Ястребиный глаз предупреждает: соотношение дебиторской задолженности/выручки в Атлантическом океане продолжает расти

Sina Finance listed company research institute | Financial report hawk-eye early warning

On April 6, Datong Atlantic released its 2025 annual report. The audit opinion is a standard unqualified audit opinion.

The report shows that in 2025, the company’s full-year operating revenue was 3.71B yuan, up 4.31% year on year; net profit attributable to shareholders was 182 million yuan, up 17.56% year on year; net profit after deducting non-recurring items attributable to shareholders was 170 million yuan, up 25.24% year on year; and basic earnings per share were 0.203 yuan/share.

Since the company went public in February 2001, it has issued cash dividends 25 times, with cumulative cash dividends of 618 million yuan implemented. The announcement shows that the company plans to distribute cash dividends of 1.2 yuan for every 10 shares to all shareholders (including tax).

The listed-company financial report hawk-eye early warning system conducts intelligent quantitative analysis of Datong Atlantic’s 2025 annual report from four major dimensions: performance quality, profitability, capital pressure and safety, and operating efficiency.

I. Performance quality

During the reporting period, the company’s revenue was 3.71B yuan, up 4.31% year on year; net profit was 218 million yuan, up 25.14%; and net cash flow from operating activities was 228 million yuan, down 11.42% year on year.

Based on the quality of operating assets, it is necessary to focus on:

• The accounts receivable / operating revenue ratio continues to grow. In the last three annual reports, the accounts receivable / operating revenue ratio was 4.56%, 4.78%, and 4.93% respectively, showing continued growth.

Based on cash flow quality, it is necessary to focus on:

• The trend of operating revenue and net cash flow from operating activities continues to diverge. In the last three annual reports, operating revenue year-on-year changes were 2.94%, 3.56%, and 4.31% respectively, continuing to rise; net cash flow from operating activities year-on-year changes were 27.4%, 24.42%, and -11.42% respectively, continuing to decline; the trends in operating revenue and net cash flow from operating activities continue to diverge.

• The ratio of net cash flow from operating activities / net profit continues to decline. In the last three semiannual reports, the ratio of net cash flow from operating activities / net profit was 1.78, 1.48, and 1.04 respectively, continuing to decline, indicating a downward trend in earnings quality.

II. Profitability

During the reporting period, the company’s gross profit margin was 16.08%, up 10.25% year on year; net profit margin was 5.87%, up 19.96% year on year; and return on net assets (weighted) was 7.6%, up 13.26% year on year.

Considering the company’s operating end and returns, it is necessary to focus on:

• Sales gross profit margin increases significantly. During the reporting period, the sales gross profit margin was 16.08%, up significantly by 10.25% year on year.

• As the sales gross profit margin increases, the accounts receivable turnover rate declines. During the reporting period, the sales gross profit margin rose from 14.59% in the same period last year to 16.08%, while the accounts receivable turnover rate fell from 21.78 times in the same period last year to 21.03 times.

III. Capital pressure and safety

During the reporting period, the company’s asset-liability ratio was 18.61%, down 0.76% year on year; the current ratio was 3.61, and the quick ratio was 2.25; total debt was 65.3021 million yuan, of which short-term debt was 65.3021 million yuan; the proportion of short-term debt to total debt was 100%.

From the perspective of capital management and control, it is necessary to focus on:

• Interest income / cash and cash equivalents ratio is less than 1.5%. During the reporting period, cash and cash equivalents were 530 million yuan, short-term debt was 60 million yuan, and the company’s average interest income / cash and cash equivalents ratio was 0.737%, lower than 1.5%.

IV. Operating efficiency

During the reporting period, the company’s accounts receivable turnover rate was 21.03, down 3.44% year on year; inventory turnover rate was 4.26, up 3.1%; total asset turnover rate was 1.16, up 3.06%.

From operating assets, it is necessary to focus on:

• The proportion of accounts receivable / total assets continues to grow. In the last three annual reports, the accounts receivable / total assets ratio was 4.92%, 5.37%, and 5.61% respectively, showing continuous growth.

Click Datong Atlantic hawk-eye early warning to view the latest details and a visual preview of the financial report.

Sina Finance listed company financial report hawk-eye early warning introduction: The listed company financial report hawk-eye early warning is a professional intelligent analysis system for listed company financial reports. Hawk-eye early warning gathers a large number of authoritative financial experts such as accounting firms and listed companies, and tracks and interprets the latest financial reports of listed companies across multiple dimensions including company performance growth, earnings quality, capital pressure and safety, and operating efficiency, providing possible financial risk points in the form of charts and text. It offers technical solutions for professional, efficient, and convenient identification and early warning of financial risks for financial institutions, listed companies, regulatory authorities, and others.

Hawk-eye early warning entry: Sina Finance APP-Quotes-Data Center-Hawk-eye early warning or Sina Finance APP-Stock quotes page-Finance-Hawk-eye early warning

Disclaimer: The market carries risk; investment requires caution. This article is automatically published based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there is any discrepancy, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.