Announcement time of this financial report: 2023-10-25 18:24:35
Baiyang Co., Ltd. (stock code: 002696) is a company mainly engaged in feed and feed raw material business, aquatic product processing and biological products business, ocean fishing processing business. Through the collaborative promotion of the upstream and downstream industrial chain, the company continues to extend and improve the industrial chain, forming a pattern of coordinated development of related business. In feed and feed raw material business, the company focuses on products, technology and services, devotes itself to solving the problem of farmers, improving the efficiency of farmers, and becoming a professional aquaculture service provider.
First of all, let's take a look at Baiyang's balance sheet. According to the financial report, Baiyang shares had total assets of 2.973 billion yuan at the end of the third quarter of 2023, up from 2.89 billion yuan at the end of last year. The total liabilities were 1.444 billion yuan, up from 1.374 billion yuan at the end of last year. The company's net worth was 1.529 billion yuan, slightly higher than the 1.516 billion yuan at the end of last year. The asset-liability ratio was 48.58%, slightly higher than 47.55% at the end of last year. This shows that the debt scale and debt ratio of the company have increased.
Next, let's take a look at the company's profits. In the third quarter of 2023, Baiyang's operating income was 1.973 billion yuan, down from 2.376 billion yuan in the same period last year. Operating profit was 3.8865 million yuan, down sharply from 66.326 million yuan in the same period last year. Net profit was 12.6484 million yuan, down sharply from 66.7701 million yuan in the same period last year. The gross profit margin was 8.97%, down from 12.36% in the same period last year. The net interest rate was 0.64%, down sharply from 2.81% in the same period last year. These data show that the company's operating income and profits have declined, and profitability has weakened.
Let's take a look at the cash flow of the company. In the third quarter of 2023, the net cash flow generated by Baiyang's operating activities was 162 million yuan, significantly higher than that of 19.7953 million yuan in the same period last year. Cash inflows from operating activities totaled 2.147 billion yuan, slightly lower than 2.364 billion yuan in the same period last year. Cash outflow from operating activities totaled 1.985 billion yuan, down from 2.344 billion yuan in the same period last year. These data show that although the company's operating income and profits have declined, the net cash flow generated by its operating activities has increased significantly and the cash flow situation is better.
To sum up, Baiyang shares have some problems in the third quarter of 2023. The company's operating income and profits have declined, and its profitability has weakened. At the same time, the debt scale and debt ratio of the company have increased. However, the net cash flow generated by the company's operating activities has increased significantly, and the cash flow situation is better. This shows that although there are some problems in the operating condition of the company, its cash flow is good and has a certain ability to repay debts.
For investors, the operating status and cash flow of Baiyang shares should be concerned. When making investment decisions, investors should fully consider the operating status and cash flow of the company, as well as its impact on the future development of the company. At the same time, investors should also pay attention to the debt situation of the company to assess the solvency and risk level 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.