Announcement time of this financial report: 2023-10-27 18:50:56
Yuancheng Co., Ltd. (stock code: 603388) is a comprehensive service provider with an integrated industrial chain. It is mainly engaged in planning, design and construction in the fields of ecological landscape, green environmental protection, and leisure tourism. Through acquisitions and mergers and acquisitions, the company further lays out the fields of leisure tourism and semiconductors, accelerates business transformation and upgrading, and explores multi-dimensional profit models.
In terms of assets and liabilities, the total assets of Yuancheng Co., Ltd. at the end of the third quarter of 2023 were 3.56 billion yuan, up from 3,449 billion yuan at the end of the previous year. Total liabilities were $1,887 million, up from $1,812 million at the end of the previous year. The company's net assets were $1,663 million, a slight increase from $1,637 million at the end of the previous year. The balance ratio was 53.28%, up from 52.53% at the end of the previous year.
In terms of profit, the operating income of Yuancheng Co., Ltd. for the third quarter of 2023 was 283 million yuan, down from 336 million yuan in the same period last year. Operating profit was 13.38 million yuan, down from 33.9946 million yuan in the same period last year. Operating costs were $216 million, down from $239 million in the same period last year. Net profit was 6.691 million yuan, down from 31.1268 million yuan in the same period last year.
In terms of cash flow, the cash inflow from operating activities of Yuancheng Co., Ltd. in the third quarter of 2023 was a subtotal of 372 million yuan, down from 385 million yuan in the same period last year. The total cash outflow from operating activities was $434 million, up from $413 million in the same period last year.
In summary, Yuancheng Co., Ltd. is facing certain challenges in the process of business transformation and upgrading. The company's operating income and net profit both declined, but its performance in terms of assets and liabilities was stable. The company is seeking new business growth points, such as entering the semiconductor equipment field, with a view to seeking new growth opportunities in a favorable industry environment.
For investors, Yuancheng Co., Ltd.'s business transformation and upgrading and multi-dimensional profit model exploration are worth paying attention to. At the same time, investors also need to pay attention to the company's financial situation and the company's development in new business areas.
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