Announcement time of this financial report: 2023-10-23 18:51:13

Qingshan Paper (stock code: 600103) is a comprehensive state-owned listed company, founded more than 60 years ago, initially as a pulp and paper enterprise. After years of development, the company has developed into an enterprise integrating pulping, papermaking, power generation and heating, alkali recovery, medicine, optoelectronics and raw material forest base development. The company's leading products are "Qingshan" series of stretch paper bag paper, Kraft wrapping paper, dissolved pulp and other products, in which paper bag paper is rated as the champion of the manufacturing industry, and its market share ranks first in the country. The company's development layout to "green paper, ingenuity pharmaceutical" as a two-wheel drive, committed to high-quality development. The company's products are sold all over the country and in the international market.

In terms of assets and liabilities, Castle Peak Paper's total assets at the end of the third quarter of 2023 were 5.819 billion yuan, down slightly from 5.824 billion yuan at the end of the previous year. The total liabilities were 1.664 billion yuan, a slight increase compared with 1.66 billion yuan at the end of last year. The net asset was 4.155 billion yuan, slightly lower than the 4.164 billion yuan at the end of last year. The asset-liability ratio was 28.59%, a slight increase compared with 28.5% at the end of the previous year.

In terms of profit, the operating income of Castle Peak Paper in the third quarter of 2023 was 1.907 billion yuan, compared with 2.287 billion yuan in the same period last year. The operating profit was 118 million yuan, down from 247 million yuan in the same period last year. The net profit was 103 million yuan, down from 191 million yuan in the same period last year. This is mainly due to the decline in sales and prices of the company's leading products compared with the same period last year, resulting in a decrease in product gross margin.

In terms of cash flow, the net cash flow generated by Qingshan Paper's operating activities in the third quarter of 2023 was 107 million yuan, compared with 300 million yuan in the same period last year. This is mainly due to the decrease in the company's revenue and the decrease in the amount of goods sold compared with the same period last year.

Overall, the operating situation of Castle Peak Paper in the third quarter of 2023 has declined compared with the same period last year, mainly reflected in operating income, operating profit, net profit and cash flow. This is mainly due to the decline in sales and prices of the company's leading products compared with the same period last year, resulting in a decrease in product gross margin.

For investors, the financial situation of Castle Peak Paper in the third quarter of 2023 shows that the company is facing some operating pressure. Although the company has a high reputation and market position in the pulp and paper industry, the decline in product sales and prices has affected the profitability of the company. Therefore, when investors invest in Qingshan Paper, they need to have an in-depth understanding and analysis of the company's operating conditions and industry trends.

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.