Announcement time of this financial report: 2023-10-27 19:12:33

*ST Huichen (stock code: 688500) is a company that provides digital products and services with data analysis as the core. It mainly provides enterprises and government agencies with services such as business management analysis and application products based on multi-dimensional data from internal and external customers, and application solutions for industry digital analysis. The company's products and services mainly include Huichen Digital Cloud, Huichen Digital Network, etc., to meet the digital needs of customers in different fields and sizes.

In terms of assets and liabilities, *ST Huichen's total assets at the end of the third quarter of 2023 were 1,111 billion yuan, down from 1,215 billion yuan at the end of the previous year. Total liabilities were $240 million, down from $260 million at the end of the previous year. Net assets were $871 million, down from $954 million at the end of the previous year. The balance ratio was 21.58%, up from 21.44% at the end of the previous year.

In terms of profit, *ST Huichen's operating income for the third quarter of 2023 was 336 million yuan, slightly higher than the 332 million yuan for the same period last year. Operating costs were $237 million, up from $227 million in the same period last year. Gross margin was 29.64%, down from 31.55% in the same period last year. Net profit attributable to shareholders of listed companies was -41.092 million yuan, and net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was -497.597 million yuan. The main reason is that after the company's self-research projects capitalized in previous years were converted to intangible assets, expenses increased due to amortization in 2023; in addition, no self-developed projects in the reporting period met the capitalization conditions, which also had an impact on the profit comparison for the same period.

In terms of cash flow, *ST Huichen's cash inflow from operating activities in the third quarter of 2023 was a subtotal of 417 million yuan, up from 376 million yuan in the same period last year. The total cash outflow from operating activities was $454 million, up from $434 million in the same period last year. The net cash flow from operating activities was -368.953 million yuan, mainly due to an increase in cash received from the sale of goods and the provision of labor services compared to the same period last year.

In summary, *ST Huichen performed steadily in terms of balance ratio and operating income in the third quarter of 2023, but net profit was under pressure, and cash flow performance was relatively good. Investors need to pay attention to the company's future profitability and cash flow conditions, as well as the progress of the company's R&D investment and self-research projects.

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.