Announcement time of this financial report: 2023-10-27 18:30:43
ST Reed (stock code: 600666) is a company focusing on the R&D, production and sales of special equipment for sapphire crystal growth, sapphire crystal materials, and sapphire products. However, in the third quarter of 2023, the company's sales revenue and sales volume both declined, leading to a sharp decrease in operating income over the same period last year.
In terms of assets and liabilities, total assets at the end of the reporting period were 2,643 billion yuan, down from 3.462 billion yuan at the end of the previous year. Total liabilities were $1.06 billion, down from $1,755 million at the end of the previous year. Net assets were $1,583 million, down from $1,757 million at the end of the previous year. The balance ratio was 40.11%, down from 49.25% 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 242 million yuan, a sharp drop from 410 million yuan in the same period last year. Operating costs were $247 million, down from $387 million in the same period last year. Gross margin was -2.05%, a sharp drop from 5.58% in the same period last year. The return on net assets (ROE) was -10.42%.
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 -260 million yuan, a sharp decrease from $14.1751 million in the same period last year. The total cash inflow from operating activities was 98.3845 million yuan, a sharp decrease from 317 million yuan in the same period last year. The total cash outflow from operating activities was $358 million, up from $302 million in the same period last year.
In summary, ST Reed's operating conditions in the third quarter of 2023 had some problems. Operating income declined sharply, and net cash flow also declined sharply. However, the company's balance ratio has declined, indicating that the company has improved in debt management.
For investors, although ST Reed's operating conditions in the third quarter of 2023 had some problems, the company's balance ratio declined, indicating that the company's debt management had improved. Therefore, when considering investing in ST Reed, investors need to comprehensively consider the company's various financial indicators and operating conditions.
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