King's Luck(SH:603369)2025-04-29 13:08Financial Performance - The company's revenue for Q1 2025 reached ¥5,098,691,636.38, representing a 9.17% increase compared to ¥4,670,618,874.87 in the same period last year[3]. - Net profit attributable to shareholders was ¥1,644,056,273.98, up 7.27% from ¥1,532,586,659.57 year-on-year[3]. - The total operating revenue for the first quarter of 2025 was CNY 4,676,826,736.42, up from CNY 3,729,576,745.85 in the first quarter of 2024, reflecting a growth of 25.3%[18]. - The operating profit for the first quarter of 2025 was CNY 2,181,658,054.58, compared to CNY 2,037,694,386.84 in the previous year, indicating an increase of 7.0%[16]. - The company reported a total comprehensive income of CNY 1,644,056,273.98 for the first quarter of 2025, compared to CNY 1,532,586,659.57 in the same period of 2024[17]. - The basic and diluted earnings per share for the first quarter of 2025 were both CNY 1.3186, up from CNY 1.2292 in the first quarter of 2024, reflecting an increase of 7.3%[17]. Cash Flow and Assets - The net cash flow from operating activities increased by 42.50%, amounting to ¥1,427,343,057.92 compared to ¥1,001,644,444.07 in the previous year[3]. - The cash flow from operating activities for the first quarter of 2025 was CNY 1,427,343,057.92, compared to CNY 1,001,644,444.07 in the first quarter of 2024, representing a growth of 42.5%[19]. - Cash and cash equivalents increased to RMB 6,334,788,375.95 from RMB 6,158,045,490.18, representing a growth of 2.9%[11]. - The cash and cash equivalents at the end of the first quarter of 2025 amounted to CNY 6,238,895,124.25, down from CNY 7,384,578,479.77 at the end of the first quarter of 2024[20]. - Current assets as of March 31, 2025, totaled RMB 14,155,629,293.63, compared to RMB 13,928,397,619.13 at the end of 2024, indicating an increase of 1.6%[11]. Liabilities and Equity - Total liabilities decreased to RMB 8,026,864,545.47 from RMB 8,768,246,857.30, a reduction of 8.4%[13]. - Shareholders' equity increased to RMB 17,098,121,035.51 from RMB 15,453,651,528.39, a growth of 10.6%[13]. - Total assets at the end of the reporting period were ¥25,124,985,580.98, a 3.73% increase from ¥24,221,898,385.69 at the end of the previous year[4]. - Total assets as of March 31, 2025, amounted to RMB 25,124,985,580.98, up from RMB 24,221,898,385.69, reflecting an increase of 3.7%[12]. Operational Highlights - The company reported a significant increase in accounts receivable, which rose by 58.57% due to higher sales on e-commerce platforms[6]. - The company reported a significant increase in accounts receivable, rising to RMB 55,275,200.47 from RMB 34,858,334.75, an increase of 58.5%[11]. - The company experienced a 66.19% decrease in contract liabilities, attributed to seasonal factors affecting advance payments[6]. - The total operating costs for the first quarter of 2025 were CNY 2,949,204,237.00, an increase from CNY 2,667,929,303.18 in the same period of 2024[16]. - The company incurred tax expenses of CNY 538,192,833.70 in the first quarter of 2025, compared to CNY 505,930,173.19 in the previous year, marking an increase of 6.4%[16]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[3]. - The company has not indicated any new product launches or major strategic changes during the reporting period[10].