Announcement time of this financial report: 2023-10-24 18:23:02

Wanshili (Stock Code: 301066) is an enterprise that combines Chinese traditional silk culture with creative design and digital printing technology, focusing on the R & D, design, production and sales of silk-related products. Its main products include silk cultural creative products and silk textile products. Through independent research and cooperative research and development, we continue to innovate and improve product quality, and have established cooperative relations with many high-quality customers. Wanshili is committed to broadening the category of silk products and has set up a silk research institute and related departments to carry out silk technology research and innovation.

In terms of assets and liabilities, at the end of the third quarter of 2023, MasterCard's total assets were 866 million yuan, an increase of 4.62 percent compared with 828 million yuan at the end of last year. The total debt was 212 million yuan, an increase of 10.42% compared with 192 million yuan at the end of last year. The net asset was 654 million yuan, an increase of 2.83% compared with 636 million yuan at the end of last year. The asset-liability ratio was 24.51%, up slightly from 23.19% at the end of the previous year. These changes are mainly due to the bulk trading of raw silk in the current period, as well as the pre-construction expenditure of the MasterCard artificial intelligence plant project.

In terms of profits, in the third quarter of 2023, MasterCard's operating income was 498 million yuan, an increase of 21.20% compared with 410 million yuan in the same period last year. The operating profit was 25.5781 million yuan, an increase of 86.87% compared with 13.6888 million yuan in the same period last year. The net profit was 24.4103 million yuan, an increase of 59.65% compared with 15.2906 million yuan in the same period last year. The gross profit margin was 45.14%, up from 37.64% in the same period last year. The net interest rate was 4.91%, up from 3.72% in the same period last year. These changes are mainly due to the company's vigorous development of online business, a large increase in platform costs, as well as an increase in sales staff and salary with the growth of the company's revenue.

In terms of cash flow, in the third quarter of 2023, the net cash flow generated by MasterCard's operating activities was 71.9405 million yuan, compared with-11.0896 million yuan in the same period last year. Cash inflows from operating activities totaled 586 million yuan, up 17.91 percent from 497 million yuan in the same period last year. Cash outflow from operating activities totaled 514 million yuan, an increase of 1.18% compared with 508 million yuan in the same period last year. These changes are mainly due to the increase in sales in the current period, the corresponding increase in output tax, and the decrease in government subsidies received in the current period.

Generally speaking, the overall operating condition of MasterCard in the third quarter of 2023 is sound, with operating income, operating profit and net profit all growing by a large margin, and the cash flow situation has also improved. All these show that the company's management ability and profitability have been further improved.

For investors, MasterCard has a sound financial position, good operating conditions, strong profitability and cash flow generation ability, so it is a worthy investment object. But at the same time, investors also need to pay attention to the slight increase in the company's asset-liability ratio and the changes in the net cash flow of operating activities, in order to have a more comprehensive understanding of 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.