Jiangsu Suyan Jingshen Co., Ltd. (stock code: 603299) is a listed company focusing on salt mining and the production and sale of salt chemical products. The company's main products include table salt, two-alkali industrial salt, small industrial salt and soda ash. Among them, table salt is a daily necessity, while two-alkali industrial salt and small industrial salt are widely used in related industrial fields. As a midstream industry, the gross margin of the soda ash industry is affected by both price and cost.

In terms of assets and liabilities, Suyan Jingshen's 2023 three-quarter report shows that the company's total assets reached 10.428 billion yuan, an increase of 7.27% over 9.722 billion yuan at the end of the previous year. Total liabilities were $4.79 billion, up 9.5% from $4.375 billion at the end of the previous year. Net assets increased from 5.347 billion yuan at the end of the previous year to 5.638 billion yuan. The balance ratio rose slightly, from 45% at the end of the previous year to 45.94%, indicating that the company's financial structure is relatively stable.

In terms of profit, Suyan Jingshen's revenue fell to 4.47 billion yuan in the same period last year to 4.185 billion yuan, a decrease of 6.37%. Operating profit and net profit were 669 million yuan and 547 million yuan, respectively, down 21.6% and 22.3% from the same period last year. Gross margin and net margin also declined, from 33.75% and 15.77% to 33.3% and 13.07%, respectively. Return on net assets (ROE) declined from 14.53% to 9.96%. The decline in these indicators was mainly due to market influence, which led to a setback in sales of the company's main products.

In terms of cash flow, the net cash flow from Suyan Jingshen's operating activities was 1,339 billion yuan, an increase of 7.56% over the same period last year of 1,245 billion yuan. This indicates that the company's cash flow situation has improved. Cash inflows and outflows from operating activities were 4.846 billion yuan and 3,507 billion yuan respectively. Compared with the same period last year, cash inflows decreased, but the decline in cash outflows was even more significant.

In summary, the overall operating conditions of Suyan Jingshen in the third quarter of 2023 showed a steady increase in assets, but profits declined due to market influence. The company's cash flow situation is relatively healthy, showing good cash management capabilities.

For investors, although Suyan Jingshen's short-term profitability declined due to market challenges, the company's asset quality remained stable and cash flow was good. These factors may help the company quickly resume growth as the market environment improves in the future. When considering investing in Suyan Jingshen, investors should pay attention to the company's ability to cope with market changes, as well as its competitive position and long-term development strategy in the salt chemical industry.

This article only represents the analyst himself or the analyst's judgment 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 is to help investors analyze and judge capital market data from the most professional perspective in the most intuitive and fast way.