Announcement time of this financial report: 2023-10-28 00:10:13

Ren Zixing Network Technology Co., Ltd. (stock code: 300311) is an enterprise focusing on the cybersecurity market. With the rapid development and widespread application of emerging technologies such as cloud computing, the Internet of Things, big data, artificial intelligence and machine learning, and 5G, the digital industry has entered a stage of rapid growth. According to data from the China Cybersecurity Industry Alliance, China's cybersecurity market is about 71.2 billion yuan in 2022. It is expected that the future growth rate will remain above 15%, and the market size will reach 82.7 billion yuan by 2023. The company focuses on the field of cybersecurity and mainly engages in cybersecurity business.

In terms of assets and liabilities, total assets at the end of the reporting period were $1,388 million, down from $1,566 billion at the end of the previous year. Total liabilities were $652 million, down from $707 million at the end of the previous year. Net assets were $736 million, down from $859 million at the end of the previous year. The balance ratio was 46.99%, up from 45.13% at the end of the previous year.

In terms of profit, operating income from the beginning of the year to the end of the reporting period was 279 million yuan, down from 471 million yuan in the same period last year. Operating costs were $134 million, down from $222 million in the same period last year. Gross margin was 51.86%, down from 52.84% in the same period last year.

In terms of cash flow, net cash flow from operating activities from the beginning of the year to the end of the reporting period was $155.77 million, a significant increase from -$122 million in the same period last year. Cash inflows from operating activities totaled $542 million, down from $613 million in the same period last year. The total cash outflow from operating activities was $526 million, down from $735 million in the same period last year.

In summary, Ren Zixing's operating conditions in the third quarter of 2023 were under some pressure. Operating income and net assets both declined, but the net cash flow from operating activities increased dramatically, indicating an improvement in the company's cash flow. At the same time, the rapid growth of the cybersecurity market has provided a broad market space for the company's development.

For investors, as a professional company in the field of cybersecurity, Ren Zixing has strong market competitiveness. Although the current business situation is under some pressure, as the cybersecurity market continues to expand, the company's development prospects are worth looking forward to. Investors should pay attention to the company's future business conditions and market trends, and make rational investment decisions.

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.