瑞松科技(688090) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 192,371,527.35, a 13.30% increase from the same period last year[5] - Net profit attributable to shareholders surged by 143.29% to CNY 14,260,859.41 compared to the previous year[5] - Basic earnings per share rose by 108.33% to CNY 0.25[5] - The net profit excluding non-recurring gains and losses grew by 37.67% year-on-year, reflecting an increase in operating income[10] - Other income surged by 710.26% year-on-year, mainly due to increased government subsidies recognized during the reporting period[10] - Net profit for Q1 2020 reached CNY 15,116,779.59, a significant increase of 131.1% from CNY 6,522,918.37 in Q1 2019[23] - The company achieved a gross profit of CNY 32,563,820.92 in Q1 2020, compared to CNY 28,912,221.67 in Q1 2019, marking a growth of 12.5%[22] - The total comprehensive income for Q1 2020 was ¥10,064,505.86, a significant improvement from a loss of ¥415,744.73 in Q1 2019[26] Assets and Liabilities - Total assets increased by 32.01% to CNY 1,726,903,646.26 compared to the end of the previous year[5] - Total assets as of Q1 2020 amounted to CNY 1,194,697,313.59, compared to CNY 798,899,691.38 in the previous year, indicating a growth of 49.5%[21] - Total liabilities for Q1 2020 were CNY 358,241,964.87, down from CNY 378,383,082.47 in Q1 2019, showing a decrease of 5.3%[21] - Shareholders' equity increased to CNY 836,455,348.72 in Q1 2020, compared to CNY 420,516,608.91 in Q1 2019, reflecting a growth of 98.7%[21] Cash Flow - The net cash flow from operating activities was negative at CNY -87,565,271.73, compared to CNY -44,941,193.31 in the previous year[5] - Cash flow from operating activities decreased, primarily due to significant payments for multiple large projects at the beginning of the year[11] - The cash flow from operating activities for Q1 2020 was negative at -¥87,565,271.73, worsening from -¥44,941,193.31 in Q1 2019[28] - The net cash flow from investing activities was -$101,013,439.12, compared to -$24,097,160.72 in the previous period, indicating a significant increase in investment outflows[31] - The net cash flow from financing activities was $414,485,043.90, contrasting with a net outflow of -$48,938,359.18 previously, showing a strong financing position[31] - The net increase in cash and cash equivalents was $258,847,737.77, compared to a decrease of -$82,094,859.63 in the previous period, reflecting improved liquidity[31] - The ending balance of cash and cash equivalents reached $429,429,721.93, significantly higher than $96,203,711.42 at the end of the previous period[31] Shareholder Information - The total number of shareholders reached 8,504 by the end of the reporting period[8] - The top shareholder, Sun Zhiqiang, holds 29.88% of the shares, totaling 20,125,435 shares[9] Research and Development - Research and development expenses accounted for 4.81% of operating revenue, down from 5.57% in the previous year[5] - Research and development expenses for Q1 2020 were CNY 9,250,206.41, slightly down from CNY 9,461,205.94 in Q1 2019[22] - Research and development expenses for Q1 2020 were ¥2,488,405.40, slightly down from ¥2,827,104.86 in Q1 2019[25] Capital and Financing - Total assets increased by 32.01% year-on-year, while net assets attributable to shareholders grew by 82.45%, primarily due to the funds raised from the IPO on the Sci-Tech Innovation Board[10] - Cash and cash equivalents rose by 81.87% year-on-year, attributed to the funds raised from the IPO[10] - The capital reserve increased by 138.73% year-on-year, due to the funds raised from the IPO[10] - The company raised ¥418,893,117.00 through financing activities in Q1 2020, compared to no financing in Q1 2019[29] Operating Costs - Total operating costs for Q1 2020 were CNY 183,584,706.76, up from CNY 165,746,245.76 in Q1 2019, reflecting a growth of 10.7%[22] - Cash paid for purchasing goods and services increased by 39.08% year-on-year, reflecting higher procurement payments[11] - Cash paid for acquiring fixed assets and intangible assets decreased by 55.68% year-on-year, as the previous year saw substantial payments for project settlements[11] - The operating costs for Q1 2020 were ¥42,681,403.29, which increased from ¥26,334,847.34 in Q1 2019[25] Accounting Practices - The company did not apply new revenue and lease standards, indicating stability in accounting practices for the current reporting period[31]