Xingrui Technology: Net profit in the first quarter of 2024 was 72.5838 million yuan, a year-on-year increase of 40.13%

Xingrui Technology (002937) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 500 million yuan, a year-on-year increase of 4.06%; net profit attributable to the parent company was 72.5838 million yuan, a year-on-year increase of 40.13%; non-net profit after deducting 71.4041 million yuan, a year-on-year increase of 40.34%; generated from operating activities Net cash flow was 8.505 million yuan, a year-on-year increase of 705.42%; during the reporting period, Xingrui Technology\’s basic earnings per share was 0.24 yuan, and the weighted average return on net assets was 4.63%.
In the first quarter of 2024, the company\’s gross profit margin was 28.85%, an increase of 2.83 percentage points year-on-year; the net profit margin was 14.50%, an increase of 3.75 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 4.63%, an increase of 0.59 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 3.67%, a decrease of 0.01 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was 8.505 million yuan, a year-on-year increase of 705.42%; the net cash flow from financing activities was -55.5731 million yuan, a year-on-year decrease of 104 million yuan; the net cash flow from investing activities was 11.6487 million yuan, The same period last year was -47.8144 million yuan.
In the first quarter of 2024, the company\’s operating income cash ratio was 106.11% and the net cash ratio was 11.72%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s trading financial assets decreased by 33.33% from the end of the previous year, and the proportion of the company\’s total assets decreased by 2.91 percentage points; construction in progress increased by 4.37% from the end of the previous year, and the proportion of the company\’s total assets increased. 1.00 percentage points; receivables financing increased by 101.99% compared with the end of the previous year, and the proportion of the company\’s total assets increased by 0.62 percentage points; fixed assets decreased by 0.52% from the end of the previous year, and the proportion of the company\’s total assets increased by 0.59 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s accounts payable decreased by 16.82% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.72 percentage points; notes payable decreased by 23.98% from the end of the previous year, and the proportion of the company\’s total assets decreased by 1.09 percentage points. percentage points; employee compensation payable decreased by 36.30% compared with the end of the previous year, and its proportion in the company\’s total assets decreased by 1.04 percentage points; other payables (including interest and dividends) decreased by 44.78% compared with the end of the previous year, and its proportion in the company\’s total assets decreased by 0.65 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 Harvest Theme Selected Hybrid Securities Investment Fund, replacing Zhejiang Zheqi Investment Holding Group Co., Ltd. and Zhang Jian at the end of the previous year.
In terms of specific shareholding ratios, CICC-China Construction Bank-CICC New Equity Collective Asset Management Plan’s shareholdings have increased, Ningbo Hezhihe Investment Management Partnership (Limited Partnership), Ningbo Hezhirui Investment Management Partnership (Limited partnership), Ningbo Ruizhi Investment Management Co., Ltd., Ningbo Hezhiqi Investment Management Partnership (limited partnership), Ningbo Hezhixing Investment Management Partnership (limited partnership), Ningbo Hezhizhi Investment Management Partnership (limited partnership) ), Capital Assets – Minsheng Bank – Capital Assets – Shengshi Selection No. 2 collective asset management product (second phase) 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 9,148, an increase of 498 from the end of the previous year, an increase of 5.76%; the average shareholding value of each household dropped from 897,100 yuan at the end of the previous year to 723,000 yuan , a decrease of 19.41%.