Keeson(SH:603610)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 755,962,301.99, representing an increase of 8.48% compared to the same period last year[6]. - The net profit attributable to shareholders for Q1 2024 was CNY 44,932,777.38, reflecting a significant increase of 87.95% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 57,495,413.11, showing a remarkable increase of 495.84% compared to the previous year[6]. - The basic earnings per share for Q1 2024 was CNY 0.13, an increase of 85.71% year-on-year[6]. - The net profit for Q1 2024 was CNY 45,012,456.08, a significant increase from CNY 23,282,299.44 in Q1 2023, representing a growth of approximately 93.5%[22]. - Operating profit for Q1 2024 reached CNY 59,570,493.55, compared to CNY 31,388,610.54 in the same period last year, indicating an increase of about 89.8%[22]. - The company reported a total comprehensive income of CNY 44,616,628.73 for Q1 2024, compared to CNY 20,328,481.89 in Q1 2023, marking an increase of about 119.5%[23]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.13, up from CNY 0.07 in Q1 2023, representing an increase of approximately 85.7%[23]. Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 5,078,932,228.68, which is a 2.88% increase from the end of the previous year[7]. - The equity attributable to shareholders at the end of Q1 2024 was CNY 3,317,984,412.62, reflecting a 1.37% increase from the previous year-end[7]. - Total assets amounted to RMB 5,078,932,228.68, compared to RMB 4,936,711,014.68 at the end of Q1 2023, reflecting a growth of 2.9%[18]. - Total liabilities as of March 31, 2024, were RMB 1,757,002,858.09, an increase from RMB 1,659,856,281.46 in the previous year, representing a growth of 5.9%[18]. - Non-current assets totaled RMB 2,161,714,281.93, up from RMB 2,091,012,693.67, marking an increase of 3.4%[17]. Cash Flow and Expenses - The company reported a net cash flow from operating activities of CNY 82,714,509.28, attributed to increased sales collections and reduced procurement expenditures[9]. - The net cash flow from operating activities for Q1 2024 was CNY 82,714,509.28, a turnaround from a negative cash flow of CNY -91,693,799.24 in Q1 2023[26]. - The company incurred financial expenses of CNY -16,603,630.96 in Q1 2024, a decrease from CNY 21,827,415.54 in Q1 2023, indicating improved financial management[22]. - Investment activities resulted in a net cash outflow of CNY -145,912,899.27 in Q1 2024, compared to a net outflow of CNY -105,480,789.79 in Q1 2023, reflecting increased investment activities[27]. Operational Metrics - Total operating revenue for Q1 2024 reached RMB 755,962,301.99, an increase of 8.5% compared to RMB 696,841,580.45 in Q1 2023[21]. - Total operating costs for Q1 2024 were RMB 670,946,636.71, a slight decrease of 0.9% from RMB 675,570,694.86 in Q1 2023[21]. - Operating costs included RMB 507,554,940.93 in operating expenses, up from RMB 447,818,022.40 in the previous year, indicating a 13.3% increase[21]. - Accounts receivable increased by 41.52% due to an increase in orders compared to the end of last year[9]. - Intangible assets rose by 42.96% primarily due to land purchases[9]. - Short-term borrowings increased by 30.19% compared to the end of last year[9]. - The company's cash and cash equivalents stood at RMB 1,551,261,202.51, slightly down from RMB 1,553,353,505.55 in the previous quarter[16]. - Inventory decreased to RMB 715,574,406.43 from RMB 781,517,372.96, indicating a reduction of 8.4%[16]. - The company held 5,497,630 shares in its repurchase account as of March 31, 2024[12]. - The company's tax expenses for Q1 2024 were CNY 15,918,847.55, up from CNY 8,626,583.09 in Q1 2023, indicating higher profitability[22].