Tefa Information is one of the earliest enterprises in China to develop and focus on the R&D and production of optical fiber cables, distribution network equipment and communication equipment. At present, based on the optical communication industry, the company has developed optical fiber and cable, intelligent access and military informatization, forming a diversified industrial structure. The business covers product research and development, production, sales, construction and follow-up guarantee, and provides customers with overall solutions. It has several industrial bases in South China, East China, North China and Southwest China.
In 20 19, Tefa Information realized an operating income of 4.656 billion yuan, a year-on-year decrease of105 billion yuan or 18.40%. The net profit returned to the mother was 323 million yuan, up 48 million yuan year-on-year, up17.24% year-on-year; Deducting non-net profit was RMB 78 million, a decrease of RMB 48 million or 68.48% compared with the same period of last year.
In the first quarter of 2020, the operating income was 642 million yuan, down 48.50% year-on-year; The net profit of returning to the mother was 66 million yuan, a year-on-year decrease of 282%; Deducting non-net profit was 0.7 1 billion yuan, a year-on-year decrease of 362. 12%. During the epidemic, Texun also suffered a severe blow, barely keeping the bottom line of profit.
In addition, the company's net operating cash flow in 2065438+2009 was-255 million, indicating that the company could not bring sufficient cash flow through operating activities, and needed to maintain its operation through bank loans or other external financing. The company's current ratio in 19 is only 1.4. Generally speaking, the current ratio of enterprises is better than 2, so as to maintain good solvency. It can be seen that the solvency of special information is insufficient at present, and the hidden danger of cash flow can not be ignored. Once the capital chain breaks, the consequences will be very serious.
Starting with the financial data, this paper outlines the general situation of Texun: the gross profit margin has increased, but the industry downturn has led to a sharp decline in revenue. The company has to reduce the accounts receivable in advance and accounts payable to maintain its operation, but its assets are not very healthy. Nearly 40% of assets are IOUs and goodwill. In addition, the transaction cash flow is negative and it needs to rely on bank loans to maintain operations. However, the current ratio is low, the solvency is weak, and there are hidden dangers in cash flow.
So Texun has never been able to get up.