DKEM(300842)2024-04-26 08:17Financial Performance - The company's revenue for Q1 2024 reached ¥3,644,461,187.45, representing a 135.38% increase compared to ¥1,548,338,008.73 in the same period last year[5] - Net profit attributable to shareholders was ¥175,728,979.22, up 103.71% from ¥86,263,701.13 year-on-year[5] - The basic earnings per share (EPS) increased to ¥1.75, a 103.49% rise from ¥0.86 in the same period last year[5] - Operating profit for Q1 2024 was ¥187,688,304.39, up 109.8% from ¥89,259,597.83 in Q1 2023[26] - The total comprehensive income for Q1 2024 was ¥173,468,208.27, up from ¥84,743,509.13 in the previous year, reflecting a growth of 104.4%[27] Cash Flow - The net cash flow from operating activities improved significantly to ¥386,355,941.69, compared to a negative cash flow of ¥496,407,977.27 in the previous year, marking a 177.83% increase[5] - Cash flow from operating activities generated a net inflow of ¥386,355,941.69, a turnaround from a net outflow of ¥496,407,977.27 in the same quarter last year[29] - The net cash flow from investment activities was -41,522,922.85 CNY, compared to 11,775,545.56 CNY in the previous year[30] - Cash inflow from financing activities totaled 660,979,705.55 CNY, while cash outflow was 813,251,763.90 CNY, resulting in a net cash flow of -152,272,058.35 CNY[30] - The net increase in cash and cash equivalents was 207,928,027.17 CNY, compared to a decrease of -107,656,216.53 CNY in the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,537,615,743.43, an 11.10% increase from ¥6,784,718,315.13 at the end of the previous year[5] - Total liabilities increased to ¥6,091,487,678.38, up from ¥5,443,030,450.74, indicating a rise of 11.9%[24] - The total current liabilities increased to CNY 6,019,985,109.84 from CNY 5,367,030,578.01, representing an increase of about 12.1%[23] - The company’s non-current assets totaled CNY 553,348,696.92, up from CNY 518,374,753.50, marking an increase of approximately 6.4%[23] Expenses - Operating costs increased to CNY 3.256 billion, a rise of 137.14% due to expanded sales scale[10] - R&D expenses surged to CNY 111.815 million, reflecting a 201.44% increase as the company strengthened its R&D team and product development efforts[10] - The company incurred financial expenses of ¥17,534,272.00, which increased from ¥12,671,599.24 in the same period last year[26] - Sales expenses reached CNY 41.648 million, up 181.65% as the company intensified its marketing efforts[10] - Management expenses rose to CNY 12.933 million, a 99.24% increase due to higher employee compensation and intermediary fees[10] Investments and Financing - The company reported a net cash outflow from investing activities of CNY 41.523 million, a decrease of 452.62% compared to the previous period[10] - The net cash outflow from financing activities was CNY 152.272 million, a 141.27% increase due to higher cash payments for debt repayment[10] - The company plans to distribute a cash dividend of CNY 8.00 per 10 shares, totaling CNY 80,400,000.00, and will also increase its capital stock by 4 shares for every 10 shares held[18] - The company has approved a plan to issue shares to specific investors, with a total financing amount not exceeding CNY 300 million, which is capped at 20% of the latest net assets[20] Other Information - The company plans to continue leveraging its TOPCon technology to enhance product performance and increase market share in the solar energy sector[9] - The company did not undergo an audit for the first quarter report[31] - The company has adopted new accounting standards starting from 2024[31]