Announcement time of this financial report: 2023-10-27 18:40:55
Xinghua New Materials (stock code: 301077) is an enterprise focusing on the reflective materials industry. Its core product is reflective cloth, and its production technology and process are competitive in China. As one of the leading companies in the industry, Xinghua New Materials is expected to further increase its market share in the steady growth of the reflective materials market over the next few years.
In terms of assets and liabilities, at the end of the third quarter of 2023, the total assets of Xinghua New Materials were 2,055 billion yuan, an increase of 24.72% compared to 1,647 billion yuan at the end of the previous year. Total liabilities were $855 million, up 99.77% from $428 million at the end of the previous year. Net assets were 1.2 billion yuan, a slight decrease from 1,219 billion yuan at the end of the previous year. The balance ratio was 41.59%, up from 25.99% at the end of the previous year.
In terms of profit, from the beginning of the year to the end of the reporting period, the operating income of Xinghua New Materials was 516 million yuan, down from 554 million yuan in the same period last year. Operating profit was 71,5424 million yuan, a slight decrease from 74.2488 million yuan in the same period last year. Operating costs were 376 million yuan, down from 416 million yuan in the same period last year. Net profit was 63.4567 million yuan, a slight decrease from 66.86667 million yuan in the same period last year. Gross margin was 27.12%, up from 24.87% in the same period last year. The net interest rate was 12.31%, up from 12.08% in the same period last year.
In terms of cash flow, from the beginning of the year to the end of the reporting period, the net cash flow from the operating activities of Xinghua New Materials was 73.7069 million yuan, an increase of 183.71% compared to 25.9795 million yuan in the same period last year. The total cash inflow from operating activities was 586 million yuan, up from 568 million yuan in the same period last year. The total cash outflow from operating activities was $512 million, down from $542 million in the same period last year.
In summary, the overall operating conditions of Xinghua New Materials in the third quarter of 2023 were stable. Total assets and net cash flow from operating activities all increased, but operating income, operating profit, and net profit declined slightly. Despite some challenges, Xinghua New Materials maintains its leading position in the reflective materials industry and is expected to further increase its market share in the steady growth of the market over the next few years.
For investors, the financial situation and industry position of Xinghua New Materials are worth paying attention to. When making investment decisions, investors should comprehensively consider the company's financial situation, industry position, and industry trends.
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.