锐新科技(300828) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥141,520,508.83, a decrease of 18.72% compared to ¥174,115,801.75 in the same period last year[4] - Net profit attributable to shareholders was ¥13,159,121.51, down 27.71% from ¥18,203,822.82 year-on-year[4] - The basic earnings per share decreased by 27.27% to ¥0.08 from ¥0.11 in the previous year[4] - The total operating revenue for Q1 2024 was CNY 141,520,508.83, a decrease of 18.67% compared to CNY 174,115,801.75 in the same period last year[23] - The net profit for Q1 2024 was CNY 13,159,121.51, representing a decline of 27.73% from CNY 18,203,822.82 in Q1 2023[24] - The earnings per share for Q1 2024 were CNY 0.08, compared to CNY 0.11 in the previous year, indicating a decrease of 27.27%[24] Cash Flow and Liquidity - The net cash flow from operating activities was ¥40,582,832.94, a decline of 6.33% compared to ¥43,324,461.47 in the same period last year[4] - The cash and cash equivalents increased to RMB 86,199,212.42 from RMB 33,861,483.97 at the beginning of the period[20] - The total cash and cash equivalents at the end of the period is $86,199,212.42, an increase of 56.5% from $55,087,198.09 in the previous period[27] - Cash received from sales of goods and services is $158,260,079.83, down 14.3% from $184,633,496.53 in the previous period[26] - Cash paid for purchasing goods and services is $88,985,570.16, a decrease of 21.0% compared to $112,491,316.13 in the previous period[26] - Cash paid to employees is $19,923,026.09, down 16.4% from $23,914,706.37 in the previous period[26] - Cash paid for taxes is $7,135,922.95, an increase of 27.5% compared to $5,599,308.66 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥872,282,422.46, an increase of 1.18% from ¥862,116,206.04 at the end of the previous year[4] - The total liabilities for Q1 2024 were CNY 76,797,110.14, up from CNY 73,114,718.83 in the same period last year, reflecting an increase of 9.25%[22] - The company’s total liabilities increased by 230.81% due to an increase in endorsed bank acceptance bills[9] - The total current assets amount to RMB 492,670,118.31, slightly up from RMB 484,472,634.30 at the beginning of the period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,703[12] - The largest shareholder, Guo Zhan Chang, holds 32.98% of shares, totaling 54,939,000 shares[12] - The company plans to repurchase shares using between RMB 17.5 million and RMB 35 million for employee stock ownership plans[16] - As of March 31, 2024, the company has repurchased a total of 684,200 shares, accounting for 0.41% of the total share capital[17] Investment and Expenses - The company’s investment income decreased by 45.51% to ¥535,110.63 due to reduced purchases of bank wealth management products[9] - Research and development expenses for Q1 2024 were CNY 6,701,251.43, down 23.05% from CNY 8,718,225.32 in Q1 2023[23] - The company reported a financial expense of CNY -40,437.65 in Q1 2024, a significant improvement compared to CNY 1,677,646.72 in the previous year[23] Government Support - The company received government subsidies amounting to ¥387,726.38 during the reporting period[6] Other Financial Metrics - The company reported a significant increase of 375.84% in cash received from other operating activities, totaling ¥2,973,509.25[9] - Deferred income tax assets increased slightly to CNY 5,872,019.33 from CNY 5,731,121.39 in the previous year[21] - The fixed assets decreased to RMB 229,733,777.94 from RMB 248,777,455.25[20] - The company’s inventory decreased to RMB 157,511,738.83 from RMB 170,637,987.51[20] - The company’s long-term construction in progress increased to RMB 85,548,388.00 from RMB 58,956,402.47[20] Product Development - The company has not disclosed any new product or technology developments in the current report[18]