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Year on year Ming Yang Smart Energy Group Ltd 's revenues fell -9.39% from 30.75bn to 27.86bn. This along with an increase in the cost of goods sold expense has contributed to a reduction in net income from 3.45bn to 372.45m, a -89.22% decrease.
| Gross margin | 11.13% |
|---|---|
| Net profit margin | 1.39% |
| Operating margin | 1.46% |
| Return on assets | 0.50% |
|---|---|
| Return on equity | 1.38% |
| Return on investment | 0.88% |
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Cash flow in CNYView more
In 2023, Ming Yang Smart Energy Group Ltd increased its cash reserves by 14.06%, or 1.48bn. Cash Flow from Financing totalled 10.13bn or 36.35% of revenues. In addition the company used 2.59bn for operations while cash used for investing totalled 6.13bn.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 11.83 |
|---|---|
| Tangible book value per share | 10.64 |
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Balance sheet in CNYView more
| Current ratio | 1.24 |
|---|---|
| Quick ratio | 0.9407 |
| Total debt/total equity | 1.06 |
|---|---|
| Total debt/total capital | 0.5045 |
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Growth rates in CNY
Year on year, growth in dividends per share remained flat while earnings per share excluding extraordinary items fell by -89.87%. Additionally when measured on a five year annualized basis, dividend per share growth is above the industry average relative to its peers, while earnings per share growth is below the industry average.
| Div yield(5 year avg) | 1.13% |
|---|---|
| Div growth rate (5 year) | 39.29% |
| Payout ratio (TTM) | 173.21% |
| EPS growth(5 years) | -16.14 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -68.72 |
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