Shanghai Yanhua Smartech Group Co., Ltd. (stock code: 002178) is a high-tech enterprise focusing on intelligent system integration and smart city construction. The company is committed to providing customers with overall solutions in the fields of smart buildings, intelligent medical care, smart transportation, etc. In the first quarter of 2024, Yanhua Intelligence released its latest financial report, and this article will analyze its financial data in detail.

At the end of the reporting period, Yanhua Intelligence's total assets were 1.538 billion yuan, a decrease of 4.25% from the end of the previous year's 1.606 billion yuan. The asset-liability ratio decreased from 60.54% at the end of the previous year to 59.16%, showing that the company has to a certain extent reduced its financial leverage. However, the owner's equity attributable to shareholders of the listed company also decreased from 450 million yuan to 445 million yuan, a decrease of 1.11%. This indicates that the company still needs to further optimize its asset management.

In terms of profits, Yanhua Intelligence's operating income was 150 million yuan, a year-on-year increase of 7.13%. However, the net profit attributable to shareholders of the listed company decreased from 19.1 million yuan in the same period last year to -49.9 million yuan, a decrease of 361.81%. After deducting non-recurring gains and losses, the net profit also decreased from -10.4 million yuan to -70.7 million yuan, a decrease of 577.55%. The gross profit margin decreased from 23.8% in the same period last year to 17.39%, and the net profit margin decreased from 1.29% to -3.84%. These data indicate that the company faces significant challenges in cost control and profitability while increasing revenue.

In terms of cash flow, the net cash flow from operating activities was -54.08 million yuan, an improvement from -96.91 million yuan in the same period last year, with an increase of 44.20%. This was mainly due to the decrease in payment to suppliers in this period. However, the net cash flow from investing activities decreased by 169.33% from the same period last year, mainly due to the related expenses incurred in this period for debt restructuring equity. The net cash flow from financing activities also decreased by 239.13% from the same period last year, mainly due to the decrease in cash received from borrowing and the increase in restricted deposits used.

To sum up, Yanhua Intelligence's financial performance in the first quarter of 2024 presents a certain complexity. Although operating income has increased, the significant decline in net profit and gross profit margin reflects the company's challenges in cost control and profitability. At the same time, although the cash flow from operating activities has improved, the cash flow performance of investing and financing activities is poor. The company needs to further optimize its asset management and cost control in future operations to improve its overall financial health.