Announcement time of this financial report: 2023-10-27 19:19:04
Beihua Co., Ltd. (stock code: 002246) is a company engaged in the manufacturing of chemical raw materials and chemical products. Its main business includes the cellulose and derivatives industry, the chemical prevention and environmental protection industry, and the special industrial pump industry. The company maintains stability in market competition and continues to promote industrial restructuring and upgrading. It is expected that in the future, the company's cellulose and derivatives industry will maintain stable demand, the chemical prevention and environmental protection industry will be driven by increased demand in the domestic market, and the special industrial pump industry will achieve new breakthroughs in the mining metallurgy market and foreign trade business.
In terms of assets and liabilities, Beihua's total assets for the third quarter of 2023 were 4,565 billion yuan, down from 4,724 billion yuan at the end of the previous year. Total liabilities were $1,549 million, a decrease from $1,689 million at the end of the previous year. Net assets were $3,016 million, slightly lower than $3,035 billion at the end of the previous year. The balance ratio was 33.93%, down from 35.75% at the end of the previous year.
In terms of profit, Beihua Co., Ltd.'s operating income for the third quarter of 2023 was 1,481 billion yuan, down from 1.87 billion yuan in the same period last year. Operating profit was 5.746,800 yuan, a sharp drop from 84.0834 million yuan in the same period last year. Operating costs were $1,203 billion, down from $1,508 billion in the same period last year. Net profit was 9.4297 million yuan, a sharp decrease from 82.716,800 million yuan in the same period last year. Gross margin was 18.76%, down from 19.32% in the same period last year. The net interest rate was 0.64%, a sharp drop from 4.42% in the same period last year. The return on net assets (ROE) was 0.31%, a sharp decrease from 2.79% at the end of the previous year.
In terms of cash flow, the cash inflow from operating activities of Beihua Co., Ltd. in the third quarter of 2023 was a subtotal of 1.354 billion yuan, up from 1,176 billion yuan in the same period last year. The total cash outflow from operating activities was $1.67 billion, up from $1,468 million in the same period last year.
In summary, the operating conditions of Beihua Co., Ltd. in the third quarter of 2023 declined compared to the same period last year. Operating income and net profit both declined, but the balance ratio improved. In the future, the company's cellulose and derivatives industry, chemical prevention and environmental protection industry, and special industrial pump industry are expected to bring new growth points.
For investors, the decline in the performance of Beihua Co., Ltd. may have a certain impact on its stock price, but its development prospects in the cellulose and derivatives industry, the chemical prevention and environmental protection industry, and the special industrial pump industry are worth paying attention to. Investors are advised to pay close attention to changes in the company's performance and industry trends to 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.