Abstract:
Rongbai Technology is a leader in Chinese science and technology
new energy materials industry, mainly engaged in the research and sales of three
cathode materials and precursors. However, as can be seen from the financial
report of Rongbei Technology, the net cash flow of the company’s operating
activities and investment activities in the past four years is negative, and the
company’s accounts receivable are difficult to return. This report analyzes the
earnings quality of Rongbai Technology from the aspects of profit model, profit
source and composition, cash flow, financial indicators and so on. Analyze
financial risk and operating risk from main products, industrial chain status,
asset quality and other aspects; Finally, SWOT analysis and other theories
are comprehensively used to analyze its sustainable management ability and
development ability from the financial perspective.
容百科技是我国科技新能源材料行业的领导者,主要从事三元正极材料和前驱体的研发和销售。但是从容百科技的财报上看出,公司近四年的经营活动、投资活动现金流量净额为负,且公司应收账款难以回报。首先,本报告从盈利模式、利润来源及构成、现金流量、财务指标等方面来分析容百科技的盈余质量;其次,从主营产品、产业链状况、资产质量等方面来分析财务风险和经营风险;最后,综合运用SWOT分析等理论从财务视角分析其持续经营能力和发展能力。