KJS(601579)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 437,144,435.35, representing an increase of 18.19% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2024 was CNY 92,179,385.79, reflecting a growth of 16.11% year-over-year[4] - The basic earnings per share for the period was CNY 0.20, which is an increase of 17.65% compared to the previous year[4] - Total revenue for Q1 2024 reached ¥437,144,435.35, an increase of 18.1% compared to ¥369,876,313.26 in Q1 2023[24] - The net profit for Q1 2024 was CNY 92,640,316.31, an increase of 16.5% compared to CNY 79,427,508.88 in Q1 2023[25] - Operating profit for Q1 2024 reached CNY 117,884,495.26, up from CNY 107,267,145.36 in the same period last year, reflecting a growth of 15.1%[25] - The total comprehensive income for Q1 2024 was CNY 92,640,316.31, an increase from CNY 79,427,508.88 in Q1 2023[25] - The company reported a total profit of CNY 119,221,734.10 for Q1 2024, compared to CNY 107,352,090.36 in Q1 2023, indicating a growth of 11.3%[25] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -62,517,540.59, indicating a significant cash outflow[4] - Cash and cash equivalents at the end of Q1 2024 were CNY 647,434,932.44, down from CNY 679,244,512.19 at the end of Q1 2023[30] - The company's cash and cash equivalents decreased to ¥647,441,932.44 as of March 31, 2024, down from ¥719,609,362.89 as of December 31, 2023, a decline of 10.0%[20] - The total assets at the end of the reporting period were CNY 4,422,343,346.72, a decrease of 2.33% from the end of the previous year[4] - The company's total assets as of March 31, 2024, were ¥4,422,343,346.72, down from ¥4,527,703,115.20 as of December 31, 2023, a decrease of 2.3%[22] - Total current assets decreased to ¥2,014,951,264.97 as of March 31, 2024, down from ¥2,052,841,104.88 as of December 31, 2023, a decline of 1.8%[20] Expenses - Research and development expenses surged by 238.05%, primarily due to an increase in the number of R&D projects and investment intensity[6] - Sales expenses increased by 131.52%, mainly due to higher personnel costs and advertising expenses[6] - Total operating costs for Q1 2024 were ¥326,326,406.05, up 24.9% from ¥261,125,750.23 in Q1 2023[24] - Research and development expenses increased significantly to ¥10,028,964.81 in Q1 2024, compared to ¥2,966,708.06 in Q1 2023, marking a growth of 237.5%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,214[8] - The top shareholder, Zhongjianxin (Zhejiang) Venture Capital Co., Ltd., holds 149,158,200 shares, representing 31.11% of the total shares[12] - Zhejiang China Light Textile City Group Co., Ltd. holds 101,769,800 shares, accounting for 21.23% of the total shares[12] - The company reported a total of 132,158,200 shares held in ordinary securities accounts by its major shareholders[12] - The company’s major shareholders include individuals and institutions, with the largest individual shareholder holding 3,008,518 shares, representing 0.63%[12] Corporate Actions - The company completed the transfer of 100% equity of its wholly-owned subsidiary, Zhejiang Jinggong Agricultural Development Co., Ltd., on January 19, 2024, with the transaction successfully registered[14] - As of February 21, 2024, the company repurchased 9 million shares, accounting for 1.88% of the total share capital, with a total expenditure of approximately RMB 95.64 million[16] - The company established Shaoxing Kuaijishan E-commerce Co., Ltd. on March 27, 2024, with a registered capital of RMB 1 million, focusing on internet sales and food sales[17] - The company has completed the equity transfer and registered the change with the relevant authorities as of the report date[15] Liabilities - Total liabilities decreased to ¥689,167,923.72 as of March 31, 2024, down from ¥856,722,445.12 as of December 31, 2023, a reduction of 19.6%[21] - The company reported a significant reduction in accounts payable, which decreased to ¥220,085,016.79 in Q1 2024 from ¥302,869,167.39 in Q1 2023, a decrease of 27.2%[21] Other Financial Metrics - The weighted average return on equity increased by 0.40 percentage points to 2.51%[4] - The company incurred a credit impairment loss of CNY -2,291,441.79 in Q1 2024, an improvement from CNY -3,751,285.19 in Q1 2023[25] - The company's share repurchase had a maximum price of RMB 11.30 per share and a minimum price of RMB 7.93 per share, with an average price of RMB 10.63 per share[16] - The company has not disclosed any significant changes in the participation of major shareholders in margin financing and securities lending activities[13]