RZGF(002629)2024-04-29 11:25Revenue and Profitability - The company's revenue for Q1 2024 was CNY 36,687,940.79, representing a 12.41% increase compared to CNY 32,638,539.72 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 7,778,112.60, an improvement of 37.79% from a loss of CNY 12,503,229.36 in the previous year[5] - The basic and diluted earnings per share improved to -CNY 0.018, a 40.00% increase from -CNY 0.030 in the previous year[5] - Net loss for Q1 2024 was CNY 7,779,058.84, an improvement from a net loss of CNY 12,484,397.58 in Q1 2023, representing a 37.5% reduction in losses[17] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 3,338,781.89, a reduction of 85.10% compared to CNY 22,400,731.84 in the same period last year[5] - Cash inflow from operating activities increased to CNY 42,496,038.67 from CNY 29,845,667.74, marking a growth of 42.3%[18] - Total cash outflow from operating activities was 45,834,820.56, compared to 52,246,399.58 in the previous year, showing a decrease of approximately 12.5%[19] - The ending balance of cash and cash equivalents was 32,108,459.73, down from 44,473,448.69 in the previous year, representing a decline of approximately 28%[19] - The cash and cash equivalents decreased by 3,602,474.87 in Q1 2024, compared to a decrease of 23,014,138.15 in Q1 2023, indicating improved cash management[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 199,266,205.39, a decrease of 1.50% from CNY 202,301,215.99 at the end of the previous year[5] - The total current assets amount to ¥161,593,486.98, slightly down from ¥162,162,045.00[12] - Total liabilities increased to CNY 142,773,307.90 from CNY 140,898,074.16, reflecting a rise of 1.3%[14] - The equity attributable to shareholders of the parent company decreased to CNY 44,339,937.51 from CNY 49,249,235.61, a decline of 10.0%[14] Operational Performance - Total operating revenue for Q1 2024 was CNY 36,687,940.79, an increase of 12.5% compared to CNY 32,638,539.72 in Q1 2023[16] - Total operating costs decreased to CNY 44,385,125.18 from CNY 45,295,998.18, reflecting a reduction of 2.0%[16] - Research and development expenses rose to CNY 586,071.94, up from CNY 488,382.59, indicating a 20.0% increase[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,405[9] - The largest shareholder, Chen Zehong, holds 18.64% of the shares, totaling 81,387,013 shares[9] Changes in Financial Metrics - The company reported a significant increase in accounts receivable financing, up 458.76%, adding CNY 1,192,787.99, primarily due to high-grade bank acceptance bills received[8] - Contract liabilities increased by 541.96%, indicating a rise in customer prepayments[8] - Sales expenses increased by 100.03%, reflecting higher costs associated with market expansion efforts[8] - Other income increased by 554.88%, primarily due to government subsidies and tax refund receipts[8] - Cash and cash equivalents saw a net increase of 84.35%, attributed to improved business collections and government subsidies received[8] - The company has a significant increase in contract assets from ¥11,635,112.96 to ¥26,459,790.11, an increase of approximately 127.5%[12] Audit and Accounting Standards - The company has not undergone an audit for the Q1 2024 report, which may affect the perception of financial reliability[20] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting[20]