Announcement time of this financial report: 2023-10-17 19:39:19

Qifeng Xincai (Stock Code: 002521) is a leading enterprise in the paper and paper products industry, focusing on the production of specialty paper. The company demonstrated its strong performance and sound financial position in its financial results for the third quarter of 2023.

First of all, let's take a look at Qifeng Xincai's assets. The total assets at the end of this report were 4.979 billion yuan, an increase compared with 4.734 billion yuan at the end of last year. This shows that the company has made some achievements in asset accumulation. At the same time, the company's net assets also increased from 3.548 billion yuan at the end of last year to 3.656 billion yuan at the end of this report, indicating a steady increase in the value of the company's assets.

However, the company's debt has also increased. The total liabilities at the end of the reporting period were 1.323 billion yuan, up from 1.185 billion yuan at the end of the previous year. This may be due to the increased debt of the company in expanding its production and operating activities. However, it is worth noting that the company's asset-liability ratio is only 26.57%, which is slightly higher than 25.04% at the end of last year, but it is still at a low level on the whole, indicating that the company's financial risk is well controlled.

Next, let's look at the profitability of the company. The gross profit margin at the end of the reporting period was 13.46%, a significant increase from 7.98% in the same period last year. This shows that the company has achieved remarkable results in cost control and product pricing. The net interest rate also rose sharply from 0.17% in the same period last year to 5.83% at the end of the reporting period, indicating a significant increase in the company's profitability. At the same time, the return on equity (ROE) increased from 0.12% at the end of last year to 4.39% at the end of this report, indicating a significant improvement in the company's efficiency in using its own capital.

In addition, the company's net profit also increased significantly. The net profit from the beginning of the year to the end of this report was 158 million yuan, a substantial increase from 4.25 million yuan in the same period last year. This is mainly due to the growth of the company's operating revenue and effective cost control.

In terms of goodwill, the goodwill at the end of this report was 2.32 million yuan, the same as at the end of last year. This shows that the company does not generate new goodwill in M & An activities, nor does it impair the old goodwill.

Generally speaking, Qifeng Xincai had an outstanding financial performance in the third quarter of 2023, with a substantial increase in net profit and a low asset-liability ratio, indicating the company's good profitability and sound financial position. However, investors should also pay attention to the company's debt and goodwill risk when investing. Generally speaking, Qifeng New material, as a leading enterprise in the industry, has a strong competitive advantage and market prospects, which deserves the attention of investors.

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.