Announcement time of this financial report: 2023-10-27 22:11:00
Zhongchen Co., Ltd. (stock code: 300933) is an enterprise focusing on R&D, production and sales of wires, cables and cable accessories. The company's main products include power cables of 110 kV and below, bare wires of 750 kV and below, wires and cables for electrical equipment, and cable accessories. These products are widely used in power system transmission and distribution, urban rail transit, new energy power generation, petrochemical, metallurgy and other industries and national key projects. Zhongchen Co., Ltd. has strong competitiveness in the wire and cable industry, and has been ranked as one of the top 100 competitive enterprises in China's wire and cable industry for many years.
First, in terms of assets and liabilities, the total assets of Zhongchen Co., Ltd. reached 3.689 billion yuan at the end of this reporting period, up 7.59% from the 3.429 billion yuan at the end of the previous year. Total liabilities were $2,042 million at the end of the reporting period, up from $1,847 million at the end of the previous year. Net assets were $1,647 million at the end of the reporting period, up from $1,581 million at the end of the previous year. The balance ratio was 55.36% at the end of the reporting period, up from 53.88% at the end of the previous year.
Second, in terms of profit, the company's operating income from the beginning of the year to the end of the reporting period was 2,025 billion yuan, up 3.26% from 1,961 billion yuan in the same period last year. Operating profit from the beginning of the year to the end of the reporting period was 706.69,500 yuan, down from 77.582 million yuan in the same period last year. Operating costs from the beginning of the year to the end of the reporting period were 1,723 million yuan, up from 1,665 million yuan in the same period last year. Net profit from the beginning of the year to the end of the reporting period was 654.934 million yuan, down from 74.6151 million yuan in the same period last year.
Again, 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 1,863 billion yuan, up from 1.703 billion yuan in the same period last year. The total cash outflow from operating activities from the beginning of the year to the end of the reporting period was $2,049 billion, down from $2.175 billion in the same period last year. The net cash flow from operating activities from the beginning of the year to the end of the reporting period was -186 million yuan, a significant improvement from -473 million yuan in the same period last year. The change was 60.68%, mainly due to an increase in sales repayment during the reporting period and an increase in bill settlement, which led to a decrease in cash payment for the purchase of raw materials compared to the same period last year.
In summary, the operating conditions of Zhongchen Co., Ltd. in the third quarter of 2023 were generally stable. Total assets and operating income all increased, and net cash flow improved significantly. However, the company's operating profit and net profit declined compared to the same period last year. This is an issue that investors need to pay attention to.
Finally, as a financial analyst, I recommend that when considering investing in Zhongchen Co., Ltd., investors not only pay attention to the company's operating conditions and financial data, but also pay attention to the development trends and market competition conditions of the company's industry in order to make more comprehensive and in-depth 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.