Announcement time of this financial report: 2023-10-27 19:57:43

Seagull Housing & Construction (stock code: 002084) is an enterprise focusing on the industrialization of interior decoration. It is mainly engaged in R&D, manufacturing and service of interior components for prefabricated kitchen and bathroom spaces. The company's main business includes the production and sale of a full range of components such as high-end sanitary ware, ceramics, bathtubs, shower rooms, bathroom cabinets, complete cabinets, tiles, etc. At the same time, it also lays out intelligent portals and security projects in the smart home field.

In terms of assets and liabilities, Seagull Housing's total assets for the third quarter of 2023 were 4.109 billion yuan, down from 4.194 billion yuan at the end of the previous year. Total liabilities were $2,030 million, down from $2,097 billion at the end of the previous year. The company's net assets were $2.106 billion, slightly higher than $2,097 billion at the end of the previous year. The balance ratio was 48.74%, down from 49.99% at the end of the previous year.

In terms of profit, Seagull Housing's operating income for the third quarter of 2023 was 2.158 billion yuan, down from 2,567 billion yuan in the same period last year. Operating profit was 3.773 million yuan, significantly lower than 94.9834 million yuan in the same period last year. Net profit was 3.7575 million yuan, which was also significantly lower than the same period last year of 833.251 million yuan. The company's gross margin was 17.48%, up from 16.49% in the same period last year, but the net profit margin was only 0.17%, significantly lower than 3.25% in the same period last year.

In terms of cash flow, the net cash flow generated by Seagull Housing's operating activities in the third quarter of 2023 was 160 million yuan, down from 216 million yuan in the same period last year. The total cash inflow from operating activities was $2,284 billion, down from $2,879 billion in the same period last year. The total cash outflow from operating activities was $2.124 billion, down from $2,663 billion in the same period last year.

In summary, Seagull Housing's operating conditions in the third quarter of 2023 were under some pressure. Operating income, operating profit, and net profit all declined, and cash flow also declined. However, the company's balance ratio has declined and gross margin has increased, indicating that the company has achieved some results in controlling costs and increasing profitability.

For investors, Seagull Housing's performance pressure is evident, but its layout in the interior industrialization sector and its development potential in the smart home sector are worth paying attention to. Investors should pay close attention to the company's business conditions and industry trends, and make rational 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.