Ningbo Fubon (stock code: 600768) recently released its financial report for the third quarter of 2023. As a regional aluminum deep processing enterprise specializing in the production of industrial aluminum profiles, its performance during the current period attracted attention. Next, we will interpret the financial report in terms of assets, liabilities, profit, and cash flow.

In terms of assets and liabilities, as of the end of the reporting period, Ningbo Fubon's total assets were 558 million yuan, a slight decrease of 0.27% from the end of the previous year; total liabilities were 165 million yuan, a decrease of 1.19% from the end of the previous year; and net assets were 393 million yuan, which was basically the same as at the end of the previous year. Furthermore, the company's balance ratio was 29.58%, a slight decrease from the end of the previous year, indicating that the company's debt level is relatively stable.

In terms of profit, Ningbo Fubon's revenue from the beginning of the year to the end of the reporting period was 227 million yuan, an increase of 5.73% over the previous year. However, net profit attributable to shareholders of listed companies declined sharply during the reporting period, up to 281.89%, mainly due to increased management expenses. Despite this, net profit increased by 78.49% from the beginning of the year to the end of the reporting period, mainly due to increased income from changes in fair value and interest income from bank deposits in the current period. Furthermore, the company's gross margin and net margin were 1.37% and 0.29%, respectively, down from the same period last year, indicating that the company is still under some pressure to control costs.

In terms of cash flow, Ningbo Fubon's net cash flow from operating activities from the beginning of the year to the end of the reporting period was negative, at -163.34 million yuan, a sharp decrease of 688.01% over the same period last year. This is mainly due to the expiration and redemption of the previous wealth management product. At the same time, cash inflows and outflows from operating activities were 214 million yuan and 231 million yuan respectively, both up from the same period last year. This indicates that the scale of the company's cash inflows and outflows increased during the period, but the cash flow situation was not ideal.

In summary, Ningbo Fubon's overall business performance in the third quarter of 2023 was stable, but net profit fluctuated greatly, and the cash flow situation needed to be improved. In the future, the company will need to continue to strengthen cost control and fund management to improve profitability and cash flow levels.

For investors, when paying attention to Ningbo Fubon's performance, they also need to pay attention to factors such as industry trends, market competition conditions, and corporate strategic adjustments. At the same time, investors should maintain a rational investment mentality, fully understand the company's fundamentals and market risks, and make wise 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.