share_log

【BT财报瞬析】上海钢联2023三季报:营业收入和净利润双增,推动大宗商品产业的数字化转型升级

[Instant Analysis of BT Financial Report] Shanghai Steel Federation 2023 Third Quarter Report: Operating Income and Net Profit Increased, Promoting the Digital Transformation and Upgrading of the Commodity Industry

businesstimes cn ·  10/24/2023 17:12

Announcement time of this financial report: 2023-10-23 18:58:32

Shanghai Steel Union Co., Ltd. (stock code: 300226) is one of the world's leading data service providers for commodities and related industries, as well as a 100 billion-level B2B steel trading smart service e-commerce platform. The company is mainly engaged in industrial data services and steel trading services, committed to promoting a more transparent, efficient and secure commodity market, as well as the digital transformation and upgrading of the commodity industry.

In terms of assets and liabilities, the total assets of Shanghai Iron and Steel Union Company reached 17.736 billion yuan in the third quarter of 2023, an increase of 28.08 percent compared with 13.848 billion yuan at the end of last year. The owner's equity belonging to the shareholders of the listed company was 1.931 billion yuan, an increase of 10.46% over the same period last year. This shows that the company's assets are steadily expanding and the company's financial position remains sound.

In terms of profit, the company achieved operating income of 66.547 billion yuan from January to September 2023, an increase of 12.77% over the same period last year. The net profit belonging to shareholders of listed companies was 166.929 million yuan, an increase of 21.04% over the same period last year. This shows that the company's main business income and profits have achieved good growth, and the company's profitability has been further improved.

In terms of cash flow, the net cash flow generated by the company's operating activities was 239 million yuan, which was lower than that of 994 million yuan in the same period last year, but remained at a healthy level. This shows that the company's business activities can continue to generate a stable cash inflow, which is conducive to the daily operation and development of the company.

In other financial indicators, the company's gross profit margin was 1.38%, down from 1.54% in the same period last year. The net interest rate was 0.46%, up from 0.41% in the same period last year. This shows that the company's profitability has improved, but the decline in gross profit margin may mean that the company's cost control is under some pressure.

Generally speaking, the overall operating condition of Shanghai Iron and Steel Co., Ltd. in the third quarter of 2023 is good, operating income and net profit have achieved good growth, the scale of assets has expanded steadily, and operating activities can continue to generate stable cash inflows. However, the company's gross profit margin has declined and may need to further strengthen cost control.

For investors, Shanghai Steel Union, as a leading company in data services for commodities and related industries, has a strong market position and competitive advantage. Under the background of the current digital transformation and upgrading of the commodity industry, the development prospect of the company is worth looking forward to. However, investors also need to pay attention to the cost control of the company and the changes in the net cash flow generated by operating activities. It is suggested that when considering investment, investors should comprehensively consider the financial indicators and operating conditions of the company.

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.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment