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

Haibo Zhongke (Stock Code: 300517) is an enterprise specializing in the manufacture and installation of bridge steel structures. Its main products include steel box girders, steel trusses, steel box arch bridges and so on. Although faced with the challenges of changing market conditions and increased competition in the first half of 2023, the company strives to improve its business performance by adjusting its business strategy, strengthening market development and improving product price competitiveness.

In terms of assets and liabilities, Haibo Zhongke's total assets at the end of the third quarter of 2023 were 1.633 billion yuan, down from 1.75 billion yuan at the end of the previous year. The total debt was 558 million yuan, which was also lower than that of 720 million yuan at the end of last year. This is mainly due to factors such as the purchase of wealth management products during the reporting period, increased investment in projects under construction, new bank loans, and payment of employees' salaries payable in the previous year. The company's net assets are 1.075 billion yuan, up from 1.031 billion yuan at the end of last year. The asset-liability ratio was 34.19%, down from 41.11% at the end of the previous year, indicating that the company's debt situation has improved.

In terms of profit, the company's operating income in the third quarter of 2023 was 322 million yuan, down from 410 million yuan in the same period last year. The operating profit was 6.0524 million yuan, down sharply from 52.0973 million yuan in the same period last year. The operating cost was 251 million yuan, down from 306 million yuan in the same period last year. The net profit was 6.2265 million yuan, down sharply from 43.131 million yuan in the same period last year. This is mainly due to the challenges of changing market conditions and increased competition during the reporting period, as well as an increase in bad debts compared with the same period last year and a decrease in completed production compared with the same period last year.

In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was-21.9463 million yuan, which was significantly lower than that of 25.4279 million yuan in the same period last year. This is mainly due to a decrease in cash received during the reporting period. At the same time, the company purchased wealth management products, resulting in a net cash flow of-50.4768 million yuan from investment activities, a substantial increase from-9.4179 million yuan in the same period last year. The net cash flow generated by fund-raising activities was 43.2672 million yuan, an improvement from-91.9451 million yuan in the same period last year, mainly due to the receipt of bank loans and bill discounts during the reporting period.

To sum up, Haibo heavy Company faced some challenges in the third quarter of 2023, including changes in the market situation, increased competition, reduced cash received, and so on, which had a certain impact on the company's operating performance. However, the company strives to improve its business performance by adjusting its business strategy, strengthening market development, and improving product price competitiveness. At the same time, the company's debt situation has improved, and the asset-liability ratio has declined.

Finally, for investors, although Haibo Zhongke's operating performance declined in the third quarter of 2023, the company actively responded to market changes, adjusted its business strategy and worked hard to improve its business performance. Therefore, when considering investing in Haibo heavy Company, investors should fully consider the company's market environment, competition and business strategy and other factors, and make a prudent decision.

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.