KDL(SH:603987)2023-04-18 16:00Revenue and Profit - Revenue for the first quarter of 2023 was RMB 686,873,661.23, a decrease of 20.82% year-over-year[3] - Total revenue for Q1 2023 was RMB 686.87 million, a decrease from RMB 867.50 million in Q1 2022[16] - Sales revenue from goods and services in Q1 2023 was 657.81 million USD, down from 815.7 million USD in Q1 2022[22] - Net profit attributable to shareholders of the listed company was RMB 85,121,757.25, an increase of 20.08% year-over-year[3] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 81,955,381.76, an increase of 31.22% year-over-year[3] - Net profit attributable to the parent company's owners increased to 91,186,722.72 RMB in Q1 2023, up from 68,036,132.73 RMB in the same period last year[13] - Net profit for Q1 2023 was 103.4 million USD, slightly lower than 103.56 million USD in the same period last year[21] - Operating profit for Q1 2023 was 113.11 million USD, compared to 120.2 million USD in the same period last year[21] Cash Flow and Operating Activities - Net cash flow from operating activities was RMB 75,547,961.62, an increase of 2,327.26% year-over-year[3] - Operating cash flow for Q1 2023 was RMB 75.55 million, a significant increase from RMB 3.11 million in the same period last year[14] - Total operating cash inflow for Q1 2023 was RMB 689.10 million, compared to RMB 846.23 million in Q1 2022[14] - Total operating cash outflow for Q1 2023 was RMB 613.56 million, down from RMB 843.11 million in Q1 2022[14] - Net cash flow from investing activities was negative RMB 40.61 million in Q1 2023, an improvement from negative RMB 167.68 million in Q1 2022[18] - Net cash flow from operating activities in Q1 2023 was 657.81 million USD, down from 815.7 million USD in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 4,168,834,638.58, an increase of 0.76% compared to the end of the previous year[4] - Total assets as of March 31, 2023, amounted to 4,168,834,638.58 RMB, compared to 4,137,297,219.85 RMB at the end of 2022[12] - Total assets as of March 31, 2023 were RMB 2.00 billion, slightly up from RMB 1.98 billion at the end of Q1 2022[15] - Total assets increased to 4.168 billion USD in Q1 2023, up from 4.137 billion USD in the previous period[20] - Equity attributable to shareholders of the listed company was RMB 2,324,071,868.10, an increase of 4.17% compared to the end of the previous year[4] - Total equity attributable to the parent company's owners reached 2,324,071,868.10 RMB as of March 31, 2023, up from 2,230,931,054.15 RMB at the end of 2022[12] - Total liabilities decreased to 1.508 billion USD in Q1 2023 from 1.588 billion USD in the previous period[20] - Short-term borrowings rose to 706.49 million USD in Q1 2023, compared to 693.22 million USD in the previous period[20] - Long-term borrowings increased to 60 million USD in Q1 2023 from 41 million USD in the previous period[20] Earnings Per Share and Comprehensive Income - Basic earnings per share were RMB 0.19, an increase of 18.75% year-over-year[3] - Basic earnings per share (EPS) for Q1 2023 stood at 0.19 RMB, compared to 0.16 RMB in Q1 2022[13] - The company's total comprehensive income for Q1 2023 was 109,463,504.80 RMB, compared to 100,611,430.72 RMB in the same period last year[13] - Other comprehensive income after tax was 6.06 million USD in Q1 2023, compared to -2.95 million USD in the same period last year[21] - The company's other comprehensive income attributable to the parent company's owners was 6,064,965.47 RMB in Q1 2023, compared to -2,849,679.39 RMB in the same period last year[13] Costs and Expenses - Total operating costs for Q1 2023 were RMB 579.97 million, down from RMB 755.86 million in Q1 2022[16] - R&D expenses decreased to 20.23 million USD in Q1 2023 from 36.54 million USD in the previous period[21] Government Subsidies and Non-Recurring Items - The company's government subsidies for the period amounted to RMB 3,814,726.83[4] - The company's total non-recurring gains and losses for the period were RMB 3,166,375.49[6] - The company's product structure optimization contributed to the 31.22% increase in net profit after deducting non-recurring gains and losses[6] Equity and Reserves - The company's capital reserve increased to 621,566,358.26 RMB as of March 31, 2023, from 619,612,267.01 RMB at the end of 2022[12] - The company's undistributed profits rose to 1,262,210,292.67 RMB as of March 31, 2023, compared to 1,177,088,535.44 RMB at the end of 2022[12] - The company's minority shareholders' equity increased to 336,506,461.78 RMB as of March 31, 2023, from 318,229,679.69 RMB at the end of 2022[12] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2023 were RMB 422.99 million, compared to RMB 868.18 million at the end of Q1 2022[18] Accounts Receivable and Inventory - Accounts receivable as of March 31, 2023 were RMB 1.01 billion, up from RMB 968.26 million at the end of Q1 2022[15] - Inventory as of March 31, 2023 was RMB 438.19 million, down from RMB 475.47 million at the end of Q1 2022[15]