Announcement time of this financial report: 2023-10-25 18:27:51

Jinjing Technology (Stock Code: 600586) is a company specializing in the architectural glass and soda ash industries. In the third quarter of 2023, the company's operating performance showed some positive changes, but there were also some challenges.

First of all, in terms of assets and liabilities, the total assets of Jinjing Technology were 11.332 billion yuan at the end of this reporting period, down slightly from 11.461 billion yuan at the end of last year. The total liabilities at the end of the reporting period were 5.531 billion yuan, a decrease of nearly 500 million yuan compared with 6.026 billion yuan at the end of the previous year, indicating that the company's debt burden has been reduced. At the end of the reporting period, the net assets were 5.801 billion yuan, an increase of nearly 400 million yuan compared with 5.435 billion yuan at the end of the previous year, indicating the growth of the company's net assets. The asset-liability ratio was 48.81% at the end of the reporting period, down nearly 4 percentage points from 52.58% at the end of the previous year, indicating that the company's financial structure has improved.

In terms of profits, Jinjing Technology's operating income from the beginning of the year to the end of this reporting period was 5.804 billion yuan, an increase from 5.683 billion yuan in the same period last year. Operating profit from the beginning of the year to the end of this reporting period was 488 million yuan, a slight increase compared with 473 million yuan in the same period last year. The net profit from the beginning of the year to the end of this reporting period was 428 million yuan, an increase of 14 million yuan compared with 414 million yuan in the same period last year. These figures show that the company's profitability has improved.

However, in terms of cash flow, the net cash flow generated by Jinjing Technology's operating activities was 685 million yuan from the beginning of the year to the end of this reporting period, down significantly from 1.209 billion yuan in the same period last year. This may indicate a decline in the cash flow capacity generated by the company's operating activities.

To sum up, the operating performance of Jinjing Technology in the third quarter of 2023 is generally positive. The company's asset-liability ratio declined and net profit increased, indicating an improvement in the company's financial position and profitability. However, the decrease in the company's net cash flow may indicate a decline in the cash flow capacity generated by the company's operating activities.

For investors, the improvement in Jinjing's financial position and profitability may be a positive sign. However, the decline in the company's net cash flow may require the attention of investors. It is suggested that investors should comprehensively consider the financial indicators and operating conditions of the company 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.