Announcement time of this financial report: 2023-10-28 00:10:13
Xinchai Co., Ltd. (stock code: 301032) is an enterprise focusing on R&D, production and sales of off-road diesel engines and related parts. The company's product serialization, production specialization, and management standardization have made it one of the important manufacturers and sellers in the domestic non-road diesel engine field. The company mainly targets construction machinery and agricultural machinery customers. By signing contracts with major customers, the company organizes raw material procurement and product manufacturing based on customer needs to achieve product sales and profit acquisition.
In terms of assets and liabilities, the total assets of Xinchai Co., Ltd. in the third quarter of 2023 were 2,738 billion yuan, up 14.14% from 2,399 billion yuan at the end of the previous year. Total liabilities were $1.66 billion, up 25.76% from $1.32 billion at the end of the previous year. The net assets were 1,078 million yuan, which is basically the same as the 1,079 million yuan at the end of the previous year. The balance ratio was 60.63%, up from 55.01% at the end of the previous year.
In terms of profit, the operating income of Xinchai Co., Ltd. for the third quarter of 2023 was 1.83 billion yuan, up 13.21% from 1,617 million yuan in the same period last year. Operating profit was -3,822,100 yuan, compared to 351,900 yuan for the same period last year. Operating costs were $1,674 million, up 13.26% from $1,478 million in the same period last year. Net profit was 3,714,300 yuan, down 51.74% from 7.6957 million yuan in the same period last year. This is mainly due to a combination of factors such as the increase in credit impairment losses in the current period and the decline in asset disposal income.
In terms of cash flow, the net cash flow from operating activities of Xinchai Co., Ltd. in the third quarter of 2023 was -184 million yuan, down 353.95% from 72.2875 million yuan in the same period last year. This is mainly due to the reduction in cash received for the sale of products in the current period.
In summary, Xinchai Co., Ltd. performed well in terms of total assets and operating income in the third quarter of 2023, but is under pressure in terms of net profit and cash flow. The development of the company's industry is affected by national policies and market demand. With the support of national infrastructure projects and agricultural policies, the downstream construction machinery and agricultural machinery markets will have good prospects for development. The company drives the growth of the company's performance through continuous improvement of product quality and technological innovation capabilities, and cooperation with external technical teams and universities.
For investors, the financial situation and performance of Xinchai Co., Ltd. are worth paying attention to. When considering investing in Xinchai shares, investors should fully consider factors such as the company's performance, industry prospects, and the company's technological innovation capabilities, and make rational 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.