Announcement time of this financial report: 2023-10-24 18:34:36

Antarctic e-commerce (stock code: 002127) is an e-commerce channel-based company, mainly through brand licensing business to integrate supply chain resources, provide efficient industrial services to the industrial chain, and provide cost-effective products to consumers. The company's main business includes fashion series licensing services, strategic cooperation licensing services and proprietary retail. In addition, the company's time interconnection mainly provides mobile Internet marketing business, provides one-stop service for advertisers, and explores the development of film and television culture and entertainment related projects.

In terms of assets and liabilities, the total assets of Antarctic e-commerce at the end of the third quarter of 2023 were 5.117 billion yuan, up from 5.067 billion yuan at the end of last year. The total debt was 618 million yuan, down from 676 million yuan at the end of last year. This shows that the company's asset-liability management has been optimized, the debt ratio has dropped from 13.34% at the end of last year to 12.07% at the end of this reporting period, and the asset-liability structure has been further optimized.

In terms of profit, the company's operating income in the third quarter of 2023 was 2.067 billion yuan, down 19.77% from 2.577 billion yuan in the same period last year, mainly due to the time interconnection optimization business and the planning adjustment of the Antarctic core category. Operating profit was 86.4207 million yuan, down sharply from 257 million yuan in the same period last year. The net profit was 82.2846 million yuan, down 66.61% from 251 million yuan in the same period last year, mainly due to the decline in revenue from the company's brand integrated services business.

In terms of cash flow, the company's cash inflow from operating activities in the third quarter of 2023 was 2.695 billion yuan, down from 3.325 billion yuan in the same period last year. Cash outflow from operating activities was 2.94 billion yuan, down from 3.431 billion yuan in the same period last year. However, the net cash flow generated by operating activities is negative, indicating that there is some pressure on the company in terms of cash liquidity.

Generally speaking, there is some pressure on the operating condition of Antarctic e-commerce in the third quarter of 2023, with a decline in operating income and net profit and an increase in cash liquidity pressure. However, the company's asset-liability management has been optimized, and the asset-liability structure has been further improved.

For investors, the financial situation of Antarctic e-commerce in the third quarter of 2023 shows that the company is facing some operating pressure, but the optimization of asset and liability management also shows its ability in financial management. When considering investing in Antarctic e-commerce, investors should fully consider the operating pressure and financial management ability of the company, 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.