RISONG(SH:688090)2021-04-26 16:00Financial Performance - Operating revenue for the period was CNY 191,855,269.51, down 0.27% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 924,428.12, representing an 86.63% decrease compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.04, down 84.00% from CNY 0.25 in the previous year[5] - The net profit attributable to shareholders for Q1 2021 was RMB 245.42 million, representing a decline of 82.79% year-over-year[15] - The company expects a significant decline in net profit for the first half of 2021 compared to the same period last year due to reduced government subsidies and increased R&D investments[15] - Total operating revenue for Q1 2021 was ¥191,855,269.51, a slight decrease of 0.27% compared to ¥192,371,527.35 in Q1 2020[26] - Net profit for Q1 2021 was ¥1,547,504.05, a significant decline of 89.78% from ¥15,116,779.59 in Q1 2020[27] - The total profit for Q1 2021 was ¥61,904.76, a decrease of 99.61% from ¥16,083,484.21 in Q1 2020[27] - The company’s operating profit for Q1 2021 was ¥134,970.81, a drastic decline from ¥16,085,363.55 in Q1 2020[26] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -113,713,796.13, indicating a significant increase in cash outflow compared to CNY -87,565,271.73 in the previous year[5] - The company reported a net cash outflow from operating activities of RMB -113,713,796.13 for Q1 2021, compared to RMB -87,565,271.73 in Q1 2020[14] - In Q1 2021, the company's cash inflow from operating activities totaled ¥150,884,864.51, a decrease of 15% compared to ¥176,868,055.02 in Q1 2020[34] - The net cash flow from operating activities was -¥113,713,796.13 in Q1 2021, worsening from -¥87,565,271.73 in Q1 2020[34] - Cash outflow for purchasing goods and services increased to ¥224,964,632.02 in Q1 2021, up from ¥213,279,028.09 in Q1 2020, reflecting a 3.9% rise[34] - The ending cash and cash equivalents balance was ¥371,802,137.10 in Q1 2021, down from ¥460,067,167.13 in Q1 2020, indicating a decline of 19.2%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,643,229,680.38, a decrease of 0.27% compared to the end of the previous year[5] - Total assets decreased from ¥1,647,597,244.34 to ¥1,643,229,680.38, a decline of approximately 0.22%[20] - Non-current assets totaled ¥426,012,267.95, down from ¥432,671,421.97, representing a decrease of about 1.1%[20] - Current liabilities slightly decreased from ¥602,944,549.11 to ¥600,090,200.76, a reduction of approximately 0.46%[20] - Total liabilities decreased from ¥673,401,012.95 to ¥667,485,944.93, reflecting a decline of about 0.14%[21] - Shareholders' equity increased from ¥974,196,231.39 to ¥975,743,735.45, an increase of approximately 0.16%[21] - Cash and cash equivalents decreased from ¥405,017,662.95 to ¥365,241,290.67, a decline of about 9.83%[23] - Accounts receivable increased significantly by 9805.85% to RMB 46,460,490.00 compared to RMB 469,020.50 in the previous period[11] - Accounts receivable increased from ¥128,854,783.08 to ¥156,476,385.44, an increase of approximately 21.5%[24] - Inventory rose from ¥47,088,048.43 to ¥70,334,345.45, representing an increase of about 49.3%[24] Research and Development - R&D investment accounted for 5.20% of operating revenue, an increase of 0.39 percentage points from the previous year[6] - Research and development expenses for Q1 2021 were ¥9,970,536.86, an increase of 7.8% compared to ¥9,250,206.41 in Q1 2020[26] - The company plans to increase investments in digital business and laser technology R&D to enhance technical capabilities and expand its business[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,891[8] - The largest shareholder, Sun Zhiqiang, held 20,125,435 shares, representing 29.88% of the total shares[9] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 1,529,786.95 for the period[7] - The weighted average return on net assets decreased by 1.93 percentage points to 0.26%[5] - Sales expenses rose by 45.08% to RMB 8,481,340.54, driven by increased travel, hospitality, and after-sales service costs[13] - The company experienced a 180.81% increase in prepayments to RMB 39,074,989.91 due to new project material prepayments[11] - The company anticipates that the gross profit margin will decline due to rising raw material costs and intensified industry competition[15] - The company reported a credit impairment loss of ¥-860,950.27, an improvement from ¥-1,277,884.84 in the previous year[26] - The company experienced a decrease in other income, which fell to ¥3,718,252.92 from ¥8,888,312.38 year-over-year[26] - The total comprehensive income for Q1 2021 was ¥1,547,504.05, down from ¥15,116,779.59 in Q1 2020[27]