Kinwong(603228)2025-04-28 12:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,343,333,808.89, representing a 21.90% increase compared to CNY 2,742,603,633.02 in the same period last year[4]. - Net profit attributable to shareholders was CNY 324,822,996.34, a slight increase of 2.18% from CNY 317,892,747.81 year-on-year[4]. - The net profit after deducting non-recurring gains and losses decreased by 17.56% to CNY 231,883,239.92 from CNY 281,267,294.77 in the previous year[4]. - Basic earnings per share rose to CNY 0.39, up 2.63% from CNY 0.38 in the previous year[5]. - The net profit for Q1 2025 was CNY 330,121,512.33, an increase from CNY 317,200,130.82 in Q1 2024, representing a growth of approximately 2.9%[16]. - Operating profit for Q1 2025 reached CNY 373,162,558.80, compared to CNY 362,612,126.32 in the same period last year, indicating a year-over-year increase of about 2.9%[16]. - The total comprehensive income for Q1 2025 was CNY 330,113,458.11, compared to CNY 317,055,112.08 in Q1 2024, reflecting an increase of about 4.1%[17]. Cash Flow - The net cash flow from operating activities increased by 26.61% to CNY 499,646,055.15, compared to CNY 394,619,107.62 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was CNY 499,646,055.15, up from CNY 394,619,107.62 in Q1 2024, reflecting a growth of approximately 26.6%[18]. - The company reported a net cash increase of CNY 566,917,724.05 in Q1 2025, compared to CNY 79,333,581.20 in Q1 2024, showing significant improvement in cash management[18]. - Cash outflow from investing activities in Q1 2025 was CNY 1,119,807,236.52, down from CNY 1,266,806,513.01 in Q1 2024, showing a reduction of about 11.6%[18]. - The company's cash and cash equivalents at the end of Q1 2025 totaled CNY 2,405,350,197.91, compared to CNY 2,047,731,561.22 at the end of Q1 2024, representing an increase of approximately 17.4%[18]. - Cash inflow from financing activities increased to 98,751,853.37 in Q1 2024, a rise of 16.9%[28]. - Net cash flow from financing activities was 41,566,816.25 in Q1 2024, an increase of 6.7%[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,341,205,327.34, reflecting a 5.70% increase from CNY 19,243,777,146.69 at the end of the previous year[5]. - Total assets as of March 31, 2025, amounted to CNY 20,341,205,327.34, compared to CNY 19,243,777,146.69 at the end of 2024, representing a 5.7% growth[14]. - Total liabilities increased to CNY 8,465,416,606.91 as of March 31, 2025, from CNY 7,746,071,067.76 at the end of 2024, marking a 9.3% rise[13]. - The company's equity attributable to shareholders rose to CNY 11,686,457,393.77 as of March 31, 2025, compared to CNY 11,313,673,268.26 at the end of 2024, an increase of 3.3%[14]. - Total current liabilities decreased slightly to CNY 5.76 billion as of March 31, 2025, from CNY 5.89 billion as of December 31, 2024, a decline of about 2.1%[22]. - The company's total liabilities decreased to CNY 7.05 billion as of March 31, 2025, from CNY 7.08 billion as of December 31, 2024, a reduction of approximately 0.5%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,096[9]. - Major shareholders include Shenzhen Jinghong Yongtai Investment Holding Co., Ltd. and Zhichuang Investment Co., Ltd., each holding 31.48% of the shares[10]. Research and Development - Research and development expenses increased to CNY 201,902,394.08 in Q1 2025, compared to CNY 149,522,778.88 in Q1 2024, reflecting a 35% rise[15]. - Research and development expenses in Q1 2025 amounted to CNY 64.71 million, an increase of 29.4% from CNY 50.05 million in Q1 2024[24]. Other Financial Metrics - The return on equity (ROE) decreased by 0.74 percentage points to 2.82% from 3.56% year-on-year[5]. - The company recognized non-recurring gains totaling CNY 92,939,756.42, after accounting for tax and minority interests[7]. - The company incurred a credit impairment loss of CNY 7,439,622.51 in Q1 2025, compared to CNY 10,236,610.48 in Q1 2024, indicating a decrease of approximately 27.3%[16]. - The company reported a financial income of CNY 12.13 million in Q1 2025, compared to CNY 9.65 million in Q1 2024, reflecting a growth of 25.6%[24].