Announcement time of this financial report: 2023-10-27 18:22:31
China Wuyi Company (stock code: 000797) is a comprehensive real estate and international engineering contracting enterprise in Fujian Province. Its main business includes real estate development, international project contracting, cross-border e-commerce, property services and innovative investment. The company has strong strength in the field of international project contracting. Over the past 30 years, the company has actively participated in the “Belt and Road” construction, ranking among ENR's 250 largest international contractors in the world for 29 consecutive years.
In terms of assets and liabilities, China's Wuyi's total assets for the third quarter of 2023 were 25.185 billion yuan, up 9.95% from 22.906 billion yuan at the end of the previous year. Total liabilities were $19.744 billion, up from $17.207 billion at the end of the previous year. Net assets were 5.44 billion yuan, down from 5.699 billion yuan at the end of the previous year. The balance ratio was 78.4%, up from 75.12% at the end of the previous year.
In terms of profit, China's Wuyi revenue for the third quarter of 2023 was 4.383 billion yuan, an increase of 15.19% compared to 3.805 billion yuan in the same period last year. Operating profit was 282 million yuan, an increase of 347.18% compared to 63.1049 million yuan in the same period last year, mainly due to the year-on-year increase in project profit in Beijing's Wuyi South District. Operating costs were $3.145 billion, down from $3.488 billion in the same period last year. Net profit was 126 million yuan, an increase of 1,268.84% compared to 9.2039 million yuan in the same period last year.
In terms of cash flow, the net cash flow generated by China's Wuyi's operating activities in the third quarter of 2023 was 1.25 billion yuan, up 108.45% from 600 million yuan in the same period last year. The total cash inflow from operating activities was 7.98 billion yuan, up from 7.54 billion yuan in the same period last year. The total cash outflow from operating activities was $6.73 billion, down from $6.94 billion in the same period last year.
In summary, the overall operating conditions of China's Wuyi in the third quarter of 2023 were good. Total assets, operating income, operating profit, net profit, and net cash flow from operating activities all increased, indicating an increase in the company's operating efficiency and profitability. However, changes in net assets and balance ratio require investor attention, which may affect the company's financial stability.
For investors, China's Wuyi's overall business conditions and financial conditions are stable, and net profit has risen sharply, indicating that the company's profitability has increased. But at the same time, investors also need to pay attention to the company's balance ratio and changes in net assets, which may affect the company's financial stability. Generally speaking, investors need to comprehensively consider the company's various financial indicators and operating conditions 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.