Raycloud(SH:688365)2020-04-29 16:00Financial Performance - Operating revenue decreased by 2.94% to CNY 103,649,526.42 year-on-year[6] - Net profit attributable to shareholders increased by 1.72% to CNY 16,830,940.03[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 16.53% to CNY 12,049,596.24[6] - The weighted average return on net assets decreased by 0.37 percentage points to 2.30%[6] - Basic and diluted earnings per share remained unchanged at CNY 0.05[6] - Total revenue for Q1 2020 was CNY 103,649,526.42, a decrease of 2.7% compared to CNY 106,792,204.32 in Q1 2019[26] - Total operating costs for Q1 2020 were CNY 92,066,268.17, an increase of 1.6% from CNY 90,582,938.99 in Q1 2019[26] - Net profit for Q1 2020 was CNY 16,830,940.03, slightly up from CNY 16,546,960.80 in Q1 2019, representing a growth of 1.7%[27] - Earnings per share for Q1 2020 remained stable at CNY 0.05, consistent with Q1 2019[27] Assets and Liabilities - Total assets increased by 3.59% to CNY 858,835,998.86 compared to the end of the previous year[6] - Total assets amounted to ¥858,835,998.86, up from ¥829,039,546.42 at the beginning of the year[19] - Total liabilities increased to ¥117,863,265.38 from ¥107,356,187.90, with current liabilities totaling ¥107,652,031.54[19] - Total liabilities for Q1 2020 were CNY 153,161,762.07, a decrease of 4.3% from CNY 159,966,119.66 in Q1 2019[22] - The total assets as of March 31, 2020, amounted to ¥829,039,546.42, slightly down from ¥829,384,734.00 at the beginning of the year[39] - The total liabilities as of March 31, 2020, were ¥107,356,187.90, showing a minor decrease from ¥107,394,542.08 at the beginning of the year[41] Cash Flow - Net cash flow from operating activities increased by 0.68% to CNY 10,030,244.12[6] - Cash and cash equivalents increased by 114.27% to ¥72,932,963.82 from ¥34,037,431.94 due to the maturity of certain financial products[13] - Net cash flow from financing activities was ¥14,988,383.56, reflecting temporary short-term borrowings[14] - The net cash flow from operating activities was ¥10,030,244.12, slightly up from ¥9,962,938.77 in the same period last year[34] - The net cash flow from operating activities for Q1 2020 was ¥9,654,279.39, a significant improvement compared to a net outflow of ¥6,464,846.31 in Q1 2019, representing a turnaround of over 249%[37] - The net cash flow from financing activities in Q1 2020 was -¥14,826,616.44, a decline from a positive inflow of ¥3,529,871.00 in Q1 2019, reflecting a change of over 520%[37] Research and Development - R&D investment accounted for 22.84% of operating revenue, an increase of 2.03 percentage points compared to the previous year[6] - Research and development expenses for Q1 2020 were CNY 23,669,112.05, up from CNY 22,221,393.73 in Q1 2019, indicating a focus on innovation[26] - Research and development expenses increased to ¥10,433,686.37 in Q1 2020, up 20.5% from ¥8,666,521.39 in Q1 2019[30] Investment Performance - Investment income increased by 138.01% to ¥5,511,678.44 from ¥2,315,768.07, attributed to the difference in the maturity cycle of financial products[14] - The company reported an investment income of CNY 5,511,678.44 for Q1 2020, significantly higher than CNY 2,315,768.07 in Q1 2019, showing improved investment performance[26] - The company recorded a significant increase in investment income to ¥5,401,449.09 in Q1 2020, up from ¥1,330,605.00 in Q1 2019, representing a growth of 305.5%[30] Company Developments - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 29, 2020[12] - The company completed its IPO on April 29, 2020, increasing total share capital to 401,000,000 shares from 360,900,000 shares[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22] - The company has adopted new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[42] - The company adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting[46] - The company did not adjust comparative data for the new revenue standards, maintaining consistency in reporting[47]