KTK GROUP(SH:603680)2024-04-28 07:47Financial Performance - The company's operating revenue for Q1 2024 was ¥889,806,522.02, representing a year-on-year increase of 13.30%[4] - The net profit attributable to shareholders for Q1 2024 was ¥43,388,263.97, reflecting a significant increase of 59.86% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,850,243.93, which is an increase of 88.78% year-on-year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.06, marking a 100% increase from the previous year[4] - The weighted average return on equity increased to 0.85%, up by 0.29 percentage points compared to the previous year[4] - Total operating revenue for Q1 2024 reached ¥889,806,522.02, an increase of 13.3% compared to ¥785,365,411.24 in Q1 2023[19] - Net profit for Q1 2024 was ¥41,354,373.74, representing a 76.0% increase from ¥23,477,757.84 in Q1 2023[20] - The company reported a gross profit margin of approximately 2.5% for Q1 2024, compared to a margin of 2.0% in Q1 2023[20] - In Q1 2024, the company reported a total comprehensive income of CNY 35,546,115.89, an increase from CNY 29,081,592.84 in Q1 2023, representing a growth of approximately 22.5%[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥8,915,128,021.85, a slight increase of 0.01% from the end of the previous year[5] - Shareholders' equity attributable to the parent company was ¥5,125,389,535.29, reflecting a 0.77% increase from the end of the previous year[5] - Total assets amounted to ¥8,915,128,021.85 as of March 31, 2024, slightly up from ¥8,913,952,430.01 at the end of 2023[16] - Total liabilities decreased to ¥3,876,670,068.76 from ¥3,916,253,651.04 at the end of 2023, indicating a reduction of 1.0%[16] - The company’s equity attributable to shareholders increased to ¥5,125,389,535.29 from ¥5,086,371,403.17 at the end of 2023, reflecting a growth of 0.8%[16] Cash Flow - The net cash flow from operating activities was ¥111,174,365.48, with a significant increase in cash received from sales compared to the previous year[7] - The net cash flow from operating activities for Q1 2024 was CNY 111,174,365.48, a significant improvement compared to a negative cash flow of CNY 48,505,042.97 in Q1 2023[24] - The company generated CNY 971,957,729.16 in cash from sales of goods and services in Q1 2024, up from CNY 732,975,117.07 in the same period last year, indicating a growth of about 32.6%[23] - The company’s total cash inflow from operating activities was CNY 1,056,259,657.60 in Q1 2024, compared to CNY 792,359,356.86 in Q1 2023, marking an increase of approximately 33.3%[23] - The net cash flow from investing activities was negative CNY 19,413,293.17 in Q1 2024, an improvement from a negative cash flow of CNY 47,243,774.40 in Q1 2023[24] - Cash flow from financing activities yielded a net increase of CNY 14,947,519.00 in Q1 2024, a decrease from CNY 396,911,440.35 in Q1 2023[24] Shareholder Information - The company reported a total of 14,841 common shareholders at the end of the reporting period[9] - Major shareholders include Yu Jinkun and Ge Jianming, who collectively control 66.941% of the company's shares[10] Expenses - Total operating costs for Q1 2024 were ¥866,696,639.82, up from ¥764,274,466.39 in Q1 2023, reflecting a growth of 13.4%[19] - Research and development expenses increased to ¥42,697,617.46 in Q1 2024, compared to ¥38,778,489.96 in Q1 2023, marking an increase of 10.0%[20] - The company paid CNY 305,322,434.15 in cash to employees in Q1 2024, compared to CNY 274,866,804.74 in Q1 2023, reflecting a rise of about 11.1%[24] - The company received CNY 2,100,000.00 from minority shareholders in Q1 2024, compared to CNY 412,500.00 in Q1 2023, indicating a significant increase[24] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]