Announcement time of this financial report: 2023-10-24 18:34:36
New Special Electric (stock code: 301120) is a leading company specializing in the manufacture of frequency conversion transformers, which are widely used in electric power, metal smelting, petrochemical, building materials, municipal construction, machinery, energy storage and other industries. The company's products are highly compatible with the national strategy of energy conservation and emission reduction and the "made in China 2025" policy, and there is a broad market space. Especially with the rapid growth of energy storage industry and power electronics industry, the company has ushered in unprecedented development opportunities.
New Special Electric's quarterly report for 2023 shows that the company's total assets are 1.685 billion yuan, up from 1.672 billion yuan at the end of last year. The total liabilities were 80.1531 million yuan, down from 111 million yuan at the end of the previous year. The net asset was 1.605 billion yuan, up from 1.561 billion yuan at the end of last year. The asset-liability ratio was 4.76%, down from 6.63% at the end of the previous year. This shows that the company's balance sheet is sound and the scale of liabilities is under control.
In terms of profit, the company's operating income was 355 million yuan, an increase from 338 million yuan in the same period last year. Operating profit was 70.0173 million yuan, down from 84.0871 million yuan in the same period last year. The operating cost was 234 million yuan, up from 216 million yuan in the same period last year. The net profit was 61.9494 million yuan, down from 74.2512 million yuan in the same period last year. This shows that the company's operating income is growing steadily, but the operating profit and net profit have decreased due to the increase in operating costs.
In terms of cash flow, the net cash flow generated by operating activities was 13.4032 million yuan, down from 42.5971 million yuan in the same period last year. Cash inflow from operating activities totaled 308 million yuan, up from 293 million yuan in the same period last year. Cash outflow from operating activities totaled 294 million yuan, up from 250 million yuan in the same period last year. This indicates that the net cash flow generated by the company's operating activities has declined, mainly due to an increase in cash outflow from operating activities.
Taken together, the overall operating condition of New Special Electric in the third quarter of 2023 is sound. The company's balance sheet is good, and its operating income continues to grow, but its operating profit and net profit have declined due to the increase in operating costs. In addition, the company's net cash flow has also declined, which requires attention.
For investors, Xinte Electric, as a leading manufacturer of frequency conversion transformers, has a broad market prospect, but it also needs to pay attention to the company's operating costs and cash flow. It is suggested that investors should comprehensively consider the operating status and market prospects of the company 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.