Announcement time of this financial report: 2023-10-25 17:00:08
China porcelain Co., Ltd. (stock code: 001216) is a company specializing in the R & D, design, production and sales of daily ceramic products. The company's products mainly include color glaze ceramics, underglaze colorful porcelain and other daily ceramics, as well as new ceramic materials and electric ceramics and other industrial ceramics. With the individuation and creativity of colored glaze ceramics as the core competitiveness, the company is committed to making daily ceramics artistic and artistic ceramics into life.
The company's total assets reached 1.967 billion yuan, an increase of 5.04 percent from 1.873 billion yuan at the end of last year, according to the company's third quarterly report in 2023. The total liabilities were 401 million yuan, which was basically the same as the 402 million yuan at the end of last year. The company's net assets were 1.566 billion yuan, an increase of 6.45% compared with 1.471 billion yuan at the end of last year. The asset-liability ratio was 20.38%, down from 21.45% at the end of the previous year. These data show that China porcelain shares have a sound performance in asset management, the company's debt scale has been effectively controlled, and the growth of net assets also reflects the company's endogenous development capacity.
In terms of profit, the company's operating income from the beginning of the year to the end of the reporting period was 899 million yuan, down 17.67% from 1.091 billion yuan in the same period last year. Operating profit was 156 million yuan, down 16.58% from 187 million yuan in the same period last year. The operating cost was 597 million yuan, down 16.28% from 713 million yuan in the same period last year. Net profit was 148 million yuan, down 7.5% from 160 million yuan in the same period last year. The gross profit margin was 33.54%, down from 34.69% in the same period last year. The net interest rate was 16.47%, up from 14.66% in the same period last year. These data show that although the company's operating income and operating profit have declined, the proper control of operating costs has led to a small decline in net profit and even an increase in net interest rate.
In terms of cash flow, the net cash flow generated by the company's operating activities from the beginning of the year to the end of the reporting period was 143 million yuan, down 52.94% from 303 million yuan in the same period last year. Cash inflows from operating activities totaled 972 million yuan, down 19.78 percent from 1.212 billion yuan in the same period last year. Cash outflow from operating activities totaled 830 million yuan, down 8.7 percent from 909 million yuan in the same period last year. These data show that the company's cash flow management is under some pressure, and both cash inflows and outflows from operating activities have declined, especially the sharp decline in net cash flows. this may have a certain impact on the company's day-to-day operations and future development.
To sum up, China porcelain shares in the third quarter of 2023 operating conditions as a whole sound, but also faced with some challenges. The company has performed well in asset and liability management, but the decline in operating income and operating profit as well as the decrease in cash flow show that there is some pressure on the company's operating activities. For investors, China porcelain shares still have investment value, but they also need to pay attention to the changes in their operating conditions, especially the changes in cash flow, in order to make more accurate 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.