Announcement time of this financial report: 2023-10-27 18:35:04

Polypetrochemical (stock code: 688669) is an enterprise focusing on R&D, production and sales of chemical raw materials and new chemical materials. Its main products include chemical raw materials such as flame retardants, phosphorus chemicals, and liquefied petroleum gas products, and new chemical materials such as modified plastic particles and plastic products. The company has rich experience and technical advantages in the field of modified plastics, and can provide customized new material solutions according to customer needs.

In terms of assets and liabilities, Jushi Chemical's total assets for the third quarter of 2023 were 4.736 billion yuan, up from 4,085 billion yuan at the end of the previous year. Total liabilities were $2,964 million, up from $2.36 billion at the end of the previous year. Net assets were $1,771 million, slightly higher than $1,725 million at the end of the previous year. The balance ratio was 62.59%, up from 57.77% at the end of the previous year.

In terms of profit, Jushi Chemical's operating revenue for the third quarter of 2023 was 3,045 billion yuan, slightly lower than the same period last year of 3,222 billion yuan. Operating profit was 496.194 million yuan, a significant increase from -206.092 million yuan in the same period last year. Net profit was 609.762 million yuan, up from 54.7184 million yuan in the same period last year. Gross margin was 12.84%, up from 10.76% in the same period last year. The net interest rate was 2%, up from 1.7% in the same period last year.

In terms of cash flow, Jushi Chemical's net cash flow from operating activities in the third quarter of 2023 was 282 million yuan, a significant increase from -194 million yuan in the same period last year. The total cash inflow from operating activities was $2,988 billion, comparable to $3,004 billion in the same period last year. The total cash outflow from operating activities was $2,706 billion, down from $3.197 billion in the same period last year.

In summary, Jushi Chemical's business conditions in the third quarter of 2023 were generally good. Despite a decline in operating income, both net profit and net cash flow increased, indicating that the company's profitability and ability to manage cash flow have improved. At the same time, the company's balance ratio has increased, indicating that the company's debt level has increased, which may have an impact on the company's financial stability.

For investors, Jushi Chemical has a certain investment value. The company has certain market competitiveness and development potential in the field of chemical raw materials and new chemical materials, and the company's profitability and cash flow management capabilities have improved. However, investors also need to pay attention to a company's debt level to prevent excessive debt levels from affecting the company's financial stability.

This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.