Kings(SH:603505)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥168,155,782.19, representing a year-on-year increase of 14.22%[4] - The net profit attributable to shareholders for Q1 2023 was ¥34,604,551.27, reflecting a growth of 6.20% compared to the same period last year[4] - The basic and diluted earnings per share for Q1 2023 remained at ¥0.08, unchanged from the previous year[4] - The net profit for the first quarter of 2023 was CNY 34,057,017.13, a slight increase from CNY 33,058,669.86 in the same period last year, representing a growth of approximately 3%[25] - The total comprehensive income attributable to shareholders was CNY 34,604,551.27, compared to CNY 32,582,829.99 in the previous year, representing an increase of approximately 6.2%[25] Assets and Liabilities - The total assets as of the end of Q1 2023 reached ¥3,482,382,220.37, which is a 13.86% increase from the end of the previous year[15] - The total liabilities increased to CNY 1,739,523,692.43 from CNY 1,472,181,164.61, reflecting a year-over-year growth of about 18.1%[24] - The total equity attributable to shareholders rose to CNY 1,387,795,920.77, up from CNY 1,353,251,043.56, indicating an increase of approximately 2.5%[24] - The company's long-term borrowings increased significantly to CNY 813,702,790.47 from CNY 549,417,267.53, reflecting a growth of about 47.9%[24] - The company's total assets reached CNY 3,482,382,220.37, up from CNY 3,058,532,341.71, reflecting a growth of about 13.9%[24] Cash Flow - The net cash flow from operating activities decreased by 34.56%, amounting to ¥13,832,832.14, primarily due to increased procurement payments[4][16] - The company's cash and cash equivalents at the end of Q1 2023 were ¥426,055,268.39, an increase from ¥292,019,714.09 at the end of the previous year[20] - In Q1 2023, the cash inflow from operating activities was CNY 281,212,916.92, an increase of 13.66% compared to CNY 247,395,717.82 in Q1 2022[39] - The cash outflow from operating activities totaled CNY 267,380,084.78, up from CNY 226,257,423.02 in the same period last year, reflecting an 18.22% increase[39] - The cash flow from financing activities generated a net inflow of CNY 440,187,159.50, compared to CNY 44,366,138.76 in the previous year, indicating a substantial increase[27] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 135,030,989.42, up 22.0% from RMB 110,724,575.86 in Q1 2022[35] - Research and development expenses increased to RMB 5,557,936.32 in Q1 2023, compared to RMB 4,285,842.53 in Q1 2022, reflecting a growth of 29.7%[35] - Financial expenses for Q1 2023 amounted to RMB 10,594,774.77, significantly higher than RMB 5,215,378.79 in Q1 2022, indicating an increase of 103.0%[35] - Cash paid to employees increased to CNY 47,447,792.53, a rise of 54.29% compared to CNY 30,735,898.70 in the previous year[39] - The total cash outflow for purchasing fixed assets and other long-term assets was CNY 303,451,115.15, significantly higher than CNY 127,650,736.83 in Q1 2022[39] Investments and Future Plans - The company reported an investment income of RMB 3,294,191.59 in Q1 2023, a recovery from a loss of RMB 357,251.63 in Q1 2022[35] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34] - The company's management, led by Wang Jinhua, emphasized the importance of strategic investments in future growth during the earnings call[40] Reporting and Transparency - The financial report was released on April 20, 2023, highlighting the company's ongoing commitment to transparency and shareholder communication[40]