Announcement time of this financial report: 2023-10-27 19:32:09

Gekowei (stock code: 688728) is a leading domestic and internationally renowned semiconductor and integrated circuit design enterprise. Its main business is the R&D, design, testing and sales of CMOS image sensors and display driver chips. The company's products are widely used in consumer electronics and industrial applications such as mobile phones, tablets, notebook computers, wearable devices, mobile payments, automotive electronics, etc.

In terms of assets and liabilities, in the third quarter of 2023, Geke Micro's total assets were 19.731 billion yuan, up 8.7% from 18.152 billion yuan at the end of the previous year. Total liabilities were $11.78 billion, up from $10.257 billion at the end of the previous year. The company's net assets were 7.951 billion yuan, slightly higher than the 7.895 billion yuan at the end of the previous year. The balance ratio was 59.7%, up from 56.5% at the end of the previous year.

In terms of profit, the company's operating income for the third quarter of 2023 was 3,245 billion yuan, a year-on-year decrease of 29.01%. Operating profit was 185.606 million yuan, significantly lower than 668 million yuan in the same period last year. Operating costs were $2,235 million, down from $3.104 billion in the same period last year. Net profit was 497.257 million yuan, a sharp decrease of 91.05% over the previous year. Gross margin was 31.11%, down from 32.1% in the same period last year. The net interest rate was 1.53%, a sharp decrease from the previous year to 12.15% in the same period last year. The return on net assets (ROE) was 0.63%, down sharply from 7.13% at the end of the previous year.

In terms of cash flow, net cash flow from operating activities was $427 million, a significant improvement from -154 million yuan in the same period last year. The total cash inflow from operating activities was $4,033 billion, down from $5.611 billion in the same period last year.

In summary, Geke Micro's operating conditions in the third quarter of 2023 declined compared to the same period last year, and operating income, operating profit, and net profit all declined sharply. However, both the company's total assets and net assets have increased, and the net cash flow from operating activities has also improved.

For investors, although Geke Micro's operating conditions declined in the third quarter of 2023, the company still has advanced technology and a wide range of application fields. With the development of emerging fields and the trend of multiple smartphone cameras, the company's CMOS image sensor market position is expected to be further strengthened. Therefore, investors should fully consider the long-term development prospects of the company 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.