Shenzhen Bauing Construction Holding Group (stock code: 002047) recently released its Q1 2024 financial report. As a well-known company in the industry, its performance has always been closely watched by the market. This article will provide a detailed and in-depth analysis and discussion of the asset and liability data, profit data, and cash flow data during the reporting period, in order to explore the company's operating status and future development trends.

From the asset and liability data point of view, at the end of the reporting period, Shenzhen Bauing Construction Holding Group's total assets were RMB 9.572 billion, an increase of 1.21% from the end of the previous year, maintaining a stable growth trend. However, the equity attributable to shareholders of the listed company experienced a significant decline, with a decrease of 75.93%, mainly due to the losses in this period. In addition, it is worth noting that the company's asset-liability ratio has risen, from 98.82% at the beginning of the period to 99.55% at the end of the period. Although it is still at a high level, it reflects certain pressure on the company's fund operation. Nevertheless, the company's goodwill remained unchanged at RMB 42.4305 million, which shows the company's stability in terms of brand and market influence.

Next, let's analyze the profit data. During the reporting period, the company achieved operating income of RMB 776 million, a year-on-year increase of 15.70%, indicating that the company has achieved certain results in market expansion. However, affected by the macroeconomic environment and intensified industry competition, the net profit attributable to shareholders of the listed company still showed a loss, but the loss was narrowed compared to the same period last year, which was due to the company's efforts in cost control and operational efficiency. In the specific items of the profit statement, taxes and surcharges increased significantly, mainly due to the increase in value-added tax paid in this period, while the decrease in other income was related to the decrease in government subsidies. In addition, the decrease in investment income was mainly due to the influence of losses of associate enterprises, while the decrease in impairment losses was due to the decrease of provision for impairment of contract assets. The changes in non-operating income and expenses respectively reflect the gains and losses that are unrelated to the daily activities of the company.

Now let's look at the cash flow data. The net cash flow generated by operating activities of the company during the reporting period was - RMB 242 million, a significant year-on-year decrease of 259.09%. This is mainly due to the increase in labor and material payments compared to the same period last year, which led to an increase in cash outflow from operating activities. At the same time, the net cash flow generated by investment activities was also negative, and it had a significant decrease compared to the same period last year, which was mainly due to the higher investment in the headquarters building project in this period. Although the company is facing cash flow pressure, the impact of exchange rate fluctuations on cash and cash equivalents is relatively small, and the net increase in cash and cash equivalents remains positive, which provides certain capital support for the company's future operations.

To sum up, the 2024 Q1 report of Shenzhen Bauing Construction Holding Group shows that the company faces certain challenges in terms of assets and liabilities, profits, and cash flow. Although the total assets maintain a stable growth, the significant decline in owner's equity and high asset-liability ratio still need to be cautious. In terms of profitability, the company needs to continue to strengthen cost control and market expansion to improve profitability. In terms of cash flow, optimizing fund operation and investment strategy will be critical. Looking forward to the future, Shenzhen Bauing Construction Holding Group needs to actively respond to industry changes and market competition to achieve sustainable development.