Lianming Shares: Net profit in the first quarter of 2024 was 13.7955 million yuan, a year-on-year decrease of 49.38%

Lianming Shares (603006) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 170 million yuan, a year-on-year decrease of 28.70%; net profit attributable to the parent company was 13.7955 million yuan, a year-on-year decrease of 49.38%; non-net profit after deduction was 9.9999 million yuan, a year-on-year decrease of 50.67%; Net cash flow was 3.697 million yuan, a year-on-year decrease of 92.12%; during the reporting period, Lianming\’s basic earnings per share was 0.05 yuan, and the weighted average return on net assets was 0.95%.

Lianming Shares (603006) disclosed its first quarter report for 2024 on April 26.

In the first quarter of 2024, the company achieved total operating income of 170 million yuan, a year-on-year decrease of 28.70%; net profit attributable to the parent company was 13.7955 million yuan, a year-on-year decrease of 49.38%; non-net profit after deduction was 9.9999 million yuan, a year-on-year decrease of 50.67%; Net cash flow was 3.697 million yuan, a year-on-year decrease of 92.12%; during the reporting period, Lianming\’s basic earnings per share was 0.05 yuan, and the weighted average return on net assets was 0.95%.

In the first quarter of 2024, the company\’s gross profit margin was 21.79%, a decrease of 0.50 percentage points year-on-year; the net profit margin was 7.36%, a decrease of 4.69 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 0.95%, a decrease of 0.93 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.61%, a decrease of 0.96 percentage points from the same period last year. .

As of the end of the first quarter of 2024, the company\’s net cash flow from operating activities was 3.697 million yuan, a year-on-year decrease of 92.12%; the net cash flow from financing activities was 0 yuan, a year-on-year increase of 7.84 million yuan; the net cash flow from investing activities was 43.1219 million yuan, up The same period last year was 9.186 million yuan.

In the first quarter of 2024, the company\’s operating income cash ratio was 148.15% and the net cash ratio was 26.80%.

In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s accounts receivable decreased by 26.86% from the end of the previous year, and the proportion of the company\’s total assets decreased by 3.87 percentage points; monetary funds increased by 9.75% from the end of the previous year, and the proportion of the company\’s total assets increased by 2.79 percentage points; trading financial assets decreased by 59.91% from the end of the previous year, and the proportion of the company\’s total assets decreased by 2.62 percentage points; other receivables (including interest and dividends) increased by 214.49% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.59 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 28.35% from the end of the previous year, and the proportion of the company\’s total assets decreased by 3.06 percentage points; notes payable increased by 47.37% from the end of the previous year, and the proportion of the company\’s total assets increased by 2.31 percentage points. percentage points; taxes payable decreased by 57.32% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 1.01 percentage points; employee compensation payable decreased by 33.45% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.32 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 Zhang Meihua, CITIC CLSA Asset Management Co., Ltd. – Client Funds, Fang Yanzhen, ChinaAMC CSI 500 Index Enhanced Securities Investment Fund, Xu Pengxiang, and Ni Haobing, replacing China International Capital Corporation, CITIC Securities Co., Ltd., MORGAN STANLEY & CO. INTERNATIONAL PLC., Zhang Yufeng, Lu Longyuan and Wang Jianbin were listed at the end of last year.

In terms of specific shareholding ratio, Ye Ping’s shareholding has declined.

In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 16,600, an increase of 203 from the end of the previous year, an increase of 1.23%; the average shareholding value of each household increased from 199,800 yuan at the end of the previous year to 223,600 Yuan, an increase of 11.91%.

Like (0)
Previous April 25, 2024 8:00 pm
Next April 25, 2024 8:00 pm

Related posts

  • Indian investment bankers to receive hefty bonuses as deal activity surges

    Investment bankers from top domestic firms could take home 100-150 per cent of annual salary as bonuses, on average — much higher than last year when payouts ranged from 30 per cent to 40 per cent.

    stock index April 22, 2024
  • Siemens stock surges over 7% after announcing Q4 results, demerger of energy business

    Shares of Siemens Ltd hit a new high at ₹7,240 on the NSE on May 15, a day after the company announced its Q4 financial results and demerger its energy business into a separate entity that will be listed.

    stock index May 15, 2024
  • State Financial Supervision and Administration: By 2027, a green insurance service system will be initially established

    The \”Guiding Opinions\” propose 9 key tasks from the liability side, including improving society\’s ability to respond to climate change, ensuring green and low-carbon technological innovation, promoting green and low-carbon energy transformation, promoting the consolidation and improvement of carbon sink capabilities, supporting green and low-carbon national actions, Improve the level of environmental pollution prevention and control in enterprises, serve the development of green low-carbon and green manufacturing projects in the industrial field, promote energy conservation, carbon reduction and efficiency improvement in urban and rural construction, and support the green and low-carbon development of transportation, etc., aiming to improve insurance protection and service levels in key areas. The \”Guiding Opinions\” propose three key tasks from the investment side, including improving the green investment management system, strengthening support for the green development of insurance funds, and strengthening green investment process management, aiming to strengthen support for green investment of insurance funds. In terms of insurance protection, the \”Guiding Opinions\” encourage insurance companies to actively focus on comprehensive green transformation to serve economic and social development, focus on key areas and key industries of ecological civilization construction, provide targeted risk protection solutions, and provide ecological priority, green and low-carbon, high-quality Development and protection. The main framework of the key tasks of green insurance protection comes from the classification of key areas of green development in the \”Top Ten Actions to Peak Carbon\” in the \”Carbon Peaking Action Plan before 2030\” issued by the State Council. At the same time, combined with the actual situation of the insurance industry, additional services are provided to respond Climate change and improving corporate environmental pollution prevention and control are two key areas.

    stock index April 25, 2024
  • Caitong Securities: Net profit attributable to parent company in the first quarter was 456 million yuan, a year-on-year decrease of 7.68%

    Caitong Securities released its first quarter report for 2024. The net profit attributable to the parent company in the first quarter was 456 million yuan, a year-on-year decrease of 7.68%.

    stock index April 25, 2024
  • Fed Governor Bowman reiterates that inflation will remain high for some time

    Federal Reserve Governor Michelle Bowman reiterated that she expects inflation to remain high for some time, but she still believes that with interest rates maintained at current levels, price pressures will eventually subside.

    stock index May 19, 2024
  • Pinduoduo rose 1% before the market opened, and will announce results soon.

    Gelonghui, May 22 | Pinduoduo (PDD.US) rose 1% to US$146.9 before the market opened.

    stock index May 22, 2024