China Science and Technology: Net profit in the first quarter of 2024 is 25.8784 million yuan, a year-on-year increase of 12.35%

China Science and Technology (603927) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 1.287 billion yuan, a year-on-year increase of 0.91%; net profit attributable to the parent company was 25.8784 million yuan, a year-on-year increase of 12.35%; non-net profit after deducting 24.2263 million yuan, a year-on-year increase of 48.82%; generated from operating activities Net cash flow was -632 million yuan, compared with -929 million yuan in the same period last year; during the reporting period, Zhongke Soft\’s basic earnings per share was 0.0436 yuan, and the weighted average return on net assets was 0.79%.
In the first quarter of 2024, the company\’s gross profit margin was 30.95%, a year-on-year decrease of 0.92 percentage points; the net profit margin was 2.01%, an increase of 0.20 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 0.79%, a decrease of 0.04 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.59%, an increase of 0.35 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -632 million yuan, a year-on-year increase of 297 million yuan; the net cash flow from financing activities was -4.5281 million yuan, a year-on-year decrease of 170 million yuan; the net cash flow from investing activities was -308.74 million, compared with -3.5899 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 74.42%, and the net cash ratio was -2441.00%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 21.09% from the end of the previous year, and the proportion of the company\’s total assets decreased by 7.93 percentage points; contract assets increased by 19.18% from the end of the previous year, and the proportion of the company\’s total assets increased by 3.61 percentage points. ; Prepayments increased by 20.20% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 2.20 percentage points; inventories increased by 8.54% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.07 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 11.00% from the end of the previous year, and the proportion of the company\’s total assets has decreased by 1.75 percentage points; taxes payable have decreased by 69.57% from the end of the previous year, and the proportion of the company\’s total assets has decreased by 0.70%. percentage points; accounts payable decreased by 2.01% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 0.18 percentage points; notes payable increased by 11.80% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.32 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 Yang Haiou, replacing the Southern Alpha Hybrid Securities Investment Fund at the end of the previous year.
In terms of specific shareholding ratios, the shareholdings of the National Social Security Fund 111 Portfolio and China Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shanghai have increased, while the shareholdings of Hong Kong Securities Clearing Company Limited have 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 44,600, an increase of 10,200 from the end of the previous year, an increase of 29.77%; the average shareholding value of each household dropped from 518,100 yuan at the end of the previous year to 35.83 million, a decrease of 30.84%.