on April 25, 2024, nawei technology (688690.SH) released its first quarter performance report for 2024.

the company achieved operating income of 0.154 billion yuan, up 16.64 year-on-year, net profit of 16.89 million yuan, up 36.66 year-on-year, net cash flow from operating activities of 9.18 million yuan, positive year-on-year, asset-liability ratio of 20.26, up 0.40 percentage points year-on-year.

the company's gross profit margin on sales was 78.58, down 1.88 percentage points year-on-year, achieving basic earnings per share of 0.04 yuan, up 36.48 percent year-on-year, and diluted return on net assets of 1.00 percent, up 0.22 percentage points year-on-year.

the company's inventory turnover rate was 0.11 times, down 0.00 times from the same period last year, and the total asset turnover rate was 0.07 times, up 0.00 times from the same period last year.

the sales cost is about 28.39 million yuan, the management cost is about 24.42 million yuan, and the financial cost is about 630000 yuan.

the number of shareholders of the company is 20000, and the number of shares held by the top ten shareholders of the company is 0.247 billion, accounting for 61.19 per cent of the total share capital, the top ten shareholders are Shenzhen Nawei Technology Co., Ltd., BIWANG JACK JIANG, Suzhou Nayan Management Consulting Partnership (Limited Partnership), Hu Weide, Suzhou Nazhuo Management Consulting Partnership (Limited Partnership), Song Gongyou, Suzhou Nahe Management Consulting Co., Ltd., Feng Zhihao, Suzhou Industrial Park Xinjian Yuan Biological Venture Capital Enterprise (Limited Partnership), He Yi, the shareholding ratios were 19.34 per cent, 16.03 per cent, 7.06 per cent, 4.40 per cent, 3.53 per cent, 2.86 per cent, 2.33 per cent, 2.23 per cent, 2.17 per cent and 1.24 per cent, respectively.

the company's total research and development expenses were 41.78 million yuan, and the proportion of research and development expenses in operating income was 27.11, a year-on-year decrease of 1.72 percentage points.