Announcement time of this financial report: 2023-10-27 22:19:26
Yibin Paper Co., Ltd. (stock code: 600793) is an enterprise mainly engaged in the production and sale of food packaging base paper, household paper base paper, and finished household paper. Its main business includes the production and sale of base paper for food packaging, household paper, and finished household paper. The company has an advantage in the supply of raw materials, and the surrounding rich bamboo resources have provided the company with sufficient raw materials. At the same time, the company is located in an area with convenient transportation, providing good conditions for the transportation of products and raw materials. In addition, the company focuses on environmental protection, adopts the integrated development model of bamboo pulp and paper, makes full use of the region's bamboo forest resources, and has environmental advantages.
In terms of assets and liabilities, the total assets of Yibin Paper at the end of the third quarter of 2023 were 2,585 billion yuan, down from 2,857 billion yuan at the end of the previous year. Total liabilities were $1,887 million, down from $2.199 billion at the end of the previous year. Net assets were 599 million yuan, a decrease from 658 million yuan at the end of the previous year. The balance ratio was 76.85%, a slight decrease from 76.97% at the end of the previous year.
In terms of profit, the company's operating income for the third quarter of 2023 was 1,681 billion yuan, down from 1,797 million yuan in the same period last year. Operating profit was -66.2993 million yuan, which turned into a loss compared to 25.1581 million yuan in the same period last year. Net profit was -59.49 million yuan, which also turned into a loss compared to 273.44,600 yuan in the same period last year. Gross margin was 4.22%, down from 8.26% in the same period last year. The net interest rate was -3.54%, which also turned negative from 1.52% in the same period last year. This is mainly due to the decline in gross margin of major products due to the impact of the industry environment in this period.
In terms of cash flow, the net cash flow from the company's operating activities in the third quarter of 2023 was $218 million, down from $305 million in the same period last year. Cash inflows from operating activities totaled $1,843 billion, up from $1.61 billion in the same period last year. The total cash outflow from operating activities was $1,625 million, up from $1,305 billion in the same period last year.
In summary, Yibin Paper faced some challenges in the third quarter of 2023. Although the company has advantages in the supply of raw materials and environmental protection, the gross margin of major products has declined due to the impact of the industry environment, causing the company's net profit to turn into a loss. At the same time, the company's cash flow also declined to a certain extent.
For investors, in the face of this situation in Yibin Paper, they need to be careful. Although the company has advantages in raw material supply and environmental protection, the impact of the current industry environment still exists. Therefore, investors need to fully consider these factors when making investment decisions.
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.