Xinjie Electric: Net profit in the first quarter of 2024 was 44.472 million yuan, a year-on-year increase of 8.61%

CSI Intelligent Financial Information Xinjie Electric (603416) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 340 million yuan, a year-on-year increase of 3.39%; net profit attributable to the parent company was 44.472 million yuan, a year-on-year increase of 8.61%; non-net profit after deducting 37.4347 million yuan, a year-on-year increase of 23.45%; generated from operating activities Net cash flow was -61.8284 million yuan, compared with -21.0623 million yuan in the same period last year; during the reporting period, Xinjie Electric\’s basic earnings per share was 0.32 yuan, and the weighted average return on net assets was 2.06%.

CSI Intelligent Financial Information Xinjie Electric (603416) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 340 million yuan, a year-on-year increase of 3.39%; net profit attributable to the parent company was 44.472 million yuan, a year-on-year increase of 8.61%; non-net profit after deducting 37.4347 million yuan, a year-on-year increase of 23.45%; generated from operating activities Net cash flow was -61.8284 million yuan, compared with -21.0623 million yuan in the same period last year; during the reporting period, Xinjie Electric\’s basic earnings per share was 0.32 yuan, and the weighted average return on net assets was 2.06%.
In the first quarter of 2024, the company\’s gross profit margin was 38.96%, an increase of 7.56 percentage points year-on-year; the net profit margin was 13.08%, an increase of 0.63 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 2.06%, a decrease of 0.01 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 1.92%, a decrease of 0.08 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -61.8284 million yuan, a year-on-year decrease of 40.7661 million yuan; net cash flow from financing activities was 122 million yuan, a year-on-year increase of 102 million yuan; net cash flow from investing activities was 76.6286 million yuan , it was 8.8349 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 76.15%, and the net cash ratio was -139.03%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds increased by 42.60% from the end of the previous year, and the proportion of the company\’s total assets increased by 4.29 percentage points; trading financial assets decreased by 7.39% from the end of the previous year, and the proportion of the company\’s total assets decreased by 3.34%. percentage points; accounts receivable increased by 47.59% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 1.67 percentage points; receivable financing decreased by 8.95% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.23 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 increased by 814.13% from the end of the previous year, and the proportion of the company\’s total assets increased by 5.35 percentage points; employee compensation payable decreased by 49.50% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.01 percentage points. percentage points; notes payable decreased by 7.41% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.83 percentage points; other payables (including interest and dividends) increased by 193.64% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.18 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 shareholder is Ancheng Shuying Changsheng Private Securities Investment Fund, replacing CITIC Securities Co., Ltd. at the end of the previous year.
In terms of specific shareholding ratios, the shareholdings of Kuantou Uranus No. 11 Private Securities Investment Fund, Yinwanquanying No. 19 Private Securities Investment Fund, and Kuantou Ruge Private 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 14,000, an increase of 1,901 households or 15.75% from the end of the previous year; the average shareholding value of each household dropped from 437,400 yuan at the end of the previous year to 297,800 yuan. Yuan, a decrease of 31.92%.

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