On March 30, 2024, Baotai Co., Ltd.(600456.SH) released its 2023 full-year performance report.
The company achieved operating income of 6.927 billion yuan, a year-on-year increase of 4.41%, net profit attributable to the parent company was 544 million yuan, a year-on-year decrease of 2.29%, and net cash flow from operating activities was 151 million yuan, which turned positive year-on-year. The asset-liability ratio was 42.81%, a year-on-year decrease of 2.89 percentage points.
The company's gross sales margin was 21.18%, a year-on-year decrease of 0.46 percentage points. Basic earnings per share were 1.14 yuan, a year-on-year decrease of 2.32%. The return on diluted net assets was 8.33%, a year-on-year decrease of 0.67 percentage points.
The company's inventory turnover rate was 1.50 times, a year-on-year decrease of 0.08 times, and the total asset turnover rate was 0.56 times, a year-on-year increase of 0.01 times.
The company's advance receipts were approximately 30,000 yuan, sales expenses were approximately 62.98 million yuan, management expenses were approximately 243 million yuan, and financial expenses were approximately 36.25 million yuan.
The company's main businesses are titanium products, other products, and other businesses, accounting for 93.47%, 4.44%, and 2.09%, and achieved revenue of 6.301 billion yuan, 438 million yuan, and 188 million yuan respectively, with gross profit margins of 21.76%, 14.85%, and 16.37%, respectively.
