on April 19, 2024, Yong silicon electronics (688362.SH) released its first quarter performance report for 2024.

the company realized operating income of 0.727 billion yuan, up 71.11 year-on-year, realized net profit of -0.035 billion yuan, reduced loss by 28.91 year-on-year, realized net cash flow from operating activities of 0.201 billion yuan, turned positive year-on-year, and asset-liability ratio of 70.13%, up 6.20 percentage points year-on-year.

the company's gross profit margin on sales was 14.23, up 5.84 percentage points from the same period last year, achieving basic earnings per share of -0.09 yuan, improved from the same period last year, and the diluted return on net assets was -1.49%, which was negative continuously from the same period last year.

the company's inventory turnover rate was 1.67 times, up 0.40 times year-on-year, and the total asset turnover rate was 0.06 times, up 0.01 times year-on-year.

the sales cost is about 8.84 million yuan, the management cost is about 65.79 million yuan, and the financial cost is about 49.2 million yuan.

the number of shareholders of the company is 10000, and the number of shares held by the top ten shareholders of the company is 0.235 billion, accounting for 57.71 per cent of the total share capital, the top ten shareholders are Zhejiang Yongshunxin Electronics Co., Ltd., Zhejiang Longdi Group Co., Ltd., Xianjun (Shanghai) Investment Management Co., Ltd.-Haining Qixin Weibang Equity Investment Partnership (Limited Partnership), Zhongyi Ningbo Ecological Park Holding Group Co., Ltd., Ningbo Whale Innovation Investment Partnership (Limited Partnership), Wang Shunbo, Ningbo Yongjing Enterprise Management Consulting Partnership (Limited Partnership), Ningbo Whale Core Enterprise management Consulting Partnership (Limited Partnership), Ningbo Kaitou Hanrun Investment Management Partnership (Limited Partnership)-Ningbo Hanhai Qianyuan Equity Investment Fund Partnership (Limited Partnership), Ningbo Jingshun Enterprise Management Consulting Partnership (Limited Partnership), the shareholding ratios were 18.20 per cent, 7.60 per cent, 5.72 per cent, 5.06 per cent, 5.04 per cent, 3.92 per cent, 3.74 per cent, 3.56 per cent, 2.45 per cent and 2.42 per cent, respectively.

the company's total research and development expenses were 44.45 million yuan, and the proportion of research and development expenses in operating income was 6.12, a year-on-year decrease of 0.51 percentage points.