Announcement time of this financial report: 2023-10-27 18:51:09
Suzhou Keda (stock code: 603660) is an important domestic audio and video product and comprehensive application service provider. It mainly provides domestic and foreign government and enterprise customers with video conferencing, security monitoring, and audio and video integration application products and solutions. There were no major changes in the company's industry or main business during the reporting period. Video technology is still used to empower industry users and promote the construction of new smart cities and the digital transformation of domestic and foreign government and enterprise customers.
In terms of assets and liabilities, Suzhou Keda's total assets for the third quarter of 2023 were 2,907 billion yuan, down from 3,323 billion yuan at the end of the previous year. Total liabilities were $1,887 million, down from $2,004 billion at the end of the previous year. Net assets were $1.02 billion, down from $1,319 billion at the end of the previous year. The balance ratio was 64.91%, up from 60.3% at the end of the previous year.
In terms of profit, Suzhou Keda's operating income for the third quarter of 2023 was 1,134 billion yuan, a slight decrease from 1,172 billion yuan in the same period last year. Operating costs were 517 million yuan, down from 546 million yuan in the same period last year. Gross margin was 54.4%, up from 53.39% in the same period last year.
In terms of cash flow, Suzhou Keda's cash inflow from operating activities in the third quarter of 2023 was a subtotal of 1.65 billion yuan, down from 1,743 billion yuan in the same period last year. The total cash outflow from operating activities was $1,726 million, down from $2.152 billion in the same period last year. This shows that the company has strengthened its accounts receivable management, and the net cash flow from operating activities has increased year-on-year.
In summary, Suzhou Keda's operating conditions in the third quarter of 2023 were generally stable, with an increase in balance ratio and a slight decrease in operating income, but improvements in cash flow management. In the future, with the rapid development of next-generation information technology such as 5G, cloud computing, big data, and artificial intelligence, smart city construction and digital transformation will provide more development opportunities for the company.
Finally, for investors, Suzhou Keda, as an enterprise focusing on audio and video products and comprehensive application services, has strong market competitiveness. But at the same time, we also need to pay attention to changes in the company's balance ratio and operating income, as well as the company's performance in managing cash flow.
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.