IKD(SH:600933)2024-04-26 10:53Financial Performance - Revenue for the first quarter of 2024 reached RMB 1,642,316,571.66, a year-on-year increase of 30.69%[4] - Net profit attributable to shareholders of the listed company was RMB 231,882,725.65, up 36.92% compared to the same period last year[4] - Basic earnings per share (EPS) increased by 31.58% to RMB 0.25[4] - Diluted EPS rose by 26.32% to RMB 0.24[4] - The increase in revenue and profit was primarily driven by the expansion of sales scale during the reporting period[8] - Operating revenue for Q1 2024 reached 1,642,316,571.66 RMB, compared to 1,256,653,420.45 RMB in Q1 2023[18] - Net profit for Q1 2024 was 244,033,825.90 RMB, up from 175,773,693.00 RMB in Q1 2023[19] - Sales revenue from goods and services reached RMB 1.65 billion in Q1 2024, compared to RMB 1.32 billion in Q1 2023[21] - Total comprehensive income attributable to the parent company rose to RMB 234.86 million in Q1 2024, up from RMB 182.37 million in Q1 2023[20] - Basic earnings per share increased to RMB 0.25 in Q1 2024, compared to RMB 0.19 in Q1 2023[20] Cash Flow and Liquidity - Net cash flow from operating activities surged by 73.45% to RMB 356,677,090.96[4] - The company's monetary funds increased to 3,569,969,349.87 RMB as of March 31, 2024, compared to 1,942,698,450.01 RMB at the end of 2023[16] - Net cash flow from operating activities increased to RMB 356.68 million in Q1 2024, up from RMB 205.63 million in Q1 2023[22] - Net cash flow from financing activities surged to RMB 1.84 billion in Q1 2024, a significant increase from RMB 406.08 million in Q1 2023[23] - Cash and cash equivalents at the end of the period stood at RMB 3.54 billion in Q1 2024, up from RMB 2.25 billion in Q1 2023[23] - Investment activities resulted in a net cash outflow of RMB 568.84 million in Q1 2024, compared to RMB 832.66 million in Q1 2023[22] - Total cash inflows from financing activities reached RMB 2.59 billion in Q1 2024, up from RMB 607.34 million in Q1 2023[22] - Cash outflows for purchasing goods and services amounted to RMB 931.56 million in Q1 2024, compared to RMB 819.38 million in Q1 2023[22] - Total cash inflows from operating activities were RMB 1.80 billion in Q1 2024, up from RMB 1.38 billion in Q1 2023[22] Assets and Liabilities - Total assets grew by 17.27% to RMB 13,550,916,567.83[5] - Equity attributable to shareholders of the listed company increased by 22.59% to RMB 7,758,245,716.40[5] - The company's total current assets reached 7,403,177,737.85 RMB in Q1 2024, compared to 5,516,071,453.89 RMB at the end of 2023[16] - Fixed assets increased to 3,489,614,934.23 RMB in Q1 2024 from 3,430,464,463.21 RMB at the end of 2023[16] - Total assets increased to 13,550,916,567.83 RMB, up from 11,555,289,914.24 RMB in the previous period[17] - Total liabilities rose to 5,557,530,617.77 RMB, compared to 5,000,528,483.63 RMB in the prior period[18] - Equity attributable to owners of the parent company increased to 7,758,245,716.40 RMB, up from 6,328,363,985.58 RMB[18] - Total non-current assets increased to 6,147,738,829.98 RMB, up from 6,039,218,460.35 RMB[17] - Short-term borrowings increased to 1,897,399,066.66 RMB, compared to 1,447,974,727.26 RMB in the prior period[17] Shareholder Information - The controlling shareholder, Ningbo IKD Investment Management Co., Ltd., increased its holdings by 2,774,200 shares worth 53,456,700 RMB between January 24 and April 2, 2024[12] - The company's largest shareholder, Ningbo IKD Investment Management Co., Ltd., holds 289,694,677 shares, representing 32.29% of total shares[10] - The second-largest shareholder, Zhang Jiancheng, holds 73,141,816 shares, representing 8.15% of total shares[10] - The third-largest shareholder, Leanauto HK Limited, holds 65,719,418 shares, representing 7.32% of total shares[10] Expenses and Costs - Operating costs for Q1 2024 were 1,383,806,706.42 RMB, compared to 1,075,464,867.10 RMB in Q1 2023[19] - R&D expenses increased to 83,108,956.73 RMB, up from 64,446,914.62 RMB in the previous year[19] - The company recognized financial expenses of 15,619,510.50 RMB related to convertible bonds in Q1 2024[14] - Interest income rose to 33,850,942.82 RMB, up from 21,931,652.89 RMB in the previous year[19] Other Financial Metrics - Weighted average return on equity (ROE) increased by 0.35 percentage points to 3.43%[5] - Non-recurring gains and losses amounted to RMB 10,547,538.01[7] - Accounts receivable rose to 1,862,454,639.48 RMB in Q1 2024, up from 1,817,227,629.63 RMB at the end of 2023[16] - Inventory decreased to 946,400,562.25 RMB in Q1 2024 from 980,386,575.33 RMB at the end of 2023[16]