Announcement time of this financial report: 2023-10-25 16:41:59

Karen Co., Ltd. (stock code: 300715) is a company specializing in the research, production, sales and construction services of new building waterproofing materials. The company's main products include waterproof roll materials and waterproof coatings, which are widely used in housing construction, high-speed railway, subway, highway, airport and water conservancy facilities. Karen AG is committed to becoming a leading international manufacturer of functional building materials, leading the new trend in the application of polymer waterproof materials through the innovation and promotion of waterproof systems.

First of all, in terms of assets and liabilities, Karen shares had total assets of 6.737 billion yuan in the third quarter of 2023, an increase of 9.70 percent from 6.142 billion yuan at the end of the previous year. The total debt was 4.252 billion yuan, an increase of 12.60% compared with 3.775 billion yuan at the end of last year. The net asset was 2.486 billion yuan, an increase of 5.03% compared with 2.367 billion yuan at the end of last year. The asset-liability ratio was 63.11%, up from 61.46% at the end of the previous year. These figures show a steady increase in the company's assets, but also an increase in liabilities, which may be due to the company's increased liabilities in order to expand production and market development.

In terms of profit, the company's operating income in the third quarter of 2023 was 2.08 billion yuan, an increase of 35.70% compared with 1.533 billion yuan in the same period last year. The operating profit was 76.5032 million yuan, an increase of 195.07% compared with 25.9069 million yuan in the same period last year. The net profit was 80.7282 million yuan, an increase of 276.74% compared with 21.4169 million yuan in the same period last year. These data show that the company's business scale and profitability have improved significantly, mainly due to the company's increased investment in market development and marketing, resulting in an increase in sales scale.

In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was-274 million yuan, an improvement compared with-406 million yuan in the same period last year. This is mainly due to the increase in the collection of accounts receivable by the company.

To sum up, Karen shares had a good overall operating condition in the third quarter of 2023, with significant improvements in asset size, business scale and profitability. But at the same time, the company's debt has also increased, which may be due to the company's increased debt in order to expand production scale and market development. In terms of cash flow, the net cash flow generated by the company's operating activities has improved, indicating that the company has good cash liquidity.

Finally, for investors, Karen shares, as a leader in the waterproofing industry, has strong market competitiveness and profitability, and is a worthy investment object. But at the same time, investors also need to pay attention to the debt situation of the company, and how the company can further improve profitability by improving operational efficiency and controlling costs.

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.