The announcement time of this financial report is: 2023-10-20 16:48:45

Zhen'an Technology Co., Ltd. (stock code: 300767) is an enterprise specializing in the research of building seismic resistance, and its main business covers the research and application of building isolation technology. Recently, Zhen'an Technology released its results for the third quarter of 2023. This article will interpret the main data in its financial report.

First of all, as can be seen from the balance sheet, the total assets of Zhenan Science and Technology at the end of the third quarter of 2023 were 2.689 billion yuan, up from 2.563 billion yuan at the end of last year. At the same time, the total liabilities also increased from 939 million yuan at the end of last year to 1.067 billion yuan at the end of this report. This shows that while the company is expanding its business scale, its debt has also increased. In terms of net assets, the net assets at the end of this report were 1.622 billion yuan, which was basically the same as the 1.623 billion yuan at the end of last year, indicating that the company's net assets remained stable.

However, the company's asset-liability ratio reached 39.66% at the end of the reporting period, up from 36.66% at the end of the previous year. This may mean that the company's financial risk has increased and needs to be paid attention to.

From the income statement, we can see that both the gross profit margin and the net profit margin of the company have declined. The gross profit margin from the beginning of the year to the end of this reporting period was 37.36%, down from 42.61% in the same period last year. Similarly, the net interest rate fell from 12.14% in the same period last year to 3.01% at the end of the reporting period. This may indicate a decline in the company's profitability.

In terms of net profit, the net profit from the beginning of the year to the end of this report was 163 million yuan, down sharply from 793 million yuan in the same period last year. It is mainly due to the decrease of income and gross profit margin compared with the same period last year, the increase of financial expenses and the increase of R & D expenses. The operating income from the beginning of the year to the end of this report was 540 million yuan, down from 653 million yuan in the same period last year. Similarly, operating profit fell from 985 million yuan in the same period last year to 126 million yuan at the end of the reporting period.

In addition, the return on assets (ROE) at the end of the report was 1%.It is down from 1.2% at the end of last year. This shows that the company's profitability and capital operation efficiency have weakened.

Overall, Zhen'an Technology's operating performance in the third quarter of 2023 showed a trend of stable net assets, a decline in gross profit margin and net profit, and a slight increase in asset-liability ratio. Although the company maintains the stability of net assets while expanding its operating scale, the increase of asset-liability ratio may increase the financial risk of the company. At the same time, the decline in gross profit margin and net profit margin indicates that the company's profitability has weakened, and the decline in operating income and operating profit may be one of the main reasons for the sharp decline in net profit. In addition, the decline in return on assets also shows that the company's profitability and capital operation efficiency need to be improved.

In view of the above situation, the company needs to further optimize the asset-liability structure and reduce financial risks. At the same time, cost control should be strengthened and gross profit margin and net profit margin should be increased to enhance profitability. In addition, the company should also increase market expansion efforts, increase operating income and operating profits, in order to improve the level of net profit. Finally, the company should pay attention to improve the efficiency of asset utilization, improve the rate of return on assets and achieve a better return on capital.

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.