RSIT(688215)2024-04-26 08:44Financial Performance - The company's operating revenue for Q1 2024 was ¥80,826,746.92, representing an increase of 8.75% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 56.66% to ¥1,545,914.51, while the net profit after deducting non-recurring gains and losses fell by 78.88% to ¥498,636.87[5][10]. - The basic earnings per share (EPS) was ¥0.04, reflecting a decrease of 55.56% year-on-year[6][10]. - Total operating revenue for Q1 2024 was CNY 80,826,746.92, an increase of 8.5% compared to CNY 74,322,715.26 in Q1 2023[21]. - Net profit for Q1 2024 was CNY 2,626,036.77, a decrease of 49.5% from CNY 5,206,526.52 in Q1 2023[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥16,540,499.49, indicating a significant decrease in cash inflow from sales[5][10]. - The company's cash flow from operating activities decreased to CNY 73,762,358.43 in Q1 2024 from CNY 103,350,976.70 in Q1 2023, representing a decline of 28.6%[25]. - The total cash inflow from operating activities was 75,864,454.73, compared to 109,703,294.36 in the previous year, showing a decrease in operational revenue[26]. - The total cash and cash equivalents at the end of the period amounted to 66,950,237.95, down from 88,934,433.98 in the previous year[27]. - The total cash outflow for taxes paid was 9,214,706.17, an increase from 8,237,000.56 in the previous year, indicating higher tax liabilities[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥759,339,120.93, an increase of 2.20% from the end of the previous year[6]. - The total liabilities increased to CNY 273,743,647.00 in Q1 2024 from CNY 260,029,066.35 in Q1 2023, marking a growth of 5.3%[19]. - The total equity increased to CNY 485,595,473.93 in Q1 2024 from CNY 482,969,437.15 in Q1 2023, showing a slight increase of 0.5%[19]. - The total current liabilities are yet to be detailed in the provided documents, indicating a need for further analysis on the company's liquidity position[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,963[11]. - Major shareholder Yuan Feng held 39.52% of the shares, while Ningbo Ruihe Sheng Venture Investment Partnership held 17.35%[12]. - The company has a total of 10 major shareholders, with the top 10 holding a combined total of 25,000,000 shares, indicating strong insider ownership[14]. - The top shareholder, Yuan Feng, holds 15,825,797 shares, representing a significant portion of the company's equity[14]. Research and Development - Research and development (R&D) expenses totaled ¥5,656,760.98, accounting for 7.00% of operating revenue, down by 1.56 percentage points from the previous year[6]. - Research and development expenses for Q1 2024 were CNY 5,656,760.98, down from CNY 6,360,803.33 in Q1 2023, indicating a reduction of 11.0%[21]. Financial Ratios - The weighted average return on equity (ROE) was 0.34%, a decrease of 0.12 percentage points compared to the previous year[6]. - The total liabilities to equity ratio increased to 0.56 in Q1 2024 from 0.54 in Q1 2023, indicating a slight increase in financial leverage[19]. Non-Recurring Gains and Other Income - The company reported non-recurring gains of ¥1,047,277.64, primarily from government subsidies and other non-operating income[8]. - The company's financial expenses showed a significant improvement, with a net financial expense of -CNY 146,916.18 in Q1 2024 compared to CNY 119,107.84 in Q1 2023[22]. Operational Challenges - The company's cash outflow for employee compensation was 27,538,577.52, an increase from 23,355,123.96 in the previous year, reflecting higher personnel costs[26]. - The cash inflow from other operating activities was 613,953.06, down from 4,469,438.45 in the previous year, indicating a decline in ancillary revenue sources[26]. - The company has not disclosed any new product developments or technological advancements in the current quarter[15]. - There are no significant mergers or acquisitions reported in the current financial period, suggesting a focus on organic growth strategies[15].