Announcement time of this financial report: 2023-10-27 19:25:15
Jiuding Investment Company (stock code: 600053) is a company mainly engaged in private equity investment management and real estate development and management. According to its financial report for the third quarter of 2023, the company has certain strength and experience in private equity investment management and real estate development and operation, and will continue to work to create value for investors and meet market demand.
In terms of assets and liabilities, the total assets of Jiuding Investment Company at the end of the third quarter of 2023 were 3.428 billion yuan, down from 3.471 billion yuan at the end of the previous year. Total liabilities were $498 million, slightly higher than $494 million at the end of the previous year. The company's net assets were $2,931 billion, down from $2,976 billion at the end of the previous year. The balance ratio was 14.52%, up from 14.24% at the end of the previous year.
In terms of profit, the operating income of Jiuding Investment Company for the third quarter of 2023 was 202 million yuan, down from 358 million yuan in the same period last year. Operating profit was 178.676 million yuan, a sharp decrease from 166 million yuan in the same period last year. Net profit was 22.37,000 yuan, a sharp decrease from 111 million yuan in the same period last year. Gross margin was 99.72%, up from 99.11% in the same period last year. The net interest rate was 11.05%, down sharply from 30.89% in the same period last year. The return on net assets (ROE) was 0.76%, down sharply from 3.88% at the end of the previous year.
In terms of cash flow, the net cash flow generated by Jiuding Investment Company's operating activities in the third quarter of 2023 was 32.832 million yuan, a sharp decline from 158 million yuan in the same period last year. The total cash inflow from operating activities was $312 million, down from $550 million in the same period last year. The total cash outflow from operating activities was $345 million, down from $392 million in the same period last year.
In summary, the operating conditions of Jiuding Investment Company in the third quarter of 2023 faced certain challenges. In the private equity investment management business, management fees were reduced as stock funds entered the exit period. At the same time, management remuneration declined due to a decrease in the number of project exits, leading to a decline in operating income and net profit. In the real estate business, net profit loss increased year over year due to a decrease in carry-over income in the current period compared to the same period last year.
For investors, although the operating conditions of Jiuding Investment Company in the third quarter of 2023 faced certain challenges, the company has certain strength and experience in private equity investment management and real estate development and management, and may still create value for investors in the future. Therefore, when making investment decisions, investors should fully consider the company's business conditions and industry environment 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.