Holley Shares: Net profit in the first quarter of 2024 was 2.7561 million yuan, a year-on-year decrease of 65.44%

Holley Shares (603038) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 149 million yuan, a year-on-year decrease of 1.00%; net profit attributable to the parent company was 2.7561 million yuan, a year-on-year decrease of 65.44%; non-net profit after deduction was 841,900 yuan, a year-on-year decrease of 75.87%; Net cash flow was 10.0707 million yuan, compared with -19.6034 million yuan in the same period last year; during the reporting period, Holley\’s basic earnings per share was 0.01 yuan, and the weighted average return on net assets was 0.20%.

Holley Shares (603038) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 149 million yuan, a year-on-year decrease of 1.00%; net profit attributable to the parent company was 2.7561 million yuan, a year-on-year decrease of 65.44%; non-net profit after deduction was 841,900 yuan, a year-on-year decrease of 75.87%; Net cash flow was 10.0707 million yuan, compared with -19.6034 million yuan in the same period last year; during the reporting period, Holley\’s basic earnings per share was 0.01 yuan, and the weighted average return on net assets was 0.20%.
In the first quarter of 2024, the company\’s gross profit margin was 24.72%, a year-on-year increase of 3.05 percentage points; the net profit margin was 2.15%, a decrease of 3.59 percentage points from the same period last year.
Data show that the company\’s weighted average return on net assets in the first quarter of 2024 was 0.20%, a decrease of 0.40 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.35%, a decrease of 0.28 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was 10.0707 million yuan, an increase of 29.6741 million yuan year-on-year; the net cash flow from financing activities was 17.8514 million yuan, a year-on-year decrease of 15.3586 million yuan; the net cash flow from investing activities was -5.9197 million yuan , it was -130 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 154.72% and the net cash ratio was 365.40%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s accounts receivable decreased by 32.12% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.68 percentage points; monetary funds increased by 17.53% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.57 percentage points; prepayments decreased by 44.79% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 1.06 percentage points; fixed assets increased by 0.66% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.74 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s accounts payable decreased by 35.83% from the end of the previous year, and the proportion of the company\’s total assets decreased by 2.39 percentage points; long-term borrowings increased by 5.33% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.50 percentage points percentage points; employee compensation payable decreased by 44.96% compared with the end of the previous year, and its proportion in the company\’s total assets decreased by 0.46 percentage points; other current liabilities decreased by 43.19% from the end of the previous year, and its proportion in the company\’s total assets decreased by 0.30 percentage points.
The first quarter report shows that among the company\’s top ten tradable shareholders at the end of the first quarter of 2024, the new shareholders are Cai Xingyu, Cai Xiangwu, Li Liuzhi, and Zhao Yuyan, replacing Xu Guoxin, Zhang Jianfei, Chen Haihua, and Wu Qiaohong at the end of the previous year.
In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 17,000, an increase of 1,863 from the end of the previous year, an increase of 12.32%; the average shareholding value of each household dropped from 157,800 yuan at the end of the previous year to 154,300 yuan, a decrease of 2.22%.

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