Announcement time of this financial report: 2023-10-27 17:59:11

ST start Co., Ltd. (stock code: 603557) was founded in 2009, specializing in the design, R & D, production and sales of children's shoes, children's clothing and children's clothing accessories. The company's main business is mainly for children aged 3-13 years old, and its products are located in the middle market. The company adopts a vertically integrated business model, from commodity planning, design and development, organization and production to sales and other links to achieve the control of the industrial chain.

In terms of assets and liabilities, the company's total assets at the end of this report were 1.379 billion yuan, down from 1.636 billion yuan at the end of the previous year. The total liabilities were 959 million yuan, slightly higher than the 937 million yuan at the end of last year. The net asset was 420 million yuan, down from 699 million yuan at the end of last year. The asset-liability ratio was 69.57%, up from 57.29% at the end of the previous year.

In terms of profit, the operating income from the beginning of the year to the end of the reporting period was 213 million yuan, down 36.08% from 333 million yuan in the same period last year. The operating cost was 146 million yuan, down from 221 million yuan in the same period last year. Gross profit margin was 31.25%, down from 33.59% in the same period last year. The net profit belonging to the shareholders of the listed company is-282 million yuan.

In terms of cash flow, the net cash flow generated by operating activities from the beginning of the year to the end of the reporting period was-31.556 million yuan, down 405.34% from 10.3347 million yuan in the same period last year. Cash inflow from operating activities totaled 302 million yuan, down from 431 million yuan in the same period last year. Cash outflow from operating activities totaled 333 million yuan, up from 421 million yuan in the same period last year.

To sum up, ST faced some challenges in the third quarter of 2023. The company's operating income and net profit have declined, mainly due to financial constraints and reduced operational efficiency. At the same time, the net cash flow generated by the company's operating activities also decreased.

For investors, although there are some problems in the operation of ST during the reporting period, the company still has a certain competitive advantage. The company has a rich product line, clear market positioning, and has rich experience in commodity planning and product research and development. However, investors should also pay attention to the company's cash crunch and the decline in operating income and net profit, which may have an impact on the company's future development.

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.