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

Infineon (stock code: 002528) is a new smart city construction and operation service provider with human connectivity as the core characteristic strategy. The company's business portfolio strategy includes one main business and four business segments, covering the fields of digitalization, intelligence and digital marketing. The company mainly engages in software and information technology services, focusing on smart city segmentation planning, software and hardware supply, construction and operation services.

In terms of assets and liabilities, Infineto's total assets for the third quarter of 2023 were 3,299 billion yuan, down from 4,479 billion yuan at the end of the previous year. Total liabilities were $2.43 billion, a decrease from $3,244 billion at the end of the previous year. The company's net assets were $870 million, down from $1,335 million at the end of the previous year. The balance ratio was 73.64%, up from 72.43% at the end of the previous year.

In terms of profit, Infineto's operating income for the third quarter of 2023 was 987 million yuan, down from 1,296 million yuan in the same period last year. Operating costs were $813 million, down from $1,124 million in the same period last year. Gross margin was 17.64%, up from 13.31% in the same period last year. Net profit attributable to shareholders of listed companies was -375 million yuan, down from the same period last year.

In terms of cash flow, Infineto's net cash flow from operating activities in the third quarter of 2023 was $283 million, a significant increase from -57.1596 million yuan in the same period last year. Cash inflows from operating activities totaled $1,979 billion, up from $1,909 million in the same period last year. The total cash outflow from operating activities was $1,695 million, down from $1,867 million in the same period last year.

In summary, Infineto's operating conditions in the third quarter of 2023 present some challenges. Despite a slight increase in the company's balance ratio, overall assets and liabilities have declined. Both operating income and net profit declined, but gross margin increased, showing the company's efforts to control costs. Notably, the company's net cash flow increased significantly, indicating an improvement in the company's cash inflow from operating activities.

For investors, Infineto's financial situation requires close attention. Although the company has achieved some results in controlling costs and improving cash flow, the decline in operating income and net profit may have an impact on the company's long-term development. Investors need to pay attention to the company's future business development strategies and market dynamics in order to make informed investment decisions.

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