Jiangsu Eastern Shenghong (stock code: 000301) recently released its Q1 report for 2024. As a well-known enterprise in the industry, Jiangsu Eastern Shenghong's financial data has always been closely watched by the market. During this reporting period, the company's financial data showed some changes that are worth further interpretation.
First, let's look at the asset and liability data. The end-of-period balance of Jiangsu Eastern Shenghong's total assets was RMB 201.66 billion, an increase of 6.02% compared to the beginning of the period, mainly due to the continued expansion of the company's business. However, liabilities also showed a significant upward trend, with the end-of-period balance of total liabilities reaching RMB 165.83 billion, and the asset-liability ratio rising from 81.34% at the beginning of the period to 82.23%, indicating that while the company is expanding, its financial leverage is also gradually increasing, and future debt repayment pressure is worth paying attention to.
In terms of profit data, although Jiangsu Eastern Shenghong's operating income in this reporting period increased by 24.34% year-on-year, the net profit attributable to shareholders of the listed company saw a significant decline, with a year-on-year decrease of 66.53%. After deducting non-recurring gains and losses, the decline in net profit was even higher at 87.63%, reflecting significant profitability pressures faced by the company during the reporting period. Looking at specific financial indicators, both gross margin and net margin decreased to 10.89% and 0.66% respectively, significantly lower than 14.35% and 2.48% for the same period last year. This indicates that the company is facing certain challenges in cost control and profitability, and needs to further strengthen management to improve performance.
In terms of cash flow data, the net cash flow generated from operating activities of Jiangsu Eastern Shenghong decreased significantly by 60.15% year-on-year, reaching only RMB 0.981 billion. This was mainly due to the increase in cash outflow for purchasing goods, accepting labor services, paying salaries and taxes. Although the net cash flow generated from investing activities improved year-on-year, it still remained a large net outflow. This indicates that the company is facing significant pressure in capital operation, and needs to optimize the efficiency of capital use in the future to ensure business stability.
In summary, the Q1 report of Jiangsu Eastern Shenghong in 2024 shows that the company is facing certain challenges in terms of assets and liabilities, profit, and cash flow. Although operating income has increased, the significant decline in net profit and the tight cash flow situation remind investors that the company still needs to carefully respond to various risks and challenges in future development.