Announcement time of this financial report: 2023-10-25 19:14:11
Zhongfu Tong (Stock Code: 300560) is an enterprise with service flywheel and digital ecological flywheel as its development strategy, and its main business includes communication services, information software services, digital marketing, edge computing and channel sales. In terms of communication services, the company provides communication network construction, maintenance and optimization services for telecom operators, communication equipment providers and radio and television networks. Information software services are mainly oriented to the fields of public security, judicature, army and community, providing system integration, software development and technical services. Digital marketing business provides customers with accurate marketing strategy and effect evaluation through acting digital marketing service platform. Edge computing business mainly provides edge computing and intelligent terminal research and design. Channel sales business makes use of its own channel advantages to act as an agent to sell products.
In terms of assets and liabilities, Zhongfutong's total assets at the end of the third quarter of 2023 were 2.785 billion yuan, up from 2.71 billion yuan at the end of last year. The total debt was 1.608 billion yuan, slightly higher than the 1.569 billion yuan at the end of last year. The net worth was 1.176 billion yuan, up from 1.141 billion yuan at the end of last year. The asset-liability ratio was 57.75%, down slightly from 57.89% at the end of last year. These data show that the company's assets are growing steadily, the debt pressure is relatively stable, and the overall financial position is good.
In terms of profits, from the beginning of the year to the end of this reporting period, the company's operating income was 1.2208645 billion yuan, an increase of 51.77% over the same period last year, mainly due to the increase in the scale of digital marketing business during the reporting period. The operating cost was 1.043 billion yuan, an increase from 641 million yuan in the same period last year, mainly due to the growth of business scale. Gross profit margin was 14.55%, down from 20.31% in the same period last year. The net profit belonging to shareholders of listed companies was 21.2171 million yuan, an increase of 5.88% over the same period last year. The net interest rate was 1.77%, down from 2.43% in the same period last year. These figures show that the company's operating income is growing steadily, but the gross profit margin and net profit margin have declined due to the increase in operating costs.
In terms of cash flow, the net cash flow from operating activities was-127 million yuan, mainly due to a subtotal cash outflow of 1.418 billion yuan from operating activities, an increase from 1.184 billion yuan in the same period last year, while cash inflows from operating activities totaled 1.291 billion yuan, up from 1.052 billion yuan in the same period last year. These data show that the company's net cash flow from operating activities is negative, mainly due to the increase in cash outflow from operating activities.
To sum up, the operating situation of Zhongfutong in the third quarter of 2023 is generally stable, with an increase in operating income and net profit, but a decrease in gross profit margin and net profit margin due to the increase in operating costs. In terms of cash flow, companies need to pay attention to the increase in cash outflow from operating activities in order to maintain a good cash flow situation.
For investors, Zhong Fortis's business model is stable, and the growth of operating income and net profit shows that the company's business is developing well. But at the same time, investors also need to pay attention to the decline of the company's gross profit margin and net profit margin, as well as the cash flow of operating activities. Generally speaking, Zhong Fortis is a worthy investment target, but investors need to deeply understand and analyze the company's financial situation and business development trend.
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.