Tongfu Microelectronics (stock code: 002156) recently released its Q1 2024 financial report. As a leading enterprise in integrated circuit packaging and testing services, its performance has been highly anticipated by the market. This article will conduct a detailed and in-depth analysis and discussion of the balance sheet data, profit data and cash flow data of Tongfu Microelectronics.
In terms of the balance sheet, as of the end of the reporting period, Tongfu Microelectronics' total assets reached 35.021 billion yuan, a slight increase of 0.41% from the end of the previous year, maintaining a stable growth trend. The total amount of liabilities was 20.2 billion yuan, and the asset-liability ratio was 57.68%, slightly down from the beginning of the period, demonstrating the company's stable financial condition and controllable risks. At the same time, the goodwill amount was 1.118 billion yuan, which was basically flat compared to the beginning of the period, and there was no obvious signs of impairment, indicating that the company's merger and integration effects are good.
In terms of profit data, in the first quarter, Tongfu Microelectronics achieved operating income of 5.282 billion yuan, a year-on-year increase of 13.79%, indicating that the company still maintains a strong growth momentum in the market fluctuation. What's more impressive is that the net profit attributable to shareholders of the listed company reached 98.4924 million yuan, a year-on-year increase of 2,064.01%, mainly due to the recovery of market demand and the company's effective cost-saving measures. In addition, both basic earnings per share and diluted earnings per share achieved significant growth, and the weighted average return on net assets also increased to 0.70%, reflecting the company's significant improvement in profitability.
In terms of cash flow, the net cash flow generated from operating activities in the first quarter of Tongfu Microelectronics was 790 million yuan, although it decreased compared to the same period last year, it still maintained a relatively high level. The other cash received related to operating activities increased by 57.66% year-on-year, mainly due to the increase in government subsidies and interest income in this reporting period. In addition, the amount of tax refunds received also increased significantly to 309 million yuan, a year-on-year increase of 221.96%, mainly due to the increase in deferred tax assets received in this reporting period, further improving the company's cash flow situation.
In summary, Tongfu Microelectronics' Q1 2024 financial report presented a stable performance growth and strong cash flow performance. Against the backdrop of a complex and ever-changing market environment, the company has successfully grasped the market opportunities driven by emerging technologies with its profound technical capabilities, extensive product lines, and flexible market strategies. Looking to the future, with the continuous development of artificial intelligence, 5G and other fields, Tongfu Microelectronics is expected to continue its high-quality development trend and help China's semiconductor industry reach new heights.