Announcement time of this financial report: 2023-10-24 13:20:41
Shungang Development (Stock Code: 003039) is a company mainly engaged in tap water production and sales and waste incineration power generation business, has the franchise of water supply in Shunde District and provides water supply services throughout Shunde District. At the same time, through the franchise contract signed with Shunde District Urban Administration, the company carries on the investment construction and operation management of waste incineration power generation project in BOT mode.
In terms of assets and liabilities, Shungang Development's quarterly report 2023 shows that the company's total assets increased from 4.599 billion yuan at the end of last year to 4.771 billion yuan at the end of this reporting period, while the total liabilities decreased slightly from 1.523 billion yuan at the end of last year to 1.512 billion yuan at the end of this reporting period. The company's net assets also increased from 3.076 billion yuan at the end of last year to 3.259 billion yuan at the end of this reporting period, and the asset-liability ratio decreased from 33.12% at the end of last year to 31.69% at the end of this reporting period, indicating that the company's financial position is sound.
In terms of profit, the company's operating income increased from 984 million yuan in the same period last year to 1.073 billion yuan from the beginning of the year to the end of this reporting period, and its operating profit was basically the same as that of the same period last year, at 316 million yuan. However, due to the increase in operating costs, from 529 million yuan in the same period last year to 608 million yuan at the beginning of the year to the end of the reporting period, the company's gross profit margin decreased from 46.24% in the same period last year to 43.4% from the beginning of the year to the end of the reporting period. In terms of net profit, the company achieved 256 million yuan from the beginning of the year to the end of the reporting period, a slight increase compared with 253 million yuan in the same period last year, but the net interest rate decreased from 25.76% in the same period last year to 23.85% at the end of the reporting period.
In terms of cash flow, the net cash flow generated by the company's operating activities decreased from 470 million yuan in the same period last year to 403 million yuan from the beginning of the year to the end of the reporting period, indicating a decline in the company's cash flow. The subtotal cash inflow of operating activities increased from 1.073 billion yuan in the same period last year to 1.15 billion yuan from the beginning of the year to the end of the reporting period, but the cash outflow from operating activities also increased from 603 million yuan in the same period last year to 746 million yuan from the beginning of the year to the end of the reporting period.
Overall, Shun Control Development's overall operating condition in the third quarter of 2023 was sound, the balance sheet was good, and profits increased, but cash flow declined. For investors, they need to pay attention to the cost control ability and cash flow status of the company, as well as the growth space of the company in a specific region. When making investment decisions, investors should comprehensively consider the company's operating conditions and market environment, and make prudent 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.