KCT(002625)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥311,615,799.59, representing a 154.59% increase compared to ¥122,399,842.42 in the same period last year[3] - Net profit attributable to shareholders was ¥100,708,222.41, up 135.81% from ¥42,706,746.41 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥95,214,752.61, reflecting a 154.28% increase from ¥37,444,163.08 in the previous year[3] - The company's basic and diluted earnings per share were both ¥0.05, a 150.00% increase compared to ¥0.02 in the same period last year[3] - Total operating revenue for Q1 2023 reached ¥311,615,799.59, a significant increase from ¥122,399,842.42 in the same period last year, representing a growth of approximately 155.5%[14] - Operating profit for Q1 2023 was ¥112,246,225.19, compared to ¥54,181,236.78 in Q1 2022, indicating an increase of about 107.5%[15] - Net profit for Q1 2023 was ¥100,667,123.47, up from ¥42,665,676.84 in Q1 2022, reflecting a growth of approximately 135.8%[15] - The total comprehensive income attributable to the parent company for Q1 2023 was ¥100,708,222.41, compared to ¥42,672,445.10 in Q1 2022, representing a significant increase[16] Cash Flow - The net cash flow from operating activities improved to -¥16,231,192.37, an 83.93% increase from -¥100,993,167.18 year-on-year[3] - Cash inflow from operating activities totaled ¥276,381,283.00, a substantial increase from ¥59,400,778.49 in Q1 2022[17] - The cash received from other operating activities was ¥15,717,934.77, slightly down from ¥17,816,568.28 in the previous year[17] - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency despite a net outflow[17] - Cash outflow from investing activities was ¥88,993,526.92, compared to ¥68,862,296.23 in Q1 2022, leading to a net cash flow from investing activities of -¥60,145,628.57[18] - The net cash flow from financing activities was ¥144,935.05, recovering from -¥1,951,854.12 in the same quarter last year[18] - The ending cash and cash equivalents balance for Q1 2023 was ¥5,227,527,947.82, down from ¥5,328,774,052.72 at the end of Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,180,587,791.36, a slight decrease of 0.23% from ¥9,201,952,922.07 at the end of the previous year[3] - Total liabilities decreased to ¥850,323,636.55 in Q1 2023 from ¥972,726,243.77 in the previous quarter, a reduction of approximately 12.5%[13] - The company's total equity increased to ¥8,330,264,154.81 in Q1 2023, up from ¥8,229,226,678.30 in the previous quarter, reflecting a growth of about 1.2%[13] - As of March 31, 2023, the company's cash and cash equivalents amounted to ¥5,385,866,420.13, a decrease from ¥5,434,485,673.55 at the beginning of the year[11] - Accounts receivable increased to ¥890,086,718.60 from ¥745,673,012.47 at the beginning of the year, indicating a growth of approximately 19.4%[11] - Inventory levels rose to ¥506,551,296.09, up from ¥480,008,670.86, reflecting an increase of about 5.5%[11] - The company reported a significant decrease in notes receivable, which fell to ¥181,083,303.90 from ¥355,297,353.64, a decline of approximately 49.1%[11] - Other receivables decreased to ¥9,825,273.95 from ¥26,903,339.71, showing a reduction of about 63.5%[11] Research and Development - Research and development expenses rose to ¥25,566,718.51, a 140.42% increase from ¥10,634,313.08 in the previous year, indicating increased investment in super-materials[7] - Research and development expenses increased to ¥25,566,718.51 in Q1 2023, compared to ¥10,634,313.08 in Q1 2022, marking an increase of about 140.5%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period was 95,613, with the largest shareholder holding 36.56%[9] - The largest shareholder, Tibet Yingbang Industrial Development Co., Ltd., held 787,661,652 shares, which are pledged[8] - The company has not disclosed any other significant shareholder relationships or actions among the top shareholders[9] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[15]