Announcement time of this financial report: 2023-10-25 18:30:26

Helen Piano (stock code: 300329) is a cultural industry company focusing on the R&D, manufacturing, sales and service of piano products. The company adheres to the core values of “integrity, innovation and service” and is committed to enhancing the added value of product brands and market competitiveness. The company's main products include traditional pianos and accessories, smart pianos, etc., to meet market demand through continuous improvement of product performance and application of new technology.

In terms of assets and liabilities, Helen Piano's total assets for the third quarter of 2023 were 1,387 billion yuan, down from 1,409 billion yuan at the end of the previous year. Total liabilities were $460 million, a decrease from $488 million at the end of the previous year. Net assets were $927 million, up from $921 million at the end of the previous year. The balance ratio was 33.19%, down from 34.66% at the end of the previous year. These data show that the company's balance and liability situation is generally stable, and the debt ratio has declined, indicating that the company's financial risk has decreased.

In terms of profit, the company's operating income for the third quarter of 2023 was 229 million yuan, down from 293 million yuan in the same period last year. Operating profit was $10.9019 million, up from $9.223,500 in the same period last year. Operating costs were 171 million yuan, down from 218 million yuan in the same period last year. Net profit was $6,031,400, down from $8.0793 million in the same period last year. These data show that the company's operating income and net profit have declined, but operating profit has increased, indicating that the company has done a good job in controlling costs.

In terms of cash flow, the company's net cash flow from operating activities in the third quarter of 2023 was RMB 26.934 million. Compared with RMB 51.3666 million in the same period last year, the cash flow performance was impressive. The total cash inflow from operating activities was $316 million, up from $275 million in the same period last year. The total cash outflow from operating activities was $289 million, down from $326 million in the same period last year. These data show that the company has done a good job in cash flow management, and the net cash flow generated by operating activities has increased dramatically, which is beneficial to the company's daily operations and future development.

In summary, Helen Piano's operating conditions in the third quarter of 2023 were generally stable, the balance ratio declined, and the cash flow performance was impressive. However, the company's operating income and net profit have declined, which requires attention. In the future, the company needs to continue to optimize product structure, improve product quality, expand market share, and at the same time strengthen cost control and increase profitability.

For investors, Helen Piano has strong market competitiveness as a cultural industry company focusing on the R&D, manufacturing, sales and service of piano products. Although the company's operating income and net profit have declined, the balance ratio has declined, and the cash flow performance is impressive, showing that the company has good financial management capabilities. Therefore, investors can pay due attention to the subsequent development of Helen Piano, but they also need to pay attention to the company's revenue and profit situation.

This article only represents the judgments made by analysts themselves or analysts 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 was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.