Announcement time of this financial report: 2023-10-27 18:59:15

Ronglian Technology (stock code: 002642) is a professional digital service provider committed to the comprehensive digital transformation of customers' core business. The company's main business includes three segments: enterprise services, IoT and big data, and life science. During the reporting period, the company continued to improve its technical level and service capabilities and was recognized by the market.

In terms of assets and liabilities, Ronglian Technology's total assets at the end of the third quarter of 2023 were 2,846 billion yuan, down from 3.188 billion yuan at the end of the previous year. Total liabilities were $1,371 million, a decrease from $1,676 million at the end of the previous year. Net assets were 1,475 million yuan, slightly lower than 1,512 billion yuan at the end of the previous year. The balance ratio was 48.19%, down from 52.57% at the end of the previous year. These data show that the company's debt scale is shrinking and the financial structure is being optimized.

In terms of profit, the company's operating income for the third quarter of 2023 was 1,694 billion yuan, down from 2,389 million yuan in the same period last year. Operating profit was -26.2417 million yuan. Compared with 18.1002 million yuan in the same period last year, the company changed from profit to loss. Operating costs were $1,465 million, down from $2.115 billion in the same period last year. Net profit was -387.762 million yuan. Compared with 135.906 million yuan in the same period last year, the company's profitability declined.

In terms of cash flow, the company's cash inflow from operating activities in the third quarter of 2023 was a subtotal of 2,364 billion yuan, down from 2,682 billion yuan in the same period last year. The total cash outflow from operating activities was $2,447 billion, down from $3.129 billion in the same period last year. Although the company's cash inflows have declined, the decline in cash outflows has been even greater, leading to an improvement in net cash flow from operating activities.

In summary, Ronglian Technology's operating conditions in the third quarter of 2023 were under some pressure. Profitability declined, but the company's debt scale was shrinking, the financial structure was being optimized, and the cash flow situation improved. The company has deep technological accumulation and market recognition in the field of digital services, and future development prospects are worth looking forward to.

For investors, although Ronglian Technology's current profit situation is poor, the optimization of its financial structure and improvement of cash flow have shown the company's ability to operate and manage. At the same time, the company's deep cultivation in the field of digital services has also laid a solid foundation for its future development. Therefore, investors can pay due attention to the subsequent development of Ronglian Technology, but they also need to pay attention to the restoration of its profitability.

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.