Announcement time of this financial report: 2023-10-23 18:20:00

Jiuliang (stock code: 300808) is an enterprise focusing on LED lighting product design, R & D, production and sales. Company to "DP long volume" as the core brand, committed to the development of LED lighting application industry. The company has strong product development capabilities, the main product line includes LED mobile lighting and LED home lighting. In addition, the company also expanded its portable energy storage product series in 2022, mainly for outdoor activities and emergency disaster relief.

In terms of assets and liabilities, the total assets of Jiuliang Shares in the third quarter of 2023 were 1.327 billion yuan, down from 1.379 billion yuan at the end of last year. Total liabilities amounted to 271 million yuan, down from 324 million yuan at the end of last year, and the asset-liability ratio decreased from 23.53% at the end of last year to 20.45%, indicating that the company's debt position has improved. Net assets were 1.056 billion yuan, basically the same as 1.054 billion yuan at the end of last year.

In terms of profit, the operating income of Jiuliang shares in the third quarter of 2023 was 385 million yuan, down from 403 million yuan in the same period last year. However, due to the company's successful control of operating costs, from 371 million yuan in the same period last year to 320 million yuan, the operating profit rose sharply from-18.1704 million yuan in the same period last year to 46.3089 million yuan, and the net profit turned from-13.693 million yuan in the same period last year to 41.4044 million yuan. At the same time, gross profit margin and net profit margin also increased from 7.86% and-3.4% in the same period last year to 16.88% and 10.74% respectively, showing a significant improvement in the company's profitability.

In terms of cash flow, the net cash flow generated from operating activities in the third quarter of 2023 was CNY 36.8148 million, a decrease from CNY 69.2575 million in the same period last year. Cash inflow from operating activities amounted to RMB430 million, down from RMB473 million in the same period last year, while cash outflow from operating activities amounted to RMB393 million, basically unchanged from RMB403 million in the same period last year. This was mainly due to the decrease in sales payments received and tax rebates.

On the whole, the overall operating conditions of Jiuliang Shares in the third quarter of 2023 improved. Although operating income declined, the company managed to achieve significant profit growth by effectively controlling operating costs. At the same time, the company's asset-liability position has also improved, and the decline in asset-liability ratio shows the improvement of the company's debt position. However, it is worth noting that the net cash flow generated from the Company's operating activities has decreased, which may have an impact on the Company's daily operations and future development.

For investors, Jiuliang's third-quarter 2023 earnings report shows an improvement in the company's profitability and debt position, which is a positive signal. However, investors should also be concerned about a decrease in net cash flows from the Company's operating activities, which may affect the Company's operations and development. Therefore, investors should consider the above factors comprehensively when making 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.