Yorhe Fluid Intelligent Control (stock code: 002795) recently released its Q1 2024 financial report. As a company with stable development in the fields of valves, plumbing and tumor precision radiotherapy, Yorhe Fluid Intelligent Control has also actively expanded into the photovoltaic battery industry in recent years in an attempt to achieve diversified development. The financial data of this period reflects the company's operating conditions in a complex market environment. The following provides a detailed interpretation from aspects of assets, liabilities and profits, as well as cash flow.

Firstly, let's focus on the asset-liability data. At the end of the reporting period, the company's total assets were CNY 1.775 billion, a decrease of 5.57% compared to CNY 1.88 billion at the end of the previous year. This change was mainly due to the joint impact of liabilities and equity. Among them, the total liabilities were CNY 993 million, which decreased compared to CNY 1.075 billion in the same period of the previous year, indicating that the company has achieved certain results in optimizing its debt structure. The asset-liability ratio decreased from 57.22% at the beginning of the period to 55.92%, reflecting the company's enhanced debt repayment ability. However, goodwill remained unchanged at CNY 101 million, which may require ongoing attention to its potential risks.

Next, let's analyze the profit data. During this reporting period, the company achieved operating income of CNY 220 million, a decrease of 8.41% compared to CNY 241 million in the same period of the previous year. At the same time, net profit attributable to the shareholders of listed companies showed a significant decline, with a loss of CNY 2.315 million, an increase of 46.88% compared to the same period of the previous year. After deducting non-recurring profits and losses, the downward trend of net profit is still obvious. Basic and diluted earnings per share both declined by 25% YoY, and the weighted average return on net assets also decreased by 1 percentage point. These data indicate that the company's profitability during the reporting period faced significant challenges, which may be related to intensified market competition and rising cost pressures.

Now let's take a look at the cash flow data. The net cash inflow from operating activities was negative CNY 1.976 million, which, although still negative, has improved significantly compared to negative CNY 5.589 million in the same period of the previous year, with an increase of 64.64%. This change was mainly due to the increase in export tax refunds received in this period. The net cash inflow from investing activities also showed significant improvement, mainly benefiting from the decrease in cash payments for the purchase of fixed and long-term assets in the photovoltaic battery industry compared to the same period of the previous year. Nevertheless, the net cash outflow from financing activities showed a sharp decline, mainly due to the increase in cash repayments of debt compared to the same period of the previous year. Overall, the company's cash flow is gradually improving, but further optimization of the capital structure is still needed to enhance overall operational efficiency.

In summary, the Q1 2024 financial report of Yorhe Fluid Intelligent Control shows that the company faces certain pressures and challenges in terms of assets, liabilities, profits and cash flow. Although the improvement in cash flow has brought a glimmer of hope to the company, the decline in profitability still needs to be highly valued. In the future, the company should continue to deepen its diversified development strategy, especially in the fields of valve plumbing, tumor medical services and photovoltaic batteries, to find new growth points, and actively adjust financial strategies to adapt to the constantly changing market environment, so as to achieve more stable and sustainable development.