KDL(SZ:002850)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 2,326,101,823.80, representing a 48.52% increase compared to CNY 1,566,184,827.07 in the same period last year[3] - Net profit attributable to shareholders was CNY 241,526,222.30, up 42.77% from CNY 169,166,192.59 year-on-year[3] - Basic earnings per share increased to CNY 1.0302, a rise of 41.84% from CNY 0.7263 in the same quarter last year[3] - Net profit for Q1 2023 was CNY 245,135,589.46, up 42.0% from CNY 172,612,417.90 in Q1 2022[20] - The total comprehensive income for Q1 2023 was CNY 250,342,492.10, up from CNY 162,388,391.26 in the same period last year, representing a growth of 54.1%[21] - The company reported a gross profit margin of approximately 22.8% for Q1 2023, compared to 13.4% in the previous year, showing an improvement in profitability[19] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 21,125,697.77, a 87.34% reduction from CNY 166,898,675.67 in the previous year[3] - Cash flow from operating activities was CNY 1,995,422,054.03, significantly higher than CNY 999,722,200.31 in the same quarter last year[21] - Total cash inflow from operating activities was 2,021,211,220.66 CNY, up from 1,034,048,453.51 CNY year-over-year[22] - The total cash outflow for operating activities was 2,042,336,918.43 CNY, compared to 1,200,947,129.18 CNY in the previous year[22] - The company's cash and cash equivalents decreased from RMB 2,241.53 million at the beginning of the year to RMB 1,149.25 million by the end of Q1 2023, representing a decline of approximately 48.8%[16] - The ending balance of cash and cash equivalents was 620,931,620.96 CNY, down from 287,868,841.14 CNY year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,695,157,817.21, down 3.38% from CNY 14,174,231,125.54 at the end of the previous year[3] - The company's total liabilities decreased to CNY 7,592,148,553.57 from CNY 8,346,588,835.27, reflecting a reduction of approximately 9.0%[19] - The total current liabilities decreased from RMB 6,519.45 million to RMB 5,767.67 million, a decline of approximately 11.5%[18] - The company's short-term borrowings decreased from RMB 1,816.44 million to RMB 1,525.44 million, a reduction of about 16.0%[18] - Accounts receivable decreased from RMB 2,838.82 million to RMB 2,447.14 million, a reduction of about 13.7%[16] - Inventory decreased from RMB 1,240.36 million to RMB 1,161.51 million, reflecting a decline of approximately 6.4%[17] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 52.16% to CNY 1,811,118,683.22, reflecting higher sales volume[7] - Financial expenses surged by 122.26% to CNY 18,973,560.01, primarily due to increased borrowing costs[7] - Research and development expenses for Q1 2023 were CNY 107,323,899.21, compared to CNY 97,058,866.58 in Q1 2022, indicating an increase of 10.4%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,533, with the top ten shareholders holding significant stakes[8] - The company’s weighted average return on equity was 4.12%, an increase from 3.65% in the previous year[3] - The total equity attributable to shareholders of the parent company increased to CNY 6,001,661,311.34, up from CNY 5,729,903,705.13, representing a growth of 4.7%[19] Government Support and Future Plans - The company received government subsidies amounting to CNY 12,613,219.37 during the quarter, contributing to other income growth of 61.72%[7] - The company plans to raise up to RMB 3,509.5 million through a private placement to invest in multiple projects related to precision components for new energy vehicle batteries[12] - The company is actively pursuing market expansion and new technology development in the new energy vehicle sector[12] Other Financial Activities - The company has completed 99.56% of the stock options under the 2021 stock option incentive plan for eligible participants[14] - As of the end of Q1 2023, the remaining convertible bonds amount to RMB 1,534.30 million, with a total of 15,343,041 bonds outstanding[13] - The net cash flow from investing activities was -737,888,575.05 CNY, worsening from -278,435,741.23 CNY year-over-year[23] - Cash inflow from financing activities totaled 206,019,486.00 CNY, down from 642,000,000.00 CNY in the previous year[23] - The net cash flow from financing activities was -317,602,753.81 CNY, compared to a positive 479,495,090.58 CNY in the same period last year[23] - The company received 3,240,875.17 CNY in tax refunds during the quarter[22] Audit Information - The company did not conduct an audit for the first quarter report[24]