Announcement time of this financial report: 2023-10-27 22:18:02

ST Tonglou Company (stock code: 600365) is an enterprise whose main business is wine manufacturing and sales. Its products cover various categories such as dry wine, ice wine, sweet wine, and grape spirits. In addition, the company is also engaged in e-commerce business, mainly selling consumer goods, and has established long-term cooperative relationships with more than 30 well-known domestic brands.

In terms of assets and liabilities, total assets at the end of the reporting period were 877 million yuan, down from 946 million yuan at the end of the previous year. Total liabilities were $572 million, down from $614 million at the end of the previous year. Net assets were $305 million, down from $332 million at the end of the previous year. The balance ratio was 65.2%, up slightly from 64.9% at the end of the previous year.

In terms of corporate profit, operating income from the beginning of the year to the end of the reporting period was 585 million yuan, up from 498 million yuan in the same period last year. However, operating costs also increased from 403 million yuan in the same period last year to 493 million yuan at the end of this reporting period. Gross margin was 15.72%, down from 19.03% in the same period last year. Net profit attributable to shareholders of listed companies was -71,624,700 yuan, mainly due to estimated liabilities and a decrease in overall gross margin.

In terms of cash flow, the total cash inflow from operating activities from the beginning of the year to the end of the reporting period was $416 million, up from $388 million in the same period last year. However, the total cash outflow from operating activities was 740 million yuan, a significant increase from 565 million yuan in the same period last year. The net cash flow from operating activities was -325 million yuan, mainly due to the increase in the amount of goods purchased and labor payments received by the company during this period.

In summary, ST Connect Portugal's business performance in the third quarter of 2023 was mixed. Although operating income has increased, gross margin has declined due to an increase in operating costs, resulting in a loss in net profit. At the same time, the company's cash outflow increased, resulting in a negative net cash flow from operating activities. However, the company's e-commerce business has performed well and established long-term partnerships with many well-known brands, which may provide new growth points for the company's future development.

For investors, although ST Tongporo's short-term business conditions are under pressure, the development prospects of its e-commerce business are worth looking forward to. Investors should pay close attention to the company's business conditions and the development of e-commerce business to make wise 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.