Inner Mongolia Xingye Silver&tin Mining Co., Ltd. (Stock Code: 000426) is a company specializing in mining product development and processing. The company's main products include nonferrous metals such as silver and tin. In recent years, through technological transformation and production optimization, the company has gradually improved its production capacity and market competitiveness. In the first quarter of 2024, Xingye Silver&Tin released the latest financial report data, showing significant growth in multiple financial indicators of the company.
From the asset and liability data, Xingye Silver&Tin's total assets at the end of the first quarter of 2024 were 11.349 billion yuan, an increase of 2.40% compared to the end of the previous year. Among them, the end-of-period balance of monetary funds increased by 79.05% compared to the beginning of the year, mainly due to the increase in cash flow from operating and financing activities. Bills receivable and accounts receivable increased by 41.24% and 35.13%, respectively, reflecting the increase in the use of credit settlement and credit sales for the company's product sales. Advance payments decreased by 38.25%, indicating that suppliers continued to provide goods and services. It is worth noting that the right-of-use assets increased by a significant 14,572.13%, mainly due to the contract renewal of leasing office buildings. On the liability side, the end-of-period balance was 4.545 billion yuan, slightly higher than the beginning of the year. The asset-liability ratio decreased from 40.58% at the beginning of the year to 40.05%, indicating that the company's financial structure has been optimized.
In terms of profit data, Xingye Silver&Tin achieved operating income of 764 million yuan in the first quarter of 2024, a year-on-year increase of 66.51%. This growth was mainly due to the increase in the sales volume of mining products after the technical revision and production optimization of the subsidiary Yinfan Mining, as well as the resumption of production by Qianjinda Mining. The net profit attributable to shareholders of the listed company was 229 million yuan, a significant year-on-year increase of 1539.37%. After deducting non-recurring gains and losses, net profits also increased by 885.29%, indicating a significant improvement in the main business profitability. The gross profit margin increased from 37.6% in the same period of the previous year to 55.91%, and the net profit margin increased from 3.05% to 29.42%, further demonstrating that the company has made significant progress in cost control and profitability.
In terms of cash flow, the net cash flow generated from operating activities was 136 million yuan, a year-on-year increase of 4.59%. The sub-amount of total cash inflow from operating activities was 983 million yuan, a significant increase compared to the same period last year, mainly due to the growth in sales revenue. The sub-amount of total cash outflow from operating activities was 847 million yuan, which also increased compared to the same period last year, reflecting the increase in investment in production and operation by the company. Overall, while maintaining stable cash flow, the company has further strengthened its investment in production and operation, laying a solid foundation for future development.
In summary, Xingye Silver&Tin's financial performance in the first quarter of 2024 is very impressive. Whether it is the optimization of the asset and liability structure or the significant growth in profits and cash flow, it shows that the company has strong strength and good prospects in the market competition. In the future, with the continuous growth of the mining product market demand and the continuous optimization of internal management, Xingye Silver&Tin is expected to continue its good development trend and create greater value for shareholders.