KLM(SH:600686)2024-05-07 10:54Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,979,381,079.69, representing a year-on-year increase of 6.22%[5] - The net profit attributable to shareholders of the listed company was CNY 17,659,531.77, showing a significant increase of 65.46% compared to the same period last year[5] - The company's operating profit rose by 68.98%, attributed to growth in operating revenue and an increase in overall gross margin[10] - The net profit margin improved by 95.53%, reflecting enhanced operational efficiency and revenue growth[10] - Net profit for Q1 2024 was ¥38,728,966.33, compared to ¥19,807,448.34 in Q1 2023, representing a growth of 95.5%[19] - The operating profit for Q1 2024 was ¥32,325,616.33, an increase from ¥19,129,705.51 in Q1 2023, marking a growth of 68.7%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -49,037,256.84, indicating a decline in cash generation from core operations[5] - In Q1 2024, the net cash flow from operating activities was -49,037,256.84 RMB, an improvement from -168,471,904.34 RMB in Q1 2023[23] - Total cash inflow from operating activities increased to 5,329,653,840.89 RMB, up from 4,965,162,148.23 RMB year-over-year[23] - Cash outflow for purchasing goods and services rose to 4,389,725,587.08 RMB, compared to 4,079,759,771.68 RMB in the same period last year[23] - The company reported a total cash outflow for operating activities of 5,378,691,097.73 RMB, compared to 5,133,634,052.57 RMB in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 27,143,685,132.96, reflecting a 2.98% increase from the end of the previous year[6] - Total liabilities as of Q1 2024 amounted to ¥23,014,840,518.79, an increase from ¥22,269,526,528.97 in the previous year[17] - Total equity for Q1 2024 was ¥4,128,844,614.17, up from ¥4,089,541,563.90 in Q1 2023[17] - Total current assets as of March 31, 2024, amounted to ¥18,434,437,604.68, an increase from ¥17,374,325,656.83 as of December 31, 2023[16] - Total non-current assets as of March 31, 2024, were ¥8,709,247,528.28, down from ¥8,984,742,436.04[16] Shareholder Information - Total number of common shareholders at the end of the reporting period was 39,682[12] - The largest shareholder, Fujian Automotive Industry Group Co., Ltd., holds 231,227,846 shares, representing 32.25% of total shares[12] - The company has no significant changes in the top 10 shareholders or their participation in margin trading[13] Expenses - Financial expenses surged by 298.65%, mainly driven by increased interest costs[9] - Research and development expenses for Q1 2024 were ¥127,819,904.79, a decrease from ¥141,252,978.57 in Q1 2023, indicating a reduction of 9.5%[19] - The company recorded a financial expense of ¥3,789,808.05 in Q1 2024, compared to a financial income of ¥1,907,772.00 in Q1 2023[19] Other Income - The company recognized non-recurring gains totaling CNY 50,373,187.67, which included government subsidies and other income[8] - Other comprehensive income after tax for Q1 2024 was ¥325,217.17, down from ¥467,653.90 in Q1 2023[20]