RISONG(688090)2024-04-15 13:10Financial Performance - The company's operating revenue for Q1 2024 was ¥165,601,879.26, representing a decrease of 34.95% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥1,058,342.39, down 89.75% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,158,977.05, a decline of 117.73%[6]. - The basic earnings per share decreased by 86.67% to ¥0.02[6]. - Total revenue from operating activities in Q1 2024 was CNY 164,790,618.80, down 31.8% from CNY 241,660,609.91 in Q1 2023[42]. - Operating profit for Q1 2024 was CNY 1,113,541.83, significantly lower than CNY 11,540,301.41 in the same period last year, reflecting a decline of 90.4%[38]. - The company reported a decrease in total comprehensive income for Q1 2024, amounting to CNY 1,728,166.17, compared to CNY 10,992,689.55 in Q1 2023[39]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.02, down from CNY 0.15 in Q1 2023[39]. Cash Flow and Assets - The net cash flow from operating activities was -¥65,883,424.49, an increase of 5.24% compared to the previous year[6]. - Cash and cash equivalents decreased to RMB 348,824,470.58 from RMB 446,791,472.42, a decline of 22%[24]. - The net decrease in cash and cash equivalents was -¥88,361,961.40, compared to -¥73,119,037.12 in the previous period[45]. - The ending balance of cash and cash equivalents was ¥305,453,322.93, slightly up from ¥303,222,454.03[45]. - The beginning balance of cash and cash equivalents was ¥393,815,284.33, compared to ¥376,341,491.15 previously[45]. - Total assets at the end of the reporting period were ¥1,589,724,553.29, a decrease of 5.92% from the end of the previous year[9]. - Total liabilities decreased to RMB 661,173,411.16 from RMB 763,177,488.18, a reduction of 13.4%[30]. - Non-current assets decreased to RMB 440,778,950.68 from RMB 453,519,239.33, a decline of 2.8%[27]. Expenses and Investments - Research and development expenses totaled ¥11,519,812.00, accounting for 6.96% of operating revenue, an increase of 1.74 percentage points[9]. - Total operating expenses for Q1 2024 were CNY 230,674,043.29, a decrease from CNY 304,264,543.26 in Q1 2023[42]. - Sales expenses increased to CNY 11,358,192.08 in Q1 2024, up 21.1% from CNY 9,374,310.99 in Q1 2023[38]. - The company incurred a credit impairment loss of CNY -2,079,100.70 in Q1 2024, compared to CNY -2,943,432.83 in Q1 2023[38]. - Investment activities cash outflow totaled ¥1,212,110.54, compared to ¥1,782,866.98 in the previous period[45]. - Net cash flow from investment activities was -¥1,202,110.54, down from -¥1,780,366.98[45]. Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[21]. - The company will not apply the new accounting standards starting from 2024[45].