Fujian Jinsen (stock code: 002679) recently released its Q1 2024 financial report. As a forestry leading enterprise in the Fujian fir center production area, its operating conditions and performance are of great concern to the market. This article will provide a detailed analysis of Fujian Jinsen's latest financial report from the perspective of asset and liability data, profit data, and cash flow data.

Firstly, let's focus on the company's balance sheet. As of the end of the reporting period, Fujian Jinsen's total assets were CNY 1.995 billion, slightly down by 2.69% from CNY 2.05 billion at the end of the previous year. At the same time, the company's total liabilities decreased to CNY 1.254 billion from CNY 1.288 billion in the same period of the previous year. Although the asset-liability ratio remained stable at 62.86%, the slight decrease in net assets still reflected the company's operational pressure during the reporting period. However, from a long-term perspective, the company's stable financial situation has laid a solid foundation for its sustainable development in the future.

Next, let's analyze the company's profit situation. According to the financial report, Fujian Jinsen achieved operating income of CNY 52.4 million in this reporting period, which sharply decreased by 53.07% from the same period of the previous year. This may be due to market demand fluctuations or internal strategic adjustments. It is worth noting that although operating income declined, the company's gross profit margin has increased from 54.16% in the same period of the previous year to 56.33% in this period, indicating that the company has made positive progress in cost control and resource allocation. Despite this, due to the impact of the revenue scale reduction, the net income attributable to shareholders of the listed company still had a loss of CNY 20.76 million, an increase of 17.29% YoY, which indicates that the company still needs to make efforts to improve its profitability in the future.

Now, let's take a look at the cash flow data. The net cash flow from operating activities of Fujian Jinsen in the reporting period was negative CNY 37.53 million, although it is still negative, it has improved compared to the net of negative CNY 40.58 million in the same period of the previous year, an increase of 7.53% YoY. This change shows that the company has continuously optimized its cash flow management, which is helpful for alleviating financial pressure and improving operational efficiency. In addition, the significant increase in advances received mainly comes from the production wages and prepaid fertilizer payment received by the company during the reporting period, which also indirectly reflects the company's active preparation for ensuring normal production and operation.

In summary, although Fujian Jinsen's Q1 report for 2024 showed a certain degree of performance volatility, the company has made significant efforts in optimizing its financial structure, strengthening cost control, and improving cash flow management. Facing the complex and changing market environment, Fujian Jinsen is committed to exploring a green development path that is in line with its own characteristics, in order to achieve more stable and sustainable growth in the future.