Announcement time of this financial report: 2023-10-27 18:50:07
Shaangu Power (stock code: 601369) is a company focusing on providing distributed energy system solutions for key industries in the national economy. Its business covers petroleum, chemicals, metallurgy, air separation, electricity, smart cities, environmental protection, nitric acid, fermentation and other fields. The company has built a “1+7” business model with distributed energy system solutions as the core, providing seven major value-added services, including equipment, EPC, service, operation, intelligence, and finance.
In terms of assets and liabilities, Shaangu Power's total assets for the third quarter of 2023 were 25.343 billion yuan, down from 27.512 billion yuan at the end of the previous year. Total liabilities were $16.325 billion, down from $18.853 billion at the end of the previous year. Goodwill was 53.2072 million yuan at the end of the reporting period, up from 49.98896 million yuan at the end of the previous year. Net assets were $9.018 billion at the end of the reporting period, up from $8.659 billion at the end of the previous year. The balance ratio was 64.42% at the end of the reporting period, down from 68.53% at the end of the previous year. This indicates that the company's debt level is gradually declining and the asset structure is being optimized.
In terms of profit, Shaangu Power's operating income for the third quarter of 2023 was 7.269 billion yuan, down from 8.448 billion yuan in the same period last year. Operating profit was 961 million yuan, down from 1,059 million yuan in the same period last year. Operating costs were $5,569 billion, down from $6.505 billion in the same period last year. Net profit was $789 million, down from $873 million in the same period last year. Gross margin was 23.4%, a slight increase from 23% in the same period last year. The net interest rate was 10.85%, up from 10.33% in the same period last year. This shows that the company is under some pressure in terms of operating income and profit, but the increase in gross margin and net profit margin shows an increase in the company's profitability.
In terms of cash flow, Shaangu Power's net cash flow from operating activities in the third quarter of 2023 was 1,097 million yuan, up from 933 million yuan in the same period last year. The total cash inflow from operating activities was $6.108 billion, down from $6,453 billion in the same period last year. The total cash outflow from operating activities was $5.011 billion, down from $5.52 billion in the same period last year. This indicates that the company's cash flow from operating activities is good, and the increase in net cash flow indicates an increase in the efficiency of the company's operating activities.
In summary, Shaangu Power's operating conditions in the third quarter of 2023 were generally stable. The decline in balance ratio and the increase in net cash flow from operating activities were the company's highlights. However, the decline in operating income and profit indicates that the company is under some pressure in terms of revenue and profit. In the future, Shaangu Power needs to continue to optimize its asset structure, improve operating efficiency, and enhance profitability to meet market challenges.
For investors, Shaangu Power, as an expert in distributed energy system solutions, has a high position in the industry and technical advantages. Although it is currently facing certain operating pressure, the company's assets and liabilities are good, its cash flow is stable, and it has a certain investment value. Investors are advised to pay attention to changes in the company's performance and consider investing in a timely manner according to market conditions and their own investment strategies.
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.