Announcement time of this financial report: 2023-10-27 19:18:19
Jingrui Electric Materials (stock code: 300655) is a company operating in the semiconductor industry. Its main products include photoresists and wet electronic chemicals such as electronic grade sulfuric acid, hydrogen peroxide, ammonia, developer, stripping liquid, and cleaning solution. In 2023, the global semiconductor industry will face the characteristics of de-inventory. Demand in the downstream terminal market is weak, and the supply chain continues to adjust inventory, causing the global integrated circuit industry to enter a downward cycle. However, with the strengthening of the country's support for the semiconductor and materials industry, the domestic substitution process is accelerating, which is expected to continue to drive the growth in demand for the company's products.
In terms of assets and liabilities, Jingrui Electric's total assets at the end of the third quarter of 2023 were 4.139 billion yuan, an increase of 28.72% compared to 3,216 billion yuan at the end of the previous year. Total liabilities were $1,645 million, up 38.82% from $1,185 million at the end of the previous year. Net assets were 2,494 billion yuan, up 22.77% from 2,031 billion yuan at the end of the previous year. The balance ratio was 39.75%, up from 36.85% at the end of the previous year.
In terms of profit, Jingrui Electric's operating income from January to September 2023 was 959 million yuan, down 28.30% from 1,338 million yuan in the same period last year. Operating costs were 731 million yuan, down 31.06% from 1.06 billion yuan in the same period last year. Operating profit was -7.3429 million yuan, down 105.95% from 123 million yuan in the same period last year. Net profit was 116.12,400 yuan, down 89.37% from 108 million yuan in the same period last year. These changes are mainly due to a decline in operating income in the current period.
In terms of cash flow, the net cash flow from Jingrui Electric's operating activities from January to September 2023 was RMB 45.3223 million, down 79.56% from RMB 222 million in the same period last year. The total cash inflow from operating activities was 743 million yuan, down 19.87% from 928 million yuan in the same period last year. The total cash outflow from operating activities was 697 million yuan, down 1.27% from 706 million yuan in the same period last year. These changes are mainly due to a decline in sales return payments in the current period.
In summary, Jingrui Electric Materials faced some challenges in 2023. Operating income, operating profit, and net profit all declined, and net cash flow also decreased. However, both the company's total assets and net assets have increased, showing the company's ability in asset management. Faced with the downward pressure on the industry, Jingrui Electric has responded positively and sought new growth points through domestic substitution and other means.
Investors should fully consider the above factors when considering investing in Jingrui Electric Materials. Although the company is facing some challenges in the short term, in the long run, as the country strengthens its support for the semiconductor and materials industry, Jingrui Electric is expected to find new growth opportunities in areas such as domestic production substitution. At the same time, investors should also pay attention to the company's balance and liability status and changes in cash flow in order to have a more comprehensive understanding of the company's business conditions.
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.