Announcement time of this financial report: 2023-10-27 17:24:54

ST Shanghai Branch (Stock Code: 600608) is a company mainly engaged in commodity trading and is gradually transforming into integrated services in the supply chain. Its main products include plastic particle products, non-ferrous metal products, edible agricultural products and production and living materials in chemical raw materials. Through resource matching and program planning, the company provides purchasing and marketing services for customers, and through centralized procurement, order management, inventory management, etc., to achieve rapid resource matching for upstream and downstream enterprises, reduce operational risks and business costs, improve operational efficiency, and create supply chain value-added for customers.

In terms of assets and liabilities, ST Shanghai Branch's total assets in the third quarter of 2023 were 154 million yuan, down from 198 million yuan at the end of the previous year. The total liabilities were 82.7177 million yuan, which was also lower than the 127 million yuan at the end of last year. The net asset was 71.5905 million yuan, a slight increase compared with 70.922 million yuan at the end of last year. The asset-liability ratio was 53.61%, down from 64.1% at the end of the previous year.

In terms of profit, ST Shanghai Branch's operating income in the third quarter of 2023 was 145 million yuan, down from 285 million yuan in the same period last year. Operating profit was 1.149 million yuan, down sharply from 5.6918 million yuan in the same period last year. The operating cost was 139 million yuan, down from 273 million yuan in the same period last year. Net profit was 672700 yuan, down sharply from 3.585 million yuan in the same period last year.

In terms of cash flow, the net cash flow generated by ST Shanghai Branch's operating activities in the third quarter of 2023 was-6.7642 million yuan, compared with 9.0768 million yuan in the same period last year. Cash inflow from operating activities totaled 212 million yuan, down from 306 million yuan in the same period last year. Cash outflow from operating activities totaled 219 million yuan, down from 297 million yuan in the same period last year.

To sum up, ST Shanghai Branch faced some challenges in the third quarter of 2023. In the market demand recovery is not as expected, the company's operating income and net profit have declined. At the same time, the company's cash flow also has a negative change. However, the company's asset-liability ratio has decreased, indicating the company's efforts in asset and liability management.

For investors, although ST Shanghai Ke faces some challenges in the third quarter of 2023, the decline in the company's asset-liability ratio shows the company's efforts in asset and liability management. When considering investing in ST Shanghai Stock Exchange, investors should fully consider these factors and make decisions according to their own investment objectives and risk tolerance.

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.