Beijing Oriental Jicheng (Stock Code:002819) recently released its first quarter financial report for 2024. As a influential company in the technology field, its latest financial data shows the company's stable performance and positive changes in a complex market environment.

From the perspective of asset-liability data, the total assets at the end of the reporting period were 4.773 billion yuan, a slight decrease of 1.08% compared to the end of the previous year, maintaining a stable trend. Equity attributable to shareholders of the listed company was 2.983 billion yuan, a slight decrease of 0.83% year-on-year, showing the stability of the company's asset structure. It is worth noting that the financing receivables at the end of the period increased by nearly 70% compared to the beginning of the period. This is mainly due to the increase in customer settlement in the form of bills, reflecting the flexibility and efficiency improvement of the company's accounts receivable management. At the same time, the significant increase in development expenses, reaching 47.87%, indicates the company's continuous investment in research and development innovation, accumulating driving force for future development.

In terms of profit data, Oriental Jicheng achieved operating revenue of 654 million yuan in the first quarter, a year-on-year increase of 3.30%, which, although not high, still maintained stable growth in the current economic environment. More pleasingly, net profit attributable to shareholders of the listed company narrowed to a loss of 28.34 million yuan, a 15.18% decrease from the same period last year, indicating that the company's profitability is gradually recovering. Net profit after deducting non-recurring gains and losses also showed an improving trend, with a year-on-year decrease of 19.90%. Basic earnings per share and diluted earnings per share also narrowed their losses, further confirming the improvement in the company's overall profitability.

In terms of cash flow data, the net cash flow from operating activities, although still negative, improved significantly by 56.19% year-on-year, indicating that the company has achieved significant results in cash flow management. This is mainly due to the year-on-year decrease in purchasing expenses this period, which effectively eased the cash pressure of operating activities. The net cash flow from investing activities was negative, mainly due to the year-on-year increase in the purchase of financial products, reflecting the company's proactive strategy in fund utilization. The net cash flow from financing activities increased by 23.05% year-on-year, mainly due to the increase in financial support from related parties this period, providing the company with more abundant financial support.

Overall, Beijing Oriental Jicheng's first quarter report for 2024 shows the company's stability and resilience in a complex economic environment. Although facing many challenges, the company is gradually emerging from the trough and achieving comprehensive performance recovery through continuous optimization of asset structure, increased R&D investment, and improved cash flow management. In the future, with the gradual improvement of the market environment and the deepening implementation of the company's strategic layout, Oriental Jicheng is expected to usher in a broader development space.