Announcement time of this financial report: 2023-10-27 19:51:28
Libretech Libretech (stock code: 688056) is a high-tech enterprise specializing in R&D, production and sales of experimental analytical instruments. Its products cover environmental monitoring, food testing, medical pharmaceuticals, geological surveys and other fields. In recent years, the company has focused on experimental analytical instrument development and production systems in the fields of food testing, environmental monitoring, agricultural product testing, commodity quality inspection, etc., and also covers key national development fields such as semiconductor testing, drug quality testing, new drug development, new material research, nuclide separation, medical diagnosis, disease control, and life science.
In terms of assets and liabilities, at the end of the reporting period, the company's total assets were 993 million yuan, up from 962 million yuan at the end of the previous year. Total liabilities were $144 million, up slightly from $135 million at the end of the previous year. Net assets were $849 million, up from $827 million at the end of the previous year. The balance ratio was 14.47%, slightly higher than 14.02% at the end of the previous year.
In terms of profit, from the beginning of the year to the end of the reporting period, the company's operating income was 300 million yuan, up 20.45% from 249 million yuan in the same period last year. Operating profit was 26.393 million yuan, down from 388.454 million yuan in the same period last year. Net profit was 266.67 million yuan, down 22.77% from 34.5225 million yuan in the same period last year. Gross margin was 44.57%, down from 48.95% in the same period last year. The net interest rate was 8.89%, down from 13.86% in the same period last year.
In terms of cash flow, from the beginning of the year to the end of the reporting period, net cash flow from operating activities was 157.671 million yuan, a significant improvement from -15.2855 million yuan in the same period last year. Cash inflows from operating activities totaled $341 million, up from $289 million in the same period last year. The total cash outflow from operating activities was $326 million, up from $305 million in the same period last year.
In summary, Libretech's overall operating conditions in the third quarter of 2023 were stable. Both operating income and net cash flow increased, but net profit and gross margin both declined. This is mainly due to overall market demand falling short of expectations, increased competition, and an increase in depreciation and property-related expenses after investing in new production sites, leading to a decline in gross margin; additional key R&D projects have increased investment in R&D personnel and materials; and investment in marketing and marketing expenses for new products has also increased compared to the same period last year.
For investors, Libretech's growth in revenue and cash flow indicates that the company's operating activities still have good cash income, but the decline in net profit requires investors' attention. At the same time, the company's increase in R&D investment shows that the company attaches importance to product innovation and technology research and development, which has a positive effect on the company's long-term development.
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