RYC(SZ:003010)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥282,670,941.40, a decrease of 0.60% compared to ¥284,363,018.56 in the same period last year[5] - Net profit attributable to shareholders increased by 94.53% to ¥6,878,378.02 from ¥3,535,952.51 year-on-year[5] - The net profit after deducting non-recurring gains and losses rose by 100.68% to ¥6,814,659.02 compared to ¥3,395,810.71 in the previous year[5] - Basic earnings per share rose by 94.83% to ¥0.0565 from ¥0.0290 year-on-year[5] - The company reported a total comprehensive income of CNY 6,890,586.74, up from CNY 3,738,946.57, representing an increase of 84.5%[27] - Net profit for Q1 2023 was CNY 6,878,378.02, an increase of 95.5% compared to CNY 3,509,369.19 in Q1 2022[27] Cash Flow - The net cash flow from operating activities increased by 76.11% to ¥43,702,478.32 from ¥24,815,704.60 in the same period last year[5] - Total cash inflow from operating activities amounted to ¥346,582,725.51, while cash outflow was ¥302,880,247.19, resulting in a net increase of ¥43,702,478.32[29] - The net cash flow from investing activities was ¥8,193,154.99, a significant recovery from a negative cash flow of ¥9,658,521.73 in the previous year[29] - Cash inflow from financing activities was ¥582,552.30, compared to ¥28,990,000.00 in Q1 2022, indicating a decrease of approximately 98%[29] - The cash received from operating activities related to other business activities was ¥39,379,732.66, showing a significant increase from ¥5,768,992.22 in the previous year[29] - The net increase in cash and cash equivalents for Q1 2023 was ¥26,621,713.07, compared to ¥3,987,254.64 in Q1 2022, marking a substantial increase[29] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,174,973,929.35, a decrease of 2.62% from ¥1,206,558,013.33 at the end of the previous year[5] - Total liabilities decreased to CNY 91,173,425.32 from CNY 125,743,490.04, a decrease of about 27.4%[26] - The company's current assets as of March 31, 2023, amount to RMB 866,492,959.55, a decrease from RMB 895,583,396.75 at the beginning of the year[24] Shareholder Information - The top shareholder, Wang Yu, holds 28.11% of the shares, amounting to 34,207,048 shares, with 5,721,000 shares pledged[10] - The second-largest shareholder, Langzi Co., Ltd., owns 10.54% of the shares, totaling 12,823,100 shares[10] - The company reported a total of 6,084,982 shares held by shareholders who previously owned over 5%, now reduced to 4.99999% after a cumulative reduction of 1,235,454 shares[12] - Wang Wenhui, a significant shareholder, has a 3.99% stake, equating to 4,860,000 shares[10] Investment Activities - The company’s wholly-owned subsidiary, Wuhu Ruoyuchen Investment Management Co., Ltd., invested 5 million RMB in Suzhou Baojie Huishanqi Venture Capital Partnership[13] - The total subscription amount for the newly established Xiamen Meiling Huakai Equity Investment Partnership is 100 million RMB, with Wuhu Ruoyuchen contributing 10 million RMB, representing 1% of the total[15] - The company is expanding its investment opportunities by collaborating with professional investment institutions to establish new funds[15] - The company’s investment strategy includes direct and indirect investments to achieve long-term returns for partners[15] Share Repurchase and Management - The company plans to reduce its shares by up to 7,301,988 shares, representing approximately 6.00% of the total share capital, with 2,176,900 shares already reduced, accounting for 1.7887% of the total share capital as of January 31, 2023[16] - The company plans to repurchase shares with a budget of between RMB 20 million and RMB 30 million, with a maximum repurchase price of RMB 23.83 per share[21] - As of the report date, the company has repurchased a total of 375,600 shares, accounting for 0.31% of the total issued shares, with a total transaction amount of RMB 6,215,581[23] - The company has completed the use of all funds in a specific fundraising account and has canceled the account to enhance centralized management and reduce costs[17] Research and Development - Research and development expenses decreased to CNY 6,798,235.41 from CNY 9,555,961.29, a decline of 28.8%[26] - The company received the "High-tech Enterprise Certificate," which is valid for three years, recognizing its technological strength and R&D capabilities[19] Other Information - The company did not conduct an audit for the Q1 2023 report[30] - The company signed a sponsorship agreement with Guotai Junan Securities for a non-public offering of A-shares, transferring the continuous supervision obligations from the previous sponsor[20]