Announcement time of this financial report: 2023-10-24 18:23:01

Qingyan Environmental Technology Co., Ltd. (stock code: 301288) is an enterprise specializing in the research and development and application of rapid biochemical wastewater treatment technology. The company takes innovative technology and equipment as its path and innovative equipment process package as its products to provide high-quality and valuable services for the upstream and downstream of the industry. It mainly carries out business in the fields of new construction, standard raising and capacity expansion of municipal sewage treatment plant, pollution control and interception of black and smelly river, improvement of water quality in river basin, low-cost treatment of decentralized sewage in villages and towns, industrial organic wastewater treatment and so on.

In terms of assets and liabilities, Qingyan's total assets in the third quarter of 2023 were 921 million yuan, down 0.06% from 922 million yuan at the end of last year. The total liabilities were 84.6323 million yuan, 20.63% less than the 107 million yuan at the end of last year. The net asset was 837 million yuan, an increase of 2.68% compared with 815 million yuan at the end of last year. The asset-liability ratio was 9.19%, down 2.41 percentage points from 11.6% at the end of the previous year. This shows that the structure of the company's assets and liabilities is sound and the scale of liabilities has been effectively controlled.

In terms of profit, the company's operating income in the third quarter of 2023 was 97.9577 million yuan, an increase of 25.09% over the same period last year; operating profit was 15.5658 million yuan, an increase of 71.46% over the same period last year; and net profit was 12.6654 million yuan, an increase of 71.58% over the same period last year. The gross profit margin was 43.4%, up 1.12 percentage points from 42.28% in the same period last year. The net interest rate was 12.93%, up 3.5 percentage points from 9.43% in the same period last year. These data show that the company's operating income and net profit have achieved significant growth, and profitability has been further improved.

In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was-22.1413 million yuan, a decrease of 179.18% compared with the same period last year. Cash inflows from operating activities totaled 80.5442 million yuan, down 19.34 percent from the same period last year, while cash outflows from operating activities totaled 103 million yuan, up 43.33 percent from the same period last year. This shows that the net cash flow of the company's operating activities has decreased significantly, mainly due to the combined effects of payment for goods, increased tax payment and reduced sales rebate.

Generally speaking, the operating condition of Qingyan Environment in the third quarter of 2023 is generally good, the asset-liability structure is sound, and the operating income and net profit continue to grow, but the net cash flow of operating activities has decreased significantly. Therefore, when investing, investors should not only be optimistic about the company's performance growth, but also need to pay attention to the company's cash flow, in order to more comprehensively evaluate the company's operating conditions.

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.