Financial report announcement time: 2023-10-24 18:23:01

*ST Meishang (stock code: 300495) is a company with more than 20 years of experience in the ecological landscape construction industry. Its main business covers the three major fields of ecological restoration, ecological cultural tourism and ecological products. The company provides customers with a full range of ecological environment construction and operation services through planning, planning, design, R&D, financing, construction, production, investment and tourism operations.

In terms of assets and liabilities, *ST Meishang's total assets for the third quarter of 2023 were 4,039 billion yuan, down from 4,098 billion yuan at the end of the previous year. Total liabilities amounted to $3,712 billion, up from $3.388 billion at the end of the previous year. Net assets were $327 million, a sharp decrease from $710 million at the end of the previous year. The balance ratio was 91.9%, up from 82.68% at the end of the previous year. These data reflect an increase in the company's debt pressure, a decrease in net assets, and a deterioration in the overall financial situation compared to the end of the previous year.

In terms of profit, *ST Meishang's revenue for the third quarter of 2023 was 458.593 million yuan, down 38.64% from 74.743 million yuan in the same period last year. Operating costs were 45.1941 million yuan, down 36.34% from 70.9943 million yuan in the same period last year. Operating profit was -265 million yuan, a sharp decrease from 258 million yuan in the same period last year. Net profit was -382 million yuan, a sharp decrease from 354 million yuan in the same period last year. These data reflect a sharp decline in the company's revenue and net profit, and the operating pressure is high.

In terms of cash flow, *ST Meishang's net cash flow from operating activities in the third quarter of 2023 was -13.7044 million yuan, a sharp decrease from 588.753 million yuan in the same period last year. The total cash inflow from operating activities was 46 million yuan, and the cash outflow from operating activities was 597.044 million yuan. These data reflect a negative net cash flow from the company's operating activities, and the pressure on working capital is high.

Overall, *ST Meishang's business conditions in the third quarter of 2023 were severe. Both revenue and net profit declined sharply, the balance ratio rose, and the net cash flow from operating activities was negative, reflecting that the company's operating pressure was high and the financial situation deteriorated compared to the end of the previous year.

Investors need to pay close attention to the*ST Meishang's business conditions and financial situation, and invest carefully.

This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.