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【BT财报瞬析】乐鑫科技2024中报:业绩表现亮眼,多项财务指标显著提升

[BT Financial Analysis] Espressif Systems 2024 Interim Report: impressive performance, significant improvement in multiple financial indicators.

businesstimes cn ·  Jul 30 03:24

This financial report was announced on July 30, 2024 at 11:06:32.

Espressif Systems (stock code: 688018) is a company that focuses on the research and development, design, and sales of integrated circuit products, mainly engaged in the research and development and sales of AIoT SoC. With the rapid development of emerging application areas such as the Internet of Things and artificial intelligence, Espressif Systems has taken an important place in the industry with its leading technology and products.

From the asset-liability data, the total asset balance of Espressif Systems at the end of the period was 2.322 billion yuan, an increase of 5.36% from the beginning of the period, showing steady growth of the company's assets. At the same time, the total liabilities at the end of the period also increased compared to the beginning, but the asset-liability ratio remained at a low level, only 15.47%, indicating that the company's financial risk is relatively low. In addition, the significant increase in goodwill also reflects the company's recent effective merger and acquisition activities, further enhancing the overall strength of the company.

In terms of profit, Espressif Systems' operating income for the period reached 0.92 billion yuan, a year-on-year increase of 37.96%, showing the rapid expansion of the company's business scale and the improvement of market competitiveness. Net income also achieved significant growth, reaching 0.153 billion yuan, a year-on-year increase rate of as high as 134.85%. This achievement is mainly due to the company's continuous expansion of product matrix, especially the rapid growth of high cost-performance and high-performance product lines, meeting more extensive customer needs. At the same time, the company effectively controlled the growth rate of expenses, making the growth of net income more significant.

From the cash flow data, although the net cash flow from operating activities for this period is negative, this is mainly due to the company's increased stocking, resulting in an increase in cash for purchasing goods and receiving labor services. The net cash flows from investment activities and financing activities are positive and negative, respectively, reflecting the company's flexibility and strategic operation of funds.

Overall, Espressif Systems' mid-2024 financial report shows the strong growth of the company's performance and good financial condition. In the future, with the continuous development of industries such as the Internet of Things and the company's continual innovation and application expansion, Espressif Systems is expected to continue to maintain a stable development trend and achieve greater market breakthroughs.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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