Gelonghui May 21| Baijia Technology previously announced results showingbingointernet, 2023 revenue 10bingointernet.04 billion yuan, a year-on-year increase of 2.03%; net profit attributable to the parent company was 40.1214 million yuan, a year-on-year decrease of 19.25%. In the first quarter of 2024, revenue was 154 million yuan, a year-on-year decrease of 24.28%; net profit attributable to the parent company was 5.34 million yuan, a year-on-year decrease of 60.89%; net cash flow from operating activities was-31 million yuan, which continued to deteriorate year-on-year; the asset-liability ratio was 53.81%, an increase of 0.40 percentage points year-on-year.
In response, some investors asked at today's performance briefing: The company will go public in March 2023, but its performance in 2023 after listing is so poor that revenue and net profit show a significant reverse deviation, so that some investors question the company's listing or fraud. Is there any false financial performance when the company goes public?
The sponsor representative of Baijia Technology responded that due to the influence of the macro environment, the industry competition is becoming increasingly fierce, and the company's gross profit margin will drop slightly in 2023. However, in order to ensure the long-term sustainable and healthy development of the company, sales expenses, management expenses, and financial expenses will increase, and R & D investment will continue to increase. Therefore, although revenue will increase in 2023, net profit will decline. In 2023, the company will increase the collection of refunds, and the net cash flow from operating activities will increase by 44.40% year-on-year. In summary, Baijia Technology's 2023 operating situation is in line with the company's development. The company's management team continues to strengthen investment in R & D, strengthen cooperation with large and high-quality enterprises, and improve the company's profitability. There is no situation of the company falsely increasing its performance.
