Q: What is MAO GEPING(01318) Earnings Summary?
**Financial Report Summary for MAO GEPING (01318)**
**Bullish Points:**
1. Revenue increased by 34.6% from RMB 2,886.0 million in 2023 to RMB 3,884.7 million in 2024.
2. Net profit increased by 32.8% from RMB 663.5 million in 2023 to RMB 881.3 million in 2024.
3. Successful listing on the Hong Kong Stock Exchange Main Board in 2024.
4. Expansion of high-end department store channels, with brand counters in over 120 cities nationwide.
5. Development and upgrade of over 100 new products in 2024.
6. Makeup art training business revenue increased by 45.8% to RMB 151.7 million in 2024.
7. Total assets increased from RMB 2,094.6 million in 2023 to RMB 4,473.5 million in 2024.
8. Operating cash flow increased from RMB 699.7 million in 2023 to RMB 968.6 million in 2024.
9. Debt ratio decreased from 26.1% in 2023 to 21.7% in 2024.
10. Current ratio increased from 3.2 times in 2023 to 3.6 times in 2024.
11. Net debt ratio decreased from 35.3% in 2023 to 27.7% in 2024.
12. Significant increase in cash and cash equivalents, totaling RMB 2,796,456,000, up from RMB 1,137,894,000 in the previous year.
13. Significant increase in net current assets from RMB 1,047,144 thousand in 2023 to RMB 2,294,407 thousand in 2024.
14. Equity attributable to owners of the parent company increased from RMB 1,402,182 thousand in 2023 to RMB 3,205,966 thousand in 2024.
**Bearish Points:**
1. Total liabilities increased from RMB 546.6 million in 2023 to RMB 969.9 million in 2024.
2. Return on equity (ROE) decreased from 49.5% in 2023 to 34.9% in 2024.
3. Return on total assets (ROA) decreased from 36.3% in 2023 to 26.8% in 2024.
4. Capital expenditure increased significantly from RMB 86.2 million in 2023 to RMB 615.9 million in 2024.
5. Significant increase in trade receivables, totaling RMB 214,543,000, up from RMB 157,677,000 in the previous year.
6. Significant increase in trade payables, totaling RMB 92,065,000, up from RMB 103,589,000 in the previous year.
7. Significant increase in inventory, totaling RMB 323,774,000, up from RMB 342,206,000 in the previous year.
8. Total current liabilities increased from RMB 340,550 thousand in 2023 to RMB 759,654 thousand in 2024.
9. Introduction of non-current liabilities with lease liabilities amounting to RMB 2,580 thousand in 2024.
**Summary:**
Mao Geping Cosmetics Co., Ltd. has shown strong financial growth in 2024, with significant increases in revenue, net profit, and total assets. The company's successful IPO and expansion into high-end department stores are positive indicators of future growth. However, the increase in total liabilities, decreased ROE and ROA, and significant capital expenditures are areas of concern. The company needs to manage its liabilities and maintain its profitability to sustain its growth trajectory.
For more information, you can read the original text of MAO GEPING's financial report.
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