Huali Group: Net profit in the first quarter of 2024 was 787 million yuan, a year-on-year increase of 63.67%

CSI Intelligent Financial Information Huali Group (300979) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 4.765 billion yuan, a year-on-year increase of 30.15%; net profit attributable to the parent company was 787 million yuan, a year-on-year increase of 63.67%; non-net profit after deducting 777 million yuan, a year-on-year increase of 64.34%; generated from operating activities Net cash flow was 1.073 billion yuan, a year-on-year increase of 45.11%; during the reporting period, Huali Group\’s basic earnings per share was 0.67 yuan, and the weighted average return on net assets was 5.10%.
In the first quarter of 2024, the company\’s gross profit margin was 28.37%, an increase of 5.03 percentage points year-on-year; the net profit margin was 16.53%, an increase of 3.39 percentage points compared with the same period last year.
Data shows that the company\’s weighted average return on net assets in the first quarter of 2024 was 5.10%, an increase of 1.51 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 4.75%, an increase of 1.49 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was 1.073 billion yuan, a year-on-year increase of 45.11%; the net cash flow from financing activities was -211 million yuan, a year-on-year decrease of 209 million yuan; the net cash flow from investing activities was 105 million yuan, The same period last year was 96.7835 million yuan.
In the first quarter of 2024, the company\’s operating income cash ratio was 113.01% and the net cash ratio was 136.22%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s accounts receivable decreased by 23.68% from the end of the previous year, and the proportion of the company\’s total assets decreased by 4.87 percentage points; monetary funds increased by 18.12% from the end of the previous year, and the proportion of the company\’s total assets increased by 3.16 percentage points; inventory increased by 19.09% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 2.36 percentage points; fixed assets decreased by 4.19% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.18 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s short-term borrowings decreased by 25.48% from 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 6.12% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.43 percentage points. percentage points; taxes payable decreased by 11.61% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 0.32 percentage points; deferred income tax liabilities increased by 67.15% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.15 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, Hong Kong Securities Clearing Company Limited holds the largest shareholding, accounting for 1.20%.
The list of the top ten tradable shareholders remains unchanged compared to the 2023 annual report.
In terms of specific shareholding ratios, the shareholdings of Hong Kong Securities Clearing Company Limited, National Social Security Fund 115 Portfolio, and E Fund GEM Traded Open Index Securities Investment Fund have increased. Shenzhen Yongcheng Capital Management Co., Ltd.-Shenzhen Yongcheng Capital Management Co., Ltd. Chengwuhao Investment Partnership (Limited Partnership), National Social Security Fund Portfolio 109, Industrial and Commercial Bank of China Co., Ltd.-Fuguo Tianhui Selected Growth Hybrid Securities Investment Fund (LOF), Taikang Life Insurance Co., Ltd.-investment-linked – Innovation Power, Guangfa Steady Growth Securities Investment Fund, Industrial Securities Asset Management-Industrial Bank-Industrial Securities Asset Management Xinzhong Huali Co., Ltd. No. 1 employee strategic placement collective asset management plan shareholdings have 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 9,360, an increase of 206 shareholders or 2.25% from the end of the previous year; the average shareholding value of each household increased from 6.7108 million yuan at the end of the previous year to 7.6204 million yuan. , an increase of 13.55%.