Announcement time of this financial report: 2023-10-25 16:31:30

Yanjing Beer (Stock Code: 000729) is a company mainly engaged in the manufacture and sales of beer, water, beverages and other products. The company's main business is beer, accounting for more than 90% of the company's main business. In the competition of Chinese beer industry, the company has achieved significant market share with its high-quality products and fine marketing strategy.

According to the company's quarterly report for 2023, Yanjing Beer's total assets were 23.986 billion yuan, up from 20.695 billion yuan at the end of last year. The total liabilities were 8.927 billion yuan, an increase from 6.429 billion yuan at the end of last year. The net asset was 15.059 billion yuan, an increase compared with 14.266 billion yuan at the end of last year. The asset-liability ratio was 37.22%, up from 31.06% at the end of the previous year. These figures reflect the expansion of the company's assets and an increase in liabilities, but the company's net assets are still growing and its overall financial position is stable.

In terms of profit, the company's operating income was 12.416 billion yuan, an increase compared with 11.322 billion yuan in the same period last year. The operating profit was 1.374 billion yuan, up from 977 million yuan in the same period last year. The net profit was 1.156 billion yuan, up from 816 million yuan in the same period last year. These data show that the company's operating income and profits are growing steadily, and the company's profitability is improving.

In terms of cash flow, the net cash flow generated by the company's operating activities was 2.853 billion yuan, an increase compared with 2.659 billion yuan in the same period last year. Cash inflows from operating activities totaled 14.165 billion yuan, up from 13.731 billion yuan in the same period last year. Cash outflow from operating activities totaled 11.312 billion yuan, up from 11.072 billion yuan in the same period last year. These data show that the cash flow generated by the company's operating activities is increasing and the company's cash flow is in good shape.

To sum up, Yanjing Beer's operation in the third quarter of 2023 is good, the company's asset scale, operating income and profits are growing steadily, and the cash flow is good. All these reflect that the company has strong management ability, strong market competitiveness and good development prospects.

For investors, Yanjing Beer is a noteworthy investment object. The company's performance is stable, operating conditions are good, with strong profitability and cash flow generation ability. However, when investing, investors also need to consider the debt situation of the company, as well as the competition in the industry and other factors, to make rational 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.