Announcement time of this financial report: 2023-10-27 16:36:08
Chlor-alkali chemical industry (stock code: 600618) is an important operator in China's chlor-alkali industry. According to the data of China Chlor-Alkali Industry Association, the number and production capacity of domestic caustic soda enterprises increased in the first half of 2023, and the number and production capacity of PVC enterprises also showed an increasing trend. However, both the caustic soda market and the PVC market were moderate in the first half of 2023, with frequent price fluctuations but limited overall amplitude.
In terms of assets and liabilities, the total assets of chlor-alkali chemical industry reached 12.12 billion yuan at the end of this reporting period, an increase compared with 11.171 billion yuan at the end of last year. The total liabilities at the end of the reporting period were 3.746 billion yuan, up from 2.889 billion yuan at the end of the previous year. The net assets at the end of this reporting period were 8.375 billion yuan, slightly higher than the 8.282 billion yuan at the end of last year. The asset-liability ratio was 30.91% at the end of the reporting period, up from 25.86% at the end of the previous year.
In terms of profit, the operating income of chlor-alkali chemical industry from the beginning of the year to the end of this reporting period was 5.273 billion yuan, slightly higher than the 4.976 billion yuan in the same period last year. However, operating profit from the beginning of the year to the end of the reporting period was 588 million yuan, down from 1.256 billion yuan in the same period last year. The operating cost from the beginning of the year to the end of this reporting period was 4.458 billion yuan, an increase from 3.675 billion yuan in the same period last year. Net profit from the beginning of the year to the end of this reporting period was 516 million yuan, down from 1.129 billion yuan in the same period last year.
In terms of cash flow, the net cash flow from operating activities was 452 million yuan from the beginning of the year to the end of the reporting period, down from 1.161 billion yuan in the same period last year. The subtotal cash inflow from operating activities was 5.12 billion yuan from the beginning of the year to the end of the reporting period, an increase from 4.595 billion yuan in the same period last year. The subtotal cash outflow from operating activities was 4.668 billion yuan from the beginning of the year to the end of the reporting period, an increase from 3.434 billion yuan in the same period last year.
To sum up, chlor-alkali chemical industry faces some market challenges in the third quarter of 2023, such as the fluctuation of market prices of caustic soda and PVC, as well as the commissioning of new production capacity. These factors affect the company's operating income and profits, but the company's total assets and cash flow remain robust. Although the company's debt and operating costs have increased, the company's overall operating condition remains sound.
For investors, although the chlor-alkali chemical industry faces some challenges in the third quarter of 2023, the company's overall operation is still sound and has a certain investment value. It is suggested that when considering investment, investors should fully consider the market environment and the operating conditions of the company, and make wise 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.