Kewell(688551)2024-04-26 07:58Financial Performance - The company's operating revenue for Q1 2024 was CNY 111,112,395.65, representing a year-on-year increase of 14.37%[4] - The net profit attributable to shareholders decreased by 17.05% to CNY 18,328,172.49 compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses fell by 18.90% to CNY 16,394,327.51[4] - The basic earnings per share for the period was CNY 0.22, down 21.43% year-on-year[4] - Total revenue for Q1 2024 reached ¥111,112,395.65, a 14.4% increase from ¥97,147,573.26 in Q1 2023[15] - Net profit for Q1 2024 was ¥18,008,666.96, a decrease of 17.5% compared to ¥21,816,947.23 in Q1 2023[16] - Basic and diluted earnings per share for Q1 2024 were both ¥0.22, down from ¥0.28 in Q1 2023[17] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,760,073,929.95, an increase of 1.54% from the end of the previous year[4] - As of March 31, 2024, the total assets of Kewell Technology Co., Ltd. amounted to CNY 1,760,073,929.95, an increase from CNY 1,733,310,189.21 as of December 31, 2023, reflecting a growth of approximately 1.54%[12] - The company's total current assets reached CNY 1,482,978,521.19, slightly up from CNY 1,471,875,497.88, indicating a growth of about 0.76%[12] - Total liabilities amounted to CNY 429,994,274.34, up from CNY 422,747,527.05, reflecting a growth of about 1.05%[14] - The equity attributable to shareholders increased to CNY 1,330,148,663.87 from CNY 1,310,312,164.89, indicating a growth of approximately 1.36%[14] - The total non-current assets were valued at CNY 277,095,408.76, up from CNY 261,434,691.33, reflecting an increase of about 5.96%[13] Cash Flow and Expenses - The net cash flow from operating activities was negative at CNY -38,378,286.51, primarily due to increased inventory and personnel costs[6] - Cash flow from operating activities showed a net outflow of ¥38,378,286.51, compared to a slight inflow of ¥360,183.24 in Q1 2023[20] - Cash and cash equivalents decreased to CNY 599,695,585.52 from CNY 733,698,705.30, representing a decline of approximately 18.24%[12] - Cash and cash equivalents at the end of Q1 2024 were ¥530,243,325.93, down from ¥577,631,115.71 at the end of Q1 2023[21] - Research and development expenses totaled CNY 20,346,852.61, accounting for 18.31% of operating revenue, a decrease of 1.5 percentage points[4] - Research and development expenses for Q1 2024 were ¥20,346,852.61, slightly up from ¥19,245,590.68 in Q1 2023[16] - Sales expenses increased to ¥17,244,733.55, compared to ¥10,565,575.03 in the same quarter last year, reflecting a 63.3% rise[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,161[8] - The company has not reported any significant changes in its shareholder structure or financing activities during the reporting period[10] Other Financial Activities - The company reported non-recurring gains of CNY 1,933,844.98 for the period[5] - The company reported a total cash inflow from investment activities of ¥131,152,463.05, while cash outflow was ¥101,887,881.93, resulting in a net cash outflow of ¥101,887,881.93[20] - The company experienced a foreign exchange impact of -¥17,550.47 on cash and cash equivalents during the quarter[20] - The company reported a decrease in short-term borrowings, remaining stable at CNY 33,025,857.53[13] - Total operating costs increased to ¥101,525,727.00, up 26.9% from ¥79,919,561.50 in the same period last year[16]