Announcement time of this financial report: 2023-10-25 18:36:48
Jianglong Boat (Stock Code: 300589) is a company specializing in the design, R & D, production and sales of official law enforcement boats, tourism and leisure boats and special operations boats. The company is characterized by the design and production of high-performance aluminum alloy, metal and multi-material composite boats, and is one of the leading new energy boat design and production enterprises in China. The company has the honors of national high-tech enterprises, Guangdong special new small and medium-sized enterprises, Guangdong provincial enterprise technology center, Guangdong engineering and technology research center, Guangdong industrial design center and so on. Enjoy a good reputation and high popularity in the industry, and have a prominent market position.
In terms of assets and liabilities, Jianglong boats' assets totaled 1.952 billion yuan in the third quarter of 2023, an increase of 25.95 percent from 1.549 billion yuan at the end of last year. The total liabilities were 1.143 billion yuan, an increase of 50.33% compared with 761 million yuan at the end of last year. The net asset was 809 million yuan, a slight increase compared with 789 million yuan at the end of last year. The asset-liability ratio was 58.56%, up from 49.1% at the end of the previous year. This is mainly due to an increase in the number of projects under construction, an increase in prepaid suppliers and an increase in bank loans from subsidiaries.
In terms of profits, Jianglong boats' operating income in the third quarter of 2023 was 683 million yuan, an increase of 73.35% compared with 394 million yuan in the same period last year. The operating profit was 10.7956 million yuan, a slight increase from 10.6211 million yuan in the same period last year. The operating cost was 581 million yuan, an increase of 81.67% compared with 320 million yuan in the same period last year. The net profit was 13.3424 million yuan, an increase of 53.87% compared with 8.6721 million yuan in the same period last year. This is mainly due to the increase in orders and investment in projects under construction.
In terms of cash flow, the net cash flow generated by Jianglong boats' operating activities in the third quarter of 2023 was 238 million yuan, an increase of 505.88% compared with-58.6165 million yuan in the same period last year. The cash inflow from operating activities totaled 1.235 billion yuan, an increase of 126.61% compared with 545 million yuan in the same period last year. The cash outflow from operating activities totaled 997 million yuan, an increase of 65.34 percent compared with 603 million yuan in the same period last year. This is mainly due to the increase in the number of projects under construction and the increase in customer payment in advance.
To sum up, the overall operating condition of Jianglong boats in the third quarter of 2023 is good, with a large increase in total assets, operating income and net profit. But at the same time, the total debt and asset-liability ratio of the company have also increased, which indicates that the debt pressure of the company has increased. In the future, companies need to better balance liabilities and profits in order to achieve more robust development.
For investors, Jianglong boat is a company with high popularity and market position in the boat manufacturing industry, with steady growth and good investment potential. But at the same time, investors also need to pay attention to the company's debt in order to avoid possible risks.
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.