Announcement time of this financial report: 2023-10-25 16:36:26

Baibang Technology (Stock Code: 300736) is a company specializing in the mobile phone after-sales service industry, through the combination of physical store chain operation and alliance business model, to provide consumers with a full range of mobile phone after-sales services. As an authorized after-sales service provider of Apple Inc Company for more than 14 years, the company has built 83 Bai Bang Apple Inc authorized service stores nationwide and developed 1891 Lightning Bee Alliance stores.

In terms of assets and liabilities, Baibang Technology's total assets were 173 million yuan in the third quarter of 2023, down 10.95 percent from 194 million yuan at the end of last year. The total debt was 57.2513 million yuan, a decrease of 17.39% compared with 69.2917 million yuan at the end of last year. The net asset was 116 million yuan, down 7.39% from 125 million yuan at the end of last year. The asset-liability ratio was 33.14%, down from 35.71% at the end of last year. These changes are mainly due to the increase in advance payments made by the company in order to guarantee orders during the National Day holiday, and the repayment of loans from Nanjing Bank and Xiamen Bank, resulting in a decrease in short-term borrowing.

In terms of profit, Baibang Technology's operating income reached 535 million yuan in the third quarter of 2023, an increase of 173.14% compared with 196 million yuan in the same period last year. The operating cost was 488 million yuan, an increase of 188.76% compared with 169 million yuan in the same period last year. The gross profit margin was 8.67%, down from 13.52% in the same period last year. These changes are mainly due to the substantial growth in corporate alliance business, resulting in a corresponding increase in revenue and costs.

In terms of cash flow, the net cash flow generated by operating activities was-2.3992 million yuan, an increase of 87.00% compared with the net cash flow in the same period last year. Cash inflows from operating activities totaled 623 million yuan, an increase of 155.33 percent compared with 244 million yuan in the same period last year. Cash outflow from business activities totaled 625 million yuan, an increase of 138.55 percent compared with 262 million yuan in the same period last year. These changes are mainly due to the continued growth of alliance business and the increase in rebates during the reporting period.

To sum up, the operating situation of Baibang Science and Technology in the third quarter of 2023 is generally stable, and the substantial growth of alliance business has led to the growth of operating income, but also led to the increase of operating costs. At the same time, the company's total assets and net assets showed a downward trend, which may be due to the company's partial debt repayment and an increase in advance payments. In terms of cash flow, although the net cash flow generated by the company's operating activities is negative, it has increased compared with the same period last year.

For investors, Baibang Technology's alliance business is growing rapidly and has great potential for development in the future, but it also needs to pay attention to the company's balance sheet and cash flow. It is suggested that investors should comprehensively consider the financial indicators and operating conditions of the company when making 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.