KDTECH(002516)2024-04-25 08:11Financial Performance - The company's operating revenue for Q1 2024 was ¥433,493,032.38, representing a 37.83% increase compared to ¥314,514,365.29 in the same period last year[5] - Net profit attributable to shareholders decreased by 7.63% to ¥30,610,728.10 from ¥33,138,414.12 year-on-year[5] - The company's revenue increased by 37.83% year-on-year, while the net profit attributable to shareholders decreased by 7.63% due to reduced power generation from solar power plants and lower average electricity prices from market transactions[15] - Net profit for Q1 2024 was ¥6,560,032.08, a decrease of 78.3% from ¥30,200,169.62 in the previous year[21] - The total comprehensive income for the quarter was ¥28,314,257.43, down from ¥33,484,501.58, reflecting a decrease of 15.4% year-over-year[22] Cash Flow - The net cash flow from operating activities fell by 53.95% to ¥19,524,993.22, down from ¥42,397,581.36 in the previous year[5] - Cash flow from operating activities was ¥296,177,730.42, slightly up from ¥291,221,591.33, showing a year-over-year increase of 1.3%[23] - The net cash flow from operating activities for Q1 2024 was ¥19,524,993.22, a decrease from ¥42,397,581.36 in Q1 2023[24] - The net cash flow from investing activities was -¥65,923,877.99, compared to -¥117,980,762.44 in the same period last year[24] - The net cash flow from financing activities was -¥158,595.00, a decrease from -¥16,313,702.50 in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,359,148,624.07, a decrease of 1.41% from ¥4,421,493,241.12 at the end of the previous year[5] - The company's total liabilities decreased to ¥685,682,355.53 from ¥777,231,592.80, reflecting a reduction of approximately 11.8%[21] - The total current assets were CNY 2,299,105,484.58, slightly down from CNY 2,338,391,533.50 at the beginning of the period[18] - The total non-current assets were CNY 2,060,043,139.49, down from CNY 2,083,101,707.62 at the beginning of the period[18] Shareholder Information - As of the end of the reporting period, the total number of common stock shareholders was 42,538, with the top 10 shareholders holding 52.37% of the total shares[14] - The largest shareholder, Shen Jialiang, holds 46.63% of the shares, with 215,300,000 shares pledged[14] - The company repurchased shares totaling 24,776,500 shares, representing 1.68% of the total share capital[14] Operating Costs and Expenses - The company reported a 42.01% increase in operating costs, amounting to ¥33,443,840.84, due to an increase in orders for decorative parts[9] - Total operating costs amounted to ¥388,916,199.41, up 36.3% from ¥285,460,031.08 year-over-year, with operating costs specifically rising from ¥235,499,294.85 to ¥334,438,408.84[20] - The financial expenses surged by 232.30% to ¥75,830.00, primarily due to increased leasing interest expenses[9] - Research and development expenses for the quarter were ¥13,010,735.97, a marginal increase from ¥12,809,899.76, reflecting a focus on innovation[21] Earnings Per Share - The company’s basic earnings per share decreased by 7.56% to ¥0.0208 from ¥0.0225 in the same period last year[5] - The company reported a basic earnings per share of ¥0.0208, down from ¥0.0225 in the previous year, indicating a decline of 7.6%[22] Other Income and Comprehensive Income - The company experienced a 270.97% increase in other income, totaling ¥236,050.00, attributed to VAT rebates from advanced manufacturing policies[9] - Other comprehensive income after tax was reported at -¥1,885,912.19, compared to ¥1,417,388.87 in the same period last year, showing a significant negative shift[22] - The ending balance of cash and cash equivalents was ¥238,776,621.60, down from ¥462,898,997.04 at the end of Q1 2023[24] Audit Information - The company did not undergo an audit for the Q1 2024 report[25]