Announcement time of this financial report: 2023-10-25 16:39:43
Glinda (Stock Code: 603931) is a high-tech enterprise specializing in the research, development, production and sales of ultra-clean and high-purity wet electronic chemicals. its main products include developer, etching solution, diluent and cleaning solution, etc. widely used in display panels, semiconductors and solar cells.
In terms of assets and liabilities, Glinda's total assets in the third quarter of 2023 were 1.617 billion yuan, an increase compared with 1.553 billion yuan at the end of the previous year. The total debt was 199 million yuan, down from 212 million yuan at the end of last year. The net asset was 1.418 billion yuan, an increase compared with 1.341 billion yuan at the end of last year. The asset-liability ratio was 12.29%, down from 13.65% at the end of the previous year. This shows that the company's asset structure is improving and the debt pressure is decreasing.
In terms of profit, Glinda's operating income in the third quarter of 2023 was 518 million yuan, down from 643 million yuan in the same period last year. The operating profit was 143 million yuan, down from 161 million yuan in the same period last year. The operating cost was 332 million yuan, down from 450 million yuan in the same period last year. The net profit was 122 million yuan, down from 139 million yuan in the same period last year. The gross profit margin was 35.87%, up from 30.06% in the same period last year. The net interest rate was 23.62%, up from 21.66% in the same period last year. This shows that the company's profitability is improving, but the decline in operating income and net profit needs to be concerned.
In terms of cash flow, the net cash flow generated by Glinda's operating activities in the third quarter of 2023 was 156 million yuan, an increase compared with 149 million yuan in the same period last year. Cash inflows from operating activities totaled 596 million yuan, down from 773 million yuan in the same period last year. Cash outflow from operating activities totaled 440 million yuan, down from 624 million yuan in the same period last year. This shows that the company's cash flow is good, and the growth of cash flow has a positive impact on the company's operation.
To sum up, Glinda's operating situation in the third quarter of 2023 is generally stable, with a decline in asset-liability ratio and an increase in cash flow, but the decline in operating income and net profit needs to be concerned. For investors, Glinda is a company with development potential, but it needs to pay attention to the changes in its operating income and net profit.
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