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【BT财报瞬析】南京港2023三季报:稳健经营之下的资产增长与利润挑战

[BT Financial Report Instantaneous Analysis] Nanjing Port 2023 Three-Quarter Report: Asset Growth and Profit Challenges Under Steady Management

businesstimes cn ·  Nov 9, 2023 11:15

Nanjing Port Co., Ltd. (stock code: 002040), as a listed company with a certain market share and influence in the field of oil liquefaction and container services, shows the company's financial situation under a stable business situation in its 2023 three-quarter report. The company's main business covers a series of services such as handling and warehousing services for crude oil, refined oil products, liquid chemical products and general goods, as well as container storage and transportation. With superior geographical conditions and an intensive route network, the Nanjing Port Company achieved growth in business volume during the reporting period.

Judging from the balance sheet, as of the end of the third quarter of 2023, the total assets of Nanjing Port reached 4.857 billion yuan, an increase of 2.13% compared to 4.756 billion yuan at the end of the previous year. This increase indicates that the company has maintained an expansionary trend in terms of asset size. Total liabilities were $1,122 million, up slightly from $1,088 million at the end of the previous year, but the balance ratio rose slightly from 22.88% to 23.1%, indicating the stability of the company's financial structure. Net assets increased by 1.83% to 3.735 billion yuan at the end of the previous year to 3.735 billion yuan, reflecting a steady increase in the company's shareholders' equity.

In terms of profit statements, although the operating income and net profit of Nanjing Port in the third quarter of 2023 declined compared to the same period last year, the company maintained business stability. During the reporting period, operating income was 678 million yuan, a slight increase from 666 million yuan in the same period last year, or 1.73%. However, the increase in operating costs rose from 349 million yuan to 369 million yuan, resulting in gross margin falling from 47.62% to 45.52%. Net profit was 143 million yuan, down 10.37% from the previous year. This decline may be related to factors such as increased operating costs and market competition. In addition, net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses also declined by 4.67%.

The cash flow statement shows that net cash flow from operating activities was 160 million yuan, an increase of 6.25% over 150 million yuan in the same period last year. This shows that the company's cash inflows from operating activities have increased, reflecting good cash flow management.

In summary, the overall operating conditions of Nanjing Port in the third quarter of 2023 were steady, and the growth in asset size and positive cash flow provided a solid foundation for the company's future development. However, declining profits and rising costs also suggest challenges that companies may face in market competition and cost control.

For investors, Nanjing Port's financial report shows steady asset growth and good cash flow conditions, but they should also pay attention to the declining trend of its profits. Investment decisions should take into account a company's market position, industry trends, and management's ability to control costs and develop markets. On this basis, investors can more comprehensively evaluate the investment value and potential risks of Nanjing Port.

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.

The translation is provided by third-party software.


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