Announcement time of this financial report: 2023-10-27 18:34:21
Joint Test Technology (stock code: 688113) is a provider focusing on power system testing solutions. Its main business includes R&D, manufacturing and sales of intelligent power system testing equipment, and provision of power system testing verification services. Its products and services are mainly used in power system testing in the fields of new energy vehicles, fuel vehicles, ships and aviation.
In terms of assets and liabilities, Liantest Technology's total assets at the end of the third quarter of 2023 were 1,214 billion yuan, an increase of 7.03% compared to 1,135 billion yuan at the end of the previous year. Total liabilities were $349 million, slightly higher than $340 million at the end of the previous year. The company's net assets were $865 million, up from $795 million at the end of the previous year. The balance ratio was 28.78%, down from 29.94% at the end of the previous year.
In terms of profit, Liantest Technology's operating revenue for the third quarter of 2023 was 345 million yuan, up 33.96% from 258 million yuan in the same period last year. Operating profit was 71.6828 million yuan, slightly lower than 74.9966 million yuan in the same period last year. Net profit was 62.1934 million yuan, a slight decrease from 66.3655 million yuan in the same period last year. Gross margin was 38.75%, down from 44.15% in the same period last year. The net interest rate was 18.03%, down from 25.77% in the same period last year. The return on net assets (ROE) was 7.49%, down from 9.16% at the end of the previous year.
In terms of cash flow, the net cash flow generated by Liansu Technology's operating activities in the third quarter of 2023 was 17.5047 million yuan, a sharp drop of 60.69% from 44.534,600 yuan in the same period last year. The total cash inflow from operating activities was $284 million, slightly higher than $273 million in the same period last year. The total cash outflow from operating activities was $267 million, up from $229 million in the same period last year.
In summary, the operating conditions of Joint Test Technology in the third quarter of 2023 were generally stable. Both operating income and net assets increased, but net profit and net cash flow declined compared to the same period last year. The company has strong capabilities in the development and manufacture of intelligent testing equipment for power systems, and its products and services have been widely used in the fields of new energy vehicles, fuel vehicles, ships and aviation.
For investors, Joint Test Technology is a company with strong strength in the field of power system testing solutions, and its business development prospects are worth looking forward to. But at the same time, investors also need to pay attention to the company's profit and cash flow situation, as well as the company's future development strategy and market competition.
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.