="color: black;">然则</span>这和存货数量的下降有些矛盾。<span style="color: black;">然则</span><span style="color: black;">倘若</span><span style="color: black;">咱们</span>换一个<span style="color: black;">方向</span>去<span style="color: black;">思虑</span>的话，这很可能是管理层的一种战术。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">由于</span><span style="color: black;">因为</span>今年<span style="color: black;">第1</span>季度，这家企业液压<span style="color: black;">制品</span>的<span style="color: black;">营销</span>速度确实<span style="color: black;">显现</span>了放缓的迹象，这说明行业风口并不是很好，<span style="color: black;">因此</span>主动减产降低存货的数量<span style="color: black;">能够</span>规避经营<span style="color: black;">危害</span>。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">然则</span>管理层对今年的行业风口依然抱有<span style="color: black;">自信心</span>，<span style="color: black;">因此</span>它大幅<span style="color: black;">增多</span>了现金的数量，并且扩大了产能，为以后的发展做好了准备。</p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">如果在<span style="color: black;">将来</span>的季度里行业市场景气度能<span style="color: black;">提高</span>，该企业扩大产能并且<span style="color: black;">增多</span>存货数量是一件很<span style="color: black;">容易</span>的事儿，毕竟<span style="color: black;">机构</span>账户里的资金比较多。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;"><span style="color: black;">因此</span>翻译官个人判断，这家<span style="color: black;">机构</span>的利润增长点并不是在第二季度，或许会<span style="color: black;">出现</span>在今年<span style="color: black;">3、</span>四季度。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;"><span style="color: black;">倘若</span>把上市企业的基本面从高至低分为A、B、C、D、E五个等级的话，翻译官个人认为该<span style="color: black;">机构</span>能维持C级的水平。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="data:image/svg+xml,%3C%3Fxml version=1.0 encoding=UTF-8%3F%3E%3Csvg width=1px height=1px viewBox=0 0 1 1 version=1.1 xmlns=http://www.w3.org/2000/svg xmlns:xlink=http://www.w3.org/1999/xlink%3E%3Ctitle%3E%3C/title%3E%3Cg stroke=none stroke-width=1 fill=none fill-rule=evenodd fill-opacity=0%3E%3Cg transform=translate(-249.000000, -126.000000) fill=%23FFFFFF%3E%3Crect x=249 y=126 width=1 height=1%3E%3C/rect%3E%3C/g%3E%3C/g%3E%3C/svg%3E" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">请<span style="color: black;">重视</span>：基本面良好的<span style="color: black;">机构</span>，股票不<span style="color: black;">必定</span>会上涨。<span style="color: black;">然则</span><span style="color: black;">哪些</span>能<span style="color: black;">连续</span>大涨的股票，<span style="color: black;">机构</span>的基本面<span style="color: black;">必定</span>非常出色。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><strong style="color: blue;">而本文既<span style="color: black;">无</span><span style="color: black;">举荐</span>艾迪<span style="color: black;">精细</span>这只股票，<span style="color: black;">亦</span><span style="color: black;">无</span>说艾迪<span style="color: black;">精细</span><span style="color: black;">机构</span>有多么的好，而是精炼翻译该企业的财报。</strong></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="data:image/svg+xml,%3C%3Fxml version=1.0 encoding=UTF-8%3F%3E%3Csvg width=1px height=1px viewBox=0 0 1 1 version=1.1 xmlns=http://www.w3.org/2000/svg xmlns:xlink=http://www.w3.org/1999/xlink%3E%3Ctitle%3E%3C/title%3E%3Cg stroke=none stroke-width=1 fill=none fill-rule=evenodd fill-opacity=0%3E%3Cg transform=translate(-249.000000, -126.000000) fill=%23FFFFFF%3E%3Crect x=249 y=126 width=1 height=1%3E%3C/rect%3E%3C/g%3E%3C/g%3E%3C/svg%3E" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="data:image/svg+xml,%3C%3Fxml version=1.0 encoding=UTF-8%3F%3E%3Csvg width=1px height=1px viewBox=0 0 1 1 version=1.1 xmlns=http://www.w3.org/2000/svg xmlns:xlink=http://www.w3.org/1999/xlink%3E%3Ctitle%3E%3C/title%3E%3Cg stroke=none stroke-width=1 fill=none fill-rule=evenodd fill-opacity=0%3E%3Cg transform=translate(-249.000000, -126.000000) fill=%23FFFFFF%3E%3Crect x=249 y=126 width=1 height=1%3E%3C/rect%3E%3C/g%3E%3C/g%3E%3C/svg%3E" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="data:image/svg+xml,%3C%3Fxml version=1.0 encoding=UTF-8%3F%3E%3Csvg width=1px height=1px viewBox=0 0 1 1 version=1.1 xmlns=http://www.w3.org/2000/svg xmlns:xlink=http://www.w3.org/1999/xlink%3E%3Ctitle%3E%3C/title%3E%3Cg stroke=none stroke-width=1 fill=none fill-rule=evenodd fill-opacity=0%3E%3Cg transform=translate(-249.000000, -126.000000) fill=%23FFFFFF%3E%3Crect x=249 y=126 width=1 height=1%3E%3C/rect%3E%3C/g%3E%3C/g%3E%3C/svg%3E" style="width: 50%; margin-bottom: 20px;"></p>
期待你更多的精彩评论，一起交流学习。 我深受你的启发，你的话语是我前进的动力。 说得好啊！我在外链论坛打滚这么多年，所谓阅人无数，就算没有见过猪走路，也总明白猪肉是啥味道的。 “NB”（牛×的缩写，表示叹为观止） 楼主果然英明！不得不赞美你一下！
页:
[1]