CSI Intelligent Financial News Pingmei Co., Ltd. (601666) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 8.244 billion yuan, a year-on-year decrease of 4.47%; net profit attributable to the parent company was 740 million yuan, a year-on-year decrease of 35.40%; non-net profit after deduction was 755 million yuan, a year-on-year decrease of 26.12%; Net cash flow was 2.827 billion yuan, a year-on-year decrease of 22.87%; during the reporting period, Pingmei Co., Ltd.\’s basic earnings per share was 0.3157 yuan, and the weighted average return on net assets was 2.74%.
In the first quarter of 2024, the company\’s gross profit margin was 26.86%, a decrease of 1.01 percentage points year-on-year; the net profit margin was 9.65%, a decrease of 4.95 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 2.74%, a decrease of 2.23 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 2.02%, a decrease of 1.08 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was 2.827 billion yuan, a year-on-year decrease of 22.87%; the net cash flow from financing activities was 845 million yuan, a year-on-year decrease of 5.488 billion yuan; the net cash flow from investing activities was -2.281 billion yuan, The same period last year was -1.259 billion yuan.
In the first quarter of 2024, the company\’s operating income cash ratio was 117.28% and the net cash ratio was 381.84%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds increased by 16.59% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 2.48 percentage points; fixed assets decreased by 1.92% from the end of the previous year, and the proportion of the company\’s total assets decreased by 2.30 percentage points. ; Accounts receivable increased by 20.03% compared with the end of the previous year, and the proportion in the company\’s total assets increased by 0.70 percentage points; intangible assets decreased by 0.76% from the end of the previous year, and the proportion in the company\’s total assets decreased by 0.40 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s notes payable increased by 20.95% compared with the end of the previous year, and its proportion in the company\’s total assets increased by 2.48 percentage points; bonds payable decreased by 13.38% from the end of the previous year, and its proportion in the company\’s total assets decreased by 1.61 percentage points. ; Accounts payable decreased by 13.12% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 1.28 percentage points; long-term borrowings increased by 13.19% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.67 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 China Post Life Insurance Co., Ltd.-Traditional Insurance, Bank of Communications Schroders Fund-China Life Insurance Co., Ltd.-Traditional Insurance-Bocom Schroeder Life Insurance\’s balanced stock traditional available-for-sale single asset management plan, Orient Securities Co., Ltd., replaced the National Social Security Fund 110 Portfolio at the end of the previous year, Junxing Yuanhang No. 1 Private Securities Investment Fund, China Pacific Life Insurance Co., Ltd. Ltd. – Traditional – General Insurance Products.
In terms of specific shareholding ratio, Hong Kong Securities Clearing Co., Ltd.’s shareholding has increased, China Pingmei Shenma Holdings Group Co., Ltd., China Pingmei Shenma Group-Ping An Securities-22 Pingshen E1 Guarantee and Trust Property Account, Central Huijin Asset Management Co., Ltd., Shanghai Securities Dividend Trading Open Index Securities Investment Fund, Junan No. 2 Yiluo Private Securities Investment Fund, China Pingmei Shenma Group-Ping An Securities-22 Pingshen E2 Guarantee and Trust Property Special Account Holding Shares fell.
In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 60,600, an increase of 2,448 from the end of the previous year, an increase of 4.21%; the average shareholding value of each household increased from 466,000 yuan at the end of the previous year to 501,000 Yuan, an increase of 7.51%.
