Shandong Delisi Food (stock code: 002330) recently released the first quarter financial report of 2024. As a well-known food processing enterprise, its performance has always been highly valued by the market. This article will analyze and discuss in detail the asset-liability data, profit data and cash flow data of Delisi in the first quarter.
From the perspective of asset-liability data, the total assets of Delisi at the end of the reporting period were RMB 3.29 billion, which was slightly down compared to the end of the previous year of RMB 3.347 billion, a decrease of 1.71%. This is mainly due to the reduction in the company's liabilities, especially the reduction of short-term loans. At the same time, the owner's equity attributable to the shareholders of the listed company has also increased, an increase of 0.57%, indicating that the shareholder equity has been improved to a certain extent while maintaining stable operation. In addition, it is worth noting that the company's asset-liability ratio has also declined, from 29.9% at the end of the previous year to 28.32% in this reporting period, reflecting the sustained optimization of the company's financial structure.
In terms of profit data, Delisi's performance in the first quarter was unsatisfactory. During the reporting period, the company achieved operating income of RMB 784 million, a slight decrease of 0.51% year-on-year. However, the net profit attributable to shareholders of the listed company showed a significant decline, falling by 39.45% year-on-year to RMB 13.47 million. After deducting non-recurring gains and losses, the decline in net profit was even higher at 45.34%. This was mainly due to the dual impact of the increase in inventory impairment losses resulting from the decline in the pig market price and the decrease in steam and power revenue. Nevertheless, the company still strives to slow down the trend of profit decline by controlling costs and expenses, as shown by the year-on-year increase of 100.09% in R&D expenses, indicating the company's investment and determination in product research and development.
In terms of cash flow data, Delisi's net cash flow from operating activities in the first quarter recorded a significant increase, from a negative RMB 3.482 million in the same period last year to RMB 5.712 million in this reporting period, an increase of 264.03%. This significant improvement is mainly due to the decrease in cash paid for goods purchased and services received. Although the net cash flow from investment activities and financing activities showed different degrees of decline, the strong cash flow from operating activities has provided a solid operating foundation for the company.
In summary, Delisi's first quarter report in 2024 presents a mixed situation of joy and worry. Although the net profit of the company has been significantly impacted by multiple factors such as the market environment, the optimization of the asset-liability structure and the strong growth of the cash flow from operating activities demonstrate that the company still has stable operating capacity and risk resistance. In the future, with the continous investment in new product research and development and market expansion, the company is expected to achieve a comprehensive recovery in performance.