King's Luck(SH:603369)2024-04-29 10:31Financial Performance - The company's operating revenue for Q1 2024 reached ¥4,670,618,874.87, representing a year-on-year increase of 22.84%[4] - Net profit attributable to shareholders was ¥1,532,586,659.57, reflecting a growth of 22.12% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥1,525,286,371.88, an increase of 22.08% year-on-year[4] - Basic and diluted earnings per share were both ¥1.2292, up by 22.11% year-on-year[4] - The company's net profit for the first quarter of 2024 was RMB 1.53 billion, compared to RMB 1.25 billion in the same period last year, marking an increase of approximately 22.4%[16] - Operating profit for Q1 2024 was ¥2,037,694,386.84, representing a 22.1% increase compared to ¥1,668,806,706.38 in Q1 2023[17] Cash Flow - The net cash flow from operating activities amounted to ¥1,001,644,444.07, showing an increase of 11.62% from the previous year[4] - Cash flow from operating activities for Q1 2024 was ¥1,001,644,444.07, an increase from ¥897,372,666.99 in Q1 2023[19] - The net cash flow from investment activities was -150,249,582.40 CNY, compared to -9,442,543.07 CNY in the previous period, indicating a significant increase in cash outflow[20] - The cash inflow from financing activities totaled 297,014,777.90 CNY, up from 196,892,666.66 CNY in the previous period, reflecting a 50.8% increase[20] - The total cash and cash equivalents at the end of the period reached 7,384,578,479.77 CNY, compared to 6,441,817,179.30 CNY at the end of the previous period, marking an increase of 14.6%[20] Assets and Liabilities - Total assets as of the end of the reporting period were ¥22,394,761,772.63, a 3.53% increase from the previous year[5] - The company's total assets amounted to RMB 22.39 billion, an increase from RMB 21.63 billion at the end of 2023, reflecting a growth of approximately 3.4%[13] - Total current liabilities decreased to RMB 7.37 billion from RMB 8.14 billion, a reduction of about 9.4%[15] - The company's total liabilities decreased to RMB 7.57 billion from RMB 8.34 billion, a decrease of about 9.2%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,003[9] - The largest shareholder, Jinshiyuan Group Co., Ltd., holds 561,049,038 shares, accounting for 44.72% of the total shares[10] - Shareholders' equity attributable to the parent company was ¥14,821,955,081.20, reflecting an 11.55% increase year-on-year[5] - The company's equity attributable to shareholders increased to RMB 14.82 billion from RMB 13.29 billion, representing a growth of approximately 11.5%[15] Expenses and Costs - Research and development expenses for Q1 2024 amounted to ¥10,960,885.10, up from ¥9,221,400.21 in Q1 2023[17] - Total operating costs for Q1 2024 were ¥2,667,929,303.18, a 24.0% increase from ¥2,155,264,860.41 in Q1 2023[17] - Tax expenses for Q1 2024 were ¥505,930,173.19, an increase from ¥415,208,498.25 in Q1 2023[18] Inventory and Receivables - Inventory decreased to RMB 4.38 billion from RMB 4.99 billion, representing a decline of approximately 12.3%[13] - The company reported a significant increase in accounts receivable, which rose to RMB 66.06 million from RMB 48.54 million, an increase of approximately 36.1%[13] Other Financial Information - The company recognized government subsidies amounting to ¥8,911,271.00 as part of non-recurring gains[6] - The company's retained earnings rose to RMB 12.64 billion from RMB 11.10 billion, reflecting an increase of about 13.9%[15] - The long-term investments increased to RMB 45.72 million from RMB 41.42 million, showing a growth of approximately 10.5%[14] - The total cash outflow from investment activities was 634,583,429.69 CNY, compared to 524,638,262.50 CNY in the previous period, indicating an increase of 20.9%[20] - The company did not apply new accounting standards or interpretations for the first time in 2024[20]