Jiangsu Amer New Material Co., Ltd. (stock code: 002201) is a high-tech enterprise specialized in research and development, production and sales of new materials. The company is committed to providing customers with high-performance and eco-friendly material solutions, and its products are widely used in electronics, automobiles, construction and other fields. The financial report data for the first quarter of 2024 shows that Amer New Material has demonstrated different trends in multiple financial indicators, and we will analyze these data in detail below.

Firstly, looking at the balance sheet data, Amer New Material's total assets decreased from CNY 2.926 billion at the end of the previous year to CNY 2.659 billion at the end of this reporting period, a decrease of 9.13%. This change was mainly affected by a decrease in accounts receivable and receivable financing, which decreased by CNY 220 million and CNY 80.8633 million respectively. This indicates that the company has made certain achievements in strengthening accounts receivable management and capital return. On the other hand, the total liabilities decreased from CNY 1.847 billion at the end of the previous year to CNY 1.571 billion at the end of this reporting period, a decrease of 14.92%. This was mainly due to a decrease in accounts payable and bills payable, which decreased by CNY 262 million and CNY 37.5085 million respectively. The debt-to-asset ratio decreased from 63.13% to 59.09%, indicating that the company has made some progress in reducing financial leverage.

Secondly, looking at the profit data, Amer New Material's operating income decreased by 17.40% year-on-year, from CNY 331 million in the same period last year to CNY 274 million. This was mainly due to a decrease in sales by its wholly-owned subsidiary Shandong Jiuding New Materials Co., Ltd. However, the net profit attributable to shareholders of the listed company increased by 6.69% year-on-year, reaching CNY 88.9 million. Although the net profit after deducting non-recurring gains and losses decreased by 25.29% year-on-year, the overall profitability has improved, with the gross margin rising from 21.25% in the same period last year to 26.6%. The net margin also increased from 2.51% to 3.25%, indicating that the company has made significant achievements in optimizing product structure and improving profitability.

Finally, looking at the cash flow data, the net cash flow from operating activities decreased significantly by 71.11% year-on-year, from CNY 84.5 million in the same period last year to CNY 24.4 million. This was mainly due to an increase in payments for employee compensation and other items, as well as an increase in receipt and payment through bills. Nevertheless, the net cash flow from investing activities increased by CNY 72.7888 million, indicating that the company has made positive progress in investment activities.

Overall, Amer New Material's financial performance in the first quarter of 2024 showed complex changes. Although operating income declined somewhat, the company achieved an increase in net profit through optimizing product structure and strengthening cost control. At the same time, the company also achieved certain achievements in accounts receivable management and reducing financial leverage. However, the significant decrease in operating cash flow needs attention, and in the future, the company should continue to strengthen cash flow management to ensure financial health and stability.