SMTCL(000410) 搜狐财经·2025-04-25 00:17Core Viewpoint - Shenyang Machine Tool Co., Ltd. reported poor financial performance for 2024, with slight revenue growth but a significant decline in net profit, indicating ongoing challenges in profitability and cash flow management [1][4][8] Revenue and Profitability - The company's total revenue for 2024 was 1.504 billion yuan, a year-on-year increase of 0.16% from 1.501 billion yuan in 2023 [1][4] - Net profit attributable to shareholders was 7.0603 million yuan, a substantial decrease of 79.69% compared to 35 million yuan in 2023 [1][4] - The non-recurring net profit was -222.3 million yuan, showing an improvement of 10.03% from -248 million yuan in the previous year, but still indicating significant losses [1][4] Cash Flow and Financial Health - The net cash flow from operating activities was -30.2261 million yuan, a decrease of 178 million yuan year-on-year, reflecting worsening cash flow conditions [5] - The net cash flow from financing activities increased to 155 million yuan, up by 506 million yuan, indicating improved funding through financing activities [5] - The net cash flow from investing activities was -74.0612 million yuan, compared to 7.7855 million yuan in the previous year, showing increased investment expenditures [6] Asset and Liability Structure - As of the end of 2024, accounts receivable increased by 51.88%, raising its proportion of total assets by 5.36 percentage points, indicating pressure in accounts receivable management [7] - Short-term borrowings surged by 260.56%, increasing its share of total assets by 12.79 percentage points, highlighting a significant rise in short-term debt pressure [7] - Other current liabilities increased by 502.16%, further exacerbating the company's short-term funding pressures [7] Overall Performance - The overall performance of Shenyang Machine Tool in 2024 was disappointing, with slight revenue growth overshadowed by a drastic decline in net profit and persistent non-recurring losses [8] - The company faces significant challenges in cash flow management and profitability, necessitating efforts to enhance core business profitability and optimize asset-liability structure to cope with increasing market competition and operational pressures [8]