Longgao Shares: Net profit in the first quarter of 2024 was 24.7442 million yuan, a year-on-year increase of 11.33%

Longgao Shares (605086) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 66.7652 million yuan, a year-on-year increase of 3.22%; net profit attributable to the parent company was 24.7442 million yuan, a year-on-year increase of 11.33%; non-net profit after deducting 22.8940 million yuan, a year-on-year increase of 2.15%; generated from operating activities Net cash flow was 41.1977 million yuan, a year-on-year increase of 9.41%; during the reporting period, Longgao\’s basic earnings per share was 0.19 yuan, and the weighted average return on net assets was 2.07%.
In the first quarter of 2024, the company\’s gross profit margin was 61.77%, a year-on-year increase of 0.87 percentage points; the net profit margin was 37.06%, an increase of 2.70 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 2.07%, an increase of 0.09 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 1.96%, an increase of 0.26 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 41.1977 million yuan, a year-on-year increase of 9.41%; the net cash flow from financing activities was 0 yuan, which was basically unchanged compared with the same period; the net cash flow from investing activities was -134 million yuan, compared with 55.4289 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 124.30% and the net cash ratio was 166.49%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 31.76% from the end of the previous year, and the proportion of the company\’s total assets decreased by 7.75 percentage points; other non-current financial assets increased by 15.97% from the end of the previous year, and the proportion of the company\’s total assets increased. 0.86 percentage points; intangible assets decreased by 1.37% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.59 percentage points; fixed assets decreased by 0.57% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.34 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 42.64% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.02 percentage points; taxes payable increased by 39.49% from the end of the previous year, and the proportion of the company\’s total assets increased. 0.16 percentage points; employee compensation payable increased by 15.70% compared with the end of the previous year, and its proportion in the company\’s total assets increased by 0.15 percentage points; contract liabilities decreased by 6.46% from the end of the previous year, and its proportion in the company\’s total assets decreased by 0.11 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 Li Junjun, Goldman Sachs Co., Ltd., Huang Jingxin, Jianshun Cloud 66 Private Securities Investment Fund, Lu Chuanghong, and Shenzhen Rongxun Technology Co., Ltd. , replacing Huatai Securities Co., Ltd., Guotai Junan Securities Co., Ltd., CITIC CLSA Asset Management Co., Ltd. – Client Funds – RMB Fund Remittance, MORGAN STANLEY & CO. INTERNATIONAL PLC., CITIC Securities Co., Ltd., China International Securities Co., Ltd. Financial Hong Kong Asset Management Co., Ltd.-CICCFT10(R).
In terms of specific shareholding ratios, the shareholdings of Shen Xianghong and Zhang Ling increased, while the shareholdings of Xinghang State-owned Assets Investment and Management Co., Ltd. in Western Fujian 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 15,200, a decrease of 1,521 households, or 9.12%, from the end of the previous year; the average shareholding value of each household dropped from 213,200 yuan at the end of the previous year to 209,500 yuan, a decrease of 1.74%.