Announcement time of this financial report: 2023-10-27 19:37:28

Zhonglan Environmental Technology Co., Ltd. (stock code: 300854) is a high-tech enterprise focusing on the development and application of solid waste pollution prevention technology. The company is mainly engaged in comprehensive solid waste management business in the environmental protection industry, including business segments such as pollution isolation systems, ecological environment restoration, renewable resource utilization, and comprehensive landfill operations. The company has more than 20 years of pollution isolation system business experience, and the technology has been applied to more than 600 projects in more than 100 cities.

In terms of assets and liabilities, at the end of the third quarter of 2023, the company's total assets were 1,582 billion yuan, a slight decrease from 1,585 billion yuan at the end of the previous year. Total liabilities were $591 million, down from $598 million at the end of the previous year. The company's net assets were 991 million yuan, up from 987 million yuan at the end of the previous year. The balance ratio was 37.35%, down from 37.71% at the end of the previous year.

In terms of profit, from the beginning of the year to the end of the third quarter of 2023, the company's operating income was 523 million yuan, up from 497 million yuan in the same period last year. Operating profit was 8.075 million yuan, down from 16.8526 million yuan in the same period last year. Operating costs were 389 million yuan, up from 379 million yuan in the same period last year. Net profit was 7.0993 million yuan, down from 14.455 million yuan in the same period last year. The decrease in net profit is mainly due to the company's credit risk considerations for project receivable customer performance, and there are more preparations for accruing bad debts in the current period.

In terms of cash flow, from the beginning of the year to the end of the third quarter of 2023, the net cash flow from operating activities was RMB 25.5102 million, a significant improvement from -RMB 60.22,400 in the same period last year, mainly due to the increase in cash received from the sale of products and services provided in the current period compared to the same period.

In summary, Zhonglan Environmental Protection's business conditions in the third quarter of 2023 were generally stable. Although net profit has declined, the company's total assets and net assets have remained stable, and the balance ratio has declined, indicating a good financial situation. At the same time, the net cash flow from the company's operating activities improved markedly, reflecting the improvement in the efficiency of the company's operating activities.

For investors, Zhonglan Environmental Protection, as a benchmark enterprise in the field of solid waste pollution prevention and control, has stable business and good market prospects. Although the company's net profit has declined in the short term, in the long run, the company's operating conditions have been steady, the cash flow situation has improved, and it has good investment value. Investors are advised to pay attention to the long-term development of the company and make rational investment decisions based on market conditions and their own investment strategies.

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.