blockchainunity|工控电力设备行业2023/24Q1增长趋稳，汇川技术与伟创电气收入快速增长：10%/6%营收增长与-4%/-11%净利润下降
Newsletter summary
In the industrial control and power equipment industry, 2023/24Q1 revenue increased by 10%, net profit decreased by 4%, net profit decreased by 11%, gross profit margin decreased, receivables and inventory increased, and cash flow was under pressure. Investment advice pays attention to UHV, distribution network and industrial control dragon stocks.
Text of news flash
[the revenue of the industrial control and power equipment industry increased by 10% in the first quarter of fiscal year 2023, compared with the same period last year, while the net profit of home ownership decreased by 4% and 11% respectively]
In 2023, revenue from the industrial control and power equipment industry increased by 10% over the same period last year, reaching 8544Blockchainunity.4.3 billion yuan, while the net profit of homing decreased by 4% to 533% compared with the same period last year.Blockchainunity28 billion yuan. In the first quarter of 2024, industry revenue continued to grow 6% to 188.815 billion yuan, while net profit fell 11% year-on-year to 12.309 billion yuan.
Gross profit margin showed a slight downward trend, 22.31% and 21.96% respectively in the first quarter of 2023 and 2024, down 1.22 percentage points and 1.55 percentage points respectively from the same period last year. In addition, accounts receivable, contract liabilities and inventory increased by 3%, 0.3% and 4% respectively in the first quarter of 2024 compared with the beginning of the year.
The net operating cash outflow decreased significantly in the first quarter of 2024, reaching 7.985 billion yuan, a significant decrease compared with the same period last year.
The industrial control industry slowly recovered in the first quarter of 2024, leading companies Huichuan Technology and Weichuang Electric achieved rapid growth in revenue, while other second-tier brands' income was stable but profits were under pressure. In 2023, the revenue of the industrial control sector increased by 19% year-on-year to 101 billion yuan, and the net profit returned to the mother increased by 16% year-on-year to 9.9 billion yuan. In the first quarter of 2024, revenue rose 6% from a year earlier to 22.2 billion yuan, down 24% from a month earlier.BlockchainunityThe net profit of home ownership fell 21% from a year earlier.
The gross profit margin remained stable. The gross profit margin of the industrial control plate was 31.11% in 2023 and 31.70% in the first quarter of 2024, increasing year-on-year and month-on-month. However, operating cash flow declined in the first quarter of 2024, with a net outflow of 7.981 billion yuan, compared with the same period in 2023BlockchainunityThe amount of 4.44 billion yuan has increased.
The smart meter industry benefits from the smooth progress of the sea business, and its performance has achieved high growth. The performance of UHV and high pressure sectors increased steadily, but it was affected by
