KENGIC(SH:688455)2024-04-25 10:24Financial Performance - The company's operating revenue for Q1 2024 was ¥150,907,101.15, representing an increase of 1,385.08% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥32,967,689.34, a decrease of 28.48% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.18, reflecting a decrease of 28.57% compared to the previous year[6]. - Total operating revenue for Q1 2024 reached ¥150,907,101.15, a significant increase from ¥10,161,568.06 in Q1 2023, representing a growth of approximately 1,384%[23]. - The net loss for Q1 2024 was ¥32,967,689.34, worsening from a net loss of ¥25,660,625.37 in Q1 2023[24]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.18, compared to -¥0.14 in Q1 2023[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,669,977,375.11, an increase of 1.16% from the end of the previous year[6]. - Total assets as of Q1 2024 amounted to ¥2,669,977,375.11, slightly up from ¥2,639,278,554.53 in the previous year[20]. - Total liabilities increased to ¥1,504,846,460.69 in Q1 2024 from ¥1,420,765,964.11 in Q1 2023, reflecting a growth of approximately 6%[20]. - The total equity attributable to shareholders decreased to ¥1,165,130,914.42 in Q1 2024 from ¥1,218,512,590.42 in Q1 2023, reflecting the impact of the net loss on shareholder value[20]. Cash Flow - The net cash flow from operating activities was -¥109,720,489.96, a decline of 221.01% compared to the previous year[6]. - The company's cash flow from operating activities showed a negative trend, contributing to the overall net loss reported[24]. - The net cash flow from operating activities was -$109.72 million in Q1 2024, worsening from -$34.18 million in Q1 2023[26]. - The total cash inflow from investment activities was $821.18 million in Q1 2024, significantly higher than $263.07 million in Q1 2023, marking an increase of approximately 212.5%[27]. - The net cash flow from investment activities improved to $57.22 million in Q1 2024, compared to a loss of $3.08 million in Q1 2023[27]. - Cash and cash equivalents at the end of Q1 2024 were $386.84 million, up from $218.28 million at the end of Q1 2023, indicating a year-over-year increase of approximately 77.5%[27]. Research and Development - Research and development expenses totaled ¥24,211,769.88, accounting for 16.04% of operating revenue, a decrease of 179.42 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 were ¥24,211,769.88, up from ¥19,861,679.74 in Q1 2023, indicating a focus on innovation and product development[23]. Orders and Contracts - The company experienced a significant increase in unfulfilled orders, leading to higher prepayments in the supply chain[10]. - As of the end of Q1 2024, the total order contract amount on hand is approximately RMB 2.445 billion, with overseas orders accounting for 42.08% and domestic orders for 57.92%[16]. - The company signed contracts worth RMB 540 million in Q1 2024, representing a 23.57% increase compared to the same period last year[16]. - The overseas business signed contracts worth RMB 354 million in Q1 2024, showing a significant increase of 50.91% year-over-year[16]. - The company reported a significant increase in contract liabilities, rising to ¥656,521,717.50 in Q1 2024 from ¥490,430,870.03 in Q1 2023, suggesting growth in customer commitments[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,790[12]. - The company has a total of 10,000,000 shares held by various shareholders, with the largest shareholder holding 20,145,524 shares[14]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15].