Financial report announcement time: 2023-10-25 16:17:26
Zinc Industry Co., Ltd. (stock code: 000751) is an enterprise with an important position in the non-ferrous metals industry. Its main business is non-ferrous zinc, copper smelting and deep processing products, and also comprehensively recycles valuable metals such as cadmium, indium, gold, silver, bismuth, etc., and by-products of lead, sulfuric acid, zinc sulfate, etc. With the development of China's new infrastructure and new energy industries, as well as the emphasis on carbon neutrality, demand for non-ferrous metals will continue to grow. Zinc Industry Co., Ltd. is at the forefront of the industry in terms of production capacity, scale, equipment and technical strength, and has an important position.
In terms of assets and liabilities, the total assets of Zinc Industry Co., Ltd. in the third quarter of 2023 were 8.887 billion yuan, up 8.10% from 8.222 billion yuan at the end of the previous year. Total liabilities were $5.348 billion, up 2.35% from $5.225 billion at the end of the previous year. Net assets were $3.54 billion, up 18.14% from $2,996 billion at the end of the previous year. The balance ratio was 60.17%, down from 63.56% at the end of the previous year. This shows that the size of the company's assets is expanding, while the size of debt is growing slowly, and the company's financial structure has been optimized to a certain extent.
In terms of profit, the company's revenue for the third quarter of 2023 was 13.429 billion yuan, down 4.96% from 14.13 billion yuan in the same period last year. Operating profit was 69.9011 million yuan, a significant improvement from -402,600 yuan in the same period last year. Operating costs were 12.994 billion yuan, down 5.59% from 13.763 billion yuan in the same period last year. Net profit was 485.744 million yuan, a significant increase of 8556.09% over -574,400 yuan in the same period last year. This is mainly due to the increase in market processing fees (i.e. raw material purchase price differences) for the current period of the company's products compared to the same period last year.
In terms of cash flow, the net cash flow from the company's operating activities in the third quarter of 2023 was -341 million yuan, a sharp decrease from 656 million yuan in the same period last year. The total cash inflow from operating activities was $14.763 billion, down 12.14% from $16.803 billion in the same period last year. The subtotal cash outflow from operating activities was $15.104 billion, down 6.47% from $16.147 billion in the same period last year. This indicates that the company's net cash flow from operating activities was negative, probably due to a decrease in the company's cash inflow from operating activities.
In summary, the overall operating conditions of Zinc Industry Co., Ltd. in the third quarter of 2023 were relatively good. Net profit increased sharply, and the balance ratio declined, indicating that the company's profitability and financial structure had improved. However, the company's net cash flow from operating activities was negative, which may have a certain impact on the company's daily operating activities.
For investors, although the company's net cash flow from operating activities was negative, the company's net profit increased dramatically and the balance ratio declined, indicating that the company's profitability and financial structure had improved. Therefore, investors can pay due attention to the company, but they also need to pay close attention to the company's cash flow in order to make more accurate investment decisions.
This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.