Accounts receivable increased by 436.79% over the same period last year, Huaxin Glass's annual revenue in 2022 was 183 million.

Digital building materials DataBM. Com April 12 news, Huaxin Glass 11 evening released the annual report of 2022, 2022 Huaxin Glass to achieve a total revenue of 183 million yuan, an increase of 13.69%; The profit was 23.4568 million yuan, an increase of 64.23% over the previous period, and the earnings per share was 2.3263 yuan, an increase of 62.87% over the previous period. The gross profit rate of the company in 2022 was 23.3%, an increase of 2.66 percentage points. According to

the data, Huaxin Glass is engaged in the deep processing of architectural glass, and its main products include tempered glass, Low-E hollow glass, built-in shutter glass, laminated glass, fireproof glass, glazed glass, etc. The accounts receivable of each project of the Company

in 2022 is as follows:

Source: Announcement

of the Company In addition, Digital Building Materials Network also noted that Huaxin Glass disclosed in its financial report that the accounts receivable of the Company in 2022 was 38.9548 million yuan, an increase of 436.76% compared with 2021. In this regard, Huaxin Glass said that it was mainly due to (1) the increase in operating income and the corresponding increase in the balance of accounts receivable; and (2) the slowdown in customer repayment due to the impact of the real estate market, which led to the increase in the balance of accounts receivable. Affected

by this, the net cash flow generated by the company's business activities has dropped sharply, and a short-term debt of 10 million yuan has been added. In 2022, the net cash flow generated by Huaxin Glass's business activities was 3.5317 million yuan, down 84% from the same period last year. The company increased short-term debt by 12.048 million yuan, accounting for 8.87% of total assets.

Source: Company Announcement