Announcement time of this financial report: 2023-10-27 18:40:55

Jiangsu Lianfa Textile Co., Ltd. (stock code: 002394) is a company operating in the textile industry. There have been no changes in the main business, main products, business model and main performance drivers. Facing challenges such as rising production costs and insufficient orders, the company responds to difficulties through proactive measures such as governance structure adjustments, internal collaborative governance, intelligent manufacturing investment and transformation, technological innovation and product development, market development, and brand building.

In terms of assets and liabilities, at the end of the third quarter of 2023, the company's total assets were 6.115 billion yuan, up from 5.885 billion yuan at the end of the previous year. Total liabilities were $1,913 million, a slight increase from $1,876 million at the end of the previous year. Net assets were $4.202 billion, up from $4.09 billion at the end of the previous year. The balance ratio was 31.28%, down from 31.87% at the end of the previous year.

In terms of profit, the company's operating income for the third quarter of 2023 was 3.32 billion yuan, a slight increase compared with 3.302 billion yuan in the same period last year. Operating profit was 175 million yuan, a significant increase from 65.1495 million yuan in the same period last year. The main reason was the increase in income from changes in fair value during the reporting period compared to the same period last year. Operating costs were $2,888 million, down from $2,825 billion in the same period last year. Net profit was 137 million yuan, a significant increase from 51.168 million yuan in the same period last year.

In terms of cash flow, in the third quarter of 2023, the net cash flow from the company's operating activities was 362 million yuan, down from 437 million yuan in the same period last year. Cash inflows from operating activities totaled $3,591 billion, up from $3.398 billion in the same period last year. The total cash outflow from operating activities was $3.23 billion, up from $2,961 billion in the same period last year.

In summary, the operating conditions of Lianfa Co., Ltd. in the third quarter of 2023 were generally stable, net profit increased sharply, and balance ratio declined, indicating that the company's operating efficiency had improved. However, the net cash flow from operating activities has declined, indicating that the company's cash liquidity needs to be improved.

Investors should fully consider the above factors when considering investing in MediaTek shares, while also paying attention to the company's future business strategy and changes in the market environment in order to make wise 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.