Announcement time of this financial report: 2023-10-25 19:14:11
Shenzhen World Bank Group Co., Ltd. (stock code: 002285), founded in 1993, is the first real estate integrated service provider in China to land on A-shares. Headquartered in Shenzhen, the company operates in core cities in China, and its main business includes big transactions and large capital management. Results for the third quarter of 2023 show that the company has improved in terms of balance sheet, but both operating income and net profit have declined.
In terms of assets and liabilities, the company's total assets at the end of the third quarter of 2023 were 5.915 billion yuan, down 12.33% from 6.746 billion yuan at the end of the previous year. The total debt was 2.506 billion yuan, a decrease of 24.21% compared with 3.308 billion yuan at the end of last year. The net worth was 3.409 billion yuan, down slightly from 3.438 billion yuan at the end of last year. The asset-liability ratio was 42.37%, down from 49.03% at the end of the previous year, indicating that the company's debt situation has improved.
In terms of profit, the company achieved operating income of 2.596 billion yuan from January to September 2023, down 12.16% from the same period last year. The operating profit is 7.9326 million yuan, compared with-33.3627 million yuan in the same period last year, the company has changed from loss to profit. However, the net profit attributed to the shareholders of the listed company is-14.5942 million yuan, a loss reduction of 25.99% over the same period last year, indicating that the company's net profit is still at a loss.
In terms of cash flow, the net cash flow generated by operating activities was 305 million yuan, down 7.77% from 331 million yuan in the same period last year. Cash inflows from operating activities totaled 3.484 billion yuan, down 18.56 percent from 4.277 billion yuan in the same period last year. The cash outflow from operating activities totaled 3.179 billion yuan, down 19.41 percent from 3.946 billion yuan in the same period last year. This shows that the company's cash flow situation has improved.
To sum up, the World Bank improved its balance sheet in the third quarter of 2023, but its operating income and net profit declined, and its cash flow position improved. The main reasons include: under the influence of the macro-economy and the real estate market, the company took the initiative to shrink and adjust and optimize the urban layout, and the revenue from large transactions decreased by 12.51% compared with the same period last year; on the basis of basically completing the goal of optimizing and reducing losses in the restructuring of space operations, actively expand new businesses in core areas and control operational risks in non-core areas, and revenue from large asset management business decreased by 13.19% compared with the same period last year.
For investors, although the financial position of the World Bank has improved, the decline in operating income and net profit as well as the decline in cash flow indicate that the company's operating condition is under pressure. Therefore, when considering investing in the World Bank, investors need to fully consider the operating conditions of the company and the impact of the market environment.
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.