Announcement time of this financial report: 2023-10-27 22:19:38

Aerospace Changfeng Company (stock code: 600855) is a listed military asset enterprise based on the Aerospace Science and Industry Group. The company's main business includes three segments: high-end medical equipment, military electronics, and public safety. In the field of high-end medical equipment, the company focuses on the development and sales of domestic high-end medical devices to provide hospitals with advanced medical products and customized services. In the field of military electronics, the company is mainly engaged in the development, production and sales of military power supplies and infrared thermal imaging equipment. In the field of public safety, the company provides system solutions, scenario solutions and system integration engineering projects to provide users with overall solutions for related technology and services.

In terms of assets and liabilities, at the end of the third quarter of 2023, Aerospace Changfeng's total assets were 4.162 billion yuan, up from 4,021 billion yuan at the end of the previous year. Total liabilities were $2,005 billion, down from $2.13 billion at the end of the previous year. The company's net assets were $2.158 billion, up from $1,881 million at the end of the previous year. The balance ratio was 48.16%, down from 52.97% at the end of the previous year.

In terms of profit, from the beginning of the year to the end of the third quarter of 2023, the company's operating income was 859 million yuan, down from 1,066 million yuan in the same period last year. Operating costs were $623 million, down from $773 million in the same period last year. Gross margin was 27.48%, which is basically the same as 27.47% in the same period last year.

In terms of cash flow, from the beginning of the year to the end of the third quarter of 2023, the total cash inflow from the company's operating activities was 943 million yuan, down from 1,097 million yuan in the same period last year. The total cash outflow from operating activities was $1,138 billion, down from $1,376 million in the same period last year.

In summary, Aerospace Changfeng's operating conditions in the third quarter of 2023 were generally stable, the balance ratio declined, and operating income and cash flow declined. The company performed well in the military electronics and high-end medical equipment business, but due to declining profits in the military electronics infrared photoelectric business and public safety business, the company's overall performance fell short of expectations.

For investors, Aerospace Changfeng is an enterprise with strong market influence, and its main business has a certain competitive advantage within the industry. However, investors also need to pay attention to changes in the company's operating income and cash flow, as well as the development of the military electronics infrared photoelectric business and public safety business.

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.