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天海翼作品封面:美妆与欧美护肤品,谁更契合亚洲肌肤?
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天海翼作品封面:美妆与欧美护肤品,谁更契合亚洲肌肤?

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  近期电科数字(600850)发布2024年年报,证券之星财报模型分析如下:

经营业绩

  电科数字(600850)在2024年的营业总收入为107.06亿元,较2023年的100.01亿元同比增长7.05%。归母净利润为5.51亿元,同比增长10.77%。扣非净利润为5.49亿元,同比增长11.32%。从单季度数据来看,第四季度营业总收入为36.06亿元,同比增长17.31%,归母净利润为2.48亿元,同比增长13.31%。

盈利能力

  公司的毛利率为19.19%,较去年同期下降了5.55个百分点。净利率为5.1%,同比下降2.44个百分点。尽管毛利率有所下降,但公司通过控制费用,使得三费占营收比降至9.33%,同比下降5.38%。每股收益为0.8元,同比增长10.33%。

现金流与资产负债

  公司2024年的每股经营性现金流为-0.36元,同比下降272.49%,显示出公司在经营活动中现金流的恶化。货币资金为21.91亿元,较2023年的27.22亿元减少了19.51%。应收账款为23.94亿元,同比增长31.32%,表明公司存在较大的应收账款回收压力。有息负债为5.25亿元,同比增长80.59%,显示出公司负债水平有所上升。

主营业务分析

  公司主营业务收入主要来自行业数字化和数字化产品。行业数字化业务收入为91.72亿元,占总收入的85.67%,同比增长7.93%。数字化产品业务收入为7.91亿元,占总收入的7.38%,同比增长10.98%。数字新基建业务收入为7.94亿元,占总收入的7.41%,同比下降2.83%,但毛利同比增长5.42%。

地区分布

  公司业务收入主要集中在华东地区,收入为57.4亿元,占总收入的53.61%。其次是华南地区,收入为17.35亿元,占总收入的16.20%。境外业务收入为5.98亿元,占总收入的5.58%。

风险提示

  尽管公司在2024年实现了较好的业绩增长,但仍需关注以下几点:

现金流状况:公司经营性现金流为负,且货币资金同比减少,需关注其流动性风险。应收账款:应收账款大幅上升,需警惕坏账风险。财务费用:财务费用同比上升128.42%,需关注其对公司盈利能力的影响。

  综上所述,电科数字在2024年保持了稳定的业绩增长,但在现金流管理和应收账款控制方面仍需加强。

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