Announcement time of this financial report: 2023-10-27 19:18:19

Established in 1998, Jinke Co., Ltd. (stock code: 000656) is a leading “beautiful life service provider” in the urban development process in China. The company has first-class qualifications in the fields of real estate development, construction of construction projects, municipal public works construction, property management, architectural design and decoration. The company adheres to the high-quality development strategy of “four in one, ecological collaboration” and is committed to building “real estate +” competitiveness, including smart services, technology industry investment and operation, and business travel and health IP development.

In terms of assets and liabilities, the total assets of Jinke Co., Ltd. in the third quarter of 2023 were 26.327 billion yuan, down from 299.536 billion yuan at the end of the previous year. Total liabilities were $227.115 billion, a decrease from $26.649 billion at the end of the previous year. Net assets were $33.212 billion, down from $38.886 billion at the end of the previous year. The balance ratio was 87.24%, slightly higher than 87.02% at the end of the previous year.

In terms of profit, operating income from the beginning of the year to the end of the reporting period was 43,061 billion yuan, slightly lower than the same period last year of 43.415 billion yuan. Operating profit was $247 million, a significant improvement from $5228 million in the same period last year. Operating costs were $37.94 billion, down from $40.79 billion in the same period last year. Gross margin was 13.86%, significantly higher than 6.04% in the same period last year.

In terms of cash flow, net cash flow from operating activities from the beginning of the year to the end of the reporting period was -1,667 million yuan, down from $6.939 billion in the same period last year. Cash inflows from operating activities totaled $15.417 billion, down from $45.338 billion in the same period last year. The total cash outflow from operating activities was $17.085 billion, down from $38.399 billion in the same period last year.

In summary, the total assets and liabilities of Jinke Co., Ltd. declined in the third quarter of 2023, and operating income declined slightly, but operating profit improved markedly and gross margin increased sharply, indicating an improvement in the company's operating conditions. However, there has been a decline in net cash flow from operating activities, indicating pressure on financial flows.

For investors, Jinke Co., Ltd.'s financial report for the third quarter of 2023 shows improvements in the company's operating efficiency and profitability, but the pressure on cash flow still needs attention. Investors should comprehensively consider the company's operating conditions, cash flow, and overall industry and market trends 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.