Announcement time of this financial report: 2023-10-27 18:16:53

Zhuojin Co., Ltd. (stock code: 688701) is a company mainly engaged in comprehensive environmental management services and environmental product sales and service. The company's industry is ecological protection and environmental management, a strategic emerging industry with long-term growth potential. The development of the environmental protection industry is driven by the need to improve and control environmental pollution problems, as well as policy guidance and legal management. As people's environmental awareness increases and policy standards improve, the environmental protection industry will maintain a long-term trend of continuous growth.

In terms of assets and liabilities, the total assets of Zhuojin Co., Ltd. in the third quarter of 2023 were 733 million yuan, down from 766 million yuan at the end of the previous year. Total liabilities were $389 million, up from $364 million at the end of the previous year. Net assets were $344 million, down from $402 million at the end of the previous year. The balance ratio was 53.09%, up from 47.52% 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 Zhuojin Co., Ltd. was 273 million yuan, up from 179 million yuan in the same period last year. Operating costs were 237 million yuan, up from 143 million yuan in the same period last year. Gross margin was 13.24%, down from 19.85% in the same period last year. Net profit attributable to shareholders of listed companies was -580.71 million yuan.

In terms of cash flow, from the beginning of the year to the end of the reporting period, the total cash inflow from operating activities was $182 million, up from $159 million in the same period last year. The total cash outflow from operating activities was $277 million, down from $286 million in the same period last year. The net cash flow from operating activities was -95245,800 yuan.

In summary, the operating conditions of Zhuojin Co., Ltd. in the third quarter of 2023 were generally stable. The company's operating income and cash inflow from operating activities have both increased, indicating that the company's business is developing well. However, there was a loss in the company's net profit and gross margin declined. This may be due to a decline in the overall gross margin level of the company's main business compared to the same period last year. At the same time, some of the company's accounts receivable increased and prepared for impairment.

For investors, Zhuojin Co., Ltd. has great potential for development as a member of the environmental protection industry. However, given the company's current financial situation, investors should be cautious when investing and pay close attention to the company's operating conditions and industry trends.

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