Shenzhen Prolto Supply Chain Management Co., Ltd. (Stock Code: 002769) focuses on promoting the green and low-carbon transformation of the energy system, especially in the field of distributed photovoltaic power generation and new energy storage. The company is committed to utilizing the advantages of distributed photovoltaic power generation, such as close proximity to power loads and short construction periods, and actively promoting the development of photovoltaic building integration, especially in the industrial park, economic development zone, and public buildings. With the support of national policies and the growing market demand, distributed photovoltaic power generation is showing a trend of rapid development in China. In addition, Prolto is also committed to promoting the development of new energy storage technologies to ensure the energy demand for economic and social development. The company pays attention to the dynamic regulating role of energy storage in the new energy power system, promotes the integrated development of energy storage and new energy generation, and responds actively to the guidance opinions of the National Energy Administration, scientifically arranging energy storage construction and exploring diversified energy storage solutions, such as electrochemical energy storage, compressed air energy storage, and hydrogen energy storage. In summary, the layout and development of Prolto in the "photovoltaic + energy storage" field aims to contribute to the goal of carbon peak and carbon neutrality and shows great industry development prospects.

In the first quarter of 2024, Prolto's total assets amounted to 6.889 billion yuan, an increase of 12.38% from the beginning of the period of 6.13 billion yuan. The total liabilities amounted to 5.682 billion yuan, an increase of 16.91% from the beginning of the period of 4.86 billion yuan. The asset-liability ratio rose from 79.29% at the beginning of the period to 82.47%, showing that the company's liabilities are also increasing while expanding its business. As for net assets, the balance of owner's equity attributable to shareholders of the listed company at the end of the period was 1.223 billion yuan, a decrease of 4.36% from the beginning of the period of 1.279 billion yuan. This indicates that the company's liabilities have grown faster than its assets, leading to a decrease in net assets.

In terms of profit data, Prolto's operating income in the first quarter of 2024 was 128 million yuan, a year-on-year decrease of 14.95%. The cost of goods sold was 833.3 million yuan, a year-on-year decrease of 45.20%. Although operating income decreased, the decrease in cost of goods sold was greater, resulting in a significant increase in gross margin from -0.78% in the same period last year to 35.06%. However, the net profit attributable to shareholders of the listed company was -21.97 million yuan, a year-on-year decrease of 83.88%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -22 million yuan, a year-on-year decrease of 62.43%. This indicates that the company still faces significant profit pressure in its main business.

In terms of cash flow, Prolto's net cash inflow from operating activities in the first quarter of 2024 was 1.889 billion yuan, a year-on-year decrease of 54.20%. Net cash outflow from operating activities was 2.091 billion yuan, a year-on-year decrease of 50.98%. The net cash flow from operating activities was -202 million yuan, a year-on-year decrease of 41.39%. This indicates that the company's cash inflows have decreased in its operating activities, while cash outflows have also decreased, but the overall cash flow situation is still not optimistic.

Overall, Prolto's financial performance in the first quarter of 2024 shows certain challenges. Although the company has good development prospects in the field of distributed photovoltaic power generation and new energy storage, it still faces profit pressure and cash flow tension in the short term. The company needs to further optimize its business structure, enhance its profit-making ability, and strengthen its cash flow management to cope with future development challenges.