Beijing SPC Environment Protection Technology Co., Ltd. (stock code: 002573) is a high-tech enterprise dedicated to environmental protection technology research and application. The company's main business includes air pollution control, solid waste treatment, water treatment and other fields. In the first quarter of 2024, Qingxin Environment released the latest financial report data, demonstrating the company's performance on various financial indicators.

From the perspective of asset-liability data, as of March 31, 2024, Qingxin Environment's total assets were 24.713 billion yuan, a 0.64% increase from the end of the previous year of 24.557 billion yuan. The owner's equity attributable to shareholders of the listed company was 6.525 billion yuan, an increase of 1.88% from the end of the previous year of 6.405 billion yuan. The asset-liability ratio decreased from 68.09% at the end of last year to 67.65%, indicating that the company's financial structure has improved. In addition, the goodwill remained unchanged, still at 679 million yuan, indicating that the company has not undergone any significant changes in mergers and acquisitions.

In terms of profit data, in the first quarter of 2024, Qingxin Environment achieved operating income of 2.146 billion yuan, a year-on-year increase of 4.44%. The net profit attributable to shareholders of the listed company was 118 million yuan, a year-on-year increase of 0.62%. However, the net profit after deducting non-recurring gains and losses was 111 million yuan, a year-on-year decrease of 2.38%. The gross margin and net margin were 19.39% and 6.96%, respectively, a decrease from 19.55% and 7.18% in the same period last year, indicating that the company faces certain pressures in cost control and profitability. The basic earnings per share and diluted earnings per share were both 0.0841 yuan, a year-on-year increase of 2.81%. The weighted average return on net assets was 1.83%, slightly higher than 1.81% in the same period last year.

In terms of cash flow data, Qingxin Environment's net cash flow from operating activities in the first quarter of 2024 was -133 million yuan, a significant improvement of 45.18% compared to the same period last year of -242 million yuan. This was mainly due to the company's strengthening of accounts receivable collection. The net cash flow from investing activities was -142 million yuan, a decrease of 32.77% compared to the same period last year of -211 million yuan, reflecting a reduced investment scale of the company in this reporting period. The net cash flow from financing activities was 8.924 million yuan, while it was -8.267 million yuan in the same period last year, mainly due to the reduction of matured debts in this reporting period.

Overall, Qingxin Environment's financial performance in the first quarter of 2024 was generally stable, with small increases in revenue and net income, a decrease in the asset-liability ratio, and a significant improvement in cash flow. However, the company still faces certain challenges in gross margin and net margin, and needs to further strengthen cost control and profitability. In the future, Qingxin Environment should continue to optimize its financial structure, improve operational efficiency, and achieve better financial performance.