Chuanjinnuo: Net profit in the first quarter of 2024 was 20.379 million yuan, a year-on-year increase of 412.33%

Chuanjinnuo (300505) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 581 million yuan, a year-on-year increase of 11.76%; net profit attributable to the parent company was 20.379 million yuan, a year-on-year increase of 412.33%; non-net profit after deducting 18.5189 million yuan, a year-on-year increase of 1002.08%; generated from operating activities Net cash flow was -59.893 million yuan, compared with -72.4971 million yuan in the same period last year; during the reporting period, Sichuan Jinnuo\’s basic earnings per share was 0.0741 yuan, and the weighted average return on net assets was 0.85%.
In the first quarter of 2024, the company\’s gross profit margin was 10.81%, an increase of 1.51 percentage points year-on-year; the net profit margin was 3.58%, an increase of 2.94 percentage points from the same period last year.
Data shows that the company\’s weighted average return on net assets in the first quarter of 2024 was 0.85%, an increase of 0.63 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.72%, an increase of 0.42 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -59.893 million yuan, a year-on-year increase of 12.6042 million yuan; the net cash flow from financing activities was -43.1689 million yuan, a year-on-year decrease of 227 million yuan; the net cash flow from investing activities was -1255.53 million, compared with -16.9845 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 97.28%, and the net cash ratio was -293.90%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 13.51% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 2.64 percentage points; inventories increased by 11.75% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.78 percentage points; Receivables financing increased by 62.85% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.29 percentage points; construction in progress increased by 50.54% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.09 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 12.02% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.33 percentage points; accounts payable decreased by 20.89% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.06 percentage points percentage points; contract liabilities increased by 88.66% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.59 percentage points; non-current liabilities due within one year increased by 14.86% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.34 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 Kunming Shunlong Energy Co., Ltd., Sheng Guanda Hongsheng No. 10 Private Securities Investment Fund, Tang Jiapu, Ye Yahong, and Guotai Junan Asset Management (Asia) Co., Ltd. – Guotai Junan International Greater China Special Account No. 1 and Hong Kong Securities Clearing Company Limited replaced Shangchao Xiuneng New Energy Industry Private Securities Investment Fund, Xu Liyun, Chen Chaohai, Wei Jiagui, Wu Yinhe, Liu Heming at the end of last year.
In terms of specific shareholding proportions, the shareholdings of Lu Liangfeng, Liu Mingyi, and Cathay CSI Livestock Breeding Traded Open Index Securities Investment Fund have increased.
In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 34,800, a decrease of 2,997 from the end of the previous year, a decrease of 7.93%; the average shareholding value of each household dropped from 121,800 yuan at the end of the previous year to 94,800 yuan, a decrease of 22.17%.