Announcement time of this financial report: 2023-10-27 18:33:23
Shinichi Co., Ltd. (stock code: 603787) is an enterprise specializing in R&D, production and sales of electric two-wheelers such as electric bicycles, electric mopeds, and electric motorcycles. As one of the first-tier brand enterprises in China's electric two-wheeler industry, the company enjoys high brand influence and comprehensive strength in the market. During the reporting period, the company actively expanded international business, laid out overseas channel construction, and laid the foundation for the future development of the electric two-wheeler business in overseas markets.
In terms of assets and liabilities, Shinri Co., Ltd.'s total assets at the end of the third quarter of 2023 were 3,962 billion yuan, up 19.43% from 3,317 billion yuan at the end of the previous year. Total liabilities were $2,407 million, up from $2.159 billion at the end of the previous year. Net assets were 1,555 billion yuan, an increase of 34.42% compared to 1,158 billion yuan at the end of the previous year. The balance ratio was 60.75%, down from 65.09% at the end of the previous year.
In terms of profit, the operating income of Shinichi Co., Ltd. for the third quarter of 2023 was 3,313 billion yuan, down 19.19% from 4.1 billion yuan in the same period last year. Operating profit was 109 million yuan, down from 176 million yuan in the same period last year. Net profit was 102 million yuan, down 32.06% from 151 million yuan in the same period last year. Gross margin was 14.08%, up from 13.02% in the same period last year. The net interest rate was 3.09%, down from 3.68% in the same period last year.
In terms of cash flow, the net cash flow from operating activities of Shinri Co., Ltd. in the third quarter of 2023 was 627 million yuan, down 27.65% from 867 million yuan in the same period last year. The total cash inflow from operating activities was $3.477 billion, down from $5.23 billion in the same period last year. The total cash outflow from operating activities was $2.85 billion, down from $4.363 billion in the same period last year.
In summary, the operating conditions of Xinri Co., Ltd. in the third quarter of 2023 showed some pressure. Operating income, operating profit, and net profit all declined, but the performance in terms of assets and liabilities was relatively good. Total assets and net assets all increased, and the balance ratio declined. Furthermore, the company is actively expanding overseas markets, laying the foundation for future development.
For investors, Shinichi Co., Ltd. has maintained a steady financial position under operating pressure, and the layout of overseas markets also shows the company's long-term development strategy. Investors can keep an eye on the company's subsequent developments in order to make more accurate 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.