218 A- share listed companies in Suzhou have disclosed their quarterly financial results. According to Wind statistics, in the first quarter of 2024, the 218 listed companies achieved a total revenue of 197.735 billion billion yuan, an increase of 8.22 percent over the same period last year, equivalent to 35.63 percent of Suzhou's GDP (554.899 billion yuan) in the first quarter.

Among them, there were 2 companies with revenue exceeding 10 billion yuan in the first quarter, 4 companies with revenue exceeding 5 billion billion yuan (excluding 10 billion yuan and above), and 32 companies with revenue exceeding 1 billion billion yuan (excluding 5 billion yuan and above). In terms of year-on-year growth, 139 companies achieved year-on-year revenue growth in the first quarter, accounting for 63.76 percent, an increase of 29 compared with the first quarter of last year (110).

Dongfang Shenghong No. 1 in revenue

Specifically, in the first quarter of this year, Dongfang Shenghong (000301.SZ) topped the top with a revenue of 36.739 billion yuan; Hengtong Optoelectronics (600487.SH) ranked second in revenue, with 11.785 billion yuan. Artes (688472.SH) fell to third place with a revenue of 9.597 billion yuan, down 18.88 percent from the first quarter of last year, dropping out of the 10 billion yuan revenue team.

in addition, Jiangsu Guotai (002091.SZ), Dongshan precision (002384.SZ) and Donghua energy (002221.SZ) were among the enterprises with revenue exceeding 5 billion yuan in the first quarter. Among them, Dongshan Precision's revenue increased by 18.94 year-on-year, surpassing Donghua Energy in fifth place. In contrast, gold mantis (002081.SZ) revenue fell to 4.544 billion yuan, out of 5 billion yuan revenue scale team.

There were 32 companies with revenue exceeding 1 billion yuan (excluding 5 billion yuan and above), a net increase of 9 companies compared with the same period last year. Among them, 11 enterprises such as Zhongxinbo (688408.SH), Vixinuo (002387.SZ), Huguang Stock (605333.SH), Blue Lithium Core (002245.SZ), Anjie Technology (002635.SZ), Suzhou Gutechnetium (002079.SZ) are new members, while Saiwu Technology (603212.SH), * SST Zhongli (0038.30Z3).

In terms of revenue growth, 139 companies achieved year-on-year revenue growth in the first quarter of 2024, an increase of 29 compared with the same period last year. Among them, a total of 11 enterprises doubled revenue, Yaxiang Integration (603929.SH) ranked first with a year-on-year growth rate of 239.64, followed by Tianfu Communications (300394.SZ) and Xujie Technology, with year-on-year growth rates of 154.95 and 140.24, respectively.

in contrast, zhuo zhao dispensing (873726.BJ) saw the largest year-on-year decline in revenue, reaching 67.24, an increase from the same period last year. In addition, * ST Boxin (600083.SH) and Kai Witt (688693.SH) also fell by more than 60%, 66.03 and 63.54 respectively.

from the stock price performance, the first quarter of the Oriental Shenghong stock price rose first and then fell, and finally closed up 5.00 (before the right, the same below).

Suzhou Bank Becomes Profit King

In terms of net profit, the most profitable industry in the first quarter was none other than the banking sector. Wind data show that in the first quarter of this year, the only two enterprises in Suzhou with a net profit of more than 1 billion yuan belong to the banking industry, namely Suzhou Bank (002966.SZ) and Changshu Bank (601128.SH), with net profits of 1.505 billion yuan and 1.027 billion yuan respectively.

in contrast, Tianhua xinneng (300390.SZ)'s net profit fell to 0.634 billion yuan in the first quarter, which was overtaken by Changshu bank, ranking third and falling out of the net profit exceeding 1 billion yuan.

There were 27 companies with a net profit of more than 0.1 billion yuan (excluding 1 billion yuan and above) in the first quarter, a net increase of 5 compared with the same period last year. Among them, Tianfu Communications, Newway (603699.SH), Zhongxinbo (688408.SH), Yaxiang Integration, Anjie Technology and other 10 enterprises are new members, while Goodway (688390.SH), Ruitai Xincai (301238.SZ), Tongding Interconnection (002491.SZ) and Zhonglai (300393.SZ) are left behind.

in addition, although vicino ranked among 1 billion yuan's revenue with a revenue of 1.797 billion yuan, it became the "loss king" of 218 a-share listed companies in Suzhou with a net loss of 0.764 billion yuan in the first quarter. * ST Zhongli and Zhongli ranked second and third in the loss list with losses of 0.187 billion yuan and 0.18 billion yuan respectively.

In terms of growth rate, 126 enterprises achieved year-on-year growth in net profit in the first quarter, accounting for 57.80 per cent, a net increase of 18 compared with the first quarter of last year. Net profit doubled as many as 39 enterprises, accounting for 17.89.

