CSI Intelligent Financial Information Beite Technology (Weight Protection) (603009) disclosed its first quarter report for 2024 on April 26.
In the first quarter of 2024, the company achieved total operating income of 490 million yuan, a year-on-year increase of 25.97%; net profit attributable to the parent company was 16.4353 million yuan, a year-on-year increase of 183.06%; non-net profit after deducting 14.7083 million yuan, a year-on-year increase of 282.15%; generated from operating activities Net cash flow was -42.8616 million yuan, compared with 33.144 million yuan in the same period last year; during the reporting period, Beite Technology\’s basic earnings per share was 0.0458 yuan, and the weighted average return on net assets was 1.02%.
In the first quarter of 2024, the company\’s gross profit margin was 19.04%, an increase of 1.76 percentage points year-on-year; the net profit margin was 3.41%, an increase of 1.99 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 1.02%, an increase of 0.65 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was 0.83%, an increase of 0.54 percentage points from the same period last year. .
In the first quarter of 2024, the company\’s net cash flow from operating activities was -42.8616 million yuan, a year-on-year decrease of 76.0056 million yuan; the net cash flow from financing activities was 27.5903 million yuan, a year-on-year increase of 89.4676 million yuan; the net cash flow from investing activities was -38.559 million yuan yuan, compared with -40.1365 million yuan in the same period last year.
In the first quarter of 2024, the company\’s operating income cash ratio was 65.99%, and the net cash ratio was -260.79%.
In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s receivable financing increased by 37.32% compared with the end of the previous year, and its proportion in the company\’s total assets increased by 1.51 percentage points; monetary funds decreased by 24.28% from the end of the previous year, and its proportion in the company\’s total assets decreased. 1.48 percentage points; construction in progress increased by 20.79% from the end of the previous year, and its proportion to the company\’s total assets increased by 1.24 percentage points; accounts receivable decreased by 8.52% from the end of the previous year, and its proportion to the company\’s total assets decreased by 1.22 percentage points.
In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s notes payable decreased by 39.88% from the end of the previous year, accounting for a decrease of 3.12 percentage points in the company\’s total assets; non-current liabilities due within one year increased by 65.81% from the end of the previous year, accounting for the company\’s total assets. The proportion of assets increased by 1.25 percentage points; long-term borrowings decreased by 45.79% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.99 percentage points; short-term borrowings increased by 4.10% from the end of the previous year, and the proportion of the company\’s total assets increased by 1.15 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 shareholders are Shanghai Pudong Development Bank Co., Ltd.-Penghua Innovation Future Hybrid Securities Investment Fund (LOF), Penghua Shanghai-Shenzhen-Hong Kong Emerging Growth Flexible Allocation Hybrid Securities Investment Fund, Xia Yong, Penghua New Energy Vehicle Theme Hybrid Securities Investment Fund, replaced the Fuguo Emerging Industry Equity Securities Investment Fund, Chen Lu, Yu Cuiyun, Fuguo New Materials and New Energy Hybrid Securities at the end of last year investment funds.
In terms of specific shareholding ratios, Xie Yunchen, Kuan Xu Private Securities Investment Fund, and Wang Zheng\’s 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 18,900, a decrease of 1,722 households, or 8.35%, from the end of the previous year; the average shareholding value of each household increased from 258,000 yuan at the end of the previous year to 288,000 yuan, an increase of 11.63%.
