23年报&24Q1财报业绩分析：全A盈利有所收窄，“出行链”“出口链”盈利好转

Group 1 - The overall A-share market experienced a slight revenue increase of 0.1% year-on-year in Q1 2024, while net profit decreased by 4.6% year-on-year [9][63][101] - The main board's performance remains under pressure, with a net profit decline of 2.5% year-on-year in Q1 2024, while the ChiNext and Sci-Tech Innovation Board showed significant recovery in profitability [10][159] - The gross profit margin for the overall A-share market increased by 0.32 percentage points to 17.7%, while the net profit margin decreased by 0.3 percentage points to 5.8% [79][106] Group 2 - The TMT sector showed the highest revenue growth at 11.5% in Q1 2024, indicating a recovery in this area [175] - The public utilities sector experienced a remarkable net profit growth of 46.9% in Q1 2024, the highest among all sectors [175] - The financial and real estate sectors are facing challenges, with the financial sector's performance at its lowest level since 2018 [175][178] Group 3 - The cash collection ratio for sales improved, indicating better overall cash flow for enterprises, with the ratio rising to 104.8% for the overall A-share market [81] - The asset turnover ratio continues to decline, suggesting that the economic recovery's impact on revenue has been partially released, but there is still room for improvement [78][105] - The overall profitability remains to be improved, with the net profit margin showing a downward trend despite some sectors experiencing recovery [2][30][63]