Naruida(SH:688522)2024-04-19 10:31Financial Performance - The company's operating revenue for Q1 2024 was ¥31,487,777.49, representing a decrease of 10.34% compared to the same period last year[5] - The net profit attributable to shareholders was ¥4,230,943.35, down 50.11% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,350,726.08, a decline of 56.10% compared to the previous year[5] - Basic earnings per share were ¥0.03, reflecting a decrease of 57.14% year-on-year[6] - Total operating revenue for Q1 2024 was CNY 31,487,777.49, a decrease of 10.1% compared to CNY 35,120,483.57 in Q1 2023[22] - Net profit for Q1 2024 was CNY 4,230,943.35, a decline of 50.1% from CNY 8,480,337.32 in Q1 2023[24] - Basic and diluted earnings per share for Q1 2024 were CNY 0.03, down from CNY 0.07 in Q1 2023[24] Research and Development - Total R&D investment reached ¥19,076,247.95, an increase of 34.02% compared to the same period last year[6] - R&D investment accounted for 60.58% of operating revenue, up 20.05 percentage points year-on-year[6] - Research and development expenses increased to CNY 19,076,247.95 in Q1 2024, up 33.8% from CNY 14,233,383.79 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥53,269,078.35, indicating a significant cash outflow[5] - The net cash flow from operating activities for Q1 2024 was -$53,269,078.35, an improvement from -$72,452,856.23 in Q1 2023, indicating a reduction in cash outflow[26] - Cash received from sales of goods and services in Q1 2024 was CNY 11,007,900.00, an increase of 34.4% compared to CNY 8,209,258.57 in Q1 2023[25] - Cash received from operating activities totaled $24,148,925.93, compared to $15,261,470.47 in Q1 2023, reflecting a year-over-year increase of approximately 58.5%[26] - Cash paid for purchasing goods and services was $44,648,322.07, down from $51,594,380.25 in Q1 2023, indicating a decrease of about 13.5%[26] - Cash paid to employees increased to $20,565,464.21 from $16,276,048.85, representing a rise of approximately 26.5% year-over-year[26] - The total cash and cash equivalents at the end of Q1 2024 amounted to $1,636,901,979.89, a decrease from $1,825,406,738.04 at the end of Q1 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,344,673,986.74, a slight decrease of 0.38% from the end of the previous year[6] - The company's current assets totaled RMB 2,132,919,682.98, down from RMB 2,179,238,648.14, indicating a decrease of about 2.11%[19] - Cash and cash equivalents were reported at RMB 1,637,049,213.56, compared to RMB 1,734,877,189.54 at the end of 2023, representing a decline of approximately 5.63%[18] - Total liabilities decreased to CNY 147,870,131.08 in Q1 2024 from CNY 162,091,047.88 in Q1 2023, a reduction of 8.8%[21] - Total equity attributable to shareholders increased to CNY 2,196,803,855.66 in Q1 2024 from CNY 2,191,475,417.12 in Q1 2023, a growth of 0.2%[21] Non-Recurring Items - The company reported a non-recurring gain of ¥880,217.27, primarily from government subsidies and other non-operating income[9] - The company reported a financial loss of CNY 4,916,090.08 from credit impairment losses in Q1 2024, compared to a loss of CNY 1,628,822.34 in Q1 2023[23] - Deferred income tax liabilities decreased to CNY 8,063,653.55 in Q1 2024 from CNY 10,364,591.77 in Q1 2023, a decline of 22.2%[21] Future Outlook - The company did not provide specific guidance on future performance or new product developments during the earnings call[17] - The company has implemented new accounting standards starting in 2024, which may affect future financial reporting[27]