Announcement time of this financial report: 2023-10-25 17:21:04

Huaxiang (Stock Code: 603112) is a company specializing in the R & D, production and sales of customized metal parts. The company has a comprehensive service system, including casting technology, machining technology, painting process and pig iron smelting, etc., with batch production capacity, the products are mainly used in white goods, construction machinery and auto parts and other fields.

In terms of assets and liabilities, the total assets of Huaxiang shares in the third quarter of 2023 were 5.039 billion yuan, down slightly from 5.1 billion yuan at the end of last year, with a change of-1.2%. The total liabilities were 2.304 billion yuan, down from 2.561 billion yuan at the end of last year. The net asset was 2.735 billion yuan, an increase compared with 2.539 billion yuan at the end of last year. The asset-liability ratio is 45.73%, down from 50.21% at the end of last year, indicating that the company's debt situation has improved.

In terms of profit, Huaxiang's operating income in the third quarter of 2023 was 2.353 billion yuan, down from 2.498 billion yuan in the same period last year, with a change of-5.78%. In addition, the company's gross profit margin and net profit margin were 24.72% and 11.36% respectively, up from 18.47% and 9.42% in the same period last year.

In terms of cash flow, the net cash flow generated by the operating activities of Huaxiang shares in the third quarter of 2023 was 225 million yuan, an increase of 1628.66% compared with 12.9949 million yuan in the same period last year, mainly due to the increase in cash flow of goods in stock in the current period. The subtotal cash inflow from operating activities was 1.568 billion yuan, and the cash outflow from operating activities was 1.344 billion yuan.

To sum up, the operating condition of Huaxiang shares in the third quarter of 2023 is generally stable. Although operating income has declined, the significant growth in net profit and cash flow shows that the company's profitability and cash flow situation have improved. In the face of market changes, the company can achieve profit growth by improving the sales volume and profitability of the main business.

For investors, Huaxiang shares have stable operating conditions and good profitability, so they are worthy of attention. However, investors also need to pay attention to the decline in the company's operating revenue and the impact of the market environment on the company's performance. It is suggested that investors make investment decisions after comprehensively considering the company's operating conditions, profitability and market environment.

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.