The market seems to be changing recently, but in fact there are still traces to follow. The current hot spots are still concentrated in the direction of new energy, but they are currently radiating to different tracks. From the previous new energy lithium batteries and photovoltaics, it radiates to hydrogen energy, fuel cell . The company I am looking at today is the largest supplier of new energy power generation equipment in my country and even the world. is the only company in the world that has hydropower, thermal power, nuclear power, gas, wind power, and tyreneng, and development capabilities. can be said to be the real new generation in the world.
Next, let’s take a look at the company’s competitive advantages and business highlights.
is one of the world's largest power generation equipment research, development and manufacturing bases and one of the largest power plant engineering contracting enterprises. Its power generation equipment output has ranked among the world's top for many years. Its power generation equipment and its service business covers nearly 80 countries and regions around the world, and has strong competitiveness and influence in the field of power generation equipment.
Company started fuel cell research and development in 2010. After long-term and solid technical accumulation, in 2017, the first-generation hydrogen fuel cell engine independently developed by the company was officially installed, and 10 buses were small-batch demonstrations in 2018, and the second-generation engine was mass-applied in 2019. The 100 hydrogen fuel cell buses demonstrated in advance have a cumulative operating mileage of more than 7 million kilometers, a cumulative number of passengers carried by more than 9 million, a reduction in carbon emissions by more than 2,000 tons, and a minimum hydrogen consumption of less than 4 kilograms. All indicators are at the advanced level in the country.
At the same time, the company is also planning energy storage business in advance. The Central Research Institute of
, a subsidiary of the company, has conducted years of research on energy storage technology and has built a chemical energy storage base in Gansu Jiuquan to explore the model of the coordinated development of new energy as the main body of the power structure and energy storage.
It can be seen that the company can indeed be regarded as strong. Moreover, the hydrogen energy and energy storage have also been laid out in advance, and the technological reserve advantages are obvious. It is worth our further analysis of the company and see how its financial operations are.
first see how its growth is in recent years.
can see that the company's operating income in the past five years has been steadily increasing.
However, the overall growth rate is not large.
. In terms of profit ,
company suffered a large loss in 2016 due to the increase in industry and company welfare expenditures. But in the following years, profits rebounded year by year. It's equivalent to going into battle with lightweight equipment.
In the latest quarter, the company's revenue increased by more than 30%, and its profit increased by more than 50% year-on-year.
Overall, the company's growth in the past five years is average, more similar to the recovery after a trough.
Let’s look at the company’s profitability situation.
From the perspective of profitability, it has suffered from the losses in 2016. The profitability in the past five years can only be said to be average.
So how is the company’s financial situation in recent years? Are it healthy?
The company's debt-to-asset ratio has dropped overall in the past five years. As of last year, the debt-to-asset ratio has dropped from more than 70 to more than 60, and its overall health is.
From the perspective of liquidity, the company's current assets in the last quarter can cover 130% of current liabilities; excluding inventory, the company can still cover more than 100% of current liabilities.
So, in terms of liquidity, there is still a lot of money.
, the company is Oriental Electric listed on A-share . Overall, the company's growth and profitability are medium, and the focus is on whether it can recover after the trough and create glory again. The company's current financial situation is healthy and liquidity is abundant.
In addition, which company in the hydrogen energy fuel cell sector is optimistic about?
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