Announcement time of this financial report: 2023-10-27 17:58:47
New Yaqiang Co., Ltd. (stock code: 603155) is a high-tech enterprise specializing in R & D, production and sales of silicone fine chemicals. The company's products mainly include silicone functional auxiliaries and phenylchlorosilane and its downstream products, which are widely used in new silicone materials, medicine, electronic chemicals, new energy and other fields. New Yaqiang Company is in a leading position in its subdivision field with its technical advantages, product quality advantages and good reputation.
According to the three-quarter report of New Yaqiang in 2023, the company's total assets are 2.549 billion yuan, down from 2.705 billion yuan at the end of last year. The total liabilities were 274 million yuan, down from 329 million yuan at the end of last year. The net asset was 2.275 billion yuan, down from 2.377 billion yuan at the end of last year. The asset-liability ratio was 10.75%, an improvement from 12.15% at the end of the previous year.
In terms of profit, New Yaqiang's operating income in the third quarter of 2023 was 536 million yuan, down from 941 million yuan in the same period last year. The operating profit was 137 million yuan, down from 307 million yuan in the same period last year. The net profit was 121 million yuan, down from 265 million yuan in the same period last year. The gross profit margin was 24.53%, down from 31.08% in the same period last year. The net interest rate was 22.56%, down from 28.15% in the same period last year. Return on equity (ROE) was 5.2 per cent, down from 11.66 per cent at the end of last year.
In terms of cash flow, the net cash flow generated by operating activities was 203 million yuan, down from 256 million yuan in the same period last year. Cash inflow from operating activities totaled 570 million yuan, down from 826 million yuan in the same period last year. Cash outflow from operating activities totaled 367 million yuan, down from 569 million yuan in the same period last year.
To sum up, the operating condition of New Yaqiang in the third quarter of 2023 has declined compared with the same period last year, and its operating income, operating profit and net profit have all decreased. However, the company's asset-liability ratio has improved, indicating a certain optimization of the company's financial structure. This is mainly due to the slowdown in downstream demand and the decline in product sales and prices.
For investors, the new Yaqiang company still has a solid technical advantage and market position in the field of silicone fine chemicals. However, due to the slowdown in downstream demand and the decline in product sales and prices, the company's operating conditions may be under pressure in the short term. When making investment decisions, investors should fully consider the market environment and the 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.