Sifang Technology: Net profit in the first quarter of 2024 was 51.8001 million yuan, a year-on-year decrease of 32.27%

Sifang Technology (603339) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 445 million yuan, a year-on-year decrease of 16.34%; net profit attributable to the parent company was 51.8001 million yuan, a year-on-year decrease of 32.27%; non-net profit after deduction was 50.1954 million yuan, a year-on-year decrease of 32.47%; Net cash flow was -21.6739 million yuan, compared with 55.020 million yuan in the same period last year; during the reporting period, Sifang Technology\’s basic earnings per share was 0.17 yuan, and the weighted average return on net assets was 2.07%.

Sifang Technology (603339) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 445 million yuan, a year-on-year decrease of 16.34%; net profit attributable to the parent company was 51.8001 million yuan, a year-on-year decrease of 32.27%; non-net profit after deduction was 50.1954 million yuan, a year-on-year decrease of 32.47%; Net cash flow was -21.6739 million yuan, compared with 55.020 million yuan in the same period last year; during the reporting period, Sifang Technology\’s basic earnings per share was 0.17 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 25.24%, a decrease of 0.38 percentage points year-on-year; the net profit margin was 11.65%, a decrease of 2.74 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%, a decrease of 1.34 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 1.95%, a decrease of 1.28 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -21.6739 million yuan, a year-on-year decrease of 76.6939 million yuan; the net cash flow from financing activities was -8.3557 million yuan, a year-on-year increase of 185 million yuan; the net cash flow from investing activities was -3.16 billion, compared with 175 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 102.20%, and the net cash ratio was -41.84%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 34.83% from the end of the previous year, and the proportion of the company\’s total assets decreased by 10.09 percentage points; trading financial assets increased by 67.42% from the end of the previous year, and the proportion of the company\’s total assets increased by 8.98% percentage points; inventory increased by 1.62% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.64 percentage points; accounts receivable decreased by 31.52% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.45 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s contract liabilities have decreased by 5.85% from the end of the previous year, and the proportion of the company\’s total assets has decreased by 1.02 percentage points; employee compensation payable has decreased by 41.52% from the end of the previous year, and the proportion of the company\’s total assets has decreased by 0.70 percentage points. percentage points; taxes payable decreased by 36.70% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 0.34 percentage points; other current liabilities increased by 14.83% from the end of the previous year, and the proportion of the company\’s total assets increased 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, Huang Jie holds the largest share, accounting for 40.27%.
The list of the top ten tradable shareholders remains unchanged compared to the 2023 annual report.
In terms of specific shareholding ratios, Huang Yingjie\’s shareholding has increased, while Li Rongfang\’s shareholding has decreased.
In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 20,900, an increase of 345 from the end of the previous year, an increase of 1.68%; the average shareholding value of each household dropped from 179,000 yuan at the end of the previous year to 163,400 Yuan, a decrease of 8.72%.

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