KSHG(SH:605333)2024-04-25 11:11Financial Performance - The total comprehensive income attributable to the parent company's owners was ¥99,461,064.19, a decrease of ¥24,003,993.46 compared to the previous period[1]. - Basic and diluted earnings per share were both ¥0.24, an increase of ¥0.06 compared to the previous period[1]. - Net profit attributable to shareholders of the listed company was ¥100,791,490.47, an increase of 504.60% year-on-year[13]. - The total profit amounted to 109,923,226.54, compared to a loss of 29,493,192.37 in the previous period, indicating a significant recovery[44]. - Net profit reached 100,791,490.47, contrasting with a net loss of 24,911,602.00 from the prior year, showcasing strong operational performance[44]. - The total comprehensive income was 99,461,064.19, compared to a loss of 24,003,993.46 in the previous period, reflecting improved financial health[44]. - Operating profit was reported at 109,731,098.19, a recovery from a loss of 29,790,163.87, highlighting effective cost management[44]. - The company achieved a significant increase in profit attributable to shareholders, amounting to 100,791,490.47, compared to a loss of 24,911,602.00[44]. Revenue and Growth - Operating revenue for the first quarter of 2024 was ¥1,532,929,743.74, representing a year-on-year increase of 134.12%[13]. - Revenue for the first quarter increased by 134.12% due to positive growth in the automotive market[18]. - Total revenue for Q1 2024 reached ¥1,532,929,743.74, a significant increase of 133.4% compared to ¥654,751,347.03 in Q1 2023[41]. Cash Flow and Investments - Net cash flow from operating activities was ¥268,657.28, a significant improvement compared to a net outflow of ¥76,905,587.01 in the previous period[4]. - The company reported a net cash outflow from investing activities of ¥180,179,068.66, compared to a net outflow of ¥94,956,817.27 in the previous period[7]. - Cash inflow from financing activities was ¥653,353,878.00, an increase from ¥510,000,000.00 in the previous period[7]. - Net cash flow from operating activities increased by 100.35%, primarily due to a lower base in the same period last year and improved customer payment collection[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,959,578,818.56, an increase of 6.45% from the end of the previous year[16]. - The total assets as of March 31, 2024, included cash and cash equivalents of 482,455,655.39 yuan, compared to 353,279,619.57 yuan at the end of 2023[28]. - Total liabilities increased to ¥4,316,178,658.89 from ¥4,054,753,989.02, reflecting a growth of 6.5%[35]. - The company's equity attributable to shareholders increased to ¥1,643,400,159.67 from ¥1,543,939,095.48, a rise of 6.5%[37]. Shareholder Information - The company has a total of 10,653 common shareholders as of the report date[21]. - The top shareholder, Cheng Sanrong, holds 59.98% of the shares, amounting to 262,000,000 shares[23]. Operational Metrics - The weighted average return on net assets was 6.32%, an increase of 8.01 percentage points compared to the previous period[13]. - The company's net profit margin improved, with net profit for Q1 2024 showing a substantial increase compared to the previous year[41]. - Accounts receivable decreased from ¥1,853,064,678.71 to ¥1,790,161,736.21, a reduction of approximately 3.4%[32]. - Inventory increased significantly from ¥721,001,864.76 to ¥906,678,903.57, representing a growth of about 25.7%[32]. Research and Development - The company reported a significant increase in research and development expenses, which rose to ¥51,067,909.42 from ¥48,418,606.87, an increase of 3.4%[41]. Future Outlook - The company is focusing on market expansion and new product development to sustain growth momentum moving forward[46]. - Future outlook remains optimistic with strategic initiatives aimed at enhancing operational efficiency and market presence[46].