Yongxin Shares: Net profit in the first quarter of 2024 was 86.4236 million yuan, a year-on-year increase of 10.86%

Yongxin Shares (002014) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 835 million yuan, a year-on-year increase of 6.34%; net profit attributable to the parent company was 86.4236 million yuan, a year-on-year increase of 10.86%; non-net profit after deducting 80.7743 million yuan, a year-on-year increase of 5.50%; generated from operating activities Net cash flow was -71.7951 million yuan, compared with -114 million yuan in the same period last year; during the reporting period, Yongxin\’s basic earnings per share was 0.14 yuan, and the weighted average return on net assets was 3.62%.
In the first quarter of 2024, the company\’s gross profit margin was 22.06%, a year-on-year decrease of 2.36 percentage points; the net profit margin was 10.49%, an increase of 0.41 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 3.62%, an increase of 0.13 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 2.82%, a decrease of 0.04 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -71.7951 million yuan, a year-on-year increase of 41.7728 million yuan; the net cash flow from financing activities was 30.1455 million yuan, a year-on-year decrease of 40.6764 million yuan; the net cash flow from investing activities was -428 million yuan, compared with -45.4589 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 95.35%, and the net cash ratio was -83.07%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds decreased by 40.33% compared with the end of the previous year, and the proportion of the company\’s total assets decreased by 12.05 percentage points; trading financial assets increased by 118.42% from the end of the previous year, and the proportion of the company\’s total assets increased by 9.27% percentage points; receivables financing increased by 50.70% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.53 percentage points; construction in progress increased by 61.41% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.57 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s other payables (including interest and dividends) increased by 654.06% from the end of the previous year, accounting for an increase of 9.21 percentage points in the company\’s total assets; short-term borrowings decreased by 20.55% from the end of the previous year, accounting for the company\’s total assets The proportion of total assets decreased by 2.71 percentage points; long-term borrowings increased by 35.86% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.08 percentage points; employee compensation payable decreased by 16.55% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.46 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 Huaan Juyou Selected Hybrid Securities Investment Fund, replacing Bao Shanqi at the end of the previous year.
In terms of specific shareholding ratios, the shareholdings of Hong Kong Securities Clearing Company Limited, Hong Kong Monetary Authority – Own Funds, and Baoying Leading Preferred Equity Securities Investment Fund 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 18,400, an increase of 1,244 from the end of the previous year, an increase of 7.26%; the average shareholding value of each household increased from 298,300 yuan at the end of the previous year to 344,100 yuan, an increase of 15.35%.