The company's operating income was 897418309.97 yuan, down 11.28 percent from 1011491766.78 yuan in the same period last year, according to the 2023 China report. This indicates that the company's business scale has shrunk during the reporting period.
At the same time, the net profit attributed to shareholders of listed companies was-11839064.69 yuan, down 128.52% from 41508643.36 yuan in the same period last year. This means that the company's profitability declined during the reporting period. Further, the net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was-15544116.48 yuan, down 137.34 percent from 41633110.98 yuan in the same period last year.
In 2023, the downward pressure on the pesticide market will increase, and the market cooling trend will be highlighted. High global inflation, increased risk of economic recession, increased uncertainty in international trade, reduced overseas demand, prolonged deposting cycle of domestic and foreign pesticide markets, and slowed down the growth rate of pesticide demand. At the same time, the new and expanded production capacity of domestic pesticides has been put on the market, the supply of products tends to be loose, the purchasing side has a strong wait-and-see mood, the prices of most pesticide products are lack of support, and the pesticide market has fallen back as a whole. Since the second quarter of this year, with the slow digestion of demand-side inventory, pesticide market prices have stabilized at a low level. BT Finance believes that it is not easy for the company to maintain its current income level in this context.
However, it is worth noting that the net cash flow generated by operating activities was-15017086.90 yuan, an increase of 89.51% compared with-143203483.60 yuan in the same period last year. This is mainly due to the decrease in cash payments for the purchase of goods during the reporting period.
From the perspective of the company's assets, the total assets at the end of the reporting period were 3427417492.87 yuan, down 3.09% from 3536777640.77 yuan at the end of the previous year. At the same time, the net assets belonging to shareholders of listed companies were 1653074705.52 yuan, down 1.55% from 1679175934.15 yuan at the end of last year. It shows that the company still ensures the stability of assets in this state, which is a positive signal.
Further, current assets totaled 1454542778.71 yuan, down from 1668184086.58 yuan at the beginning of the year. Non-current assets totaled 1972874714.16 yuan, up from 1868593554.19 yuan at the beginning of the year. This shows that the asset structure of the company has changed to a certain extent, and the proportion of non-current assets has increased.
In terms of liabilities, current liabilities totaled 1532786336.32 yuan, down from 1571265710.77 yuan at the beginning of the year. Non-current liabilities totaled 241556451.03 yuan, down from 286335995.85 yuan at the beginning of the year. This shows that the debt scale of the company has been reduced and the debt structure has been optimized.
According to the cash flow statement, the net cash flow generated by investment activities is-120041520.75 yuan, which is higher than that of-116332741.27 yuan in the same period last year. The net cash flow generated by fund-raising activities was 111496193.85 yuan, down from 138490048.71 yuan in the same period last year.
Generally speaking, the operating income and net profit of the Central Peasant Union in 2023 have declined, but the net cash flow generated by operating activities has increased significantly, the scale of assets and liabilities has been reduced, and the liability structure has been optimized. Although the company's profitability has declined, the improvement in cash flow and the optimization of debt structure indicate that the company's operating conditions have improved. Therefore, when considering investing in the alliance of middle farmers, investors should comprehensively consider the company's profitability, cash flow and assets and liabilities, 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.