KCT(SZ:002625)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥122,399,842.42, representing an increase of 18.95% compared to ¥102,899,123.83 in the same period last year[3] - Net profit attributable to shareholders was ¥42,706,746.41, a significant increase of 56.91% from ¥27,217,026.35 year-on-year[3] - Basic earnings per share increased by 100.00% to ¥0.02 from ¥0.01 in the same period last year[3] - The company reported a 70.75% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥37,444,163.08 compared to ¥21,928,937.87 last year[3] - Total operating revenue for Q1 2022 was CNY 122,399,842.42, an increase of 19% compared to CNY 102,899,123.83 in Q1 2021[17] - Net profit for Q1 2022 reached CNY 42,665,676.84, a significant increase of 57% from CNY 27,112,047.14 in Q1 2021[18] - Total comprehensive income for the first quarter was CNY 42,631,375.53, compared to CNY 27,209,098.91 in the previous year, representing an increase of approximately 56.5%[19] Cash Flow and Investments - The net cash flow from operating activities was -¥100,993,167.18, a decrease of 638.30% compared to -¥13,679,198.25 in the previous year[7] - Cash inflows from operating activities totaled CNY 59,400,778.49, down 50.2% from CNY 118,361,903.50 in the same period last year[21] - Net cash outflow from operating activities was CNY -100,993,167.18, compared to CNY -13,679,198.25 in the previous year, indicating a significant decline in cash generation[21] - Cash outflows for investing activities were CNY 68,862,296.23, a decrease from CNY 625,326,672.78 year-over-year[21] - Net cash outflow from investing activities was CNY -49,673,533.64, compared to CNY -592,993,264.52 in the previous year, showing a reduction in investment losses[21] - The company’s cash flow from financing activities resulted in a net outflow of CNY -1,951,854.12, compared to CNY -162,893,576.27 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,034,509,973.31, up 0.91% from ¥8,953,265,661.32 at the end of the previous year[3] - Total liabilities increased to CNY 846,988,921.63 in Q1 2022 from CNY 808,375,985.17 in Q1 2021, marking a rise of approximately 5%[16] - The total current assets amounted to RMB 7.14 billion, slightly up from RMB 7.13 billion at the beginning of the year[14] Research and Development - Research and development expenses for the period were ¥10,634,313.08, a decrease of 40.87% from ¥17,984,520.49 in the previous year[5] - Research and development expenses for Q1 2022 were CNY 10,634,313.08, down 41% from CNY 17,984,520.49 in Q1 2021[17] Other Income and Expenses - The company reported a significant increase in other income, which rose by 59.33% to ¥7,423,992.73 from ¥4,659,523.96 year-on-year[5] - The company reported a loss of RMB 6.35 million in its automotive parts business due to intensified competition and rising raw material costs[12] Equity and Goodwill - The total equity attributable to shareholders was ¥8,194,605,787.36, reflecting a 0.52% increase from ¥8,151,933,342.26 at the end of the previous year[3] - The company’s long-term equity investments increased to RMB 49.6 million from RMB 48.0 million, showing a growth of about 3.4%[14] - The company’s goodwill remained stable at RMB 321.4 million, unchanged from the beginning of the year[14] Regulatory and Governance - The company is undergoing regulatory corrections following a decision from the Shenzhen Securities Regulatory Bureau regarding governance and financial disclosure issues[12] Contracts and Pending Deliveries - The company signed a significant sales contract worth RMB 198.7 million for a complex metamaterial aerospace structure, marking the largest single sales contract in its history[12] - As of the end of the reporting period, the company has over RMB 2 billion in pending delivery amounts from signed contracts and production notices[12] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 5.33 billion from RMB 5.48 billion at the beginning of the year, reflecting a decline of approximately 2.7%[14] - Cash and cash equivalents at the end of the period stood at CNY 5,328,774,052.72, down from CNY 5,553,926,876.76 at the end of the previous year[22]