Xiangshan Shares (002870) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 1.485 billion yuan, a year-on-year increase of 22.21%; net profit attributable to the parent company was 44.453 million yuan, a year-on-year increase of 25.44%; non-net profit after deducting 42.1822 million yuan, a year-on-year increase of 36.02%; generated from operating activities Net cash flow was 55.8054 million yuan, a year-on-year decrease of 41.35%; during the reporting period, Xiangshan Co., Ltd.\’s basic earnings per share was 0.34 yuan, and the weighted average return on net assets was 2.89%.
In the first quarter of 2024, the company\’s gross profit margin was 23.81%, a decrease of 0.85 percentage points year-on-year; the net profit margin was 4.88%, a decrease of 0.43 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 2.89%, an increase of 0.62 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 1.84%, an increase of 0.16 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was 55.8054 million yuan, a year-on-year decrease of 41.35%; the net cash flow from financing activities was 388 million yuan, a year-on-year increase of 359 million yuan; the net cash flow from investing activities was -272 million yuan, The same period last year was -307 million yuan.
In the first quarter of 2024, the company\’s operating income cash ratio was 123.61% and the net cash ratio was 125.54%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s accounts receivable decreased by 11.95% from the end of the previous year, and the proportion of the company\’s total assets decreased by 2.15 percentage points; monetary funds increased by 24.94% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.70 percentage points; fixed assets decreased by 2.40% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.38 percentage points; intangible assets decreased by 3.93% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.02 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s long-term borrowings increased by 29.58% from the end of the previous year, and the proportion of the company\’s total assets increased by 2.40 percentage points; short-term borrowings increased by 19.86% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.74 percentage points. ; Accounts payable decreased by 7.57% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.89 percentage points; notes payable decreased by 19.53% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.50 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 Wang Daliang, replacing MORGAN STANLEY & CO. INTERNATIONAL PLC. at the end of the previous year.
In terms of specific shareholding ratios, the shareholding of Ningbo Joyson Electronics Co., Ltd. has increased, while the shareholding of China Merchants Quantitative Selected Stock-type Initiated Securities Investment Fund has 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 18,100, an increase of 2,650 or 17.18% from the end of the previous year; the average shareholding value of each household dropped from 307,200 yuan at the end of the previous year to 240,000 yuan, a decrease of 21.88%.
