Financial Performance - The company reported a revenue of CNY 2,723,970,949.97 for Q1 2023, representing a 29.53% increase compared to CNY 2,102,899,933.93 in the same period last year[4] - Net profit attributable to shareholders reached CNY 348,255,328.87, up 39.81% from CNY 249,086,573.60 year-on-year[4] - The adjusted net profit attributable to shareholders under non-IFRS was CNY 438,339,247.42, reflecting a 20.29% increase from CNY 364,396,375.05 in the previous year[4] - Basic earnings per share increased by 40.37% to CNY 0.2952, driven by the overall positive development and expanding revenue scale[9] - The company reported a net profit of RMB 350,148,000 for the period, compared to RMB 236,953,000 in the previous year, marking an increase of about 47.7%[39] - For Q1 2023, the profit attributable to the parent company was RMB 348,255 thousand, an increase from RMB 249,087 thousand in Q1 2022[45] - The adjusted net profit attributable to the parent company under non-IFRS was RMB 438,339 thousand, reflecting a 20.3% increase compared to RMB 364,396 thousand in the same period last year[45] Revenue Breakdown - Revenue from laboratory services was CNY 1,652,771,147.35, with a year-on-year increase of 29.73%[5] - Revenue from North American clients accounted for 66.64% of total revenue, growing 34.74% year-on-year[6] - Revenue from European clients (including the UK) represented 14.81% of total revenue, increasing by 38.12% compared to the previous year[6] Cost and Expenses - Total operating costs amounted to ¥2,352,273,096.85, up 28% from ¥1,838,358,908.07 in the prior period[21] - Research and development expenses surged by 93.81% to CNY 76,838,901.31, reflecting the company's commitment to enhancing R&D capabilities[10] - Research and development expenses increased to ¥76,838,901.31, up 93.9% from ¥39,647,299.50 in the prior period, highlighting a focus on innovation[23] Cash Flow and Liquidity - Cash flow from operating activities for the period was CNY 530,139,954.34, a 26.89% increase from CNY 417,792,056.81 in the previous year[4] - Cash and cash equivalents rose by 37.26% to CNY 2,055,504,003.16, an increase of CNY 558,020,200[9] - Cash and cash equivalents at the end of the period amounted to RMB 1,990,475,525.11, compared to RMB 2,443,525,549.66 at the end of the previous period[35] Assets and Liabilities - The total current assets as of March 31, 2023, amounted to CNY 6,558,583,630.24, showing a slight increase from CNY 6,536,006,646.99 at the beginning of the year[16] - The total non-current assets reached CNY 14,488,985,553.32, compared to CNY 13,956,550,581.08 at the beginning of the year, reflecting a growth of approximately 3.8%[17] - Total liabilities increased to ¥9,772,959,379.20 from ¥9,652,689,512.90 at the beginning of the year, marking a rise of 1.2%[19] - Non-current liabilities totaled RMB 5,838,198 thousand as of March 31, 2023, compared to RMB 5,740,256 thousand at the end of 2022[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,326[11] - The largest shareholder, HKSCC NOMINEES LIMITED, held 16.87% of the shares, totaling 201,001,393 shares[12] - The company's major shareholders include HKSCC NOMINEES LIMITED with 201,001,393 shares and Shenzhen Xinchongkangcheng Investment Partnership with 178,735,472 shares[13] Strategic Focus - The company continues to focus on a "full-process, integrated, and international" development strategy, with significant business presence in both China and overseas markets[6] - The company has completed the integration of its capabilities in large molecule and cell and gene therapy services, enhancing its service offerings[5] Other Financial Metrics - The company received government subsidies related to daily activities amounting to CNY 18,969,599.72, which contributed to other income growth of 108.49%[10] - The company reported a total comprehensive income of ¥349,276,609.52 for the current period, significantly higher than ¥181,924,551.84 in the previous period[28] - The total liabilities to equity ratio stands at approximately 86.7%, indicating a stable leverage position for the company[19]
康龙化成(03759) - 2023 Q1 - 季度业绩