Announcement time of this financial report: 2023-10-25 17:20:51

Dashang Stock (Stock Code: 600694) is one of the largest retail groups in China, mainly engaged in physical retail business. The company adopts a multi-business, multi-format business model, with department store chain, supermarket chain, electrical chain and other main formats, and with Dashang Tiangou net, Dashang five-star hotels and Dashang real estate to build a three-dimensional business development pattern. The company has well-known trade names McKele, New Matt, Qiansheng and so on. Its stores are located in the core business areas of Liaoning, Heilongjiang, Henan and Shandong, and have an absolute leading position in the industry.

In terms of assets and liabilities, in the third quarter of 2023, the total assets of Dashang shares were 18.301 billion yuan, up slightly from 18.146 billion yuan at the end of the previous year, with a growth rate of 0.85%. The total liabilities were 9.697 billion yuan, down from 9.876 billion yuan at the end of last year. The net asset was 8.604 billion yuan, an increase compared with 8.27 billion yuan at the end of last year. The asset-liability ratio is 52.99%, down from 54.43% at the end of last year, indicating the soundness of the company's financial structure.

In terms of profit, the company's operating income in the third quarter of 2023 was 5.675 billion yuan, down slightly from 5.729 billion yuan in the same period last year, with a decline rate of 0.94%. The operating profit was 731 million yuan, down from 776 million yuan in the same period last year. The net profit was 501 million yuan, down from 553 million yuan in the same period last year. However, it is worth noting that net profits belonging to shareholders of listed companies increased by 60.47% during the reporting period, mainly due to the impact of the epidemic in the same period.

In terms of cash flow, the net cash flow generated by operating activities was 1.31 billion yuan, an increase compared with 969 million yuan in the same period last year, with a growth rate of 35.17%. This is mainly due to the increase in cash received in the current period for the sale of goods and the provision of services.

To sum up, the operating condition of Dashang shares in the third quarter of 2023 is generally stable, although operating income and operating profit have decreased, the company's net profit and net cash flow have increased, which shows that the company's profitability and cash flow are good. At the same time, the company's asset-liability ratio has also declined, indicating that the company's financial structure is sound.

For investors, Dashang shares have a strong market position and competitive advantage, through continuous innovation and development, to achieve a stable growth of business. Although the company has declined in terms of operating income and operating profit, the increase in net profit and net cash flow shows that the company's profitability and cash flow are good. Therefore, investors can continue to pay attention to the follow-up development of Dashang shares and make timely 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.