KN(SH:603111)2025-04-28 12:30Financial Performance - The company's operating revenue for Q1 2025 reached ¥871,488,397.31, representing a 20.16% increase compared to ¥725,267,200.33 in the same period last year[3]. - Net profit attributable to shareholders was ¥50,992,707.24, up 14.34% from ¥44,598,572.59 year-on-year[3]. - The net profit after deducting non-recurring gains and losses increased by 29.83%, amounting to ¥44,729,304.95 compared to ¥34,452,875.77 in the previous year[3]. - Total operating revenue for Q1 2025 reached ¥871,488,397.31, an increase of 20.2% compared to ¥725,267,200.33 in Q1 2024[19]. - Net profit for Q1 2025 was ¥52,734,602.33, representing a 13.5% increase from ¥46,509,940.57 in Q1 2024[20]. - The total profit for the first quarter of 2025 is 13,564,780.23 CNY, compared to 14,746,012.40 CNY in the same period of 2024, reflecting a decrease of approximately 8.0%[31]. - The net profit for the first quarter of 2025 is 14,637,868.81 CNY, down from 16,102,763.75 CNY in the first quarter of 2024, indicating a decline of about 9.1%[31]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥251,840,300.50, worsening from a net outflow of ¥150,808,425.72 in the same period last year[3]. - Cash flow from operating activities for Q1 2025 was negative at -¥251,840,300.50, worsening from -¥150,808,425.72 in Q1 2024[22]. - The net cash flow from investment activities was -13,169,658.40 RMB, a significant decrease compared to 236,925,421.43 RMB in the previous period[23]. - The total cash and cash equivalents at the end of the period decreased to 652,992,332.32 RMB from 918,395,929.92 RMB[23]. - Cash inflow from financing activities was 56,743,921.64 RMB, compared to 61,000,000.00 RMB in the previous period, indicating a decrease of about 7.4%[23]. - The cash and cash equivalents at the end of Q1 2025 stand at 476,160,965.19 CNY, down from 739,693,956.29 CNY at the end of Q1 2024[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,764,716,238.78, a decrease of 2.23% from ¥6,919,265,436.97 at the end of the previous year[3]. - The company's total assets amounted to RMB 6,764,716,238.78, a decrease from RMB 6,919,265,436.97 as of December 31, 2024[15]. - The total liabilities decreased to ¥2,646,072,718.09 in Q1 2025 from ¥2,856,436,829.14 in Q1 2024, reflecting improved financial health[18]. - The total liabilities decreased to 2,083,238,267.37 RMB from 2,211,753,581.37 RMB, showing a reduction of approximately 5.8%[28]. - The company's total assets decreased to 5,603,705,895.89 RMB from 5,713,768,079.27 RMB, a decline of about 1.9%[28]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,033[8]. - The basic earnings per share for the period was ¥0.06, reflecting a 20.00% increase from ¥0.05 in the previous year[3]. - The total equity attributable to shareholders increased to ¥3,970,992,479.89 in Q1 2025 from ¥3,916,919,462.12 in Q1 2024, showing growth in shareholder value[18]. - The company's total equity increased to 3,520,467,628.52 RMB from 3,502,014,497.90 RMB, reflecting a growth of approximately 0.5%[29]. Legal and Compensation Issues - A total of 17 investors have filed compensation lawsuits against the company, with 8 cases resulting in a first-instance judgment requiring the company to compensate a total of RMB 1,384,439.69[13]. - The company has accrued a total of RMB 216,031,343.66 for investor compensation losses as of the end of the reporting period[13]. - The company is actively pursuing legal actions to recover losses from former shareholders of Longxin Technology, with ongoing efforts to reclaim additional funds[12]. Operational Metrics - The order amount for the company's main rail transit business reached ¥7.971 billion, an increase of 9.16% compared to the end of last year[3]. - Research and development expenses increased to ¥84,186,576.96 in Q1 2025, up from ¥71,513,388.69 in Q1 2024, indicating a focus on innovation[19]. - The gross profit margin for Q1 2025 was approximately 20.3%, compared to 24.5% in Q1 2024, indicating a decline in profitability[30]. - Research and development expenses increased to 40,478,169.96 RMB in Q1 2025, up from 30,852,180.86 RMB in Q1 2024, reflecting a growth of about 31.3%[30].