Among them, Xujie Technology ranked first with a year-on-year growth rate of 6834.63, while Blue Lithium Core and Jiangsu Beiren (688218.SH) ranked second and third with a year-on-year growth rate of 990.37 and 970.10, respectively. In addition, net profit growth of more than 500 percent year-on-year enterprises include Huayuan Holdings (002787.SZ), Fengfan shares (601700.SH), Ju Can Optoelectronics (300708.SZ) and Shanghai Guang shares (605333.SH).

in contrast, nasinwei (688052.SH) ranked first in the net profit decline list with a year-on-year growth rate of -9677.28. The net profits of Changlu (002160.SZ), Sreipu (688536.SH), Qingyue Technology (688496.SH) and Changguang Huaxin (688048.SH) also fell by more than 1000, -4447.04, -3098.30 and -3058.26, respectively.

from the stock price performance, the first quarter of Suzhou Bank's share price rose slightly after falling, and finally closed up 10.84; Xujie Technology's share price rose first and then fell, closing down 28.78 percent in the first quarter; Naxin Micro's share price fell sharply, closing down 39.83 percent.

1/4 research and development cost rate of Suzhou listed companies exceeds 10%

from the perspective of gross profit margin, there were 36 enterprises with gross profit margin of more than 40% in the first quarter. Among them, Zejing Pharmaceuticals-U(688266.SH) and Haochen Software (688266.SH) ranked in the top two with 93.40 percent and 90.11 percent of sales gross margin, respectively. Nawei Technology (688690.SH), Shanshi Netke (688030.SH) and Zhongxin Group (601512.SH) also have gross sales margins of more than 70%.

23 companies have net sales interest rates of more than 20%. Among them, Zhongxin Group, Suzhou Bank and Zhangjiagang Bank ranked in the top three with net sales interest rates of 47.61, 46.67 and 42.52, respectively.

from the perspective of R & D expense rate, there were 53 enterprises with R & D expense rate exceeding 10% in the first quarter, accounting for 24.31. Among them, Light Grid Technology (688450.SH) ranked first with a research and development cost rate of 161.48 percent. According to the prospectus, Guangge Technology is a high-tech enterprise focusing on the research and development, production and sales of a new generation of optical fiber sensor network and asset digital operation and maintenance management system. It was sponsored by CITIC Securities and landed on the Science and Technology Innovation Board on July 24, 2023.

judging from the stock price performance, the stock price of zejing pharmaceutical-u rebounded in deep v in the first quarter and finally closed up 1.81 percent. China new group's stock price fluctuated sharply, closing up 2.33 percent in the first quarter. Guangge technology's stock price rose after falling sharply, closing down 26.06 percent in the first quarter.

According to the Shenwan Industry Classification Standard (2021), among the-share listed companies in Suzhou, the number of companies from the electronics industry is the largest, reaching 46, accounting for 21.10; the mechanical equipment and power equipment industries are second, 37 respectively., 25.

Wind data shows that as of the close of trading on June 12, among the 218 A- share listed companies in Suzhou, there are no companies with a market value of more than 100 billion yuan, and 35 companies with a market value of more than 10 billion yuan. The market value of 62.935 billion yuan ranked first, followed by Dongfang Shenghong and Tianfu Communications, with market values of 56.46 billion yuan and 48.672 billion yuan respectively.

(2029 words)

Disclaimer: This report is intended for use by Times Business School clients only. The Company does not consider the recipient to be a customer because of the receipt of this report. This report is based on publicly available information that the Company believes to be reliable, but the Company does not guarantee the accuracy or completeness of such information. The opinions, assessments and forecasts contained in this report reflect only the views and judgments made on the date of publication of the report. The Company does not warrant that the information contained in this report is kept up to date. The Company may modify the information contained in this report without notice, and investors should pay attention to the corresponding updates or modifications. The Company strives to be objective and fair in its report, but the views, conclusions and recommendations contained in this report are for informational purposes only and do not constitute an offer or offer to buy or sell the securities in question. These views and recommendations do not take into account the specific investment objectives, financial situation and specific needs of individual investors, and do not constitute private investment advice to clients at any time. Investors should fully consider their own specific situation and fully understand and use the contents of this report, and should not regard this report as the only factor in making investment decisions. Neither the Company nor the author assumes any legal responsibility for any consequences arising from the use or use of this report. The Company and the authors, to the extent of their knowledge, do not have a legally prohibited interest in the securities or investment subject matter referred to in this report. To the extent permitted by law, the Company and its affiliates may hold and trade positions in securities issued by the companies mentioned in the report, and may also provide or seek to provide investment banking, financial advisory or financial products and other related services. This report is copyrighted onlyowned by the Company. Without the written permission of the Company, any organization or individual shall not infringe the copyright of the Company in any form, such as reproduction, publication, quotation or redistribution to others. If the quotation and publication are approved by the company, it shall be used within the permitted scope, and the source shall be indicated as "Times Business School", and no quotation, abridgement or modification shall be made to this report contrary to the original intention. The Company reserves the right to pursue the relevant responsibilities. All trademarks, service marks and marks used in this report are trademarks, service marks and marks of the Company.