Comparative analysis of financial comprehensive index ability

1. Comparison of operating income and growth rate

In terms of revenue, Shuanghuan and Qinchuan machine tools have the largest volume, and the four business cycles of double-ring transmission have increased year-on-year from the revenue growth rate, and the H1 performance of Zhongda in 23 years has reversed to positive growth;

2. Comparison of net profit and growth rate

From the absolute value of net profit, the profit of double-ring transmission and Guomao shares is higher, Guomao’s robot reducer and mechatronics layout are also doing well, from the revenue growth rate, the growth rate of double-ring transmission and giant wheel intelligence is higher, and the absolute value of net profit of single giant wheel intelligence is too small, the reference is of little significance.

3. Comparison of gross margin and net margin

The gross margin of green harmonic and Haozhi electromechanical overall gross margin is higher, Haozhi electromechanical main electric spindle and related turntable, harmonic reducer and other mechanical and electrical products, green harmonic electromechanical integration business is also expanding to the electric spindle turntable.

4. Comparison of operating cash flow

In terms of operating cash flow, double-ring transmission is a unique show, relative to net profit, Guomao shares and Haozhi electromechanical operating cash flow net good.

5. Comparison of the three operating expense rates of the company (management expense rate, sales expense rate and financial expense rate)

From the three cost rate indicators, the green harmonic is the best, Fengli Intelligence and Guomao shares ranked second and third, the overall look in addition to Haozhi electromechanical, other can do 10% and below, for manufacturing enterprises is still good.

General junction

Through the analysis of the situation and production capacity of each company in the second part and the main financial indicators of each listed company in the third part, we can select excellent companies from the following three aspects: Looking at the company’s core competitiveness and operational capabilities, and looking at the company’s future development potential, this is actually from the past, present and future three dimensions to screen the good company in your mind.

1. From the historical performance of the company:

The simplest is to look at the company’s revenue, profit and continuous growth, through the above table, we can obviously see that the performance of double-ring transmission, whether the growth rate of revenue and net profit has been positive growth since 21 years, and the growth rate of net profit is greater than the growth rate of revenue, the company’s fundamentals continue to improve. Another I am more optimistic about China Dali, first, the change trend of revenue and net profit is basically the same, and the H1 in 23 years has gradually improved, and the revenue and net profit have returned to positive growth.

2. The core competitiveness of the company:

Robot reducer is a sophisticated technology. We can compare the company’s competitiveness in this business by combining the proportion of precision reducer business in each company and the corresponding gross profit rate. The stronger the competitiveness, the higher the corresponding gross profit rate. 85% of its main business is harmonic reducer, ranking second is double-ring transmission and its 2023 H1de gross margin reached 38%.

1. From the historical performance of the company:

The simplest is to look at the company’s revenue, profit and continuous growth, through the above table, we can obviously see that the performance of double-ring transmission, whether the growth rate of revenue and net profit has been positive growth since 21 years, and the growth rate of net profit is greater than the growth rate of revenue, the company’s fundamentals continue to improve. Another I am more optimistic about China Dali, first, the change trend of revenue and net profit is basically the same, and the H1 in 23 years has gradually improved, and the revenue and net profit have returned to positive growth.

2. The core competitiveness of the company:

Robot reducer is a sophisticated technology. We can compare the company’s competitiveness in this business by combining the proportion of precision reducer business in each company and the corresponding gross profit rate. The stronger the competitiveness, the higher the corresponding gross profit rate. 85% of its main business is harmonic reducer, ranking second is double-ring transmission and its 2023 H1de gross margin reached 38%.

In short, through the comprehensive analysis of the three aspects, I also see the harmonics of the double-ring drive of the RV head and the harmonics of the harmonics green of the head of the harmonic reducer, of course, from the perspective of valuation PE and theme operation, the market value of China Great Power De 5.5 billion and the dynamic PE of Guomao shares 28 are also good operating subjects.