Beijing Digital Telecom Co Ltd

Latest Results (13.06.2024):

Revenue and Profit Overview

Beijing Digital Telecom Co Ltd reported a significant financial turnaround in the year ended 31 December 2023. The company's net cash generated from operating activities was RMB57,523,000, primarily due to a net profit before the impairment losses on financial assets, which is a non-cash item. This marks a notable recovery, reflecting improvements in operational efficiency and cost management.

Investing Activities

For the year ended 31 December 2023, Beijing Digital Telecom Co Ltd had net cash used in investing activities amounting to RMB178,322,000. This was primarily due to the redemption of financial products from banks and disposal of associates, indicating a strategic reshuffling of the company’s investment portfolio to optimize its financial structure.

Financing Activities

Beijing Digital Telecom Co Ltd's net cash generated from financing activities for the year ended 31 December 2023 was RMB613,932,000. This increase was largely due to obtaining new bank loans and loans from related parties, which were partially offset by the repayment of existing bank loans and loans from related parties. This reflects the company's active management of its capital structure to support its growth and operational needs.

Trade and Bills Receivables

As of 31 December 2023, Beijing Digital Telecom Co Ltd reported trade and bills receivables before deduction of impairment of RMB2,824,061,000, an increase of 3.71% from the previous year. The bills receivables saw a dramatic increase by 65,726.98%, mainly due to the expansion of business size. This growth in receivables underscores the company's expanding market reach and customer base.

Impairment of Receivables

Beijing Digital Telecom Co Ltd made a provision for impairment loss of RMB278 million in 2023 for Guaranteed Receivables, compared to RMB87 million in 2022. The increase in impairment provision indicates a cautious approach by the company in recognizing potential credit losses, ensuring that its financial statements reflect a realistic view of its receivables' recoverability.