Announcement time of this financial report: 2023-10-27 18:59:04

First, let's take a look at Zhongbai Group. Zhongbai Group Co., Ltd. is a large chain enterprise with commercial retail as its main business. It operates in various business formats, including integrated supermarkets, community supermarkets, 24-hour convenience stores, shopping centers, electronics monopolies, smart logistics, food factories, retail technology, and plastic products production. The company has many outlets in the Hubei market, and the scale and volume of operations rank among the highest. The company has built a modern business ecosystem with commercial retail as the main focus, digital intelligence technology, logistics and distribution, food processing, and environmentally friendly packaging as backstage support.

In terms of assets and liabilities, total assets at the end of the reporting period were $12.14 billion, down from $12.576 billion at the end of the previous year. Total liabilities were $9.346 billion, a decrease from $9.759 billion at the end of the previous year. Net assets were $2,794 million, slightly lower than $2,817 million at the end of the previous year. The balance ratio was 76.98%, down from 77.6% 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 9.187 billion yuan, a slight decrease from 9.211 billion yuan in the same period last year. Operating costs were 6.943 billion yuan, a slight increase from 6.935 billion yuan in the same period last year. Gross margin was 24.43%, slightly lower than 24.71% in the same period last year.

In terms of cash flow, net cash flow from operating activities was $782 million, down from $895 million in the same period last year. The total cash inflow from operating activities was 10.65 billion yuan, a slight decrease from 10.745 billion yuan in the same period last year. The total cash outflow from operating activities was $9.868 billion, a slight increase from $9.85 billion in the same period last year.

In summary, the business conditions of Zhongbai Group in the third quarter of 2023 were generally stable. Despite facing some challenges, the company maintained a good business trend. Net profit attributable to shareholders of listed companies increased 62.36% over the same period last year, mainly due to the increase in operating profit in the current period compared to the same period last year. In addition, basic earnings per share increased by 62.15% over the same period last year. The main reason is that net profit attributable to shareholders of listed companies increased in the current period compared to the same period last year.

For investors, the operating conditions and financial performance of Zhongbai Group are worth paying attention to. Despite some pressure on the company's assets, liabilities, and cash flow, its profit growth performance is encouraging. At the same time, the company's competitive strength and position in the industry have also been recognized by the China Chamber of Commerce and the China Chain Management Association, which also provides strong support for the company's future development.

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.