Announcement time of this financial report: 2023-10-24 18:19:22

Zhongyuan Co., Ltd. (stock code: 300018) is a company focused on smart grid business. the main business includes power system intelligent record analysis, time synchronization, substation integrated automation and distribution automation product development, manufacturing, sales and services. The company's power fault recording device and time synchronization device are in a leading position in the subdivision industry, and their performance is affected by users' construction scale and technical transformation needs, product technical level, quality control and service quality.

In terms of assets and liabilities, Zhongyuan shares had total assets of 1.383 billion yuan in the third quarter of 2023, down slightly from 1.388 billion yuan at the end of last year. The total debt was 139 million yuan, down 16.77% from 167 million yuan at the end of the previous year, and the asset-liability ratio dropped to 10.08% from 12.03% at the end of the previous year, indicating that the efficiency of the company's debt management has improved. The net asset was 1.243 billion yuan, an increase of 1.80% compared with 1.221 billion yuan at the end of the previous year, indicating that the company's net assets maintained a steady growth.

In terms of profit, the company's operating income in the third quarter of 2023 was 284 million yuan, an increase of 5.98% from 268 million yuan in the same period last year. The operating profit was 53.9781 million yuan, up 136.85% from 22.7882 million yuan in the same period last year, and the net profit was 47.5746 million yuan, an increase of 204.23% over 15.6444 million yuan in the same period last year, indicating that the company's profitability has improved significantly. The gross profit margin was 47.46%, which was basically the same as that of 47.66% in the same period last year, while the net profit margin was 16.74%, a sharp increase from 5.84% in the same period last year, indicating a significant improvement in the company's profitability.

In terms of cash flow, the cash inflow from the company's operating activities in the third quarter of 2023 was 318 million yuan, slightly lower than that of 340 million yuan in the same period last year, and the cash outflow from operating activities was 324 million yuan, down slightly from 342 million yuan in the same period last year. Although both cash inflows and outflows have declined, the company's cash flow management is still healthy.

Generally speaking, Zhongyuan shares had a good operating condition in the third quarter of 2023, with a significant increase in net profit, improved efficiency in asset and liability management and healthy cash flow management. In addition, with the development of the Internet of things, all aspects of the power system to achieve the Internet of everything, human-computer interaction, promote the power grid to upgrade to the energy Internet, Zhongyuan shares in the smart grid field is expected to usher in more development opportunities.

For investors, Zhongyuan shares have stable profitability and good cash flow management, and have great development potential in the field of smart grid, which is worthy of attention. However, investors should also note that the power industry is greatly affected by the macroeconomic situation, so macroeconomic factors should be fully taken into account when making investment 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.