Announcement time of this financial report: 2023-10-27 19:37:28

Chengdu Road and Bridge Company (stock code: 002628) is a construction enterprise focusing on the construction of transportation infrastructure such as roads, bridges, and tunnels. The company's main business model includes two forms: single project contract and investment, financing and construction. The company has a certain market position in the field of transportation infrastructure construction. With industry advantages such as complex qualifications, business area, and engineering control, the company actively promotes the upgrading of main business capacity and the expansion of new industries.

In terms of assets and liabilities, total assets at the end of the reporting period were 7.331 billion yuan, down from 7.681 billion yuan at the end of the previous year. Total liabilities were $4.255 billion, down from $4.603 billion at the end of the previous year. The net assets were 3,076 billion yuan, not much different from the 3,078 billion yuan at the end of the previous year. The balance ratio was 58.04%, down from 59.92% 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 855 million yuan, slightly lower than the same period last year of 897 million yuan. Operating profit was 206.13,500 yuan. Compared with -7.2577 million yuan in the same period last year, the company has turned a loss into a profit. Operating costs were $815 million, down from $888 million in the same period last year. Net profit was 16.5062 million yuan. Compared with -362,299 million yuan in the same period last year, the company's net profit also turned a loss into a profit. Gross margin was 4.61%, up from 1.05% in the same period last year. The net interest rate was 1.93%, a significant increase from -4.04% in the same period last year. The return on net assets (ROE) was 0.54%, up from -1.19% at the end of the previous 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 $108 million, down from $312 million in the same period last year. Cash inflows from operating activities totaled $1,265 million, down from $1,675 million in the same period last year. The total cash outflow from operating activities was $1.157 billion, down from $1,363 billion in the same period last year.

In summary, the operating conditions of Chengdu Road and Bridge Company in the third quarter of 2023 were generally stable, and net profit turned a loss into a profit, but the net cash flow from operating activities declined. The company has shown positive changes in various financial indicators such as assets, liabilities, profits, and cash flow, showing the effectiveness of the company's operations and management.

Investors can pay attention to the company's future business strategy and market dynamics, as well as the company's performance in terms of business development and cost control, so as to better understand the company's business conditions and investment value.

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.