KINGNET(002517)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥954,871,461.79, a decrease of 7.20% compared to ¥1,029,010,035.63 in the same period last year[3] - Net profit attributable to shareholders was ¥289,801,559.02, an increase of 16.72% from ¥248,296,194.84 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥285,803,115.14, up 18.82% from ¥240,534,275.04 in the previous year[3] - Total operating revenue for Q1 2023 was CNY 954,871,461.79, a decrease of 7.2% from CNY 1,029,010,035.63 in Q1 2022[14] - Net profit for Q1 2023 was CNY 366,230,242.07, an increase of 4.3% compared to CNY 352,039,791.34 in Q1 2022[16] - Comprehensive income for Q1 2023 was CNY 362,844,456.08, compared to CNY 351,028,813.39 in Q1 2022, showing a growth of 3.3%[17] - Earnings per share for Q1 2023 was CNY 0.14, up from CNY 0.12 in the same period last year[17] Assets and Liabilities - The company's total assets increased by 7.25% to ¥6,195,097,816.28 from ¥5,776,447,493.31 at the end of the previous year[3] - The total liabilities increased to ¥1,224,039,795.36 from ¥1,201,155,269.85, showing a slight increase of around 1.9%[12] - The total liabilities increased to CNY 1,258,285,430.99 from CNY 1,234,149,373.04, indicating a growth of 2.2%[16] - The total equity attributable to shareholders of the parent company reached CNY 4,787,002,991.34, up from CNY 4,471,903,454.08, marking a 7.1% increase[16] Cash Flow - Cash flow from operating activities was ¥381,004,359.20, reflecting a 6.86% increase compared to ¥356,551,692.16 in the same period last year[3] - The net cash flow from investment activities was -¥8,388,789.49, a significant decrease compared to ¥7,039,202.44 in the previous year, indicating reduced cash inflow from investments[8] - The net cash flow from financing activities was -¥64,706,577.09, a substantial increase in cash outflow compared to -¥7,435,005.82 in the same period last year, primarily due to increased cash payments for dividends and interest[8] - The cash outflow from financing activities amounted to 64,706,577.09 from financing activities[19] - The net increase in cash and cash equivalents was 2,532,784,420.07, resulting in an ending balance of $2,837,903,551.30[19] Expenses - The company's management expenses rose by 103.63% to ¥77,322,256.84, mainly due to increased expenses related to employee stock ownership and stock option plans[7] - Total operating costs decreased to CNY 551,262,794.83, down 17.3% from CNY 666,346,807.96 in the previous year[14] - The company reported a decrease in sales expenses to CNY 233,617,016.68 from CNY 238,423,046.05, a reduction of 2.3%[16] - Research and development expenses rose to CNY 95,341,566.15, compared to CNY 83,604,725.34 in the previous year, reflecting a 14.0% increase[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,893, with the largest shareholder holding 13.78% of shares[9] - The largest shareholder, Jin Feng, holds 296,715,484 shares, representing 13.78% of the total[9] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 207,757,161 shares, accounting for 9.65%[9] - The company has not disclosed any related party relationships among the top shareholders[10] Other Information - The company's cash and cash equivalents amounted to ¥2,856,949,999.28, an increase from ¥2,550,971,324.28 at the beginning of the year[11] - Accounts receivable increased to ¥919,613,342.09 from ¥858,411,226.43, indicating a growth of approximately 7.5%[11] - The company has a goodwill amounting to ¥852,263,659.90, unchanged from the previous period[12] - The first quarter report for 2023 was not audited[20]