Tiandi Technology: Net profit in the first quarter of 2024 was 692 million yuan, a year-on-year increase of 10.78%

Tiandi Technology (600582) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 7.365 billion yuan, a year-on-year increase of 10.74%; net profit attributable to the parent company was 692 million yuan, a year-on-year increase of 10.78%; non-net profit after deducting 666 million yuan, a year-on-year increase of 9.45%; generated from operating activities Net cash flow was -2.278 billion yuan, compared with -766 million yuan in the same period last year; during the reporting period, Tiandi Technology\’s basic earnings per share was 0.167 yuan, and the weighted average return on equity was 2.97%.
In the first quarter of 2024, the company\’s gross profit margin was 30.56%, a year-on-year decrease of 1.39 percentage points; the net profit margin was 12.43%, an increase of 0.16 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 2.97%, a decrease of 0.05 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 2.83%, a decrease of 0.19 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -2.278 billion yuan, a year-on-year decrease of 1.511 billion yuan; the net cash flow from financing activities was -173 million yuan, a year-on-year increase of 31.2237 million yuan; the net cash flow from investing activities was -4.15 billion, compared with -1.463 billion yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 54.32%, and the net cash ratio was -329.03%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 17.28% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 5.10 percentage points; accounts receivable increased by 21.46% from the end of the previous year, and the proportion of the company\’s total assets increased by 4.31% percentage points; non-current assets due within one year increased by 175.55% compared with the end of the previous year, and their proportion in the company\’s total assets increased by 3.02 percentage points; total debt investments decreased by 62.80% from the end of the previous year, and their proportion in the company\’s total assets decreased by 2.30 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s employee compensation payable decreased by 23.30% compared with the end of the previous year, and its proportion in the company\’s total assets decreased by 1.05 percentage points; accounts payable increased by 5.50% from the end of the previous year, and its proportion in the company\’s total assets increased by 1.39 percentage points; contract liabilities decreased by 14.21% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.95 percentage points; notes payable decreased by 25.23% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.76 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 Taiping Life Insurance Co., Ltd.-Traditional-General Insurance Products-022L-CT001 Shanghai, CSI 500 Trading Open Index Securities Investment Fund, Southern Ingenuity Selected Equity Securities Investment Fund, Ruipu Investment-Ruixin Private Securities Investment Fund, Ruipu Investment-Ruikang Private Securities Investment Fund, replaced the ICBC Credit Suisse Fund-China Construction Bank-ICBC Credit Suisse Fund Zunhe No. 3 Collective Asset Management at the end of last year Plan, China Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shanghai, Zhang Sufen, Agricultural Bank of China Co., Ltd.-Wells Fargo CSI 500 Index Enhanced Securities Investment Fund (LOF), E Fund New Income Flexible Allocation Hybrid Securities Investment Funds.
In terms of specific shareholding ratios, Hong Kong Securities Clearing Company Limited’s shareholdings have increased, Beijing Chengtong Financial Holdings Investment Co., Ltd., Wells Fargo Fund-CITIC Bank-Wells Fargo Fund Yixiang No. 25 Collective Asset Management Plan, Shanghai Gaoyi Asset Management Partnership Enterprise (Limited Partnership)-Golden Sun Gaoyi Guolu No. 1 Chongyuan Fund\’s 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 37,500, a decrease of 3,284 households, or 8.06%, from the end of the previous year; the average shareholding value of each household increased from 552,700 yuan at the end of the previous year to 778,000 Yuan, an increase of 40.76%.