As a leading enterprise in the health food and fodder additives industry with the stock code of 002626, Xiamen Kingdomway Group has a full industrial chain layout covering various links including raw material supply to brand operation. Recently, the company released its Q1 2024 financial report. This article will conduct in-depth analysis from aspects of asset and liability data, profit data, and cash flow data to explore the company's latest performance.
From the asset and liability data, the total assets of Xiamen Kingdomway Group at the end of the reporting period are ¥5.561 billion, a 3.88% increase from the beginning of the period, indicating a steady expansion of the company's scale. Among them, the end-of-period goodwill balance increased slightly to ¥487 million, indicating the company's good integration ability in M&A activities. At the same time, the total liabilities reached ¥1.549 billion, and the asset-liability ratio increased from 26.47% at the beginning of the period to 27.85%. Although slightly increased, it still maintains a relatively healthy level, reflecting the company's sound financial structure.
In terms of profit data, Xiamen Kingdomway Group achieved operating income of ¥743 million in this reporting period, a year-on-year decrease of 5.99% from the same period last year. Although the income has declined, the company still achieved a net profit of ¥70.88 million. It is worth noting that the net profit margin for the period is 9.54%, a decrease from 10.58% in the same period last year, which may be related to increased market competition or rising costs. In addition, the return on equity (ROE) also decreased from 2.27% at the beginning of the period to 1.78%, indicating that the company's efficiency in using its own capital needs to be improved.
In terms of cash flow data, the net cash flow from operating activities is ¥39.5 million, a significant decrease of 98.32% year-on-year, which may be due to a reduction in sales receipts or an increase in purchase expenses. At the same time, the subtotals of cash inflow and outflow from operating activities also showed varying degrees of changes, reflecting the certain pressure the company is facing in cash flow management. However, in the long run, with the adjustment of the company's operating strategy and the improvement of the market environment, the cash flow situation is expected to be optimized.
In summary, Xiamen Kingdomway Group's Q1 2024 report shows that the company is maintaining stable development while also facing certain challenges. In the future, the company needs to closely monitor market trends, continuously optimize product structure and cost control, and improve profitability and cash flow management. At the same time, investors should have a rational view of short-term performance fluctuations, pay attention to the company's long-term development strategy and potential investment value.