Announcement time of this financial report: 2023-10-27 16:25:45

Guodun Quantum (stock code: 688027) is a pioneer, practitioner and leader of quantum information industrialization in China. Its main business is divided into two parts: quantum security communication products and related information technology services, quantum computing and measurement equipment. The company provides software and hardware products for various optical fiber quantum security communication networks and "satellite-ground integration" wide-area quantum security communication networks, promotes seamless connection between quantum security communication networks and classical communication networks, and provides quantum security application solutions for customers in various industries and fields such as government affairs, finance, and electric power.

According to the third quarterly report of 2023, the total assets of Guodun Quantum were 1.813 billion yuan, down from 1.943 billion yuan at the end of last year. Total liabilities amounted to $235 million, down from $297 million at the end of last year. The Company's asset-liability ratio was 12.95%, down from 15.3% at the end of the previous year, demonstrating the effectiveness of the Company's liability management.

In terms of operating income, Guodun Quantum realized an operating income of 73.2647 million yuan from the beginning of the year to the end of this reporting period, which increased significantly compared with 38.7608 million yuan in the same period last year. This is mainly due to the increase in revenue from quantum security communication network construction related products and quantum security industry applications, and the increase in revenue from quantum computing and measurement related instruments and equipment. The operating cost was 36.1781 million yuan, an increase from 21.2971 million yuan in the same period last year. Despite the increase in operating costs, the gross profit margin of the Company reached 50.62%, an increase from 45.06% in the same period last year, due to the substantial increase in operating income.

In terms of cash flow, the cash inflow generated from operating activities of the Company was RMB 179 million yuan, an increase from RMB 167 million yuan in the same period last year. But cash outflows from operating activities also rose to 201 million yuan from 177 million yuan a year earlier. The year-on-year decrease of RMB11.8308 million was mainly due to the decrease in government subsidies received and the increase in employee compensation paid from the beginning of the year to the end of the Reporting Period.

In summary, Guodun Quantum's operating conditions in the third quarter of 2023 were generally good. The significant increase in operating income and the improvement in gross profit margin indicate that the profitability of the company has increased. At the same time, the company's investment in research and development continues to increase, which is very important for a technology-centric company.

However, it should also be noted that although the company's operating income increased significantly, due to the increase in operating costs, the company's net profit suffered a loss. In addition, the Company's cash outflows have increased, which may put some pressure on the Company's cash flow position.

For investors, Guodun Quantum, as a pioneer and leader of quantum information industry, has great development potential. But at the same time, you need to pay attention to the company's profitability and cash flow position. It is suggested that investors should comprehensively consider the company's operating conditions and industry development trends when investing, and 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.