Announcement time of this financial report: 2023-10-27 22:10:59

Delis (stock code: 002330) is a food processing enterprise dedicated to providing consumers with safe, nutritious, healthy and convenient food. With the deep processing of meat products as the core, it has gradually expanded into the fine processing of beef products and the prepared vegetables industry. Delis pioneered innovative products such as low-temperature meat products, deacidified, detoxified, cooled meat, and fermented ham, and continuously promoted the high-quality development of the domestic meat products industry.

In terms of assets and liabilities, at the end of the third quarter of 2023, Delis's total assets were 3.343 billion yuan, down from 3.47 billion yuan at the end of the previous year. Total liabilities were $929 million, down from $1,075 million at the end of the previous year. Net assets were $2,415 million, slightly higher than $2,395 million at the end of the previous year. The balance ratio was 27.77%, down from 30.97% at the end of the previous year.

In terms of profit, Delis' operating revenue for the third quarter of 2023 was 2,313 billion yuan, up from 1,958 billion yuan in the same period last year. Operating profit was RMB 22.1793 million, down from RMB 53.421,800 in the same period last year. Operating costs were $2.12 billion, up from $1,778 million in the same period last year. Net profit was 196814 million yuan, down from 44.7405 million yuan in the same period last year.

In terms of cash flow, Delis' operating cash inflow for the third quarter of 2023 was $2,223 billion, up from $1,969 billion in the same period last year. Cash outflow from operating activities was $2,314 million, up from $2,223 million in the same period last year.

In summary, Delice's performance in terms of assets and liabilities in the third quarter of 2023 was steady, and the balance ratio declined. In terms of profit, although operating income has increased, both operating profit and net profit have declined. In terms of cash flow, cash inflows from operating activities have increased, but so have cash outflows.

For investors, Delis's prepared food industry is its key development area. The size of the prepared food market continues to grow. It is expected to reach 510 billion yuan in 2023 and 1072 billion yuan in 2026. Delis will promote the development of the prepared food industry through standardization, scale and diversification of demand, and actively explore the B-side and C-side markets to accelerate brand development and market growth. The precooked vegetables industry is still in a period of rapid increase in penetration. Competition is fierce, but there are opportunities for differentiated competition. Therefore, investors can pay attention to Delis's development in the prepared vegetables industry as a reference for 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.