Announcement time of this financial report: 2023-10-27 18:32:29

Hesheng Silicon (stock code: 603260) is one of the enterprises with the most complete business chain and largest production scale in the new silicon-based materials industry in China. It is mainly engaged in R&D, production and sales of silicon-based new material products such as industrial silicon and silicone. The company has strong R&D strength, production capacity and market share in the field of new silicon-based materials, and is a leading enterprise in the industry.

In terms of assets and liabilities, at the end of the third quarter of 2023, the company's total assets were 76.131 billion yuan, up 41.68% from 53.733 billion yuan at the end of the previous year. Total liabilities were $43.939 billion, up from $29.756 billion at the end of the previous year. Net assets were $32.192 billion, up from $23.978 billion at the end of the previous year. The balance ratio was 57.72%, up from 55.38% at the end of the previous year.

In terms of profit, from the beginning of the year to the end of the third quarter of 2023, the company's operating income was 19.886 billion yuan, an increase of 8.81% over the same period last year of 18.275 billion yuan. Operating profit was 2,903 billion yuan, down from 5.462 billion yuan in the same period last year. Operating costs were 15.542 billion yuan, up from 10.931 billion yuan in the same period last year. Net profit was $2.163 billion, down from $4,548 million in the same period last year. This is mainly due to falling product sales prices.

In terms of cash flow, from the beginning of the year to the end of the third quarter of 2023, net cash flow from operating activities was -160 million yuan, down from 691 million yuan in the same period last year. The total cash inflow from operating activities was $13.477 billion, up from $11.85 billion in the same period last year. The total cash outflow from operating activities was $13.637 billion, up from $11.114 billion in the same period last year. This is mainly due to an increase in the amount paid for the procurement of raw materials.

In summary, Hesheng Silicon has strong R&D strength and production capacity in the field of new silicon-based materials, and has a large market share. However, due to falling product sales prices, the company's profit and cash flow have been affected to some extent. In the future, the company needs to further enhance the competitiveness of products and optimize the cost structure to cope with changes in the market environment.

For investors, Hesheng Silicon, as a leading enterprise in the new silicon-based materials industry, has strong market competitiveness. However, due to the decline in product sales prices, the company's performance has been affected to some extent. Therefore, investors need to fully consider changes in the market environment and their impact on the company's performance when investing.

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.