Announcement time of this financial report: 2023-10-25 17:21:17

M & B (Stock Code: 605033) is a company specializing in the research, development, production, sales and agricultural technology promotion and services of pesticide formulations, including pesticides, fungicides, plant growth regulators and so on. The company has 25 years of experience in China's rural market and has been committed to agricultural technology promotion and providing services to farmers for a long time. As one of the top 100 enterprises in the pesticide industry and one of the top 20 pesticide preparation manufacturers in China, the company has good market competitiveness.

According to Smith Barney's three-quarter report in 2023, the company's total assets were 1.427 billion yuan, down from 1.56 billion yuan at the end of last year. The total liabilities were 300 million yuan, a decrease of 174 million yuan from 474 million yuan at the end of last year, and a net asset of 1.127 billion yuan, an increase from 1.086 billion yuan at the end of last year. This shows that the company has made some achievements in asset-liability management, and the asset-liability ratio has dropped from 30.38% at the end of last year to 21.02% at the end of this reporting period.

In terms of profit, the company's operating income was 554 million yuan, down from 684 million yuan in the same period last year. Operating profit was 84.249 million yuan, down from 116 million yuan in the same period last year. The operating cost was 355 million yuan, down from 391 million yuan in the same period last year. The net profit was 70.1908 million yuan, down from 112 million yuan in the same period last year. These data show that although the company has achieved some results in operating cost control, the decline in operating income and net profit reflects that the company may have some sales problems.

In terms of cash flow, the net cash flow generated by the company's operating activities was 86.6889 million yuan, up from-25.0164 million yuan in the same period last year. Cash inflow from operating activities totaled 435 million yuan, down from 524 million yuan in the same period last year. Cash outflow from operating activities totaled 349 million yuan, down from 549 million yuan in the same period last year. These data show that the company has achieved remarkable results in cash flow management, and the significant increase in net cash flow may be due to the reduction of procurement expenditure due to the company's adjustment of procurement scale and procurement rhythm.

To sum up, Smith Barney's operating condition was generally stable in the third quarter of 2023. Although the company's operating income and net profit have declined, it has achieved remarkable results in asset-liability management and cash flow management. This shows that the company has certain advantages in operation and management, but it may need further optimization and improvement in sales.

For investors, the overall financial situation of Smith Barney shares is stable, and the decline in asset-liability ratio and the sharp increase in net cash flow show the company's advantages in operation and management. However, it should be noted that the decline in operating income and net profit may have a certain impact on the future development of the company. Therefore, when considering investing in Meibang shares, investors should comprehensively consider the company's financial indicators and operating conditions, 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.