Announcement time of this financial report: 2023-10-25 16:24:43
Tongli Risheng (stock code: 605286), founded in 2003, is one of the important enterprises in China's elevator parts industry. The company focuses on the R & D, production and sales of elevator components and elevator metal materials. The main products include escalator parts, straight elevator parts and elevator metal materials, providing one-stop and diversified parts supply for whole elevator manufacturing enterprises.
In terms of assets and liabilities, the total assets at the end of the third quarter of 2023 were 3.431 billion yuan, an increase of 17.62% compared with 2.917 billion yuan at the end of the previous year. The total debt was 1.358 billion yuan, an increase of 27.13% compared with 1.068 billion yuan at the end of last year. The net asset was 2.074 billion yuan, an increase of 12.22% compared with 1.849 billion yuan at the end of last year. The asset-liability ratio was 39.56%, up from 36.62% at the end of the previous year.
In terms of profit, operating income in the third quarter of 2023 was 1.79 billion yuan, the same as that of 1.789 billion yuan in the same period last year. The operating profit was 174 million yuan, an increase of 41.46% compared with 123 million yuan in the same period last year. The net profit was 158 million yuan, an increase of 43.64% compared with 110 million yuan in the same period last year. The gross profit margin was 21.68%, up from 15.69% in the same period last year. The net interest rate was 8.82%, up from 6.18% in the same period last year. Return on equity (ROE) was 8.05%, up from 6.75% at the end of last year.
In terms of cash flow, the net cash flow generated by operating activities in the third quarter of 2023 was 59.1125 million yuan, down 20.89 percent from 74.7246 million yuan in the same period last year. Cash inflows from operating activities totaled 1.919 billion yuan, down from 1.987 billion yuan in the same period last year. Cash outflow from operating activities totaled 1.859 billion yuan, down from 1.912 billion yuan in the same period last year.
To sum up, the operating situation of Tongli Risheng in the third quarter of 2023 is generally stable, the asset-liability ratio has increased, but the net profit has increased significantly, and the gross profit margin and net profit margin have increased, indicating the improvement of the company's profitability. However, the net cash flow from operating activities has decreased, indicating the pressure on the company's cash flow.
For investors, the rising profitability and stable operating conditions of Tongli are worthy of attention. However, the company's cash flow pressure can not be ignored. It is suggested that when considering the rising investment, investors should comprehensively consider the financial indicators and operating conditions of the company.
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.