Jinlang Technology released its 2024 interim report.
The data in this article is compiled by Bread Finance researchers based on financial reports and related announcements, and does not constitute investment advice to anyone.
During the period, Jinlang Technology achieved operating income of 3.355 billion yuan, an increase of 3.2% year-on-year; the net profit was 352 million yuan, a year-on-year decrease of 43.84%; The net profit attributable to the parent company was 352 million yuan, a year-on-year decrease of 43.84%.
Revenue increased by 3.2% year-on-year, and net profit attributable to the parent company decreased by 43.84% year-on-year
According to the 2024 interim report, Jinlang Technology achieved operating income of 3.355 billion yuan during the period, an increase of 3.2% over the same period last year; the net profit was 352 million yuan, a year-on-year decrease of 43.84%; the net profit attributable to the parent company was 352 million yuan, a year-on-year decrease of 43.84%; The net profit attributable to the parent company after deducting non-profits was 319 million yuan, a year-on-year decrease of 50.86% over the same period last year.
In the 2024 interim report, Jinlang Technology's R&D expenses will be 176 million yuan, an increase of 10.31% year-on-year. The company's R&D expenses accounted for 5.24% of revenue, an increase of 0.34 percentage points year-on-year.
In a single quarter, Jinlang Technology achieved revenue of 1.958 billion yuan in the second quarter, an increase of 40.18% month-on-month and a year-on-year increase of 22.64%. From the perspective of profitability, the company achieved a net profit attributable to the parent company of 332 million yuan in the second quarter, an increase of 1536.32% month-on-month and a year-on-year increase of 9.53%.
Operating cash flow increased by 669.88% year-on-year
In terms of cash flow, in the 2024 interim report, the company's net operating cash flow was 594 million yuan, an increase of 669.88% year-on-year from -104 million yuan in the same period last year.
In a single quarter, Jinlang Technology's net operating cash flow in the second quarter was 601 million yuan.
inventories were 2.118 billion yuan, and total liabilities increased by 8.57% year-on-year
As of the end of the first half of the year, Jinlang Technology's inventory was 2.118 billion yuan, compared with 2.595 billion yuan in the same period last year, a year-on-year decrease of 18.4%.
At the end of the reporting period, the company's total liabilities were 13.747 billion yuan, an increase of 8.57% year-on-year.
In terms of debt structure, the latest asset-liability ratio of Jinlang Technology was 63.02%, compared with 62.39% in the same period last year, an increase of 0.64 percentage points year-on-year, and monetary funds were 665 million yuan, a year-on-year decrease of 72.81%.
(Article serial number: 1831626292261425152/PLH.)
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