As a leading company in the industrial aluminum industry, Guangdong Hoshion Industrial Aluminium (stock code: 002824) recently released its financial report for the first quarter of 2024. Through in-depth analysis of this report, we can get a glimpse of the company's recent financial situation and business performance, providing valuable reference information for investors.

First, focusing on asset and liability data, during the reporting period, the company's total assets reached 3.837 billion yuan, an increase of 5.66% compared to the end of the previous year. This growth was mainly due to the company's steady expansion of business. At the same time, the net assets attributable to shareholders of the listed company also achieved a 1.01% increase, showing further strengthening of the company's capital strength. However, it is worth noting that the asset-liability ratio increased from 52.67% at the beginning of the period to 54.76%, which may be related to the company's increased debt to support business development. Its debt repayment ability needs to be monitored in the future.

In terms of profit data, although operating income achieved a significant growth of 33.74%, reaching 710 million yuan, the net profit attributable to shareholders of the listed company decreased by 30.64% compared to the same period last year, to 17.0562 million yuan. This contrast is mainly due to the rapid increase in operating costs, which caused the gross profit margin to drop from 17.14% in the same period last year to 12.07%. In addition, the significant increase in research and development expenses also had a certain impact on net profit. Nevertheless, the significant increase in other income and the reduction of credit impairment losses partially relieved the pressure of profit decline.

Looking at cash flow data, the net cash flow from operating activities increased significantly by 56.16%, reaching 130 million yuan. This indicates that the company received more cash from selling goods and providing services during the reporting period, effectively improving its cash flow situation. This is of vital significance for supporting the company's future development and coping with potential risks. However, the significant decrease in income tax expenses also partially affected the composition of cash flow.

In summary, the first quarter report of Guangdong Hoshion Industrial Aluminium in 2024 presents a mixed picture of happiness and worry. Although operating income and cash flow show strong growth momentum, the decline in net profit and the increase in the asset-liability ratio also expose the challenges that the company faces in the development process. In the future, investors should pay close attention to key indicators such as cost control, debt repayment ability, and R&D input-output ratio to more comprehensively evaluate investment value and potential risks.