Announcement time of this financial report: 2023-10-17 17:17:12

Product Huaneng (Stock Code: 603071) is a company focused on the energy industry, dedicated to promoting the energy revolution and building modern energy systems. In the current situation of tight global energy supply, the product ring can actively promote the optimal combination of coal and new energy, and at the same time promote the clean utilization of coal and the release of advanced production capacity to contribute to energy security.

According to the product environmental energy report for the third quarter of 2023, its net asset was 5.866 billion yuan at the end of this report, compared with 5.421 billion yuan at the end of last year. This shows that the owner's equity of the company is increasing and the financial situation of the company is improving. At the same time, the company's asset-liability ratio was 47.48% at the end of this report, down from 52.72% at the end of the previous year, indicating that the debt pressure of the company is reducing and the financial risk is decreasing.

In terms of profitability, the company's gross margin was 5.38% from the beginning of the year to the end of the reporting period, up from 4.15% in the same period last year, indicating that the company's profitability is increasing. The net interest rate was 2.8% from the beginning of the year to the end of the reporting period, up from 2.04% in the same period last year, further proof that the company's profitability is improving. Net profit from the beginning of the year to the end of the reporting period was 918 million yuan, an increase from 865 million yuan in the same period last year, indicating that the company's operating efficiency is improving.

However, the company's return on assets (ROE) was 16.27% at the end of this report, down from 17.86% at the end of the previous year, indicating that the company's asset use efficiency has decreased. This may be related to the company's total assets of 112 billion yuan at the end of the reporting period, down from 115 billion yuan at the end of the previous year.

In addition, the company's reputation at the end of this report was 170 million yuan, the same as the 170 million yuan at the end of last year, indicating that the company has not made any new moves in mergers and acquisitions.

Taken together, the product ring energy 2023 quarterly report shows that the company's net assets are growing, asset-liability ratio is declining, profitability is improving, but the efficiency of asset use has decreased. For investors, they can appropriately pay attention to the follow-up development of product environmental energy, but they also need to pay attention to the changes in the efficiency of the use of their assets.

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.