康尼机电(603111) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 725,267,200.33, representing a year-on-year increase of 19.42%[3] - The net profit attributable to shareholders for the same period was CNY 44,598,572.59, reflecting a growth of 34.05% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 34,452,875.77, which is an increase of 58.25% year-on-year[3] - The basic earnings per share for Q1 2024 was CNY 0.05, up by 66.67% from the same period last year[3] - Total operating revenue for Q1 2024 reached ¥725,267,200.33, an increase of 19.4% compared to ¥607,315,711.02 in Q1 2023[19] - Net profit for Q1 2024 was ¥46,509,940.57, representing a 31.8% increase from ¥35,274,835.61 in Q1 2023[20] - Earnings per share for Q1 2024 were ¥0.05, compared to ¥0.03 in Q1 2023[21] - The gross profit margin improved, with gross profit for Q1 2024 at ¥107,565,766.34, compared to ¥89,348,019.00 in Q1 2023[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,093,650,011.69, a decrease of 3.40% from the end of the previous year[3] - As of March 31, 2024, the company's total assets amounted to RMB 6,093,650,011.69, a decrease from RMB 6,308,121,635.13 at the end of 2023, reflecting a decline of approximately 3.4%[14] - The company's cash and cash equivalents were RMB 1,037,237,324.55, down from RMB 1,068,088,195.12, indicating a decrease of about 2.4%[14] - Total liabilities decreased to ¥2,122,493,703.49 in Q1 2024 from ¥2,288,935,199.60 in Q1 2023[17] - Total equity decreased to ¥3,971,156,308.20 in Q1 2024 from ¥4,019,186,435.53 in Q1 2023[17] - The total liabilities decreased to ¥1,533,446,596.88 in Q1 2024 from ¥1,648,445,934.63 in Q1 2023, reflecting a reduction of approximately 6.9%[27] - The total current liabilities increased to CNY 1,410,000,000.00 in Q1 2024, up from CNY 1,200,000,000.00 in Q4 2023, indicating a rise of 17.50%[26] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 150,808,425.72, which is not applicable for year-on-year comparison[3] - Cash inflow from operating activities for Q1 2024 was CNY 634,965,490.92, a slight increase from CNY 622,314,325.24 in Q1 2023, representing a growth of 1.05%[23] - Net cash flow from operating activities was negative CNY 150,808,425.72 in Q1 2024, compared to negative CNY 151,630,062.34 in Q1 2023, showing a marginal improvement[23] - Cash inflow from investment activities increased significantly to CNY 740,399,371.61 in Q1 2024 from CNY 375,631,541.32 in Q1 2023, marking a growth of 97.00%[24] - Net cash flow from investment activities was positive CNY 236,925,421.43 in Q1 2024, a turnaround from negative CNY 43,490,911.67 in Q1 2023[24] - The company reported a net cash outflow from financing activities of negative CNY 126,291,688.26 in Q1 2024, compared to a positive inflow of CNY 4,307,361.78 in Q1 2023[24] Investments and Subsidies - The company received government subsidies amounting to CNY 1,480,492.88, which are closely related to its normal business operations[5] - The company reported a significant increase in investment income by 99.64%, primarily due to the recovery of matured financial products[6] - Investment income for Q1 2024 was ¥7,599,565.68, up from ¥3,806,692.97 in Q1 2023[20] Shareholder Matters - The company has repurchased a total of 18,619,950 shares at a total cost of RMB 100,290,100, as part of its share buyback program[13] - The company has recorded a provision for investor claims amounting to RMB 144,259,700 as of the end of the reporting period[12] - The company is currently involved in litigation against 17 former shareholders, with a total of 68,936,047 shares to be returned and cash compensation of RMB 91,805,442 ordered[11] - The company has initiated a lawsuit against former shareholders, with 15 cases already resulting in judgments[10] - The company has not reported any new investor claims during the reporting period, maintaining a total of 17 ongoing cases[12] Inventory and Receivables - Accounts receivable increased to RMB 1,928,431,934.10 from RMB 1,740,799,962.88, representing an increase of approximately 10.8%[15] - The company's inventory stood at RMB 651,502,969.72, an increase from RMB 596,230,928.42, reflecting a growth of approximately 9.3%[15] - Inventory increased to CNY 333,012,763.84 in Q1 2024, compared to CNY 303,976,084.25 in Q4 2023, representing a growth of 9.54%[26] - Accounts receivable increased to CNY 1,482,013,061.17 in Q1 2024, up from CNY 1,281,236,890.76 in Q4 2023, indicating a rise of 15.68%[25] Research and Development - Research and development expenses for Q1 2024 amounted to ¥71,513,388.69, an increase from ¥61,903,140.01 in Q1 2023[19] - Research and development expenses slightly decreased to ¥30,852,180.86 from ¥31,218,791.27 year-over-year[30] Equity and Return Metrics - The weighted average return on equity increased by 0.23 percentage points to 1.15%[3] - The total equity decreased to ¥3,638,807,381.95 in Q1 2024 from ¥3,714,080,366.76 in Q1 2023, indicating a decline of approximately 2.0%[27]