Announcement time of this financial report: 2023-10-27 19:18:19

Zhongfu Information (stock code: 300659) is a company whose goal is to guarantee national cybersecurity, focusing on the field of data security. The company follows the requirements of relevant laws, regulations and standards, is guided by compliance protection and practical confrontation, and is committed to expanding from a “confidential security” to a “data security” strategy. In the third quarter of 2023, the company achieved a clear business recovery trend by optimizing the organizational structure, controlling costs and expenses, and improving organizational efficiency.

In terms of assets and liabilities, as of the end of the third quarter of 2023, the company's total assets were 1,509 billion yuan, down from 1,863 billion yuan at the end of the previous year. Total liabilities were $582 million, down from $678 million at the end of the previous year. Net assets were $927 million, down from $1,186 million at the end of the previous year. The balance ratio was 38.57%, up from 36.38% at the end of the previous year.

In terms of profit, from the beginning of the year to the end of the third quarter of 2023, the company's operating income was 474 million yuan, an increase of 21.05% compared to 392 million yuan in the same period last year. The operating cost was 210 million yuan, up from 143 million yuan in the same period last year, and the growth rate was 46.92%. Gross margin was 55.73%, down from 63.53% in the same period last year. Net profit attributable to shareholders of listed companies was -266 million yuan, up from the same period last year, with an increase of 30.43%.

In terms of cash flow, from the beginning of the year to the end of the third quarter of 2023, the total cash inflow from operating activities was 543 million yuan, down from 598 million yuan in the same period last year. The total cash outflow from operating activities was $778 million, down from $1,004 billion in the same period last year. Net cash flow from operating activities was -235 million yuan, down from a loss of -406 million yuan in the same period last year, with a loss reduction rate of 42.07%.

In summary, Zhongfu Information's business conditions in the third quarter of 2023 showed a recovery trend, and operating income increased, but net profit was still negative. The balance ratio has increased, and net cash flow has declined. During the reporting period, according to the macroeconomic environment and industry development direction, the company continuously optimized products and solutions, actively expanded new customer areas, and achieved a clear business recovery trend by optimizing the organizational structure, controlling costs and expenses, and improving organizational efficiency.

For investors, although the company's net profit is still negative, the growth in operating income and the obvious trend of business recovery indicate that the company has good potential for development. Investors should comprehensively consider various factors such as the company's business conditions, industry trends, and the macroeconomic environment 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.