Yangzhou Chenhua New Materials Co., Ltd. (stock code: 300610), hereinafter referred to as Chenhua shares, is a listed company specializing in the field of new materials. According to its third quarter 2023 report, some changes have taken place in the company's financial position, which will be analyzed in detail below.

First of all, it can be seen from the balance sheet that the total assets of the company increased from 1.352 billion yuan at the beginning of the period to 1.384 billion yuan at the end of the period. At the same time, the total liabilities also increased from 225 million yuan to 277 million yuan, and the asset-liability ratio also increased from 16.66% at the beginning of the period to 20.01% at the end of the period. This shows that while the company is expanding its business scale, its debt has also increased.

In terms of income statement, the company's operating income was 718 million yuan, down from 842 million yuan in the same period last year. The operating profit was 43 million yuan, down sharply from 134 million yuan in the same period last year. The net profit was 375 million yuan, a significant decrease compared with the same period last year. This may be due to changes in the market environment, the company's sales revenue and profits have been affected.

In terms of cash flow statement, the net cash flow generated by operating activities was 437 million yuan, down from 997 million yuan in the same period last year. The balance of cash and cash equivalents at the end of the period was 124 million yuan, an increase from 426 million yuan in the same period last year. This shows that the cash flow of the company's operating activities has decreased, but the reserve of cash and cash equivalents has increased, which provides a certain guarantee for the follow-up development of the company.

In terms of financial ratio, the company's gross profit margin was 16.35%, down from 25.72% in the same period last year. The net interest rate was 5.22%, a significant decrease compared with the same period last year. Return on equity (ROE) is 3.36%, indicating a decline in the company's profitability.

Among the specific items of assets and liabilities, the company's accounts receivable, accounts receivable financing, prepayments, other non-current assets, short-term loans, notes payable, contractual liabilities, taxes payable and other items have increased, while other receivables, other current assets, construction in progress, prepaid payments, salaries payable to employees, other current liabilities, inventory stocks and other items have decreased. These changes may be related to changes in the company's business activities and market environment.

Generally speaking, Chenghua shares faced some challenges in the third quarter of 2023, and the company's operating income and profits declined, but the company responded actively by expanding its operating scale and increasing its reserves of cash and cash equivalents, it provides a certain guarantee for the follow-up development of the company. In the future, Chenghua needs to continue to pay attention to market changes and adjust its business strategy to meet possible challenges.

When considering investing in Chenghua shares, investors need to fully consider the above factors, pay attention to the latest developments of the company and the changes of the market environment, and make rational investment decisions.

This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.