Announcement time of this financial report: 2023-10-27 18:49:04

Nanning Department Store (stock code: 600712) is a commercial retail enterprise located in Nanning, the capital of Guangxi Zhuang Autonomous Region. It mainly deals in various fields such as clothing, household goods, electronic products, and food. The company has 13 physical stores in the main commercial area of Nanning, providing convenient shopping places for local residents.

In terms of assets and liabilities, the total assets of Nanning Department Store at the end of the third quarter of 2023 were 1,573 billion yuan, down from 1,604 billion yuan at the end of the previous year. Total liabilities were $771 million at the end of the reporting period, down slightly from $783 million at the end of the previous year. The company's net assets were $803 million at the end of the reporting period, down from $821 million at the end of the previous year. The balance ratio was 48.98% at the end of the reporting period, slightly higher than 48.8% at the end of the previous year.

In terms of profit, Nanning Department Store's operating income for the third quarter of 2023 was 510 million yuan, a slight increase compared to 508 million yuan in the same period last year. Operating costs were 372 million yuan, down from 377 million yuan in the same period last year. The company's gross margin was 26.94%, up from 25.76% in the same period last year.

In terms of cash flow, the net cash flow generated by Nanning Department Store's operating activities in the third quarter of 2023 was 66.6428 million yuan, a significant improvement from -8.7562 million yuan in the same period last year. Cash inflows from operating activities totaled $1,003 million, up from $983 million in the same period last year. The total cash outflow from operating activities was $936 million, down from $992 million in the same period last year.

In summary, the overall business situation of Nanning Department Store in the third quarter of 2023 was stable. The balance and liability situation is good, cash flow has improved markedly, and gross margin has increased, showing the company's steady operation and good profitability in market competition.

For investors, the steady operation and good profitability of Nanning Department Store, as well as the significant improvement in cash flow, all show the company's investment appeal. But at the same time, investors should also pay attention to the reduction in the company's total assets and net assets, and a slight increase in the balance ratio, which may have an impact on the company's long-term development. Overall, Nanning Department Store is a company worthy of investors' attention.

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.