Announcement time of this financial report: 2023-10-25 16:20:02
Zhizheng Stock (Stock Code: 603991) is a company specializing in polymer materials for cables and semiconductor special equipment business. In the third quarter of 2023, the company's operating condition showed obvious changes, with a substantial increase in total assets and operating income, but net profit was under pressure.
First of all, in terms of assets and liabilities, the total assets of Zhizheng shares reached 605 million yuan at the end of the reporting period, an increase of 50.09% compared with 403 million yuan at the end of the previous year. This is mainly due to the total assets of the company's newly merged subsidiary Suzhou Orange Cloud. The total liabilities at the end of the reporting period were 290 million yuan, an increase compared with 103 million yuan at the end of the previous year. The net assets at the end of this reporting period were 315 million yuan, slightly higher than the 301 million yuan at the end of last year. The asset-liability ratio was 47.94% at the end of the reporting period, up from 25.44% at the end of the previous year.
Secondly, in terms of profits, the operating income of Zhizheng shares reached 153 million yuan from the beginning of the year to the end of the reporting period, an increase of 108.61% compared with 73.2296 million yuan in the same period last year. The increase is mainly due to a significant increase in sales of polymer materials for cables compared with the same period last year and the operating income of the newly merged subsidiary Suzhou Orange Yun. However, the net profit belonging to the shareholders of the listed company was-14.0941 million yuan from the beginning of the year to the end of the reporting period, mainly due to the increase in the provision for bad debts in accounts receivable and the increase in financial expenses caused by borrowing from the controlling shareholders.
Thirdly, in terms of cash flow, the cash inflow from operating activities totaled 87.4727 million yuan from the beginning of the year to the end of the reporting period, an increase compared with 40.5252 million yuan in the same period last year. The subtotal cash outflow from operating activities was 106 million yuan from the beginning of the year to the end of the reporting period, an increase compared with 60.4359 million yuan in the same period last year. The net cash flow generated by operating activities is-18.2904 million yuan.
To sum up, the operating situation of Zhizheng shares showed obvious changes in the third quarter of 2023. The company's total assets and operating income have increased significantly, indicating that the company's operating scale is expanding and its business capacity is improving. However, the decline in net profit and the increase in asset-liability ratio show that there is some pressure on the company's profitability and financial structure.
For investors, the performance of Zhizheng shares is worthy of attention. The sharp increase in the company's total assets and operating income shows the company's development potential, but the decline in net profit and the rise in asset-liability ratio also need investors to be vigilant. It is suggested that when considering investing in Zhizheng shares, investors should comprehensively consider the operating indicators of the company and make rational investment decisions.
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.