Announcement time of this financial report: 2023-10-23 18:18:45
Black Peony (Stock Code: 600510) is an enterprise mainly engaged in new urbanization construction and textile and clothing business, mainly in Changzhou, Suzhou, Wuxi, Nanjing, Huzhou, Shaoxing, Changshu and other areas. The company's strategic goal is to become an integrated operation service provider, committed to providing integrated investment, construction and operation services in urban renewal, supporting construction and transportation, and urban-rural integration.
In terms of assets and liabilities, at the end of the third quarter of 2023, the total assets of Black Peony was 31.238 billion yuan, down slightly from 31.494 billion yuan at the end of last year. The total liabilities were 20.127 billion yuan, down from 20.593 billion yuan at the end of last year. The company's net worth was 11.111 billion yuan, up from 10.901 billion yuan at the end of last year. The asset-liability ratio was 64.43%, down from 65.39% at the end of the previous year. This shows that the company's liabilities have improved and its net assets have increased.
In terms of profit, the company's operating income in the third quarter of 2023 was 5.946 billion yuan, up 16.98% from 5.083 billion yuan in the same period last year. Operating profit was 689 million yuan, up sharply from 326 million yuan in the same period last year. The net profit was 471 million yuan, more than double the 210 million yuan in the same period last year. This is mainly due to the increase in gross profit margin of real estate projects delivered from the beginning of the year to the end of the reporting period over the same period last year, the liquidation tax rebate of some real estate projects, and the reduction of exchange losses due to exchange rate fluctuations.
In terms of cash flow, the cash inflow from the company's operating activities in the third quarter of 2023 totaled 3.145 billion yuan, down from 4.125 billion yuan in the same period last year. Cash outflow from operating activities totaled 4.152 billion yuan, down from 5.385 billion yuan in the same period last year.
Generally speaking, the operating condition of Black Peony in the third quarter of 2023 is good, the net profit increases significantly, and the contribution of real estate business is outstanding. The company's balance sheet has improved and its net assets have increased. Although cash inflows from operating activities have declined, cash outflows have also decreased, and the overall cash flow is stable.
For investors, the performance and financial situation of Black Peony show positive signals. The company's real estate business performance is strong, the future is expected to continue to bring stable revenue and profits for the company. Investors can consider long-term investment in black peony on the basis of studying and understanding the company's business model, development strategy and industry trends.
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.