Announcement time of this financial report: 2023-10-19 17:53:13

Ancestral shares (stock code: 003030) is a company belonging to the bean products manufacturing industry, with soybeans, black beans, peas and other beans as the main raw materials, processed food. The market size of the bean products industry is more than 100 billion yuan, the development advantages of large-scale enterprises are becoming more and more obvious, and the concentration of the industry is increasing.

According to the third-quarter financial results of ancestral shares in 2023, assets at the end of this report totaled 1.867 billion yuan, up from 1.75 billion yuan at the end of the previous year. The total liabilities at the end of this report were 802 million yuan, up from 713 million yuan at the end of the previous year. This shows that the company's total assets and liabilities have increased.

It is worth noting that the goodwill at the end of the reporting period was 1.81 million yuan, indicating that the company may have carried out mergers and acquisitions during the reporting period, increasing goodwill. The increase of goodwill can increase the total assets of the company, but we also need to pay attention to the risk of goodwill impairment.

In terms of net assets, the net assets at the end of this report were 1.064 billion yuan, a slight increase compared with 1.037 billion yuan at the end of the previous year. This shows that the owner's equity of the company is increasing, but the growth rate is relatively small.

According to the financial report, the asset-liability ratio at the end of this report was 42.98%, up from 40.77% at the end of the previous year. This means that the ratio of liabilities to assets of the company has increased, and the financial risk may increase accordingly.

In terms of profitability, the gross profit margin from the beginning of the year to the end of the reporting period was 26.47%, an increase from 24.8% in the same period last year, indicating that the company's profitability has improved. However, the net interest rate decreased from 3.34% in the same period last year to 3.12% at the end of the reporting period. The return on equity (ROE) at the end of the reporting period was 3.16%, down from 3.62% at the end of the previous year, which may be due to a decrease in net profit or an increase in net assets.

Overall, the financial position of ancestral shares was stable in the third quarter of 2023, with an increase in net assets and an increase in gross profit margin, but a decrease in net profit margin and return on net assets. The increase of goodwill may bring some risks. Investors need to take these factors into consideration when considering investment.

This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.