Announcement time of this financial report: 2023-10-26 09:10:57

Tianyu Information (Stock Code: 300205) is a company specializing in the financial industry, communications industry and international business. In the direction of the financial industry, the company is mainly engaged in the R & D, production and sales of financial smart cards, digital RMB products and financial terminal products. Its customers mainly include domestic commercial banks and third-party payment institutions. In the direction of the communications industry, the company is mainly engaged in the R & D and sales of communication smart cards, Internet of things terminals, secure communication modules and Internet of things cloud series products. Its customers are mainly domestic telecom operators and vertical customers of the Internet of things. In the international business direction, the company sells smart cards, financial terminals and other products and solutions to overseas commercial banks, telecom operators and financial payment institutions. In addition, the company also provides tax business, mainly for tax-paying enterprises to provide tax control equipment, intelligent finance and taxation software and related services.

In terms of assets and liabilities, Tianyu Information's total assets in the third quarter of 2023 were 2.974 billion yuan, down 9.49 percent from 3.286 billion yuan at the end of the previous year. The total debt was 1.471 billion yuan, down 17.68% from 1.788 billion yuan at the end of last year. The net asset was 1.503 billion yuan, a slight increase compared with 1.498 billion yuan at the end of last year. The asset-liability ratio was 49.46%, down from 54.42% at the end of the previous year. These changes are mainly due to the repayment of the purchase money due and the payment of the bank acceptance bill due to maturity, as well as the actual contribution to the joint venture, the increase in the rental of office space, and the divestiture of the original holding subsidiary.

In terms of profit, the company's operating income was 1.278 billion yuan, down 3.28% from 1.321 billion yuan in the same period last year. The operating profit was 36.4001 million yuan, down 57.82% from 86.2979 million yuan in the same period last year. The operating cost was 918 million yuan, down slightly from 951 million yuan in the same period last year. The net profit was 36.4723 million yuan, down 58.41% from 87.7029 million yuan in the same period last year. These changes are mainly due to the implementation of the domestic and international dual-drive strategy, the increase in cost investment, while the intensification of industry competition leads to a decline in operating income and gross profit.

In terms of cash flow, the net cash flow generated by operating activities was-206 million yuan, down 275404.01% from 75000 yuan in the same period last year. The cash inflow from operating activities totaled 1.479 billion yuan, a slight increase compared with 1.467 billion yuan in the same period last year. Cash outflow from operating activities totaled 1.685 billion yuan, up from 1.467 billion yuan in the same period last year. These changes are mainly due to an increase in bank payments such as maturing letters of credit paid, as well as an increase in staff salaries and costs paid.

To sum up, the operating situation of Tianyu Information in the third quarter of 2023 is under certain pressure. Although the company's asset-liability ratio has declined, indicating that its solvency has improved, its operating income and net profit have declined, indicating that its profitability is under some pressure. In addition, the company's cash flow also showed a large negative value, indicating that the cash inflow of its operating activities is not enough to cover its cash outflow, which is also a point that investors need to pay attention to.

For investors, although Tianyu information has improved in the asset-liability ratio, the pressure of its profitability and cash flow can not be ignored. Therefore, when investing in Tianyu information, investors need to fully consider all aspects of their business conditions and make rational investment decisions.

This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.