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Year on year Qijing Machinery Co Ltd had revenues remain flat at 1.80bn, though the company grew net income 8.03% from 64.01m to 69.15m. A reduction in the cost of goods sold as a percentage of sales from 87.31% to 85.65% was a component in the net income growth despite flat revenues.
| Gross margin | 12.02% |
|---|---|
| Net profit margin | 2.96% |
| Operating margin | 3.07% |
| Return on assets | 2.59% |
|---|---|
| Return on equity | 4.97% |
| Return on investment | 4.05% |
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Cash flow in CNYView more
In 2023, Qijing Machinery Co Ltd increased its cash reserves by 31.98%, or 50.88m. The company earned 204.22m from its operations for a Cash Flow Margin of 11.52%. In addition the company used 143.44m on investing activities and also paid 11.74m in financing cash flows.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 6.12 |
|---|---|
| Tangible book value per share | 5.63 |
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Balance sheet in CNYView more
| Current ratio | 1.58 |
|---|---|
| Quick ratio | 1.17 |
| Total debt/total equity | 0.6343 |
|---|---|
| Total debt/total capital | 0.3881 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 33.33% and 8.01%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Appliance & Tool industry pay a dividend. 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) | 1.98% |
|---|---|
| Div growth rate (5 year) | 0.00% |
| Payout ratio (TTM) | 66.47% |
| EPS growth(5 years) | -2.57 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -17.25 |
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