Announcement time of this financial report: 2023-10-24 18:23:01
New Research Co., Ltd. (stock code: 300159) is a company mainly engaged in aerospace business and agricultural machinery business, and its core products include aircraft structures, spacecraft structures and aero-engine and gas turbine structures. In the agricultural machinery business, the company is committed to the research and development, design, production and sales of middle and high-end agricultural and animal husbandry machinery, in order to meet the needs of the development of agricultural mechanization in China, and replace the imported high-end agricultural and animal husbandry machinery and equipment.
In terms of assets and liabilities, the total assets of Xinyan shares in the third quarter of 2023 were 3.373 billion yuan, an increase compared with 3.299 billion yuan at the end of last year. The total liabilities amounted to 3.273 billion yuan, up from 3.137 billion yuan at the end of last year. The net worth was 100 million yuan, down sharply from 162 million yuan at the end of last year. The asset-liability ratio was 97.03%, up from 95.1% at the end of the previous year. These changes are mainly due to the increase in sales payment in advance, the increase in inventory, the increase in sales deposit and payment in advance in the agricultural machinery sector, and other factors.
In terms of profit, the operating income of Xinyan shares in the third quarter of 2023 was 837 million yuan, down sharply from 1.459 billion yuan in the same period last year. The operating profit was-84.1759 million yuan, a loss compared with 26.0631 million yuan in the same period last year. Net profit was-108 million yuan, down sharply from 8.6103 million yuan in the same period last year. These changes are mainly due to the cyclical impact of the aviation equipment market, customer product upgrading and equipment iteration led to order rhythm adjustment, customer order demand slowed down during the reporting period, resulting in a decrease in revenue.
In terms of cash flow, the net cash flow generated by the operating activities of Xinyan shares in the third quarter of 2023 was 154 million yuan, down from 239 million yuan in the same period last year. Cash inflow from operating activities totaled 1.224 billion yuan, down from 1.543 billion yuan in the same period last year. Cash outflow from operating activities totaled 1.07 billion yuan, down from 1.304 billion yuan in the same period last year. These changes are mainly due to the increase in taxes and fees paid in the current period, the increase in the frozen amount in the current period compared with the previous period, and the increase in fees paid in the current period.
Overall, the operating performance of Xinyan shares declined in the third quarter of 2023 compared with the same period last year. Although total assets have increased, net assets have fallen sharply, net profit has turned to losses, and net cash flow has also decreased. All these show that there is some pressure on the company in terms of operation.
For investors, although Xinyan shares have certain advantages in aerospace business and agricultural machinery business, but in the current operating conditions, the investment risk is relatively large. It is suggested that investors should fully consider the company's operating conditions and market environment before investing, and invest cautiously.
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.