Announcement time of this financial report: 2023-10-19 16:07:31
Jinhui Co., Ltd. (stock code: 603132) is a company engaged in non-ferrous metal mining industry, the main products are zinc concentrate and lead concentrate (silver). According to its three quarterly reports in 2023, we can see how the company is doing in a complex market environment.
First of all, we note that the total assets of Jinhui shares reached 5.625 billion yuan at the end of this reporting period, an increase compared with 5.045 billion yuan at the end of last year. However, the total debt also increased from 1.882 billion yuan at the end of last year to 2.539 billion yuan at the end of this reporting period, which means that the debt pressure of the company has increased. This is also reflected in the change in the asset-liability ratio, which at the end of the reporting period was 45.13%, up from 37.31% at the end of the previous year.
Secondly, we noticed that the company's net worth was 3.087 billion yuan at the end of the reporting period, down from 3.163 billion yuan at the end of last year. This may be related to the increase in the company's liabilities, or it may be related to the company's operating conditions in the current period. At the same time, the company's goodwill reached 968 million yuan at the end of this report, a significant increase compared with 378 million yuan at the end of last year, which may reflect the company's positive actions in M & An integration.
In terms of profitability, the gross profit margin and net profit margin of Jinhui shares have declined. The gross profit margin from the beginning of the year to the end of the reporting period was 59.11%, compared with 65.52% in the same period last year; the net profit margin was 28.96%, compared with 35.18% in the same period last year. This may be related to the overall decline in the non-ferrous metals industry and the increase in the company's operating costs. At the same time, the company's return on equity (ROE) fell from 11.37% at the end of last year to 7.82% at the end of the reporting period, which may reflect the decline in the company's profitability.
In terms of business conditions, the operating income of Jinhui shares from the beginning of the year to the end of this reporting period was 844 million yuan, down from 872 million yuan in the same period last year. At the same time, operating profit also dropped from 358 million yuan in the same period last year to 292 million yuan at the end of the reporting period. Net profit fell from 307 million yuan in the same period last year to 244 million yuan at the end of the reporting period. These data may reflect the operating pressure of the company under the changing market environment and cost pressure.
Based on the above analysis, Jinhui shares faced certain operating pressure in the third quarter of 2023, and its profitability declined, but it was positive in M & An integration and goodwill increased significantly. For investors, they need to pay close attention to the company's debt and profitability, as well as the progress of M & An integration, in order to make more accurate 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.