Announcement time of this financial report: 2023-10-27 18:59:09

Shenzhen Mingjiahui Technology Co., Ltd. (stock code: 300506) is an enterprise focusing on the landscape lighting industry. In recent years, due to the impact of the macro environment and economic downturn, the popularity of landscape lighting has slowed down. However, as the economy recovers and the demand for high-quality development of the nighttime economy increases, the landscape lighting industry is expected to usher in improvement and development opportunities. The company is committed to providing intelligent control, communication and other technologies to meet the market's demand for personalized and customized products.

In terms of assets and liabilities, Mingjiahui's total assets for the third quarter of 2023 were 1,267 million yuan, down from 1,477 billion yuan at the end of the previous year. Total liabilities also fell to $854 million from $956 million at the end of last year. Net assets fell to 413 million yuan from 521 million yuan at the end of last year. The balance ratio rose to 67.41% from 64.73% at the end of the previous year.

In terms of profit, Mingjiahui's operating income for the third quarter of 2023 was 68.014 million yuan, a sharp drop from 159 million yuan in the same period last year. The operating cost was 65.532,200 yuan, down from 133 million yuan in the same period last year. Gross margin fell to 3.76% from 16.37% in the same period last year. Net profit attributable to shareholders of listed companies was -108 million, down from net profit for the same period last year.

In terms of cash flow, Mingjiahui's net cash flow from operating activities in the third quarter of 2023 was 408.686 million yuan, a significant increase from -43.4973 million yuan in the same period last year. The total cash inflow from operating activities was $322 million, down from $351 million in the same period last year. The total cash outflow from operating activities was $281 million, down from $394 million in the same period last year.

In summary, there were some fluctuations in Mingjiahui's business conditions in the third quarter of 2023. The rise in the balance ratio and the decline in operating income and net profit indicate that the company is facing some challenges in terms of operation. However, the sharp increase in net cash flow from operating activities indicates that the company has achieved certain results in managing cash flow.

Investors need to pay attention to Mingjiahui's future business strategies and market trends. Although the company is currently facing some challenges, as the economy recovers and the demand for high-quality development of the nighttime economy increases, the landscape lighting industry is expected to usher in opportunities for improvement and development. In addition, the improvement of the company's cash flow management capabilities has also provided some support for its 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.