KP TECH.(300907)2024-04-25 11:31Financial Performance - The company's revenue for Q1 2024 was CNY 260,846,484.99, representing a 15.90% increase compared to CNY 225,060,001.78 in the same period last year[5] - Net profit attributable to shareholders increased by 163.42% to CNY 18,111,959.83 from CNY 6,875,577.59 year-on-year[5] - Basic and diluted earnings per share rose by 163.55% to CNY 0.1887 from CNY 0.0716 in the same quarter last year[5] - The company reported a significant increase in other income, which rose by 258.52% to CNY 2,381,426.34 due to increased government subsidies[9] - The company's investment income increased by 73.90% to CNY 490,716.60, attributed to higher returns from structured deposits[9] - Net profit for Q1 2024 was ¥17,851,336.87, up 159.5% from ¥6,875,543.22 in the same period last year[21] - Basic earnings per share for Q1 2024 were ¥0.1887, compared to ¥0.0716 in Q1 2023, representing a 163.5% increase[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly by 148.21%, reaching CNY 43,204,053.32 compared to CNY 17,406,109.05 in the previous year[5] - Operating cash flow for Q1 2024 was ¥43,204,053.32, significantly higher than ¥17,406,109.05 in Q1 2023, marking a 148.5% increase[24] - The company's cash and cash equivalents increased to CNY 154,337,571.69 from CNY 143,615,640.87, reflecting a growth of approximately 12%[17] - The total cash and cash equivalents at the end of Q1 2024 amounted to 154,311,501.13, compared to 116,883,725.84 at the end of Q1 2023, showing an increase of approximately 31.9% year-over-year[25] - The net increase in cash and cash equivalents for Q1 2024 was 10,722,716.59, contrasting with a decrease of -64,965,648.15 in Q1 2023, marking a significant turnaround[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,205,590,107.29, a 2.96% increase from CNY 1,170,935,693.96 at the end of the previous year[5] - The total assets increased to ¥1,205,590,107.29 in Q1 2024, compared to ¥1,170,935,693.96 in Q1 2023, reflecting a growth of 2.9%[19] - The total current liabilities increased to CNY 406,110,630.64 from CNY 384,356,297.24, representing a rise of approximately 5.3%[18] - The company's total liabilities amounted to CNY 418,684,951.54, up from CNY 398,003,951.76, indicating an increase of approximately 5.2%[18] - The total liabilities increased to ¥418,684,951.91 from ¥398,003,951.76, reflecting a growth of 5.7%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,209, with the largest shareholder holding 41.81% of the shares[12] - The company reported a total of 1,125 shares under lock-up for executives, with 281 shares released during the period[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The company is implementing new accounting standards starting in 2024, which may influence future financial reporting and analysis[26] Other Financial Metrics - The company's financial expenses decreased by 52.65% to CNY 1,213,976.52, primarily due to reduced exchange losses[9] - The company's inventory decreased to CNY 189,771,027.70 from CNY 217,823,281.47, showing a decline of about 12.9%[17] - The non-current assets totaled CNY 413,336,682.72, down from CNY 425,442,424.14, indicating a decrease of approximately 2.1%[18] - Short-term borrowings increased to CNY 135,880,305.01 from CNY 117,703,340.71, reflecting an increase of about 15.4%[18] - The company achieved a net cash inflow from investment activities of ¥154,697,614.66, compared to ¥80,054,356.06 in the previous year, indicating a strong performance in investment recovery[24] - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[26]