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Year on year Innovation New Material Technology Co Ltd had net income fall -12.04% from 1.09bn to 957.87m despite a 5.08% increase in revenues from 69.32bn to 72.84bn. An increase in the cost of goods sold as a percentage of sales from 96.57% to 96.78% was a component in the falling net income despite rising revenues.
| Gross margin | 3.32% |
|---|---|
| Net profit margin | 1.34% |
| Operating margin | 1.78% |
| Return on assets | 5.00% |
|---|---|
| Return on equity | 11.07% |
| Return on investment | 9.03% |
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Cash flow in CNYView more
In 2023, Innovation New Material Technology Co Ltd increased its cash reserves by 86.71%, or 1.52bn. Cash Flow from Financing totalled 3.26bn or 4.47% of revenues. In addition the company generated 582.37m in cash from operations while cash used for investing totalled 2.31bn.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 2.39 |
|---|---|
| Tangible book value per share | 2.15 |
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Balance sheet in CNYView more
| Current ratio | 1.32 |
|---|---|
| Quick ratio | 0.8347 |
| Total debt/total equity | 0.9804 |
|---|---|
| Total debt/total capital | 0.4916 |
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Growth rates in CNY
Year on year, growth in earnings per share excluding extraordinary items dropped -27.25%. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 1.05% |
|---|---|
| Div growth rate (5 year) | 0.00% |
| Payout ratio (TTM) | 27.96% |
| EPS growth(5 years) | 13.20 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -74.92 |
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