KINGLAND(SZ:002443)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,243,375,334.15, a decrease of 8.74% compared to ¥1,362,463,433.77 in the same period last year[5] - Net profit attributable to shareholders increased by 30.36% to ¥62,889,741.56 from ¥48,243,878.54 year-on-year[5] - The basic earnings per share rose by 33.33% to ¥0.12, compared to ¥0.09 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 1,243,375,334.15, a decrease of 8.73% compared to CNY 1,362,463,433.77 in Q1 2022[22] - Net profit for Q1 2023 reached CNY 71,377,916.71, representing a 32.48% increase from CNY 53,902,233.41 in Q1 2022[23] - Earnings per share for Q1 2023 were CNY 0.12, up from CNY 0.09 in Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,711,917,256.56, a slight decrease of 0.49% from ¥4,734,987,513.85 at the end of the previous year[5] - The company's total assets as of the end of Q1 2023 were CNY 4,711,917,256.56, slightly down from CNY 4,734,987,513.85 at the end of the previous quarter[20] - Total liabilities decreased to CNY 1,335,268,919.11 in Q1 2023 from CNY 1,429,717,093.11 in the previous quarter[20] Cash Flow - The net cash flow from operating activities was negative at -¥227,567,310.14, a decline of 2.72% compared to -¥221,541,057.59 in the same period last year[5] - The net cash flow from operating activities was -227,567,310.14 CNY, compared to -221,541,057.59 CNY in the previous period, indicating a slight increase in cash outflow[25] - Cash inflow from investment activities totaled 600,537,063.00 CNY, significantly up from 200,000,000.00 CNY in the previous period, reflecting a strong recovery in investment receipts[27] - The net cash flow from financing activities was 39,236,348.62 CNY, a substantial increase from 5,534,119.67 CNY in the previous period, indicating improved financing conditions[27] - The total cash and cash equivalents at the end of the period stood at 547,681,624.34 CNY, up from 350,444,124.30 CNY in the previous period, showing a positive cash position[27] Investments and Projects - The company is progressing on a project to build a facility with an annual capacity of 600,000 tons of high-quality welded pipes, with a total estimated investment of RMB 680 million[16] - The company has received approval for the energy-saving report related to the aforementioned project, which is valid for two years[16] - The company reported a total investment of RMB 973.6 million for the transfer of 110,559,279 shares, representing 21.24% of the total shares, from the previous controlling shareholder to Chengxun (Shanghai) Industrial Co., Ltd.[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,789[11] - The company’s controlling shareholder changed to Chengxun (Shanghai) Industrial Co., Ltd. after the completion of the share transfer on March 22, 2023[15] Inventory and Receivables - The company's inventory increased to RMB 1.31 billion, up from RMB 1.19 billion at the beginning of the year, reflecting a growth of about 9.5%[18] - The accounts receivable stood at RMB 889.4 million, slightly down from RMB 907.6 million, indicating a decrease of approximately 2.5%[18] - The company’s prepayments increased to RMB 401.2 million from RMB 340.1 million, marking a rise of approximately 17.9%[18] Financial Management - The company reported a significant increase in financial income, with financial expenses decreasing by 261.15% to -¥1,751,383.07 due to increased interest income[10] - The company reported a financial income of CNY 2,735,308.87, compared to CNY 1,661,062.61 in the same period last year[23] - The company’s financial assets decreased from RMB 120 million to RMB 100 million, a reduction of 16.7%[18] Risks and Challenges - The company faces potential risks related to land auction outcomes and changes in national or local policies that could affect project implementation[16] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[28]