Announcement time of this financial report: 2023-10-27 19:25:15
Shouchuang Environmental Protection Company (stock code: 600008) is an enterprise focusing on ecological environment protection. It is committed to promoting the achievement of carbon peak and carbon neutrality strategic goals, and actively participates in the formulation and implementation of environmental protection industry plans and policies. The company mainly focuses on environmental issues such as solid waste, sewage, atmosphere, soil, resource utilization, etc., and provides corresponding solutions and services.
In terms of assets and liabilities, Shouchuang Environmental's total assets at the end of the third quarter of 2023 were 107.272 billion yuan, up from 104.895 billion yuan at the end of the previous year. Total liabilities were $67.011 billion, a slight increase from $66.4 billion at the end of the previous year. Net assets were $40261 million, up from $38.496 billion at the end of the previous year. The balance ratio was 62.47%, down from 63.3% at the end of the previous year.
In terms of profit, Shouchuang Environmental's operating revenue for the third quarter of 2023 was 14.131 billion yuan, down from 15.2 billion yuan in the same period last year. Operating profit was $2.131 billion, a sharp drop from $4.902 billion in the same period last year. Net profit was $1,697 million, a significant decrease from $4,432 million in the same period last year. Gross margin was 34.23%, down slightly from 35.53% in the same period last year. The net interest rate was 12.01%, a sharp drop from 29.16% in the same period last year. The return on net assets (ROE) was 4.31%, a sharp decrease from 11.1% at the end of the previous year.
In terms of cash flow, the net cash flow from Shouchuang Environmental's operating activities in the third quarter of 2023 was $1,949 million, a slight increase from $1,918 billion in the same period last year. Cash inflows from operating activities totaled $12.276 billion, down from $13.456 billion in the same period last year. The total cash outflow from operating activities was $10.327 billion, down from $11.538 billion in the same period last year.
In summary, the total assets and net assets of Shouchuang Environmental Protection increased in the third quarter of 2023, and the balance ratio declined, indicating that the company's asset management capabilities have improved. However, the company's profit performance was poor. Operating income, operating profit, and net profit all declined sharply, and gross margin and net margin also declined, indicating that the company's profitability had declined. In terms of cash flow, the net cash flow from the company's operating activities has increased, indicating that the company's operating activities can continue to generate positive cash flow.
For investors, Shouchuang Environmental Protection has shown a positive attitude and action in advancing the environmental protection business, but its performance in terms of profitability is weak. Investors need to comprehensively consider the company's business development prospects, profitability, and cash flow when considering investing in environmental protection initiatives.
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