KINGFA(600143)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 10,510,024,773.21, representing an increase of 8.54% compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 65.33% to CNY 103,542,822.28, while the net profit after deducting non-recurring gains and losses fell by 69.30% to CNY 80,234,038.02[4][8]. - Basic earnings per share decreased by 65.48% to CNY 0.0388, with diluted earnings per share showing the same decline[5][8]. - Operating profit for Q1 2024 decreased to ¥149,186,610.66, down 64.96% from ¥425,887,327.92 in Q1 2023[20]. - Net profit attributable to shareholders of the parent company for Q1 2024 was ¥103,542,822.28, a decline of 65.32% compared to ¥298,633,388.72 in Q1 2023[21]. - The company reported a comprehensive income total of ¥56,032,000.59 for Q1 2024, compared to ¥289,474,123.65 in Q1 2023, showing a significant decrease[21]. - The company's total revenue for Q1 2024 was ¥3,653,022,617.73, a decrease of 5.8% compared to ¥3,879,204,807.20 in Q1 2023[28]. - Operating profit for Q1 2024 was ¥169,356,211.32, down from ¥192,882,474.00 in Q1 2023, reflecting a decline of 12.2%[28]. - Net profit for Q1 2024 was ¥139,672,474.80, compared to ¥164,279,063.85 in Q1 2023, representing a decrease of 15%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 62,614,081,529.60, up 1.69% from the end of the previous year[5]. - The total liabilities of the company decreased to RMB 38,317,000,000.00 from RMB 39,000,000,000.00, reflecting a decrease of approximately 1.7%[18]. - The total liabilities as of Q1 2024 amounted to ¥44,510,372,389.92, compared to ¥43,660,211,601.33 in the previous year, indicating a growth of 1.95%[19]. - The company's total liabilities increased to ¥19,175,917,904.22 in Q1 2024, up from ¥16,816,296,616.81 in Q1 2023, marking a rise of 8.1%[27]. - Total current liabilities decreased to RMB 22,392,509,302.04 from RMB 23,347,613,523.51, reflecting a reduction of about 4.1%[18]. - The total current liabilities amounted to ¥11,990,924,372.55 in Q1 2024, up from ¥11,052,289,300.03 in Q1 2023, reflecting an increase of 8.5%[25]. Cash Flow - The net cash flow from operating activities was CNY 253,879,882.49, reflecting a slight increase of 2.60%[4]. - The cash inflow from operating activities for Q1 2024 was ¥11,466,840,094.02, an increase of 22.3% compared to ¥9,369,318,673.89 in Q1 2023[22]. - The net cash flow from operating activities for Q1 2024 was ¥253,879,882.49, slightly up from ¥247,435,565.09 in Q1 2023[22]. - The total cash outflow from investing activities in Q1 2024 was ¥677,820,504.77, a significant decrease of 58.4% from ¥1,629,380,020.68 in Q1 2023[23]. - The net cash flow from financing activities for Q1 2024 was ¥1,819,083,324.59, down from ¥2,994,250,880.29 in Q1 2023[23]. - Cash inflow from financing activities rose to approximately 1.34 billion in Q1 2023, marking a 93.5% increase[30]. - Net cash flow from financing activities improved to approximately 1.55 billion in Q1 2023[30]. - Cash inflow from other operating activities decreased to approximately 3.15 billion in Q1 2023, a decline of 51.1%[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 178,479[9]. - The top shareholder, Yuan Zhimin, holds 510,380,393 shares, representing 19.11% of the total shares[10]. - Shareholders' equity attributable to the parent company increased by 1.60% to CNY 16,610,146,821.85[5]. - The total equity attributable to shareholders of the parent company was ¥16,610,146,821.85 in Q1 2024, up from ¥16,348,874,802.69 in Q1 2023, reflecting an increase of 1.60%[19]. - Total equity for the company reached ¥14,084,116,766.46 in Q1 2024, an increase from ¥13,815,007,130.51 in Q1 2023, reflecting a growth of 1.9%[27]. Research and Development - R&D expenses increased significantly to ¥446,061,826.85 in Q1 2024, compared to ¥285,010,461.88 in Q1 2023, marking a rise of 56.53%[20]. - Research and development expenses for Q1 2024 were ¥135,782,724.04, up from ¥98,267,093.89 in Q1 2023, indicating a significant increase of 38.1%[28].