Kinwong(603228)2024-04-26 12:32Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥2.74 billion, representing a year-on-year increase of 17.16%[18] - Net profit attributable to shareholders increased by 50.30% to approximately ¥317.89 million, driven by revenue growth[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 48.26% to approximately ¥281.27 million[6] - Basic and diluted earnings per share both increased by 52.00% to ¥0.38 per share[18] - The net profit for the period was 317,200,130.82, an increase from 212,821,281.57 in the previous period, representing a growth of approximately 49.0%[59] - The total profit amounted to 362,269,818.65, compared to 241,256,403.66 in the prior period, indicating an increase of approximately 50.3%[59] - The total comprehensive income attributable to the parent company's owners was 317,747,729.07, compared to 211,499,259.97, reflecting an increase of approximately 50.2%[60] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 21.91% to approximately ¥394.62 million[18] - In Q1 2024, the company reported cash inflows from operating activities totaling CNY 3,056,760,580.49, an increase from CNY 2,913,672,280.23 in Q1 2023, representing a growth of 4.9%[33] - The net cash flow from operating activities for Q1 2024 was CNY 394,619,107.62, down from CNY 505,310,161.70 in the same period last year, indicating a decrease of 22%[30] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 2,047,731,561.22, up from CNY 1,491,273,127.76 at the end of Q1 2023, marking an increase of 37.4%[30] - The company reported a net increase in cash and cash equivalents of CNY 79,333,581.20 for the quarter, a decrease from CNY 215,717,703.78 in the same period last year[30] Assets and Liabilities - Total assets reached approximately ¥17.46 billion, up from ¥17.23 billion in the previous period[25] - Total assets at the end of Q1 2024 reached CNY 17,456,623,388.14, a slight increase of 1.31% compared to CNY 17,230,732,096.64 at the end of the previous year[43] - The company's equity attributable to shareholders increased to CNY 9,095,117,899.24, reflecting a growth of 3.62% from CNY 8,777,369,212.35 at the end of the previous year[43] - Total liabilities amounted to approximately ¥4.72 billion, a slight decrease from ¥4.83 billion in the previous period[25] - Total liabilities decreased to CNY 8,169,346,932.29 from CNY 8,260,511,710.69, a decline of approximately 1.1%[55] Operational Efficiency - The company reported a net profit margin improvement due to increased operational efficiency, although specific figures were not disclosed[57] - Research and development expenses increased to 149,522,778.88, up from 138,251,246.06, reflecting a rise of about 8.9%[59] - The company's sales expenses rose to 47,024,032.33, up from 37,970,463.07, which is an increase of about 23.0%[59] - The financial expenses decreased to 29,156,134.27 from 39,590,368.10, a reduction of approximately 26.4%[59] - The company reported a credit impairment loss of 10,236,610.48, down from 22,009,278.31, representing a decrease of approximately 53.5%[59] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[24] - The company plans to expand its market presence and invest in new product development in the upcoming quarters[57] Shareholder Information - There were no significant changes in the top ten shareholders or their shareholding structures during the reporting period[20] - The income tax expense for the period was 45,069,687.83, up from 28,435,122.09, indicating an increase of about 58.5%[59]