KDL(SZ:002850)2024-04-26 08:41Financial Performance - The company's revenue for Q1 2024 was CNY 2,508,509,695.36, representing a 7.84% increase compared to CNY 2,326,101,823.80 in the same period last year[2]. - Net profit attributable to shareholders was CNY 308,582,801.62, up 27.76% from CNY 241,526,222.30 year-on-year[2]. - Basic and diluted earnings per share were both CNY 1.14, reflecting a 10.68% increase from CNY 1.03 in the same quarter last year[2]. - The company reported a net profit margin improvement, with net profit increasing due to better cost management strategies[17]. - The total comprehensive income for Q1 2024 was CNY 276,333,675.62, compared to CNY 250,342,492.10 in the same period last year, reflecting a growth of 10.4%[19]. - Operating profit increased to CNY 355,009,543.24, a growth of 26% from CNY 281,829,573.80 in Q1 2023[18]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 227,034,867.42, a significant increase of 1,174.69% compared to a negative cash flow of CNY -21,125,697.77 in the previous year[2]. - Cash flow from operating activities generated a net inflow of CNY 227,034,867.42, a significant recovery from a net outflow of CNY 21,125,697.77 in the previous year[21]. - The company reported a cash inflow from investment activities of CNY 934,286,257.31, with a net cash outflow of CNY 278,176,868.70 for investment activities[21]. - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥1,591,086,885.20, a decrease of 16.1% from ¥1,898,967,084.21 at the beginning of the period[13]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 17,096,974,473.26, a decrease of 0.73% from CNY 17,222,355,388.09 at the end of the previous year[2]. - Current assets totaled ¥9,048,146,985.80, down 1.47% from ¥9,183,699,589.91 in the previous quarter[15]. - Total liabilities decreased to ¥6,287,897,161.58 from ¥6,711,151,104.73, a reduction of 6.29%[16]. - The company's equity attributable to shareholders increased by 2.84% to CNY 10,796,380,304.61 compared to CNY 10,498,482,020.77 at the end of the last year[2]. - The company's equity attributable to shareholders increased to ¥10,796,380,304.61 from ¥10,498,482,020.77, reflecting a growth of 2.85%[16]. Research and Development - Research and development expenses increased by 23.21% to CNY 132,231,660.71, driven by investments in new projects and products[6]. - Research and development expenses rose to CNY 132,231,660.71, up 23.2% from CNY 107,323,899.21 in the previous year[18]. Shareholder Information - The top 10 shareholders hold a total of 78,698,885 shares, representing 29.15% of the total share capital[10]. - The company has a total of 4,450,000 shares pledged by major shareholders, indicating a potential risk in liquidity[10]. - The company’s major shareholder, Li Jicheng, holds 29.15% of the shares, indicating significant control over company decisions[10]. - The company has not disclosed any related party transactions among the top shareholders, except for the relationship between Li Jicheng and Li Jianju, who are brothers[10]. Other Income and Expenses - The company reported a significant increase in other income, which rose by 283.10% to CNY 56,502,875.59, primarily due to increased government subsidies[6]. - The company's financial expenses decreased to CNY 15,088,022.20 from CNY 18,973,560.01, a reduction of 20.1%[18]. - Other income significantly increased to CNY 56,502,875.59 from CNY 14,748,854.81, marking a growth of 283.5%[18]. Stock Options and Incentives - The company completed a total of 682 shares of convertible bonds conversion, with a remaining convertible bond amount of ¥1,534,259,600 (15,342,596 shares) as of the end of Q1 2024[11]. - The second exercise period of the stock option incentive plan has been fulfilled, with 97.05% of the options exercised by the eligible participants[12]. - The company’s stock option plan allows for the exercise of 2,088,000 stock options during the second exercise period from June 1, 2023, to April 26, 2024[12].