preface
April 27th. Penghui Energy (stock code: 300438) (hereinafter referred to as the "Company") announced the "First Quarterly Report of 2024". According to the report, the company achieved a total revenue of 1.597 billion yuan in the first quarter of 2024, a year-on-year increase of -36.00%, a net profit of 16.3569 million yuan, a year-on-year increase of -91.04%, and a basic earnings per share of 0.0325 yuan/share.
Good news for Penghui Energy:
1. Stable energy and long-lasting battery life! Penghui Energy's pouch battery GSP062040 adopted by ZMI Purspace 2 pro
2. Focusing on the battery industry for 21 years, Penghui Energy has launched a fast-charging button pouch battery solution for TWS earphones
3. Penghui Energy has developed a 4.45V high-voltage buckle pouch battery for TWS, which is expected to achieve stable mass production in 2021
4、鹏辉能源软包电池获紫米首款真无线降噪耳机ZMI PurPods Pro采用
Total revenue and net profit over the years
From 2021 to the first quarter of 2024, the company achieved total revenue of 1.062 billion yuan, 1.662 billion yuan, 2.495 billion yuan and 1.597 billion yuan respectively, with year-on-year changes of 138.75%, 56.48%, 50.14% and -36.00% respectively.
The company's total revenue in each quarter from 2021Q1 to 2024Q1 is shown in the figure below. During this period, the company's total revenue was the highest in 2022Q4, reaching 2.565 billion yuan. The lowest total revenue was in 2021Q1, at 1.062 billion yuan. In 2024Q1, the company achieved a total revenue of 1.597 billion yuan, a year-on-year increase of -36.00%.
From 2021 to the first quarter of 2024, the company achieved net profit of 55 million yuan, 91 million yuan, 182 million yuan and 16 million yuan respectively, with year-on-year changes of 171.16%, 65.51%, 101.46% and -91.04% respectively in the first quarter.
The company's net profit from 2021Q1 to 2024Q1 is shown in the figure below. During this period, the company's highest net profit was in 2022Q3, achieving 199 million yuan, and the lowest net profit was in 2023Q4, which was -232 million yuan. In 2024Q1, the company achieved a net profit of 16 million yuan, a year-on-year increase of -91.04%.
In terms of expenses, the company incurred sales expenses of 37.2195 million yuan in 2024Q1, a year-on-year increase of -30.17%; management expenses were 68.1952 million yuan, a year-on-year increase of 3.47%; R&D expenses were 69.0029 million yuan, a year-on-year increase of -38.29%; The financial expenses were 10.871 million yuan, a year-on-year increase of 16.81%.
Profitability analysis
1. Gross profit margin of sales
From 2021 to 2024Q1, the company's quarterly sales gross margin is shown in the figure below. The highest quarterly value of the company's sales gross profit margin is 2022Q3, which is 20.80%, and the lowest value of sales gross profit margin is 6.58%.
In 2024Q1, the company's gross sales margin was 11.84%, compared with 19.96% in the same period last year; Net profit margin on sales was 0.60%, compared to 8.51% in the same period last year. Companies need to deeply analyze their cost structure and market strategies to find ways to improve profitability.
2. Return on net assets
From 2021 to 2024Q1, the company's quarterly return on net assets is shown in the figure below. The highest quarterly value of the company's return on equity was 2022Q4, with a maximum value of 5.50% and a minimum return on equity of -4.73%.
The company's return on equity in 2024Q1 was 0.29%, compared to 4.30% in the same period last year. Companies need to analyze capital allocation strategies and profit models to improve asset utilization efficiency and shareholder returns.
I love the audio network summary
Overall, Penghui Energy is facing the challenges of declining revenue and profit and declining profitability in the first quarter of 2024, but the company still has certain advantages and potential in product application and technology research and development. In the future, the company needs to deeply analyze the cost structure, market strategy, capital allocation strategy and profit model, etc., in order to seek to improve profitability and asset utilization efficiency and achieve better development.
Tips: The above information is for reference only and is not intended as a suggestion to enter the market; Investment is risky, and you need to be cautious when entering the market.
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