Nanjing Xinbai (Stock Code: 600682) is a modern commercial company with department store retail as its main business. its main business model is joint venture model and leasing model, and some stores adopt a small amount of self-sales mode. The company has a number of stores in Nanjing City, Jiangsu Province and Wuhu City, Anhui Province, and provides property rental services. In addition, Nanjing Xinbai also has a major business in the field of health care for the aged, providing consumers with a variety of products and services.

According to the Nanjing Xinbai 2023 mid-term report, the total assets at the end of the period were 259 billion yuan, an increase compared with the 2520 billion yuan at the beginning of the period. This shows that the company has successfully expanded its assets in its business activities in the first half of the year. The total debt at the end of the period is 7.088 billion yuan, which is slightly higher than that of 7.043 billion yuan at the beginning of the period, but the increase is not large, indicating that the company has a strong debt management ability.

The net assets of Nanjing Xinbai increased from 1820 billion yuan at the beginning of the period to 188 million yuan at the end of the period. Although the growth rate is small, it reflects the continuous growth of the company's net assets and the further improvement of the intrinsic value of the enterprise. At the same time, the company's asset-liability ratio dropped from 27.93% at the beginning of the period to 27.35% at the end of the period, indicating that the company's debt level has declined and its financial structure is more robust.

In terms of profitability, Nanjing Xinbai's gross profit margin was 46.05%, down from 49.96% in the same period last year. This may be related to the increase in the company's operating costs, which increased from 1.509 billion yuan in the same period last year to 1.747 billion yuan in the current reporting period. The net interest rate was 12.36%, down from 15.66% in the same period last year, which may be related to the decrease in operating profit, which was 532 million yuan in the reporting period, down from 592 million yuan in the same period last year.

Nanjing Xinbai's net profit was 400m yuan, down from 472 million yuan in the same period last year. This may be related to the fact that the growth rate of operating income is not as fast as that of operating costs. the operating income in the reporting period is 3.238 billion yuan, which is higher than that of 3.015 billion yuan in the same period last year, but the growth rate is not as large as that of operating costs.

In terms of profitability, Nanjing Xinbai's return on assets (ROE) is 2.16%, down from 2.61% at the beginning of the period, which may be related to the decrease in net profit. The balance of goodwill at the end of the period was 6.18 billion yuan, an increase from 6.103 billion yuan at the beginning of the period, which may be related to the mergers and acquisitions carried out by the company during the reporting period.

Generally speaking, in the business activities of Nanjing Xinbai in the first half of 2023, the asset scale and net assets have increased, and the asset-liability ratio has decreased, indicating that the company's financial position is sound. Although profitability has declined, it remains at a high level. In the future, Nanjing Xinbai needs to further improve business efficiency, control costs and improve profitability in order to achieve better business performance.

For investors, Nanjing Xinbai has a sound financial position and strong profitability, so it is a worthy investment object. However, it should also be noted that the company's profitability has declined, and it is necessary to pay close attention to the company's operating conditions and industry trends, and make reasonable 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.