Announcement time of this financial report: 2023-10-24 16:48:19
Jiaheng Jiahua (Stock Code: 300955) is an integrated service enterprise specializing in the R & D, design and production of daily chemical products OEM/ODM and plastic packaging containers. The company mainly provides cosmetics and home care products research and development, preparation, filling and plastic packaging container design and manufacturing services. The company's main products include skin care, lotion, perfume and other cosmetics, as well as soap, disinfectant, hand sanitizer and other home care products, as well as supporting plastic packaging containers. These products are mainly used in the field of personal beauty and skin care and home cleaning. The company's main customers include Johnson & Johnson, Bettany, Shanghai Jiahua, Yumeijing, Reckitt, Victoria's Secret, Dortrey, Procter & Gamble Co, Shell and other well-known brands at home and abroad.
In terms of assets and liabilities, Jiaheng Jiahua's total assets at the end of the third quarter of 2023 were 1.699 billion yuan, an increase of 9.75% from 1.548 billion yuan at the end of the previous year. The total liabilities were 719 million yuan, an increase of 28.62% compared with 559 million yuan at the end of last year. The net worth was 980 million yuan, down slightly from 989 million yuan at the end of last year. The asset-liability ratio was 42.3%, up from 36.09% at the end of the previous year. The increase in total assets and liabilities was mainly due to the increase in long-term loans of Huzhou Jiaheng Bank, a subsidiary of the current period.
In terms of profit, the company's operating income in the third quarter of 2023 was 729 million yuan, down slightly from 763 million yuan in the same period last year. Operating profit was 24.1012 million yuan, down 56.60% from 55.5418 million yuan in the same period last year. The net profit was 26.1927 million yuan, down 45.84% from 48.3641 million yuan in the same period last year. The decline in net profit is mainly due to a slight decline in income in the current period compared with the same period last year, and the cosmetics production line of the subsidiary Huzhou Jiaheng began to be put into production in June 2022. Its scale effect is not brought into full play because it is in the early stage of production and the capacity utilization is low. At the same time, in order to meet the production needs of Huzhou Jiaheng and enhance the company's R & D strength, the company's management expenses and R & D expenses increased by 17.9551 million yuan compared with the same period last year.
In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was 99.5237 million yuan, an increase of 102.24% compared with 49.2098 million yuan in the same period last year. Cash inflows from operating activities totaled 819 million yuan, down slightly from 848 million yuan in the same period last year. Cash outflow from operating activities totaled 719 million yuan, down from 799 million yuan in the same period last year. The increase in net cash flow from operating activities is mainly due to the decrease in payment for goods made in the current period and the receipt of VAT increments to offset tax.
Overall, Jiaheng Jiahua experienced some fluctuations in the third quarter of 2023 compared with the same period last year. The total assets and liabilities of the company increased, but the net profit declined, mainly due to the low utilization of production capacity and the failure to give full play to the scale effect at the initial stage of production. and in order to meet the production needs and enhance the R & D strength, the company's management expenses and R & D expenses increased. However, the net cash flow generated by the company's operating activities has increased significantly, which shows that the company has good cash liquidity and can meet the daily business needs in a timely manner.
For investors, although the net profit of Jiaheng Jiahua has declined, the company's total assets and liabilities have increased, and the net cash flow generated by operating activities has increased significantly, which shows that the company's operating condition is generally sound. When considering investing in Jiaheng, investors should fully consider the company's operating conditions and future development prospects, 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.