Announcement time of this financial report: 2023-10-25 16:34:10

Tongcheng Xincai (Stock Code: 603650) is a leading integrated service provider of new materials in the world, mainly engaged in the research and development, production, sales and related trading of new materials. The company's main business includes special materials for automobiles / tires, electronic materials and fully biodegradable materials. As the world's largest supplier of special materials for tires, the company has established long-term and stable business cooperation with domestic and foreign tire enterprises, with customers covering the top 75 tires in the world, including Bridgestone, Michelin, Goodyear and other international well-known tire enterprises.

In terms of assets and liabilities, Tongcheng Xincai's total assets in the third quarter of 2023 were 7.281 billion yuan, up from 6.861 billion yuan at the end of the previous year. The total liabilities were 3.819 billion yuan, a slight increase from 3.719 billion yuan at the end of the previous year. The company's net assets increased from 3.142 billion yuan at the end of last year to 3.462 billion yuan at the end of this reporting period. The asset-liability ratio decreased from 54.2% at the end of last year to 52.45% at the end of this reporting period, indicating an improvement in the company's debt management.

In terms of profit, the company's operating income in the third quarter of 2023 was 2.196 billion yuan, an increase of 18.89% compared with 1.847 billion yuan in the same period last year. Operating profit was 367 million yuan, up from 263 million yuan in the same period last year. The net profit was 347 million yuan, up 45.57% from 230 million yuan in the same period last year. This is mainly due to the steady increase in the company's operating income and the recognition of an increase in the investment income of the associated enterprises.

In terms of cash flow, the net cash flow generated by the company's operating activities in the third quarter of 2023 was 150 million yuan, which was lower than that of 304 million yuan in the same period last year, mainly due to increased payment for goods.

To sum up, Tongcheng Xincai's overall operating condition in the third quarter of 2023 is good. The company's asset and liability management has improved, operating income and net profit have achieved steady growth. However, it is important to note that there has been a decline in net cash flows from operating activities.

For investors, Tongcheng Xincai has stable business cooperation and good operating conditions, so it is an investment object worthy of attention. But at the same time, investors also need to pay attention to the cash flow of the company in order to have a more comprehensive understanding of the operation of the company.

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.