The announcement time of this financial report is: 2023-10-20 16:13:11

Xinke Materials (Stock Code: 600255), as an important domestic R & D and manufacturing base of new copper alloy materials, national high-tech enterprises, has 35 national scientific research achievements and 87 patents. The products are widely used in electric power, new energy power generation, automotive industry, electronic communications and other industries. According to the company's three quarterly reports for 2023, we will interpret its financial situation in detail.

First of all, from the perspective of assets and liabilities, the company's assets at the end of this report totaled 3.861 billion yuan, a slight increase from 3.857 billion yuan at the end of the previous year. The total debt was 2.133 billion yuan, up from 2.12 billion yuan at the end of last year. The net asset was 1.728 billion yuan, down slightly from 1.737 billion yuan at the end of last year. The asset-liability ratio was 55.24%, up from 54.96% at the end of the previous year. This shows that the size of the company's debt has expanded, but the overall financial position is stable.

Second, in terms of profitability, the company's gross margin at the end of the report was 7.7%, down from 10.36% in the same period last year. The net interest rate was-1.54%, a loss from 4.8% in the same period last year. Return on equity (ROE) was-2.01 per cent, up from 7.05 per cent at the end of the previous year. This shows that the company's profitability has declined in the current period.

Thirdly, from the beginning of the year to the end of this reporting period, the company's operating income was 2.256 billion yuan, down from 2.393 billion yuan in the same period last year. The operating profit was-412 million yuan, a loss compared with 131 million yuan in the same period last year. The operating cost was 2.082 billion yuan, down from 2.145 billion yuan in the same period last year. The net profit was-348 million yuan, a loss compared with 115 million yuan in the same period last year. This shows that the company's business performance in the current period has declined compared with the same period last year.

Finally, from the perspective of cash flow, the net cash flow generated by operating activities is-505 million yuan, which is lower than that of the same period last year. This shows that the company's cash flow position has declined compared with the same period last year.

Overall, Xinke Materials' overall financial position in the third quarter of 2023 was stable, but its profitability and business performance declined. In the face of the challenges of the economic environment, the company actively responded by continuously increasing R & D investment, upgrading equipment, promoting factory digitization, and realizing Xinke smart building. For investors, they need to pay close attention to the follow-up development of the company and make wise investment decisions.

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.