Announcement time of this financial report: 2023-10-25 18:42:36
Huiyuan Communication (stock code: 000586) is a competitive advantage in the field of power communications, the main business includes power optical cable, on-line monitoring products and communication engineering and system integration business. The company has a rich product line and professional technical strength in the field of electric power communications, which can meet the needs of different customers, and has a certain competitive advantage in the industry.
In terms of assets and liabilities, Huiyuan Communications's total assets in the third quarter of 2023 were 568 million yuan, an increase compared with 558 million yuan at the end of the previous year. The total liabilities were 228 million yuan, down from 238 million yuan at the end of last year. The net asset was 340 million yuan, an increase compared with 320 million yuan at the end of last year. The asset-liability ratio was 40.1%, down from 42.61% at the end of the previous year. These data show that the total assets and net assets of the company have increased, the total liabilities have decreased, the asset-liability ratio has also decreased, and the overall balance sheet of the company has improved compared with the previous year.
In terms of profit, the company's operating income in the third quarter of 2023 was 347 million yuan, an increase from 309 million yuan in the same period last year. Operating profit was 21.6244 million yuan, down slightly from 22.2473 million yuan in the same period last year. The operating cost was 236 million yuan, an increase from 208 million yuan in the same period last year. The net profit was 19.887 million yuan, down slightly from 20.114 million yuan in the same period last year. The gross profit margin was 31.9%, down slightly from 32.68% in the same period last year. The net interest rate was 5.73%, down from 6.5% in the same period last year. These data show that although the company's operating income has increased, operating profit and net profit have declined due to the increase in operating costs, as well as gross profit margin and net profit margin.
In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was-29.5187 million yuan, which decreased significantly compared with-8.2702 million yuan in the same period last year. Cash inflows from operating activities totaled 371 million yuan, up from 304 million yuan in the same period last year. The cash outflow from operating activities totaled 400 million yuan, an increase from 312 million yuan in the same period last year. These data show that although the company's cash inflow from operating activities has increased, the net cash flow from operating activities has decreased significantly as a result of the increase in cash outflow from operating activities.
To sum up, the total assets and net assets of Huiyuan Communications increased in the third quarter of 2023, the total liabilities decreased, and the balance sheet improved. Although operating income has increased, operating profit and net profit have declined due to the increase in operating costs, as well as gross profit margin and net profit margin. The net cash flow from operating activities decreased significantly. Therefore, when investors consider investing in Huiyuan Communications, they need to fully consider these financial conditions of the company.
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.