Shenzhen Woer Heat-shrinkable Material Co., Ltd. (Stock Code: 002130) is a high-tech enterprise focusing on research, production and sales of nuclear materials. The company is dedicated to providing customers with high quality nuclear material products and solutions, covering multiple fields. In the first quarter of 2024, Woer Nuclear Materials released its latest financial data, showing the company's performance on various financial indicators.

At the end of this reporting period, Woer Nuclear Material's total assets were RMB 9.218 billion, an increase of 2.41% compared to the end of the previous year. The owner's equity attributable to shareholders of the listed company was RMB 5.069 billion, an increase of 3.28% compared to the end of the previous year. The asset-liability ratio decreased from 39.32% at the beginning of the period to 38.77% at the end, indicating an improvement in the company's financial structure. In addition, goodwill remained unchanged with a balance of RMB 731 million. These data indicate that Woer Nuclear Materials has performed steadily in asset management and financial health.

In terms of profit, Woer Nuclear Materials' operating income for this reporting period was RMB 1.389 billion, an increase of 21.62% compared to the same period last year. The net income attributable to shareholders of the listed company was RMB 184 million, a year-on-year increase of 77.27%. The net income after deducting non-recurring gains and losses was RMB 173 million, a year-on-year increase of 78.84%. The gross margin increased from 31.09% in the same period of the previous year to 33.16%, and the net margin increased from 9.85% to 14.25%. These data indicate that the company has made significant progress in improving its profitability.

In terms of cash flow, the net cash flow from operating activities was RMB 5.247 million, a year-on-year decrease of 49.79% compared to the same period last year. The subtotal of cash inflows from operating activities was RMB 1.133 billion, a year-on-year increase of 13.30%; while the subtotal of cash outflows was RMB 1.08 billion, a year-on-year increase of 20.64%. Although the net cash flow from operating activities has declined, the company still maintains growth in cash inflows, indicating that its operating ability is still strong.

Overall, Woer Nuclear Materials' financial performance in the first quarter of 2024 was generally good. Its asset size steadily grew and financial structure was optimized; operating income and net profit increased significantly, and its profitability strengthened. Although the net cash flow from operating activities has declined, cash inflows have maintained growth, indicating that the company's operating ability is still strong. In the future, Woer Nuclear Materials is expected to continue its good development momentum, further enhance market competitiveness and shareholder value.