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【BT财报瞬析】海螺水泥2023三季报:营收增长,净利润受压

[BT Financial Report Instantaneous Analysis] Conch Cement's 2023 Quarterly Report: Revenue Growth, Net Profit Under Pressure

businesstimes cn ·  11/08/2023 16:18

Announcement time of this financial report: 2023-10-27 18:30:22

Conch Cement (stock code: 600585) is an enterprise that mainly produces and sells cement, commercial clinker, aggregates and concrete, and is widely used in large-scale national infrastructure construction projects, urban real estate development, cement products, and rural markets. The company has strong resource advantages, technical advantages, talent advantages, capital advantages, market advantages and brand advantages. It continuously enhances its core competitiveness through measures such as continuously strengthening regional market operations, strengthening technological innovation, increasing investment in safety and environmental protection, and strengthening talent training.

In terms of assets and liabilities, Hailuo Cement's total assets at the end of the third quarter of 2023 were 247.072 billion yuan, up from 243,976 billion yuan at the end of the previous year. Total liabilities were $50,452 billion, up from $47.983 billion at the end of the previous year. Net assets were $196,621 billion, a slight increase from $195.994 billion at the end of the previous year. The balance ratio was 20.42%, up from 19.67% at the end of the previous year.

In terms of profit, Hailuo Cement's operating income for the third quarter of 2023 was 99.043 billion yuan, an increase of 16.07% over the same period last year of 85.328 billion yuan, mainly due to a year-on-year increase in revenue from the bulk materials trade business carried out by the Group. However, due to the decline in sales prices of cement business products, total profit decreased year-on-year. The company's net profit was 9.074 billion yuan, a decrease of 30.17% from 12.758 billion yuan in the same period last year.

In terms of cash flow, net cash flow from operating activities was $9.701 billion, up slightly from $9.593 billion in the same period last year. Cash inflows from operating activities totaled $114.639 billion, up from $105.278 billion in the same period last year. The total cash outflow from operating activities was $104.938 billion, up from $95.685 billion in the same period last year.

In summary, Hailuo Cement achieved an increase in operating income in the third quarter of 2023, but due to the decline in sales prices of cement business products, the company's net profit and operating profit both declined. At the same time, the company's balance ratio has also increased. Despite this, the company maintained a steady increase in net cash flow from operating activities.

For investors, although the net profit and operating profit of Conch Cement declined in the current period, the increase in its operating income and the steady increase in net cash flow from operating activities all indicate that the company's business activities are still stable to a certain extent. At the same time, the company's efforts to optimize domestic and foreign market layout, promote international development strategies, and accelerate the development of emerging industries such as new energy, smart logistics, energy saving and environmental protection, and intelligent manufacturing are also worth looking forward to. Investors should comprehensively consider the above factors when making investment decisions.

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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