Announcement time of this financial report: 2023-10-27 19:57:42

Liansheng Chemical (stock code: 301212) is a company focusing on the fine chemical industry, mainly involved in the manufacture of chemical raw materials and other specialty chemical products in the chemical manufacturing industry. Although global economic growth in the first half of 2023 was affected by macro factors and the chemical raw materials and chemical products manufacturing market performance was weak, Liansheng Chemical still benefited from the development of the industry and the growth in demand because fine chemical products play an important role in the high-tech industry and advanced manufacturing industry.

In terms of assets and liabilities, Liansheng Chemical's total assets for the third quarter of 2023 were 1,667 million yuan, a slight increase from 1,649 million yuan at the end of the previous year. Total liabilities were $293 million, down from $304 million at the end of the previous year. Net assets reached 1,374 million yuan, up from 1,345 million yuan at the end of the previous year. The balance ratio was 17.57%, down from 18.41% at the end of the previous year.

In terms of profit, Liansheng Chemical's operating revenue for the third quarter of 2023 was 516 million yuan, down from 775 million yuan in the same period last year. Operating profit was 804.26,700 yuan, down from 173 million yuan in the same period last year. Operating costs were 410 million yuan, down from 587 million yuan in the same period last year. Net profit was 68.5566 million yuan, down from 147 million yuan in the same period last year.

In terms of cash flow, net cash flow from operating activities was $161 million, a significant increase from $158.638 million in the same period last year. The total cash inflow from operating activities was $672 million, down from $712 million in the same period last year. The total cash outflow from operating activities was $511 million, down from $697 million in the same period last year.

In summary, there were some fluctuations in Liansheng Chemical's business conditions in the third quarter of 2023. Despite steady performance in terms of assets and liabilities, in terms of profit, product gross margin declined due to a decline in sales volume and sales prices of major products. At the same time, exchange income, operating profit, and net profit declined sharply compared to the same period last year, resulting in a decline in operating income, operating profit, and net profit. However, it is worth noting that the company's net cash flow increased significantly, which may be due to a decrease in the scale of procurement in the current period and a decrease in payment for goods.

For investors, although Liansheng Chemical's profit declined in the third quarter of 2023, the sharp increase in its cash flow may indicate the company's future development potential. At the same time, as a participant in the fine chemical industry, Liansheng Chemical will continue to benefit from the development of the industry and the increase in demand. Therefore, investors should comprehensively consider the company's various financial indicators and industry trends when making 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.