Announcement time of this financial report: 2023-10-27 16:54:19

Shen Fang Holdings (stock code: 000019) is an enterprise mainly engaged in wholesale and retail business, food processing and manufacturing business and leasing and business services. The company has grown into a backbone enterprise in the domestic grain industry by deepening reform to enhance endogenous power, innovative cooperation to strengthen development, and continuously upgrade governance, development quality and security capabilities.

In terms of assets and liabilities, the company's total assets in the third quarter of 2023 were 7.69 billion yuan, an increase compared with 7.441 billion yuan at the end of last year. The total liabilities amounted to 2.871 billion yuan, up from 2.609 billion yuan at the end of last year. The net asset was 4.819 billion yuan, slightly lower than the 4.832 billion yuan at the end of last year. The asset-liability ratio was 37.33%, up from 35.06% at the end of the previous year.

In terms of profit, the company's operating income in the third quarter of 2023 was 4.479 billion yuan, down from 6.365 billion yuan in the same period last year. The operating profit was 326 million yuan, which was basically the same as the 324 million yuan in the same period last year. The operating cost was 3.726 billion yuan, down from 5.566 billion yuan in the same period last year. The net profit was 274 million yuan, down from 319 million yuan in the same period last year. The gross profit margin was 16.81%, up from 12.56% in the same period last year. The net interest rate was 6.12%, up from 5.01% in the same period last year.

In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was 708 million yuan, down slightly from 739 million yuan in the same period last year. Cash inflow from operating activities totaled 5.183 billion yuan, down from 7.018 billion yuan in the same period last year. Cash outflow from operating activities totaled 4.474 billion yuan, down from 6.278 billion yuan in the same period last year.

To sum up, Shenzhen Grain Holdings increased in terms of total assets and liabilities in the third quarter of 2023, but its net assets decreased slightly. Operating income and net profit have declined, but gross profit margin and net profit margin have increased. The net cash flow from operating activities decreased slightly. These figures reflect that the company can still maintain a stable operating condition in the face of weak market demand.

For investors, Shenzhen Grain Holdings, as the backbone enterprise of the domestic grain industry, has a stable business foundation and good market prospects. Although it faces some challenges at present, the company's diversified business model and continuous reform and innovation ability make it have the ability to cope with market changes. Therefore, investors can continue to pay attention to the performance of Shen Fang Holdings and consider investment opportunities in a timely manner.

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.