In terms of the revenue status of the pump business, Zhongjin Environment, Leo and Dayuan still occupy the top three places. Among them, Zhongjin Environment (manufacturing) jumped to the top of the list with a revenue of 4.795 billion yuan, LEO Pumps ranked second with a revenue of 3.932 billion yuan, and Dayuan Pumps ranked third with a revenue of 1.879 billion yuan.
In terms of revenue trend, Taifu Pump Industry had the highest growth rate of 28.88%. Zhongjin Environment (Manufacturing) and Dayuan Pump Industry also realized significant growth, with growth rates of 12.61% and 11.98% respectively.
However, in terms of net profit, LEO shares realized a significant increase to 2.223 billion, and Zhongjin Environment (manufacturing industry) realized a net attributable profit of about 537 million yuan, continuing to maintain a steady upward trend of development. Aerospace Power showed a significant year-on-year decline in net profit, and within the current statistics, it is the only company with a net profit loss.
02、「In terms of R&D expenses, there is a relationship between revenue and R&D investments」
In terms of the absolute value of R&D expenses, Zhongjin Environment has the highest R&D expenses of RMB 265 million, while the R&D expenses of Leo and Weipeg are also quite considerable. In contrast, the absolute value of R&D expenses of Beihua, Dayuan Pump, Aerospace Dynamics and Taifu Pump is lower, showing the difference in the scale of R&D investment by different companies.
The positive year-on-year growth rates of R&D expenses of Zhongjin Environment, Dayuan Pumps, Weipeg and Taifu Pumps show that these companies are increasing their investment in R&D, especially Taifu Pumps, which saw its R&D investment increase by as much as 60.83% year-on-year. On the contrary, the year-on-year R&D expenses of Leo and Aerospace Dynamics declined.
Analyzing the R&D data and revenue data, there is a certain relationship between revenue and R&D, but this relationship is not a direct linear correlation. Zhongjin Environment, Dayuan Pumps, Weipeg and Taifu Pumps all have positive year-on-year growth rates in R&D expenses, and they also have relatively high or growing revenues. Increased R&D investment may help drive revenue growth, but it may also be influenced by other factors.
03、「In terms of operating cash flow, the overall picture shows significant differences and variations」
Looking at the operating cash flow data of the companies, the overall picture shows significant differences and changes. Some of the companies showed a decline in operating cash flow, while Zhongjin Environment, Dayuan Pumps, Weipeg and Taifu Pumps showed positive changes in operating cash flow, of which Zhongjin Environment increased by 90.83% year-on-year to RMB720 million, Dayuan Pumps increased by 22.59% year-on-year to RMB331 million, Weipeg realized a significant growth from negative to positive, and Taifu Pumps even increased significantly by 248.08% to RMB181 million.
This indicates that there are significant differences in cash flow management and business strategies among different companies, with some companies needing to strengthen their cash flow management and improve operational efficiency, while some companies have achieved significant cash flow improvements through effective business strategies and sales growth. These differences and changes have an important impact on the long-term development of the Company and need to be highly emphasized by the Company.
04、「In terms of Q1 2024 performance, there are significant differences between the companies' results」
First of all, from the perspective of revenue, in the gold environment, Lingxiao pump industry and other companies to achieve year-on-year growth in revenue, in which the gold environment increased by 5.62%, Lingxiao pump industry is to achieve a rapid growth of 20.37%, indicating that these companies in the market expansion and sales strategy has achieved good results. At the same time, there are some companies whose revenue declined, such as Leo, Beihua and Dayuan Pumps, down 6.80%, 23.85% and 23.48%, respectively.
Secondly, from the perspective of net profit, Zhongjin Environment has realized a significant increase in net profit, with a year-on-year growth rate as high as 122.50%. However, companies such as LEO, Beihua and Weipeg saw a decline or loss in net profit, with LEO's net profit margin at -4.92% and Beihua's net profit turning negative.
Finally, from the perspective of operating cash flow, Zhongjin environment, Dayuan pump industry, Weipeg and Taifu pump industry and other companies have achieved year-on-year growth in operating cash flow, showing that the company's main business still has a strong self-supporting ability.
To summarize, the financial performance of different companies in the first quarter of 2024 shows significant differences. Companies such as Centrin Environment and Lingxiao Pumps have recorded growth in terms of revenue and net profit.
