Announcement time of this financial report: 2023-10-23 18:17:54
Henghui Security (Stock Code: 300952) is an enterprise specializing in individual protective equipment, and its main products are functional safety protective gloves with dual protective structure. The company has made a breakthrough in the strategic new material industry, realizing the mass production and sale of ultra-high molecular weight polyethylene fiber and its composite fiber. Personal protective equipment is a necessary equipment to protect the safety and health of workers in the production process, and plays an important role in protecting the life safety of workers. With the development of national economy and increasing attention to production safety and labor protection, the scale of individual protective equipment industry is growing.
In terms of assets and liabilities, Henghui Security's total assets in the third quarter of 2023 were 1.767 billion yuan, an increase of 16.9 percent from 1.512 billion yuan at the end of last year. The total debt was 625 million yuan, an increase of 40.54% compared with 444 million yuan at the end of last year. The net asset was 1.142 billion yuan, an increase of 6.92% compared with 1.068 billion yuan at the end of last year. The asset-liability ratio was 35.37%, up from 29.37% at the end of the previous year. These changes are mainly due to the fact that the company has used idle funds to buy more wealth management products, paid more in advance for purchases such as raw materials and hardware, and added new loans.
In terms of profit, Henghui Security's operating income in the third quarter of 2023 was 695 million yuan, up 1.47% from 685 million yuan in the same period last year. Operating profit was 111 million yuan, down 13.28% from 128 million yuan in the same period last year. Net profit was 97.2132 million yuan, down 8.11% from 106 million yuan in the same period last year. These changes are mainly due to the company's business expansion during the reporting period, which led to an increase in the salary of marketing staff, travel and company exhibitions, as well as a credit impairment on current payments, rushing back to the provision for inventory price reduction.
In terms of cash flow, the net cash flow generated by Henghui Security's operating activities in the third quarter of 2023 was 67.2731 million yuan, down 40.74% from 114 million yuan in the same period last year. Cash inflows from operating activities totaled 879 million yuan, down 4.14% from 917 million yuan in the same period last year. Cash outflow from operating activities totaled 812 million yuan, an increase of 1.12% compared with 803 million yuan in the same period last year. These changes are mainly due to the fact that the company paid more taxes, bought more wealth management products, repaid maturing loans, and declared dividends during the reporting period.
Overall, Henghui Security's operating performance was stable in the third quarter of 2023, with total assets and operating income increasing, but net profit and net cash flow declining. This is mainly due to the company's increased investment in business development and financial management, as well as the impact of the market environment.
For investors, Henghui Security, as a leader in the individual protective equipment industry, has strong market competitiveness and good development prospects. However, as the company's net profit and net cash flow have declined, investors need to carefully consider the impact of the company's financial situation and market environment when investing. It is suggested that investors should pay close attention to the operating status of the company and the dynamics of the industry, 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.