KTK GROUP(SH:603680)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥849,825,262.38, a decrease of 12.17% compared to ¥967,546,377.23 in the same period last year[6] - Net profit attributable to shareholders was ¥20,500,042.17, down 74.47% from ¥80,283,743.11 year-on-year[6] - Basic earnings per share decreased by 70.00% to ¥0.03 from ¥0.10 in the same period last year[10] - Operating profit for Q1 2022 was $21.26 million, significantly lower than $89.10 million in Q1 2021, reflecting a decline of 76.1%[39] - Net profit for Q1 2022 was $20.29 million, down 77.6% from $89.67 million in Q1 2021[39] - The total comprehensive income attributable to the parent company's owners for the current period is CNY 19,026,136.54, down from CNY 74,363,651.63 in the previous period, indicating a decrease of about 74.4%[41] Cash Flow and Liquidity - The net cash flow from operating activities improved by 57.34%, reaching -¥105,042,466.14 compared to -¥246,235,276.11 in the previous year[10] - Cash inflows from operating activities increased to CNY 917,478,279.45 from CNY 665,433,155.46, marking a growth of about 37.8%[46] - Cash outflows from operating activities rose to CNY 1,022,520,745.59, compared to CNY 911,668,431.57 in the previous period, reflecting an increase of approximately 12.2%[46] - The net cash flow from investing activities for the current period is CNY 73,220,173.74, a significant improvement from CNY -271,051,481.00 in the previous period[48] - The net cash flow from financing activities is negative at CNY -148,260,468.56, slightly better than CNY -151,833,047.04 in the previous period[48] - The ending cash and cash equivalents balance is CNY 485,548,230.68, compared to CNY 272,429,072.89 in the previous period, indicating an increase of approximately 78.5%[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,325,377,493.24, a decrease of 5.11% from ¥8,773,814,479.07 at the end of the previous year[10] - Total assets decreased to $8.33 billion in Q1 2022 from $8.77 billion in Q1 2021, a reduction of 5.1%[35] - Total liabilities decreased to $3.55 billion in Q1 2022 from $4.01 billion in Q1 2021, a decline of 11.3%[35] - Current assets totaled $5.92 billion in Q1 2022, down from $6.33 billion in Q1 2021, a decrease of 6.5%[33] - Non-current assets totaled $2.41 billion in Q1 2022, slightly down from $2.44 billion in Q1 2021, a decrease of 1.8%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,670[18] - The largest shareholder, Yu Jinkun, holds 29.54% of the shares, while the second-largest shareholder, Ge Jianming, holds 28.38%[23] - Yu Jinkun and Ge Jianming together control 66.42% of the company's shares[23] Operational Metrics - The company experienced a foreign exchange loss increase of ¥29,580,000 compared to the previous year due to exchange rate fluctuations[10] - The company reported a decrease in investment income by 79.29%, primarily due to reduced gains from forward foreign exchange contracts[16] - Cash and cash equivalents decreased by 40.28% mainly due to repayment of bank loans and notes payable[16] - Accounts receivable increased to approximately ¥2.50 billion from ¥2.39 billion year-over-year[29] - Inventory decreased to approximately ¥1.48 billion from ¥1.56 billion year-over-year[29] Corporate Governance - The company has appointed Li Zhongxian as an independent director following the resignation of Gu Qing[24] - The company plans to repurchase and cancel 6,143,670 shares of restricted stock due to performance targets not being met[25] - The company has a total of 20,635,000 restricted stocks granted under the 2018 incentive plan[25] - The total share capital will decrease from 789,862,437 shares to 783,718,767 shares after the repurchase[28] Taxation - The tax expenses for the current period amount to CNY 5,443,556.08, compared to CNY 10,196,630.19 in the previous period, showing a reduction of approximately 46.6%[41]