Announcement time of this financial report: 2023-10-25 17:00:10
Renzhi Co., Ltd. (stock code: 002629) is a high-tech enterprise specializing in oilfield technical services and R & D and production of oilfield chemical auxiliaries. The company's main business includes oil field environmental protection, downhole operation technical services, photovoltaic engineering, tube inspection and maintenance services, production and sales of petrochemical products and R & D, production and sales of new materials. In terms of new materials business, Renzhi New Materials, a subsidiary of the company, focuses on the production of modified materials, which is mainly related to the research, production and sales of modified materials such as irradiated cross-linked optical cable materials and irradiated cross-linked cable materials. In terms of engineering and technical services, the company provides oil field environmental protection business, downhole operation business, pipe inspection and maintenance business and photovoltaic engineering business and other services. The company has rich technical precipitation and on-site construction experience in oil field environmental protection business, as well as corresponding qualifications and capabilities in downhole operation business, pipe inspection and maintenance business and photovoltaic engineering business. The company is committed to providing customers with high-quality products and services, and has established a sound product quality management system and process.
According to the company's three-quarter report in 2023, the company's total assets were 203 million yuan, down from 238 million yuan at the end of last year. The total debt was 129 million yuan, down from 201 million yuan at the end of last year. This shows that the company has shrunk in terms of assets and liabilities. However, it is worth noting that the company's net assets reached 73.7628 million yuan at the end of the reporting period, more than double the 36.7398 million yuan at the end of last year, indicating a significant increase in the company's owners' equity.
In terms of profit, the company's operating income was 155 million yuan, up from 127 million yuan in the same period last year. However, the company's net profit was-15.9688 million yuan, which turned negative compared with 19.5449 million yuan a year earlier. This may be due to the increase in the company's operating costs, from the beginning of the year to the end of the reporting period of 146 million yuan, compared with 120 million yuan in the same period last year, affecting the company's net profit.
In terms of cash flow, the net cash flow generated by the company's operating activities was-27.999 million yuan, an increase compared with the same period last year. This may be due to the subtotal cash inflow of operating activities of 176 million yuan, an increase from 93.5563 million yuan in the same period last year, while cash outflow from operating activities totaled 204 million yuan, up from 180 million yuan in the same period last year.
To sum up, Renzhi had a complex operating performance in the third quarter of 2023. Although the company's total assets and liabilities have declined, net assets have increased significantly and operating income has also increased. However, the company's net profit turned negative, which may be due to the increase in the company's operating costs. In addition, the company's cash flow situation is also of concern, although the net cash flow generated by operating activities has increased, it is still negative.
As far as investors are concerned, they should pay close attention to the financial situation and operation of the company, especially the profit and cash flow of the company. When making investment decisions, we should comprehensively consider the financial indicators and operating conditions of the company in order to make a wise investment decision.
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.