Announcement time of this financial report: 2023-10-27 19:18:20
Ruihe Co., Ltd. (stock code: 002620) is a comprehensive specialized decoration design and engineering construction enterprise. It is also engaged in the operation of photovoltaic power plants and the construction and installation of photovoltaic projects. The company has a number of professional contracting qualifications for building decoration design and construction, general engineering contracting and special engineering, and is one of the enterprises with a complete range of qualifications in the industry. There were no major changes in the company's main business, products and uses, business model, and performance drivers during the reporting period.
In terms of assets and liabilities, at the end of the third quarter of 2023, the total assets of Ruihe Co., Ltd. were 4,551 billion yuan, down from 4.797 billion yuan at the end of the previous year. Total liabilities were $3.73 billion, down from $3,911 billion at the end of the previous year. Net assets were $821 million, down from $886 million at the end of the previous year. The balance ratio was 81.95%, up from 81.53% 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 operating income of Ruihe Co., Ltd. was 1.19 billion yuan, down from 1,669 billion yuan in the same period last year. Operating profit was -21,934,600 yuan, compared to a loss of 3,215,900 yuan in the same period last year. Operating costs were $1.02 billion, down from $1,449 million in the same period last year. Gross margin was 14.25%, up from 13.19% in the same period last year.
In terms of cash flow, from the beginning of the year to the end of the reporting period, the cash inflow from operating activities of Ruihe Co., Ltd. was a subtotal of 1,009 billion yuan, a decrease from 1.407 billion yuan in the same period last year. The total cash outflow from operating activities was $1,027 million, down from $1.54 billion in the same period last year.
In summary, Ruihe Co., Ltd. faced certain challenges in the third quarter of 2023, and both operating income and net profit declined. However, the company has actively adjusted its business strategy, optimized its business structure, strengthened cooperation with high-quality customers and projects such as central enterprises and state-owned enterprises, and consolidated business in the decoration and photovoltaic sectors. At the same time, the company is strengthening receivables collection efforts, rationally allocating human resources, strengthening cost control, and actively resolving litigation cases. Through these measures, the company has consolidated its internal management foundation, improved management efficiency, and laid the foundation for sustainable development.
For investors, although the operating conditions of Ruihe Co., Ltd. in the third quarter of 2023 are under some pressure, the company's adjustment strategy and optimization of the business structure may have a positive impact in the future. Therefore, investors should comprehensively consider various factors such as the company's business conditions, industry environment, and market competition 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.