KLM(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 for the same period was CNY 17,659,531.77, showing a significant increase of 65.46% compared to the previous year[5] - The company reported a 68.98% increase in operating profit, driven by revenue growth and improved gross margin[9] - Total revenue for Q1 2024 reached ¥3,979,381,079.69, an increase of 6.2% compared to ¥3,746,395,247.75 in Q1 2023[19] - Operating profit for Q1 2024 was ¥32,325,616.33, up from ¥19,129,705.51 in Q1 2023, reflecting a growth of 68.8%[19] - Net profit for Q1 2024 was ¥38,728,966.33, compared to ¥19,807,448.34 in Q1 2023, representing a year-over-year increase of 95.5%[19] Cash Flow and Liquidity - 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, indicating a reduction in cash outflow[23] - Total cash inflow from operating activities was 5,329,653,840.89 RMB, compared to 4,965,162,148.23 RMB in the same period last year, reflecting a year-over-year increase of approximately 7.3%[23] - The total cash and cash equivalents at the end of Q1 2024 were 5,666,012,848.44 RMB, up from 5,322,663,158.18 RMB at the end of Q1 2023, reflecting a year-over-year increase of approximately 6.5%[23] - Cash inflow from investment activities totaled 902,897,603.09 RMB, significantly higher than 580,606,898.45 RMB in Q1 2023, marking an increase of approximately 55.5%[23] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 27,143,685,132.96, reflecting a 2.98% increase from the end of the previous year[6] - The company's total liabilities increased to ¥23,014,840,518.79 in Q1 2024 from ¥22,269,526,528.97 in Q1 2023, marking a rise of 3.3%[17] - The total equity attributable to shareholders rose to ¥3,145,042,577.09 in Q1 2024, compared to ¥3,126,922,347.84 in Q1 2023, an increase of 0.6%[17] - Cash and cash equivalents decreased to CNY 5,803,321,785.99 from CNY 6,287,097,284.24, reflecting a decline of approximately 7.7%[16] - Accounts receivable increased significantly to CNY 3,554,366,109.12, up from CNY 2,999,061,772.71, representing a growth of about 18.4%[16] Shareholder Information - The top shareholder, Fujian Automotive Industry Group Co., Ltd., holds 32.25% of the shares, totaling 231,227,846 shares[13] - The company has no significant changes in the top 10 shareholders or their participation in margin trading[13] Research and Development - Research and development expenses decreased to ¥127,819,904.79 in Q1 2024 from ¥141,252,978.57 in Q1 2023, a reduction of 9.5%[19] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Other Information - The company has not reported any new strategies or significant developments in product or technology during the reporting period[15] - There are no reminders or additional important information regarding the company's operational situation for investors[15]