Announcement time of this financial report: 2023-10-27 19:37:27

Jizhong Energy (stock code: 000937) is a company mainly engaged in coal, chemicals, electricity and building materials business. Its main products are coking coal and thermal coal, which are used in the steel industry and power generation, building materials, chemicals and other industries, respectively. During the reporting period, supply in the coal market was relatively relaxed, and prices showed a volatile downward trend. With economic recovery and policy support, the coal industry is expected to maintain a relatively stable development trend in the second half of the year.

In terms of assets and liabilities, Jizhong Energy's total assets in the third quarter of 2023 reached 52.4 billion yuan, up from 51,486 billion yuan at the end of the previous year. Total liabilities also increased from $26.555 billion at the end of the previous year to $27.501 billion at the end of the reporting period. Net assets declined slightly from $24.932 billion at the end of the previous year to $24.899 billion at the end of the reporting period. The balance ratio rose from 51.58% at the end of the previous year to 52.48% at the end of the reporting period.

In terms of profit, Jizhong Energy's operating income for the third quarter of 2023 was 20.356 billion yuan, down from 29.05 billion yuan in the same period last year. Operating profit was 5.234 billion yuan, a decrease from 6.223 billion yuan in the same period last year. Operating costs were $13.474 billion, down from $19.603 billion in the same period last year. Net profit was 4.416 billion yuan, a slight decrease from 4.57 billion yuan in the same period last year. Gross margin and net profit margin were 33.81% and 21.7% respectively, both up from the same period last year.

In terms of cash flow, Jizhong Energy's net cash flow from operating activities in the third quarter of 2023 was 1,771 billion yuan, a sharp drop from 4.35 billion yuan in the same period last year. Cash inflows from operating activities totaled $17.92 billion, down from $23.193 billion in the same period last year. The total cash outflow from operating activities was $16.149 billion, down $18.843 billion from the same period last year.

In summary, the overall business performance of Jizhong Energy in the third quarter of 2023 was steady. Although operating income and operating profit declined compared to the same period last year, both gross margin and net profit margin increased, showing the company's advantages in cost control and profitability. However, the sharp decline in net cash flow requires attention, which may have an impact on the company's daily operations and future development.

For investors, Jizhong Energy's financial report for the third quarter of 2023 shows that the company is still able to maintain a steady operating situation in an environment where supply in the coal market is relaxed and prices are fluctuating and declining. This is worthy of recognition. However, the sharp decline in net cash flow requires investor attention, which may have an impact on the company's financial position. Generally speaking, investors need to comprehensively consider the company's various financial indicators and market environment 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.